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Peter Obi Takes Stand On CBN Governor, Emefiele’s Ordeal

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The Labour Party presidential candidate, Peter Obi, on Monday said replacing the Central Bank of Nigeria’s Governor Godwin Emefiele will not address the level of fiscal rascality fueling inflation and other economic woes.

He made this disclosure while speaking at the Chatham House in London.

He stated that Nigeria’s exchange rate challenge will not go away if Emefiele is removed.

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Peter Obi has backed Emefiele amid rising inflation, chaotic foreign exchange regime, high interest rate, among other glaring economic challenges.

“People are talking about the Central Bank Governor, first let me assure you that the CBN governor will maintain his independence, he will be respected.

“Again, it is not the problem of the person there. CBN has a role in monetary policy. Then, you have the fiscal ecosystem. It’s like you go to a football match and the person who is supposed to be playing a particular wing is no longer there.

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“Replacing Godwin Emefiele and putting somebody else there, with that level of fiscal rascality, which is what is fuelling our inflation and our rate of exchange today… these are some of the things we need to cut”.

READ ALSO: VIDEO: Moment Peter Obi Was Saved From Mob In Southeast State, Nigerians React

DAILY POST reported that Emefiele resumed office after annual leave, a statement signed by the apex bank Director of Corporate Communications, Osita Nwanisobi stated.

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Meanwhile, Nigeria’s Secret Service, DSS denied a report of an alleged invasion of Emefiele’s office upon his resumption on Monday in a statement signed by its spokesperson, Peter Afunanya.

Controversies have continued to surround the alleged imbroglio between Emefiele and DSS.

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Madagascar Revokes Ousted President’s Nationality

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Madagascar’s new government has stripped ousted president Andry Rajoelina of his Malagasy nationality in a decree published Friday, 10 days after he was removed in a military takeover.

According to AFP, the decree means that Rajoelina, who was impeached on October 14 after fleeing the island nation in the wake of weeks of protests, would not be able to contest future election.

The decree published in the official gazette said Rajoelina’s Malagasy nationality was revoked because he had acquired French nationality in 2014, local media reported, as photographs of the document were shared online.

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READ ALSO:Madagascar’s President Denounces ‘Coup Attempt’ As Gen Z Protests Escalate

French broadcaster RFI said it had confirmed the decree with the entourage of the new prime minister, Herintsalama Rajaonarivelo, who signed the order.

The decree cited laws stipulating that a Malagasy who voluntarily acquires a foreign nationality loses their Malagasy nationality.

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Rajoelina’s French nationality caused a scandal when it was revealed ahead of the November 2023 elections, nearly 10 years after it was granted.

READ ALSO:Madagascar Passes Bill To Castrate Child R*pists

It triggered calls for him to be disqualified but he went on to win the contested polls, which were boycotted by opposition parties.

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The 51-year-old politician fled Madagascar after army Colonel Michael Randrianirina said on October 11 his CAPSAT unit would refuse orders to put down the youth-led protest movement, which security forces had attempted to suppress with violence.

Rajoelina said later he was in hiding for his safety, but did not say where.

Randrianirina was sworn in as president on October 14, pledging elections within two years.

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Kamala Harris Hints At Running For President Again

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Former US vice president Kamala Harris said in a British television interview previewed in Saturday that she may “possibly” run again to be president.

Harris, who replaced Joe Biden as the 2024 Democratic presidential candidate but lost to Donald Trump, told the BBC that she had not yet decided whether to make another White House bid.

But the 61-year-old insisted she was “not done” in American politics and that her young grandnieces would see a female president in the Oval Office “in their lifetime, for sure”.

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READ ALSO:FULL LIST: Trump, Kamala, Netanyahu, Others Shortlisted For 2024 Time’s Person Of The Year

“I have lived my entire career a life of service, and it’s in my bones, and there are many ways to serve.

“I’ve not decided yet what I will do in the future, beyond what I am doing right now,” Harris told the British broadcaster in an interview set to air in full on Sunday.

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The comments are the strongest hint yet that Harris could attempt to be the Democratic Party nominee for the 2028 election.

READ ALSO:Kamala Harris Secures Democratic Presidential Nomination

The interview follows the release of her memoir last month, in which she argued it had been “recklessness” to let Biden run for a second term as president.

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She also accused his White House team of failing to support her while she was his deputy, and at times of actively hindering her.

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India Police Arrest Three Nigerian Women For Cocaine, MDMA

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The Police in India have uncovered a transnational drug distribution network allegedly operated by a group of Nigerian nationals, following a series of coordinated raids across the Delhi-NCR region over the weekend.

According to a report by thetimesofindia, three suspects, including two Nigerian women, were arrested for their roles in the trafficking of synthetic drugs such as MDMA and cocaine. The suspects, identified as Precious and Gift (believed to be a misspelling of Gift), were apprehended near Bakhtawar Chowk by officers from the Crime Unit, Sector 43.

According to investigators, the women had been staying at Food Empire, near the Bajaj showroom on Devli Road in Delhi, from where they allegedly managed deliveries to clients across Gurgaon and parts of Delhi.

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“A total of 39 grams of MDMA, classified as a commercial quantity, was recovered from their possession,” the news platform quoted an unnamed police officer as saying. “They have been booked under Section 21(C) of the NDPS Act at Sadar Police Station, Gurgaon.”

READ ALSO:NDLEA Intercepts Drugs Concealed In Frozen Snails, Electrical Bulbs

Quoting police sources, the newspaper reported that the Nigerians entered India on medical visas two years ago but remained in India illegally after their visas expired. Apart from supplying drugs, they were said to be involved in sex work around MG Road at night.

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It added that based on information obtained during interrogation, a team led by Inspector Narendra raided a building in Khanpur Extension, Delhi, on Sunday morning with assistance from the Delhi Police.

The operation led to the seizure of additional narcotics and drug-making equipment, including 22 grams of white MDMA, 3 grams of brown MDMA, 9 grams of cocaine, an electronic weighing machine, packaging materials, and mobile phones.

Another Nigerian woman, identified as Joy, was found at the premises. Police said her boyfriend, believed to be a key figure in the drug ring, had escaped a day earlier.

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READ ALSO:How Man Who Couldn’t Get Admission In Nigeria Bags PhD ‘On Scholarship’ From Indian Varsity

“The entire building had been rented by Nigerians who were running a drug manufacturing and distribution setup,” Inspector Narendra said. “They produced MDMA and cocaine using chemical substances and distributed them nationwide through the dark web and other covert channels.”

Recall that in October, Anti-Narcotics Cell (ANC) of the Mumbai Police in India arrested a Nigerian national following the seizure of 523 grams of cocaine valued at approximately ₹5.23 crore (worth about N861,705,887.60) during an early morning operation on Saturday.

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According to https://www.lokmattimes.com police sources said the operation was conducted around 4:15 a.m. near Diamond Ayva Hostel on Hansmukh Road, Vakola, after a patrol team noticed a man loitering suspiciously on the pavement.

Officers reportedly invited independent witnesses to the scene before carrying out a search.

A white nylon bag was allegedly found in the suspect’s possession, which contained a transparent plastic pouch holding the cocaine.

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