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Naira Swap: House Committee Rejects Extension, Threatens Emefiele’s Arrest

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The House of Representatives Ad hoc Committee on new naira re-design and naira swap policy has added a new twist to the controversy surrounding the deadline for the validity of old notes by rejecting the ten days extension granted by the Central Bank of Nigeria for the exchange.

The committee described the extension as a mere political gimmick to further deceive Nigerians and worsen their economic and social livelihood

Recall that the CBN had earlier fixed January 31 as the deadline for the exchange of N200, N500 and N1000 old naira notes.

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READ ALSO: BREAKING: CBN Extends Old Naira Deadline

The CBN governor, Godwin Emefiele, however on Sunday said the President, Major General Muhammadu Buhari (rerd.), gave permission for the deadline to be extended till February 10.

But the Ad hoc Committee, chaired by the Majority Leader, House of Reps, Alhassan Doguwa, in a statement on Sunday in Abuja, rejected the extension, insisting that the CBN must comply with sections 20 sub 3, 4, and 5 of the CBN Act.

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The Lower House, had during its sitting on Tuesday, last week, following the outcry by Nigerians, constituted the Ad hoc committee to look into the issue.

Doguwa said, “The 10-day extension for the exchange of the old naira notes is not the solution. We as a legislative committee with a constitutional mandate of the House, would only accept clear compliance with Section 20 Sub-section 3, 4, and 5 of the CBN Act and nothing more.

“Nigeria as a developing economy and a nascent democracy must respect the principle of the rule of law. And the House would go ahead to sign arrest warrant to compel the CBN Governor to appear before the Ad hoc committee.”

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According to him, under his chairmanship, the committee would continue its work until it gets the demands of Nigerians addressed in accordance with the laws of the land.

READ ALSO: Why Buhari Approved Old Naira Deadline Extension — Emefiele

While describing the extension as a mere political gimmick to further deceive Nigerians and worsen their economic and social livelihood, Doguwa said the CBN governor must appear before the House or stand the risk of being arrested on the strength of legislative writs to be signed by the Speaker on Monday.

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He also said the policy was capable of frustrating the forthcoming general election.

“Security agencies and their operations especially at the state level are generally funded through cash advances and direct table payments of allowances to operatives during elections,” he said.

 

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Group Defends VC Selection At FUGUS, Alleges Sabotage By Petitioners

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A Civil society organisation, Kwararafa League for Good Governance has raised the alarm over what it described as a coordinated attempt to undermine the ongoing process of appointing a new Vice Chancellor at the Federal University, Gusau (FUGUS), Zamfara State.

In a strongly worded petition addressed to the Honourable Minister of Education, Dr Tunji Alausa, the group condemned a recent lawsuit filed at the National Industrial Court, Abuja, by three academic staff of the university, namely Professors Ahmad Galadima, Ibrahim Garba Zurmi, and Dr. Anas Sani Anka, against the university’s Governing Council and Management.

The petitioners had challenged the Council’s adoption of a minimum of ten (10) years post-professorial experience as requirement for applicants vying for the position of Vice Chancellor, a criterion they argued was designed to disqualify certain candidates.

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In a counter petition to the education minister, the Kwararafa League insisted that the criterion was valid and aligns with directives issued by the Federal Ministry of Education and the National Universities Commission (NUC), particularly a pronouncement made by the Minister in May 2025, which emphasises on adherence to this standard by all university councils.

READ ALSO:NDLEA Intercepts 174 Parcels Of Cocaine Hidden In Body Cream Containers

It is important to note that for the fact that some universities refused to abide by the directive does not make it legal or constitutional,” the group stated in the petition signed by its coordinator, Samuel Bature.

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The group also accused the petitioners of pursuing selfish agenda and attempting to destabilize the institution.

They alleged that the Pro-Chancellor, Hon. Aminu Sani Isaac, may have prior connections to one of the claimants who reportedly received informal assurances of being appointed Vice Chancellor despite not meeting the advertised requirements.

Describing the lawsuit as “baseless and malicious,” the group maintained that the university has operated in full compliance with applicable laws and guidelines, and called on the minister not to recognise or support the ongoing legal challenge.

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READ ALSO:Russian Strikes Kill Five In Ukraine, Cause Power Outages

This representation is made in good faith, as a body committed to fairness, justice, and the development of education in Nigeria,” the petition stated.

The League also urged the Minister to direct the University’s Governing Council to take disciplinary action against the trio involved in the litigation, citing their actions as detrimental to the peace and credibility of the university system.

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Copies of the petition were also sent to the Executive Secretary of the National Universities Commission (NUC), the President of the National Industrial Court, and the Pro-Chancellor of FUGUS.

As the legal and administrative battle continues, stakeholders in the education sector await the ministry’s response and the final outcome of the Vice Chancellor selection process.

