In a decisive move, President Bola Tinubu has directed the Central Bank of Nigeria (CBN) to enforce stricter sanctions against coup plotters and their affiliates in Niger Republic. This development comes as a result of the expiration of the ultimatum previously issued and the collective decision of ECOWAS Heads of State to impose financial penalties on the military junta in Niger Republic.
Speaking to journalists on Tuesday, the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, provided insight into this significant decision. Ngelale stated that President Tinubu’s directive follows the established consensus among ECOWAS member nations to implement financial sanctions against those associated with the military junta in Niger Republic. The original financial sanctions were initiated by the collective decision of the ECOWAS Heads of State.
Ngelale clarified that President Tinubu’s decision to impose additional financial sanctions through the CBN is not a unilateral move but rather a collective action representing the voice of the ECOWAS Chairman, who is also the President of Nigeria. The authority to enforce these sanctions stems from the consensus resolution passed by all ECOWAS member states and heads of state.
“It is important to emphasize that this is not an individual action taken by an individual President on behalf of an individual nation,” Ngelale emphasized. “This is an action taken by the ECOWAS Chairman, who is also the President of Nigeria, acting in accordance with the authority provided by the unanimous resolution of all ECOWAS member states and heads of state. The resolution pertains to the financial sanctions that ECOWAS member states collectively agreed upon with regard to the military junta in Niger Republic.”
The Special Adviser pointed out that this directive is not solely rooted in the Nigerian government’s authority but is founded on the resolution that was publicly passed prior to this development. The decision to amplify the financial sanctions underscores the commitment of ECOWAS member states, led by President Tinubu, to upholding regional stability and condemning any actions that threaten democratic governance and peace in the region.
As the situation in Niger Republic unfolds, the international community is closely watching the implementation and impact of these financial sanctions. The collective stance taken by ECOWAS and the decisive measures enforced by President Tinubu highlight the region’s dedication to maintaining stability and promoting democratic values in the face of challenges posed by political unrest and military interventions.
With these additional sanctions, President Tinubu and ECOWAS continue to send a strong message that any attempts to undermine democratic processes through unconstitutional means will not be tolerated, and those involved will be held accountable for their actions.