Jennifer Lopez adopts a Nigerian Igbo name ‘Ifunanya’.

The singer and actress, revealed her new name during a recent interview.

Nigerian media personality Drea Okeke had proposed the name for her, and she agreed.

Okeke added that the name is appropriate for the American diva since she “is a complete lover girl” and Ifunanya means love in Igbo.

Jennifer Lopez asked: “What is my [Nigerian] name?”

The host replied: “Because you’re a certified lover girl, this name means love. It is Ifunanya. That’s your name, love.”

Lopez reckoned: “Ifunanya! Call me Ifunanya.”

Okeke revealed that Lopez’s husband, Ben Affleck, will go by the Nigerian name “Obim.” That’s my heart.”

Jennifer Lopez agreed: “Obim? I like that. I will call all my kids that.”

Recall that Lopez and Affleck revived their relationship and married in 2023, 17 years after their first breakup.

In 2022, Jennifer Lopez Announced their Engagement

The excited 52-year-old dancer, actress and singer shared a video of herself crying and looking at her engagement ring on Friday night on her official website.

Jennifer showed off the stunning sparkling in the 13-second clip – with no sign of her fiancé Ben, 49. The video started off with a black screen with a view of her ring first before the camera moved up to her face.

The mother of two is visibly wiping away tears of joy as she stared at her emerald and diamond sparkler, Dailymail.com reports.

She was wearing a casual outfit consisting of a green top, knitted cardigan and minimal makeup. Jennifer can be heard whispering ‘I am perfect’ in the song that played along with the video

“In January 2012, today’s President Bola Tinubu as opposition leader rallied his economists and got them to tell him the implication of fuel subsidy removal. They wrote it for him. He read it and liked it; he signed it and put his name on it. Conscious of the verdict of history, of posterity, and for emphasis, he got it published – one and a half pages – in his newspaper, The Nation of January 11, 2012. Check the newspaper’s pages 43 and 44. The grim summary of Tinubu’s economists’ damning opinion was that if petrol subsidy was withdrawn in Nigeria, the poor would stop breathing and the rich would suffer. The prophets’ exact words are that “there will be less food, less medicine, and less school across the land. More children will cry in hunger and more parents will cry at their children’s despair…. Poor and middle class consumers will spend the same amount to buy much less. The volume of economic activity will drop like a stone tossed from a high building.”

A colleague yesterday shared a 1992 campaign video of Chief M.K.O. Abiola promising to demystify governance in Nigeria and stop “people’s heads” from being “shaved in their absence.” A professor friend (political scientist) commented that “that’s partly why he never became president.”

Becoming president or king comes with a price. When ‘The Price of Kings’, a political documentary on Palestinian leader, Yasser Arafat, was released in 2011, the Financial Times titled its review of the film: ‘All about the art of compromise’. The reviewer describes the film as a portrait of leadership; he talks about “years of gritty compromise and the abandonment of previously held principles.” He goes on to ask: “What sacrifices would you make for what you believe in? What, in other words, is the collateral damage, personal and political, of statesmanship?”

In January 2012, today’s President Bola Tinubu as opposition leader rallied his economists and got them to tell him the implication of fuel subsidy removal. They wrote it for him. He read it and liked it; he signed it and put his name on it. Conscious of the verdict of history, of posterity, and for emphasis, he got it published – one and a half pages – in his newspaper, The Nation of January 11, 2012. Check the newspaper’s pages 43 and 44. The grim summary of Tinubu’s economists’ damning opinion was that if petrol subsidy was withdrawn in Nigeria, the poor would stop breathing and the rich would suffer. The prophets’ exact words are that “there will be less food, less medicine, and less school across the land. More children will cry in hunger and more parents will cry at their children’s despair…. Poor and middle class consumers will spend the same amount to buy much less. The volume of economic activity will drop like a stone tossed from a high building.”

Eleven years after what has turned out to be an accurate reading of the future, the man who signed the prophecy became president and proceeded to feed to the nation what he had pronounced as poison. A minute after swearing an oath to work for the welfare of the people, Tinubu became a victim of his own prophecy. What happened? You think he did not know the implication of ignoring his seers? He did. Was it sheer self-destructive wickedness? Again, I say no. So, why? The truth is election alone does not make a president here. Our presidency is by election and affirmation. Our votes are subject to affirmation by the kingmakers in London and Washington. The principal does not appoint an agent so that the agent would be master of himself. As opposition leader, Tinubu could independently hire economic advisers who told him the truth. As president, he cannot and dare not choose advisers whose views are at variance with the kingmakers’. The president is endorsed to act strictly the script as given to him by the film director. The script writers are the choice makers. They are the double ‘monsters’ headquartered on Pennsylvania Avenue and H Street, Washington DC.

