Solana (SOL) continues its upward trajectory, trading above $130 and posting a 6% gain in the past 24 hours.
This rally coincides with the upcoming launch of the first Solana futures exchange-traded funds (ETFs) by Volatility Shares LLC, marking a pivotal moment for institutional adoption of the high-performance blockchain.
Volatility Shares is set to introduce two Solana futures ETFs on March 20: the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT).
These ETFs represent the first Solana-based ETFs in the United States, offering investors new opportunities to gain exposure to the rapidly growing blockchain network.
The launch follows the recent debut of Solana futures contracts on the Chicago Mercantile Exchange (CME) Group, signaling increasing institutional interest in cryptocurrencies beyond Bitcoin and Ethereum. Analysts believe these developments could significantly enhance market liquidity, price discovery, and institutional adoption for Solana.
Institutional Adoption and Brand Challenges
Solana has been at the center of two major developments this week. On one hand, the launch of Solana futures ETFs underscores the network’s growing institutional presence. On the other, Anatoly Yakovenko, CEO of Solana Labs, addressed backlash over a controversial advertisement criticized for its political undertones. Yakovenko reaffirmed the project’s commitment to open-source development and decentralization.
- According to filings with the Securities and Exchange Commission (SEC), the SOLZ ETF will feature a 0.95% management fee until June 30, 2026, after which it will increase to 1.15%.
- Meanwhile, the SOLT ETF, which offers 2x leveraged exposure to Solana, will carry a 1.85% management fee. These ETFs allow traditional investors to access Solana futures contracts without directly holding the cryptocurrency, mirroring the structure of Bitcoin and Ethereum futures ETFs.
The timing of this development is notable, as the SEC undergoes a leadership transition amid heightened political interest in cryptocurrency regulation. Following Donald Trump’s reelection as U.S. President, ETF firms and asset managers have flooded the SEC with applications, reflecting optimism about the new administration’s stance on crypto-based financial products.
What you should know
The launch of Solana futures on the CME Group on March 17 set the stage for ETF approval. While the first day of SOL futures trading recorded approximately $12.1 million in volume—significantly lower than Bitcoin’s $102 million and Ethereum’s $30 million debut volumes—analysts remain optimistic. They believe the introduction of SOL futures contracts will boost institutional demand and foster a more stable price discovery mechanism for Solana.
- Founder of Solana-based swap platform Titan, Chris Chung, emphasized the significance of these developments. “The CME’s recognition of SOL futures indicates that Solana has matured into an asset class that institutional investors can confidently engage with,” Chung stated.
- He added that Solana is evolving beyond its reputation as a network for meme coins, showcasing real-world applications in payments and financial services.
With Bitcoin ETFs attracting billions in institutional investment in 2024, many market participants believe altcoin ETFs could drive a new wave of capital inflows into alternative digital assets.
Since the introduction of spot Bitcoin ETFs in 2024, institutional capital has largely concentrated within Bitcoin, leading to stagnation in altcoin markets. A Solana ETF, however, could shift this trend, creating sustained momentum for SOL while leaving other altcoins without ETF access at a disadvantage.
The launch of futures-based ETFs is often seen as a precursor to spot ETF approval, as demonstrated by Bitcoin and Ethereum. If demand for SOL ETFs grows, asset managers may pursue spot Solana ETFs, offering direct exposure to SOL rather than futures contracts.
[Nairametrics]
Fubara: ‘I Was Neither Consulted Nor Informed’ – Okpebholo Rejects South-South Govs Position On Emergency Rule
Admin
Edo State Governor, Monday Okpebholo, has rejected the position of the South-South Governor’s Forum on President Bola Tinubu’s declaration of a state of emergency in Rivers State.
Naija News recalls that Tinubu had on Tuesday, 18 March, declared a state of emergency in Rivers State in a bid to resolve the political crisis between the Minister of the Federal Capital Territory (FCT), Nyesom Wike, the State Governor, Siminalayi Fubara, and House of Assembly members.
