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Arewa Youth Consultative Forum tackles Atiku over comment on new naira notes
The Arewa Youth Consultative Forum (AYCF) on Saturday came hard on the presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, over his comment urging the Central Bank of Nigeria (CBN) not to grant further extension of its Naira swap policy deadline beyond the 10 days announced by the bank.
Naija News reports that the CBN had extended the deadline for the swap of old naira notes to February 10, to enable Nigeria carrying out the exchange.
The CBN initially fixed January 31 as the deadline but many Nigerians have not been able to get the new N200, N500, and N1000 notes, prompting a scarcity in the country.
Atiku, who had initially called for the deadline extension, recently urged President Muhammadu Buhari and the CBN not to extend it any further, as this may defeat the purpose of the redesigned naira note.
In a press statement personally signed and released by National President of the AYCF, Yerima Shettima declared that Atiku was on his own for recently opposing the opinions of the Sultan of Sokoto, Alhaji Sa’ad Abubakar, and the National Assembly on the policy.
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He wondered what Atiku hoped to benefit from the difficulties citizens currently experience as a result of the cash swap policy.
The group warned Atiku to stop playing politics with the policy adding that his comment was self-serving.
Shettima said: “Former VP Atiku’s call was out of place because it is coming on the heels of growing complaint about the kind of sabotage that is causing untold hardship to Nigerians over this policy.
“Atiku stands alone in his call on the CBN not to review the deadline. He is against prominent Nigerians who made passionate appeal for deadline review, notably the sultan of Sokoto, the Senate and House of Representatives leaders and experts.
“What purpose will the current difficulties people are facing serve Atiku? Why would he rather identify with the need to let the difficulties faced by especially rural folks continue and for how long?”
While noting that the policy was good owing to the fact that as at end of June 2022, available data indicated that N2.72 trillion out of the N3.26 trillion in circulation was outside the vaults of commercial banks, the group said it, however, supports the calls by Nigerians for an extension.
“We are of course aware that the economy has suffered heavy, avoidable bruises.
“The AYCF wishes to state that it will be suicidal for this nation to consider Atiku’s advice against a review of the CBN cash swap deadline, because for any policy to succeed, it must have a human face and we believe the CBN Governor, Godwin Emefiele, won’t turn against overwhelming public interest, like Atiku has just done.
“The AYCF is therefore warning the ex-VP not to turn this policy into a weapon of political manipulation or political attention-seeking opportunity. He should forget about the continuation of a policy in the midst of loud calls for positive review for the sake of his selfish political and self-serving interests. We will not stop emphasising that Nigeria is never a Banana Republic.
“We advise the ex-VP to concentrate on his presidential campaigns by showcasing what he has done to merit the votes of Nigerians and stop playing politics with our economic policies and associated challenges. We thought the ex-VP would tell Nigerians what he has to offer in fighting inflation and weak national currency,” the group added.
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NURTW scribe felicitates Nigerians on Xmas, urges caution
NURTW scribe felicitates Nigerians on Xmas, urges caution
The General Secretary of the National Union of Road Transport Workers (NURTW), Comrade Kayode Agbeyangi, has enjoined Nigerians to imbibe the virtues of peace, love and compassion as taught through the birth of Jesus Christ.
He stated this in his Christmas and end of the year goodwill message to felicitate members of the union and Nigerians in general.
Agbeyangi urged Nigerians to use the festive season to reflect on the values of love, compassion, and sacrifice that Jesus Christ embodied.
“This period is not for merry making alone; we should also spare time to reflect on the birth and life of Jesus Christ.
“His birth teaches humility, love compassion and sacrifice. As Nigerians, we must show love to our fellow county men. We must love our country. As Nigerians, we must be ready to make sacrifices for the nation.”
The NURTW scribe also used the opportunity to appeal to members of the union and other road users to always exercise caution and adhere to all safety protocols while travelling during the festive season.
“As we celebrate, let us not forget the importance of road safety. The roads can be treacherous, especially during the festive season.
“I urge our members and all road users to drive safely, avoid overspending, overtaking at dangerous bends and overloading, and be courteous to other road users,” he stated.
He also advised drivers that all their vehicle papers should be up to date to avoid embarrassment from law enforcement officers on the highways.
