The Announcement By The Central Bank of Nigeria that old N200, N500 and N1,000 notes are no longer legal tender despite a Supreme Court order barring the apex bank from implementing the February 10 expiration date for the old notes is generating more Problems across TheCountry
The Message came fromHaladu Idris Andaza, CBN’s branch controller in Bauchi, disclosed this to journalists on Monday.
“For the avoidance of doubt, we wish to state categorically that CBN is ready and is open to receive all of those old notes based on certain conditions and criteria. Customers are free to come to the bank and deposit which they cannot do at the commercial banks anymore because the currency has ceased to be a legal tender since the 10th of this month,” Mr Andaza said.
He further said individuals and institutions with old banknotes can deposit them with branches of the apex bank across 36 states of the country.
“The management of the CBN decided that those customers will have a sigh of relief by coming to the offices of the CBN in all the 36 states in the federation including FCT to deposit their money. The customer has to go to the CBN portal and
The management of the CBN decided that those customers will have a sigh of relief by coming to the offices of the CBN in all the 36 states in the federation including FCT to deposit their money.
The customer have to go to the CBN portal and fill a form in the portal, there will be a form there concerning this currency redesign and exchange,” Mr Andaza said.
In October, CBN governor Godwin Emefiele announced the redesign of the N200, N500 and N1,000 last October.
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The Lagos state government has ordered a coroner’s inquest to ascertain the immediate and remote cause of death of a twelve year old student of Chrisland School, Ikeja, Lagos, Whitney Adeniran.
Lagos state attorney General and commissioner for Justice, Moyosore Onigbanjo, SAN who gave the directive via a statement issued monday noted that a thorough investigation will be conducted on the unfortunate incident.
Onigbanjo further noted that the inquest is in furtherance of sections 14 and 15 of the coroner system laws, of Lagos State 2015 .
Onigbanjo who said the security and well being of citizens are of utmost importance to state government, assured the public that all will be done to get to the root of the matter.
The Commissioner added that the findings of the investigation will be made public and those found culpable will be punished accordingly.
Whitney adeniran allegedly died during the school’s inter house sports last week.
While the supreme court judgement has suspended the February 10 extension, Most Banks and people have ceased to collect the old notes as legal tender.
This Situation has continued to cause untold hardship for Many.
Disturbed by this development,a non governmental organization during a Conference in Benin City ,the Edo State Capital has called for the suspension of the naira swap due to the hardships being experienced by Citizens in getting the new naira notes.
Members of the Non governmental organization who were joined by market women in Benin City want the Central Bank to adopt more workable measures for the Naira swap.
There is no doubt that Nigerians are going through a tough time getting the new currency at various banks and point of sales agents.
The conference for non governmental organizations, CONGOS is concerned about this development which has not only affected business activities but citizens of Edo state who are lamenting their inability to withdraw enough money from banks to cater for their needs. Leadership of the Conference of Non Governmental Organizations, CONGOS at a press conference and rally at Oliha market in Benin City blamed the Central Bank of Nigeria CBN for the poor implementation of the currency swap scheme .
They are calling for a six month extension for the naira swap to douse rising tension among Nigerians who queue up at various banks daily to get as little as five thousand naira. .
While the supreme court judgement has suspended the February 10 extension, the resolve of speakers at the conference is for government to always recognise the needs of the people and be more proactive in its implementation.
Police detain House of the Rock pastor for preaching with AK-47, seek dismissal of Police officer who offered him the rifle The Force Criminal Investigation Department (FCID) has detained the presiding pastor of House on the Rock in Abuja, Pastor Uche Aigbe, for carrying an AK-47 rifle while preaching in the church on Sunday, February 12.
Aigbe caused a stir in the church on Sunday when he came in bearing the weapon in his hand. T
he FCT police command commenced an investigation this morning and discovered that the weapon was handed over to him by one Inspector Audu who was on an assignment in the church.
When interrogated, Audu told the police that he only offered the weapon to Pastor Aigbe because he wanted to use it for illustration.
The Commissioner of Police, Federal Capital Territory Command, Sadiq Abubakar, has made a recommendation to the Inspector-General of Police, Usman Baba, to dismiss Inspector Audu.
Politics of Nation Building – the Peter Obi Model By Livy-Elcon Emereonye
The primacy of politics is the provision of leadership – and true leadership is but a call to serve not to be served. The servant-leader should be tolerant and long suffering in his quest for reformation with liberation and unity; liberating and uniting the people at all cost for the good of mankind. Anyone desirous of this calling must make sure that his private part is a public document. To be called a true leader, one must be tested and trusted, standing the test of time every time and everywhere with no stain of secrecy else he would be distracted by the whirlwind of blackmail and propaganda. This type of mission is rare and does not come cheap. Thus, there is the need for adequate preparation, especially where the people’s psyche has been battered and bastardized over the years by bad governance.
