FEATURES
Former President of Ghana, John Dramani Mahama, has been declared winner of the Saturday presidential election in the West African country.
The election has generated attention from across the globe, considering the pedigree of the contesters, especially the major front-runners.
Mahama’s contender who is also the Ghana’s Vice President, Muhammadu Bawumia, has since conceded defeat even before the official announcement was made by the country’s Electoral Commission.
In a phone call placed to Mahama, Bawumia said his decision to concede defeat was to ease tensions in the country which the election period had generated.
He added: “I am making this concession speech before the official announcement by the Electoral Commission to avoid further tension and preserve the peace of our country.
“It is important that the world investor community continues to believe in the peaceful and democratic character of Ghana.
“The people have voted for change at this time, and we respect that decision with all humility.”
As Mahama takes the reigns of power for yet another fresh term, here are things you should know about him.
Background
Mahama was born on November 29, 1958 into an active political family. His father, Emmanuel Adama Mahama, a parliamentarian, had served as regional commissioner during the stint of Ghana’s first President, Kwame Nkrumah.
School
John Mahama attended Achimota School in Accra and Ghana Secondary School in Tamale for his Primary and Secondary School education respectively. In 1981, Mahama enrolled into the University of Ghana where he obtained a bachelor’s degree in History and subsequently completed a postgraduate studies in Communication in 1986. After teaching high-school history for a few years, he moved further to acquire a postgraduate degree in Social Psychology from the Institute of Social Sciences in Moscow and obtained his certificate in 1988.
Career
After returning to his country, Mahama started pursuing his career line. He worked in Accra as the Information, Culture and Research Officer at the embassy of Japan until 1995, when he moved to Ghana office of Plan International as Manager of International Relations, Sponsorship, Communication and Grants.
Political Life
Mahama became active in politics in 1996 when he was elected into the Parliament under the National Democratic Congress (NDC), and was reelected in 2000 and 2004. At the Parliament, Mahama, who demonstrated high sense of commitment to his statutory roles, held various positions. Between 1998 and 2001, he was Minister of Communications. He was later selected as the running mate of John Evans Atta Mills in the December 2008 presidential election, which they won and were inaugurated on January 7, 2009. But Mahama later became President following the demise of Mills in 2012, who died months before the expiration of his tenure.
During the following round of election, Mahama was selected to be the flag bearer of his party, the NDC, in the country’s presidential election. He was declared winner of the December 2012 election with 50.7 percent, defeating his close rival, Nana Addo Dankwa Akufo-Addo of the New Patriot Party (NPP), who polled 47.74 percent.
Dissatisfied with the election results, Akufo-Addo filed a petition before the Supreme Court, citing election fraud. But in August 2013, Akufo’s suit was dismissed and Mahama’s victory upheld.
Mahama’s Days as President
During his time as Ghana’s President, Mahama faced challenges when the country’s economy dwindled. With falling global prices on Ghana’s primary exports, increasing debts, power outages, increasing costs associated with public wage, Ghana’s economy was impacted negatively and that unfortunate development put Mahama on a rather disadvantaged position, politically.
Mahama camme under heavy criticisms when his countrymen accused him of not effectively handling the nation’s affairs. Power shortages which affected the country and impacted the economy albeit in a negative way earned the then President a nickname of “Mr. Dumsor, dum-sor” which meant “off-on” in the Twi language, describing the incessant power cuts.
Mahama’s days at the Presidency ended in December 2016 when he was defeated by Akufo-Addo in the presidential election that was contested by many candidates.
Mahama, however, conceded and handed over the reigns of power to Akufo at the end of his (Mahama’s) tenure in January 2017.
Mahama also contested the Ghana’s 2020 election but lost to Akufo-Addo, the victory the former challenged at court, citing irregularities. Mahama’s petition was, however, dismissed in March 2021.
The Comeback
Determined in his cause, Mahama, who remained active in the Ghana’s political space, was once again made the flag bearer of the NDC in the December 2024 presidential election. Mahama, who contested the election along with 12 other candidates, was declared winner of the election.
The former House of Representatives Appropriation Committee Chairman, Faruk Lawan, has stated that he is now a better person.
Recall that Lawan had served five years in prison for receiving a $3 million bribe from oil magnate, Femi Otedola.
