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Can Tinubu Lawfully Suspend or Sack Emefiele As Nigeria’s Central Bank Governor?

By
Stanley Alieke
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0

The Governor of the central bank of Nigeria has just been suspended and immediately arrested and detained by the agents of the state security services (SSS). According to rumors making around the corner, the governor was arrested on ten allegations which include the following;

  1. Funding of unknown gunmen, ESN and IPOB,

  2. Mismanagement of Nigeria’s Social Investment program (NIRSAL) and the anchor Borrowers scheme,

  3.  Illegal economic crimes of National security dimension,

  4. Money Laundering,

  5. Unwholesome activities through proxy,

  6. Round Tripping,

  7. Conferment of financial benefits to self and others,

  8. Threat to national security,

  9. criminal conspiracy to divert government resources and

  10. Terrorism funding.

No doubt that Mr Emefiele’s hate and ordeal started with the naira notes redesign policy which coincidentally happened in the heat of political campaigns and this made some agents of the APC allege that it was his ploy to scuttle the campaign and backstage the electoral success of President Tinubu. It took court action to stop him from going on with that policy.

For the sake of legal argument, the issue that this suspension of the governor has posed again as it posed in 2014 when it first happened is whether the President can outrightly and unilaterally sack or suspend the governor of the central bank of Nigeria. According to S. 11(2)(f) of the CBN Act, 2007, the president can only sack the governor of the CBN if the sack was approved by a 2/3 majority of the Senate. This procedure was enshrined as a way of making the governor somehow independent of the Presidency so that he can execute his jobs without the fear of being outrightly or unilaterally sacked by the president anytime he wishes or wills.

Although there is an existing federal High Court judgment which tends to be the current authority on this matter; “whether the president has the power to sack or suspend the governor of the central bank unilaterally without recourse or approval from the senate”; Sanusi Lamido Sanusi v. President of federal republic of Nigeria & Ors.

Recall that this same thing playing out today played out in 2014 when the then governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi had a fallout with the then president Goodluck Jonathan, the president suspended him and also arrested and seized his International passport.  Sanusi Lamido Sanusi decided to go to court to enforce his rights and also hinging on the provisions of S 11(2(f) of the CBN act stating that the president has no such power to unilaterally remove or suspend him. The court held that although the president cannot remove the CBN Governor unilaterally as provided in S 11 of the CBN act, the president can exercise disciplinary control over the governor which includes suspension.

This matter was never appealed by the then governor hence this is the current rule on the matter; ie, although the president cannot unilaterally remove or sack the CBN governor as provided in s 11 of the CBN act, the president can lawfully exercise some disciplinary action over the governor by suspending him.

Travel Advisory Africa – VisitRwanda!

By
Nnamdi Madichie
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0

This is an exploratory study that seeks to investigate the Rwanda Tourism strategy with a view to inductively highlight trends, developments, roadblocks, and ways forward for tourism and hospitality. The study is based on a qualitative content analysis of documents including peer reviewed journal articles, policy documents and media sources – a view to theorising the pros and cons of strategic tourism for Rwanda and the implications for the sub-region.

Rwanda is making major strides in broadening and deepening its tourism aspirations from a multidimensional lens including sports, hospitality, and gorillas. The study contributes to the scant research in this space considering Rwanda’s aspirations to be a MICE (meetings, incentives, conferences and exhibitions) destination in Africa.

Ignore these News Headlines at your own Peril!

Arranged in no particular order, here goes!

·         Rwanda’s economy, tourism shine in Africa wealth report 2023. The New Times, March 31.

·         Rwanda ranked second safest country for solo female travellers. The New Times, April 4, 2023.

·         Musanze, Rwanda: World’s Greatest Places 2023. TIME Magazine.

·         Kigali remains Africa’s second most preferred city for hosting meetings. The New Times, May 30.

·         Gorilla trekking in Virunga ranked top touristic experience – The New Times

·         Rwanda’s economy, tourism shine in Africa wealth report 2023 – The New Times

Rwanda ranked second safest country for solo female travellers

Rwanda has been ranked as the second safest country for solo female travellers, thanks to its warm friendly hospitality and commitment to women’s inclusion and safety. The ranking was revealed by the British Broadcasting Corporation (BBC) on April 3, after consulting with Georgetown University’s Women’s Peace and Security Index, the World Economic Forum’s Global Gender Gap report, and the Institute for Economics and Peace Global Peace Index.