Nigeria’s march to the 2023 presidential election is a good case study – and Mr. Peter Obi of the Labour Party is the reference point. He represents the best, and remains the best.
Peter’s venture into the presidential race, and his emergence as the Labour Party’s presidential candidate altered the current political equation and changed the narrative for the better. His style of politics has redefined the act of politicking, making him the symbol of hope and the face of a new Nigeria. Being simple but sophisticated, he is loaded without baggage. Peter Obi does not just walk the talk; he is absolutely prepared, in all ramifications, for the task of being an efficient and effective president running a responsible and responsive government to uplift the people and build the nation.
Nation building is neither a day’s job nor a one man’s task but it needs a functional mindset at the helm of affairs. It is a joint effort that requires tact, wit and wisdom. It needs a pragmatic, agile and healthy person with a sound mind to steer. This is where Mr. Obi stands out from other presidential candidates. His presence enlivens, and his speech inspires. He exudes confidence and instills hope with absolute possibility to turn things around.
A new Nigeria built on equity and fair play with equal right and justice for the sanctity of life is possible; a new Nigeria of hope and love with security of life and property guaranteed is possible; a new Nigeria of tolerance and mutual cooperation where every Nigerian can live at peace in any part of the country regardless of tribe and religion without being profiled and targeted for segregation or elimination is possible – and every Nigerian of good conscience should team up and make this happen with Peter Obi as the president.
Definition of nation building Nation-building is constructing or structuring a national identity using the power of the state. Nation-building aims at the unification of the people within the state so that it remains politically stable and viable in the long run. According to Harris Mylonas, “Legitimate authority in modern national states is connected to popular rule, to majorities. Nation-building is the process through which these majorities are constructed, and according to Columbia University sociologist Andreas Wimmer, three factors tend to determine the success of nation-building over the long-run: “the early development of civil-society organisations, the rise of a state capable of providing public goods evenly across a territory, and the emergence of a shared medium of communication. Of all the presidential candidates, Mr. Peter Obi is the only one that has what it takes to build and reform a complex country like Nigeria at this time in our national history.
The process of nation building Nation-building is the process whereby a society of people with diverse origins, histories, languages, cultures and religions come together within the boundaries of a sovereign state with a unified constitutional and legal dispensation, a national public education system, an integrated national economy, shared symbols and values, as equals, to work towards eradicating the divisions and injustices of the past; to foster unity; and promote a countrywide conscious sense of being (in this case, Nigeria), committed to the country and open to the continent and the world. To do this, the first citizen – the president – should be above board and led by example. Mr. Peter Obi has no skeleton in his cupboard and as such cannot be weighed down by any baggage of the past in carrying out the required work of building a new Nigeria.
Who builds the nation? The first and most important components in nation building are knowledge, literacy and access to education. Education being the spine of every nation is also the key to empowerment. Interestingly the best possible way to empower the nation is to empower the students of the nation. To do this, there must be an enabling environment for healthy competition with clearly defined compensation mechanisms. Again, no candidate can do this better than Mr. Peter Obi whose unblemished credentials speak volume.
Nation-building is usually identified with the achievements or failures of individual leaders. Of all the presidential candidates, Peter Obi looks more prepared and physically fit to champion the cause of building a new Nigeria. With an adequate and functional merit culture, which Mr. Peter Obi will put in place the two other building blocks of a successful nation state—the commitment of its citizens as well as the quality of its institutions will take their right places in Nigeria.
Nation Builders exhibit characteristics, skills and values that are important to the Nation to which they belong. “A Nation Builder demonstrates an eagerness and willingness to help others. Shows a curiosity for learning, especially about his own first nation, first nation’s culture and language; expresses and demonstrates a desire to continue learning with a healthy lifestyle while sharing his love of learning with others.” Mr. Peter Obi stands shoulder high here.
The cost of building a nation The prime objective of any nation-building operation is not to make an authoritarian government democratic or a poor nation rich, but to make a violent society peaceful. If basic needs for safety, food and shelter are not being met, money spent on political or economic development is likely to be wasted on misplaced priorities. This is the genesis of thugs in politics, and should be curtailed or stopped by true nation builders.
Thuggery does not build a nation but rather it produces cult personalities with idiotic followership that often end up taking the society back to Stone Age. This must stop.
