Dollar Drops In Nigerian Forex Market As Buhari Emerges President-Elect

News of a Buhari election victory and a smooth transition process has already begun to have its impact on the Nigerian economy suffering from many judo jabs.

As the favored opposition candidate, General Muhammad Buhari coasted to a victory Tuesday, the dollar exchange rate immediately began to drop from an all time high of N230 last week to N210 yesterday. The exchange rate is projected to fall to under N200 before the official handover May 29th.

Wednesday morning General Muhammad Buhari was declared the winner of a highly contested and heated election in Nigeria, Africa’s most populous nation. The nation had suffered various threats to its economy, integrity and stability with threats and fears of riots and possible sectarian and terrorist war from both sides as reaction to an election defeat.

A Buhari victory has been predicted by global economists to reassure the market and increase investment in Nigeria. Buhari, an upright army man is also regarded as a better manager of the failing economy.

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Buhari’s Victory: Confidence in His Leadership Qualities, Amosun

Ogun State Governor, Senator Ibikunle Amosun has congratulated the President Elect, General Mohammadu Buhari, for his victory at the just concluded 2015 general elections.

In a statement by his Spokesperson, Mrs Olufunmilayo Wakama, Amosun described the election as a demonstration of the Nigerian people’s confidence in General Buhari’s strong leadership qualities.

“The people have spoken and demonstrated with their votes, their confidence in the ability of the president elect to pull the Nation out of its present economic woes,” he said.

The governor added that the trajectory of the president elect, his principles and uprightness are some of the qualities that must have endeared him to the electorate.

He expressed the hope that a Buhari presidency will bring about the much anticipated and needed security, economic growth and by extension development and prosperity to the Nigerian Nation.

“I convey my best wishes and look forward to a prosperous and great country under your leadership”, the governor added.

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BREAKING: President Jonathan Set to Resign After Defeat [His Resignation Speech Leaks]

Barely twenty four hours after he was defeated by the candidate of the All Progressives Congress (APC), General Muhammadu Buhari, in the just concluded 2015 presidential election, president Goodluck Jonathan has concluded plans to resigned from office as the president of the Federal Republic of Nigeria.

His plan to resign is coming 2 months to the end of his tenure which elapses on May 29, 2015.

Although, sources said the president’s decision to resign resulted from the shocking and unexpected defeat he suffered during last Saturday’s poll, the president in a statement by his Special Adviser on Media and Publicity, Reuben Abati said the president is resigning so as to pave way for a new government which will usher in the much desired change as reflected by the electorates at the poll.

The president’s full statement reads:


Fellow Countrymen; it’s with deep sense of patriotism that I make this speech tonight. You will recall that when I was made the acting president and subsequently president due to the untimely death of president Shehu Yaradua GCFR, I had to do my best to keep the nation as one, knowing that the polity was still heated at that moment, as failure to do so would have seen the army probably striking, hence my inability to perform to your expectation. All I did during the two years period of serving out President Yaradua’s tenure was to see to the rule of law which he began till he passed away. May his gentle soul rest in peace.

When the coast was clear for election to take place, I went into the race, campaigning to all of you in your various states, soliciting for your votes. Many of you formed various groups on my behalf to woo the electorates. May I at this junction correct this belief that I initiated the “I had no shoes” mantra; on the contrary, I was shocked myself to see the campaign jingle all over the media. As a matter of fact, I was not consulted before it was done, but I realize that it was all campaign strategy aimed at appealing to your conscience. I made various promises in each of the states I visited, which was a total of ninety one (91). Dear compatriots, I have I not forgotten the promise made in any of these States.

I do not seek to be a hero among you; neither do I seek the title of statesmanship, when I don’t deserve it. I’m not unaware that you turned your back on me during the infamous January 1st 2012 fuel subsidy which was engineered by the Federal Executive Council, an action which necessarily I would not have even considered, considering that I came from the same background as you. But who was I to say no to a Harvard graduate like Ngozi Okonjo Iweala, who you all agreed is an economic guru, when she gave cogent economic reasons on why the fuel subsidy should be removed, even though I admit that I never understood what it meant. Tonight, I want to apologize for that action which I took that that caused the protests where lives were lost. I apologize to the family of Enenche Akogwu, the Channels TV reporter who died on the line of duty reporting the anger of Nigerians against the decision I took.