Speaking on Saturday during his visit to Shanono/Bagwai Federal Constituency, in a crowded convoy of political supporters, Lawan said, “Today, I am a better person, and I thank God for everything. My visit is not political but rather to pay condolences, sympathize with the sick, and pay homage to our fathers and traditional leaders.”
Speaking further, Lawan, who was dressed in Kwankwasiyya white-red cap attire, stated he is freelancing in politics and presently does not belong to anybody.
He was received by the District Head of Bagwai in Bagwai Local Government, Alhaji Nura Shehu Ahmad, the Magajin Rafi of Kano, who described Faruk Lawan’s incarceration as “a blessing in disguise” for him and his supporters.
He said, “Today, many of us here who were once your enemies have turned into not only your supporters but your loyal supporters, with a deep understanding of who Faruk Lawan truly is and his passion for his people.”
The District Head noted, “Even when Faruk Lawan was in prison, he still connected with us in all facets of life. He supported the needy among us, inquired about everyone, and sent messages to many of us. We really thank you and cherish you.”
The chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele, has clarified that the recently proposed tax reform bills do not include any provision for an inheritance tax.
He made this disclosure via his X (formerly Twitter) handle, dispelling speculation about such a tax in Nigeria’s fiscal policy.
According to Oyedele, the inheritance tax was abolished in Nigeria in 1996 following the abrogation of the Capital Transfer Tax Decree.
He explained that inheritance represents a one-time transfer of wealth, either as a gift during the giver’s lifetime or upon their death, and differs fundamentally from recurring income subject to taxation under the proposed tax reforms.
“Inheritance tax is a one-time wealth transfer. Unlike inheritance tax, family income covered under the tax bills is expected to recur from time to time,” Oyedele stated.
He further highlighted the provisions of Section 4 of the Nigeria Tax Bill, which defines taxable income. Section 4(3), in particular, addresses taxable income earned by families, stressing that inheritance itself is not taxable under the bill. This approach aligns with existing tax laws, including Section 2(5) of the Personal Income Tax Act (LFN 2004 as amended).
Oyedele elaborated on the taxation of family income, noting that “In the case of income of a family recognised under any law or custom in Nigeria as family income, in which the several interests of individual members of the family are indeterminate or uncertain, tax may be imposed only by the territory in which the member of that family who customarily receives that income in the first instance in Nigeria usually resides.”
He also explained that individual earnings are subject to tax, and when groups such as partnerships, communities, or families earn taxable income collectively, they cannot claim exemption simply because they operate as a group.
“The income will therefore be taxed in the hands of individual members where their respective shares can be determined; otherwise, the group will be collectively taxed. This ensures equity and prevents a potential loophole in the tax law,” Oyedele said.
The clarification reinforces the government’s commitment to maintaining transparency and equity in Nigeria’s tax system, while also addressing misconceptions about the scope and implications of the proposed tax reforms
Actor and film director, Ibrahim Chatta, has addressed the long-held notion that he is underrated in the movie industry.
In a recent appearance on the ‘Talk To B’ podcast, Chatta confidently asserted that he is one of the highest-paid Yoruba-speaking actors in Nigeria.
“A lot of time some people say Ibrahim Chatta is underrated. No, I’m not. I’m one of the highest-paid Yoruba-speaking actors in Nigeria,” he said.
Chatta recounted his humble beginnings in the entertainment industry, revealing that he started as a studio rat, creating promotional jingles and movie soundtracks for over 400 films and firms.
According to him, his determination and perseverance ultimately paved the way for his success in the industry.
“I gave myself responsibility because I discovered it would make me stronger.
“At a point, I told my mum that I was comfortable and that she shouldn’t bother sending me foodstuffs.
“But I wasn’t comfortable. So, I would work for about a week or two as a bus conductor and get somebody to Kwara to give my parents foodstuffs so they would rest assured of my well-being.
“Then I got lucky and I started writing and composing movie soundtracks. I did movie soundtracks for over 400 films, I did promotional jingles for over 400 firms.
Nigeria’s former Vice President, Atiku Abubakar, has congratulated John Mahama on his victory in the recently concluded election in Ghana.
Naija News reported earlier that the candidate of the ruling party in the Ghana presidential election, Mahamudu Bawumia, on Sunday conceded defeat to former President, John Mahama, following the outcome of the Saturday, December 7, election.
In a post via his official X handle on Sunday, Atiku congratulated Mahama, describing the outcome as a landslide victory.
