COVER
Supreme Court Ruling: Obi Vows to Continue Fight for Better Nigeria
By Jude Opara and David Torough, Abuja
In his first official reaction to the ruling of the Supreme Court on his appeal against the declaration of President Bola Tinubu as the winner of the February 25 Presidential election, the candidate of the Labour Party (LP) in the said election, Mr.
Peter Obi has declared that he will remain in politics so as to broaden his message of a possible new Nigeria.Obi who addressed a World Press Conference on Monday at the Labour Party campaign office in Abuja, said he will not be deterred by the ruling of the apex court which he said abandoned its responsibilities as a court of law and policy.
This was even as the presidency responded swiftly to his reaction telling the Presidential Candidate of the Labour Party to stop casting aspersions on the Supreme Court and the Independent National Electoral Commission (INEC) for not declaring him the winner of the February 25, 2023 election.
Obi, in a prepared text titled: From Courtrooms to National Conscience: Our Democracy is the Victim, the LP flag bearer said after a deep reflection of the ruling, he came to the conclusion that the Supreme Court ruling contradicted the overwhelming evidence of election rigging and deliberate failure of the Independent National Electoral Commission (INEC) to follow its own guidelines in the conduct of the election.
“As someone who has previously benefited from the rulings of the Supreme Court on electoral matters, I have, after a period of deep and sober reflection, decided to personally and formally react to the recent judgment as most Nigerians have. Because we are confronted with very weighty issues of national interest, I will speak forthrightly. As students young lads at CKC, Onitsha, we were taught values and admonished to always; “choose the harder right, instead of the easier wrong.”
“Setting legal issues aside, the Supreme Court exhibited a disturbing aversion to public opinion just as it abandoned its responsibility as a court of law and policy. It is, therefore, with great dismay that I observe that the Court’s decision contradicts the overwhelming evidence of election rigging, false claim of a technical glitch, substantial non-compliance with rules set by INEC itself as well as matters of perjury, identity theft, and forgery that have been brought to light in the course of this election matter. These were hefty allegations that should not be treated with levity.
“More appalling, the Supreme Court judgment willfully condoned breaches of the Constitution relative to established qualifications and parameters for candidates in presidential elections. With this counter-intuitive judgment, the Supreme Court has transferred a heavy moral burden from the courtrooms to our national conscience. Our young democracy is ultimately the main victim and casualty of the courtroom drama”.
The former governor of Anambra state also described the ruling of the Supreme Court as an unreasonable display of negative force. He further cited the position of the recently retired judge of the Supreme Court, Musa Dattijo who equally called for a total overhaul of the entire judiciary.
“Without equivocation, this judgment amounts to a total breach of the confidence the Nigerian people have in our judiciary. To that extent, it is a show of unreasonable force against the very Nigerian people from whom the power of the Constitution derives. This Supreme Court ruling may represent the state of the law in 2023 but not the present demand for substantive justice. The judgment mixed principles and precepts. Indeed, the rationale and premise of the Supreme Court judgment have become clearer in the light of the deep revealing and troubling valedictory remarks by Hon. Justice Musa Dattijo Muhammad, (JSC) on Friday 27th October 2023.
“In disagreeing very strongly with the ruling of both the Presidential Petitions Court (PEPC) and the Supreme Court on the outcome of the 25th February 2023 Presidential election as declared by Independent National Electoral Commission (INEC), as democrats who believe in the rule of law, we recognize that the Supreme Court is the end stage of the quest for legal closure to the matter.
“As a party and as candidates, Datti and I have now exhausted all legal and constitutional remedies available to us. However, this end is only another beginning in our quest for the vindication of the hope of the common man for a better country. After all, sovereignty belongs to the people! If only for historical purposes, it behooves us to place our disagreement with and deep reservations about this judgment on public record.
“We have long been aware of how weak national institutions have negatively affected our democracy. This year 2023 has been quite remarkable and revealing. INEC has displayed incompetence in the conduct of its statutory duty. The judiciary has largely acted in defiance of constitutional tenets, precedents, and established ground rules. Political expediency has preceded judicial responsibility. A mechanical application of technicalities has superseded the pursuit of justice and fairness. Both INEC and the Supreme Court as the referees, respectively shifted the goalposts in the middle of the game.”
Obi added that going forward, he will intensify his desire to have a nation where every citizen will have his fair opportunity to excel adding that there must be a new narrative to move the country from consumption to production.
