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Wike’s alleged support for Tinubu: What I heard – Rivers APC guber candidate, Tonye Cole
The governorship candidate of the All Progressives Congress, APC, in Rivers State, Tonye Cole, has reacted to Governor Nyesom Wike’s rumoured support for Asiwaju Bola Ahmed Tinubu.
The rumour flying around is that the Rivers State Governor has instructed civil servants and members of his party in the state to throw their weight behind Tinubu, presidential flag bearer of the APC..
Appearing on Arise Television’s The Morning Show on Thursday, Cole was asked if he was aware of the Governor’s declaration of support for Bola Tinubu.
The business mogul explained that he was only aware of Wike’s instruction to members of his party and local government chairmen not to support the presidential candidate of the Peoples Democratic Party, PDP, and also not to allow the APC in the state hold their rallies.
“It’s a small community. Politics is a small family and we know each other very well. So one of the things we’ve heard is that he has given instructions to local government chairmen to prevent the APC from holding any rallies, to disrupt all our rallies.
“Local Government chairmen are under threat that they would be disciplined if they allow us to hold any form of rallies as we’ve heard.
“We’ve also heard that they have given strict instructions that they must not support Atiku in any way. Now whether they’ve given instruction that they must support Tinubu, that we’ve not heard. But I know the fact that they’re not supporting Atiku.
“They’re not supporting us (APC Rivers State). They said that we must be totally disrupted. But I’ve not heard them yet saying that they’re supporting Bola Ahmed Tinubu, my presidential candidate.
“Wike had said that he would make an announcement on the 31st of January about who he is supporting but we waited for that announcement but it didn’t come.
“But he did say that all members of his potential party will know who he is supporting so maybe the rumours might be true. Maybe he has told them.but I haven’t heard.”
News
Adeduntan retires as First Bank MD
In a sudden move that has sent shockwaves in Nigeria’s financial services industry, the Managing Director of First Bank of Nigeria Limited, Adesola Adeduntan.
Adedutan resigned his appointment from the company after nine years of holding the top executive position even though he was billed to retire in December when his tenure would have been fully completed.
“I have however decided to proceed on retirement with effect from 20 April 2024 to pursue other interests,” he said in a copy of his resignation letter.
First Bank is the flagship subsidiary of FBN Holdings, Nigeria’s foremost financial institution, which abruptly announced the cancellation of an extraordinary general meeting on Saturday morning after Mr Adeduntan resigned.
The meeting had been earlier “scheduled to be held virtually on Tuesday, April 30, 2024, at 10 am for the consideration and authorisation of the company to undertake a capital raise of up to N300,000,000,000,” FBN Holdings said in its notification to the Nigerian Exchange.
Mr Adeduntan joined First Bank in 2014, first as a chief financial officer and as an executive director.
Former managing director of First Bank of Nigeria Limited, Adesola Adeduntan. Prior to his stint at FirstBank, Adeduntan served at the Africa Finance Corporation as the pioneer chief financial officer/business manager and as a director as well. His range of expertise covers investment finance, commercial and investment banking, consulting and audit.
He was once a senior manager at the auditing and professional services firm KPMG and held the role of Senior vice president & chief financial officer at Citibank Nigeria Limited.
News
FG agency blames multiple taxes, others for high cost of goods
The Federal Competition and Consumer Protection Commission has released findings from a comprehensive investigation into the factors contributing to the relentless increase in consumer costs.
The Director of Surveillance and Investigation Mrs B. A. Adeyinka, said this while briefing journalists during a market surveillance to enforce prices today in Masaka Markets, Nasarawa State.
Adeyinka explained, “We’ve conducted extensive interviews with marketing executives and sellers across various sectors. Despite government efforts to stabilise the currency, prices remain high.
“Our findings point to a complex web of factors, including multiple layers of taxation and transportation costs, driving prices up. The cost of transportation is a significant burden on the sellers, and this cost is inevitably passed on to the consumer.
“For instance, a product that once cost N15,000 now sells for N50,000. This drastic increase is largely due to higher transportation expenses, the rising cost of pesticides, and security concerns in certain areas.
“Our first step is to compile a report on the multiple taxes affecting the market and advise the government on potential solutions. We aim to unlock the market by reducing these taxes, thereby easing the financial burden on both sellers and consumers.”
The FCCPC as part of its campaign for compliance sealed 4U Supermarket Wuse 2 on Thursday for breaching price and quality standards.
Speaking on Thursday, the acting Chief Executive Officer of FCCPC, Adamu Abdullahi, stated that the commission would continue the price enforcement in other states.
On his part, the executive chairman of the market, Gimbal Salasi said the market executives were working to ensure hitch-free market operations and price regulations in the market.
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