The BBC also talked to women who have travelled alone to top-ranking countries to understand what made them feel safe, hear their own travel tips, and find out the best things to see and do as a solo adventurer. With more than 60 per cent of its parliament made up of women representatives, Rwanda ranks number one in the world for gender equality in parliament, according to the Women’s Peace and Security Index. It also ranks highly in the index’s perception of community safety and is ranked sixth in the world in the Global Gender Gap index, which measures how equitable a country is in terms of economics, education, healthcare, and political participation.

Rwanda’s economy, tourism shine in Africa wealth report 2023

Rwanda has been recognized for its remarkable achievements in a new report, “Africa Wealth Report 2023,” published on March 29. 

Rwanda also ranked seventh in the report’s list of the next 10 wealthiest African countries, demonstrating its potential for economic growth and development. The country’s focus on sustainable development enabled it to make strides in various sectors, such as technology, finance, and tourism.

For example, the Gorilla trekking safaris in Rwanda’s Virunga Mountains, in Musanze district, was not long ago,

“Included in the list of top vacation destinations for high-net-worth families. This recognition is significant, as it highlights Rwanda‘s potential as a tourist destination, providing a unique experience for high-end visitors seeking to explore Africa’s natural beauty.”

 

Rwanda Tourism Framework

Implications

In terms of its implications, the study seeks to advance, if not kick-start the conversation on tourism in Africa in general and Rwanda in particular with implications for the Tourism Board, the Visit Rwanda organisation and Higher education. It also impacts the march towards achieving the UN sustainable development goals (decent work, industry, innovation and infrastructure, quality education) – SDGs 8, 9, and 4 respectively, by connecting the dots for partnerships enshrined in SDG17.

All of the above align with the theme of a forthcoming African Research Group conference in Kigali themed, “Contemporary developments in the management of organizations in Africa: tapping into indigenous knowledge and developing viable partnerships.”

Table 1: MICE tourism market segments

Type Example Dates (past, present and future)
Association meetings & conventions. 73rd FIFA Congress. 14-16 March 2023, Kigali.
Corporate incentives. Kigali Special Economic Zone. Continuous/ Ongoing.
Corporate meetings. MWC GSMA Kigali 2022. 25-27 October 2022, Kigali Convention Centre, Kigali, Rwanda.
International events. Signing of the African Union AFCTA Agreement. 21 March 2018, Kigali.
Exhibitions. International Trade Exhibition on Agriculture & Equipment, Dairy & Equipment, Poultry & Equipment, Horticulture & Irrigation. March 2023, Kigali Convention Centre, Kigali, Rwanda.
Government meetings. Commonwealth Heads of Government Meeting (CHOGM 2022), 26th Meeting of the Heads of Government of the Commonwealth of Nations. 20-26 June 2022, Kigali, Rwanda.

Why it matters

Overall, there an anticipation of kick-starting the conversation on tourism in Africa in general, and Rwanda in particular, with implications for the Tourism Board, the Visit Rwanda – a department of the Rwanda Development Board. Although the exploratory nature of this article hampers any attempts at generalisation, it is well worth pointing out that such generalisation has never been the ultimate goal of qualitative studies of this kind. Rather it seeks to inductively highlight potential areas for theory development, which may be subjected to deductive theory testing in future studies.

_________________________________________________________________ “Until the lions have their own historians, the history of the hunt will always glorify the hunter” – Achebe (R.I.P.) Read my papers for free: http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=962279

There is no such thing as office of the First Lady

By
Stanley Alieke
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0

Earlier this week, there was news that the wife of President Bola Ahmed Tinubu, Senator Oluremi Tinubu has officially resumed her office at the Aso Rock villa as the First Lady of the federal republic of Nigeria. 

This is a clear case of introducing what was never there and was never part of the constitution into our political system as there is no such position or office as the office of First Lady of the federal republic of Nigeria provided for by the constitution or other legislative enactments.

Every political office in our political system is provided for by the constitution and other enacted legislations so as to avoid confusion and usurpation of power/functions by political jobbers and desperadoes.

