Ihedioha vs Uzodinma: The Supreme Court revisits Imo state election Judgement
The Supreme Court will take a second look at its January 15 controversial judgment, which upturned the election of Emeka Ihedioha of the Peoples Democratic Party as Imo State Governor and the declaration of Hope Uzodinma of the All progressives Congress, APC, as the winner of the March 9 governorship election in the Eastern Heartland State.
The decision by the apex court to review its judgment came following the protest by the leadership of the Peoples Democratic Party (PDP) led by Uche Secondus, on the need for the court to revisit its earlier verdict and possibly set it aside.
As Nigerians and the world at large await the ‘second leg’ of the Supreme Court judgement, let’s Take a critical look at the chances of both candidates and what may play out at the sacred shrine of justice.
Ihedioha: The journey to Douglas House
Chief Emeka Ihedioha’s journey to the Douglas House became an easy ride when Uche Nwosu, the anointed candidate and son-in law to immediate past governor, Rochas Okorocha was denied the APC ticket. The deflection of Nwosu to a little-known Action Alliance made the journey smooth for Ihedioha, who was the Deputy Speaker of the 8th Green Chamber.
Expectedly, on March 12, 2019 the Independent National Electoral Commission (INEC) declared Ihedioha winner after polling 273,404 ahead of his closest rival and candidate of the Action Alliance, Uche Nwosu, who polled a total of 190,364.
The candidate of the All Progressives Grand Alliance (APGA), Ifeanyi Ararume came third ahead of Hope Uzodinma of the All Progressives Congress (APC). The former polled 114, 676 while the latter polled 96,458.
Surprisingly, Uzodinma, who came fourth approached the tribunal on the ground that his results in some polling units were illegally cancelled.The tribunal and the appellate court threw out his petition on the ground that it lacked merit and was not substantial enough to give him victory. Dissatisfied with the lower courts unfavourable verdicts, Uzodinma stormed the apex court for a final shot.
Exactly 230 days into his government, a controversial judgment by the apex court announced a new government in Imo following the nullification of the election of Emeka Ihedioha of the Peoples Democratic Party (PDP) as the governor of Imo State. The apex court declared Hope Uzodinma of the All Progressives Congress (APC) as the winner of the March 9 governorship election in the state.
In the unanimous judgment of the seven-member panel, read by Justice Kudirat Kekere-Ekun, the apex court agreed that results in 388 polling units were unlawfully excluded during the collation of the final governorship election result in Imo State. Justice Kekere-Ekun said with the results from the 388 polling units added, Mr Uzodinma polled a majority of the lawful votes and ought to have been declared the winner of the election by the Independent National Electoral Commission, INEC.
Amazingly, the judge did not provide the details of the new votes scored by each of the candidates after the addition of the results from the 388 polling units. This development left many Nigerians bewildered. Of course, the judgment was greeted with mixed reactions, with most Nigerians faulting the apex court for the verdict. The victim of the apex court sledge hammer, the Peoples Democratic Party, led by its chairman, Uche Secondus stormed the streets in protest of the controversial judgement, thus, demanding the Supreme Court to set aside its judgment.
However, documents obtained showed that the Collation Officer, Prof. B.C. Ozunda, had announced a total number of registered voters in Imo to be: 2,037,569. He also said 585,741 were accredited while a total number of 542,777 votes were cast. Valid votes were 511,586 and rejected votes were 31,191.
A quick look at the results of the these contenders showed that;
- Ihedioha — 273,404 votes
- Nwosu — 190,364 votes
- Ararume — 114, 676 votes
- Uzodinma — 96,458 votes
Total: 560,226 – 542,777, which was the number of the valid votes =17,449. Many Nigerians are still wondering how Uzodinma got the judgement.
What happened in Imo state election is quite hilarious. It’s a huge embarrassment which must be revisited. The apex court needs to clear itself of this mess; They are left with two options, to either upturn or uphold its decision. Stay tuned for more update.
CBN Sells Polaris Bank To SCIL
The Central Bank of Nigeria (CBN) has announced the completion of the sale of shares in Polaris Bank to Strategic Capital Investment Limited (SCIL), a new core investor.
In a statement signed by its Director, Corporate Communications Department, Osita Nwanisobi, the CBN said that SCIL has paid an upfront consideration of N50 billion to acquire 100% of the equity of Polaris Bank and has accepted the terms of the agreement, including the full repayment of the sum of N1.305 trillion, being the value of the bonds, which as part of its intervention, in 2018, to revoke the licence of the former Skye Bank Plc. and establish Polaris Bank to assume its assets and certain liabilities, the banking industry regulator injected into Polaris through the Asset Management Corporation of Nigeria (AMCON) and is to be repaid over a 25-year period.
The statement reads: “The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) are pleased to announce the completion of a Share Purchase Agreement (SPA) for the acquisition of 100% of the equity in Polaris Bank by Strategic Capital Investment Limited (‘SCIL’).
