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WHY OHAKIM LOST RE-ELECTION AND WHY IT IS TIME FOR OWERRI ZONE TO PRODUCE THE NEXT GOVERNOR OF IMO STATE

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By Ben AHANONU  Of late, there had been boisterous noise or rather bombastic postulations and imputations that are more like emotional outpouring than factual attestations from some quarters and by some notable individuals about why Chief Ikedi Ohakim (whose emergence as the Governor of Imo State under the banner of Progressive Peoples Alliance (PPA), a party founded and funded by former Governor Orji Uzor Kalu, was like an act of providence due to the failure of the Peoples Democratic Party (PDP) to produce a candidate for the election) lost the 2011 gubernatorial election despite the advantage of incumbency - yet I know that such subjective claims are smartly pointless and to no avail. You may recall that the then ruling PDP expelled Senator Ifeanyi Ararume, who won the party’s primaries after which the  PDP, in obedience to the Supreme Court ruling affirming Ararume’s candidacy, withdrew from the election thus paving the way for the realignment of forces that eventually bro...
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Alleged land grabbing in Ohaji-Egbema: I have never, will never grab land - Nlemigbo

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  The Chairman and Chief Executive of MARCON Group, Barrister (Prince) M. O.  Nlemigbo has refuted the allegation that he grabbed land at Nkaraha, Ohaji/Egbema Local Government Area (LGA), describing it as calculated propagation of falsehood and a futile attempt to tarnish his image and hard-earned reputation by an ingrate called Chinedu Akpaelu and his fictitious group of misfits that benefitted from his scholarship programme but now masking under the aegis of an unknown and non-existent Ohaji-Egbema Youth Movement, OEYM, to accuse him of what he knows nothing about and has nothing to do with. In a press statement he personally signed, Chief Nlemigbo disclosed how he acquired the land in question, and how the father of the said Chinedu Akpaelu called Matthew Akpaelu had before now tried to seize the land but died in the process after swearing to an oath administered by selected traditional rulers of Imo State along with four others. The statement reads in full: "My attention ...
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Naira trades below N2,000 against the British Pound for the first time since July

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 by Nairametrics The naira broke below the N2,000 barrier for the first time in five months amid ongoing reforms in Nigeria’s currency market. The naira began the week at N2,225/£1 against the British pound and ended the week at N1,980, showing a price gain of N245/£1 over the week. The British pound exchanged for N1,980/£1 in the black market on Saturday morning, amid improved market conditions in Nigeria’s foreign exchange market. The country’s foreign exchange market has been in a precarious state due to several factors, such as weak oil production, fiscal irresponsibility, low export capacity, increased foreign exchange hoarding, and speculative activity. However, the Nigerian naira clawed back a significant degree of losses against the British pound this week in the unofficial market, as inflows by the CBN, a successful Eurobond issuance, and a more robust FX trading platform improved confidence in the Nigerian currency. The naira’s recent bullish run follows the CBN’s directi...
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