With Concerns over Global Banking Crisis, Emefiele Pledges Improved Supervision, Monitoring of Banks IMF’s support for tight monetary policy excites CBN governor Nume Ekeghe, Funke Olaode and Ugo Aliogo in Washington DC Following recent collapse of Silicon
Valley Bank and Signature Bank in the United States that heightened concerns of a likely global banking crisis, the Governor of the Central
Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday said regulators in Nigeria would continue to keep their eyes on banking system
stability, through monitoring and supervision of financial institutions. Emefiele said this during an interview with journalists on
the sidelines of the ongoing International Monetary Fund/ World Bank Spring Meetings in Washington DC.
In addition, he pointed out that the support of CBN’s tight monetary Continued on page 5
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Fintiri, Binani Renew Battle as INEC Holds Supplementary Polls Nasir Idris tackles Mohammed Bande for Kebbi State governorship Elections also holding in 5 senatorial districts, 31 federal and 58 state assembly constituencies Bennett Oghifo, Chuks Okocha and Adedayo Akinwale The Independent National Electoral Commission (INEC), will today hold supplementary elections in a number of polling units in 24 states across Nigeria to conclude all outstanding governorship, national and state assembly polls. In earlier elections held on February 25 and March 18, INEC declared winners for the Presidency, 26 governorship, 104 senatorial, 329 House of Reps membership and 935 state assembly seats.
Fintiri
However, the election umpire declared several polls inconclusive, while it cancelled others due to irregularities and violence in the affected states. At the top of the supplementary polls today will be the governorship elections in Adamawa and Kebbi states. There will also be supplementary polls in five senatorial districts, 31 federal and 58 state assembly constituencies. In the Adamawa State governorship election result declared on March 11, incumbent governor Ahmadu Fintiri of the
Peoples Democratic Party (PDP) polled 421,524 votes, while his main rival, Aishatu ‘Binani’ Dahiru of the All Progressives Congress (APC) scored 390,275. Fintiri defeated Binani with a margin of over 30,000 votes. The governor also won the election in 13 of Adamawa’s 21 local government areas while Binani won in the remaining eight. But the state’s Collation Officer, Prof. Mohammed Mele announced the cancellation of elections in 69 polling units in Fufore Local Government Area, which affected
Binani
no fewer than 37,016 potential voters with PVCs in those units. Although final results showed that Fintiri scored the highest votes, INEC said the cancelled votes were more than the margin of victory between him and the runner-up, Binani. It, therefore, declared the governorship election in Adamawa State inconclusive. Today, the 37,016 potential voters in Fufore will determine the fate of Fintiri and Binani as they renew their rivalry.
Idris
Idris Vs Bande in Kebbi
The Kebbi State Governorship election results announced after the March 11 polls showed that the candidate of the ruling APC, Dr. Nasir Idris scored 388,358, while Mohammed Bande of the PDP scored 342,980. There was cancellation of results in a number of local government areas of Kebbi State, cutting across a number of Registration Areas in different polling units. The cancelled votes were more than the margin of victory between Idris and Bande.
As a result, the Collation and Returning Officer of the election, Prof. Yusuf Sa’idu of the Usman Danfodio University, Sokoto, declared the Kebbi governorship election inconclusive. Prof. Yusuf Sa’idu said: “We aggregated the total number of collected PVCs in polling units where elections were cancelled and it came to a total of 91,829. “And when we checked the results, the two leading political parties in this contest, APC and
Bande
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