The South-South Governors Forum had rejected President Tinubu’s proclamation, asserting that the current political climate does not justify such an extreme measure.
However, Okpebholo, in a statement on Thursday through his Chief Press Secretary, Fred Itua, dissociated himself from his South-South colleagues’ position, noting that he was not consulted by the other governors in the geopolitical zone before they took the decision.
Okpebholo said he supports actions taken by Tinubu towards bringing lasting solutions and peace to Rivers State and the South-South geopolitical zone.
The statement read, “The position by the Governors of the South-South, opposing the declaration of a State of Emergency in Rivers State by President Bola Ahmed Tinubu, did not get the nod of Governor Okpebholo, as he was neither consulted nor informed.
“While Governor Monday Okpebholo acknowledges the right of other Governors in the South-South geopolitical zone to take a position, he, however dissociates himself from any statement that opposes the declaration of a State of Emergency in Rivers State by President Bola Ahmed Tinubu.
“Bola Ahmed Tinubu, President of the Federal Republic of Nigeria and the Commander-In-Chief of the Armed Forces, understands the issues at stake.”
[NaijaNews]
Barely 24 hours after a CNG-laden tanker collapsed near Karu Bridge, along the Abuja-Keffi Expressway, another fertiliser-laden truck has collapsed on the same spot.
The incidence occurred at about 3:54pm on Thursday afternoon.
The Head of Public Affairs of the FCT Emergency Management Department, Nkechi Isa, confirmed the accident in a statement, stating that the truck collided with a Hijet and a dump truck, adding that no life was lost.
She cautioned road users to drive with caution as the Federal Road Safety Corps was making efforts to tow away the affected vehicles, to avoid traffic built up.
“Another accident has occurred under Karu bridge along the Abuja Keffi expressway. Thankfully no life was lost to the incident. Our Search and rescue say the accident occurred when a truck laden with fertilizer ran into a Hijet and a dump truck also known as tipper.
“Motorists are advised to drive with caution as the Federal Road Safety Corps is taking steps to tow away the affected vehicles in order to avoid traffic built up,” the statement read.
Meanwhile, several videos showed some persons trying to clear the fertiliser bags from the fallen truck to ease traffic.
[Punch]
Nigeria secured the 105th spot out of 147 nations in the 2025 World Happiness Report, unveiled on Thursday, March 20. The report was compiled by the Wellbeing Research Centre at the University of Oxford in collaboration with Gallup, the UN Sustainable Development Solutions Network and an independent editorial board.
Finland retained its title as the world’s happiest country, followed by Denmark and Iceland. The rankings are based on factors related to social, physical, and emotional well-being.
The top four nations—Finland, Denmark, Iceland, and Sweden—maintained their positions from the 2024 rankings while Norway landed at No. 7.
For the first time, two Latin American nations made it into the top 10: Costa Rica at No. 6 and Mexico at No. 10.
The Netherlands (No. 5), Israel (No. 8), and Luxembourg (No. 9) completed the top 10 list.
The United States, which fell out of the top 20 for the first time last year, now ranks No. 24.
Last year’s report focused on happiness disparities across age groups, noting a decline in well-being among younger populations in multiple countries.
The US reached its highest ranking of No. 11 back in 2012. The latest report also highlights a 53% rise in the number of Americans dining alone over the past 20 years.
The decline in happiness is not exclusive to the US. The United Kingdom, now at No. 23, recorded its lowest average life satisfaction since 2017. Meanwhile, Canada, which has seen a downward trend in happiness over the past decade, remained in the top 20 at No. 18.
Afghanistan ranked last at No. 147, followed by Sierra Leone (No. 146), Lebanon (No. 145), Malawi (No. 144), and Zimbabwe (No. 143), rounding out the five lowest-ranking countries in terms of happiness.
