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Court of Appeal Overturns Judgment Blocking Funds to Rivers State Government

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The Court of Appeal Abuja division, on Friday, reversed the judgment that restrained the Central Bank of Nigeria and the Accountant General of the Federation from releasing funds to the Rivers State Government.

Recall that on October 30, Justice Joyce Abdulmalik of the Federal High Court in Abuja stopped the Central Bank of Nigeria from further releasing monthly financial allocations to the Rivers state government.

She held that the presentation of the 2024 budget by the River State Governor, Siminalayi Fubara, before an illegitimate Rivers House of Assembly was an affront to the Constitutional provision.

“Appropriation Bill for January toto December 2024, being operated by the 5th defendant (Fubara), having not been charged by the lawful House of Assembly, is illegal, unlawful and subversion of the 1999 Constitution.

It is mandatory to present the appropriation bills before the appropriate Houses of Assembly before legitimate disbursement and withdrawal can be made,” she said.

However, a three-member panel of the appellate court presided by Justice Hamman Barka held that the federal high court lacked the jurisdiction to entertain the suit seeking to seize Rivers State allocation.

The court added that the mere listing of federal agencies does not confer unrestricted jurisdiction on the federal high court, and the subject matter, which is the appropriation issue of a state, should not have been entertained.

While allowing the appeal of the Rivers state government, the appellate court also set aside all the orders made by Justice Abdulmalik, stating that it was unconstitutional for her to make orders restricting Rivers state government from receiving funds due to the state from its consolidated revenue fund.

The appellate court held that the lower court overreached itself and didn’t have the jurisdiction to entertain the matter.

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Emir Sanusi Woos Foreign Investors, assures opportunities, profit margin in Nigeria

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Emir of Kano, His Highness, Khalifa Muhammadu Sanusi II, has urged foreign investors to take advantage of booming business environment in Nigeria to invest their resources for maximum profit margin.

Khalifa Sanusi solicited investment opportunities in Nigeria while addressing global investors and captains of industries at the International Financial Investment and Trade Conference holding in Tunisia.

The former Governor of the Central Bank of Nigeria, explained that Nigeria reserves one of the fastest growing economy in Africa with highly competitive markets and business opportunities readily available for capital investors.

Sanusi essentially appealed to business and investment giants to tap from the robust economy with enabling environment in the areas of Manufacturing, Agriculture, ICT, Innovation and financial sector to grow their investment.

The royal highness used the occasion to showcase the growing fortune and global investment of Alh. Aliko Dangote, who started his empire taking the Nigerian business environment, believed foreign investors should capitalize on similar advantage.

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Sanusi made a strong case for investment opportunities in his country home, assured socio-econmic and natural endowments as major advantages investors should consider to build viral growth in Kano.

According to Emir Sanusi, remained that Kano is destination for trade, commerce and industries with 22 million population, natural resources, strategic location and well established international markets that serve many countries in West and Central Africa and beyond. That’s apart, he said incentives provided by the Kano State Government is another avenue for ease of doing business.

A release by Munir Sanusi Bayero, Galadiman Kano and Chief of Staff to emir Sanusi said the conference attracted prominent personalities including Governor of Bauchi State, Sen Bala Mohammed, Hon. Minister of Women Affairs, Haj. Imaan Suleiman, Amb. Bolaji, representing the Hon. Minister of State for Foreign Affairs, Bianca Ojukwu and DG of NEPZA.

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Kwankwasiyya Professionals Forum Condemns AB Bappah Bichi’s Remarks, Calls for Legal Action

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The Kwankwasiyya Professionals Forum convened a two-day emergency stakeholders’ meeting on May 4th and 5th, 2025, at Tahir Guest Palace Hotel in Kano to address concerns over alleged defamatory statements made by former Secretary to the State Government, AB Bappah Bichi, against the esteemed leader of the Kwankwasiyya movement, Dr. Rabi’u Musa Kwankwaso. The forum, comprising experts from diverse backgrounds, strongly condemned what it described as inflammatory remarks aimed at tarnishing Dr. Kwankwaso’s reputation. According to Comr. Haruna Musa Gaza, Chairman of the forum, “These statements are not only malicious but also an attempt to incite hatred and provoke violence against our revered leader.”