Mr. Femi Falana, Senior Advocate of Nigeria, last week asked President Tinubu to stop obeying the IMF. He asked the president to reject IMF’s latest advice asking him to further increase the prices of fuel and electricity in Nigeria. Falana will not get a response from the president; the presidency will ignore him. The Senior Advocate ought to know better. The Nigerian government cannot glare down behemoths who hold the knob of life. No poor president has ditched the IMF and the World Bank and slept well since the two were born in Bretton Woods, New Hampshire, in 1944. If you know you won’t sleep with them, do not take their money – and power. If you can’t run errands, never apply and accept to work for them. The presidency of Nigeria is not a detached power house; it is some people’s gate house.

Falana in his intervention wondered why the IMF kept quiet when the British government, last year, paid almost 40 billion pounds ($50 billion) in energy subsidies. He asked why the United States’ doubled its subsidies for renewable energy from $7.4 billion in 2016 to $15.6 billion in 2022. He wondered why the IMF did not ask these countries to stop what they were doing with subsidies. Falana noted that the French government had announced that it would continue to subsidise electricity bills into 2025. Falana said: “The IMF has not called on France to stop subsidising electricity and increase electricity tariffs. So, the IMF’s anti-subsidy campaign in Nigeria should be flatly rejected.”

Tinubu cannot obey Falana and disobey the IMF and its brother, the World Bank. If he tells them no, he will pay. Whatever the earthworm tells the ground is what the ground does. The president is the ground, the Bretton Woods are the earthworm. There is an old video of President Olusegun Obasanjo saying his Central Bank governor, Charles Soludo, “was not really a fan of the World Bank” and was always showing it in words and deeds. The president said he, one day, warned Soludo: “never you say no to the World Bank; otherwise, they will rub your face on the ground – but never you do their bidding.” That is how tough it is – say yes without doing yes. Either way, you will pay.

Shaving people’s heads in their absence is the simple meaning of international politics and global finance. Two of the barbers – the ‘head cutters’ – are the IMF and the World Bank. They are the ones we are asking this president to disobey. The man knows why he is putting his feet where he is directed to put them. If he does not, to which god will he run when trouble comes? But he is wrong. Why has he not read what became of those who did what he is doing? He should read BBC’s Budget Blunders, UK’s ‘Dash for Growth’ budget of 1972/73, the 1976 Pound Sterling crisis, the tragedy of Keynesian measures and IMF’s involvement.

Before this Tinubu, there was a Tinubu in Lagos who made and unmade kings in that city. Lagos of the mid-19th century belonged to big boys from the colonial office, rich returning slaves and a few homegrown wealthy merchants. Madam Efunroye Tinubu not only belonged to the latter group; she literally had the balls of everyone in her firm grip. She was the female, local version of the 16th Earl of Warwick, the overbearing power and property baron “who carved out a position for himself by the strength of his sword.” This Earl had neither the authority nor the right to raise or depose kings” but he did both with cruel equanimity. He did, and P. C. Dharma gives him a generous mention in her 1947 article on ‘Kingmakers of India.’ Madam Tinubu was exactly the Earl in Lagos of the mid-1880s, an arbiter of royal and economic powers. Bold, courageous, no-nonsense, ruthless, her history in Lagos and, later in Abeokuta, is about making kings and using kings. The ones who demurred, who raised objections or showed reluctance, suffered loss of crown and scepter.

Falana asked why the two finance institutions are not giving first world countries the same drugs they are prescribing for us. I think I can answer that question. Small gods do not teach Sango how to inflict maximum damage. Besides, chief priests of the sacred grove are beyond the canes of masquerades. The masqueraders who tried that in the past lost their costumes. I use Madam Tinubu again here to illustrate this. The lady without means transited from poverty in Abeokuta to power and wealth in Lagos. Tinubu was made very rich by the colonial economic system. She was very useful to the government and the business community. She traded in men and goods for her profit and for the good of the powers-that-be. She made very good money. She loved and coveted the white man’s trade and riches but later detested the meddlesomeness of the alien in Lagos affairs. She started plotting the downfall of the masters. The first was in January 1855; it failed. The second was in March 1855. The grand plan was to expel or neutralize all the European merchants in Lagos. The plot was called off, last minute, because two British warships showed up fortuitously in Lagos waters. A deadly disturbance two months later got the British to expel Madam Tinubu from Lagos, never to come back.

No one on the mountain top desires such a fall. ‘Expulsion from Lagos’ is the title of the chapter that tells this part of Madam Tinubu’s epic story in her biography ‘Madam Tinubu: Merchant and Kingmaker’ by Oladipo Yemitan. I read it (starting from page 54) and thought the woman who later rose again and became the first Iyalode of Egba got what he gave her victims. Her boat met every furious tide with fury. The intrigues, the shifting and shifty loyalties on those pages present good lessons in compromise and consequences.