The demand for a new nation The members of any nation would prefer to be sovereign rather than to be ruled by non‐nationals because this maximizes the chance that the government will provide them with an optimal mix of public goods. This general preference is affected by the net benefit of continued affiliation with the central authority. To the degree that the centre provides minority nationals with protection, and economic and social welfare, the demand for sovereignty will be attenuated. Hence, nationalist secession is most likely to occur in multinational states whose centres are subject to military and economic setbacks. However, the demand for sovereignty also depends on the nation’s capacity to engage in collective action, which is affected by state institutions. (The Demand for Sovereignty and the Emergence of Nationalism | Containing Nationalism | Oxford Academic)
Symbols of a New Nation There is more to nation building than one can ordinarily think of and talk about without a thorough study of things and events. For some countries their identities and cultures have continuously evolved, while the ideals connected to their patriotic symbols have remained firm. Nigeria being a work in progress, we can join hands to build the country of our collective aspiration if we can get it right now by voting in the right candidates into positions of authority.
With the full implementation of Mr. Peter Obi’s “from consumption to production” mantra, the Nigeria flag, the Coat of Arms, the International passport, the Naira among others will regain their place of pride in the comity of nations. Our patriotism and defined identity will improve and rank best among equals. The symbols that give form and substance to our nation’s founding ideals would become priceless, making Nigeria great again.
Mr. Peter Obi’s prudent life built on transparency and accountability will not only make corruption a thing of the past, but it will go a long way to re-ignite hope and rekindle trust among countries of the world to do business with Nigeria.
Emergence of a reformer The emergence of Mr. Peter Obi now in the history of Nigeria is one of the best things that have happened to Nigeria in the recent past so we must close ranks and utilize the opportunity very well. Being a country of many nationalities, most of us must have realized but painfully that the things that unite us are more than the ones that separate us – and on the grounds of humanity, no tribe or religion, sex or age, is immune from the current hardship in Nigeria. Hunger does not know tribe or region; inflation does not segregate. Anyone, and everyone, can become a victim of insecurity. Therefore, we must team up to salvage Nigeria – and the easiest way to do this now is by voting for Mr. Peter Obi and Alhaji Datti Yusuf Ahmed of the Labour Party as president and vice president of Nigeria. They are not only competent but they have the character and charisma to build a New Nigeria of our dreams. They have the capacity, intellectual acumen, mental prowess and physical abilities required to rebuild Nigeria. Let us support and vote for them.
If you love Nigeria, vote for Mr. Peter Obi. Apart from voting, defend your vote and make sure it counts. Your one vote will make the difference. Use it very well. Make maximum use of this lifetime opportunity. Vote for the Labour Party – LP.
President Muhammadu Buhari on Monday met with the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, at the Presidential Villa Abuja.
This is the third time the CBN governor will is meeting with the President privately for since the cash crunch across the country.
Emefiele however did not speak to journalists after his meeting with the President.
Since February 10, Nigerians have been hit by Naira scarcity due to the swap of the currency.
CBN had redesigned N200, N500, and N1000 notes which commenced in December 2022.
Our Correspondent report that the purpose of his the visit was not known, as at the time of filing this report, but may be in connection to finding solution to the current cash crisis.
CHURCH GENERAL OVERSEER, THEOLOGY STUDENT ARRESTED OVER DUBAI-BOUND METH, SKUNK . AS NDLEA INTERCEPTS 1,430kgs CANNABIS IN LNG TRUCK, RECOVERS 13 MOTORCYCLES IN C/RIVER; SEIZES 1.16KGS CRYSTAL METH IN CARTON WALLS GOING TO LONDON.
Operatives of the National Drug Law Enforcement Agency, NDLEA, have arrested the founder and General Overseer of Seraphic and Sabbath Assembly, Lagos, High Priest Nnodu Azuka Kenrick, a student of Emmanuel College of Theology, Samanta, Ibadan, Udezuka Udoka and their freight agent, Oyoyo Mary Obasi over attempt to export assorted illicit drugs.
In a statement signed by the agency’s spokesman Femi Babafemi, the suspects wanted to ship methamphetamine and skunk consignments concealed in kegs of palm oil through the NAHCO export shed of the Murtala Muhammed International Airport, MMIA, Ikeja Lagos to Dubai, United Arab Emirate.
High Priest Nnodu was arrested on Saturday 11th February 2023 at his Seraphic and Sabbath Assembly church located at No 1, Sabbath Close, Ijesha area of Lagos following the arrest of two suspects: Oyoyo Mary Obasi and the theology student, Udezuka Udoka on Thursday 9th February at the Lagos airport in connection with the seizure of 283 parcels of skunk weighing 14.90 kilograms and 204 grams of methamphetamine concealed in four 25-litre kegs of palm oil for export to Dubai.
In her statement Mary indicted the General Overseer of her new-found church, Nnodu and his son, Chisom Obi, who is now at large as the persons that gave her the consignments for export after being compelled to take an oath of secrecy as well as a sacrifice of chicken in the church while High Priest Nnodu prayed for her for the success of the transaction.
