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The Upper Chamber on Tuesday mandated its Committee on Banking to probe alleged arbitrary charges and deductions by commercial banks in the country. The committee is to probe the CBN and commercial banks’ operational charges with a view verifying the allegations and finding an enduring solution to it. This followed a motion moved by Santor Magnus Abe (PDP-Rivers South East).

The motion, titled “Urgent need to investigate, regularise and amend conflicting, vague and unjust remedies which the CBN offers to victims of excess and arbitrary bank charges and illegal deductions by commercial banks”, had 22 other senators as co-sponsors. Abe argued that commercial banks have taken advantage of their customers by over-charging them, arbitrarily and excessively charging them. These acts, he said, are contrary to tariff stipulations, credit and monetary guidelines issued by the CBN.

He said: “If this trend is allowed to continue unabated, Nigerians will be worse of for it, while the commercial banks will continue to declare huge profits at the expense of innocent Nigerians from regular depositors to business firms.” As part of the process, the governor of the Central Bank of Nigeria, Godwin Emefiele, managing directors of commercial banks, forensic auditors and Bankers’ Committee have been sent summons to appear before the lawmakers.

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BREAKING: Presidency Confirms Sack Of Tinubu’s Aide Fegho Umunubo, Warns Nigerians Not To Interface With Him

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The Presidency has issued a stern warning to the public following the immediate dismissal of Fegho John Umunubo, who served as the Special Assistant to the President on Digital and Creative Economy in the Office of the Vice President.

Abiodun Oladunjoye, the Director of Information and Public Relations in the Presidency, confirmed the separation in a statement on Monday. He emphasized that Umunubo no longer represents the administration in any capacity.

“Stakeholders and constituents of the digital and creative economy, at home and abroad, as well as the general public, are hereby notified that Fegho John Umunubo … has been disengaged with immediate effect.”
Oladunjoye added: “Henceforth, anyone interfacing with him in the name of President Tinubu’s administration does so at his or her own risk. We urge all stakeholders and constituents of the digital and creative economy to be so guided.”

 

More to come…

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Kaduna Councillor Sunusi Hashim Appoints 18 Special Advisers

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The councillor representing Kinkiba Ward in Soba Local Government Area of Kaduna State, Sunusi Hashim, has appointed 18 special advisers to support his grassroots administration.

The new aides were inaugurated on Sunday at L.E.A. Primary School, Kinkiba, during a ceremony that drew the presence of All Progressives Congress (APC) stakeholders, traditional rulers, religious leaders, party loyalists, and community members.

Speaking at the event, Hashim said the appointments were made in recognition of the loyalty, dedication, and contributions of the appointees to the progress of Kinkiba Ward. He urged them to serve with “respect, integrity, honesty, transparency, and compassion” while working collectively for the development of the community and the advancement of the APC.

The councillor also commended Kaduna State governor, Uba Sani, for his consistent support to local councillors, particularly through the provision of fertilisers to farmers. He pledged to align his team’s activities with the governor’s transformative agenda and deliver projects that would benefit the people of Kinkiba.

The newly appointed advisers will oversee key sectors such as works, finance, education, health, agriculture, women affairs, political matters, media, youth mobilisation, and inter-party relations.

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Peter Obi Will Not Have Our 2027 Ticket — Labour Party Secretary Arabambi

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The Labour Party (LP) has ruled out the possibility of former presidential candidate, Peter Obi, contesting on its platform in the 2027 elections.

The party’s National Publicity Secretary, Abayomi Arabambi, made the declaration on Monday while speaking on Channels Television’s Lunchtime Politics.

Arabambi criticised Obi for directing his supporters to back candidates of the African Democratic Congress (ADC) during the August by-elections, describing the move as anti-party. The former Anambra governor had explained his call was due to the absence of LP candidates in many constituencies, but the party dismissed the justification.

According to Arabambi, the Labour Party’s rise in 2023 was driven more by public frustration with the Buhari administration and the #EndSARS movement than Obi’s personal appeal. “We are going to do our 2027 without Peter Obi; he will not have our ticket,” he said.

The spokesman further accused LP’s acting National Chairperson, Nenadi Usman, and activist Aisha Yesufu of aligning with Obi, vowing the party would take action against them. He challenged Obi to formally announce his exit from the party.

Arabambi alleged that Obi was “standing with one leg in LP, one leg in PDP, and one leg in ADC,” adding that the party would no longer accommodate what he described as political extremism.

“If he believes he can win seven million votes in 2027 on his own, let him leave and prove it,” Arabambi said, insisting Obi only used LP as a vehicle for change in 2023.

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