We will be asking our president to hate himself if we insist he must spurn the orders of those that give life to his government. If we would ask anyone to say no to the IMF, it would not be this president. His bones are weak; we should leave him alone. Why can’t we make the rejection by ourselves? The Yoruba say a man uses his own mouth to reject a meal. They also say no one begs another into slavery. Everywhere the Bretton Woods have been successfully glared down and shown to be dumb, it has been the people themselves who did so. But we are not normal people. We always look for king-size heads to help us break our coconuts. If we can’t find one, we simply withdraw into our prayer houses and intensify supplications for ‘divine intervention.’

Normal babies cry at the sight of injections. There is a trending WhatsApp video that shows an unbelievably calm baby while being inoculated. With that video is a caption mocking how we suffer pain here without crying. The baby betrayed neither pain nor anxiety. That baby is Nigeria and its long-suffering people. We take and endure knocks and, like Charles Dickens’ Oliver Twist in the workhouse, we ask for more. American abolitionist and fiery anti-slavery orator, Frederick Douglass, in August 1857 warned that the extent tyrants go is set “by the endurance of those they oppress.” Douglass added that victims of power would be hunted in the north and flogged in the south “so long as they…make no resistance, either moral or physical.”

For millions of my countrymen, life is literally nasty, brutish and short. Every home sobs. Rice was N70,000 per bag last week. This week opened with rice becoming N80,000. Cement sold for N10,000 per 50kg bag on Friday. Naira slid to N1,700/dollar at the weekend. Our minimum wage of N30,000 equals $17. How did we get here after the experience of previous disasters? The IMF gave us some prescriptions some forty years ago. The calcifying effects are still in our blood system. In 2023/2024, that same Doctor Death came back into our embrace. Ola Rotimi wrote ‘Our Husband Has Gone Mad Again’. Why should people’s head go bad more than once? Madness and insanity are synonyms. “Insanity is doing the same thing over and over and expecting different results.” Frank Wilczek, theoretical physicist at the Massachusetts Institute of Technology, United States and 2004 winner of the Nobel Prize in Physics, examined that quote and called it the “Einstein Insanity”— because the quote is attributed to Albert Einstein. Einstein was that thinker who held that if we are not insane, we should be able to predict the consequences of our actions. He was the physicist who believed that human stupidity is one of the two infinite things in the world. He refused to accept that the world is inherently unpredictable. He strengthened his argument with a sound bite from the celestial: “God does not play dice with the universe.” But, here, we are being ruled by dice players – poor players; people who roll the dice, and roll it again – and again, because the results they expect are not what they get. What they do with Nigeria is what my childhood called tokíní tokéjì. They use the people to play Baba Ijebu; they bet with people’s destiny.

Amid all these came from the north last week a regional threat to the president by traditional and religious leaders. They said their people were hungry and restive and that they could no longer control them. Every sentence they uttered sounded like a threat of Armageddon. Their concern would have carried weight if the shouters had done so when their Muhammadu Buhari was in power and was messing up everyone, everything, everywhere. But they maintained complicit quietude and passivity when their evil reigned. Because of their past of unholy silence, their present angst could not resonate with the street in the south. I saw and heard people mocking these northern leaders and their groans. They lost it. Ironically, the Yoruba content of the south is working hard to follow that same road of vicarious infamy. There is an insidious, invidious campaign for indifference going on. I was called “a perennially sulky bad boy” last week by a gentleman who claims to be a ‘Yoruba leader.’ That was because I had the audacity to speak about hunger and pain in the land. The ‘Yoruba leader’ thought Yoruba brotherhood with the president should have stitched my mouth. I thought if he was truly Yoruba, he would be familiar with the causal relationship between criminal, idiotic silence and a bad head.

The rain has not stopped; nobody should say that it is not as heavy as yesterday’s downpour. Things may still get worse. Today, staying at home is hot as hell and there is no safety on the road. It is the perfect Yoruba situation of Ilé ò gbàá, ònà ò gbàá (the home rejects him, the road won’t accept him). Uproars daily follow naira’s death by installment. We sob as if we do not know that the illness that won’t heal will kill. Unfortunately, you feel pain only if you wear the shoes. Those assembled by Tinubu to halt the drift do not have their wealth in weakness. Every fall of the naira swells their bùgá. But they may be wrong. My political economics teacher told me that the way these things are going, every soul in this ship is in danger. He said life vests won’t help and escape boats may be useless.

Catholic Bishops in the country, under the auspices of the Catholic Bishops’ Conference of Nigeria (CBCN), have told President Bola Tinubu that his policies are inflicting untold hardship on Nigerians.

The Bishops lamented that there is increasing hunger in the country, unemployment, kidnapping, general insecurity and other crimes are on the increase, and there is a high cost of food and living.