Comrade Agbeyangi prayed for a peaceful and joyous celebration, and wished members of the union and Nigerians, a happy prosperous New Year.
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Why we displayed ‘Jesus Christ is not God’ banner at Lekki mosque -Imam
Why we displayed ‘Jesus Christ is not God’ banner at Lekki mosque -Imam
The Chief Imam of Lekki Central Mosque in Lagos, Ridwanullah Jamiu, has said the “Jesus Christ is Not God” banner placed on the fence of the mosque was not intended to provoke anybody. The banner became a source of controversy after a picture of it was shared on social media, with many calling it an…
The Chief Imam of Lekki Central Mosque in Lagos, Ridwanullah Jamiu, has said the “Jesus Christ is Not God” banner placed on the fence of the mosque was not intended to provoke anybody.
The banner became a source of controversy after a picture of it was shared on social media, with many calling it an attack on the Christian faith.
Addressing his congregation, Jamiu said the banner was displayed to educate Muslims.
He said, “When you come to Lekki Central Mosque, at least you should learn something. You pass by the banners outside, you look here and there, you learn something because Islam treasures knowledge.”
The Imam said all the banners displayed outside the mosque contain Quran and Hadith verses.
He said after a photo of one of the banners went viral, he “received calls from the government, local government, and area command appealing to us to please remove the banners because of the festive period.”
He said the display of the banners was not to provoke anyone, noting that there’s a difference between propagation of Islam and provocation.
“It was not placed there just yesterday. It has been there for about two months or thereabout. We are peace loving people, we don’t provoke anyone. We only propagate our name,” he said.
Jamiu further stated that nobody can monopolise Jesus because Muslims also have what they believe about him as backed by the Quran which calls him Isah.
“If you don’t believe in Jesus, you are not a Muslim. We are Muslims and anything we believe must be in consonant with the Quran and the Quran says Jesus Christ is not God, he’s a messenger of God. We quoted this verse in the banner. Is there anything wrong if we paste what we believe on our territory to educate our congregation? It’s a verse of the Quran. This is freedom of religion, freedom of speech,” he said.
On the removal of the banner, Jamiu said he received multiple calls ascribing the gesture as cowardice.
“It is not cowardice. We removed it to let peace reign, to obey our government because we are peace-loving people and also because we know it’s a festive period, people may think it was actually calculated to enrage others. We are going to modify it and put it back. We are not cowards,” he said.
The banner has since been replaced with another which says “A
llah is the lord of Jesus.”
Why we displayed ‘Jesus Christ is not God’ banner at Lekki mosque -Imam
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CBN fines bank found hoarding cash N150m
CBN fines bank found hoarding cash N150m
The Central Bank of Nigeria (CBN) has imposed a N150 million fine on a commercial bank for failing to dispense cash through its Automated Teller Machines (ATMs).
This action follows an unannounced inspection by the apex bank, which uncovered deliberate cash hoarding and ATM manipulation by the erring bank.
Sources within the CBN revealed that the sanctioned bank was caught disabling its ATMs, thereby denying customers access to their funds while prioritizing cash disbursements to select VIP clients.
A staff member of the CBN stressed that the apex bank would not tolerate such practices.
“The Bank will not spare any Deposit Money Bank (DMB) caught in the act of hoarding cash or found favoring VIP customers over other customers,” the official stated.
To this end, the CBN has intensified spot checks on banks nationwide, exposing various illicit cash-handling practices by some unscrupulous financial institutions.
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For now, the CBN is imposing financial penalties on defaulting banks. However, according to the official, the next phase of enforcement will include publicly naming and shaming offending banks and prosecuting implicated bank officials.
“This fine is just the beginning. The CBN is determined to hold banks accountable for any actions that undermine public trust and the integrity of the banking system,” the official added.
Despite the ongoing challenges, the CBN has reiterated its commitment to promoting cashless banking in the country.
Another senior official disclosed that the apex bank’s management is intensifying efforts to encourage the use of electronic channels for transactions.
“The frustration faced by account holders is undermining our push for a cashless economy. We are doubling down on initiatives to restore public confidence in electronic banking solutions,” the official said.
CBN fines bank found hoarding cash N150m
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