Category: General

JUST IN: 12 Newly Elected House Of Representative Members Take Oath Of Office, Pledge Allegiance

JUST IN: 12 Newly Elected Representatives Take Oaths Of Office, Pledge Allegiance

Twelve newly elected members representing various Federal Constituencies in the House of Representatives were sworn into office and pledged their allegiance on Thursday.

They secured victory in the parliamentary re-run elections held last Saturday.

Despite 15 candidates emerging victorious, only 12 were present in the House chamber for their inauguration, overseen by Speaker Abbas Tajudeen.

Among the winners, seven are affiliated with the All Progressives Congress, five with the Peoples Democratic Party, three with the Young Progressives Party, and one with the Labour Party.

Accompanied by their family members, friends, and political associates, the new lawmakers made their way to the National Assembly Complex for the ceremony.

Meanwhile, the House of Representatives has instructed its Committees on Banking Regulations and Banking Institutions to carry out an investigative hearing regarding the non-compliance of commercial banks and financial institutions with the directives of the Central Bank of Nigeria on the Net Open Position Limits (NOP).

The NOP represents the net outstanding balance of all assets, liabilities, and off-balance sheet items denominated in a specific currency.

The CBN had, in a circular, ED/FEM/PUB/FPC/001/001, dated January 31, 2024, co- and signed by its Director, Trade and Exchange, Hassan Mahmud, and Rita Sike on behalf of the Director, Banking Supervision, addressed to all banks, directed that NOP limit “should not exceed 20 per cent short or 0 per cent long of shareholders’ funds unimpaired by losses using the Gross Aggregate Method.”

The circular from the apex bank further emphasized that “banks whose current NOP exceed 20 per cent short of 0 per cent long of their shareholders’ funds unimpaired by losses are required to bring them to prudential limits by February 1, 2024.”

During a plenary session chaired by Speaker Tajudeen Abbas on Wednesday, the House unanimously adopted a motion of urgent national importance concerning the imperative for banks to adhere to the Central Bank of Nigeria’s (CBN) policies regarding the retention of excessive long foreign exchange and Net Open Position (NOP) limits.

The representative of Ikorodu Federal Constituency, Babajimi Benson, introduced the motion.

Benson highlighted that the CBN is entrusted with regulating the country’s monetary policies as stipulated by the CBN Act.

He emphasized that within the scope of its duties, the CBN is authorized to formulate regulations and issue directives for commercial banks and specific financial institutions to implement.

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Akeredolu’s Death Will Enhance My Chances Of Becoming Ondo Governor – Jimoh Ibrahim

The lawmaker representing Ondo South senatorial district, Jimoh Ibrahim, has declared his intention to contest in the governorship election in Ondo State.

Ibrahim who noted that he is ready to contest, said the death of a former governor of the state, Rotimi Akeredolu, will enhance his chances of becoming the next governor.

The lawmaker, on Thursday, expressed optimism that there would be no imposition of a candidate from the national leadership of the All Progressives Congress and the Presidency.

Ibrahim, who spoke in Akure, the state capital, said President Bola Tinubu would allow a free and fair primary to enable the best candidate to emerge.

He said, “I’m declaring my intention to run for the governorship election of Ondo State. Among the contestants, I am the oldest. I have contested election twice in my lifetime, one of which I contested for governorship position in 2003, and none of these contestants was on that ballot.

“The President will never say that we should go and work for the incumbent governor. He can only appeal that maybe he prefers one person if you can prefer him and if you cannot, go and do your election. So the President cannot say that I have taken this person so all of you should go and sit down. Even Buhari who is very clueless about anything can never do that.”

The APC governorship aspirant also noted that the death of former Governor Rotimi Akeredolu would not affect his chances but would rather increase the chance of winning the primary and the main election.

He further stated, “Maybe the death of Aketi has enhanced my chances because Aketi is a human being, he can be subjectively objective at the last minute. But now that he is no more, that possibility is written off completely. So whoever is there, wants to run for governor will meet me at the field.

“So Aketi’s death doesn’t affect my chances at all, but it would rather enhance my chances to win the governorship position of this state. So we are working seriously to win this election.”

He noted that economy and security were part of his cardinal programmes for the state, saying there was a need to empower the state Security Network Agency also known as Amotekun with modern technology to enable it to combat criminals effectively.

Ibrahim said, “My programmes are very straightforward, we are to create moral efficiency and moral knowledge and make the body more efficient. We must also map Ondo State borders for a security network and then ensure that we will never have any cases of kidnapping, by making Amotekun a classic unique security outfit that will come with a good strategy to challenge any security issues in our state.

“So one of the areas we are looking at is to ensure that everybody in Ondo state can go to sleep with their eyes closed and that’s top most of our priority. Mapping every systems, the tactical operations of Amotekun have to come more distinct into technology, I want an Amotekun that is Information Technology informed because I have PhD in war.”

As the primary of the political parties in the state is drawing nearer, many aspirants of the APC have shown their interest in the contest.

Some of them, apart from Jimoh Ibrahim, include the incumbent governor, Mr Lucky Aiyedatiwa, a former Commissioner for Finance, Mr Wale Akinterinwa, a former Member of the House of Representatives Mr Mayowa Akinfolarin, the former Secretary to the State Government, Mrs Oladunni Odu (who is only the female among the aspirants), a former governorship aspirant of the APC, Chief Olusola Oke, Dr Paul Akintelure, Brig-Gen Olamide Ohunyeye (retd), among others.

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