“Our mission and mandate remain unchanged. From the very onset, our mission has been more about enthroning a new Nigeria. It is a new nation where things work, where the country is led from its present waste and consumption orientation to a production-driven economy.
“Our commitment is to a nation anchored on the principles of prudent management of resources to quickly pull millions out of multidimensional poverty, ensuring transparency and accountability in the equitable distribution of opportunities, resources, and privileges. In the new Nigeria, we aim to address all unmet needs by showing compassion for all those left behind by the present system.
“Going forward, we in the Labour Party and the Obidient Movement are glad that the nation has heard us loud and clear. We shall now expand the confines of our message of hope to the rest of the country. We shall meet the people in the places where they feel pain and answer their needs for hope. At marketplaces, motor parks, town halls, board rooms, and university and college campuses, we all carry and deliver the message of a new Nigeria. As stakeholders and elected Labour Party officials, we shall remain loyal to our manifesto. We will continue to canvas for good governance and focus on issues that promote national interest, unity, and cohesion”.
He promised that the LP will continue to give primacy to the Constitution, the rule of law, and the protection of ordered liberties, as well as offer the checks and balances required in a functional democracy.
With him at the briefing were chieftains of the party including the Director General of the Obi –Datti Campaign Organization, Akin Oshuntokun.
In it response to Obi, the Special Adviser to the President on Information and Strategy, Bayo Onanuga on Monday in a statement, said the Labour Party Presidential candidate in the last election, Mr. Peter Obi, just like Atiku Abubakar, cast aspersions on the Supreme Court and the Independent National Electoral Commission for not declaring him the winner of the February 25, 2023 election.
Onanuga said they were at a loss as to how the copy-cat Obi and his faction of the Labour Party convinced themselves they won an election in which they came a distant third.
According to him, the grand delusion that made Mr. Obi believe he could have won a national election where he ran the most hateful, divisive and polarising campaign that pitched Christians against Muslims and one ethnic group against the other in a multi-ethnic and multi-religious society like Nigeria should be a matter for deeper examination.
The statement read: “At the press conference where he tried, in vain, to gaslight Nigerians with false claims and innuendos, Mr. Obi contradicted himself. Here was a beneficiary of judicial pronouncements in the past now castigating the same court because its judgment did not go his way.
Mr. Obi claimed the Supreme Court justices didn’t consider public opinion in delivering what has been applauded as a most profound judgement in an election appeal where the Labour Party candidate presented the most watery and unreasonable petition before any court in the history of electoral cases in Nigeria.
We wonder how the Labour Party candidate expected the courts to do justice on the basis of rumours, lies and false narratives by sponsored partisans and fanatical members of his Obidient Movement.
We expected the Labour Party candidate to know that the Supreme Court or any other court does not give judgment based on public opinion and mob sentiments. Judicial pronouncements are based on evidence, precedents and the rule of law.
Having admitted that the Supreme Court ruling brought an end to litigation and any challenge to the bona-fide of President Bola Ahmed Tinubu as the validly elected leader of Nigeria and Commander-in-Chief of the Armed Forces, Obi should have congratulated President Tinubu for his victory and pledge his support, in the spirit of statesmanship.
But instead, he brought up extraneous matters that he thought the apex court should have considered to declare him the winner. In our view, the drowning Obi, just like Atiku, was merely attempting to hold on to a straw in raking up new allegations, which exist only in his imagination and that of his hordes of supporters.
Our admonition to Mr. Peter Obi is to find another worthwhile vocation to engage his time henceforth, having been rejected by majority of Nigerians who didn’t consider him qualified to lead our country.
If Mr. Peter Obi truly believes in Nigeria, the time to prove it is now when all men and women of goodwill are rallying support for President Tinubu in his determination to lead a new era of prosperity, inclusive governance and economic growth in Nigeria.
Finally, we welcome Obi and his party to play the role of the opposition and start preparing for another shot at the presidency in 2027.
By Mike Odiakose, Abuja
Immediate past governor of Kogi State, Yahaya Bello will spend the 2024 Christmas and 2025 New Year days in Kuje prison, Abuja, following refusal of his bail application by the Federal Capital Territory High Court.
Justice Maryann Anenih yesterday adjourned the case until Jan.