World’s 25 happiest countries in 2025
1. Finland
2. Denmark
3. Iceland
4. Sweden
5. Netherlands
6. Costa Rica
7. Norway
8. Israel
9. Luxembourg
10. Mexico
11. Australia
12. New Zealand
13. Switzerland
14. Belgium
15. Ireland
16. Lithuania
17. Austria
18. Canada
19. Slovenia
20. Czech Republic
21. United Arab Emirates
22. Germany
23. United Kingdom
24. United States
25. Belize
Provide Evidence Of The Gross Misconduct That Made You Suspend Me For Six Months – Sen Natasha Challenges Senate
AFOLABI
The suspended Senator representing Kogi Central in the Senate, Natasha Akpoti-Uduaghan, has insisted that her suspension is a direct consequence of her accusations of sexual harassment against Senate President Godswill Akpabio.
Speaking during an interview with Sky News on Wednesday, the embattled lawmaker alleged that Akpabio told her she had to “please him” to enjoy her privileges as a Senator.
She maintained that her suspension is a calculated attempt to silence her and challenged the National Assembly to provide evidence of the misconduct they claimed she was suspended for.
She said, “I made an allegation of sexual harassment against the President of the Nigerian Senate, Senator Godswill Akpabio, on the fifth day of March 2025 and the very next day, I was suspended for six months. I believe my suspension is illegal, it’s unjust, and it’s just a way of silencing me.
“Yes, they did mention that I was suspended on grounds of gross misconduct, but can they please provide what the gross misconduct is that amounts to a six-month suspension the day after I submitted a petition? I was suspended because of that petition, not because of any gross misconduct.”
Akpoti-Uduaghan compared her alleged maltreatment to that of her male colleagues, alleging a double standard in the Senate.
“Let’s talk about the gross misconduct that had happened in the Nigerian chambers. I was only told to move, and I refused to move my seat because I deserved to be notified; I deserved to be given a chance to explain why I should retain my seat. You see, I have seen in that chamber where men fight, where Senators throw items at each other, curse each other, shout at each other, but they were not suspended. Why? Because they were men,” she added.
She further revealed that she had endured sexual harassment from Akpabio for over a year and that her refusal to yield to his demands led to a campaign of intimidation.
Senator Akpoti-Uduaghan narrated that Akpabio allegedly repeatedly blocked her attempts to raise motions and push important bills for her constituency, adding that even her husband tried intervening, but his efforts were stifled.
“I experienced sexual harassment over the past year in the hands of the Senate President, and this sexual harassment, because I refused to yield to his demands, turned into malice whereby my rights and privileges as a senator were deprived. I found the courage to speak up; yes, the breaking point was moving me from that seat; I have had to endure a whole lot in silence.
“Things got difficult for me; I was always complaining. My husband would actually walk up to him because they are friends, saying, ‘My wife has a very important bill, her constituency needs this, why don’t you give her a chance to speak?’ And he’d tell me, ‘Next time, next time.’ So he deliberately kept on denying me this. Each time I walked to him he’d tell me, ‘Right here I am the chief presiding officer of the National Assembly, so you have to please me, make me happy to get these privileges.’ And that happened several times. Because I refused, it developed into malice.
Former Vice President Atiku Abubakar, along with several prominent members of the ruling All Progressives Congress (APC), has officially launched a coalition aimed at challenging President Bola Tinubu in the upcoming 2027 general election.
Naija News reports that the press conference, held on Thursday, saw a strong showing of key opposition figures, including Labour Party’s 2023 presidential candidate Peter Obi, who was represented by Yunusa Tanko.
Other significant personalities in attendance included former Secretary to the Government of the Federation, Babachir Lawal; former Kaduna State Governor, Nasir El-Rufai; National Secretary of the Coalition of United Political Parties, Peter Ahmeh; and Convenor of the Alternative, Segun Showunmi, among others.
