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Head of the defunct National Electoral Commission Prof. Humphrey Nwosu will not be attending the posthumous investiture of Moshood Abiola as the Grand Commander of the Federal Republic.

Abiola was on 6 June handed the award by President Muhammadu Buhari with June 12 also penned as Nigeria’s Democracy Day.

However, Nwosu in a letter to the Secretary to the Government of the Federation, commended Buhari for the gesture and regretted that he would not make the occasion.

“I thank His Excellency, the President of the Federal Republic of Nigeria, Muhammadu Buhari, and the Federal Government of Nigeria for recognising June 12 as Democracy Day and also (for) honouring the winner of June 12, 1993 presidential election, Chief M.K.O. Abiola,” the letter read.

“Indeed, June 12, 1993 marked a turning point in Nigeria’s tortuous journey towards a democratic polity.

“It is an honour to the very hard-working men and women of the defunct National Electoral Commission under my leadership at this long-awaited recognition. I humbly commend this action by the President.

“Undoubtedly, the democratic system of governance is the best, especially for the multi-ethnic nation like ours. I thank you for building on the foundation which my team and I laboured strenuously to establish and actualise on June 12, 1993.

“It is our hope that expanding the frontiers of democracy, of which all the people of Nigeria, regardless of ethnic group, will provide economic, social and developmental benefits that will certainly make Nigeria a great nation not only in Africa but across the world.

“Certainly, the scheduled event on Tuesday, June 12, 2018 will rekindle the national consciousness of all Nigerians for a better nation.

“Unfortunately, due to circumstances beyond my control, I will not be present at the investiture ceremony as I am outside the country. May God bless the Federal Republic of Nigeria!”

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BIG STORY

Polaris Bank Takes Over Skye Bank, CBN Assures Depositors Of Cash Safety

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Following the withdrawal of the operating licence of Skye Bank Plc, the Central Bank of Nigeria (CBN), in consultation with the Nigerian Deposit Insurance Corporation (NDIC), has established a bridge bank known as Polaris Bank, to assume the assets and liabilities of the defunct bank.

CBN Governor, Mr. Godwin Emefiele, who disclosed this on Friday, said the strategy was for the Asset Management Company of Nigeria (AMCON) to capitalise the bridge bank and begin the process of sourcing investors to buy out AMCON.

“By this decision, the licence of the defunct Skye Bank is hereby revoked.

We wish to assure all depositors that under this arrangement, their deposits shall remain safe and that normal banking services shall continue in the new bank on Monday, 24th September 2018, to enable customers to transact their businesses seamlessly.

“Thus, all customers of Skye Bank shall be automatic customers of the new bank and their accounts and records duly purchased by Polaris Bank,” Emefiele explained.

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BIG STORY

BREAKING: CBN Revokes Skye Bank’s Operational Licence

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The Central Bank of Nigeria has withdrawn the operating licence of Skye Bank, The Cable reports.

Umar Ibrahim, chairman of the Nigeria Deposit Insurance Corporation (NDIC), made this known to journalists on Friday.

More details will be provided shortly…

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BIG STORY

Osun Guber: Don’t Kill Yourselves Over Who Becomes Governor, Only God Gives Power — Ooni Of Ife

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The Ooni of Ife, Oba Adeyeye Ogunwusi, Ojaja II, has warned youths against political violence before, during and after the Osun gubernatorial election coming up on Saturday.

Oba Ogunwusi gave the warning during the courtesy visit of the Social Democratic Party (SDP) gubernatorial candidate, Sen. Iyiola Omisore to his Palace, on Thursday, in Ile-Ife.

He said: “It is only Almighty Allah that has the power to elevate whoever He wants to the post. For He is in Heaven doing what pleases Him”.

According to him, people don’t need to fight each other over getting to a post, but should rather allow God’s will to come into perfection.

The royal father, therefore, appealed to all and sundry to maintain peaceful coexistence in the forthcoming election, saying there is no gain in blood shedding.

Earlier, Omisore lauded the Ooni for his fatherly role and for supporting his aspirations to rule the state.

Omisore also thanked Ife and Osun indigenes, for rallying around him in his campaign and appealed to all and sundry to support him by casting their votes for him during the election.

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