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Presidential Tribunal: PDP, Labour Party To Adopt Final Written Addresses On Tuesday

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The Presidential Election Petition Court, sitting in Abuja, is preparing to rule on three petitions attempting to overturn President Bola Tinubu’s victory.

As a preliminary to setting the judgment date, the five-member panel led by Justice Haruna Tsammani has directed the parties to appear before it tomorrow to adopt their last briefs of argument.

In a notice sent to the parties, the court invited them to adopt their written address in relation to the petition filed against President Tinubu by the former Vice President and candidate of the Peoples Democratic Party, PDP, as well as the petition filed by Mr. Peter Obi, candidate of the Labour Party, LP.

Recall that the Independent National Electoral Commission, INEC, announced on March 1 that Tinubu of the ruling All Progressives Congress, APC, had won the presidential election held on February 25, beating out 17 other contestants.

It was announced that Tinubu received 8,794,726 votes, defeating the two major rivals, Alhaji Atiku of the PDP, who received 6,984,520 votes, and Mr. Obi of the LP, who received 6,101,533 votes.

However, displeased with the outcome of the election, both Atiku and Obi petitioned the court to declare it null and void. In separate petitions, the couple claimed victory in the presidential election while questioning Tinubu’s ability to run. Aside from asking the court to declare that President Tinubu did not receive the majority of legitimate votes cast in the election, the petitioners also want INEC to remove the Certificate of Return that was granted to him.

Alternatively, they are asking the court to order a new presidential election, with President Tinubu barred from running because he was not qualified from the start.

It was earlier reported that the Electoral Act 2022 made it mandatory for candidates that were aggrieved by the outcome of the election, to within 21 days after the result was declared by INEC, file a petition before the court which shall deliver its judgment in writing within 180 days.

The court had on July 5, concluded its hearing of both Atiku and Obi’s petitions
While Obi closed his case after he called 13 witnesses that testified and tendered several documentary exhibits, Atiku, produced 27 witnesses and equally tendered exhibits before the court. On their part, both INEC and President Tinubu wrapped up their defense in both cases with one witness each, while the APC failed to produce any witness before the court.

However, all the Respondents in their respective written addresses, urged the court to dismiss all the petitions for want of merit. They argued that the petitioners were unable to discharge the burden of proof placed on them by the law. According to the Respondents, whereas the petitioners raised allegations that had elements of crime in them, they, however, failed to prove them beyond reasonable doubt as required by the law.

President Tinubu urged the court to hold that he was validly returned as winner of the election, by the INEC.

Specifically, Atiku, in the joint petition he filed with his party, marked: CA/PEPC/05/2023, maintained that the declaration of Tinubu as the winner of the presidential election was “invalid by reason of non-compliance with the provisions of the Electoral Act, 2022”, insisting that he “was not duly elected by a majority of lawful votes cast at the election”. He told the court that Tinubu, who was cited as the 2nd Respondent, “was at the time of the election not qualified to contest.”

In a further process he filed through his team of lawyers led by Chief Chris Uche, SAN, Atiku told the court that the President-elect had “demonstrated inconsistency as to his actual date of birth, secondary schools he attended (Government College Ibadan); his State of origin, gender, actual name; certificates evidencing Universities attended (Chicago State University).”

“The purported degree Certificate of the 2nd Respondent allegedly acquired at the Chicago State University did not belong to him but to a female (F) described as “F” in the Certificate bearing the name Bola Tinubu.

“The 2nd Respondent did not disclose to the 1st Respondent (INEC) his voluntary acquisition of the citizenship of the Republic of Guinea with Guinean Passport No. D00001551, in addition to his Nigerian citizenship. The 2nd Respondent is hereby given notice to produce the original copies of his said two passports,” Atiku added.

He argued that the APC candidate did not meet the constitutional threshold and “is constitutionally disabled from contesting for the office of President of the Federal Republic of Nigeria”.

Likewise, Obi and LP, in their own petition marked: CA/PEPC/03/2023, argued that as at the time Tinubu’s running mate, Senator Kashim Shettima, became the Vice Presidential candidate, he was still the nominated candidate of the APC for the Borno Central Senatorial election.

