The Late 5: Buhari cautions ECOWAS against common currency, Senate launches investigation into ex-pension boss, Maina, and other top stories

Good evening.

Here are the top 5 stories that drove conversation today:

President Muhammadu Buhari arrived Naimey in the Niger Republic today where he met with leaders from some African countries to deliberate on a common currency for the West African sub-region. He was accompanied by Minister of Finance, Kemi Adeosun and the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele.

President Buhari, however, cautioned the Economic Community of West African States (ECOWAS) to tread carefully in pushing for a single currency in the sub-region by 2020.


Meanwhile, the Senate has launched an investigation into the reinstatement and promotion of the wanted ex-Chairman of the Presidential Task Force on Pension Reforms, Abdulrasheed Maina.

Maina was sacked by President Buhari yesterday after questions were raised regarding his reinstatement considering that he was dismissed from office in 2013 over an alleged N100 billion fraud.


With mounting criticism against President Buhari’s decision to fire Maina, the embattled ex-pension boss, the presidency has said Buhari followed due process in ordering his immediate disengagement.

Here’s what the presidency said.


Vice President Yemi Osinbajo has called for a repositioning of Africa’s economy such that investors will be attracted because investment depends on the perceived advantages.

Osinbajo made this call while interacting with a committee of African Ambassadors to Indonesia led by the dean of the group, Ms Alice Mageza of Zimbabwe, on the sideline of his two-day working visit to Jakarta.

Here’s more on what the vice president said.


In other news, new statistics by the Nigerian Communications Commission (NCC) revealed that subscribers browsing the internet through its network increased to 93 million in September from 92.1 million the previous month.

According to the commission, the data showed a marginal increase of 815,764 subscribers during the period.

Find out why this matters, here.

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