Rivers Govt Fubara clarifies Appeal Court rulingThe Rivers State Government has made it clear that the recent Court of Appeal ruling in Abuja did not reinstate the Martin Amaewhule-led faction of the State House of Assembly, dismissing claims that they are still members of the Assembly.
In a statement released on Thursday by the State Attorney General and Commissioner for Justice, Israel Dagogo Iboroma, SAN, the government insisted that Amaewhule and 26 other lawmakers automatically vacated their seats when they defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC) on December 11, 2023.
According to Iboroma, this defection triggered Section 109(1)(g) of the 1999 Constitution, which states that lawmakers who switch political parties lose their seats. Neighbor recounts how woman abused 12 years old niece, burnt her with hot knife and forced.
"The issue of Martin Amaewhule and 26 others defecting was never brought before the Federal High Court or the Court of Appeal. Therefore, no court has confirmed their membership in the Assembly after their defection."
The Attorney General also clarified that the case before the Federal High Court and subsequent appeal was regarding the 2023 Appropriation Act and the interference of the National Assembly in the legislative process of Rivers State, not the jurisdiction of the defected lawmakers.
After the Court of Appeal rejected the government's appeal against the 2023 Appropriation Act, Iboruma criticized the decision as incorrect. There are false rumors circulating that Amaewhule and others in the House will continue to support him as a speaker. This is completely untrue.
The state's Attorney General also stated that the government will appeal to the Supreme Court to maintain the current situation and request a stay of the executions.
According to Iboruma, Governor Siminalayi Fubara has advised the people of Rivers State to ignore misleading rumors about the court's decision and assured that the law will be enforced to resolve the issue.
First Lady Tinubu Has Donated N1 Billion To The OAU State Capital.
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First Lady Tinubu has donated N1 billion to the OAU state capital.
The First Lady Olormi Tinubu reminisced about her student days at Obafemi Awolowo University (OAU) in ILE-IFE. She expressed concern over the deteriorating beauty of the university and called for more efforts to restore the environment.
Inaugurating the 2.7km Senator Olormi Tinubu Road, which was donated by the Ooni of Ife, Oba Adeyeye Ogunwusi, Mrs. Tinubu emphasized the need for renovation. She attributed the decline in beauty of the campus to the lack of conservation culture. Mrs.
Tinubu pledged to donate N1 billion to rebuild the agricultural land of OAU, stating that the campus used to be beautiful and needs to regain its beauty.
The First Lady thanked Oba Ogunwusi for naming events after her and commended Mrs. Tinubu for her work in educating and empowering women. Oba Ogunwusi mentioned that a golden statue has been built to immortalize Mrs. Tinubu's nature as a teacher, mother, and wife. Additionally, a new dormitory and a dynamic pavilion have been constructed on the campus.
The event highlighted the importance of infrastructure development in Osun state and celebrated Senator Olormi Tinubu's leadership gifts in reviving the university's environment.
Ten African Rulers Have Collectively Ruled For A Total Of 333 Years.
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Ten African rulers have collectively ruled for a total of 333 years.
The most experienced leaders in African countries.Africa is home to a number of historical rulers who came to power through various means, including elections, military coups, and royal successions.
Among these ten rulers, Cameroon's President Paul Biya, aged 91, has been in power since 1982. Reports of Biya's health and whereabouts became a topic of discussion across Africa this week following rumors of his passing.
Biya's most recent public appearance was at the China-Africa Summit in Beijing in early September. His absence from the recent UN General Assembly in New York and a summit of French-speaking countries (La Francophonie) in France fueled the speculations.
Cameroon's ambassador to France affirmed that Biya was "in good health" in Geneva, a place he frequently visits. Moreover, Cameroon's government spokesman, René Sadi, officially refuted the rumors, ensuring that Biya would return home "in the next few days.
"Here are the ten longest-serving African heads of state:
1. Teodoro Obiang Nguema Mbasogo (Equatorial Guinea) - 41 years in power.
2. Paul Biya (Cameroon) - 41 years in power.
3. Denis Sassou Nguesso (Congo) - a total of 40 years in power.
4. Yoweri Museveni (Uganda) - 38 years of leadership.
5. King Mswati III (Eswatini) - 38 years in power.
6. Idriss Déby (Chad) - 30 years in power until his demise in 2021.
7. Isaias Afwerki (Eritrea) - 31 years in power.
8. Ismail Omar Guelleh (Djibouti) - 25 years in power.
9. King Mohammed VI (Morocco) - 25 years in power.
10. Paul Kagame (Rwanda) - 24 years in power.These leaders have significantly influenced the political landscape of Africa for over a century.
