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Ogun PDP Crisis: INEC Nullifies Adebutu’s Guber Candidacy

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Ogun PDP Crisis: INEC Nullifies Adebutu’s Guber Candidacy

The Independent National Electoral Commission (INEC) has formally recognised the list of candidates for the 2019 general elections submitted to it by the Mr Adebayo Dayo led State Executive Committee of the Peoples Democratic Party, (PDP) in Ogun State and sent orders of letter to the Federal High Court in the state.

The Commission, in its order to the Federal High Court stated that it had received the list of candidates for the governorship, National Assembly and State House of Assembly elections from the committee, which is believed to be loyal to Senator Buruji Kashamu, representing Ogun East Senatorial District of Ogun State at the National Assembly.

In a letter dated October 25, 2019 signed by Mr Okechukwu Ndeche, the Acting Secretary to the Commission and to the National Chairman of the PDP, Prince Uche Secondus, the commission stated that the decision was based on the various Federal High Court cases on the true position of the State Executive Committee of the party until they were set aside.

According to the letter which was received at the National Secretariat of the party in Abuja, “consequently, the commission hereby noted the decisions of the Federal High Court in the above referred cases and would publish the lists of candidates submitted by the Adebayo Dayo led State Executive Committee of Ogun State pursuant to the Orders of the Federal High Court until they are set aside”.

‎It would be recalled that ‎the National Executive Committee, NEC of the Party had earlier expelled Senator Kashamu, Adebayo Dayo and two members of the Ogun State chapter of the party over alleged anti-party activities which was later overturned by the court.

In a reaction to the recognition by INEC’s decision, Kashamu commended the Commission and the leadership of the party for the recognition of the Engr. Adebayo Dayo Ogun PDP Exco to participate in the forthcoming 2019 elections.

He, however, call on party elders, leaders and teeming supporters to embark on massive mobilisation and reconciliation for successful outing at the polls.

Nigerian News

IATA Inaugurates Turbulence Aware Data Resource To Forecast Turbulence

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IATA Inaugurates Turbulence Aware Data Resource To Forecast Turbulence

The ability of airlines to forecast and avoid turbulence would now be greatly enhanced as the International Air Transport Association, IATA, has inaugurated a turbulence aware data resource.

IATA said the system would pool and share turbulence date generated by participating airlines. The global body for airlines said before now, airlines had to depend on reports and weather advisories from pilots to offset the impact of turbulence.

IATA says the result would be the first global, real-time, detailed and objective information for pilots and operation’ professionals to manage turbulence.

It is expected that airlines operating in Nigeria would participate and benefit from this new system.

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Nigerian News

Oil Price Stability Buoys Nigeria’s Budget Benchmark

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Oil Price Stability Buoys Nigeria's Budget Benchmark

Nigerian budget benchmark appears buoyed by oil price stability as a result of cuts in production levels to which OPEC members have agreed.

The benchmark of sixty dollars was eroded by sustained drops in price. The high for the year was eighty-six dollars which dropped to about fifty-eight dollars last week.

It rebounded to sixty-two dollars per barrel last week, just as the federal executive council was to hold an emergency meeting on how the price drops would affect the Nigerian budget.

Opec countries had agreed to reduce daily production by eight hundred thousand barrels, while non-OPEC members decided to reduce production by four hundred thousand barrels per day.

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Business News

CBN And MTN Plan To Settle $8b Rift Out Of Court

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CBN And MTN Plan To Settle $8b Rift Out Of Court

It seems as though the Central Bank of Nigeria and telco giant, MTN, are trying to find ways of resolving the $8 billion rift between them. One of MTN’s lawyers is quoted as saying they are making moves toward an out-of-court settlement.

Meanwhile, counsels for both parties have secured another adjournment until late January.

Another $2 billion case involving MTN and the Nigerian attorney general’s office was adjourned as well last week until early January.  This case is related to alleged back taxes owed by MTN.  The telco giant has denied it owed the taxes.

The $8 billion case was a result of a charge against MTN for allegedly violating Nigeria’s extant laws.  In August, Central Bank of Nigeria sanctioned MTN Nigeria for allegedly using irregular certificates of capital importation to transfer $8.1 billion to South Africa on behalf of its offshore investors.

MTN is being asked to return the $8.1 billion to Nigeria.

Mtn group’s Nigerian operations account for one-third of its entire African market share.

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