“Your Excellency, Mr. President-elect John Mahama, @JDMahama. My warmest congratulations on your victory. I was told you were on your way to church and thought I could catch up with you before you entered the church for the Sunday service. Once again, kindly accept my hearty congratulations on your landslide victory,” Atiku wrote on X.
Earlier, Ghana‘s ruling New Patriotic Party candidate, Bawumia, called his opponent, John Mahama, to extend his congratulations.
“The people of Ghana have spoken, the people have voted for change at this time and we respect it with all humility,” he said in a press conference.
Mahama has also acknowledged on his X account that he had received a congratulatory call from Bawumia.
Ghana‘s ruling New Patriotic Party candidate, Vice President Mahamudu Bawumia, announced on Sunday that he had accepted his defeat in the recent presidential election.
Naija News understands that Bawumia has pushed a phone call to his opponent, John Mahama, to extend his congratulations.
“The people of Ghana have spoken, the people have voted for change at this time and we respect it with all humility,” he said in a press conference.
Mahama acknowledged on his X account that he had received a congratulatory call from Bawumia.
The Vice President remarked that Mahama had secured the presidency “decisively,” along with the opposition NDC party’s victory in the parliamentary elections, based on the ruling NPP party’s internal vote count.
Bawumia faced challenges in distancing himself from the criticism regarding the government’s management of Ghana’s economic crisis and the rising cost of living, which emerged as the primary issue during the election.
Meanwhile, Ghana’s Communications Minister, Ursula Owusu-Ekuful, has been defeated in her bid for re-election in the Ablekuma West constituency by Reverend Kweku Addo of the National Democratic Congress (NDC).
Ursula, who has held a parliamentary position since 2012, received 26,575 votes, whereas Reverend Addo emerged victorious with 31,866 votes. The results were confirmed by the returning officer from the Electoral Commission of Ghana (EC), indicating a total of 58,441 valid votes cast.
Additionally, Tourism Minister Andrew Egyapa Mercer, a notable member of the New Patriotic Party (NPP), also lost his parliamentary seat in the Sekondi constituency to Blay Nyameke Armah of the NDC.
Mercer, who had been the representative for the area since 2016, garnered 11,084 votes, while Armah achieved 14,558 votes.
In his acceptance speech, Armah expressed gratitude to his constituents, declaring, “This victory belongs to the entire constituency, and we will work together to revitalize Sekondi.”
Furthermore, Interior Minister Henry Quartey was defeated in the Ayawaso Central constituency by Abdul Rauf Tubazu of the NDC. Quartey, who previously served as the Greater Accra Regional Minister, received 23,345 votes, while Tubazu claimed victory with 29,755 votes.
Tubazu conveyed his enthusiasm regarding the win, stating, “This victory is gratifying, and we are committed to serving the people.”
The House of Representatives Committee on Constitutional Review is currently evaluating a proposal aimed at amending the 1999 Constitution to restrict the number of ministers appointed by the president to 37.
This proposal, titled “A Bill for an Act to Amend the Constitution of the Federal Republic of Nigeria, 1999 to Streamline the Number of Ministers to be Appointed to the Federal Executive Council,” is presently under consideration by the committee, which Deputy Speaker Benjamin Kalu chairs.
Naija News reports that the bill is sponsored by representatives from the Darazo/Ganjuwa and Kaga/Gubio/Magumeri Federal Constituencies of Bauchi and Borno states, respectively.
The bill aims to revise Section 147 (1) of the Constitution to state, “There shall be such offices of Ministers of the Government of the Federation, not exceeding 37, as may be established by the President.”
It is worth noting that the Federal Executive Council under President Bola Tinubu currently consists of 45 ministers, including substantive ministers and Ministers of State.
Traditionally, the Nigerian president appoints a minister from each of the 36 states of the federation while also allowing for additional appointments based on various considerations in the formation of the cabinet.
“The bill seeks to alter the Constitution of the Federal Republic of Nigeria, 1999, to specify the maximum number of ministers to be appointed to the Federal Executive Council to address duplication of duties, minimise the cost of governance, and enhance efficiency to service at the federal level,” the Bauchi lawmaker, Mansur Soro said during an interview with The PUNCH.
