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A socio-political organisation, Social Rehabilitation Gruppe (SRG) has condemned federal government 's deployment of military troops to Nigerian cities ahead of Saturday’s general elections, describing it as "unnecessary overkill, sheer intimidation and an anti-democratic move". In a statement by the SRG Convener/National Coordinator, Dr. Marindoti Oludare, the group demurred, saying the action had only portrayed Nigeria before the international community as a society at war with itself. It said the President had erred "in this anti-democratic decision" and that the court should hold him responsible once his immunity is over. "We view with concern, the deployment of military troops to cities in the different states of the federation as if the states are war zones. "Yes, Nigeri...

A Federal High Court sitting in Akure, Ondo State, on Thursday resolved to wait on the Supreme Court, as it adjourned hearing in a suit brought against the Central Bank of Nigeria (CBN) by a group, Social Rehabilitation Grace and Supportive Initiative (SRG), challenging the CBN over the voiding of old N200, N500 and N1000 Naira notes within a period considered too short. When the matter was mentioned, the trial judge, Hon. Justice T. B Adegoke, said it was improper for her court to commence trial as the suit is similar to the one pending before the Supreme Court, which is the highest court in the land. At the mentioning of the case, counsel to the SRG, Mrs L.E Ukpabi-Owolabi, said the group had brought a motion on notice to amend its originating summons, and also a second motion on ...

The Central Bank of Nigeria (CBN) at the weekend justified its reluctance to extend the expiry date for the old Naira notes on the need to save Nigeria's democracy by forestalling vote-buying in the coming presidential election. The apex bank gave the reason, among others, in a counter-affidavit to a suit filed against it by a group, Social Rehabilitation Grace and Supportive Initiative (SRG) led by a Nigeria-born United States medical practitioner, Dr. Marindoti Oludare. The SRG, code-named Social Rehabilitation Gruppe, was launched amid pomp and ceremony in Akure, the Ondo State capital, at the weekend. Reacting to the group's suit before a Federal High Court sitting in Akure, in which it asked the court to compel the CBN to extend the expiry date for the old Naira notes by six...

Sequel to Wednesday's ruling of the Supreme Court restraining the Central Bank of Nigeria (CBN), from enforcing its February 10 deadline on the expiration of some old Naira notes, a group has warned the apex bank and its Governor, Mr. Goodwin Emefiele, to comply or face the wrath of the law. The body, Social Rehabilitation Gruppe (SRG), in a statement by its Convener/National Coordinator, Dr Marindoti Oludare, hailed the ruling, saying the rule of law had prevailed over self-aggradisement. "This is the time for Emefiele to prove to Nigeria that he is a respecter of law or a breaker of same law. "While I know of a fact that the CBN has the right to demobilise the Naira, it has no right to erase the value acquired by individuals," he quipped. Oludare, appraising the ruling, ...

A socio-political group, Social Rehabilitation Grace and Supportive Initiative (SRG) has dragged the Central Bank of Nigeria (CBN) to court, asking the court to compel the apex bank to extend the expiry date for the old naira notes by six months. The SRG is convened by a Nigeria-born United States medical doctor, Dr. Marindoti Oludare. In the suit filed before a Federal High Court, sitting in Akure, Ondo State, the applicants, Dr. Marindoti Oludare, the Social Rehabilitation Grace and Supportive Initiative (SRG), and Omoyele Ishola, are asking the court to extend the February 10, 2023 for the expiration of the old naira notes by six months. The applicants are seeking, among others, an interim injunction restraining "the respondents and her priciest from, agent, or servants from e...

By Marindoti Oludare For the past eight years, Nigeria has been on a rollercoaster ride of economic uncertainty. Prices have risen astronomically and the people’s purchasing power had dipped dramatically. One should not be remiss to mention that owing to the COVID-19 pandemic and the Russian war of aggression in Ukraine, prices have significantly gone up globally. However, this pales in comparison to the rate of hike in price in Nigeria since 2014. We all know that Nigeria has implemented some questionable economic policies since the oil price crash in the fourth quarter of 2014, which happened to coincide with the nascent ascension of Godwin Emefiele as the Governor of Central Bank of Nigeria (in office since 3rd June 2014). One may want to ask; what percentage of this hardship was...

A pressure group, Osun Youth Vanguard (OYF) has urged newly inaugurated Governor Ademola Adeleke, to reverse the last-minute appointment of traditional rulers by his predecessor, Alhaji Gboyega Oyetola. The group, in a congratulatory statement issued through its president, Comrade John Akinde, and secretary, Comrade Tajudeen Akinyemi, observed that Oyetola made the appointments solely to create chaos in communities so as to make the state ungovernable for Adeleke. "We congratulate Governor Ademola Adeleke on his well- deserved victory at the poll and subsequent inauguration as the Executive Governor of our dear State, Osun. "While assuming office, we urge the governor to first of all nullify all appointments of new traditional rulers by former Governor Gboyega Oyetola at the twil...

It may no longer be a news that the Ekiti State House of Assembly Speaker, Gboyega Aribisogan elected last week has been impeached. What is however generating reaction is the way and manner, Aribisogan who is representing Ikole Constituency 1 was removed from office by what many believed to be a 'coup' orchestrated by former governor of the State, Dr. Kayode Fayemi. Aribisogan was removed from his position and suspended indefinitely by 17 out of the 25 members of the assembly who voted in favour of his removal. After Aribisogan's removal, the lawmakers elected Olubunmi Adelugba as the new speaker. The development came hours after Aribisogan had accused Kayode Fayemi, immediate past governor of the state, of masterminding a plot to impeach him. He said Fayemi was colluding with...

President Muhammadu Buhari has congratulated the Board, Management, and Staff of First Bank of Nigeria Limited (FirstBank) for cross-border services through FBNBank UK in the United Kingdom for 40 years, sharing almost 130 years of banking experience. In a statement signed by the Special Adviser to the President on Media & Publicity, Femi Adesina, Buhari noted the competence and professionalism that have become the hallmark of the Bank for many years. This includes winning and retaining the trust of customers in Nigeria, and beyond, like in the United Kingdom, and successfully consolidating on its benchmark of reliability and professionalism. “As the FBN, United Kingdom celebrates 40 years anniversary, the President believes the strength and buoyancy of any country depend lar...

The Interior Minister, Ogbeni Rauf Aregbesola, has now put in place some fresh security measures aimed at forestalling any incidence of jailbreak in the Nigeria Correctional Centres. This was disclosed to our correspondent on Tuesday by the Special Consultant to the Minister on Security Matters, Dr. Oladipupo Okeyomi. Okeyomi, who would not expatiate on the measures on security grounds, noted that there had been series of collaborative efforts with virtually all the security agencies in the country, for which intelligence gathering, whistle-blowing incentive, requisite surveillance, and reinforcement were taken into consideration. "While I would not divulge the nitty-gritty of the water-tight security devices initiated by the Honorable Minister to forestall recurrence of jailbrea...