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CBN Confiscated, Didn’t swap Currency, Says El-Rufai

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The Kaduna State Governor, Nasir El-Rufai, on Sunday, alleged that the Central Bank of Nigeria embarked on currency confiscation rather than the announced currency swap policy as approved by the President, Major General Muhammadu Buhari (retd), for currency redesign.

The naira crisis worsened last Thursday when the President in his nationwide broadcast ignored the apex court by extending the validity of old N200 notes while insisting that old N500 and N1,000 remained illegal.

Buhari in his state broadcast said the old N200 note would be legal tender for the next 60 days, till April 10, 2023, while urging Nigerians to deposit their old N500 and 1000 notes with the CBN.

READ ALSO: JUST IN: APC Backs Governors On Naira Redesign Policy – Adamu

Not satisfied by Buhari’s broadcast, El-Rufai slammed the President over his directive which he said was in disobedience to the February 8 Supreme Court Order restraining the Federal Government from ending its cash swap policy on February 10.

Meanwhile, in defiance of Buhari’s directive that the old N1,000 and N500 have ceased to be legal tender, the El-Rufai-led Kaduna government directed ministries, departments and agencies to accept payments in the old naira and new notes.

The governor asked residents of the state to continue using the old naira notes.

But in a series of tweets on his Twitter handle on Sunday, the Kaduna governor said the bank only confiscated the currency as against what was obtainable in the currency swap policy.

He wrote, “Currency redesign was approved by the President and announced. Currency recoloring resulted.

“Currency swap was envisaged by s.20(3) of the Central Bank of Nigeria Act as approved by PMB. Swap means I take N100,000 to the bank in old notes & I receive N100,000 immediately in new notes. No more, no less.

“During implementation of the cash swap, the CBN withdrew over N2 trillion from circulation but printed only N400 billion, so in effect, currency confiscation was then unilaterally and unlawfully implemented by the CBN. Trade and exchange have collapsed. Human suffering, impoverishment and economic contraction resulted.

READ ALSO: New Naira: How My Pregnant Wife Died In Kano Hospital – Husband

“The policy objective was derailed into a deliberate national fiasco to sabotage the elections in the name of preventing vote-buying. All efforts to get CBN to implement what was lawfully approved failed.

“Some State Governments had no choice but to approach the Supreme Court for adjudication. The APC as a party and the Progressive Governors Forum are unanimous that policy implementation must be reviewed, and full compliance of the subsisting ruling of the Supreme Court be observed until final judgment on the suit instituted by the State Governments.”
PUNCH

 

 

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GMOs: HOMEF Trains Gelegele Farmers, Urges Them To Embrace Agroecology

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Health of Mother Earth Foundation (HOMEF) has advised farmers in Gelegele and Nigeria at large to embrace agroecology in their farming activities, saying it is the viable solution to Nigeria’s food crisis.

This is just as the ecological think thank and advocacy organisation urged government at levels to support farmers to embrace agroecology rather than GMOs – Genetically Modified Organisms.

INFO DAILY reports that agroecology is a system of farming that focuses on restoring soil health, improving nutritional diversity and ensuring food sovereignty, while GMO are plants, animals or microorganisms that have had their gentic material manipulated either by introducing genes from a related or unrelated species or by editing the organism within itself.

Speaking at a one-training on agroecology for farmers at Gelegele community in Ovia North East Local Government Area of Edo State, Programmes Director, HOMEF, Joyce Brown, emphasised the need for the farmers to embrace agroecology, saying the use of GMOs poses threat to the environment and human health.

READ ALSO: HOMEF Trains Women On Climate Change Adaptation

She said: “The use of chemical pesticides poses risks to the environment, human health, and the economy. More than 50 per cent of registered pesticides in Nigeria are Highly Hazardous Pesticides (HHPS). Over 40% of the registered active pesticides in Nigeria are already banned in the EU and other countries of the World.

Practical session if the training at Gelegele community on April, 29,2024.

“Many of these HHPs registered and used in Nigeria have been proven to be linked to chronic health diseases such as cancer, kidney diseases, reproductive complications, endocrine disruption – hormonal challenges, skin diseases, organ failures, etc., as well as biodiversity and environmental destruction.”

According to her, most farmers, consumers, extension workers are not aware of the various hazards associated with the pesticide-active ingredients in the products they use, adding that this is the more reason HOMEF decided to take the responsibility of training and enlightening farmers.

Mrs Brown, while noting that agroecology will help Nigeria achieve food sovereignty if embraced, added: “Food sovereignty refers to a situation where all people at all times have access to healthy and nutritious food. Food sovereignty ensures that beyond food security – food is safe, food producers have the right to what they produce and how.”