I feel your pain and I do believe you also feel mine. It is my sincere drive to better your standard of living that I approved the fuel subsidy decision, especially on a day when you all should be rejoicing and making resolutions for the New Year. Please forgive my being insensitive. The hallmarks of leader is admitting when they are wrong, apologizing for it and showing true signs of repentance. Yes, cabals have taken over my administrations as I have admitted over time; cabals whom I thought I could fight to a standstill, but I was wrong. How could I fight cabals like Femi Otedola, Aliko Dangote, Jimoh Ibrahim, Dantata, Chris Uba and a host of others too numerous to mention, when they all bankrolled my election? I agree that in this area I failed Nigerians; I failed you, knowing that it was your votes that brought me into power. I was not blabbing when I vowed to fight the fabrics of corruption that have eaten deep into the system, but may I tell you this compatriots; the fight against corruption can be fought only with a clean hand, which admittedly I don’t have. I’m sorry if I disappointed you.

Your complaints against Alison Madueke, urging me to fire her as Minister of petroleum is justified, and even though I truly wish to bow to your wishes, especially when glaring evidences were provided, but I truly do not have the courage to fire a kinsman, who have been a financial pillar to me and ‘bedmate’, as some of you allege, but I can sincerely say to you that they were all figments of imaginations of the media. I need not talk about Elder Orubebe; his corrupt files are on my table, but again, the same hand that held me back from firing Alison had also held me back from sacking him, but do not mistake me for gay, as I am not one. In this I know that I broke the oath of office by practicing nepotism. Once again, I apologize to all Nigerians.

Fellow citizens of our great country Nigeria, you must have observed that we are gradually winning the war against terrorism, as orchestrated by Boko Haram. Though it was not easy taking the decision to declare state of emergency in Borno, Yobe and Adamawa States, but send a message that we are not a nation govern by terrorists, who vowed to hold us to ransom, I had to take it. The issue of Boko Haram will be a thing of the past before the end of 2013; this I can assure you. I urge you to ignore any propaganda of the group or any other insurgent groups. We will win. Yes, we will overcome.

If there is any individual that I owe loads of apologies to, the person is Governor Rotimi Amaechi of Rivers State, who I admit has not done anything to me personally to incur my wrath. Let me at this very moment state that my fight against him has been due to what my political followers in the field fed me with, as well as his misunderstanding with my wife. I have been told that he intends to slug the PDP presidential ticket with me, an action which my political friends consider an affront to me. I know I ought to have personally asked him if it was true, but due to ill advise, I overlooked it. Rotimi Amaechi, my younger brother, accept my apology. The media has not been helpful as they have blown a little squabble into a feud. To my friends in the media, please help us in mending fences not deepening it, especially the social media which has become the main source of news to Nigerians.

Tonight, and again, I say, tonight, I am stating it loud and clear that my wife is hereby banned from attending any government functions in my capacity, commission any government properties or parade herself as an elected official of the Federal Republic of Nigeria. I am aware of the entire crisis that she has caused in various states that she has visited, especially her role in the catastrophe between Governor Amaechi and the presidency. While I hold my dear wife in I high esteem, I also hold the sanctity of this nation in high regards. Consequently, the Minister of State, Education is hereby relieved of his duties for personal reasons, while the Rivers State commissioner of Police, Mr. Mbu is to go on compulsory. The minister of Health is also relieved following allegations of his incompetence as former Chief Medical Director of Ebonyi State leave Teaching Hospital (EBSUTH) and his inability to quickly put an end to the Medical and Health workers strike that engulfed the country. These pronouncements take place with immediate effect.

The education travails in this country affects me just the way it affects you. My Alma Mata, University of Portharcourt is among the schools on strike and it hurts me to see it so. You wonder why I singled out UNIPORT? When I was there, I never went on strike neither do the polytechnics shut down, but today under my watchful nose, ASUP and ASUU has gone on strike the same period. I want to put an end to it once and for all, but our coordinating Minister of the economy and Minister of Finance is saying that we do not have the amount needed by ASUU, but I can assure you that we will resolve it as soon as possible.