During the deliberations, members reaffirmed Dr. Kwankwaso’s enduring legacy and contributions to Nigeria’s political and socio-economic development. The forum praised his leadership, integrity, and philanthropic efforts, insisting that his work has positively impacted millions of Nigerians. “Dr. Kwankwaso is a visionary leader whose contributions to our great nation cannot be undermined by baseless accusations,” Gaza stated. The body further emphasized its unwavering support for Kwankwaso while calling on Nigerians to recognize the profound impact of his leadership.

In response to Bichi’s remarks, the forum resolved to pursue legal action to ensure accountability for what they termed defamatory allegations. Legal proceedings, according to Gaza, will be instituted to address the matter in court, and all available legal avenues will be explored to seek redress. “We will not allow these false claims to go unchallenged. Justice must prevail, and we will fight to ensure that defamatory statements like these do not go unchecked,” Gaza affirmed. The forum vowed to hold Bichi responsible for his utterances and pursue the matter to its logical conclusion through legal means.

Despite the forum’s strong condemnation, it urged all Kwankwasiyya supporters and Nigerians to remain calm and law-abiding in the face of provocation. The forum stressed the importance of maintaining peace and avoiding unnecessary escalation. “We call on our supporters to exercise restraint. Violence is never the answer, and our movement stands for peace and development,” Gaza emphasized. The forum maintained that while legal action is necessary, peaceful resolution and respect for the law remain top priorities.

Additionally, the Kwankwasiyya Professionals Forum commended the Kano State Governor, Engr. Abba Kabir Yusuf, for his administration’s efforts in advancing development projects across the state. The forum encouraged Kano residents to continue supporting the governor’s initiatives aimed at fostering progress and stability. “Governor Yusuf is working tirelessly for the betterment of Kano State, and we urge citizens to stand behind his administration’s laudable projects,” Gaza concluded. The forum reiterated its commitment to ensuring accountability while championing the cause of peace and development.

 

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Market Traders Association of Nigeria Suspends Operations of 36 State Chapters

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President market traders association of Nigeria Jamilu Abbas

 

The Market Traders Association of Nigeria (MATAN) has announced the suspension of operations across its 36 state chapters and the Federal Capital Territory (FCT), Abuja. The decision was disclosed by MATAN’s National President, Jamilu Abbas, while addressing journalists on the prevailing challenges within the association.

According to Abbas, the suspension comes in response to multiple concerns raised by stakeholders, alongside unforeseen circumstances that have impacted the organization’s unity.

He emphasized the need for solidarity, stating, “Based on the current situation across the country regarding our association, along with the receipt of various calls from stakeholders and unforeseen circumstances—including exchanges of words on our platform—I believe that we are one family, united in the progress of our great nation. That is why we are MATAN: when we work, our nation moves forward.”

The MATAN President clarified that, despite the general suspension, the scheduled inauguration for Imo State would proceed as planned, while that of Enugu State has been postponed. Abbas noted that further directives on the future of the association’s activities would be determined by the Federal Executive Council. He stated, “In view of all these developments, as the President and father of our teeming family members, I am here to announce that the Enugu State inauguration is suspended, while Imo State’s inauguration should proceed as scheduled. Furthermore, the operations of all 36 state chapters and Abuja are hereby suspended until the Federal Executive Council convenes and announces a new mode of operation for the entire 36 states and Abuja.”

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Abbas acknowledged that the suspension could cause disruptions for MATAN members but stressed that it was a necessary course of action. He expressed his regret over the inconvenience, adding that he remains optimistic about the upcoming discussions with the Federal Executive Council, which he believes will provide lasting solutions to the association’s concerns. “This decision was made out of necessity. I believe the suspension may hurt our members, and we regret any inconvenience this painful decision may cause. However, we had no choice but to implement it. I am confident that the outcome of our meeting will serve as the final solution to our grievances,” he stated.

MATAN members across the country will be awaiting further updates as the association navigates this transitional phase. In the meantime, Abbas urged traders to remain united, emphasizing his unwavering commitment to resolving the underlying issues affecting the organization.

The Market Traders Association of Nigeria is a national organization committed to supporting market traders and advancing trade-related policies for economic growth. The association plays a crucial role in facilitating dialogue between traders and government stakeholders, ensuring that market conditions remain favorable for business development.

This latest suspension marks a pivotal moment for MATAN, with traders, stakeholders, and the government looking ahead to forthcoming resolutions.

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