Among the key figures who were unable to attend but whose apologies were announced were former Governors Rotimi Amaechi of Rivers State, Kayode Fayemi of Ekiti State, and the immediate past National Chairman of the APC, Abdullahi Adamu. Despite their absence, their support for the coalition’s cause was acknowledged.
This was confirmed by Atiku, who read the text of a Press Conference addressed by a cross-section of leaders and political stakeholders from across the country, in Abuja, on Thursday.
Atiku, in response to a question whether the gathering was to kick start a coalition to oust Tinubu in 2007, the former Vice President said, “Yes, this is the birth of the coalition of opposition ahead of 2027.”
Earlier, while addressing the press conference, Atiku and his partners called on Nigerians especially members of the National Assembly to reject President Bola Tinubu’s unconstitutional declaration of a state of emergency in Rivers State.
Atiku said, “We have come together to address the dangerous and unconstitutional actions taken by President Bola Ahmed Tinubu, GCFR, on March 18, 2025-to wit, the declaration of a State of Emergency in Rivers State and the illegal suspension of the democratically elected Governor, Deputy Governor, and the State House of Assembly.
“This action is not only unlawful but also a clear subversion of democracy and imposition of autocratic federal control over a duly elected state government.
“We strongly condemn this development and call on all Nigerians of good conscience to resist this brazen assault on the constitution of our country and the institutions of our democracy.
“Mr President’s illegal and unconstitutional proclamation was presumably driven by the protracted insidious political crisis in Rivers State, which culminated in the recent ruling of the Supreme Court.
“Naturally, we expected all parties to the dispute to follow laid-down procedures, and in good faith, to promptly implement the judgment of the highest court of the land.
“We note that despite provocative statements and belligerent attitude of his opponents, Governor Fubara had demonstrated goodwill and appeared disposed to the implementation of the ruling of the Supreme Court.
“However, rather than rise above the fray, the president yielded to petty favouritism and betrayed the oath that he solemnly swore to before God and man, which was to ‘do right to all manner of people, according to law, without fear or favour, affection or ill-will.
“If president Tinubu had conveniently disguised his true intentions in the past, his broadcast to the nation on 18th March 2025 betrayed his bias and fell far below the standard of comportment expected from his exalted office.”
Niger Delta activist, Anabs Sara-Igbe, has raised alarm over the disappearance of Siminalayi Fubara, the suspended Governor of Rivers State, after he was removed from office by President Bola Tinubu on March 18, 2025.
Naija News reports that Sara-Igbe expressed deep concern during an appearance on Arise Television’s The Morning Show on Thursday, March 20, 2025, claiming that the governor has not been seen or heard from since his suspension.
On Tuesday, March 18, President Tinubu declared a state of emergency in Rivers State due to escalating political unrest, leading to the suspension of Governor Fubara, his deputy, Mrs. Ngozi Odu, and all members of the state House of Assembly.
Following the president’s declaration, Fubara, his family, and his security team vacated the Rivers State Government House.
However, according to Sara-Igbe, there has been no communication or sighting of the suspended governor since his removal. He stressed that this situation is causing growing worry among the people of Rivers State.
“We have not seen Fubara, and nobody has communicated with him. We don’t know what has happened to him or where he is. His life is in danger. We have tried to reach out to him, but we cannot get in touch. All Nigerians need to know that Fubara’s life is in danger,” Sara-Igbe stated.
He further emphasized that the people of Rivers State are deeply concerned, as there has been no official update or any confirmation of Fubara’s whereabouts.
Sara-Igbe continued, “Until we see Fubara speak face-to-face or on television, we have not seen him. We haven’t heard from him. He was locked up in the government house, and now that he’s been released, where to? We don’t know. This is a war against Rivers State, not just against Fubara.”
The activist called on Nigerians to protest against what he described as the “illegal suspension” of Fubara, warning that allowing such actions to go unchecked could set a dangerous precedent across the country.