Speaking on Sunday through the CBCN President, Most Rev. Lucius Iwejuru Ugorji, the Bishops said the reforms initiated by President Tinubu have so far been counterproductive, with more Nigerians being plunged into poverty.

Ugorji made the position of the Bishops known when he delivered a speech at the opening session of the 2024 First Plenary Assembly of the CBCN held at the Catholic Secretariat of Nigeria Resource Centre, Durumi Abuja.

The cleric said the fuel subsidy removal, coupled with the floating of the naira, has not yielded any positive result so far, and the government is only asking people to make sacrifices and exercise patience while no corresponding action on the part of the leaders is been seen.

He said: “Evidently, the reform agenda of President Tinubu has added to the plight of Nigerians. With the withdrawal of fuel subsidies and the unification of the foreign exchange market, there has been a sharp increase in the pump price of petroleum products, and a steady decline in the value of the Naira.

“High spiralling inflation has made it difficult for the average Nigerian to access basic commodities, including food items and medication. Millions of Nigerians have been reduced to a life of grinding poverty, wanton suffering, and untold hardship as never before in our national history. In a bid to survive, an increasing number of poor people have resorted to begging. With more than 80 million Nigerians living under the poverty line of less than two dollars a day.”

Expressing further dissatisfaction with the policies of the Tinubu government, Ugorji added that: “If we have to be very frank with ourselves and not wallow in self-delusion, we must admit that we are faced with a case where therapy is worse than the disease. The government’s reform agenda is turning out to be counterproductive. Despite the efforts of the government to boost our economy, our nation has continued to sink economically deeper and deeper into a bottomless pit.

“In withdrawing the fuel subsidy, the government assured Nigerians it would save a lot of money to be injected into other national development sectors. Rather than give evidence of money so far saved from the withdrawal of subsidies for which Nigerians are being afflicted with untold hardship, all we hear is the government’s accumulation of more and more foreign debts to balance its budgetary deficit, thereby mortgaging the future of our nation and generations yet unborn.

“We must also be frank to admit that government’s efforts to fight corruption have remained prostrate, and as a result, Nigeria is rated as one of the most corrupt nations in the world. The crusade against corruption needs to be more proactive. Adequate checks and balances need to be implemented in our public financial management to prevent dishonest and greedy public servants from stealing public money with case and impunity.

“A financial management and accounting system that allows fraudulent government officials to freely loot huge sums of money from public coffers needs total overhauling. Though ICPC and EFCC have recovered billions of Naira from corrupt government officials, but it has failed to win most of its cases before the Court of Justice due to poor investigation and presentation of corruption cases.

“Until our anti-corruption institutions can successfully prosecute and jail corrupt government officials, corruption will continue to thrive in Nigeria. So, the government should rise to its primary responsibility of securing the lives and property of its citizens.

“The government does not need to reinvent the wheel since it can easily learn from what other nations do to provide adequate security for its citizens. It goes without saying that there cannot be any meaningful development in any country without adequate security. It will be belabouring the obvious to state that security in our country will remain a tall dream if mass unemployment exists among our youths.”

Fresh facts have emerged how the national leadership of All Progressives Congress and other stakeholders were arm-twisted by the Presidency in the Edo governorship primary election.
Presidency and the National Working Committee of the All Progressives Congress (NWC-APC) had toed different lines over the choice of the candidate of the governing party for the forthcoming gubernatorial election in Edo State slated for September, this year.

APC had scheduled the intra-party election to pick its flag-bearer for last Saturday, amidst divergent interests by critical stakeholders from within and outside Edo State.
Loyalists of the key players in the Presidency and NWC fought dirty in Benin City, the Edo state capital, on Saturday, as they pushed for the emergence of the preferred candidate of their benefactors to fly the flag of the ruling party in the crucial off season September 18 government election.
The ill-fated primary produced “two winners” in the persons of a member of the House of Representatives, Mr. Dennis Idahosa, who represents Ovia South/West-Ovia North/East in Edo South senatorial district of the state and Senator Monday Okpebholo, who is representing Edo Central in the 10th Senate.
LEADERSHIP learnt that President Bola Ahmed Tinubu had succumbed to pressures from his chief of staff, Mr. Femi Gbajabiamila, to endorse Idahosa in the countdown to Saturday’s election.
Gbajabiamila, the major promoter of Idahosa, after securing the presidential nod, recruited a former governor of the state, Senator Adams Oshiomhole, as the arrow-head of the deal to clear all hurdles against Idahosa at the state level.
Oshiomhole later set the stage for Idahosa’s emergence in the three senatorial districts of the state.
In the emerging scenario, Oshiomhole was compelled to abandon some of his lieutenants, who had shown interest in the election and touted their relationship with him as an asset to clinch victory in the intra-party election.
Besides, some of Oshiomhole’s loyalists, including his former deputy, Chief Pius Obudu, were tactically eliminated from the race, for lacking financial muscles to prosecute the general election.

