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Rivers: APC addresses calls for disqualification of Wike’s ally, Chinda over Supreme Court  verdict – Daily Post Nigeria

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The Rivers State chapter of the All Progressives Congress, APC, has dismissed concerns over the eligibility of its 2027 governorship candidate, Hon. Kingsley Chinda, following a recent judgment by the Supreme Court.

DAILY POST reports that the judgment, delivered by the apex court on September 24, 2026, has sparked a legal debate over the implications of the decision for Chinda’s candidacy.

The Supreme Court, in the judgment, emphasised compliance with Section 77(5) and (6) of the Electoral Act, which requires political parties to submit their verified register of members to the Independent National Electoral Commission (INEC) at least 21 days before conducting their primary elections.

The development has prompted questions over whether the judgment could affect Chinda’s eligibility to contest the 2027 Rivers State governorship election on the platform of the APC.

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DAILY POST reports that Chinda, a member of the House of Representatives, registered with the APC on April 27, 2026.

He, however, formally announced his resignation from the Peoples Democratic Party, PDP, and defection to the APC on the floor of the House of Representatives on June 2, 2026.

His announced defection at the Green Chamber came after he had been declared the winner of the APC primary election conducted on May 21.

Some political opponents and legal commentators have argued that, as a serving lawmaker, Chinda’s formal defection should be regarded as having taken effect on the date it was announced on the floor of the House.

There have been calls on social media platforms for the electoral umpire to immediately disqualify Chinda, a loyalist of the Minister of the Federal Capital Territory (FCT), Nyesom Wike.

ALDRAP writes INEC, seeks Chinda’s disqualification

Following the Supreme Court judgment, the Association of Legislative Drafting Practitioners, ALDRAP, wrote to INEC, seeking the immediate disqualification of Chinda from the 2027 governorship race.

The request was contained in a letter dated September 26, 2026, and signed by ALDRAP’s Executive Secretary, Dr Tonye Clinton Jaja.

The development is connected to a suit pending before the Abuja Federal High Court, in which ALDRAP is the plaintiff, while INEC, Abdul Mahmud, APC, the APC National Chairman, Chinda and Mariana Ajibola are listed as respondents.

In the suit, numbered FHC/ABJ/CS/972/2026, ALDRAP is asking the Abuja Federal High Court to disqualify Chinda and APC candidates for the Rivers State House of Assembly election.

The group raised concerns over the composition of the APC Rivers State Governorship and House of Assembly Appeal Committee, alleging that it was populated by Wike’s friends and Chinda’s colleagues who are members of the National Assembly.

In its letter to INEC, ALDRAP also questioned the status of the APC governorship nomination, the applicable membership-register requirements, records submitted to the electoral commission by the party and the steps required to give effect to the Supreme Court judgment.

‘We have no issues with our candidate’ — APC

Reacting to the controversy on Sunday, the APC Publicity Secretary in Rivers State, Ikenga Chibike, dismissed the concerns and said the party had no issue with Chinda’s candidacy.

Speaking with DAILY POST, Chibike noted that the Supreme Court judgment requires a candidate to have been a member of a political party for at least 21 days before its primary, adding that Chinda registered with the APC 24 days before the party’s primary election was conducted.

“There is no atom of truth in that. They said 21 days, and Hon. Chinda’s timing was 24 days when you calculate it.

“So, we have no challenges with our party candidate. We are praying that the Rainbow Coalition endorsement should be him, then we move on to winning the election,” Ikenga said.

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APC Chairman speaks on Akpabio’s chances of returning as Senate President in 2027

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The National Chairman of the All Progressives Congress, APC, Nentawe Yilwatda, has left open the possibility of Godswill Akpabio returning as Senate President in 2027.

Yilwatda said the decision on whether Akpabio would return as Senate President rests with the Senate and not the APC.

He spoke during an interview on Channels Television's Politics Today on Monday night.

Asked whether Akpabio would return as Senate President in 2027, Yilwatda said, "You know that the Senate will determine it. Let's wait for the election first. I don't have anybody in mind. The Senate will determine who they want to make Senate President. We, as a party, will only just bring the Majority Leader."

On the political dispute between former Imo State Governor Rochas Okorocha and incumbent Governor Hope Uzodinma, the APC chairman said the party would allow the court to determine the matter.

Asked about the dispute, he said, "We will allow the court to settle it, but behind the scenes, we are doing management of the case.

"The report I have of all the political parties, you don't have one tenth of it. I have my intelligence around everybody. I filter data from all.

"There is no political party that does not have a research unit, and the research unit goes as low as scavenging for data."

APC Chairman speaks on Akpabio’s chances of returning as Senate President in 2027

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Access Holdings mulls exit from foreign subsidiary to meet CBN rule – Report

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Access Holdings is considering exiting at least one market outside its base in Nigeria to comply with a Central Bank of Nigeria (CBN) rule requiring lenders to limit investment in foreign subsidiaries to no more than one-tenth of shareholders’ funds.

The banking group mentioned one business in which it plans to offload its stake to meet the requirement, Bloomberg reported on Monday, citing Chairman Aigboje Aig-Imoukhuede.

“If a subsidiary cannot meet its cost of capital and the strategic objectives for which it is set up, you should be ready to take a decision to exit,” Mr Aig-Imoukhuede was quoted as saying at an African Financial Industry Summit in Luanda, Angola, last week.

“Do we have one or two troublesome subsidiaries? I can think of one.”

Investment in subsidiaries for Nigeria’s biggest bank by assets stood at N446.6 billion at the end of September, equivalent to 19.3 per cent of its equity, according to Access Holdings’ 9M 2026 Investor Presentation.

That was roughly double the 10 per cent ceiling permitted by the Banks and Other Financial Institutions Act (BOFIA) 2020.

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Only in cases of regulatory approval for a higher threshold from the CBN are lenders allowed to exceed that limit, the Act says.

The banking industry watchdog has given Access Holdings 12 months to address the issue.

The potential exit is part of the financial institution’s move to review its international operations to comply with the directive.

In June, Access Bank’s chief executive, Roosevelt Ogbonna, said the lender would reduce its shareholding in some of its foreign subsidiaries to achieve compliance.

According to Innocent Ike, CEO of Access Holdings, the lender will explore three strategies towards that end.

The options include recalling surplus capital from overseas subsidiaries, offloading minority stakes and restructuring some businesses, he said.

He added that the group has already completed one capital repatriation exercise involving its six targeted subsidiaries, and is engaging regulators in five countries to facilitate the return of excess capital to Nigeria.

Access Holdings plans to meet the regulatory requirement ahead of the March 2027 deadline, Mr Ike stated.

READ ALSO: Access Holdings’ nine-month profit jumps 6% to N474.2 billion

“We gave ourselves up till January next year, and I think we’re completing this ahead of schedule,” said Mr Aig-Imoukhuede.

The Access Holdings’ chairman said the group’s international portfolio remains fundamentally strong despite plans to sell interests in some international subsidiaries.

He noted that the group would continue to review the performance of its subsidiaries to ensure they generate sustainable returns and remain aligned with the strategic objectives for which they were established.

“You have to do dynamic portfolio management. Every year, you’re looking for ways to improve,” he said.

Access Bank sold its 97 per cent stake in its loss-making Ivorian subsidiary to Cameroon’s Afriland First Group SA for $1 million in January 2014, after the CBN restricted parent-bank capital for foreign subsidiaries.


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