Bishops Abioye, Aremu To Retire From Roles At Living Faith Church
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Bishops Abioye, Aremu to retire from roles at Living Faith Church
The Bishops of Abioye, Aremu resign from the work in the Living Faith ChurchLiving Faith Church, popularly known as Winners Church, is preparing to bid farewell to two top leaders, Bishop David Olatunji Abioye and Bishop Thomas Armo.
These two bishops will retire in October 2024. Their retirement follows the administrative guidelines of the Ordination Commission, also known as the mission, which serves as the constitution of the church.
Bishop David Abuye's farewell service will be held in Dorumi, Abuja on Friday, October 18, 2024. While Bishop Thomas Armo's farewell service will take place at Living Faith Basorun Church in Ibadan, Oyo State on Tuesday, October 15, 2024.
Bishop Abouye was a pioneer in this ministry, overseeing one of the first five branches established in 1987. He became the youngest bishop in history to reach full bishop status, ordained in 1993 at Bagh Iman, Barnawa, Kaduna.
Starting a church at the age of 32, Bishop Armo transitioned into full-time ministry after a successful career as a treasurer. He is the last remaining bishop among the seven consecrated in the garden of faith in Kaduna in November 1999, playing a significant role in the development of the church.
This retirement marks the first public celebration of ministers retiring from Living Faith Church. The retirement age, previously set at 60 years, has now been revised to 58 years. While the founder, Bishop David Oyedepo, retains the right to serve for life, future church leaders will have limited terms of one or two seven-year periods, subject to approval from the board of trustees.
Tilray CEO Bullish On Cannabis Legalization Following 2024 Election
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Tilray Brands (TLRY) Chief Executive Officer (CEO) Irwin Simon said the 2024 presidential election is likely to improve the legal cannabis industry in the U.S.—regardless of who wins.
"We believe that there is a greater likelihood that the upcoming U.S. Presidential elections will result in improved regulatory changes in the cannabis industry, as both candidates have publicly confirmed their support for further legalization," Simon said alongside the company's fiscal 2025 first-quarter earnings.
Tilray is a Canadian company focused primarily on cultivating, processing, and distributing medical cannabis products with operations in Europe, Australia, and Latin America, in addition to Canada and the U.S.
For now, Tilray saw its revenue rise 13% year-over-year to $200 million in the first quarter, and its net loss narrow to $34.7 million from $55.9 million last year.
Vice President Kamala Harris, who is the Democratic nominee for President, expressed her views on marijuana legalization in an interview with the "All the Smoke" podcast last month.
During that interview, she said, "I just feel strongly people should not be going to jail for smoking weed. And we know historically what that has meant and who has gone to jail."
Meanwhile, former President Donald Trump—who is the Republican nominee for President—said on social media that he would vote in favor of an amendment in Florida that legalizes recreational marijuana use in the state.
That's a shift from the approach of his administration, which saw Attorney General Jeff Sessions eliminate a policy that protected state-level cannabis laws from federal intervention.
Marijuana's federal legalization has support among voters from both parties, according to a report, but particularly among groups that have historically voted for Democrats. According to a Pew Research survey from 2022, 61% of Black men are in favor of legalization.
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Tesla (TSLA) bulls have robotaxi fever. Shorts are betting they'll be disappointed.
As the EV giant prepares to unveil its robotaxi at its much-anticipated event Thursday, the company has found another way to grab the headlines: Elon Musk's company has returned to its old position as the most shorted stock in the U.S. Meanwhile, the stock has been included in Wells Fargo’s latest trading ideas with an underweight call—and skepticism that the robotaxi will deliver on bulls' presumptions.
According to data and tech firm Hazeltree, Elon Musk's EV company was the most crowded shorted large-cap security in the Americas in September, returning to a position it held until July.
Investors would be less interested in the company—whose stock price has largely recovered from the losses it experienced in the first half of the year—as demand for EVs cooled, though the excitement around the robotaxi could give the stock a boost.
Tesla stock is up more than 40% since April 5, when Musk announced plans for the robotaxi event, and it has stayed elevated even after the event was delayed.
Wells Fargo analyst Colin Langan, however, has given Tesla a $120 price target—half its current price—in the bank's tactical trading ideas list for the fourth quarter. Langan wrote that he is skeptical Wednesday's event will “match the high expectations from Tesla bulls, leaving investors to focus on weakening fundamentals."
Those fundamentals include projections for moderating delivery growth as EV demand drops and the limited potential of discounting to boost sales. He also noted that Musk has promised robotaxis "by year-end...for years" but "experts say the technology is years away & that TSLA’s autonomous technology comes with considerable safety concerns."
Last week's delivery data sent Tesla stock lower despite beating expectations, as analysts said investors may have wanted Tesla to deliver a stronger quarter. Tesla said Wednesday that its third-quarter results will be released after the market closes on Oct. 23.
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