As for the long lingering crisis in the health sector, I hereby make a pronouncement to all medical workers that the role of the chief medical director is now a position for all health workers. This is to create the much desired harmony in the health sector as we have in other climes; however the holders of MBBS will co-ordinate medical affairs during most clinical activities in the hospitals. The board of all the hospitals will be reconstituted to allow even representation of all medical practitioners. The National health bill shall be signed into law by me the moment all the grey areas are looked into and consented to by the various medical professional unions.

Compatriots, this is the solemn moment; a moment of decision. I appreciate your followership for the past four years, as individuals and a people, however I have come to the conclusion that I do no longer wish to be your president, hence I am resigning as the President and grand commander in chief of the Federal republic of Nigeria. The letter to this effect will be communicated to the Senate President.

God bless the Federal Republic of Nigeria.

Waking up from slumber. The president is not resigning. It is actually an April Fool Joke

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Buhari Emerges Nigeria’s President-Elect

After three previous failed shots at the presidency, Muhammadu Buhari is finally moving into Aso Rock, Nigeria’s presidential palace,as the President of the Federal Republic of Nigeria.

A retired Major-General, Mr. Buhari, who contested on the platform of the All Progressives Congress, APC, polled a total of 15,416,221 votes to defeat the incumbent and candidate of the Peoples Democratic Party, President Goodluck Jonathan, who got 12,853,162 votes.

The APC candidate got the highest number of votes in 21 states while Mr. Jonathan prevailed in 15 states and Abuja.

Mr. Buhari has also met the constitutional requirement to be declared President-elect by getting more than one quarter of the votes in 27 states.

The APC candidate won in Adamawa, Bauchi, Benue, Borno, Gombe, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara, Lagos, Niger, Ogun, Ondo, Osun, Oyo, Sokoto, Yobe and Zamfara.

Mr. Jonathan on the other hand prevailed in Rivers, Plateau, Taraba, Nasarawa, Imo, Enugu, Ekiti, Edo, Delta, Ebonyi, Cross River, Bayelsa, Anambra, Akwa Ibom, Abia and the Federal Capital Territory (Abuja).

The Independent National Electoral Commission is yet to announce Mr. Buhari’s victory because the commission is still expecting results of the presidential election from Borno.

But we can report that Mr. Buhari got 473,543 votes in Borno compared to the 25,640 earned by Mr. Jonathan.

So, the APC candidate has practically won the election by beating Mr. Jonathan by 2,563,059 votes.

Mr. Buhari’s victory makes it the second time since 1999, when Nigeria returned to democratic rule, that a retired military officer would become Nigeria’s president.

Mr. Buhari, who wields enormous support in Northern Nigeria, won in 21 states to emerge victorious.

The retired army officer’s journey to the presidency began in 2003 when he contested under the platform of the now defunct All Peoples Party, APP.

That year, he got 12.7 million votes to lose to Olusegun Obasanjo, also a retired army officer, who was seeking a second term as president.

Despite picking a southerner, the late Chuba Okadigbo, as a running mate, Mr. Buhari got a huge chunk of his votes from the north.

Four years later, Mr. Buhari, contesting under the ANPP, attempted another shot at the presidency, this time going head to head with a fellow northerner, Umar Yar’adua of the PDP.

Again, he lost.

Despite still picking a southerner as a running mate, his performance in 2007 was far worse than that of 2003 – he polled a meagre 6.6 million votes while the eventual winner got thrice his vote.

By 2011, Mr. Buhari helped found another party, the Congress for Progressive Change, CPC, and, once again, he aimed a shot at becoming president.

Once again, he picked a southerner as running mate.

On April, 16, 2011, he ran against the incumbent, President Jonathan.

He polled 12.2 million votes to lose to Mr. Jonathan who got almost twice his votes.

After the 2011 general elections, three major political parties – the Action Congress of Nigeria (ACN), a faction of the All Progressives Grand Alliance (APGA), and Mr. Buhari’s CPC – began talks on a merger that would enable it provide a formidable platform to challenge the dominant PDP.

On February 6, 2013, the APC was founded.

“We promise not to disappoint Nigerians who have reposed much confidence in us,” Lai Mohammed, then interim National Publicity Secretary of the APC, said at the time.

