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Rep tasks CBN to stop continuous fall of Naira

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A House of Representative member, Bamidele Salam (PDP-Osun), has called on the Central Bank of Nigeria (CBN) to stop the continuous fall of the value of Naira against against dollar.

Salam, in an interview with the Newsmen on Tuesday in Abuja decried the continuous devaluation of the Naira, saying that the Nigerian currency was doing badly when compared to other currencies of the world.

As at the time of filing this report, a dollar was valued at N567 in the parallel market while the official price was N410 to a dollar.

The lawmaker said that the CBN should do something urgent about the situation to save the players in the Nigerian economy.

“Though the value of the naira is a functionality of many things, it appears to me that there is a deliberate policy of the CBN to devalue the naira consistently.

“This is very worrisome because of its effect on trade, investment and on consumption of goods and services both locally and those imported which depend on raw materials.

“Are we saying that the Ghanaian economy, the Sierra Leonean economy, the Nigerian economy is doing better than the Nigerian economy? The Niger currency is doing better in the international market than the naira is the last six months.

“Are we saying that the economy of Liberia and the economies of all these countries are doing better than that of Nigeria?

“Why will we continue to look on and continue to have this fee fall; in the parallel market today, a dollar is over N500,’’ he said.

He said he had approached the House to urge the CBN to take the urgent steps and that the House Committee on Banking and Currency should liaise with the CBN on the matter.

Salam recommended that transaction in local market with foreign currency should be criminalised, saying that every transaction in the local economy should be done with the naira.

He added that states in Nigeria should be allowed to own their own railway system, generate power and engage in developing mineral resources in their domains to boost the nation’s economy.

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Nnamdi Kanu: I lectured Abaribe on how to live in prison – Shehu Sani

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Shehu Sani, a former Kaduna Central Senator, has recalled lecturing Senate Minority Leader, Senator Eyinnaya Abaribe on how to live in prison.

Sani said he used to lecture Abaribe on how to live in prison in case he gets prosecuted over his Biafra agitation.

He disclosed this while sharing a throwback photo of himself having a discussion with Abaribe on the floor of the Upper Chamber.

In a post on his Facebook page on Wednesday, the former lawmaker disclosed that Abaribe also tried to convert him into believing in the Biafra ideology.

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He wrote: “My good friend Senator Abaribe was trying to convert my citizenship to Biafra while I used to give him lectures on how to live in prison when they come for him, using my years of experience in Kiri Kiri, Port Harcourt and Aba Prisons in the 90s.”

Abaribe had stood as one of the sureties for Nnamdi Kanu, leader of the Indigenous People of Biafra, IPOB, in 2017.

But Kanu jumped bail and fled Nigeria after regaining his freedom, following a ruling by Justice Binta Nyako of an Abuja Federal High Court.

Following Kanu’s action, it was believed that the Nigerian government would go after Abaribe as he risked imprisonment.

However, Kanu was rearrested in July and is currently facing trial.

Daily Post

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Plateau lawmakers fight over mace, impeach speaker

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There was a rancorous situation on Thursday at Plateau State House Assembly as the legislators fought over the mace, the symbol of authority, leading to the impeachment of the Speaker, Abok Ayuba Nuhu.

Nuhu was promptly replaced with Sanda Yakubu, who from Pingana constituency of the Bassa Local Government Area of the state.

It was leant that as early as 5.30am on Thursday, members of the assembly had started arriving at the chamber of the house.

The rumours about the impeachment of Abok had started a week ago when press releases and write-ups went viral on social media over his clash with the state governor, Solomon Lalong.

The lawmakers almost exchanged blows when the issue of the impeachment was tabled in the house on Thursday. The Peoples Democratic Party members, who were loyal to the speaker, took the mace to prevent the impeachment.

But the All Progressives Congress members, who were in the majority insisting on the impeachment, dragged the mace and placed it in its position, and went ahead with the process.

It was learnt that before the state lawmakers converged on the house, the road leading to the assembly was blocked by security operatives.

There had been grudges between Governor Simon Lalong and the impeached speaker following the attack in Yelwan Zagam, the community of Jos North, where people were killed.

After the attack, the speaker started criticising the governor openly. He also stopped attending public functions in the state.

 

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Ogun gives land encroachers 1 month grace to process titles

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Dapo Abiodun

Ogun State Governor Dapo Abiodun has announced a one-month moratorium for residents and entrepreneurs who have encroached on the state government-acquired land.

He announced this at the launch of an online portal, Ogun State Land Administration and Revenue Management System (OLARMS), at the Tech Hub in Abeokuta.

The governor gave them up till November 30 to apply for ratification of their documents.

In his address, the Chief Economic Adviser and Commissioner for Finance, Dapo Okubadejo, said the portal will also offer those who have encroached on the state government land in different parts of the state an opportunity to get title documents via the Property Registration Programme (PRP) for only a defined period.

Daily Trust

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