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Tinubu’s Victory: Legal Battle To Begin As Tribunal Fixes Monday, May 8th For Petitions Hearing

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The Presidential Election Petitions Court has fixed Monday for the hearing of the petitions challenging the declaration of the All Progressives Congress standard bearer, Bola Tinubu as the president-elect.

With this development, the expected legal battle by candidates disputing the outcome of the 2023 presidential poll will commence from May 8.

The National Legal Adviser of the All Progressives Congress, Ahmad El-Marzuq, confirmed the date on Tuesday.

He said the APC legal team had been briefed and was ready to defend the party’s mandate.

“We have been briefed about the hearing coming up next week. But who told you the election petitions at the tribunal must necessarily be concluded before May 29?

“Are you saying if they were not concluded before President Buhari leaves office, the government should be left in a vacuum and the president-elect should not be sworn in? It is not a must,’’ he stated in response to a question about the time it would take for the petitions to be decided.

Also, a top official of the election petitions tribunal affirmed that the hearing proceedings would start on Monday.

Hearings slated for Monday

Speaking on condition of anonymity because he was not authorized to release the information, he said, ‘’The Presidential election tribunal has fixed Monday, May 8th as for the hearing of the petitions challenging the victory of the President-elect, Bola Tinubu.’’

A member of Tinubu’s legal team, Tayo Oyetibo SAN, also said the hearing had been scheduled to commence next week.

Oyetibo, who spoke to our correspondent on Tuesday, said,” Yes the hearing is on Monday, but it’s for a pre-hearing session. The hearing is to clarify if there are any applications before the main hearing will start. The timetable will be set for the hearing of the substantive matters.”

Findings also showed that the court stopped receiving replies from the petitioners on April 23.

The Chairman of the Independent National Electoral Commission, Mahmood Yakubu, had on March 1 declared Tinubu the president-elect on the grounds that his party scored the majority of votes cast in the polls.

The former Lagos state governor had polled 8.8 million to defeat Atiku Abubakar of the Peoples Democratic Party who scored 6.9mn, Peter Obi of the Labour Party who amassed 6.1mn and 15 others.

Dissatisfied with the result, Atiku and Obi filed separate petitions seeking orders to annul the election or declare them the winners of the polls.

The PDP presidential candidate, who anchored his seven prayers on five grounds, asked the Presidential Election Tribunal to declare him the president-elect.

Alternatively, Atiku urged the court to cancel the election and order a fresh election due to alleged irregularities that marred the February 25 polls in thousands of polling units.

His team of senior lawyers led by Joe-Kyari Gadzama, SAN, filed the petition at the Presidential Election Petition Court.

In their 66-page petition, Atiku and his party argued that as of March 1 when Tinubu was declared the winner of the election, the entire results and accreditation data from polling units had not been transmitted and uploaded by INEC.

Obi, who came third in the election, alleged that the election was characterized by various irregularities including the non-qualification of Tinubu and his running mate, Kashim Shettima to contest the election.

He also alleged that Tinubu failed to win the majority of the lawful votes cast in the election, and just as he could not secure one-quarter of the lawful votes cast in the FCT.

He equally alleged that the election was conducted in substantial non-compliance with the provision of the law.

Also, a faction of the Action Alliance is seeking the tribunal’s order to nullify Tinubu’s victory as the president-elect.

The Action Alliance and its presidential flag bearer hinged their petition on INEC’s failure to upload the name of its candidate, Solomon-David Okanigbuan – to its portal for the February election.

In its petition filed on 16 March, the AA and Okanigbuan as co-petitioners said despite subsisting court orders recognize Okanigbuan as the authentic presidential standard-bearer, the electoral umpire instead uploaded the name of Hamza Al-Mustapha.

INEC had recognized Al-Mustapha, a former chief security officer to the late dictator, Sani Abacha, as AA’s presidential candidate for the election.

It contended that the victory of the ex-Lagos senator will not stand owing to the “flawed process” of nominating his vice presidential pick, Shettima.

In its petition marked CA/PEPC/04/2023, the Alliance People’s Movement in a petition contended that the president-elect was not qualified to run for office.

Listed as 1st to 5th respondents in the petition are INEC, APC, Tinubu, Shettima, and Kabir Masari.

The APM whose presidential candidate, Chichi Ojei, polled 25,961 votes, argued that Tinubu was not properly sponsored by the APC by fielding Shettima as vice presidential candidate for the election.

Tinubu while submitting his presidential nomination form to INEC in June 2022, chose Ibrahim Masari, a politician from the Katsina State, as a “placeholder” for the substantive vice presidential candidate who would later be Shettima.

Tinubu’s action was described by analysts as a strategy to beat INEC’s deadline of June 17 2022, for presidential candidates to submit names of their vice presidential picks.