Oshiomhole reportedly persuaded some of them to drop their aspirations since they could not withstand the financial war-chest, which Gbajabiamila had promised to deploy in aid of Idahosa to clinch the highest political office in Edo state.
One of our sources in the Presidency said Gbajabiamila, peddling presidential influence, also got some front-runners in the election to back out in order to pave the way for Idahosa. He promised some of them juicy federal appointments as reward.
The source told LEADERSHIP that the party’s NWC was oblivious of the game plan by the Presidency to install Idahosa.

LEADERSHIP was told that the NWC, since it was not taken into confidence by Gbajabiamila, was working to deliver Okpebholo, who hails from Edo central, an area which has been denied governorship seat of the state since the advent of the current political dispensation in 1999.
The tenure Prof. Oserheimen Osunbor, an indigene of the area, who was inaugurated on May 29, 2007, to succeed Chief Lucky Igbinedion (Edo South), was cut short by judicial pronouncement on November 11, 2008.
Osunbor’s fate paved the way for Oshiomhole’s (Edo North) governorship till 2016, and he was succeeded by the incumbent Governor Godwin Obaseki, also from Edo South.
The Abdullahi Ganduje-led NWC was working on the permutation that it would only be fair to accord Edo central the deserving opportunity, more so that Obaseki was planning to pick his successor from the zone, on the banner of the Peoples Democratic Party (PDP).
This, in the wisdom of Ganduje and his colleagues in the NWC, would engender healthy competition between two frontline political parties in the general election.
It was also gathered that Senate President Godswill Akpabio, in a bid to push Okpebholo through, also dropped the name of President Tinubu before the national chairman of the party, Ganduje, to help the cause of his colleague in the Senate.

Akpabio was quoted to have told Ganduje that Okpebholo was the person favoured by the president. One of our sources said Ganduje fell for Akpabio’s subtle blackmail.
The source said Akpabio’s revelation also strengthened the resolve of the NWC to back the Edo senator.
However, findings by LEADERSHIP revealed that Ganduje only got wind of Gbajabiamila’s clandestine plans less than 48 hours to the primary election, in the early hours of Thursday.
As the rumours filtered to him, Ganduje raced to Nnamdi Azikwe International Airport, Abuja, for an audience with Tinubu, who was billed to travel to Addis Ababa, for clarification on the festering issue.
One of the sources told this newspaper that “as Ganduje struggled for recognition for a handshake, Mr. President sauntered forward, facing the national chairman frontally, he said ‘has Femi (Gbajabiamila) delivered my message on the Edo primaries to you? But if he has not told you, this is my position: go and deliver Dennis Idahosa.’

“The NWC had programmed all human and material resources in favour of Senator Monday Okpebholo and some of the arrangement could no longer be altered to accommodate the now glaring interest of Mr. President. The national chairman’s frantic calls and contacts to the various committees to change the course of action were futile. The committee members were either unreachable or they refused to budge and listen to the fresh order.
Already, the controversial intra-party election has produced three winners.
Imo State Governor and chairman of the APC governorship primary committee, Hope Uzodinma, announced Idahosa winner of the primary.

According to the governor, Idahosa polled 40,453 votes to defeat Okpebholo, who garnered a paltry 100 votes.
In another twist, the NWC-appointed returning officer for the election, Dr. Stanley Ugboajah, announced Okpebholo winner having polled 12,145 votes to defeat Idahosa who got 5,536 votes.
Meanwhile, the APC Critical Stakeholders Group has called on party’s national chairman, Dr Abdullahi Umar Ganduje to disregard the declaration of Hon. Dennis Idahosa by Governor Hope Uzodinma as APC governorship candidate for the September 21 Edo State Governorship election.
The APC Critical Stakeholders led Hon. Emmanuel Godwin who made the call at a press conference in Abuja yesterday, insisted that Anamero Sunday Dekeri, popularly called Danco was the validly nominated candidate governorship at the party’s primary election held on Saturday.

Ganduje Succumbs to Presidency, Congratulates Idahosa
The National Chairman of the All Progressives Congress (APC), Abdullahi Ganduje, has congratulated Rep. Dennis Idahosa (APC-Edo) over his emergence as the party’s candidate for the upcoming governorship election in Edo State.
Ganduje said this in a statement by Edwin Olofo, his Chief Press Secretary on Sunday in Abuja following the primaries.
He also commended Governor Hope Uzodimma of Imo State, who was the Chairman of the APC Edo State Governorship Primary Election and Appeal Committee, for conducting a credible exercise.
“At this point, I want to call on all the aspirants to bury the hatchet and work for the interest of the party so that our party will emerge victorious,” he said.
Ganduje also commended the state APC stakeholders and assured them that the party would do everything possible to ensure that Edo State was delivered.Ugboajah-led committee sent to the state was the one recognised by law as returning officers, adding that Governor Hope Uzodinma does not have the power to return any aspirant as elected.