“We say that contrary to the lies peddled by the naysayers, we are not seeking political power for the sake of getting it, but in order to use it to empower our people and allow their long-nursed hopes and dreams to become a reality.”

At the APC presidential primaries in December 2014, Mr. Buhari contested against political heavyweights like Atiku Abubakar, former vice president; Rabiu Kwankwaso, governor of Kano State; and Rochas Okorocha, governor of Imo State.

At the end of the day, the retired general polled 3,430 delegates votes to defeat his challengers.

For his running mate in the run up to the 2015 general election, Mr. Buhari again picked a southwesterner as a running mate.

During his campaign, the 73-year-old traversed the length and breadth of the country canvassing for votes.

The 2015 presidential election was the first time Mr. Buhari won in states outside northern Nigeria, winning all the south-western states except Ekiti State.

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Asari Dokubo Congratulates Buhari, Says He is a Friend to Any Govt

Asari Dokubo also congratulates Gen. Buhari.

He said: I’m not a creation of jonathan before jonathan there was asari, after him there will be asari, i’m a friend to any government in power.

This is an outrage, unbelievable.

Alhaji Mujahid Asari-Dokubo (born 1964), formerly Melford Dokubo Goodhead Jr. and typically referred to simply as Asari, is a major political figure of the Ijaw ethnic group in the Niger Delta region of Nigeria.

He was president of the Ijaw Youth Council for a time beginning in 2001 and later founded the Niger Delta People’s Volunteer Force which would become one of the most prominent armed groups operating in the Niger Delta region.

Asari Dokupe-NGTrends

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Jonathan Calls To Congratulate Buhari

It has been reported that President Goodluck Jonathan has called his major challenger and the likely-winner of the 2015 presidential election, Muhammadu Buhari of the All Progressives Congress, APC to congratulate him.

According to a source, the president spoke with Muhammadu Buhari on the phone and will address the country after rounding off his meeting with his cabinet.

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Fayose Praises Buhari, Urges Nigerians to Accept Election Results

The Ekiti State Governor, Ayodele Fayose, has urged Nigerians to accept the outcome of Saturday’s presidential election in good faith, saying; “the election result is the will of God and Nigerians, and all lovers of peace, progress and development of Nigeria must accept it”.

Mr. Fayose, in a statement by his Special Assistant on Public Communications and New Media, Lere Olayinka, hailed the resilience and commitment of President Goodluck Jonathan and Mohammadu Buhari.

The governor said the election results should not been seen as victory or loss for any political party, adding that, “To me, Nigerians and democracy won.”

He praised Nigerians for believing in the democratic process, adding that “by this election, Nigerians have shown that Democracy has come to stay in the country”.

The governor said, “I salute Nigerians, especially the great people of Ekiti State.

“I salute President Jonathan for laying the most solid foundation for democracy in Nigeria. And I salute Major General Buhari for being a resilience and dogged fighter.

“I urge Nigerians, irrespective of their ethic, religious and political affiliation to respect the outcome of the election in the interest of peace, progress and development of the country.

“Nigeria as a country is greater than any individual or group and it is my plea that no one should do anything to rock the boat of peace in the country.”

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Military Commander Detained In Benin for Refusing to Co-operate with PDP

The Commanding Officer, 195 Battalion (Rear) Major M. S. Adamu has been arrested and detained at the Headquarters of 4 Brigade officers’ Mess in Benin for refusing to cooperate with the Peoples Democratic party (PDP), Board of TrusteesT (BoT) Chairman, Tony Anineh.

Tony Anenih had reportedly ordered Major Adamu to use his boy to provide cover for the rigging of the votes in Edo State, an act he refused but landed him into trouble.

He was detained on the orders of the Commander, 4 Brigade Army, Brig General Laleye for not taking orders.

Details later…

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For Five Days, Jonathan Didn’t Know Morocco Has Withdrawn Its Ambassador from Nigeria – Soyinka

n an interview with the Uk Guardian, Nobel Laureate, Professor Wole Soyinka painted the sorry picture of a helpless President Jonathan who is ostensibly surrounded by aides holding him captive.