He urged Nigerians to take a stand, saying, “If Nigerians keep quiet and allow this to happen, it will happen in other places.”
With Voice Vote, House Of Reps Approves Rivers Emergency Rule, Fubara’s Six Months Suspension
AFOLABI
The House of Representatives has approved the declaration of a state of emergency for Rivers State.
Naija News reports that the lawmakers also approved the six-month suspension of Governor Siminalayi Fubara, his Deputy Ngozi Odu and all elected members of the assembly, as announced by President Tinubu.
The House of Representatives on Thursday debated on the state of emergency declared by President Bola Tinubu in Rivers.
At the commencement of the debate on Thursday, a rep member demanded a head count of members present in the session to ensure that two-thirds necessary to form a quorum were present in the House.
However, the Speaker, Tajudeen Abbas, ruled that the attendance register would be used instead of going for a head count.
“I want the house to note that today’s plenary is being attended by 243 members based on our attendance register. Just for the record, we’ve more than satisfied the requirement for this particular amendment,” the Speaker said.
Naija News reports that the Green Chamber has adjourned until next Tuesday.
Media
Gospel musician Testimony Jaga has shared testimony of how he gave his life to Christ after a life-changing experience in jail.
In 2011, Jaga said he was wrongfully arrested and jailed for a crime he didn’t commit.
Speaking with Pulse, Jaga said he had been living with a friend who promised to help his music career, but things took a drastic turn when some people came to their house and arrested him for stealing along with everyone else in the house, despite being innocent.
This experience made him realise the harsh reality of life, and he eventually found solace in his faith.
After spending six months in jail, Jaga was cleared of all charges and released.
This marked a turning point in his life, as he decided to give his life to Christ.
He said: “In 2011, I gave my life to Christ after I left jail. I found myself in jail, not because I was a thief or anything. I was in the wrong place at the wrong time.
“Some people wanted to go do something, you know, like stealing. They came to the house where I was staying. I was sharing a house with someone who had promised to sign me.
“I was there, and stuff like that happened. When the police came, they arrested everyone around. That was when I saw the reality of life. I got myself into that mess, but with God’s mercy, I was saved. After six months, I came out of jail and gave my life to Christ.”
[Nation]
REWIND: In 2014, reps rejected Jonathan’s request to extend emergency in three north-east states
AFOLABI
On May 14, 2013, Jonathan declared a state of emergency in Borno, Yobe and Adamawa as Boko Haram intensified its bombings, abductions, territorial seizures and killings.
The declaration sought to restore order and prevent the terrorist group from devastating large swathes of the region.
After the initial six-month period of the emergency elapsed on November 14, 2013, two subsequent six-month extensions were approved by the national assembly in November 2013 and May 2014.
However, Jonathan’s push for a third extension of the emergency measure was rebuffed by the green chamber in November 2014.
The request failed to secure the required two-thirds majority on November 20, effectively ending the 18-month emergency rule.
JUMPING FENCES
When the house convened to deliberate on Jonathan’s request, the session was anything but routine, and the entrance to the National Assembly Complex was fortified.
Security agents had blocked lawmakers from accessing the chamber, forcing some, including Aminu Tambuwal, the house speaker, to scale the fence of the complex into the chamber.
Once inside, the mood was tense. Lawmakers from the north-east were vocal in their opposition, with other lawmakers arguing that the emergency rule had exacerbated the insecurity in the region.
Police fired tear gas into the chamber following a clash with at least 200 supporters of Tambuwal who had been prevented from entering the building to vote.
HURDLE BEFORE TINUBU IN N’ASSEMBLY
On March 18, 2025, President Bola Tinubu declared a state of emergency in Rivers following the protracted political crisis in the south-south state.
Tinubu also suspended Siminalayi Fubara, governor of the state, Ngozi Odu, his deputy, and all house of assembly members for six months.
For the emergency rule to take effect, section 305 (2) of the constitution states that the president must transmit the proclamation to the senate president and the speaker of the house of representatives.