[Leadership]

The National Population Commission (NPC) has disclosed plans to digitise the registration of birth, death and other vital civil information in the country.

In a statement, NPC’s acting Director, Public Affairs, Nkoyo Nwakusor, said the move to stop manual registration was to enable self-service and assisted-service to the public to register vital events such as birth, still-birth, death, birth attestation, diaspora birth and death notification, marriage and divorce notifications, migration registration, vital certificate verification and hospital onboarding.

She noted that through VitalReg, a state-of-the-art digital application, there would be digital certificates in all cases and accessible verification platforms to registered organisations with a central management system (dashboard) that depicted and analysed collated civil registrations into vital statistics for proper planning and decision-making purposes.

The statement quoted the Chairman of NPC, Nasir Isa Kwarra, that the VitalReg marked a departure from the traditional paper-based recording of vital events to a state-of-the-art digital solution that conformed to international best practices.

On his part, the Chief Executive Officer and Managing Director of Barnksforte Technologies Limited, Adedayo Bankole thanked the commission and the federal government for the opportunity to provide the technology solution to digitalise civil registration and vital statistics in Nigeria, adding that they would continue to improve the application to boost efficient data generation in the country.

[DailyTrust]

The presidency has accused the candidate of the Peoples Democratic Party (PDP) at the 2023 general election, former Vice President Atiku Abubakar, of attempting to rubbish President Bola Tinubu’s foreign exchange policies.

In a statement released on Sunday, Special Adviser to President Tinubu on Information and Strategy, Bayo Onanuga said that the president’s meeting with the 36 state governors was centered around food security and rising cost of food across the country.

Naija News reports that he cleared that there was no discussion on the country’s currency performance at the forex market during the cause of the meeting.

The statement by Onanuga read, “Former Vice President, Atiku Abubakar, in an attempt to rubbish the foreign exchange policy of the Tinubu administration got his facts muddled up again. He also failed to prescribe a better Policy Option to what Governor Olayemi Cardoso and his team are executing at the apex bank.

“First of all, it was not true that President Tinubu’s meeting last Thursday with the 36 State Governors was centred on discussing foreign exchange crisis and currency fluctuation.

“What was discussed in the main was food supply and how to drastically reduce the food prices. The Minister of Information, Alhaji Mohammed Idris, gave a briefing about the meeting, revealing the highlights to State House Correspondents.

“One was that the meeting established a nexus between the state of security and the rising cost of food. Another was that hoarders are warehousing food, creating artificial scarcity and thus enabling the high cost of food items.

“The decisions at the meeting reflected the main points discussed: Forest rangers are to be strengthened and armed, while police are to recruit more men and the National Economic Council to deepen discussions about creating state police.

“President Tinubu also affirmed his approval for the release of 42,000 Metric tonnes of grains from the national reserve. Government is also in discussion with rice millers to get another 60,000 metric tonnes. President Tinubu said he does not support price control and importation of food. Nigeria, he believes, can grow enough food to feed its citizens and spare some for export.

“The present government is executing the cultivation of 500,000 hectares for wheat, maize, and rice, in many states. Governors are expected to participate in this programme, one of the reasons for last Thursday’s meeting.

“There was no deliberation as former VP Atiku claimed on currency fluctuation. As Alhaji Atiku should know, this is the business of the Central Bank, which has the autonomy to handle the country’s monetary policies. As a matter of fact, the President enjoined the governors, in passing, to allow the CBN do its work and refrain from dabbling into what is within CBN’s purview.

“If he would be true to himself and what actually transpired at the meeting, unlike the lies he spewed, we expected Alhaji Atiku to praise President Tinubu for maintaining this stance and for not interfering with the business of Central Bank.

“It is false and preposterous for Atiku to claim that CBN’s FX management policy was hurriedly put together without proper plans and consultations with stakeholders and that the apex bank is hamstrung by Tinubu’s government in implementing a sound FX Management Policy “that would have dealt with such issues as increasing liquidity, curtailing/regulating demand, dealing with FX backlogs and rate convergence”.

“Contrary to former VP Atiku’s claim, Cardoso’s CBN is implementing a raft of policies to stabilise the Naira and end volatility in the market and this is already yielding some positive results.

“Capital importation into the country is increasing, according to the latest NBS report. In the fourth quarter of 2023, Nigeria recorded a 66.27 percent increase in capital inflow, compared with Q3, before Cardoso’s arrival at CBN. In Q3, capital inflow was $654.65 million. It rose to $1.09 billion in Q4.
Alhaji Atiku will agree that the rise in capital inflow suggests massive investors’ confidence in Nigeria and the policy direction of the Tinubu administration.

