Politics

SDP Presidential Candidate, Adebayo Faults CBN Policy On Naira Redesign

Published

3 years ago

January 31, 2023

The presidential candidate of the Social Democratic Party (SDP), Prince Adewole Adebayo, has faulted the currency redesign policy of the Central Bank of Nigeria (CBN).

Prince Adebayo who said this on Channels Television during an interview, noted that there were no policy or project management parameters behind the currency redesign initiative.

He said the process of currency swap should not be “chaotic”, noting that the currency is central to the economy.

“There is no policy behind it. There was no planning, definition of stakeholders, or project management parameters. No timeline and simulation done,” he said.

“The process is not supposed to be chaotic. The economy is a sensitive thing. Currency is so central to the economy because it is the means of exchange.”

Adebayo criticised the CBN governor for seeking the approval of the president for a one-week extension, adding that the apex bank should not be “subject to political interpretation”.

The SDP presidential candidate said Emefiele should have consulted with the board of the apex bank on the currency redesign rather than the president, who he said is a “political leader”.

“The CBN is not supposed to be allowing itself to be subject to political interpretation,” he said.

“Even this idea of going to the president to take permission for a one-week extension, none of that is …there is a board of governors for the CBN that is supposed to deal with the internal business of the CBN.

“With all due respect, for every ailment of this election, there is INEC, DSS, and police. You don’t want to give the CBN a role to play in the management of the election.

“To say, I have gone to take instruction and permission from the president to add more 10 days, that is not how to run the CBN with all due respect.

“The idea is not something that the changing of currency is emanating from a political person, which is the president.

“The idea is that the CBN belongs to all of us whether there is a change of government, party, or person.

“It looks like the governor of the CBN should rather be working in the presidency as a special adviser or something.

“I don’t want the CBN to look like an extension of the politics of Nigeria.”

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Politics

Rivers: Fubara Cancelled 10,000 Jobs I Initiated For Youths – Wike Alleges

Published

4 hours ago

January 7, 2026

Editor

The Minister of Federal Capital Territory, FCT, Nyesom Wike, has accused Governor Siminalayi Fubara of Rivers State cancelling an employment process undertaken by his (Wike’s) administration which engaged 10,000 youths of the state.

Wike made this allegation on Wednesday at Ahoada main Town, during the ‘Renewed Hope Family thank you visit’ to Ahoada East Local Government Area.

He said his administration had employed 10,000 youths into different sectors of the state’s economy, but regretted that Fubara, his successor, sacked the beneficiaries.

He slammed Fubara for claiming the construction of Ahoada-Omoku and Emohua-Kalabari Road, which he said he had made 70 percent payment before handing over, describing the governor as “a bad child”.

“When I decided to dualise this Ahoada road, people thought it was impossible. But by the grace of God, today, Ahoada East, Ahoada Town, is coming back to be the city it is supposed to be. When I was a narcissist, I finished phase one of this dualisation.

“Then I flagged off phase two, which would end up in Omoku. The job was given the same day as the one of Emohua to the Kalabari area.

“I gave it to Julius Berger and we signed an agreement for Julius Berger to collect N4 billion every month from our IGR. The total amount of that road, and the one from Emohua to the Kalabari area, was about N80 something billion. So I said, if they collect four billion every month, that would give them 48 billion. That in two years time, they would have completed,” Wike said.

Politics

Amaechi: Buhari’s Administration Was Hell For Me – Wike

Published

4 hours ago

January 7, 2026

Editor

Minister of the Federal Capital Territory, FCT, Nyesom Wike has said the administration of late President Mohammadu Buhari was like hell for him.

Wike, who addressed members of the All Progressives Congress, APC, and the Peoples Democratic Party, PDP, in Ahoada East Local Government Area, LGA of Rivers State on Wednesday, said a minister from the state tried to frustrate his government.

Wike was apparently referring to Rotimi Amaechi, who served as the Minister of Transportation during the immediate past administration.

The FCT minister said despite the moves, his administration remained focused and committed to the people of Rivers State.

He said, “When I was governor, the administration of our late President Mohammadu Buhari was hell for me.

“A minister who is from here, tried to make sure we didn’t move forward but by the grace of God, we were focused and made more impacts.

“Governance is not just about awarding contracts, it is about relating with people. Anybody can award a contract but the capacity for you to settle issues and meander when there is a problem.”

Politics

2027: Watch Out For My Anointed Candidate – Wike Tells Supporters

Published

5 hours ago

January 7, 2026

Editor

Nyesom Wike, Minister of the Federal Capital Territory, has urged his supporters in Rivers State to watch out for his anointed candidate for the state’s governorship election in 2027.

Wike spoke on Wednesday in Ahoada East Local Government Area, LGA of Rivers State, while addressing supporters of the All Progressives Congress, APC and the Peoples Democratic Party, PDP.

He urged the supporters to observe the movement of APC and PDP chairmen, as well as other leaders loyal to him to know his anointed candidate.

The minister appealed to the supporters to support President Bola Tinubu’s re-election bid.

He said, “The other one as it relates to the State, we will come back. Watch where your council chairman is going.

“Watch where the PDP and APC chairman are going, anywhere you see them, that is where we are”.

Wike had vowed to ensure that his estranged political godson, Siminalayi Fubara, was not re-elected in 2027.