The All Progressives Congress (APC) has reacted to the sack of its governorship candidate, David Lyon, and his running mate, Biobarakuma Degi-Eremienyo, by the Supreme Court via its National Chairman Adams Oshiomole. The apex court had disqualified Degi-Eremienyo for certificate forgery on Thursday, February 13, 2020. A five-man panel of the apex court led by Justice Mary Peter-Odiliordered the Independent National Electoral Commission (INEC)to withdraw the certificate of return issued to the APC candidates as the winners of the November 16, 2019 governorship election in Bayelsa state. The Court ordered INEC to issue new certificates to the candidates of the party with…
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The Independent National Electoral Commission #INEC has said it would act on the judgment of the Supreme Court directing it to withdraw the Certificate of Return it issued the governorship candidate of the All Progressives Congress APC in Bayelsa State, Chief David Lyon. #INEC, however, said it was yet to be served with a copy of the judgment as at Thursday afternoon. “I am not sure the Commission has been served with the judgment of the Supreme Court yet. I will keep you posted”, Chief Press Secretary to the INEC Chairman, Mr Rotimi Oyekanmi said this to press men. Also,…
A while ago, ourworldgist reported that Supreme Court Sacks Governor-Elect Of Bayelsa and following this development, the presidential flagbearer of the Peoples’ Democratic Party ( PDP), his excellency Alhaji Abubakar Atiku has reacted. Atliku ‘s reaction is culled from official Facebook page below: “I received the verdict of the Supreme Court, declaring the candidate of the Peoples Democratic Party in the Bayelsa state gubernatorial elections, Senator Douye Diri, as the duly elected Governor of the state, with gladness. Senator Douye Diri had cause to visit with me before the elections and received my blessings and counsel. I am fully satisfied…
The Supreme Court, on Thursday, sacked the governor-elect of Bayelsa State, David Lyon and his Deputy, Biobarakuma Degi-Eremieoyo. The apex court, in a unanimous decision by a five-man panel of Justices led by Justice Mary Odili, held that Degi-Eremieoyo presented a forged certificate to the Independent National Electoral Commission, INEC. It held that the Form CF 001 Degi-Eremieoyo submitted to INEC for the purpose of the November 16, 2019, governorship election in the state, contained false information of fundamental nature. Justice Ejembi Eko who delivered the lead judgement reinstated the November 12, 2019, Judgement of the Federal High Court in…
Following reports of security concerns in Maiduguri on Wednesday night, Borno Governor, Prof Babagana Umara #Zulum showed up 12am (midnight) to restore and build public confidence, assess situation and meet victims. The scene was in Damboa road around Maiduguri NNPC depot. A rocket propelled grenade was believed to have been launched by boko haram insurgent from unknown distance and it fell on a house in Jiddari injuring occupants. #Zulum had on receiving the news of the attack, been in touch with heads of security agencies monitoring responses from forces. Members of a family were largely affected by the grenade. #Zulum…
Kogi State Chapter of the Peoples Democratic Party (#PDP) has threatened to seek legal action against Governor Yahaya Bello of All Progressive Congress (APC) if Kogi State Governor pulls down any of the party’s billboard insisting that it is against the electoral law. The #PDP in a statement signed by Achadu Dickson, Director Research and Documentation, says the Governor has no right to order for the dismantling of other party’s billboard. The party maintained that the election in Kogi State is not yet over until after the supreme court judgement, expressing confidence that it will reclaim its victory as freely…
So many people delve into cryptocurrency trading without knowing the origin of its exchange. In this article, our Financial Expert Columnist, Sani Michael Omakoji, reminiscences the chronicles of cryptocurrency exchange. Let us read him; “ A cryptocurrency exchange or a digital currency exchange (DCE) is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. A cryptocurrency exchange can be a market maker that typically takes the bid-ask spreads as a transaction commission for is service or, as a matching platform, simply charges fees. A digital currency…
Cryptocurrency does not operate in isolation thus, there are measures or regulations to guide its operations around the world. In view of the above statement, our Financial Expert Columnist, Sani Michael Omakoji, tells us the legalities of cryptocurrency and its regulations around the world. Let us read him; “ The legal status of cryptocurrencies varies substantially from country to country and is still undefined or changing in many of them. While some countries have explicitly allowed their use and trade, others have banned or restricted it. According to the Library of Congress, an “absolute ban” on trading or using cryptocurrencies…
Recall that in the previous write- ups, our Financial Expert Columnist, Sani Michael Omakoji, dealt with essential things you need to know about cryptocurrency and he did promised in one of his write-ups that he was going to also talk about “Bitcoin” thus, the preceding write-ups are series on Bitcoin to fulfill his promise. In this particular article, he tells us what is Bitcoin and how come about Bitcoin. This implies that, in this article, you expected to learn what is Bitcoin and the history of Bitcoin all courtesy of our noble Columnist, Sani Michael Omakoji. Let us read him:…
Since the advent of blockchain, its has received a lot of criticism around the globe. In this article which is the concluding part on “blockchain” as a topic, our Financial Expert Columnist, Sani Michael Omakoji, highlights some of these criticisms Let us read what he has to say; “ for better understanding, the criticisms against blockchain are contained in “the Bank for International Settlements” for that of 2018 Annual Report. The criticisms include the lack of stability in bitcoin’s price, the high energy consumption, high and variable transactions costs, the poor security and fraud at cryptocurrency exchanges, vulnerability to debasement…