“We need to reduce the cost of governance and address inequality in the number of ministers to be appointed from each state and cases of overlapping mandates of ministers. In my opinion, a minister per state is enough while also considering the Federal Capital Territory,” he added.
The lawmaker elected on the platform of the Peoples Democratic Party (PDP) expressed disagreement with the notion that the president has the authority to appoint more than two ministers from a single state in order to include technocrats.
The President has numerous other key government agencies and additional ministerial parastatals available for the inclusion of technocrats or politicians. Currently, Ogun State is represented by four ministers, while other states have only one each.
The lawmaker questioned the fairness of this situation.
In a related matter, the committee led by Kalu is deliberating on a proposed bill aimed at amending Section 62 of the Constitution to ensure adherence to the federal character principle in the selection of principal officers within the National Assembly.
The former Governor of Niger State, Babaginda Aliyu, has slammed governors who blame Federal Government for the security challenges in their states.
He argued that no competent governor would cry to the Federal Government over insecurity.
The erstwhile governor stated this at the graduation ceremony for the Executive Intelligence Management Course 17 at the National Institute for Security Studies in Abuja, on Saturday
According to him, “no competent governor should “cry” to the centre anytime there is a security challenge.”
He questioned how the governors used their security votes and the actions they took on security reports provided for them.
Aliyu said, “By the time I became governor of Niger state, for me, I knew their (DSS) importance. So I related very well with the department. Every day I read their reports, and they helped me tremendously.
“They helped me dislodge bandits. They suggested that I hire a helicopter to go around the boundaries of my state.
“I did, and it helped. So please, if any governor complains to you that he’s not in charge of security, he’s either a liar or incompetent or does not know what he’s doing. Many of them who complain do not even read the reports.
“I was aware, as chairman of Northern Governors Forum at that time, that some of them appointed some people that they were sending the reports to. I made sure I read every report. And if in two days I don’t see a report, I would call. You cannot go on blaming the federal government when you are in a position to do so many things.
“Why the security votes? Where does it go if you have to complain to the federal government? The security votes are there for you to assist the security agencies to do their job in your area.”
The former governor also took a swipe at those against the Tax Reform Bills, urging them to read the documents.
Aliyu also criticised the government for poor communication about the policy, adding that the citizens needed to understand that no policy benefits everyone equally.
He said, “Many of the people debating the tax bill have not read it. But again, there is the problem of communication, the government should speak more when the majority of the people are not literate. You should be the first to speak on any major policy, particularly a policy that will bring changes so that the people can understand.”
Commercial Agric: Oyebanji Presents N146 Million Compensation Cheques To 46 Landowners At Oke Ako
Admin
...Lists Ecomomic Gains of utilizing land for agriculture
Ekiti State Governor, Mr. Biodun Oyebanji, on Saturday handed out cheques to the tune of N146 million as compensation to 46 indigenes of Oke Ako Ekiti whose land were acquired for commercial agriculture.
A total 4,000 hectares of land was allocated to young farmers in the “Bring Back the Youth in Agriculture” scheme done in partnership with an investor, YSP Farm in Oke Ako. The project is aimed at boosting agribusiness, engage youths in commercial agriculture and open up the community and its environs for wealth creation.
Also, different range of tractors and processing equipment were inaugurated by the Governor for use by the young farmers.
The event coincided with the dry season harvest by the participants in the “Bring Back Youths in Agriculture” programme of the state government in partnership with YSJ Farms Limited.
Speaking shortly before distributing the cheques, Governor Oyebanji said he was satisfied with the takeoff of the agribusiness project despite the initial delay witnessed in a bid to resolve some issues around land acquisition.
He explained that the payment of the compensation was delayed to allow for the conclusion of enumeration of economic trees that were affected by the acquisition noting that the second round of the enumeration exercise would soon commence to pay compensation to more landowners.”
While noting that Oke Ako is an integral part of the Ekiti State Special Agriculture Processing, the Governor stressed that the centre is a great economic asset capable of becoming a hub for training of tractor drivers, assembling and repairs of tractors with expatriates on ground to train the youths.
The Governor lauded the Oke Ako community led by the Regent, Princess Tinuade Ogunbiyi for their cooperation with his administration, said commercial agricultural activities would attract rehabilitation and reconstruction of roads, provision of health facilities and establishment of cottage industries capable of turning around the economy of the axis.
The Governor charged the people of the area to support YSJ Farms Limited led by Mrs. Yemisi Joluwe, who is partnering with the state government on the agriculture development project.
