Month: February 2023

BREAKING: Violence Erupts In Lagos As Naira Scarcity Worsens

ADEOLA YUSUF

Police confirm unrest, name volatile areas   Violence on friday morning erupted in some areas in Lagos, Nigeria’s commercial capital, as Nigeria swap crisis bite harder. The Lagos State Police Public Relations Officer, Benjamin Hundeyin, who confirmed the unrest, stated that the violence was happening in the Mile 12 area of the State. READ ALSO: BREAKING: Old N1000, N500 Notes Cease To Be Legal Tender – Buhari Buhari Jet Out To Addis Abbaba Amidst Naira Scarcity BREAKING: One Feared Dead as Police Resist Mob Attack on CBN Office Supreme Court:…

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Mr. President, Your Address Did Not Address, by Taofeeq Adesina Azeez

ADEOLA YUSUF

Mr. President should remember the saying of  the Prophet (PBUH); “Any leader who is hated and cursed by his people, and who also hates and curses his people, should die when he may, Hellfire is waiting for him. “   Nigerians expected Mr President to address the nation to bring succour to them and relieve them of the excruciating and killing effects of the inhuman and unfeeling maliciously timed financial policy. Nigerians are dying because they CANNOT access thier hard earned money to procure food and medicine. And Government seems…

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Ikeja Electric Takes Valentine to Down Syndrome People, Donates Consumables

ADEOLA YUSUF

The Ikeja Electric Plc (IE) visited the Down Syndrome Foundation Nigeria in Alamutu area, Fagba, Lagos to celebrate the 2023 Valentine Day with the training centre for children and adult with down syndrome. Platforms Africa reports that the Chief Executive Officer Ikeja Electric, Folake Soetan, said during the visit that the company is passionate and deliberate about impacting the environment where she operates through various interventions under the company’s Personal Corporate Social responsibility (P-CSR) initiatives. According to her, beyond the symbolic February 14th Valentine’s Day, we have to be deliberate…

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Why Buhari Jetted Out of Nigeria ‘Amidst Naira Crisis’

ADEOLA YUSUF

President Muhammadu Buhari has, on Thursday, departed Abuja for Addis Ababa, Ethiopia, amidst Naira swap crisis rocking the country. Presidency which confirmed Buhari’s trip, maintained that the President jet out to participate in the 36th Ordinary Session of the Assembly of the African Union (AU). The theme of the AU Summit is ‘‘Acceleration of the African Continental Free Trade Area (AfCFTA) Implementation.’’ The President will, according to Statement by Garba Shehu, Senior Special Assistant to the President (Media & Publicity) participate in three high-level meetings on peace and security, climate…

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BREAKING: Old N1000, N500 Notes Cease To Be Legal Tender – Buhari

ADEOLA YUSUF

Gives 60 Days Lifeline for N200 old notes, says Nigerians should vote for candidates of their choice President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to allow only the old N200 to remain legal tender until April 10, 2023. This, the president said, is in order to improve currency circulation in the country and ease pains experienced by Nigerians due to the decision to retire some denominations of the old banknotes after a currency redesign project. In a nationwide broadcast this morning, Thursday, the president said that…

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Naira Swap: Buhari To Address Nigerians As Crisis Worsens Nationwide

ADEOLA YUSUF

President Muhammadu Buhari will make a national broadcast on Thursday, February 16, 2023 at 7 am. Special Adviser to the President, Media & Publicity), Femi Adesina, said this in a statement to Platforms Africa just as the confusion and crisis over naira swap degenerated nationwide. As some major cities boil, the Cenreal Bank of Nigeria (CBN) had insisted that the deadline for old naira notes remained February 10, despite an injunction by the Supreme Court for an extension pending hearing in a suit by three states. Commercial banks have also…

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JUST IN: Police Kills Soldier, Colleagues Burn Station, Armour Tank In Ogun

ADEOLA YUSUF

There is currently panic among parents and children in Ogijo,  Sagamu Local Government, Ogun State, after a Police officer allegedly killed a soldier during an altercation in the community. As gathered, the police officer, who was popularly called Mopol by residents, was said to have shot the soldiers after the public disagreement degenerated with both law enforcement officers’ threatening to kill each other. While the altercation intensified on Wednesday, the policeman was said to have reached out for his pistol and shot the soldier who was reported to have died.…

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BREAKING: One Feared Dead as Police Resist Mob Attack on CBN Office

ADEOLA YUSUF

One person was feared dead on Wednesday as a mob moved to attack the office of the Central Bank of Nigeria on Akpkpava Road in Benin City, the Edo State capital. Earlier reports had it that the mob protesting the scarcity of Naira had attacked several banks on the road. They destroyed some banks buildings and their Automated Teller Machines The protesters went on rampage following the scarcity occasioned by the redesign of the N200, N500 and N1,000 notes. The CBN had explained that over N2.7 trillion in circulation was…

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Sanwo-Olu Warns Banks, Lagosians Against Rejection Of Old Naira Notes

ADEOLA YUSUF

The Lagos State Governor, Babajide Sanwo-Olu, has warned against the rejection of old Naira notes. The warning came on a day the Supreme Court declared the old Naira notes as still valid for business transactions. The followed the observation raised by the lawyer to the Kaduna, Kogi and Zamfara States Governments, Abdulhakeem Mustapha (SAN), at the Supreme Court in a case against the Attorney General of the Federation. The three states brought the case against the AGF following the hardship faced by Nigerians over the redesign of the N200, N500…

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Supreme Court: Old Naira Notes Still Legal Tender

ADEOLA YUSUF

The Supreme Court on Wednesday affirmed the validity of the use of old 200, 500 and 1000 naira notes. The apex court maintained that the February 8 hearing which paused the implementation of the February 10 deadline ban on the use of old naira notes still subsists. The clarification from the court followed a complaint by Abdulhakeem Mustapha (SAN), lawyer to the Kaduna, Kogi and Zamfara states respectively. READ ALSO: Student Earns Doctorate 52 Years After Starting PhD Man Sent To Prison For Defiling Three Daughters, Assaulting Wife BREAKING: Supreme…

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