They equally challenged Tinubu’s eligibility to contest the presidential election, alleging that he was previously indicted and fined the sum of $460,000.00 by the United States District Court, Northern District of Illinois, Eastern Division, in Case No: 93C 4483, for an offense involving dishonesty and drug trafficking on the ground that the election was invalid by reason of corrupt practices and non-compliance with the provision of Electoral Act, 2022, the petitioners argued that INEC acted in breach of its own Regulations and Guidelines.

The petitioners contended that the electoral body was in the course of the conduct of the presidential poll, mandatorily required to prescribe and deploy technological devices for the accreditation, verification, continuation, and authentication of voters and their particulars as contained in its Regulations.

Consequently, they prayed the court to not only hold that Tinubu was not qualified to contest the election but to also declare that all the votes recorded for him were wasted votes owing to his non-qualification/disqualification.

“That it is determined that on the basis of the remaining votes (after discountenancing the votes credited to the 2nd Respondent) the 1st Petitioner (Obi) scored a majority of the lawful votes cast at the election and had not less than 25% of the votes cast in at least 2/3 of the States of the Federation, and the Federal Capital Territory, Abuja, and satisfied the constitutional requirements to be declared the winner of the 25th February 2023 presidential election.

“That it be determined that the 2nd Respondent having failed to score one-quarter of the votes cast at the presidential election in the Federal Capital Territory, Abuja was not entitled to be declared and returned as the winner of the presidential election held on 25th February 2023.

In the alternative, the petitioners want an order canceling the election and compelling INEC to conduct a fresh election at which Tinubu, Shettima, and the APC, listed as 2nd, 3rd, and 4th Respondents, respectively, shall not participate.

They urged the court to declare that since Tinubu was not duly elected by a majority of the lawful votes cast in the election, therefore, his return as the winner of the presidential election, was unlawful, unconstitutional, and of no effect whatsoever.

In a further alternative prayer in the petition dated March 20, which Obi filed through a team of lawyers led by Dr. Livy Uzoukwu, SAN, and Awa Kalu, SAN, he wants the tribunal to hold that the presidential election was void on the ground that it was not conducted substantially in accordance with the provisions of the Electoral Act 2022, and the 1999 Constitution, as amended.

Likewise, an order, “canceling the presidential election conducted on 25th February 2023 and mandating the 1st Respondent to conduct a fresh election for the President, the Federal Republic of Nigeria.”

Though five petitions were initially filed to nullify Tinubu’s election, however, the Action Alliance, AA, on May 8, withdrew its case, even as the Action Peoples Party, APP, followed suit two days later by also discontinuing further proceedings on its own petition.

The Allied Peoples Movement, APM, which refused to withdraw its own petition, had on July 14, adopted its final written address, even as the court reserved its judgment on the petition.

The APM, in its petition marked: CA/PEPC/04/2023, argued that the withdrawal of Mr. Ibrahim Masari who was initially nominated as the Vice-Presidential candidate of the All Progressives Congress, APC, invalidated Tinubu’s candidacy in view of Section 131(c) and 142 of the 1999 Constitution, as amended.

The party argued that there was a gap of about three weeks between the period that Masari, who was listed as the 5th Respondent in the petition, expressed intention to withdraw, the actual withdrawal of his purported nomination, and the time Tinubu purportedly replaced him with Senator Kashim Shettima.

It further argued that Tinubu’s candidature had elapsed at the time he nominated Shettima as Masari’s replacement.

BIG STORY

NLC, TUC Give FG May 31 Ultimatum For New Minimum Wage

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The Organised Labour has handed the Federal Government May 31 deadline to come up with a realistic and reasonable new minimum wage for Nigerian workers.

Labour made this known during the Workers’ Day celebrations at the Eagle Square in Abuja on Wednesday.