There is a raging debate on where the president derived the power to suspend an elected governor as this is not expressly provided for in the 1999 constitution.
With 360 members in the green chamber and 109 in the red chamber, Tinubu needs at least 240 votes in the house of reps and 73 in the senate for his proclamation to stand.
On the contrary, it takes only 36 senators to defeat the proclamation.
Even if the senate passes it, 121 reps can vote it down.
Sources in the national assembly told TheCable that the president’s foot soldiers are struggling to get the numbers required for the Rivers emergency rule.
More...
The Oyo state government has withdrawn the criminal case against Oriyomi Hamzat, Naomi Silekunola and Fasasi Abdullahi Fasasi over the fatal stampede at Islamic High School Bashorun in December 2024.
Abiodun Aikomo, commissioner of justice and attorney-general of Oyo, confirmed the development on Wednesday while addressing journalists after the ruling.
The Ibadan high court struck out the case after it was withdrawn by the attorney-general.
Hamzat, CEO of Agidigbo FM, Silekunola, ex-wife of the Ooni of Ife; and Abdullahi, principal of the Islamic High School, were standing trial for their alleged roles in a stampede at a funfair in Ibadan in December, which claimed the lives of over 30 people, most of whom were children.
They were initially remanded at the Agodi correctional facility and were granted bail on January 14 in the sum of N10 million and two sureties in like sum.
In January, the state government filed an 18-count criminal charge, including conspiracy to commit murder, manslaughter, criminal negligence, and other related charges against the trio.
Speaking after the court session, Aikomo said the state decided to withdraw the case as the suspects showed empathy and compassion.
“It was an unfortunate incident that led to the death of many. And you see, in law, whenever death occurs in circumstances that are not natural, the law will take its course. So the state responded by filing charges against the persons implicated in the investigation,” Aikomo said.
“In the course of doing that, we actually wanted to prosecute but the affected persons showed empathy. They showed compassion. And as far as human beings can do, they try to persuade the feelings of the affected parties.
“And the circumstance, we felt, the essence of prosecution is not to kill people or persecute them.
“It is in the interest of justice to discontinue these charges, and that is what happened today. So we withdrew the charge and it was struck out by the court. There is no charge against them again, so they are free.”
OUT-OF-COURT SETTLEMENT
Also speaking, Abdulwaheed Olajide, counsel to Fasasi, said the families of the victims and the defendants reached an agreement to settle the matter out of court.
“The good thing is that the defendants as well as the state met and considered wider implication of the case and decided to put a stop to it so that it will not send a wrong signal to the larger society because if the crisis is allowed to persist, you will discover that men of goodwill will be running away from Oyo state. Just to run away from such, the two sides decided to find an amicable solution,” Olajide said.
“They were brought into the picture, they were appealed to and they were made to understand that this is a thing that happened as a result of an accident which can happen anytime.
“It is beyond human control. So they agreed with us… and we said we can still go ahead and show empathy to the families of the deceased.
“The state appreciated that and in consequence decided to withdraw the charges against the defendants.
“We thank God, we all went to the river and we came back with our pots full of water to quench the thirst of each and every one of us.”
Former Vice-President Atiku Abubakar says Nigerians should stand up and defend the country’s democracy by resisting the state of emergency declared in Rivers state by President Bola Tinubu.
The former vice-president spoke in Abuja on Thursday at a press conference of concerned political leaders.
He said it is not only the responsibility of the opposition parties to defend democracy but the duty of everyone to reject the “brazen assault” on the elected government in Rivers.
On Tuesday, Tinubu, in a nationwide broadcast declared a state of emergency in Rivers, citing the protracted political crisis in the state.
The president suspended Siminalayi Fubara, the governor of Rivers, his deputy and the state house of assembly.
He also appointed a sole administrator for the state.