29, Feb. 25, and Feb. 27, 2025 for the continuation of the hearing.The former governor is standing trial, along with two others, in an N110 billion money laundering charge brought against him by the Economic and Financial Crimes Commission (EFCC).
Justice Anenih had refused to grant a bail application filed by Bello, saying it was filed prematurely.
The judge admitted Umar Oricha and Abdulsalam Hudu, to bail in the sum of N 300 million each with two sureties.
Justice Anenih, while delivering a ruling said, having been filed when Bello was neither in custody nor before the court, the instant application was incompetent.
“Consequently, the instant application having been filed prematurely is hereby refused,” she said.
Recalling the arguments before the court on the bail application, the judge had said, “before the court is a motion on notice, dated and filed on Nov. 22.
“The 1st Defendant seeks an order of this honourable court admitting him to bail pending the hearing and determination of the charge.
“That he became aware of the instant charge through the public summons. That he is a two-term governor of Kogi State. That if released on bail, he would not interfere with the witnesses and not jump bail.”
She said the Defendant’s Counsel, JB Daudu, SAN, had told the court that he had submitted sufficient facts to grant the bail.
He urged the court to exercise its discretion judicially and judiciously to grant the bail.
Opposing the bail application, the Prosecution Counsel, Kemi Pinheiro, SAN, argued that the instant application was grossly incompetent, having been filed before arraignment.
He said it ought to be filed after arraignment but the 1st Defendant’s Counsel disagreed, saying there was no authority
“That says that an application can only be filed when it is ripe for hearing.”
Justice Anenih held that the instant application for bail showed that it was filed several days after the 1st defendant was taken into custody.”
Citing the ACJA, the judge said the provision provided that an application for bail could be made when a defendant had been arrested, detained, arraigned or brought before the court.
Bello had filed an application for his bail on November 22 but was taken into custody on November 26 and arraigned on Nov. 27.
From Jude Dangwam, Jos
Conference of Autochthonous Ethnic Nationalities Community Development Association (CONAECDA) has called on the federal government to intensify efforts in the resettlement of displaced persons in their ancestral homes.
The organization made this call at the end of its conference held in Jos, the Plateau State Capital weekend.
Thirty resolutions were passed covering security, economy, politics, governance, culture, languages, human rights and indigenous peoples’ rights among others.
The Conference President, Samuel Achie and Secretary Suleman Sukukum in a communique noted that the conference received and discussed reports from communities based on which resolutions were reached on securing, reconstruction, rehabilitation and returning communities displaced by violence across the Middle Belt.
“After considering the reports from communities displaced by violent conflicts, conference resolved, and called on government to focus on providing security to deter further displacements.
“Call on government to provide security to enable communities to return. Government and donor partners should assist in reconstructing and returning displaced communities,” the communique stated.
The GOC 3 Armoured Division Nigeria Army represented by Lt Col Abdullahi Mohammed said the Nigerian Army is committed to working closely with communities to achieve a crime-free society, urging communities to support them with credible information.
“Security is a collective effort, and we cannot do it alone, the community plays a crucial role in ensuring safety.
“We urge everyone here not to shield or protect individuals involved in criminal activities. Transparency and collaboration, together, with maximum cooperation, we can achieve peace, security, and prosperity for our society,” the GOC stated.
The National Coordinator of CONECDA, Dr. Zuwaghu Bonat in his address at the gathering noted that the theme of this year’s program, Returning, Resettling, and Rehabilitating Displaced Communities, was chosen as a wakeup call on the federal government.
He maintained that the organization is aware that President Bola Tinubu has expressed a commitment to ensuring that displaced communities return to their ancestral lands.
He said similarly, some state governments, including Plateau State, have set up committees to address the lingering matter.
The coordinator however cautioned, “It is critical that we avoid generalizations or profiling. For instance, Not all Muslims are involved in terrorism. The overwhelming majority of Muslims in Nigeria are peaceful and reject extremist ideologies.
“We also know that some terrorists exploit religion to mobilize support or rationalize their actions. However, their atrocities – slaughtering women, cutting open pregnant mothers, and killing children show a profound disregard for humanity and God. Normal human beings would not commit such acts.
“We must also be cautious about lumping banditry with terrorism. While statistics indicate that many bandits and kidnappers may share similar ethnic backgrounds, kidnapping has now evolved into a profit-driven enterprise. This distinction is vital to address the root causes effectively,” he stated.