The President of the Nigeria Labour Congress (NLC), Joe Ajaero; and his counterpart in the Trade Union Congress (TUC), Festus Osifo were unanimous that the N30,000 current minimum wage has been grossly insufficient for Nigerian workers in the light of current economic realities and inflationary pressure including food inflation, hike in energy and transportation cost, amongst others.

They insisted that a new living wage of ₦615,000 be expeditiously approved by the President Bola Tinubu administration before the end of May.

Ajaero said, “The Nigeria Labour Congress and the TUC have made it clearly and emphatically that should the minimum wage negotiation continue and linger till the end of May, we can no longer guarantee industrial harmony in this country.”

On his part, Osifo asked the Nigerian Electricity Regulatory Commission (NERC) and power distribution companies to immediately reverse the current increase in electricity tariff for Band A customers.

“The NLC and TUC hereby advise NERC and power sector operators to reverse the last increase in electricity tariff within the next one week,” the trade union boss said.

Nigerians mark this year’s May Day amid spiralling, and unending snake-like queues at filling stations as scarcity of Premium Motor Spirit (PMS) also known as petrol worsens across the Federation.

Although there have been assurances by the major oil supplier in the country, the Nigerian National Petroleum Company (NNPC) Limited to alleviate this issue, however, the queues have persisted for over one week.

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BIG STORY

Transcorp Group Delivers Impressive Q1 2024 Performance; Sustains Revenue Growth Of 173%, N45bn PBT

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Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive Q1 financial results for the period ended March 31, 2024.

In its Q1 2024 unaudited results, Transcorp reported significant year-on-year growth, with revenue rising to N88.6 billion from N32.4 billion in 2023, representing a 173% increase.

The impressive results are largely driven by a remarkable 209% year-on-year revenue growth within the power business, highlighting significant strategic progress as part of Transcorp Group’s implementation of its integrated power strategy.

The hospitality business recorded a 68% year-on-year growth in revenue, driven by an increase in occupancy rate from 75% to 82% compared to the previous year.

The results show substantial growth across all financial indicators, reinforcing its market leadership and strategic positioning.

Highlight of Transcorp Group Results:

• Q1 2024 Revenue was N88.6 billion, a significant increase of 173%, compared to Q1 2023.

• Operating income increased by 479%, from N8.5 billion in Q1 2023 to N49.1 billion in Q1 2024.

• Operating expenses saw an increase of 40% year on year to N8.2 billion in Q1 2024, reflecting the impact of inflation and cost of operations.

• Net finance cost increased by 14% to N3.7 billion in 2024 from N3.2 billion in 2023 due to a slightly higher interest rate review in line with MPR.

• Profit before tax from ordinary business of the Group surged by 1110%, amounting to N34.7 billion in Q1 2024, compared to N2.9 billion in Q1 2023 in the same period last year.

• Profit before tax inclusive of extra ordinary income was N45.7 billion in 2024 compared to N2.9 billion in 2023.

• The Group recorded extra ordinary income of N11 billion during the period from the realised gain from the sale of shares.

• Profit after Tax including the extra ordinary income improved 1832% year-on-year to N35.9 billion in Q1 2024, compared to N1.9 billion in Q1 2023 in the same period last year.

• Earnings per share of the Group was N61.12k in Q1 2024, compared to N2.58k in Q1 2023.

• On the balance sheet, total assets grew by 8.3%, from N530 billion in December 2023 to N574 billion in Q1 2024 due to the increase in operational activities.

• Shareholders’ funds increased by 20% from N187billion in December 2023 to N224 billion at the end of Q1 2024 due to profit accreted to retained earnings.

In response to the results, Dr. Owen D. Omogiafo, President/Group Chief Executive Officer of Transcorp, commented, “Our Q1 2024 results demonstrates Transcorp Group’s resilience and commitment to excellence. Despite the challenges, we achieved growth across all major indices, focusing on operational efficiency at both our power plants, and maximising opportunities within our hospitality business, showing our ability to adapt and succeed in changing markets. We will continue to deliver sustainable growth, operational efficiency, and value for our shareholders.”