He explained that his administration would always provide the enabling environment for investment opportunities,empowerment of the youths and development of the grassroots economy to thrive in every part of the state.
The Governor also noted that kidnapping and other criminal activities have reduced remarkably in the area as most of the forests that served as hideouts have been cultivated under the agribusiness scheme involving the youths.
"What we are doing here today is another promise we have kept in ensuring that compensation is paid to our citizens whose land were acquired for commercial agricultural purposes.
"We are paying them the compensation for the economic trees lost to the acquisition process and for them to use the money to get another land for the continuation of their farming so that they will not be denied of their means of livelihood.
"For development to get to any place, it will be accompanied with some pains. It's just like a woman who is giving birth to a baby, she will have to endure pain after which the pain will be overshadowed by the joy of the birth of a new baby.
"Before we remove the remaining economic trees, we will pay compensation to the owners and the presence of large scale commercial farming will bring many positive things. Factories, schools and hospitals will spring up here while we can also have tractor assembling and engineering hub."
Speaking earlier, the Commissioner for Agriculture and Food Security, Mr. Ebenezer Boluwade, said the commitment of the Governor made the payment of compensation possible.
He added that the personal appearance of the Governor bore eloquent testimony to his commitment to the growth of agriculture and ensuring food security in the state.
The Special Adviser to the Governor on Lands, Survey and e-GIS, Prof. James Olaleye, said the sacrifices of the landowners would go a long way in turning Ekiti into a leading agricultural centre in Nigeria.
He pointed out that the Bureau of Lands under his watch has been working tirelessly to ensure that land administration practices align with the vision of economic growth and food security.
The Regent of Oke Ako, Princess Ogunbiyi, hailed the Governor for attracting the investor to the community pledging the unflinching support of her people to the smooth operations of the farms.
The Federal Government has set aside N700bn from the federation account for the implementation of the distribution of free electricity meters under the Presidential Metering Initiative, according to the Special Adviser to the Minister of Power on Strategic Communications and Media, Bolaji Tunji.
In a chat with The PUNCH on Friday, he noted that the PMI was on course with a target to deliver two million meters yearly.
He revealed that the amount reserved for the project had reached N700bn and procurement had started.
He said, “The Presidential Metering Initiative is still on course. Two million meters every year, delivery of the first batch will start by the first quarter of next year. About N700bn provision has been made, and the money is ready.”
The special adviser further revealed that the government would fulfil its promise to deliver 1.3 million electricity meters out of the 3.2 million meters under the World Bank Distribution Sector Reform Programme initiative this month.
“The DISREP programme will commence this month,” he noted.
However, an analysis of the Federal Account Allocation Committee meeting minutes obtained by our correspondent between April and August showed that the government had saved N420bn from a monthly deduction of N100bn.
The amount deducted from the monthly federation revenue before allocation to the three tiers of government was aimed at bridging the metering gap in the country, which currently stands at 50 per cent.
Recall that N120bn was deducted from April revenue as the first tranche for the PMI, bringing the amount deducted from the federation account for the initiative as of August to N420bn.
In May, the Minister of Power, Adebayo Adelabu, said that the government would provide an initial N75bn as seed capital while the Nigerian Sovereign Investment Authority pledged to inject N250bn annually for the initiative.
The minister also disclosed that the initiative would leverage debt financing from diverse financial institutions to bolster the PMI’s resources.
The Managing Director of Abuja Distribution Electricity Distribution Company, Mr Victor Ojelabi, recently said that the PMI would unlock about N1tn in revenue currently tied up in the Nigerian Electricity Supply Industry due to a large number of unmetered customers.
Under the initiative, the Nigerian Electricity Regulatory Commission announced the approval of N21bn for the 11 electricity Distribution Companies to provide meters for end-use customers at zero cost.
The Distribution Sector Recovery Programme is a comprehensive initiative aimed at addressing the challenges and inefficiencies within Nigeria’s electricity distribution sector.
Recently, the NERC acknowledged that the country’s metering gap remains substantial despite installing 3.03 million meters since privatising the power sector in 2013.
It said 6.15 million out of 13.33 million registered customers had been metered, bringing the metering rate to 46.14 per cent in 2024.