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Oba of Benin Renews Bond With Ancestral Relations, Nigerians During Emorhọ Feast

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The palace of the Oba of Benin was agog with activities during the 2025 Emorhọ fest, declared by Omo N’Oba N’Edo Uku, Uku Akpolokpolo, Ewuare II, Oba of Benin as part of activities to mark the ancient Emorhọ, otherwise known as the ‘New Yam Festival’.

Oba of Benin, who reenacted the age-long festival, renewed the bond that exist between him and his ancestral relations from Issele-Uku in Aniocha North Local Government Area of Delta State at the event, which attracted dignitaries, including Benin people, indigenes and non-indigenes across Edo State.

Members of the Benin Royal family, Edionwere (village heads), youth leaders across the various communities in Benin, market women group, palace chiefs, traditional priests and priestesses in Benin, were also in attendance.

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READ ALSO:Oba Of Benin Declares Two-week Fasting, Prayer For Edo

A special prayer offered on behalf of the palace by Chief Enorense Ozigbo-Esere, the Osuma of Benin, paved the way for the commencement of the feast, where Secretary to the Benin Traditional Council, Frank Irabor, welcomed guests and highlighted the essence of the gathering.

Speaking in an interview, Oba Ewuare younger ancestral relations from Issele-Uku led by Chief Michael Odiakosa, expressed delight for the privilege to be part of the historic celebration.

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He explained the relationship between Benin and Issele-Uku, reaffirming that, “Issele-Uku is an extension of Benin Kingdom. We are all descendants of Benin. So, we are at home”.

READ ALSO:Oba Of Benin Ushers In ‘Emorọ’

We are in a safe place. We came to celebrate the festival with our father, the Omo N’ Oba, and we are happy to be here”, Odiakosa said.

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On his part, 99-year-old Pa. Paul Osarumwense Oyemwen, the Odionwere of Orior-Ozolua community in Uhunmwode LGA who thanked the Oba for the gesture, said the festival is not new in Benin and it’s devoid of sacrifices.

Expressing her appreciation to the Oba of Benin, the ‘Edo markets leader’, Pastor (Mrs) Josephine Ibhaguezejele, noted that members of the group have been waiting anxiously for the opportunity to partake in the yearly festival, while praying God that the blessings of the festival to transform lives.

Also speaking, Pa. Daniel Osunde, the Odionwere of Idumwun-owina, N’ Iyeke-orhiomwon, also prayed for the Oba and thanked the first Class traditional ruler for his foresight.

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Excited guests in their numbers were fed with African delicacy, amid dancing and jubilation, while members of Isikhian women group who gave a good account of their stewardship, were not left out in the celebration by the Oba who rewarded them with cash gift and other items in acknowledgement their duties in Benin.

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Okpebholo Poised To Surpassing People’s Expectations — Edo Deputy Gov

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Edo deputy governor, Hon Dennis Idahosa has assured that the Governor Monday Okpebholo-led administration is poised to surpass the expectations of the people of the state in terms of campaign promises fulfilment.

Idahosa said that the administration had hit the grand running right from the day of inauguration by identifying and prioritising the key areas of the SHINE agenda for implementation.

A statement by Mr Friday Aghedo, Chief Press Secretary to the deputy governor, said Idahosa spoke when he received the prestigious Peace Ambassador Award from the International Association of World Peace Advocates (IAWPA).

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The award ceremony held at the deputy governor’s office during a courtesy visit by the leadership of the IAWPA led by the President, Amb. Per Stafsen, the South-South Coordinator/Edo state Director, Amb. Amos Areloegbe, and other zonal representatives.

READ ALSO:Okpebholo Warns Companies Against Fuelling Edo–Delta Boundary Dispute

“We pray, by the grace of God, Edo State will surpass the expectations of the people when we are through with our tenure,” he declared.

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Idahosa described the recognition as a source of pride, not just for him, but for the Governor Monday Okpebholo-led administration.

Governor Okpebholo is a man of peace, and his government stands firmly for peace. This award is a validation of his unwavering commitment to building a safe and harmonious Edo State,” he said.

The Deputy Governor emphasized that peace and security remain central pillars of the government’s five-point SHINE agenda, noting that collaboration with traditional institutions, religious leaders, and civil society organizations has been vital in sustaining stability across the state.

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Peace is extremely important in any society. Where there is peace, there is security; where insecurity prevails, peace cannot exist.

“This recognition today strengthens our resolve to continue being ambassadors of peace,” Idahosa stated.

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On his part, Amb. Amos Areloegbe noted that IAWPA, a United Nations–certified body aligned with the 17 Sustainable Development Goals (SDGs), deliberately chose Edo State to commemorate the International Day of Non-Violence on October 2.

According to him, “Edo State remains one of the most peaceful states in the federation, hence our choice to celebrate here.”

The investiture was hailed by observers as not only an honour to Idahosa but also as an acknowledgment of Edo’s growing reputation as a bastion of peace under Governor Okpebholo’s leadership.

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