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Naira re-design and swap policy: House c’ttee rejects CBN extension, says position of law sacrosanct
The House of Representatives ad hoc committee on new naira re-design and naira swap policy has rejected the 10 days extension granted by the Central Bank of Nigeria (CBN) for the exchange of old naira notes.
The CBN had fixed January 31st as the deadline for the exchange of the old naira notes; N200, N500 and N1000.
The CBN governor, Godwin Emefiele, on Sunday, said President Muhammadu Buhari gave permission for the deadline to be extended to February 10.
In its swift reaction, the adhoc committee, chaired by the leader of the House, Hon. Alhassan Ado Doguwa, rejected the extension, insisting that the CBN must comply with sections 20 sub 3, 4, and 5 of the CBN act.
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Recall the House, during its sitting on Tuesday, following the outcry by Nigerians, constituted the ad hoc committee to look into the issue.
Doguwa said; “The 10-day extension for the exchange of the old naira notes is not the solution: We as a legislative committee with a constitutional mandate of the house, would only accept clear compliance with section 20 sub 3, 4, and 5 of the CBN act and nothing more.
“Nigeria as a developing economy and a nascent democracy must respect the principle of the rule of law. And the House would go ahead to sign arrest warrant to compel the CBN Governor to appear before the Adhoc committee.”
He said under his chairmanship, the committee would continue its work until it gets the demands of Nigerians addressed in accordance with the laws of the land.
Describing the extension as a mere political gimmick to further deceive Nigerians and worsen their economic and social livelihood, Doguwa said the CBN governor must appear before or stand the risk of being arrested on the strength of legislative writs signed by Hon. Speaker on Monday.
He also said the policy is capable of frustrating the forthcoming general elections.
“Security agencies and their operations especially at the states level are generally funded through cash advances and direct table payments of allowances to operatives during elections,” he said. Daily Trust
metro
Bandits kill nine civilian JTF members, kidnap three in Sokoto
Bandits kill nine civilian JTF members, kidnap three in Sokoto
At least nine Civilian Joint Task Force members fighting bandits in Sokoto State have been reportedly killed in an ambush, while an unspecified number sustained varying degrees of injury.
It was gathered that three CJTF members were also taken away by the bandits.
A source told our correspondent that the incident occurred last Sunday in Isa Local Government Area of the state.
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The CJTF source added that Isa LGA is a stronghold of bandits and very dangerous for security operatives.
“We lost nine members in an ambush in Isa LGA, many others were wounded and three others were abducted in the attack after our members received a distress call to support security operatives.
“We received the sad news two days ago. Since the beginning of this year, when we were asked by the state government to deploy our members to support the troops in the fight against banditry in the North-West.”
Recall that this was the second time bandits would ambush CJTF men in Sokoto State in two months.
Bandits kill nine civilian JTF members, kidnap three in Sokoto
metro
IPOB declares sit-at-home May 30 to honour Biafra heroes
IPOB declares sit-at-home May 30 to honour Biafra heroes
The Indigenous People of Biafra (IPOB) has declared Thursday May 30 as sit-at-home day in South East to honour those who fought in the civil war.
In a statement issued by IPOB’s Media and Publicity Secretary, Comrade Emma Powerful, said: “The sit-at-home is an annual event held on May 30th to remember the men and women who died during the Nigerian civil war between 1967 and 1970.
“IPOB leader, Mazi Nnamdi OkwuChukwu Kanu, urged all Biafrans, friends of Biafra, and residents in Biafra Land to observe the sit-at-home and reflect on the sacrifices made by the fallen heroes.
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“All schools, government offices, private offices, banks, transport unions, market unions, and private individuals are expected to shut down operations on May 30th, except for medical personnel and emergency workers.”
IPOB also called on Christians and traditional worshipers to use the day to pray for the fallen heroes and for Biafra’s independence from Nigeria.
The group warned residents to avoid loitering and stay indoors from 6 am to 6 pm to avoid any confrontation with security forces.
“IPOB members in diaspora are encouraged to organize peaceful rallies and seminars to raise awareness about the Biafran struggle and the ongoing genocide against the Biafran people.
By honoring the heroes and heroines of the Biafran struggle, IPOB hopes to keep their memory alive and continue the fight for Biafra’s freedom and independence, ” the statement added.
IPOB declares sit-at-home May 30 to honour Biafra heroes
metro
Court sends tenant to prison for setting landlord’s house on fire
Court sends tenant to prison for setting landlord’s house on fire
One Dickson Peter has been remanded in a correctional facility for allegedly setting his landlord’s house on fire.
An Iyaganku Chief Magistrates’ Court in Ibadan, ordered the remand of the accused on Thursday.
According to NAN, the police charged 35-year-old peter with two counts of felony and arson.
The Magistrate, Mr M. Mudashiru, who did not take the defendant’s plea due to want in jurisdiction, ordered that he should be remanded in Abolongo Correctional facility, Oyo Town.
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Mudashiru said the remand is pending legal advice from the Director of Public Prosecution, DPP.
He adjourned the matter until July 23, for mention.
Earlier, the Prosecution Counsel, Insp Femi Oluwadare informed the court that Peter on April 18, at about 12:30a.m, was alleged to have unlawfully set fire to the House of his Landlord, Cepas Okeme and destroyed properties worth N6.5 million.
Oluwadare said after he set the building on fire, it also spread to the next property belonging to Bose Ali ‘ F’ and also destroyed property worth N3.5 million.
He said the offence contravened the provisions of section 443 of the Criminal Code Laws of Oyo State 2000
Court sends tenant to prison for setting landlord’s house on fire
Bandits kill nine civilian JTF members, kidnap three in Sokoto
Yahaya Bello govt spending third term in office through Ododo – Clark
IPOB declares sit-at-home May 30 to honour Biafra heroes
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