It is the president of the federal republic of Nigeria that was sworn in by the Chief Justice of the federation and never the wife or with the wife. First Lady is a ceremonial title and ceremonial position with no real office or clear-cut duties except being the wife of the president, therefore, allocating an office at the presidential wing for the First Lady is an aberration. She is merely the wife of the president and nothing more. 

If the wives of all elected or appointed officeholders decide to wield executive offices or executive political power what will now come of our political space? Your guess is as good as mine.

Nigerian politicians should be careful of the precedents they set because it will definitely come back to hunt them. Allocating an official and executive power to the wife of the president or to the wives of the governors of the state is one of the precedents that if allowed to flourish will lead to chaos and confusion.

I have searched and still searching the constitution and other laws and there is nowhere it is written that “there shall be the office of the First Lady of the federal republic of Nigeria who shall be the wife of the presidents”. No provision as such.

This serves as a reminder for all elected and appointed government officials to tread with caution and stop making a mockery of our constitutions and laws; if this is allowed to continue, we might wake up to see the office of the first son or office of the first daughter of the federation all wielding official and executive powers. 

 

DSS Denies Having the Suspended CBN Governor, Godwin Emefiele, in Detention

By
Tiamiyu Ismail
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0

Contrary to earlier report that the suspended Central Bank Governor, Godwin Emefiele, has been detained by the Department of State Services (DSS) on Friday shortly after the order of his suspension by the president through the Office of the Secretary of Government of the Federation (SGF), the DSS on Saturday has debunked the news that the embattled boss of the apex bank is currently in its custody.

The DSS spokesperson, Dr Peter Afunanya, was reported to have made the disclaimer, saying Emefiele is currently not with the DSS.

In an earlier statement from the office of the SGF, the suspension of Emefiele was incumbent due to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.

Therefore, Mr Emefiele was directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the commencement and completion of the investigation.

Uwerx (WERX) Token Could Take Off As Aptos(APT) Did At Launch

By
TI Partners
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0

Following Aptos(APT)’ launch on the 17th of October, 2022. The crypto token has seen market favors that make it a top coin for investors. Despite launching at a perilous time for cryptocurrencies, Aptos(APT) has stayed on top of positive price trends and has had an impressive run in 2023. Uwerx is a new project looking to mimic some of the successes of Aptos(APT) and even do better. The project is on presale and pulling massive investors despite being new to the market. The WERX token is the current talk of the market, and you can join in by buying its token on presale.

Uwerx(WERX) Rides High In The Crypto Market.

Considering the offerings of Uwerx, it’s safe to say it is the most exciting project in the crypto market presently. The new project easily outperforms existing freelance platforms through its blockchain features. Uwerx offers unique competitive advantages that stand out from traditional freelance platforms. And early investors have seen the light.

The network’s native token, WERX, will function as a utility token and a form of investment for those looking to generate some income through its presale. Holders of the WERX token will also be able to stake the tokens and gain authority to participate in the network’s governance system. Uwerx offers a decentralized community like never before, allowing individuals to grow, earn more, and benefit from its unique offerings.

The network launched its Alpha version and plans to have the beta version up and running. If you’re looking to invest or sign-up, now might be the best time, as you’re still considered early.

Aptos(APT) 

Aptos(APT) is a crypto project that drove a wave of massive excitement in the crypto market. The project ignited waves of anticipation upon its release in 2022. The network launched by giving over 20 million APT tokens through its airdrop to 110,235 qualified addresses. It was a golden opportunity for investors to make money when the bear market was still taking full effect. The past few months have also been good for APT tokens, as it has performed exceptionally well and may be considered one of the best in 2023. Aptos(APT) could be a worthy buy if you want a long-term opportunity to build wealth. Uwerx, on the other hand, is a fresh opportunity to make money through its ongoing presale.

Uwerx(WERX) presale 

WERX token presale is on Stage 5, selling at $0.041. The project is tagged as the blue-chip innovation of 2023, and investors say the tokens could go as high as $1 by Q4. Buying the tokens early is your best bet to make money on the WERX network. You can also benefit from the 20% bonus offer accompanying this stage presale. Check the links below to join WERX on presale.

 

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network

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