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How Buhari crippled Nigerian economy- Oshiomhole

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Former governor and Edo North Senator, Adams Oshiomhole, has said that the “excessive printing of money” by the Central Bank of Nigeria under the administration of former President Muhammadu Buhari through the Ways and Means policy crippled the naira.

The Ways and Means provision allows the Federal Government to borrow from the CBN if it needs emergency finance to fund delayed government expected cash receipts of fiscal deficits.

At a Progressives Governors Forum’s Meeting and Interactive Session in Benin City, Edo State, on Saturday, Oshiomhole blamed the policy for the eventual collapse of the Nigerian currency against the US dollar.

“We are coming from a country that was almost like Zimbabwe or Idi Amin’s Uganda where he asked the Central Bank governor ‘go and print more money for us to share to the people’. And the governor said, ‘if we print more money, Uganda currency will be like a sheet of paper’.

“This is what the immediate past CBN governor was doing. In the Senate, we have the record that they printed over N31 trillion which they called Ways and Means. You know when the government wants to deceive people they use jargon.

“They called it Ways and Means but I can tell you what it means: it means a situation in which the government prints banknotes, not based on what we have earned or any resources, just print banknotes to go and share to the people to meet their money illusion. It is the result of that excessive printing of banknotes that led to the collapse of the naira,” Oshiomhole said.

The former Edo State governor further stated that “to understand the root cause of the present cost of living and the exchange rate regime, you must trace it and locate it in terms of the excessive amount of banknotes through so-called Ways and Means which the past government created and which this government has eliminated”.

He added that Nigeria was “borrowing everyday the way fish drink water”, adding that it has become President Bola Tinubu’s burden to pay back those loans in order to guarantee the sovereignty of Nigeria.

In 2024, the Senate inaugurated an ad-hoc committee to investigate the Ways and Means and the Anchor Borrowers Programme of the apex bank.

 

 

 

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ADC appeals judgment that sacked David Mark

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The David Mark-led faction of the African Democratic Congress (ADC) has approached the Court of Appeal to challenge the Federal High Court judgement that removed its leadership.

The opposition party also disclosed that it had filed an application seeking a stay of execution of the judgement pending the hearing and determination of its appeal.

The party made this known in a statement on Friday, November 6, adding that it had formally notified the Independent National Electoral Commission (INEC) of the legal steps taken,

The appeal is against the judgement delivered by the Federal High Court in Abuja on November 5, 2026, in Suit No. FHC/ABJ/CS/1619/2025, involving Hon. Nafiu Bala Gombe and the ADC.

The party urged INEC to refrain from taking any further action on the matter until the Court of Appeal has considered the case.

It argued that the application for a stay of execution was yet to be decided and that the electoral commission should not take any step that could affect the outcome of the appeal.

According to the ADC, it expects INEC to respect the ongoing legal process and allow the appellate court to hear the matter before making any decision connected to the judgement.

The statement partly read, “The ADC is exercising its lawful right to appeal. The judgement is now being challenged before a higher court, and the legal process must be allowed to run its course.

“We expect INEC to uphold the law and take full account of the pending proceedings before making any consequential decisions.”

The party also urged its members and supporters to remain calm, insisting that the court judgement would not stop its political activities.

It said its campaigns would continue while it explored all available legal options to defend its position.

 

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TO WHOM IT MAY CONCERN: Anthony Emmanuel Ochele, Professional Barber, Haircut & Grooming Specialist

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Emmanuel Ochele is an experienced and dedicated professional barber with over 10 years of experience in hair cutting,styling and grooming. He specialises in low cuts, fades, skin fades, dreadlocks,twisting,beard trimming and hairline designs.

Having worked at Medax Executive Saloon, Ibadan (2013–2016) and subsequently established himself as a self-employed barber, he is committed to delivering quality services, maintaining high hygiene standards and ensuring customer satisfaction.

He is hardworking, creative, punctual and reliable, with excellent customer service and communication skills.

Contact Information:
Phone: 08075260617
TikTok:@emmy.a1802
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Email: Emmatony1802@gmail.com
Address: sw7/265,nigerwest,ibadan,nigeria.

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Court sacks David Mark led Exco, nullifies Atiku’s candidature

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The Federal High Court in Abuja has nullified the leadership of the African Democratic Congress (ADC) led by Senator David Mark, declaring the caretaker committee that oversaw the party’s affairs illegal and invalidating all decisions taken by the committee.

The judgment, delivered on Thursday by Justice Peter Lifu, also affects the presidential primary that produced former Vice President Atiku Abubakar as the ADC’s flag bearer for the 2027 general elections.

Atiku, whose name had earlier been published by the Independent National Electoral Commission (INEC) as the party’s presidential candidate, had already selected former Rivers State Governor, Rotimi Amaechi, as his running mate.

The ruling followed a suit instituted by Nafiu Bala Gombe, a former National Deputy Chairman (North-East) of the ADC, who challenged the process through which the David Mark-led leadership assumed control of the party.

Gombe argued that following the resignation of the party’s former National Chairman, Chief Ralph Nwosu, he was constitutionally entitled to take over the leadership.

He consequently asked the court to invalidate all actions undertaken by the Mark-led leadership and restrain Senator Mark and Ogbeni Rauf Aregbesola from presenting themselves as the party’s National Chairman and National Secretary, respectively.

The plaintiff maintained that their emergence violated the ADC constitution and relevant provisions of the Electoral Act.

In suit No. FHC/ABJ/CS/1819/2025, the ADC, INEC, Senator David Mark, Aregbesola and Chief Ralph Nwosu were listed as defendants.

Justice Lifu upheld Gombe’s claims and granted the reliefs sought, effectively invalidating the authority of the caretaker committee and decisions taken under its leadership.

The verdict is expected to trigger fresh political uncertainty within the ADC, particularly over Atiku’s presidential ambition and the party’s preparations for the January 16, 2027 presidential election.

However, the party has vowed to challenge the judgment at the appellate court.

 

 

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