While Spilling the beans on how she was recruited by her church’s GO, Mary said the clergyman and his son used threats to compel her to take the job after they knew she had known their secrets, adding that High Priest Nnodu was always referring to the illicit drugs as Ice and Bible, (Street names for Methamphetamine and Cannabis) in their telephone text message chats.
The theology student, Udezuka was introduced to Mary to assist her because she was new in the illicit business.
Udezuka said he was paid N2 million for his role and had to do it because he needed the money for his education.
Another attempt to send a consignment of skunk and tramadol 225mg to the UAE by a Dubai-returnee, Nnamani Monday Innocent was also frustrated following his arrest at Trade Fair complex in Ojo area of Lagos, where he had gone in the company of his friend Nwanana Emmanuel Ikechukwu with the cargo to a freight company to process the consignment for export on Tuesday 7th Feb.
Also, NDLEA operatives attached to the SAHCO export shed of the Lagos airport same day intercepted a cargo going to London, United Kingdom. In the consignment containing food items packed in a carton, the four walls of the carton were used to conceal 1.10 kilograms of methamphetamine while the freight agent, Agholor Emmanuel, who presented the cargo for export was immediately arrested.
Meanwhile, NDLEA operatives on Tuesday 7th February intercepted a consignment of 1,340 kilograms of cannabis sativa coming from Ogbese, Ondo state in a liquified natural gas truck to Okurikang Okoyong in Odukpani LGA, Cross River State.
Following credible intelligence, the movement was monitored for three weeks and upon arrival, 130 bags of cannabis weighing 1.430 tons were recovered from the LNG truck and 13 motorcycles were hired by the cartel to convey the consignment deep into the forest.
In Kano, four suspects: Ado Shuaibu; Yahaya Shuaibu; Mamman Sani and Umar Musa Yakubu were arrested in connection with the seizure of 229 blocks of skunk weighing 131.1kgs. While Umar was arrested on Tuesday 7th Feb at Tumfafi village, Kano, the trio of Ado, Yahaya and Mamman were nabbed on Saturday 11th Feb at Garin Balarabe, Maigatari, Jigawa state in a follow-up operation. Another suspect, Aisha Muhammad was arrested in Koki area of Kano with 17kgs cannabis. No fewer than four members of a syndicate using dispatch motorcycles to distribute illicit drugs in Lekki area of Lagos were arrested on Sunday 5th Feb. They include: Tijani Oladapo Hakeem; Eric Maku; Ahmed Jubril Olamide and Adobi Fortune Chris. At the time of their arrest, 1.88kgs of Loud and assorted paraphernalia were recovered from them.
While 79.1kgs skunk were seized during a raid in Patey area of Lagos Island on Tuesday 7th Feb by NDLEA operatives, a total of 2,370.06 kilograms of cannabis and two boats seized at a jetty in Lagos by men of Civil Defence Corps were handed over to the Lagos command of the Agency.
The Central Bank of Nigeria CBN is appealing to Nigerians not to panic as Nigeria’s payment system infrastructure is robust enough to handle all volumes of financial transactions across the country despite the hitches experienced in accessing cash.
Director, Corporate Communications Department of the Apex Bank Osita Nwanisobi who gave the assurance in Kaduna reiterated that the naira redesign policy is in good fate.
Osita explained that the CBN is not unmindful of the current challenges experienced by Nigerians in accessing cash, noting that the apex bank is doing everything possible to address the situation.
The CBN also insisted that the new monetary policy of naira redesign was not to target anybody or group.
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Hoodlums Set Church Ablaze In Ondo
A white garment church known as Motailatu Church of God, Oke-Idahun Parish, Akure, the Ondo state capital has been set ablaze by yet to be identified persons.
The arsonists invaded the church and set ablaze property of the church.
The church, which is under the umbrella of the Cherubim and Seraphim sect, is located along Imafon road, Akure North Local Government Area of the state.
The Resident Minister of the church, Very Rev’d David Akinadewo-Adekahunsi, said the footprints of the arsonists were detected when he got to the church premises on Friday evening.
He disclosed that what first caught his attention was the damaged lectern placed on the altar, and some broken bottles that littered the church auditorium.
The clergyman, who is also a senior journalist in Ondo State, said many plastic chairs belonging to the church and offering trays were set ablaze within the church chancel.
Adekahunsi, Lamented that the church Hymn books and other items kept in a room in the uncompleted church were not also spared during what he called “the malicious damage” brought upon the House of Prayer.
He, however, disclosed that the matter had been reported at the Oda Divisional Police Headquarters, Akure.
Meanwhile the police public relations officer in the state, Funmilayo Odunlami-Omisanya who confirmed the development said the command has commenced investigation into the matter with a promise to prosecute any one found culpable.
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