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Dele Farotimi: Anxiety as activists dare police, threaten to protest in Ekiti, Lagos, Abuja, UK
AFOLABI
…over author’s detention
The determination of the police to stop activists from protesting the continued detention of human rights lawyer, Dele Farotimi, is creating deep anger.
Despite Ekiti State Police Command’s claim that the decision to prohibit the planned protest was reached to ensure the safety of lives and property in the state, activists have refused to back down and declared Tuesday, December 10 as their preferred day.
In fact, the activists have threatened to extend the demonstration to Lagos, Abuja and the United Kingdom to draw attention to what they termed the illegal arrest, detention and trial of Farotimi.
Ever since officers from the Ekiti State Police Command arrested Farotimi following a defamation petition filed by Chief Afe Babalola, SAN, various individuals and organisations have expressed sadness over the development.
Among them is the Nigerian Bar Association, NBA, which argued that the offence for which Farorimi was arrested had been decriminalised under the Criminal Law of Lagos State 2011, disclosing that defamation as a criminal law was repealed by the Supreme Court in a case between Aviomoh v. Commissioner of Police & Anor (2021) in 2021.
The rights lawyer, in his book: ‘Nigeria and its Criminal Justice System,’ had alleged that Babalola corrupted the Supreme Court to procure a fraudulent judgement in the service of his clients.
Bail application
Unconcerned, the presidential candidate of the African Action Congress, AAC, in the 2023 general elections, Mr Omoyele Sowore, and other rights activists in London have planned a protest for Tuesday when the court hearing of bail application filed by Farotimi’s legal team is schedule to sit.
Although the Police Public Relations Officer of the state’s command, DSP Sunday Abutu, in a statement, said: “any form of unlawful gathering, demonstration or protest is unacceptable as the intelligence report available has it that some unscrupulous individuals have planned to hide under this protest to hijack it and unleash mayhem and create apprehension in the state,” Sowore urged Nigerians to use the demonstration in calling for Farotimi’s release.
Venue
The publisher of Sahara Reporters said this via his X, formerly Twitter, noting that the point of convergence in Abuja will be the Ministry of Justice and Federal High Court, Abuja; Ekiti convergence point is the Police Headquarters Ado-Ekiti ; convergence point in Lagos will be the Afe Babalola Chambers at Emmanuel House, Plot 1, Block 4, CMD/Jubilee Road, Magodo; and meeting point at the United Kingdom is King’s College London.
Sowore stated: “The @PoliceNG can’t ban protests anywhere; we are getting loads of Nigerian citizens to shut down Ado-Ekiti on December 10, 2024, from 7 am. Buses are ready for those coming from out of state.
#FreeDeleFarotimiNow 1. Abuja convergence: Ministry of Justice and Federal High Court, Abuja 2. Ekiti parapo convergence: Police Headquarters Ado-Ekiti 3. Lagos convergence: Afe Babalola Chambers, Lagos Address: Emmanuel House, Plot 1, Block 4, CMD/Jubilee Road, Magodo GRA, Lagos 4. London UK CONVERGENCE: King’s College London Address: Strand, London, WC2R 2LS global online and offline revolt against the nigerian judiciary! Date: December 10, 2024. Time: 7 AM West African Time.”
Days after the Central Bank of Nigeria ordered Deposit Money Banks to guard against artificial cash scarcity in the country, findings by Sunday PUNCH revealed that the trend still persists in some parts of the country.
In a circular dated November 29, jointly signed by Acting Directors Solaja Olayemi (Currency Operations) and Isa-Olatinwo Aisha (Branch Operations), the CBN outlined measures aimed at improving cash availability.
According to the circular, the CBN directed banks to ensure efficient cash disbursement through both Automated Teller Machines and over-the-counter channels, warning of penalties for non-compliance.
The apex bank also urged customers experiencing challenges to report incidents with details such as account name, bank name, transaction amount, and date. Dedicated phone numbers and email addresses were released for Nigerians to report difficulties accessing cash.
However, as of Friday, Nigerians in some major cities told Sunday PUNCH that they still experienced significant difficulty obtaining sufficient cash over the counters and at ATMs in some commercial banks.
An Abuja resident, who declined to be named, said his bank only dispensed N5,000 over the counter on Friday.
When asked whether this was a bank-wide directive, she stated that it might be due to the limited cash available, adding that customers were often advised to use ATMs.
