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Those Who Ignored G-5 Would Soon Realize Their ‘Grave Mistake’ After February 25, No More Reconciliation — Wike

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Rivers State Governor Nyesom Wike has foreclosed the possibility of the Group of Five (G-5) governors reaching a last-minute truce with the Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, and the party’s national leadership under Dr. Iyorchia Ayu.

The governor spoke yesterday in Port Harcourt, the Rivers State capital.

He denied that the G-5, who he said were fighting for justice, equity, and fairness in the PDP, were working at cross-purposes.

Wike said the “Integrity Group” was intact and that its members would make their impact felt during the presidential election on February 25.

The PDP plunged into crisis during its national convention in May last year following the emergence of former vice president Atiku as the presidential candidate.

Atiku defeated 12 other aspirants, including Wike, to clinch the ticket.

Wike and four other governors – Seyi Makinde (Oyo); Ifeanyi Ugwuanyi; Okezie Ikpeazu (Abia) and Samuel Ortom (Benue) – demanded the stepping aside of Ayu as a condition to join the PDP Presidential Campaign Council (PCC).

The G-5 governors argued that Ayu must yield his position to a southerner in the spirit of equity and justice within the opposition party.

They argued that this would correct the “regional imbalance” in the party since Atiku and Ayu are from the North.

The aggrieved governors have turned down every reconciliation move because of Ayu’s retention as the party’s national chair.

Wike, according to a statement signed in Port Harcourt by his Special Assistant, Media, Kelvin Ebiri, said no G-5 governor had so far attended the PDP presidential campaign in their respective states.

He said the timeframe for resolving the grievance of the G-5 was “over” and he was “not ready to sit down with anybody again”.

On the possibility of an eleventh-hour parley, the governor said: “We can’t do that again. It is over. We have said it and there is nothing anybody can do about it now. They believe that they have won the election, so they don’t need us. I am not ready to sit down again with anybody.”

The governor said persons who chose to ignore the G-5 and other members of the Integrity Group would soon realise their “grave mistake” after February 25.

Wike, who said he had no apology for hosting the All Progressives Congress (APC) Presidential Candidate, Asiwaju Bola Tinubu and other leaders of the party in Port Harcourt on Wednesday, declined to mention his preferred presidential candidate.

According to him, PDP leaders in Rivers State had already taken a position on whom the state’s electorate would vote for and that the decision had been communicated to party supporters ahead of next week’s election.

Speaking on the PDP national leadership’s decision not to hold its presidential campaign in Rivers, the governor claimed that members of the state’s PCC lacked organisation skill.

Wike also addressed President Muhammadu Buhari’s broadcast on the new naira notes scarcity, saying Buhari’s insistence that the old N500 and N1000 notes ceased to be legal tender was interference with a pending lawsuit.

The governor stressed that the president’s directive to the Central Bank of Nigeria (CBN) to reintroduce only the old N200 note into the economy was an affront to the Supreme Court.

“As far as I am concerned, this is a complete interference, which is not good for our democracy,” he said.

The governor described as hypocritical the Federal Government proposing an out-of-court settlement with aggrieved states, while at the same time, undermining the outcome of the pending suit before the apex court.

Wike insisted that the apex court’s interim injunction subsisted and must be respected by the Federal Government.

Wike said: “Until that is done, there is nothing anybody can do about it. The issue of N200 naira in circulation is neither here nor there. If they had pulled out of court, then the President could come in. Having not pulled out of court and the interim order still subsists, we should obey it to the letter.”

He reasoned that the Federal Government’s claim that the naira redesign policy would curb corruption and vote buying was untenable, describing the implementation as political.

A war of words broke out between Wike and Atiku’s supporters over Wednesday’s visit of former Lagos State Governor Asiwaju Bola Tinubu to the state for his presidential campaign rally.

Members of PDP PCC in the state criticized Wike for receiving Tinubu in the council chamber of the Rivers State Government House, despite being a member of an opposition party.

But the state Commissioner for Information and Communication, Chris Finebone, defended the governor, saying he remained a leader of PDP.

BIG STORY

JUST IN: Again, Police Arrest Speed Darlington During Show In Imo State

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Operatives of the Nigeria Police Force have arrested Nigerian musician Darlington Okoye, popularly known as Speed Darlington, in Owerri, the capital of Imo State.

The singer’s counsel and human rights lawyer, Deji Adeyanju, confirmed the arrest in a post on his official X page on Wednesday.

