News
Naira Scarcity: Hero Of The Moment – FFK Hails El-Rufai For Countering Buhari’s Directive
Published
1 year agoon
By
EditorA chieftain of the All Progressives Congress, APC, Femi Fani-Kayode has lauded the Kaduna State Governor, Nasir El-Rufai over his stance on the Central Bank of Nigeria, CBN’s Naira policy.
Recall that following the redesigning of the Naira notes, the Central Bank of Nigeria, CBN had fixed February 10 as the deadline for the notes to remain in circulation.
But some governors elected under the platform of the All Progressives Congress, APC, dragged the Federal Government to the Supreme Court in a move to stop the execution of the stipulated deadline.
READ ALSO: Ex-finance Minister Blames CBN For New Naira Crisis
Responding to an ex parte application filed by the Kaduna, Kogi and Zamfara State governments, the Supreme Court on February 8, stopped the CBN from effecting its ban on the old notes pending the hearing and determination of the case on Wednesday, February 15.
Addressing the situation in a national broadcast on Thursday, President Muhammadu Buhari directed the CBN to release the old N200 note while the old N500 and N1,000 notes remain invalid.
However, El-Rufai in a statewide broadcast, countered the president, saying the old N500 and N1,000 remain legal tender in his state, warning that Buhari’s directive was against the Supreme Court order.
He accused the president of working to sabotage the candidacy of the APC presidential candidate, Bola Tinubu.
Reacting, FFK, a former Minister of Aviation described the governor as the hero of the moment.
According to a series of tweets on his official page, FFK who is currently being interrogated at the Department of State Services, DSS over a controversial tweet, said Tinubu would win the election despite the alleged conspiracies against him.
READ ALSO: VIDEO: Protest In Ibadan Over Naira Scarcity, Gunshots Heard
He wrote, “The hero of the moment is @elrufai. He has spoken truth and @fkeyamo has confirmed that truth most eloquently and courageously on Channels TV’s ‘Politics Today’ last night.
“Those that hatched and plotted the conspiracy to stop BAT and are attempting to set our nation ablaze and destroy our democracy have failed.
“Next Saturday this matter will finally be concluded, the hopes of the conspirators shall be dashed and our collective enemies shall not only be roundly humiliated and convincingly defeated but also confined to the dustbin”.
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News
Police Reacts To Trending Video Of Woman Feeding Baby Alcohol,Vow To Fish Out Mother [WATCH]
Published
12 hours agoon
May 15, 2024By
EditorThe spokesperson of the Nigeria Police Force, ACP Olumuyiwa Adejobi, has stated that the police will fish out a nursing mum filmed feeding her baby alcohol.
The disturbing video showed the woman who spoke in Yoruba, hailing her baby girl as she gulped the alcohol.
READ ALSO: VIDEO: Drama As Portable Jumps Gate To Evade Police Arrest
Reacting to the video, Adejobi wrote: ‘’Another assignment for us. This is too bad. We will fish her out. Thanks. @PoliceNG”
Operatives of the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested thirteen fake bureau de change operators in Lagos.
They were arrested for operating BDC without an appropriate licence.
The suspects are: Abdulahi Musa, Garba Abdullahi, Dauda Hussaini, Jubril Musa, Abdulwaheed Iliyasu and Abubakar Mohammed.
Others are: Umar Saidu, Nurudeen AbdulAzeez, Hamidu Usman, Yusuf Isa, Musa Ishaka, Liman Makki and Idris Mohammed.
READ ALSO: $2.5bn Fraud: EFCC To Collaborate With UK Prosecutors In Diezani’s Case
They were arrested during sting operations by EFCC’s operatives between May 10 and 13, 2024 at different parts of Lagos, following credible intelligence received by the Commission about their illicit business activities.
Also, a suspected currency racketeer, Kafayat Lateef was also arrested over for alleged involvement in the sale of the Naira notes in different denominations.
A sum of N2.1 million was recovered from her at the point of arrest. A statement by EFCC Spokesman, Dele Oyewale, said that the suspects would soon be charged to court as soon as investigations are concluded.
News
Ex-CBN Gov, Emefiele Faces Fresh Charge Over Printing Of Naira Emefiele
Published
18 hours agoon
May 14, 2024By
EditorThe Economic and Financial Crimes Commission, EFCC, has preferred a fresh charge against the former Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, over an allegation that he illegally printed Naira notes while he held sway at the apex bank.
The anti-graft agency, in the four-count charge it entered before the High Court of the Federal Capital Territory, FCT, Abuja, equally accused the former CBN boss of unlawfully approving the withdrawal of about N124.8billion from the consolidated revenue fund.
According to the EFCC, the defendant, acting in violation of law and “with intent to cause injury to the public,” okayed the printing of naira notes without the approval of both the former President, Muhammadu Buhari and the board of the CBN.
Emefiele, who is already facing multiple charges both in Abuja and Lagos, is expected to take his plea before trial Justice Maryann Anenih.
READ ALSO: Alleged Fraud: Court Admits Bundles Of Documents As Evidence Against Emefiele
Specifically, the charge against him, read: “That you Godwin Ifeanyi Emefiele, between the 19th day of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007, by approving the printing of N375,520,000.00 pieces of colour swapped N1, 000, at the total cost of N11,052, 068,062 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.
“That you, Godwin Ifeanyi Emefiele, between the 19th of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the Central Bank of Nigeria Act, 2007, by approving the printing of 172,000,000 pieces of colour swapped N500 (Five Hundred Naira) Notes, at the total cost of N4, 471,066,040 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.
“That you Godwin Ifeanyi Emefiele, between the 19th day of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007, by approving the printing of 137,070,000 pieces of colour swapped N200 (Two Hundred Naira) Note, at the total cost of N3, 441, 005, 280 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.
READ ALSO: How I Collected Dollars In Cash For Emefiele, Dispatch Rider Tells Court
“That you, Godwin Ifeanyi Emefiele, on or about the 7th day of October 2020, in Abuja, within the jurisdiction of this Honorable Court, knowingly disobeyed the direction of Section 80 of the Constitution of the Federal Republic of Nigeria, 1999 (As Amended), by approving the withdrawal of the total sum of N124, 860, 227, 865.16 from the Consolidated Revenue Fund of the Federation in a manner not prescribed by the National Assembly, which conduct of yours caused injury to the public and you thereby committed an offence.”
It will be recalled that President Bola Tinubu had on June 9, 2023, suspended Emefiele from office as the head of the apex bank.
He was later arrested at his Lagos residence by DSS operatives.
The former CBN boss was subsequently transferred to the custody of the EFCC, which on November 28, 2023, docked him on a six-count charge that bordered on his alleged involvement in procurement fraud.
Though Emefiele, who initially spent 151 days in custody of security agencies, was later granted bail to the tune of N300million and ordered to produce two sureties that the trial court stressed must be Abuja residents that have landed property within the Maitama District, the defendant could not perfect the conditions till December 23, 2023, when he was released from Kuje prison where he spent about 34 days.
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