But the APC in its replies asked the PEPC to dismiss the petitions filed by the opposition parties.

It described the petition filed by the former vice president against his election victory as “a gross abuse of court processes.”

Tinubu, in a preliminary objection marked: CA/PEPC/05/2023, filed by his team of lawyers led by Chief Wole Olanipekun, SAN, prayed the court to dismiss the entire petition.

He said in 2011, he lost the PDP presidential primary election to President Goodluck Jonathan and in 2015, he lost the APC primary election to the President, Major General Muhammadu Buhari (retd.).

Tinubu said in 2019, Atiku again lost the presidential election to Buhari; and now in 2023, he had, again, lost the presidential election to him.

According to the president-elect, it was not a surprise or not by accident that the electorate rejected the 1st petitioner at the polls of the presidential election held on Feb. 25.

He said he was ready to lead evidence to prove to the court that a host of states controlled by PDP and their governors protested against Atiku’s emergence as the party’s candidate and vowed never to support his candidature.

Responding to Obi’s petition, Tinubu, in a preliminary objection he filed alongside his Vice-President-elect, maintained that the LP standard bearer lacked the locus to challenge his election victory.

He argued that Obi was not validly nominated to contest the presidential election in line with the mandatory provisions of sections 77(2) and (3) of the Electoral Act, 2022.

He insisted that Obi’s name was not found in the register of members of the LP, noting that he defected to the party from the PDP, less than 30 days before the primary election that produced him as a presidential candidate, was conducted.

He further accused Obi of jumping from one political party to the other, insisting that the LP lacked the requisite structure to win the presidential contest.

Adducing reasons why he won the presidential election, Tinubu said it was his consistency and track record of excellence in public service that endeared him to millions of the electorates across the federation.

The president-elect similarly faulted the claim by the AA that its presidential candidate was excluded from the election, arguing that its known candidate, Mr Al-Mustapha, participated in the election.

In a preliminary objection to the APM’s petition, the APC argued that “the petitioner (APM) alone in the absence of its sponsored candidate cannot benefit and did not have any special interest in the election or return of the 3rd respondent (Tinubu) as the winner of the election.’’

The APC queried the legal capacity of the party to challenge the mode it adopted in nominating its candidate.

The APC further argued that since the APM was not a member of the party, it did not know “how it becomes the petitioner’s business how it nominates its candidates.”

The APC added that Okanigbuan (listed as the 2nd petitioner) “is not the 1st petitioner’s AA’s validly nominated and sponsored candidate to contest the presidential elections held on Feb. 25.”

Ozekhome confident

Ahead of the commencement of sitting by the PEPC a member of the PDP legal team, Mike Ozekhome has expressed confidence in the ability of the panel to dispense justice without fear or favour.

The constitutional lawyer told our correspondent that justice is the singular most potent force that would determine the outcome of the petition filed by the party and former Vice President, noting that the justices would be guided by a sense of responsibility to their fatherland and not the powers of the state.

He said, “We are hopeful that justice shall be served without the tribunal listening to the blaring sirens of power, or being swayed by officialdom or government jack-bootism.”

According to him, the party has sufficient evidence to back up its claim that the declaration of Tinubu was flawed, noting that the evidence will guide the learned Justices in giving their ruling on the disputed elections.

In his response, the APC Director of Publicity, Bala Ibrahim, expressed optimism that the hearing is a window of opportunity for the court to affirm the victory of the president-elect.

He stated, “I think I heard the CJN talking about the speedy dispensation of the issue. They are, of course, aware of all these things. It must be in their reckoning that time is of the essence.

“If it cannot be disposed of within the period, there is no need for it. I want to believe they are going to see to it. After all, justice delayed is justice denied. I am sure they will do the needful.”

The Chief Spokesman for the Obi-Datti Presidential Campaign Council, Yunusa Tanko, disclosed that the tribunal understands the need to execute the cases in line with the Electoral Act.

He said, “I think they should (be able to conclude it). The Electoral Act was very clear in stating that all cases must have finished before the handing over. So let’s see what they are going to do.

“We are still optimistic though. They know the danger of not concluding the issue on time based on the Electoral Act. So they have got to explain to us. The rule has been given already.”

 

Credit: The Punch

BIG STORY

Access Holdings’ Shareholders Unanimously Back Capital Raising Plan, Hail Aig-Imoukhuede’s Return As Chairman

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  • Re-elect Olusegun Ogbonnewo, Ojinika Olaghere as a Non-Executive Directors

 

The shareholders of Access Holdings Plc (“Access Holdings” or “the Group”) at the 2nd Annual General Meeting (AGM) held on Friday, April 19, 2024, unanimously backed the Group’s plan to establish a capital raising programme of up to US$1.5 billion as well as the subset initiative to raise up to N365 billion, specifically, through a Rights Issue of ordinary shares to its shareholders.