The Governor of Plateau State, Caleb Mutfwang represented by his Senior Special Assistant (SSA) on Middle Belt Nationalities, Hon Daniel Kwada noted that the conference was apt to addressed the various underlying issues bedeviling the region and its people.
“We in the Middle Belt have long been standing at the crossroads of Nigeria’s complex history. Despite our tireless efforts to stabilize this nation, we have faced immense challenges, including underdevelopment, security issues, and marginalization.
“Often, we are unfairly maligned, but gatherings like this offer a chance to change the narrative.
“Such conferences set the tone for better discussions. They allow us to drive processes that bring development, ensure security, and elevate our people to greater heights,” Mutfwang noted.
Securities and Exchange Commission (SEC) has called on banks to reinforce their corporate governance principles and risk management frameworks to boost investor confidence during the ongoing recapitalisation exercise.
Dr Emomotimi Agama, Director-General, SEC, said this at the yearly workshop of the Capital Market Correspondents Association of Nigeria (CAMCAN) held in Lagos.
The theme of the workshop is: “Recapitalisation: Bridging the Gap between Investors and Issuers in the Nigerian Capital Market”.
Agama, represented by the Divisional Head of Legal and Enforcement at the SEC, Mr John Achile, stated that the 2024–2026 banking sector recapitalisation framework offers clear guidance for issuers while prioritising the protection of investors’ interests
He restated the commission’s commitment towards ensuring transparency and efficiency in the recapitalisation process.
The director-general stated that the key to bridging the gap between issuers and investors remained the harnessing of innovation for inclusive growth.
In view of this, Agama said, “SEC, through the aid of digital platform, is exploring the integration of blockchain technology for secure and transparent transaction processing to redefine trust in the market.”
He added that the oversubscription of most recapitalisation offers in 2024 reflects strong investor confidence.
To sustain this momentum, the director-general said that SEC had intensified efforts to enhance disclosure standards and corporate governance practices.
According to him, expanding financial literacy campaigns and collaborating with fintech companies to provide low-entry investment options will democratise access to the capital market.
He assured stakeholders of the commission’s steadfastness in achieving its mission of creating an enabling environment for seamless and transparent capital formation.
“Our efforts are anchored on providing issuers with clear guidelines and maintaining open lines of communication with all market stakeholders, reducing bureaucratic bottlenecks through digitalisation.
“We also ensure timely review and approval of applications, and enhancing regulatory oversight to protect investors while promoting market integrity,” he added.
Agama listed constraints to the exercise to include: addressing market volatility, systemic risks, limited retail participation as well as combating skepticism among investors who demand greater transparency and accountability.
He said: “We are equally presented with opportunities which include leveraging technology to deepen financial inclusion and enhance market liquidity.
“It also involves developing innovative financial products, such as green bonds and sukuk, to attract diverse investor segments.
“The success of recapitalisation efforts depends on collaboration among regulators, issuers, and investors.”
Speaking on market infrastructure at the panel session, Achile said SEC provides oversight to every operations in the market, ranging from technology innovations to market.
He stated that the commission is committed to transparency and being mindful of the benefits and risks associated with technology adoption.
Achile noted that SEC does due diligence to all the innovative ideas that comes into the market to ensure adequate compliance with the requirements.
On the rising unclaimed dividend figure, Achile blamed the inability of investors to comply with regulatory requirements and information gap.
He noted that SEC had done everything within its powers to ensure that investors receive their dividend at the appropriate time.
He, however, assured that the commission would continue to strengthen its dual role of market regulation and investor protection to boost confidence in the market.
In her welcome address, the Chairman of CAMCAN, Mrs Chinyere Joel-Nwokeoma, said banks’ recapitalisation is not just a regulatory requirement, but an opportunity to rebuild trust, strengthen the capital market, and drive sustainable growth.
Joel-Nwokeoma stated that the recent recapitalisation in the banking sector had brought to the fore the need for a more robust and inclusive capital market.
She added that as banks seek to strengthen their balance sheets and improve their capital adequacy ratios, it is imperative to create an environment that fosters trust, transparency, and cooperation between investors and issuers.
The chairman called for collaboration to bridge the gap between investors and issuers to create a more inclusive and vibrant Nigerian capital market.She said: “we must work together to strengthen corporate governance and risk management practices in banks, enhance disclosure and transparency requirements for issuers.” NAN
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