Soyinka said until he told Jonathan about what was turning out to be an embarrassing diplomatic spat between Morocco and Nigeria, the President didn’t know that the Moroccans had recalled their ambassador from Nigeria over a telephone conversation that never was. The Moroccan royal palace said the king had declined a request for a phone conversation, while Nigeria insisted that the two leaders had spoken at length. Nigeria later backed down and admitted the conversation did not happen, wrote the Guardian.

“Here is a situation where a president did not even know that a foreign country, a friendly country, had withdrawn its ambassador from Nigeria. I was the one who told him. He jumped up as if his seat was on fire. I couldn’t believe it … He was not aware that for about five days the media had been absolutely hysterical with this embarrassing situation between the two. It was that very night that he made a public statement about it for the first time”, Soyinka recalls.

“So when I say that there is a force around, I know what I’m talking about. There is a very sinister force in control and it is that sinister cabal which is responsible for caging him in and showing him what they think he should know about and keeping away from him things which are not in their interest, and this for me is the most dangerous situation that any nation can be in.”

The man of letters also said the ongoing general elections have become a shamble and the build up, an embarrassing spectacle.

“Most expensive, most prodigal, wasteful, senseless, I mean really insensitive in terms of what people live on in this country,” Soyinka continued. “This was the real naira-dollar extravaganza, spent on just subverting, shall we say, the natural choices of people. Just money instead of argument, instead of position statements.

“And of course the sponsoring of violence in various places, in addition to this festive atmosphere in which every corner, every pillar, every electric pole is adorned with one candidate or the other, many of them in poses which remind one of Nollywood.

“I get a feeling sometimes that some of these candidates were just locked in their wardrobes and they were told: ‘Just take selfies in there and don’t come out until you’ve finished the entire wardrobe.’ All kinds of postures. Just ridiculous. It has been an embarrassing exercise in terms of electioneering,” Soyinka said.

You can read the full interview here. 

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PDP Chairman Adamu Mu’azu Deletes Tweet Claiming That PDP Is Leading In 23 States

The chairman of the Peoples Democratic party (PDP), Adamu Mu’azu deleted a tweet where he claimed that the party is leading the presidential election in 23 states.

Mu’azu in a number tweets via his twitter handle @Muazuaa, had two hours ago said “As we speak now, we are winning in 23 states and we have 64 percents while APC is winning in 14 states and has 36 percent- PDPPCO”. But soon after the chairman of the Independent National Electoral Commission(INEC), Attahiru Jega countered the claim by the Director of Publicity of the PDP campaign, Femi Fani-Kayode that no election result has been released, Mu’azu quickly deleted the tweet from his timeline.

Jega, while speaking at a press conference at the International Conference Centre in Abuja responded to the question by a journalist asking if it is true that the PDP is leading in 23 states as claimed by Fani-Kayode.

READ: Fani-Kayode Lied, PDP Not Leading In 23 States, Says Jega

Fortunately, we made a screen shot of the tweet before Mu’azu decided to deleted it from his twitter account.

See screen shot below:


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INEC Office Set Ablaze in Rivers

Report reaching us indicates that the office of the Independent National Electoral Commissions (INEC) in Emohua local government area has been set ablaze by unknown political thugs.

It was gathered that the building located at Emohua, the council headquaters which houses the electoral body was Sunday morning engulf in fire.

The development may not be unconnected with the alleged irregularities opined by the All Progressives Congress, APC during Saturday’s election in the state.

As at press time, none of the election results has been announced.

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NSA Dasuki Summons Head of Security Agencies Over Presidential Election

Report reaching us indicates that the National Security Adviser, Sambo Dasuki has summoned all head of security agencies to a crucial meeting.

The head of the security agencies summoned to the meeting includes that of the Nigerian Immigration Service, Nigerian Prisons Service, Nigeria Customs service amongts others.

The meeting is a follow up to the earlier one held between President Goodluck Jonathan, Vice President Namadi Sambo, Senate President David Mark, the NSA, Sambo Dasuki and the service chiefs.

Abusidiqu has reported that the earlier meeting was meant to review the results of the ongoing presidential and National Assembly election with a view to inflating the results of the president.

READ: Jonathan, Sambo, David Mark Meet With Service Chiefs and NSA, New Plans To Rig Exposed!

It is not immediately clear what the meeting between the NSA and the head of security agencies is meants to achieve.

Details later…

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