News
CBN: Group Propose Bill To Grant Immunity to CBN Governor
In a bid to bring stability to Nigeria’s economic policies, the Save Nigeria Movement has embarked on public advocacy campaign to ensure that the Central Bank of Nigeria governor enjoys some level of immunity from endless legal actions.
The group in a statement by its convener Rev Solomon Semaka argued that unless the CBN enjoys some level of insulation, economic saboteurs will continue to frustrate government genuine intentions.
” We are are mindful of the implications of abuse of discretion but it’s important to grant minimum protection to critical public officials in other to minimise distraction in the line of their official duties”.
The group maintained that office of the CBN governor appears to be critical much more than state governors who enjoy almost absolute immunity.
“It doesn’t serve the country any good when the custodian of the nation’s treasury is being distracted with multiple legal actions in the cause of official duties.”
Rev Semaka further revealed that, 80% of legal actions against the CBN Governor are academic and frivolous according to available records.
“Most of the legal actions are a dead end from the beginning, but for the purpose of distabilising and discrediting the country leadership, people prefer to embark on them just to get back at government.”
In the interest of national economy and stability, we are sponsoring a bill to the National Assembly to ensure that this unnecessary distractions are limited by an act of parliament”.
We believe this will hasten our economic stability and ensure that every genuine policy of government is implemented without avoidable judicial reviews.
The Transmission Company of Nigeria (TCN) has reported its seventh partial grid collapse in 2024. Despite the recurring issue, TCN’s General Manager of Public Affairs, Ndidi Mbah, reassured the public that efforts to restore power are well underway, with about 90% of substations receiving bulk power.
Mbah noted that the Azura Power Station initiated the grid recovery, although a minor setback occurred. However, power supply has been restored to the Abuja region and other key distribution centers. The Ibom Gas Generating Station remained unaffected, continuing to supply power to the South-South region.
An investigation into the cause of the collapse will commence once full grid restoration is achieved.
Vice President Kashim Shettima has expressed deep sorrow over the tragic tanker explosion in Jigawa State, which claimed over 100 lives. In a statement issued by his media aide, Stanley Nkwocha, Shettima, on behalf of President Bola Tinubu, extended condolences to the affected families, praying for strength and comfort in their time of grief.
Shettima assured the public that the federal government is mobilizing resources to support the injured and assist those affected. He has directed the immediate deployment of the National Emergency Management Agency (NEMA) to provide aid. The Vice President also stressed the need for a review of fuel transportation safety protocols to prevent future incidents.
In a separate statement, First Lady Oluremi Tinubu offered her condolences to Jigawa Governor Umar Namadi and the people of Jigawa, praying for peace and comfort for the families affected. She called the incident “unfortunate” and extended prayers for the recovery of the injured and the repose of the souls lost in the tragedy.
The Nigeria Customs Service (NCS) has revealed that it intercepted a total of 10,598 pieces of arms and 114,929 rounds of ammunition valued at N9.58 billion over the past six years. Comptroller General of Customs, Bashir Adewale Adeniyi, made this disclosure during a press conference on enforcement activities in Zone A.
Adeniyi highlighted that 60% of these seizures occurred in 2023, reflecting the Customs’ increased efforts to curb arms smuggling. He also mentioned that recent operations such as Operation Whirlwind and Operation Swift Sting are part of a strategic response to tackle evolving smuggling tactics.
In addition to arms seizures, the Customs CG announced the largest pangolin scale seizure since 2020, with 9,493 kg of scales confiscated in collaboration with the Wildlife Justice Commission. The joint operation led to four arrests across Kano, Kaduna, and Lagos. The NCS continues to intensify efforts against wildlife trafficking, targeting supply routes in northern Nigeria and border areas.
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