Africa Press-Nigeria:
Contrary to claims by some members of the Imo State House of Assembly that it has commenced impeachment proceedings against the Speaker, Rt Hon Chiji Collins, 21 members of the House from the All Progressive Congress(APC) have denied their involvement, insisting that the allegation is only emanating from the minority six members from the People’s Democratic Party(PDP).
The House Committee Chairman on Information and Judiciary, Hon Dominic Ezerioha, on behalf of the 21 members from APC, made the denial while speaking to newsmen on the matter, responding to a media report which berated the governor of the state, Hope Uzodinma, and alleged that 22 members of the House had signed on to impeach the Speaker of the House of Assembly.
Ezerioha denied that there was any truth to the allegations.
He said that the Speaker has the majority of Imo lawmakers on his side, adding that no APC lawmaker had signed on to impeach the Speaker, except the opposition lawmakers who, he said, have taken to the media to insult and blackmail the governor of the state on the sensitive issue of salaries and pensions.
According to him, the leadership of the House have been working with the governor to ensure that all civil servants and pensioners are paid after a verification process by the state government, whilst also ensuring that peace and development in the state.
He revealed that the twenty-one members of the ruling All Progressives Congress (APC) had a dinner yesterday with the Speaker and resolved to give their full support and backing to the administration of Governor Uzodinma to enable it to succeed with its agenda to develop and bring prosperity to Imo citizens.
Also speaking, the Chief Press Secretary to the Speaker, Emeka Ahaneku, said:
‘We don’t need the wailers or those opposed to the administration of Governor Uzodinma to guide members of the state legislature in performing their duties,’ he said.
Ahaneku added that if there was going to be an impeachment it would be done at the House complex, noting, however, that there was nothing like that for now.
He added that what is being played outThe Central Bank of Nigeria on Tuesday adjusted the value of the naira to exchange to the dollar at N381, as parts of measures to converge the nation’s multiple exchange rates and ensure stability.
Although the CBN has not officially made its position known, data obtained on the website of FMDQ OTC Securities Exchange on the CBN official rate showed a 5.54 per cent change from N360/$ to N381/$.
FMDQ Securities, registered by the Securities and Exchange Commission, was put in place to create an efficient platform for the registration, listing, quotation, trading and reporting of securities and financial products.
The new rate is believed to be in line with the apex bank’s efforts to unify the exchange rate as the foreign exchange spot. On Tuesday, the dollar was quoted at N380.69k at the Secondary Market Intervention Sales (SMIS), where importers access foreign currencies.
Oil revenue contribution to the Nigerian economy should get a minor boost from the devaluation of the official rate, Omotola Abimbola, an analyst at Lagos-based Chapel Hill Denham, said in a post on Twitter.
“Now, CBN has to unshackle the I&E window, and maybe we can put this FX liquidity problem behind us,” Mr Abimbola wrote.
In March, the CBN had adjusted the official exchange rate to N360/$ from N307/$ and abolished the N325 and N330 concessionary rates.
Godwin Emefiele, the apex bank governor, recently explained that the bank is making efforts towards a unification of the multiple exchange rates.
“What we mean by exchange rate unification is moving towards the NAFEX,” he said.
“NAFEX is our dominant market for the purchase and sale of forex and it is a free market where everybody is free to sell their dollars and those who want to buy are free to buy dollars,” he said at the meeting.
“That means that whether you are a businessman, a bank, CBN, and you have dollars, you can bring it to the market to sell and if you want to buy dollars, you can come to the market.
“Like some of you must have seen, three years before 2019, we saw a relatively stable forex market because the NAFEX rate and even the rate at which the central bank transacts business outside the NAFEX were substantially close to each other. So, the CBN will continue to pursue unification around the NAFEX.”
On his part, Ayodeji Ebo, managing director of Afrinvest Securities Limited, described the move as positive, adding that what’s left as a “final lap” is the improvement in liquidity at the I&E window to complement the CBN’s efforts towards a stable naira.
is ‘corruption fighting back’ through special interests trying to destabilise the administration of Governor Uzodinma.