He said, “As of Friday, it was just N5,000. But if the ATM is loaded, you can withdraw as much as it dispenses. That’s probably all the bank could afford on Friday. Most times, customers are advised to use the ATM, which dispenses fresh mints.”
Similarly, a United Bank for Africa customer in Abuja said his bank dispensed N20,000 over the counter, while ATMs dispensed N20,000 to customers and N10,000 to customers of other banks as of Friday.
A Zenith Bank official in Delta State revealed that their branch paid a maximum of N20,000 to customers, both over the counter and through ATMs.
“It’s N20,000 maximum. The ATM also dispenses N20,000,” she stated.
A Lagos resident, Tunde Ajiboye, shared on Facebook that he withdrew N20,000 from a GTBank ATM in Ikorodu and later withdrew another N30,000 over the counter at Lotus Bank, also in Ikorodu, on Friday afternoon.
In Akure, Ondo State, the cash crunch was also pronounced. A resident, Oluwaseyi Oluwalade, said he visited an ATM terminal in Akure but couldn’t withdraw any cash.
“I rushed to a PoS operator, but I still didn’t get cash. I was asked to make a transfer, which I did on Friday, but I could only collect the cash on Saturday afternoon,” he lamented.
Another Akure resident, Adeniyi Samuel, who works for OPay, confirmed complaints from PoS operators about insufficient cash in banks.
“Many of our operators rely on filling station attendants or BDC operators to get cash because banks give very little over the counter or at ATMs,” he explained.
In Imo State, residents also decried withdrawal limits.
A resident, who asked to be identified only as Onyekachi, said, “We cannot withdraw more than N20,000 in the banking hall. You spend so much time, only to be given a maximum of N20,000. It’s frustrating.”
A similar scenario unfolded in Abia State, where banks limited withdrawals to between N5,000 and N20,000. ATMs dispensed as little as N5,000 to non-customers and N10,000 to customers.
In Kwara, residents also struggled to access cash.
Ibrahim Taiwo, a resident of Ilorin, said banks paid a maximum of N10,000 over the counter and N40,000 at ATMs. He noted that PoS operators increased their charges by N50 across withdrawal amounts.
In Osun and Oyo states, withdrawal limits varied between N10,000 and N50,000, depending on the bank and location.
Reacting to the situation, a source at the CBN accused some banks of favouring high-end customers by giving them bulk cash at the expense of ordinary Nigerians. The source assured that the CBN was committed to penalising erring banks.
However, a banker in Ogun State accused the CBN of being insincere, claiming, “The amount given to us is not enough to load ATMs for two days.”
A Polaris Bank staff member in Lagos linked the scarcity to the naira redesign policy under former CBN Governor Godwin Emefiele. He noted that the policy destroyed old naira notes but failed to replace them with adequate new notes, leading to persistent scarcity.
“People are skeptical about depositing money in banks, fearing a repeat of last year’s issues. This is affecting the availability of cash,” he concluded.
The National President of Association of Mobile Money and Bank Agents in Nigeria, Fasasi Atanda, accused petrol stations, supermarket operators, traders, and other businesses that handle large volumes of cash daily of contributing to the current cash scarcity.
Atanda alleged that instead of depositing their cash earnings into banks as expected, those entities hoarded the money and sold it at inflated rates to cash dealers.
“There is no reason for cash scarcity if there are no saboteurs. There is cash commoditisation. Today, we have saboteurs who are dealing in the sale of cash. They sell cash in bulk; they have their sources, and they buy in bulk and sell. What you can’t get in the banks, you will get from cash dealers.
“We are aware of petrol stations, restaurants, supermarket operators, and others selling their cash instead of depositing it in banks.
“People often wrongly accuse agents of selling cash. Agents are not selling cash, we are servicing the people and the charges are for the cost of data and transportation. In reality, if the government can take care of these costs, agents can render their services free of charge,” Atanda said.
He urged the CBN to engage PoS operators as official agents of cash distribution, adding that this would address the challenge of cash scarcity in the country.
The acting Director of Corporate Communications for the CBN, Mrs. Hakama Sidi Ali, did not respond to calls and a text message sent to her phone as of press time.
The Nigerian Medical Association (NMA) has called for a minimum remuneration benchmark for medical doctors to curb the mass migration of health professionals seeking better conditions abroad.