READ ALSO: NABDA, NACGRAB Merger Dangerous For Nigeria’s Biosafety, HOMEF Warns

On his part, one of the trainers of the farmers and farm manager, Be The Help Foundation, Abuja, Chukwu Agozirim, said agroecology is a modern system farming which, according to him, help to eradicate poverty by increase in food production and making the environment safe for humans

He said Gelegele was selected due to the fact that the soil is contaminated as an oil producing community, adding “so the main purpose is to train and enlighten them on how they can go about their normal food production in spite of the contamination of their soil.”

He added: “We are bringing farming back to the olden days how our great-grandfathers were farming.”

Responding on behalf of other farmers, Mr Emmanuel Obi, while describing the training as an eye opener, promised to adapt the new method of farming.

The programme climaxed with a practical session of the training where the farmers were showed how they can use locally sourced materials to grow their farm produce.

 

 

 

 

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[JUST IN] Akpata: UNIBEN Suspends Students’ Union

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By Joseph Ebi Kanjo

The management of the University of Benin, UNIBEN, has suspended Students’ Union of the institution.

INFO DAILY reports that the suspension of the Students’ Union may not be unconnected with the incident that happened at the University’s Senior
Staff Club on Friday 12h April, 2024.

In the said incident, students of the university led by the Students’ Union president were said to have invaded an interactive session by staff of the university with the Edo State governorship candidate of Labour Party, LP, Olumide Akpata and in the process demanded a halt of the event, claiming that they (Students’ Union) were not informed of the event.

READ ALSO: Students Attack LP Guber Candidate At UNIBEN, Akpata Fingers Govt Official

The students were said to have behaved unruly at the event and in the process rough handled many of the stuff including a member of the Academic Staff of the Universities (ASUU), who was reportedly beaten merciless and eventually landed in the hospital.

Following the incident, management of the university was said to have set a panel to investigate the incident with a view to unraveling the truth.

Consequently, in a statement signed by A.A. Bobola, Registrar of the university and made available to newsman in Benin on Monday April 29, 2024, said, “after due consideration of the Report by the Management, the Vice Chancellor has approved the suspension of the University’s Students Union.”

READ ALSO: UNIBEN ASUU Threatens To Boycott Resumption Date Over Violent Attack On Member

The statement partly reads: “The suspension which is indefinite, takes immediate effect, that is, from today, Monday 29h April, 2024.

“Accordingly, all Officers of the Students’ Union are to handover all properties of the Union in their possession to the Dean, Students’ Affairs not later 4.00pm on Tuesday 30 April, 2024.

“In the interim, a Caretaker Committee composed of representatives of Faculties, Schools and Institutes has been approved to coordinate students’ activities during the period of
suspension.

“The above directive of the Vice Chancellor is hereby communicated for the attention of
the University Community and compliance of the erstwhile Union Officers as appropriate.”

 

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Ooni: Suspended Benin Palace Functionaries Banished

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Photo: file copy

Six Oba of Benin palace functionaries have been ostracized.

The palace functionaries were said to have engaged themselves in a sacrilegious show of shame and falsehood against the Benin Custom and tradition.

The banished palace functionaries are Johnbull Igbinosun, Iduhonre (Ihogbe), S.E. Aigbiremwen, Efesoghoba (Ogbelaka) and two other Ogbelaka functionaries — Ogbeide Osagie and Osamudiame.

READ ALSO: Oba Of Benin Suspends Six Officials For Posing As Palace Emissaries To Ooni Of Ife

They had falsely claimed to be emissaries of the Omo N’ Oba N’ Edo Uku Akpolokpolo, His Royal Majesty, Ewuare Il, Oba of Benin in the palace of the Ooni of Ife, His Imperial Majesty, Oba Adeyeye Enitan Ogunwusi; (Ọjájá II), where they rendered a “disjointed account of the link between the Benin Royal Dynasty and the Ooni-ship of Ife at Ooni of Ife’s Palace in Osun State recently.”

A statement signed by Mr. Osaigbovo Iguobaro, Chief Press Secretary to the Oba of Benin on Monday April 29, 2024, said they admitted before a committee led by Chief Ekhoerovbiye Oviasogie, the Uwangue of Benin that they erred against Benin Customs.

READ ALSO: Tragedy In Ekiti As Man Stabs Wife To Death Over Infidelity

The Uwangue of Benin, who described their action as a deliberate attempt to rubbish Benin Kingdom, pronounced the suspension of the Palace functionaries.

Consequently, they were also stripped off of Benin Royal beads, recognition as palace functionaries and their traditional titles, which were handed over to the ancestors.

The suspended palace functionaries were also barred from parading themselves as Benin palace functionaries and stopped from participating in any traditional rites in Benin.

They were thereafter escorted out of the Palace by Chiefs, including Ewaise (traditional seers) with occipital horns invoked ancestral spirits to bear witness.

 

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