“Juxtaposed with the policy options being implemented by the CBN, Atiku’s alternative of a controlled floatation of the Naira is similar to the policy of Godwin Emefiele, when an estimated $1.5 billion was spent monthly to shore up the Naira, while arbitrage or round tripping went on unhindered. Sadly, it was perpetrated by people close to the corridors of powers.”

Bayern Munich have decided not to fire Thomas Tuchel following a 3-2 defeat to Bochum on Sunday.

The result saw the Bundesliga champions slip eight points behind current leaders, Bayer Leverkusen.

It also meant Bayern could go trophyless for the first time in 12 years.

The loss to Bochum was their third defeat in a row across all competitions.

Following the game, Bayern cancelled Tuchel’s post-match press conference, leading to speculations that the former Chelsea boss would be dismissed.

However, Sky Germany reporter Florian Plettenberg has said Tuchel will remain in post and that he is refusing to resign owing to his desire to fight on.

The club’s CEO, Jan-Christian Dreesen, also insisted that the embattled head coach will not be dismissed.

“I feel rubbish. I don’t believe in big statements about the coach.

“This issue isn’t on our mind at the moment,” Dreesen said.

[DailyPost]

Hafiz Naeem ur Rehman, a Pakistani politician who was announced winner of PS-129 provincial election in Karachi, has given up his seat.

Pakistan held its national and provincial elections on February 8.

Rehman, who contested on the platform of the Jamaat-e-Islami party, said the election was rigged in his favour against independent candidate Saif Bari.

Bari is backed by Pakistan Tehreek-e-Insaf (PTI), former Pakistani Prime Minister Imran Khan’s party.

Rehman was named winner of PS-129 in the controversial national elections after polling over 26,000 votes.

The Jamaat-e-Islami candidate, however, said he discovered Bari’s votes were reduced from 31,000 to 11,000 when records of votes polled at individual polling stations were computed.

He said he would not accept an illegitimate victory, hence his decision to step down.

“If anyone wants to make us win in an illegitimate manner, we will not be accepting that,” Rehman was quoted as saying on Monday.

“Public opinion should be respected. Let the winner win; let the loser lose; no one should get anything extra.”

The polls were marred by allegations of interference and widespread fraud, but Pakistani electoral authorities have denied the claims.

It is yet to be announced who will take over Rehman’s PS-129 seat.

The Presidency and former Vice President Atiku Abubakar yesterday clashed over the economic policies of the Tinubu administration.

The Presidency faulted Atiku’s criticism of President Bola Tinubu’s handling of the foreign exchange crisis, accusing him of spreading lies about his policies without offering alternative approaches.

Atiku had chided the President, claiming that he hurriedly initiated his foreign exchange management policy without proper plans and consultation.

The former vice president and 2023 presidential candidate said the president has failed to showcase any concrete policy steps to contain the crises of currency fluctuation and poverty facing the country.

In a tweet  , Atiku said the wrong policies of the Tinubu administration have continued to cause untold pain and distress, adding that his administration has demonstrated a poverty of ideas.

Atiku said: “Tinubu’s new policy FX management policy was hurriedly put together without proper plans and consultations with stakeholders. The government failed to anticipate or downplayed the potential and real negative consequences of its actions

 “The government did not allow the CBN the independence to design and implement a sound FX Management Policy that would have dealt with such issues as increasing liquidity, curtailing/regulating demand, dealing with FX backlogs and rate convergence.

“I firmly believe that if and when the Government is ready to open itself to sound counsels, as well as control internal bleedings occasioned by corruption and poorly negotiated foreign loans, the Nigerian economy would begin to find a footing again.”

However, in a statement  by Special Adviser to the President on Information and Strategy, Bayo Onanuga, the Presidency said the claims by the former Vice President on the administration’s management of the foreign exchange market, were lies, which underscored his lack of understanding of the efforts being made and successes being recorded.

The Presidency said contrary to Atiku’s claims, indices on performances of the Central Bank of Nigeria (CBN), under Mr Yemi Cardoso’s watch, have shown that capital in-flows have continued to appreciate in the last quarter of 2023, in serious contrast to what was obtainable in the third quarter of the same year.

It said: “If he would be true to himself and what actually transpired at the meeting, unlike the lies he spewed, we expected Alhaji Atiku to praise President Tinubu for maintaining this stance and for not interfering with the business of Central Bank.

“It is false and preposterous for Atiku to claim that CBN’s FX management policy was hurriedly put together without proper plans and consultations with stakeholders and that the apex bank is hamstrung by Tinubu’s government in implementing a sound FX Management Policy ‘that would have dealt with such issues as increasing liquidity, curtailing/regulating demand, dealing with FX backlogs and rate convergence’.

“Contrary to former VP Atiku’s claim, Cardoso’s CBN is implementing a raft of policies to stabilise the Naira and end volatility in the market and this is already yielding some positive results.