The proceeds of the Rights Issue would be used to support on-going working capital needs, including organic growth funding for its banking and other non-banking subsidiaries.

The shareholders also ratified the appointments of Aigboje Aig-Imoukhuede, Olusegun Ogbonnewo, and Ojinika Olaghere as Non-Executive Directors.

The appointment of Aig-Imoukhuede as the Chairman of Access Holdings was praised by the shareholders, who pointed to his rich history of success with the institution, having transformed it into Nigeria’s biggest lender by market value alongside Herbert Wigwe. Aigboje’s leadership was instrumental in driving the institution’s growth during the 2004 recapitalisation of the banking industry led by the Central Bank of Nigeria (CBN) under the leadership of its former Governor, Prof. Charles Soludo.

“We are thrilled with Aigboje Aig-Imoukhuede’s return to the role of Chairman. His proven track record, experience, and strategic insights position him as the ideal leader to steer Access Holdings towards meeting its lofty targets. During his tenure as CEO, particularly during the recapitalisation directive by the CBN, he steered Access Bank to raise an impressive $2 billion in capital, and this demonstrates his capacity to, once again, lead Access Holdings towards successfully achieving the objectives of our planned Capital Raise and Rights Issue targets,” said Chief Sunny Nwosu, Chairman Emeritus of the Independent Shareholders Association of Nigeria (ISAN).

In line with the Group’s strong financial performance, the payment of a final dividend of N1.80 kobo per every N0.50 Kobo ordinary share for the 2023 financial year was approved, marking a 28 per cent improvement from the corresponding period in 2022.

The Group’s full-year results for the period ending December 31, 2023, showcased an impressive 335 per cent increase in pre-tax profit to N729 billion from N167.68 billion in 2022. The Group also experienced an 87 per cent surge in gross earnings to N2.59 trillion from N1.39 trillion in 2022 and reported a remarkable 306 per cent growth in profit after tax to N619.32 billion, from N152.20 billion in 2022.

Commencing in the second half of 2024, Access Holdings’ global expansion strategy will enter the consolidation and efficiency phase, aligning with its five-year plan to accelerate the attainment of its 2027 strategic objectives. The Group remains focused on driving sustainable growth, and delivering value to its shareholders even as it continues to build a globally connected community and ecosystem, inspired by Africa, for the world.

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BIG STORY

Customs Adjust FX Rate For Import Duties To N1,147/$

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The foreign exchange (FX) rate for duties has once again been modified by the Nigeria Customs Service (NCS) to N1,147.02 per dollar.

When compared to the N1,238.1/$ reported on April 18, this indicates a decline of 7.3 percent. On Friday, the customs rate was observed.

It dropped below the official foreign exchange rate, which ended trading at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on April 18 at N1,154/$.

The drop in the FX rate for customs tariffs and duties is coming amid the Central Bank of Nigeria‘s (CBN) effort to stabilise the naira.

On April 17, the naira appreciated to N1,050 at the parallel section of the FX market, from the N1,100/$ traded on April 15.

Meanwhile, on April 16, President Bola Tinubu inaugurated the national single window (NSW) project to boost trade in Nigeria.

NSW is an electronic portal linking all agencies and players in import and export processes to an integrated platform.

Speaking on the development, Adewale Adeniyi, the comptroller-general (CG) of Nigeria Customs Service (NCS), said the country is making progress with consultations on the reopening of the borders with Niger Republic and Benin Republic.

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8 Nigerians In South Africa Police Net For “Attacking Officers During Drug Raid”

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Eight Nigerians have been taken into custody by the South African police for reportedly fighting police during a drug operation.

The suspects were taken into custody in the province of the Northern Cape, the police said in a statement released on Friday.

According to the police, the suspects also caused damage to other properties and cars.

“At the time of the arrest, police were tracing information of one of the Nigerian nationals being in possession of drugs,” the statement reads.

“While conducting this search, a large group of Nigerians attacked police. Police fired rubber bullets to disperse the crowd.

“One suspect was arrested for illegal possession of drugs, and three suspects were arrested for public violence and detained at Kimberley Police Station.

“During processing, the suspects broke windows at the station. Additional charges of malicious damage to property were added.

“Another group of Nigerians later approached the Police Station and threatened to retaliate.

“The Operational Commander warned the group to disperse.

“However, upon dispersing, the group damaged police vehicles. Another four suspects were arrested for malicious damage to property.”

Koliswa Otola, police commissioner for the province, commended officers for the arrest of the suspects.

Otola condemned acts of violence against law enforcement agents, saying those who prevent police from exercising their duties “will be dealt with harshly”.

“We will not allow such lawless behaviour,” the commissioner said.

“We are processing the suspects and working with Home Affairs to determine if they are legally or illegally in the country.

“Police will continue to stamp the authority of the state in the Northern Cape Province.”

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