Nigeria’s Newsmakers: Rivers to Tinubu on July 5, 2024

Political Developments and Legal Battles

July 5, 2024, marks a significant day in Nigerian politics as several key developments unfold. The Court of Appeal in Abuja has dismissed the ex parte order issued on May 10, 2024, by the Rivers State High Court, which barred Martin Amaewhule from parading himself as the Speaker of the Rivers State House of Assembly. This decision comes amid a backdrop of political tensions in the state.

Economic and Infrastructure News

In a major economic development, Nigeria has won the bid to host the headquarters of the $5 billion African Energy Bank (AEB). This win is expected to drive significant foreign direct investment into Nigeria and boost the nation’s energy sector. The bank is projected to grow its assets to over $120 billion in seven years, making it the third-largest bank in Africa and the most prominent in Nigeria in terms of shareholders’ funds.

Environmental Concerns and Government Response

The Federal Government has issued a warning about imminent river flooding starting from late July, which is expected to affect 19 states and the Federal Capital Territory (FCT). Minister of Water Resources and Sanitation, Professor Joseph Utsev, highlighted ongoing flash and urban floods due to heavy rains and inadequate drainage systems in urban areas. The government has urged state governments, local authorities, stakeholders, and the public to take proactive measures to prevent the recurrence of devastating floods experienced in previous years.

Legal Rulings and Political Implications

The Court of Appeal has also declared the February 22 governorship primary of the Peoples Democratic Party (PDP) in Edo State, which produced Asue Ighodalo, as invalid. The court held that the PDP’s decision to exclude 378 elected ward delegates from participating in the election was a violation of Article 50(3) of the party’s constitution. This ruling has significant implications for the political landscape in Edo State.

Economic Initiatives and Leadership Appointments

President Bola Tinubu has inaugurated the Presidential Economic Coordination Council (PECC) to revamp the economy. The council includes prominent figures such as Aliko Dangote and Tony Elumelu, signaling a concerted effort to address economic challenges. Additionally, the Federal Government has announced a N2 trillion economic revival scheme to stimulate the economy.

International Relations and Agreements

The Federal Government has clarified that the Samoa Agreement, signed recently, is in Nigeria’s interest. This agreement is part of Nigeria’s broader efforts to engage with international partners and secure beneficial economic agreements.

Infrastructure Projects and Investigations

The Senate has launched a probe into the stalled $5.792 billion Mambila Hydroelectric Power Project. This investigation aims to uncover the reasons behind the project’s delay and to ensure accountability.

Legal Proceedings and Security Concerns

A Lagos State High Court has convicted and sentenced a commercial bus driver, Elijah Shokoya, to 12 years imprisonment for killing an officer of the Lagos State Traffic Management Agency. This case highlights ongoing security challenges and the legal system’s response to such incidents.

Humanitarian Concerns and Relief Efforts

A two-storey building still under construction collapsed at the Ekeoyibo Market, Amawbia in the Awka South Local Government Area of Anambra State, causing many victims to be feared trapped. This incident underscores the need for improved safety measures and disaster response capabilities in the country.

Conclusion

July 5, 2024, has been a day of significant developments in Nigeria, ranging from political and legal battles to economic initiatives and infrastructure projects. These events reflect the ongoing challenges and opportunities facing the nation, as it navigates complex issues and strives for progress and stability.