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Emefiele: LP urges Tinubu to probe INEC, leave CBN alone

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***Says Suspension unconstitutional, vindictive, not in good taste

***Calls out Gbajabiamila for not speaking up now that he is with the govt

The Labour Party has reacted to the suspension of the Central Bank of Nigeria (CBN) Governor Godwin Emefiele by President Bola Tinubu, describing the action as unconstitutional vindictive and in bad taste

The National Publicity Secretary of the party Obiora Ifoh in a statement in Abuja on Saturday said the leadership of the Labour Party was disturbed by the decision of the President to suspend/sack the Governor of the Central Bank, Godwin Emefiele, albeit unconstitutionally without seeking the permission of the national assembly.

He said the action was not in good taste and sounds punitive.

To back up the position of the party Mr. Ifoh quoted Femi Gbajabiamila when he was minority leader of the House of Representatives, January 13, 2014 

“Mr President has the right to ask the CBN governor to resign, same way, Nigerians have the right to ask him or anyone to resign. However, he does not have the powers to do so. Having a right is one thing, having the power is another. Many have asked Mr President to resign but lack the powers to compel him to do so,” 

According to Ifoh the party was  drawing inspiration from what Femi Gbajabiamila, then Minority Leader, had said years ago (as quoted above) over a similar situation when President Goodluck Jonathan sacked former CBN Governor, Sanusi Lamido Sanusi, wherein he questioned the powers of the President in sacking the CBN Governor. 

He said if Gbajabiamila as opposition leader made it clear that the President lacked powers under the laws of the land to sack the CBN boss, one wonders what has changed between that time and now.

“Femi Gbajabiamila is the current Speaker of the House of Representatives and also holds the enviable portfolio as the Chief of Staff to President Tinubu. 

“He had then argued that the law requires the President to seek the approval of two third of the Senate to be able to sack the CBN Governor. 

“Reasons being essentially to enforce the doctrine of Checks and Balances and to avoid the abuse of powers of a capricious and arbitrary President, while at the same time guaranteeing the autonomy of the CBN. 

“But under Gbajabiamila’s watch, Emefiele was fired in a most unconstitutional and vindictive manner. 

“It is only in Nigeria that we find people that approbate and reprobate at the same time. People say one thing from one side of their mouth and another from the other side, especially when it favours them politically and otherwise. 

“That explains why the country is in shamble: no rule of law, no equity, no justice, and no fair play. People don’t follow standard rules and procedures. That is why every aspect of our live, be it our economic, political and social live, is challenged.

“Gbajabiamila because he was in the opposition at that time, he saw everything wrong with President Jonathan sacking Sanusi, today he is on the other side of the divide, he doesn’t see anything wrong with it. 

“This is what Nigerians will face in the APC government, where perceived enemies are dealt with, perceive opposition parties and their members are dealt with, even when they are protected by the law. 

“Most Nigerians will not forget in a hurry the famous Naira redesign policy initiated by Emefiele primarily to check vote buying in the last general election. A noble policy which a particular candidate then unfortunately believed was targeted at him. 

“To him, it was a mortal sin which cannot be forgiven and must be punished. Labour Party believes that Emefiele, a fall guy, is paying for his “sin”. 

“The government said the suspension of Emefiele is “sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.”

Mr. Ifoh said it is laughable to read that statement as most Nigerians are already aware of the intention of the government. Accordkng to him, If indeed, there is any government agency that should be investigated with this utmost urgency, should it not be the Independent National Electoral Commission, (INEC) and its Chairman, Prof. Mahmood Yakubu? 

“This is the institution that is responsible for the mockery of our democracy. This is an institution which asked and received N355bilion in tax payers money to conduct, the worst ever election in the history of Nigeria and in Sub Saharan Africa. 

“This is an election umpire that has shamelessly chosen to be partisan during and after election, even at the tribunal.

He also urge the APC led government to carry out a thorough investigation of the CBN and particularly, the last APC government’s interference in the operation of the apex bank. “Nigerians will not tolerate political and peripheral investigation. We suggest a forensic auditing by an independent firm and by so doing, maybe the real culprits, not just Emefiele will be unearthed.”

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NASS caucus assures PDP Will Bounce Back, insists Party is greater than Wike, Damagun

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Abba Moro

Senate minority Leader and key member of the Peoples Democratic Party (PDP) caucus, Senator Abba Moro, has reiterated the party’s commitment to restructuring and regaining its electoral strength.
Speaking after the Peoples Democratic Party (PDP) National Assembly caucus meeting on Wednesday, Moro addressed concerns about the party’s recent setbacks and ongoing efforts to prepare for future electoral challenges.

Moro emphasized that the PDP remains resilient despite recent losses, including gubernatorial elections, and is strategizing to strengthen the party.

“We discussed the affairs of the party, particularly as we approach a critical meeting of the National Executive Council (NEC)to take vital decisions on the state of the PDP,” Moro said.
“We are intensifying efforts to ensure the party grows stronger and prepares for subsequent elections without distractions.”

