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Controversy Trails Unveiling Of New Currency Redesign

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Mixed reactions have continued to trail the unveiling of the redesigned naira notes.

While some expressed anger that the Federal Government had abandoned its responsibilities and issues that demand immediate solutions, such as insecurity, fuel scarcity, increasing unemployment, and food scarcity, others believe it has a hidden motive for the sudden decision.

A political analyst, Dr Reuben Omachi, also a former lecturer at the Usman Danfodiio University, Sokoto, said the All Progressives Congress-led government wants to stay in power beyond 2023 and is, therefore, making it difficult for the opposition parties to stock enough money to fight back.

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Also speaking in an interview with DAILY POST on Friday, Dr. Moses Unubi, said the unveiling would take Nigerians back as it will take locals several months to understand and master the new currency notes.

According to Mr. Donatus Umoru, a political science student at the Ahmadu Bello University Zaria, he said the government was not interested in good governance, rather finding ways to make people poorer.

According to him, the rich who have stored up wealth for themselves, may equally become poor, since all eyes are on those who make huge deposits of old notes in banks.

READ ALSO: Police React To Viral Video Of Alleged Terrorists In Lagos

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Mrs. Susan Adokole felt the currency redesign would increase inflation, since more money will continue to chase few foodstuff/goods.

According to her, “even if the country wants to change currency, it should have given more time for people to either make deposit or use the money to buy goods and keep.”

She blamed the President Muhammadu Buhari-led governnent for making life difficult, adding that the federal government abandoned its primary responsibilities for a decision that would make Nigerians poorer.

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Excitement, Dance As ‘Looted Ancestral Stools’ Return To Oba Of Benin

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It was a moment of joy, excitement and dance at the palace of the Oba of Benin as the revered monarch, Oba Ewuare II took custody of two looted royal stools from the German government.

They were handed over to the National Commission for Museums and Monuments, NCMM on behalf of the Nigerian government by the German authorities in 2022.

The Director-General of
National Commission for Museums and Monuments, Mr Olugbile Holloway made the presentation on behalf of the Federal Government on Saturday May18, 2024 in Oba of Benin Palace, Benin City.

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According to history, the artefacts — Bronze and wooden Royal stools (Ekete), made during the reign of Oba Eresoyen and Oba Esigie several Centuries ago, were looted from Oba Palace during the punitive expedition in 1897.

READ ALSO: Over 100 Priests, Palace Chiefs Storm Court For Oba Of Benin In Solidarity 

Addressing the Benin Throne during the presentation of the artefacts, Mr Holloway, pledged on behalf of NCMM, to work-hand-in hand with the Benin Royal Court in uplifting and displaying Edo heritage.

He revealed that as the Benin Bronzes and other art works are gradually making their way home (Nigeria), “NCMM will join hands with the Royal Court to create a befitting destination for people around the world to come and appreciate these works”.

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“What you see before us were originally taken away from the Royal family in 1897.

“We have a stool made of Bronze and a wooden stool.

“I speak for every member of my team, to say that we remain loyal to the Royal Court. And if there is anything we can do, we will do to support this laudable initiative.

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

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“This heritage is not just Benin heritage, but Nigeria’s heritage.
When we speak of Benin heritage, there is nobody that doesn’t know the great works of ours.

“I appreciate you, we will always do what we can do with our powers to make His Royal Majesty lineage in memory”, he said.

After unveiling the repatriated Artefacts, Oba of Benin, who danced joyfully to Benin traditional rendition in dramatic dance steps, with excited Chiefs and members of the Royal family, offered prayers to Almighty God and his ancestors.

The traditional ruler, who was visibly overwhelmed with joy, appreciated the German government and the Federal Government and the NCMM leadership for their efforts.

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The royal father, thereafter, in a historic move, sat in one of the royal stools (Ekete), and personally presented a chunk of white, which, according to belief, symbolizes peace and blessings to the Director-General of National Commission for Museums and Monuments, Mr Olugbile Holloway.

Oba Ewuare II also prayed for Mr Holloway and his team, accompanied by the Curator, National Museum, Benin, Mr Mark Olaitan, Director, Legal Services, NCMM, Barrister Babatunde Adebiyi on the visit where Royal Drummers gave a good account of their stewardship.

 

 

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50-year-old Man Dies While Watching Football Match In Lagos Bar

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A yet-to-be-identified man has died allegedly watching football in an open bar along Lagos-Abeokuta Expressway in Lagos.

It was discovered that the deceased, a man in his fifties, was a frequent patron of the open bar prior to the incident and had visited on May 15, 2024, to watch a football game.

But problems arose when it was later found that he was sleeping and that attempts to wake him up were unsuccessful.

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READ ALSO: Police Dismiss Inspector For N29.8m Theft, Kidnapping

The Lagos State Police Spokesperson, SP Benjamin Hundeyin, confirmed the incident by saying that on May 15, 2024, at approximately 7:00 PM, the owner of the open bar came to Elere Division to report that the same day, one of his male customers—whose name and address are unknown—died while watching a football game.

In an additional explanation, Hundeyin stated that when detectives from the division visited the scene, they saw the deceased lying lifeless on the chair without any signs of violence.

“His body has been taken to the mainland general hospital in Rusty Yaa for an autopsy,” he continued, “We are still trying to find his family.”

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JUST IN: Tinubu Appoints Governing Board Members For 111 Tertiary Institutions

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President Bola Tinubu has approved the appointments of at least 555 persons to serve as Pro-chancellors/Chairmen and members of Governing Boards of 111 federal universities, polytechnics and Colleges of Education.

This followed Tinubu’s assent to a list of nominees selected by the Ministry of Education.

An advertorial by the Education Ministry sighted by The PUNCH showed the appointment of a chairperson and four members for each of the institutions.

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READ ALSO: Judicial Misconduct: NJC Sets Up Panel To Probe 35 Petitions Against

It was signed by the ministry’s Permanent Secretary, Mrs. Didi Esther Walson-Jack.

The inauguration and retreat for the Governing Councils will take place on Thursday, May 30 and Friday, May 31, 2024, at the National Universities Commission, 26 Aguiyi Ironsi Street, Maitama, Abuja. Both events will commence at 9:00am daily,” said Walson-Jack.

When contacted for confirmation, the Presidency said the list emanated from the Ministry of Education.

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“This is from the Federal Ministry of Education…they make the nominations and forward them to the President to sign. But they are at liberty to release it from their end,” the President’s Special Adviser on Information and Strategy, Bayo Onanuga, told The PUNCH on Sunday.

READ ALSO: Tinubu Okays Payment Of N3.3tn Power Sector Debts, Gencos, Gas Producers To Get N1.3tn, $1.3bn

The appointments come days after the Academic Staff Union of Universities had threatened to embark on another strike, potentially disrupting the academic calendar and causing further setbacks in the country’s higher education sector.

The union, on Tuesday, decried the failure of the Federal Government to appoint Governing Councils for federal universities.

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The union also faulted what it described as the nonchalant attitude of the President Bola Tinubu-led Federal Government to matters about academics in federal universities.

The body of academics, during a briefing at the University of Abuja, also faulted the 35 per cent salary increment for professors and the 25 per cent salary increment for other academics in the university system.

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