Abubakar said Tinubu must immediately reverse the emergency rule and reinstate the governor, his deputy and the house of assembly.
“We call on President Bola Ahmed Tinubu to immediately revoke this unconstitutional proclamation and reinstate the elected governor, deputy governor, and state assembly of Rivers state,” he said.
“We call on patriotic Senators and Representatives to vote against this illegal action when it comes before them for approval. The National Assembly must stand on the right side of history and not allow itself to be used to legitimise an unconstitutional power grab.
“We urge the judiciary to act swiftly in striking down this proclamation, as it sets a dangerous precedent that could be used to arbitrarily remove any Governor in the future.
“We call on all civil society organisations, political groups, and Nigerians of good conscience to stand firm in the defence of this democracy that we have all toiled to build. Rivers State is not a conquered territory, and Nigeria is not a dictatorship requiring the replacement of an ELECTED GOVERNOR with a MILITARY ADMINISTRATOR.
“We recall that even when a previous administration had declared a state of emergency in parts of the country bedevilled by insurgency and acts of terrorism, the governors of the concerned states were not removed from office as this administration has done. This action, by President Tinubu therefore represents a new low for our country.
“The historical unrest in the Niger Delta should not be forgotten so soon. Past administrations had made great efforts and sacrifices to restore peace and stability to the Niger Delta, which is critical to the economic health and stability of Nigeria itself. This federal government should not manufacture political crises that could disrupt the fragile stability and return the country to the past that we have all prayed to leave behind for good.
“We must never allow personal political interests and the desire to hold on to power at all costs to throw the country into unavoidable chaos through brazen subversion of the principles of federalism, democracy, and constitutional governance. This is not just about Rivers State it is about the future of Nigeria’s democracy.”
In attendance at the press briefing were Nasir el-Rufai, former governor of Kaduna, Babachir Lawal, former secretary to the government of the federation (SGF), Emeka Ihedioha, former governor of Imo, among others.
The House of Representatives on Thursday passed and adopted the proclamation of President Tinubu through a voice vote with 243 members in attendance.
The House also made recommendations to the proclamation.
The House recommended that a national committee should be set up to mitigate and restore peace back to Rivers State.
Secondly, the National Assembly should take over the activities of the state Assembly within six months.
Details soon...
The south-south governors’ forum has urged President Bola Tinubu to rescind his emergency rule declaration in Rivers state.
In a statement, the group argued that the political crisis in the state does not justify the proclamation of a state of emergency.
On Tuesday, President Bola Tinubu declared a state of emergency in Rivers over the protracted crisis.
He also suspended Siminalayi Fubara, governor of the state; Ngozi Odu, his deputy; and members of the house of assembly.
In a statement signed by Douye Diri, governor of Bayelsa and forum chairman, the governors said the suspension of elected officials in Rivers was a drastic measure.
They acknowledged the constitutional role of the president in maintaining law and order but implored that the constitutional role of governors to ensure peace and stability in their states be respected.
“The south-south Governors’ Forum expresses concern that the current political situation in Rivers state does not satisfy the criteria for declaring a state of emergency as outlined in Section 305(3) of the Nigerian Constitution (as amended),” the statement reads.
“This section suggests that such a declaration should be considered under specific conditions like war, external aggression, imminent invasion, breakdown of public order, existential threats to Nigeria, natural disasters, or other significant public dangers.”
The forum said the constitution provides clear procedures for the removal of elected officials.
“It is also worth noting that the constitution outlines specific procedures for the removal of a governor and deputy governor, as detailed in Section 188, and similar provisions exist for the removal of members of the house of assembly and the dissolution of parliament. In the current situation, it appears that these guidelines might not have been fully considered,” they added.
“We believe that the political disputes in Rivers State between the governor and the house of assembly should, ideally, be resolved through legal and constitutional means, rather than by executive fiat.”
The governors proposed an immediate end to the emergency rule as a step towards lasting peace and called on all parties to respect the constitution.