Addressing allegations of vote buying in recent elections, Moro expressed concern over the state of Nigeria’s democracy and the conduct of the Independent National Electoral Commission (INEC).

“Everyone is worried about Nigeria’s democracy,” he said. “INEC has faced criticism, but every failure is a lesson. We must ensure that mandates stolen from the people, like in Edo State, are restored. Failure should become a mechanism for future success.”

Responding to criticisms of PDP’s Acting National Chairman, Umar Damagun, Moro dismissed claims that his leadership has been detrimental to the party.

“The PDP is not just about one individual,” he stated. “Damagun is the acting chairman, but PDP is about all its members. We are working round the clock to return the PDP to its winning ways.”

He also downplayed the influence of PDP members like FCT Minister Nyesom Wike, who has been associated with the APC.
Moro likened such political dynamics to bipartisan endorsements seen in the United States, emphasizing that PDP remains focused on rebuilding.

“Anyone working against the PDP today will have to contend with the resilience of PDP members,” he warned.
Highlighting the party’s long-standing reputation, Moro described the PDP as a resilient brand that has always bounced back from challenges.

“PDP is a brand,” he declared. “Despite temporary setbacks, we will bounce back. Once our electoral laws are strengthened, future election results will not be the same.”

When asked who should be blamed for the party’s challenges, Moro refrained from finger-pointing, stating:

“The most important thing is that something is not right. We are working to fix it, and we will get it right.”

The meeting concluded with a renewed commitment from the PDP Senate caucus to revitalize the party and ensure better outcomes in upcoming elections.

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Prince Adewole Adebayo Condemns Ondo Election, Calls It an “Ondo Auction”

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Prince Adewole Adebayo

***Describes Process as “Victimless Crime” in Scathing Critique

The Social Democratic Party (SDP) presidential candidate in the 2023 elections, Prince Adewole Adebayo, has issued a critical assessment of the recent Ondo State Governorship Election, labeling it an “Ondo Auction.”
Adebayo argued that the election was less about genuine democracy and more about transactional politics, with “willing buyers” and “willing sellers” dominating the process.

Taking to his X account, Adebayo suggested that the Ondo election could serve as a case study for the Central Bank’s foreign exchange practices, given the efficient “marketplace” nature of the vote.
He lamented what he saw as a lack of authentic voter engagement, claiming that ballots appeared to be traded as commodities rather than cast with genuine intent.

Adebayo extended his criticism to the Independent National Electoral Commission (INEC), the police, and major media outlets, whom he accused of watching passively as the alleged auction unfolded.
Offering sarcastic congratulations to those who “purchased” the victory, he sympathized with voters, whom he felt had unknowingly relinquished their democratic power in a flawed process.

Quoting a biblical phrase, “Father Forgive Them For They Know Not What They Do,” Adebayo expressed sadness over the state of democracy in Ondo and called for divine intervention to steer Nigeria towards a more transparent electoral future.

In his post, Adebayo remarked: “The Ondo State Governorship Election of yesterday is what criminologists would term as victim-less crimes: a spectacle of willing buyers @OfficialAPCNg meeting willing sellers in a perfect market that should be an example for @cenbank in the foreign exchange markets. Ondo Auction is smoother than the Dutch Auction. Four years sold so freely and openly that no one should lie that they were coerced or intimidated or browbeaten. And @PoliceNG and @inecnigeria @AIT_Online @ARISEtv @KAFTAN_TV @channelstv @NTANewsNow all witnessed it live.

“No one should pretend that they need someone to interview over this. It is in order to congratulate the buyers on their purchased ‘victory’ while shedding some tears for the sellers with the Calvary elegy that ‘Father Forgive Them For They Knoweth Not What They Do.’ God Bless Nigeria and may God Guide Ondo State.”

Adebayo’s post has since sparked conversation across the country, with calls for reform and a stronger commitment to electoral integrity in Nigeria.

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Olorunfemi Ayodele Festus Reinstated as LP’s Candidate for Ondo Governorship Election

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The Independent National Electoral Commission (INEC) has announced the reinstatement of Olorunfemi Ayodele Festus as the Labour Party (LP) candidate for the Ondo State governorship election, replacing Olusola Ebiseni just hours before the vote.
The decision followed a Court of Appeal ruling which overturned an earlier Federal High Court judgment that had named Ebiseni as the party’s candidate.
In an official statement shared on its X handle, INEC confirmed receiving the Certified True Copy (CTC) of the appellate court’s judgment.
INEC’s statement explained that the Federal High Court in Abuja had initially directed the Commission on September 27, 2024, to recognize Ebiseni as LP’s candidate, but the Court of Appeal nullified this decision, citing jurisdictional issues.

In compliance with the appellate court’s ruling, INEC restored Festus’s candidacy, adding his name to their website as the official Labour Party nominee for the 2024 Ondo State Governorship election.
This unexpected development introduces a last-minute shift for the Labour Party, which has been actively preparing for a competitive election.

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