Speaking on Saturday after the 3rd National Health Summit (NHS) and the group’s National Executive Council (NEC) meeting in Abuja, the NMA President, Prof. Bala Audu, emphasized the urgent need for standardized pay, improved welfare packages, workplace security, and health insurance to retain doctors and improve health outcomes.
Highlighting disparities in doctors’ pay across states and institutions, the NMA urged the government to ensure fair remuneration while raising concerns about the lack of motivation and mentorship for younger professionals, advocating for an appropriate reward system to sustain the workforce.
He said, “It is a strategy to help Nigeria retain its critical health care workforce and prevent the ongoing ‘japa’ syndrome.
“What it seeks to do is to ensure that every registered doctor who is licensed by the Medical and Dental Council of Nigeria (MDCN) has a minimum remuneration benchmark that you cannot go below, whether the individual is employed in the public sector or in the private sector.
“And even in the public sector, whether the individual is employed by federal, state or local government, and even within those sectors, whether the individual is employed in a primary health sector, hospitals or in other departments and agencies that require the services of a doctor, such as university lecturers, and others such as customs and other security agencies who employ doctors.
“Everyone must comply with that minimum benchmark. It will produce stability, so this is the essence.
“This initiative is also aiming to tackle internal brain drain, where doctors don’t want to serve in local governments, because the pay package is not as good as in state governments, or where some doctors leave state government hospitals to go and work in federal hospitals when they are needed more in the state hospitals.”
The NMA Chief also stated that the Summit underscored the urgent need for an integrated clinical governance mechanism across all health facilities to improve accountability and outcomes.
Addressing policy implementation, the Summit noted the partial and non-enforcement of provisions in the National Health Act (NHA), Audu emphasizing that “Specifically, it advocated for issuing certificates of standards to hospitals as a means to enhance public confidence in healthcare services.
The Federal government has assured that the President Bola Tinubu administration will never do anything to undermine the ideals of participatory democracy in pushing for its transformative reform agenda.
The Minister of Information and National Orientation, Mohammed Idris, stated this on Saturday at the 2024 Annual Public Lecture/AGM and Awards organised by the Kaduna State Chapter, Nigerian Institute of Public Relations, NIPR.
The event held on the theme ‘Tax Reform: The Role of Public Relations in Fostering Constructive Dialogue for National Economic Renaissance’.
He said the administration has also been very clear that the Executive will listen to, and work with, all stakeholders to ensure that all concerns are duly and comprehensively addressed.
“The theme for the public discuss, ‘Tax Reform: The Role of Public Relations in fostering Constructive Dialogue for National Economic Renaissance’, has brought to the fore, yet again, the place of constructive dialogue as a vital pillar of democracy.
“Society advances by mutually respectful engagements, where we give voice to diverse opinions, and respect those who we disagree with.
“We will certainly not always agree on all issues, perhaps not even on most. But we will always be guided by the fact that the things that unite us, our common humanity, our nationhood, our sense of patriotism, our collective vision for a Nigeria that works for all, will always be more important and more meaningful than our differences of age, religion, region, ideology, gender, culture, and social class.
“The topic before us today is a sensitive yet important and inescapable one: taxation. All over the world, effective taxation is important as a source of financial power for governments to provide social services for their citizens.
“However, there is plenty of reason to believe and assert that Nigeria’s tax administration system has become long overdue for reform, on account of design and implementation flaws as well as the general attitudes of taxpayers toward taxation.
“In light of this, the ongoing review of the country’s tax laws and realities is timely and crucial, especially as part of a larger set of macroeconomic reforms aimed at setting the country on an irreversible path of growth and development.
“The full details of the new tax bills are available in the public domain. One must commend the Presidential Committee on Fiscal and Tax Reform for an excellent job in this regard, in terms of public engagement so I will not attempt to go over these details again here.
“What I will say is that it is very inspiring and heartwarming to see Nigerians from all walks of life coming out to express their views and opinions on these matters of critical national importance, as such is the very essence and meaning of democracy.
“In spite of the challenge of trust deficit that tends to crop up around matters of governance in Nigeria, we have still been able to have what can be adjudged as robust debate on this sensitive issue.
“President Tinubu has also been very clear that the Executive will listen to and work with all stakeholders to ensure that all concerns are duly and comprehensively addressed.
“We will continue to ensure open lines of communication and engagement with the National Assembly and all other stakeholders on these taxation bills.”