“Capital importation into the country is increasing, according to the latest NBS report. In the fourth quarter of 2023, Nigeria recorded a 66.27 percent increase in capital inflow, compared with Q3, before Cardoso’s arrival at CBN. In Q3, capital inflow was $654.65 million. It rose to $1.09 billion in Q4.

“Alhaji Atiku will agree that the rise in capital inflow suggests massive investors’ confidence in Nigeria and the policy direction of the Tinubu administration.

“Juxtaposed with the policy options being implemented by the CBN, Atiku’s alternative of a controlled floatation of the Naira is similar to the policy of Godwin Emefiele, when an estimated $1.5 billion was spent monthly to shore up the Naira, while arbitrage or round tripping went on unhindered. Sadly, it was perpetrated by people close to the corridors of powers.”

According to the Presidency, claims by the former Vice President on discussions at last week’s meeting between President Tinubu and governors were misleading.

It said: “Former Vice President, Atiku Abubakar, in an attempt to rubbish the foreign exchange policy of the Tinubu administration got his facts muddled up again. He also failed to prescribe a better policy option to what Governor Olayemi Cardoso and his team are executing at the apex bank.

“First of all, it was not true that President Tinubu’s meeting last Thursday with the 36 State Governors was centred on discussing foreign exchange crisis and currency fluctuation.

“What was discussed in the main was food supply and how to drastically reduce the food prices. The Minister of Information, Alhaji Mohammed Idris, gave a briefing about the meeting, revealing the highlights to State House Correspondents.

“One was that the meeting established a nexus between the state of security and the rising cost of food. Another was that hoarders are warehousing food, creating artificial scarcity and thus enabling the high cost of food items.

“The decisions at the meeting reflected the main points discussed: Forest rangers are to be strengthened and armed, while police are to recruit more men and the National Economic Council to deepen discussions about creating state police.”

The statement added: “President Tinubu also affirmed his approval for the release of 42,000 Metric tonnes of grains from the national reserve. Government is also in discussion with rice millers to get another 60,000 metric tonnes. President Tinubu said he does not support price control and importation of food. Nigeria, he believes, can grow enough food to feed its citizens and spare some for export. “

“The present government is executing the cultivation of 500,000 hectares for wheat, maize, and rice, in many states. Governors are expected to participate in this programme, one of the reasons for last Thursday’s meeting.

“There was no deliberation as former VP Atiku claimed on currency fluctuation. As Alhaji Atiku should know, this is the business of the Central Bank, which has the autonomy to handle the country’s monetary policies. As a matter of fact, the President enjoined the governors, in passing, to allow the CBN do its work and refrain from dabbling into what is within CBN’s purview.”

[TheNation]

The suspended National Treasurer of the Labour Party, Ms Oluchi Oparah, has challenged the party’s National Chairman, Julius Abure, to give an account of the donations received from Nigerians in the Diaspora during the campaign tour of LP presidential candidate, Peter Obi, in the United States.

The PUNCH reported that the national leadership of the Labour Party sent Opara on a six-month suspension last week, following her claim that Abure diverted N3.5bn allegedly raised from the sale of nomination forms and fundraising activities in the build-up to the 2023 general election.

But Abure maintained that there was no N3.5bn raised, saying: “Total summary of the money that entered into the party was N1.3bn. We also got N800m for the campaign. I want to challenge her to make the records available where she got the sum of N3.5bn.”

But not backing down on her allegations, Opara, in a telephone interview with our correspondent on Sunday, asked Abure to give an account of the funds raised during the LP presidential campaign tour in the US.

Opara said, “Abure used the name of the party to raise funds during the United States campaign tour. They reflected in all the documents and tickets I printed out. We have the tickets for $500 and $100 in the name of the party. But Abure returned and didn’t drop a dime. We are talking about a man who uses proxy accounts to withdraw money from the party.

“Again, for 10 to 11 months, Abure has been the only one withdrawing the money. I don’t know how he does it, whether by forgery or other means. We are three signatories to the accounts but the third person, a former chairman, is dead now.”

When contacted, Abure denied any wrongdoing, saying Opara was merely out to tarnish his image.

He said, “We made changes to the account. That was how we were able to run the party from January 2021 to March 2021 when we had the NEC meeting in Benin, where I emerged as the national chairman of the party. All the money withdrawn between January and March 2021 was co-signed with the acting national chairman, Maria Lebeke.

“I was the national secretary at the time and there was no way I could have withdrawn from the account or any person could have withdrawn money without the co-signatory. We brought in the new acting chairman who co-signed all the cheques, Opara equally co-signed the cheques. So, changes of signatories were made and we needed to run the party, and a lot of activities of the party at that time were co-signed by Maria Lebeke, and it is obvious.”

[Punch]