This robust achievement is a further demonstration of the Group’s strategic focus and effective execution. Transcorp is dedicated to its transformation agenda, emphasising sustained growth and a relentless pursuit of long-term value for shareholders.

About Transnational Corporation Plc (Transcorp Plc)

Transnational Corporation Plc (Transcorp Group) is a leading, listed African conglomerate, with strategic investments in the power, hospitality, and energy sectors. Driven by its mission to improve lives and transform Africa, Transcorp has built a longstanding reputation for sector transformation, operational excellence, and exceptional financial performance, delivering value to its shareholders.

In the power sector, Transcorp’s businesses – Transcorp Power Plc and Transafam Power – provide over 16% of Nigeria’s installed power capacity. Through its investments in the energy sector including OPL287, Transcorp is developing Nigeria’s domestic energy value chain. The Group’s listed hospitality business, Transcorp Hotels Plc, owns the iconic Transcorp Hilton Abuja, Nigeria’s flagship hospitality destination, and Aura by Transcorp Hotels, a digital hospitality platform enabling travellers to book accommodation across Africa.

 

 

 

 

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BIG STORY

Lawyer To Paste Tribunal’s Restraining Order At MultiChoice Office Over DSTV Tariff Hike

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The interim ruling prohibiting MultiChoice Nigeria Limited from raising the DSTV tariff has been issued by the Competition and Consumer Protection Tribunal in Abuja.

The order is to be posted at the company’s “corporate headquarters or any known address of the branches of MultiChoice Nigeria Limited across Nigeria.”

The chairman of the tribunal, Saratu Shafii, who made the order dated April 29, 2024, said the document should also be MultiChoice’s known email address, social media handles and any means of communication publicly known for MultiChoice.”

The interim order, restraining MultiChoice from increasing its tariff, was granted in favour of an Abuja-based lawyer, Festus Onifade, who is aggrieved by MultiChoice recent announcement to increase the tariffs on its DStv and Gotv packages effective from May 1.

In his suit, marked CCPT/OP/2/2024, Onifade listed   MultiChoice Nigeria Ltd and the Federal Competition and Consumer Protection Commission as defendants.

He sought  “an order of interim injunction of this honourable tribunal restraining the 1st defendant whether by themselves, her privies, assigns by whatsoever name called from going ahead with impending price increase scheduled to take effect from 1st May 2024, pending the hearing and determination of the motion on notice.

“An order restraining the 1st defendant from taking any step(s) that may negatively affect the rights of the claimant and other consumers in respect of the suit pending the hearing and determination of the Motion on Notice.”

On Monday, April 29, the tribunal issued an order stopping MultiChoice from increasing its tariffs and cost of products and services scheduled to take effect from May 1.

The three-member tribunal, presided over by  Shafii, gave the order following an ex parte motion moved by Ejiro Awaritoma, counsel for the applicant.

The company was restrained from effecting its planned price hike pending the hearing and determination of the motion on notice filed before it.

However, upon moves by the tribunal to serve Multi-Choice, the bailiff alleged that staff at the Abuja office of the company refused to receive service of the order and other court documents.

The bailiff claimed that one of the company’s top managers at the Abuja office refused to receive the documents and instructed that the documents be sent to the Lagos office, being the headquarters.

Following the bailiff’s feedback, the tribunal issued an order of substituted service on MultiChoice pursuant to Section 48 of the Federal Competition and Consumer Protection Act, 2018; and Part N, Order 14 Rule 11(1) of the CCPT Rule, 2021.

In the certified true copy of the order of substituted service, the Shaffi-led panel directed that the ex-parte order in suit number: CCPT/OP/2/2024, be pasted at the corporate headquarters or any known address of the branches of MultiChoice Nigeria Limited across Nigeria.

She also ordered that the documents be sent to the company’s “known email address, social media handles and any means of communication publicly known for Multi-Choice and shall also be pasted in the CCPT communication outlet.

Multi-choice had recently announced price increments across its DStv and GOtv packages effective May 1, 2024.

The pay-TV company had claimed the price hike was due to the cost of business operations in Nigeria.

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