Browsing: Opinion

Recall that Governor Yusuf had assented to the new law and reinstated the 14th Emir of Kano Muhammadu Sanusi II as the 16th Emir of one united Kano at the same time. The Liman, however, declared that: “Law is still the law, but actions carried out in the execution of the law are set aside.”

By failing to acknowledge the existence of multiple Emirs within Kano State, Sunusi Lamido has created confusion and fueled the controversy surrounding the establishment of additional Emirates. His statements have led some to believe that the move is an attack on the Kano Emirate’s authority, when in reality, it is a broader effort to decentralize governance and bring governance closer to the people in various regions of the state.

The jury has been out and a bit vocal on many of the problems considered as afflicting the Nigerian capital markets, now directly under Katuka’s oversight, as including issues of inadequate regulation, the lack of transparency and accountability in much of the financial dealing, low investor confidence and participation, and insider trading coupled with market manipulation.