“Polaris has been operating as a bridge bank since 2018 when the Central Bank of Nigeria intervened to revoke the licence of the former Skye Bank Plc. and established Polaris Bank to assume its assets and certain liabilities. As part of the CBN intervention, consideration bonds with a face value of N898 billion (future value of N1.305 trillion) was injected into the bridge bank through AMCON, to be repaid over a 25-year period.
“These actions were taken to prevent the imminent collapse of the bank, enable its stabilisation and recovery, protect depositors’ fund, prevent job losses and preserve systemic financial stability. SCIL has paid an upfront consideration of N50 billion to acquire 100% of the equity of Polaris Bank and has accepted the terms of the agreement which include the full repayment of the sum of N1.305 trillion, being the consideration bonds injected.
“The CBN thus received an immediate return for the value it has created in Polaris Bank during the stabilisation period, as well as ensuring that all funds originally provided to support the intervention are recovered. The sale was coordinated by a Divestment Committee comprising representatives of the CBN and AMCON, and advised by legal and financial consultants. The Committee conducted a sale process by ‘private treaty’, as provided in Section 34(5) of the AMCON Act to avoid negative speculations, retain value and preserve financial system stability.
“In the process, parties who had formally expressed an interest in acquiring Polaris Bank, subsequent to the CBN intervention in 2018, were invited to submit financial and technical proposals. Invitations to submit proposals were sent to 25 pre-qualified interested parties, out of which three parties eventually submitted final purchase proposals following technical evaluation. All submissions were subject to a rigorous transaction process from which SCIL emerged as the preferred bidder having presented the most comprehensive technical/financial purchase proposal as well as the highest rated growth plans for Polaris Bank.”
The CBN Governor, Mr. Godwin Emefiele, was quoted in the statement as saying that: “This sale marks the completion of a landmark intervention in a strategic institution in the Nigerian banking sector by the CBN and AMCON. We commend the outgoing board and management for their vital role since the bridge bank was established; in stabilising the Bank’s operations, its balance sheet and implementing strong governance structures to address the issues that led to the intervention.
“This process has provided the CBN with an unprecedented opportunity to recover its intervention funds in full and promote financial stability and inclusive growth. We wish SCIL well as they implement growth plans to build the bank from the strong foundations that have been established.”
Media Intelligence agency Marks Six years of Operation in Nigeria
Media Intelligence agency Marks Six years of Operation in Nigeria.
P+ Measurement Services, Nigeria’s foremost Independent Public Relations measurement and evaluation agency, celebrates its sixth year of effective operation with qualitative offerings for its numerous clients, as it rebrands with a new business logo, website, and office to deepen penetration.
The leading company has in the past six years engendered the needed growth for its clients, and the rebranding is part of efforts aimed at sustaining its leading position in the sector, having worked with over 47 brands and 17 Public Relations agencies in Africa’s largest economy.
The logo with new colors depicts the innovation and creativity of the brand, as also shown on its new website with the agency service rate, to enable brands and agencies to make faster decisions in budgeting.
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As the only AMEC Member in Nigeria, P+ has strong partnerships with the Nigerian Institute of Public Relations (NIPR) and Reelforge Media Monitoring, the biggest media monitoring agency in the East African region, covering more than five countries.
Speaking on the company’s new development, the Chief Insights Officer, Philip Odiakose, said P+ is strongly positioned to effectively deliver on its offerings, with state-of-the-art structure, process and highly skilled media analysts in an exceptional and value-driven business model in line with global best practices.
“Our Measurement and Evaluation report is in-depth, robust, and flexible to accommodate valid metrics that brands desire to see reflected in their customized reports, and also based on the AMEC Standard in accordance with the Barcelona Principle 3.0. We deploy the P+MCA (media content analysis) methodology for media evaluation and analysis based on qualitative and quantitative metrics in analyzing media exposure,” Odiakose affirmed.
He said the new office would serve as a hub in the country and the West Africa sub-region, where the company will provide media monitoring, measurement, evaluation, and performance audit services for brands, media agencies, government agencies and NGOs.
Also as part of its efficient services, the measurement and evaluation company introduced “Get-Reports,” a novel product that allows the purchase of PR performance audit reports in key sectors.
The “Get-Reports” product spans across different industries which includes the 22 Commercial Nigerian Banks PR Performance Audit Report, Top Nigerian Insurance PR Performance Audit Report, Top Nigerian Digital Banks PR Performance Audit Report, and Top Online Streaming Services PR Performance Audit Report.
It’s not too late for NASS to revisit e-transmission of election results – SAN
By Gistflash News
Sept 26, 2021
The clause 52(2) of the bill gives the Independent National Electoral Commission (INEC) the discretion to determine when, where and how voting and transmission of results will be done.
The Senate had ruled out the possibility of having results transmitted electronically when it voted that the NCC, with the National Assembly’s approval, would determine whether INEC could transmit results electronically or not.
Similarly, the House of Representatives, on July 16, passed the Electoral Act (Amendment) Bill, maintaining the controversial Clause 52(2) as presented amidst protests, especially by members of the minority caucus.
After the passage of the bill, the Speaker, Mr Femi Gbajabiamila, criticised the proposed electronic transmission of election results, saying it was not feasible in the country for now.
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