Adeyanju revealed that his client was detained while performing at a show in Owerri, just days after returning to Nigeria earlier in the week.

He wrote, “Our client, Speed Darlington, a.k.a AKPI, has been arrested by the Nigeria Police in Owerri at his show upon return to Nigeria.”

However, the exact reason for the singer’s arrest remains unclear at the time of filing this report.

It is worth noting that the Nigeria Police had previously arrested Darlington over allegations of cyberstalking fellow musician Damini Ogulu, better known as Burna Boy.

Darlington was initially arrested in Lagos, then transferred to Abuja, where he was detained by the IGP’s Intelligence Response Team in the Guzape area of the city.

The musician, who faced accusations of cyberstalking Burna Boy, was later released on bail days after his arrest.

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BIG STORY

President Tinubu Asks NNPC To Fast-Track Reactivation Of Warri, Kaduna Refineries

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President Bola Tinubu has praised the Nigeria National Petroleum Company (NNPC) Limited for the revitalization of the Port Harcourt refinery.

On Tuesday, NNPCL announced the official commencement of crude oil processing at the refinery—a milestone achieved after three years of rehabilitation work.

In a statement on Tuesday from Bayo Onanuga, the president’s special adviser on information and strategy, Tinubu urged the NNPC to expedite the reactivation of the Warri and Kaduna refineries.

Tinubu, while acknowledging the efforts of former President Muhammadu Buhari in making this achievement possible, reaffirmed his administration’s commitment to advancing energy sufficiency in Nigeria.

“The President acknowledges the pivotal role of former President Muhammadu Buhari in initiating the comprehensive rehabilitation of all our refineries and expresses gratitude to the African Export-Import Bank for its confidence in financing this critical project,” the statement reads.

“Furthermore, President Tinubu commends the leadership of NNPC Limited’s Group Chief Executive Officer, Mr. Mele Kyari, whose unwavering dedication and commitment were instrumental in overcoming challenges to achieve this milestone.

“With the successful revival of the Port Harcourt refinery, President Tinubu urges NNPC Limited to expedite the scheduled reactivation of both the second Port Harcourt refinery and the Warri and Kaduna refineries.”

Tinubu emphasized that the commencement of petrol production at the refinery would bolster the country’s domestic production and position Nigeria as a major energy hub.

He called on individuals, institutions, and citizens entrusted with public infrastructure to uphold trust in their service to the nation.

“These efforts will significantly enhance domestic production capacity alongside the contributions of privately-owned refineries and make our country a major energy hub, with the gas sector also enjoying unprecedented attention by the administration,” Onanuga said.

“In alignment with the Renewed Hope Agenda focused on shared economic prosperity for all, the President reaffirms his administration’s commitment to achieving energy sufficiency, enhancing energy security, and boosting export capacity for Nigeria.”

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BIG STORY

FG Considering US Diaspora Bond, Targets $1bn Monthly Remittances — CBN Governor Cardoso

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Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), announced that the country’s foreign reserves increased to $40.88 billion as of November 21.

Cardoso made the statement on Tuesday during a press conference following the monetary policy committee’s 298th meeting in Abuja.

He reported that the external reserves grew from $40.06 billion at the end of October to $40.88 billion in November.

This marks an increase of $82 million, or 2.05 percent, in just 21 days.

“The external reserves rose marginally to 40.88 billion as of 21 November 2024, from 40.06 billion at the end of October 2024, available to finance 17 months of imports,” he explained.

However, a check on the apex bank’s website revealed that Nigeria’s foreign reserves were listed at $40.27 billion on November 22, which is lower than the figure presented by Cardoso.

Further commenting on the matter, Cardoso stated, “the process of getting us where we are in terms of reserves has been a long one.”

“It is a clear indication that the policies we have put in place are certainly yielding fruits,” he added.

He emphasized that “reserves are there for a multiplicity of different purposes, not least of which is to create buffers in the event of unanticipated shocks.”

“They are not there to simply whittle away. They are there to be used to more or less defend yourself where that becomes necessary,” he clarified.

“And when we talk about shocks that are not anticipated, I think we can see how the global economies are,” Cardoso continued.

The governor also affirmed that the bank will persist in efforts to stabilize the currency and prices.

“The currency has been stable compared to what it was in June,” he noted.

However, he pointed out that for the country’s currency to maintain stability, there must be increased exports and greater diversification of the economy.

Cardoso also highlighted that diaspora remittances have risen due to policies that have been implemented.

He commended Nigerians in the diaspora for helping the country achieve over $600 million in remittances.

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