The Central Bank of Nigeria (CBN) has clarified that all naira banknotes, including the old and new designs of the ₦1000, ₦500, and ₦200 denominations, as well as the commemorative and previous designs of the ₦100 note, remain valid legal tender indefinitely, with no set deadline. EKO HOT BLOG reports that In a statement signed … Read more
The Peoples Democratic Party (PDP) has declared the seat of Erhiatake Ibori-Suenu, the member representing the Ethiope East/Ethiope West Federal Constituency in the House of Representatives, vacant. EKO HOT BLOG reports that this follows her defection to the All Progressives Congress (APC). In a statement issued on Friday, the PDP called on the Independent National … Read more
Four months after the Supreme Court ordered the Federal Government to pay monthly allocations directly to the accounts of Nigeria’s 774 local government councils, the directive remains unimplemented. In July, the apex court ruled that local government allocations must bypass joint state-local government accounts managed by state governments. However, the Federation Accounts Allocation Committee (FAAC) … Read more
Lagos State Governor, Babajide Sanwo-Olu, has reiterated that Lagos has long upheld local government autonomy, emphasizing its importance in fostering grassroots development. He made this statement on Friday while receiving representatives of the Association of Ex-Local Government Chairmen of Nigeria, led by its President, Albert Ashipa, during a courtesy visit at Lagos House, Marina. EDITOR’S … Read more
In a major legal reprieve for President-elect Donald Trump, the judge in his criminal hush money case has delayed sentencing indefinitely, allowing him to focus on his upcoming presidency. Trump, convicted in May on 34 felony counts for falsifying business records to hide an alleged affair with a porn star during the 2016 election, … Read more
The Federal Government’s Committee on Local Government Autonomy has concluded its work and signed a technical document supporting financial independence for local governments, which will soon be presented to President Bola Tinubu. EDITOR’S PICKS Electricity Meter Costs Rise Again As Deregulation Takes Effect Biden, Harris Set To Congratulate Trump On Presidential Win Thousands Of ‘Trained’ … Read more
The Nasarawa State Government has initiated efforts to restructure the local government system to align with the Supreme Court’s ruling that grants financial autonomy to local governments. To facilitate this, the state government has submitted an executive bill to the House of Assembly, seeking an amendment to the local government law. During Monday’s session in … Read more
The Senate has called on state and local governments to comply immediately with the Supreme Court ruling, which mandates direct funding to local governments. In addition, the Senate resolved to initiate constitutional amendments that will grant full autonomy to local government administrations across Nigeria. EDITOR’S PICKS Health, Planning Ministries Partner with AfDB on Sustainable System … Read more
The Peoples Democratic Party (PDP) and the ruling All Progressives Congress (APC) exchanged criticisms on Sunday regarding the recent Supreme Court ruling that grants autonomy to local governments. The PDP described the Supreme Court judgment as potentially problematic, while the APC labeled the PDP as an enemy of the people, accusing them of obstructing the … Read more
Eko Hot Blog reports that State governors will be meeting next week to deliberate on the recent Supreme Court ruling regarding Local Government Autonomy, announced AbdulRazaq AbdulRahman, the chairman of the Nigeria Governors’ Forum (NGF) and the Governor of Kwara State. The Supreme Court ruled on Thursday that all federal allocations for local government councils … Read more
Ali Ndume commends President Tinubu for securing financial autonomy for Local Governments through a Supreme Court ruling, enhancing grassroots governance. Eko Hot Blog reports that Senate Chief Whip Ali Ndume has commended President Bola Tinubu’s administration for securing financial autonomy for Local Governments, marking it as the president’s most significant achievement since his inauguration in … Read more
EKO HOT BLOG reports that the Governor of Sokoto State, Ahmed Aliyu, has lauded the recent Supreme Court judgment affirming his victory in the 2023 governorship election as a testament to Nigeria’s just and fair judicial process. The Governor expressed these sentiments on Sunday while addressing a large gathering of residents who convened at the Sultan … Read more
EKO HOT BLOG reports that the National Publicity Secretary of the All Progressives Congress (APC), Felix Morka, has expressed that while the party has accepted the recent Supreme Court rulings, it does not necessarily agree with the decisions. Morka shared these sentiments during an interview on Channels TV’s “Politics Today.” EDITOR’S PICKS Uzodimma’s Inauguration: Tinubu Meets … Read more
EKO HOT BLOG reports that Former presidential media aide, Bashir Ahmad has called on the Labour Party (LP) presidential candidate, Peter Obi to call his supporters threatening to sabotage Nigeria’s economy to order. According to Ahmad, Obi should publicly denounce the action of some of his supporters who are threatening economic sabotage because the Supreme … Read more
EKO HOT BLOG reports that former President Goodluck Jonathan, on Friday, met with President Bola Tinubu at the Presidential Villa, Abuja. Jonathan, while fielding questions from State House reporters, spoke on the ruling of the Supreme Court which affirmed the victory of President Tinubu. This news medium had earlier reported that the apex court struck … Read more
The CBN is awaiting legal advice concerning the Supreme Court ruling. The apex court in its ruling declared the naira redesign policy was an affront to the 1999 Constitution of the country. The court also directed CBN to keep the old N200, N500, and N1,000 notes in circulation till December 31, 2023. EKO HOT BLOG … Read more