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EFCC offers 5% reward to whistleblower in naira abuse case
EFCC offers 5% reward to whistleblower in naira abuse case
In a bid to further strengthen its crusade against the abuse of the naira, the Economic and Financial Crimes Commission, EFCC, has announced a 5% reward for whistleblowers who provide credible information leading to the prosecution of offenders.
He explained that the 5% reward was aimed at encouraging whistleblowers to come forward with information that would aid in the prosecution of offenders.
“There’s a reward if you report anyone spraying the Naira. That is whistleblowing. The whistleblowing act offers 5% reward of whatever amount that is involved to whoever offers credible information that can stand the rigour of prosecution and not derived from malice and mischief,” Oyewale declared.
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He added that the EFCC had already secured nearly 50 convictions across the country since the inception of the task force on naira abuse and dollarisation.
The EFCC spokesman emphasized that rejecting the naira as a legal tender was a criminal offence, adding that those found guilty would face the full wrath of the law.
While noting that the commission was working tirelessly to nairalise the economy, as the widespread use of foreign currencies was detrimental to the country’s economic growth,
Oyewale said: “It is a crime to reject the naira. If there’s nothing wrong with the naira, maybe it’s dirty and not mint, and you reject it; it is a crime.
“The naira is the symbol of our economy. We are a sovereign nation, with our own territorial integrity, so, whatever is within the ambit of our economy and every transaction in Nigeria must be done in naira.”
EFCC offers 5% reward to whistleblower in naira abuse case
News
Executive Order: NAFDAC praises Tinubu for advancing drug and health security
Executive Order: NAFDAC praises Tinubu for advancing drug and health security
The National Agency for Food and Drug Administration and Control (NAFDAC) has lauded President Bola Ahmed Tinubu for signing an executive order to strengthen drug and health security in Nigeria.
In a statement on Saturday, NAFDAC Director-General Prof. Moji Adeyeye highlighted that the executive order is designed to transform Nigeria’s health sector. The order focuses on increasing local production of healthcare products, reducing healthcare equipment and consumables costs, and promoting local investments.
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Prof. Adeyeye emphasized that this move paves the way for a sustainable and high-quality healthcare system for all Nigerians. She noted that the executive order demonstrates the administration’s dedication to transforming the health sector and aligns with the Nigeria Health Sector Renewal Investment Initiative (NHSRII) and the Presidential Initiative on Healthcare Value Chain (PVAC), which was approved in October 2023.
Prof. Adeyeye also mentioned that NAFDAC has been implementing measures to enhance the local manufacturing of drugs and other health commodities over the past six years. She stated that the Tinubu administration has created an environment where local manufacturers can excel and compete effectively.
Executive Order: NAFDAC praises Tinubu for advancing drug and health security
News
Food Security: Saudi Arabia plans farm equipment manufacturing plants in Nigeria
Food Security: Saudi Arabia plans farm equipment manufacturing plants in Nigeria
Senator Abubakar Kyari, the Minister of Agriculture, announced that Saudi Arabia has shown interest in establishing manufacturing plants in Nigeria for farming equipment.
Kyari disclosed this in a statement on his Twitter account on Saturday following a meeting with stakeholders from the Middle Eastern state. He highlighted that the objective is to enhance Nigeria’s agricultural sector through mechanization by locating these plants within the country.
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Additionally, Kyari mentioned that Saudi Arabia has committed to purchasing 200,000 metric tons of red meat annually from Nigeria and one million tons of soya. He emphasized that this initiative will bolster the agricultural sector and the nation’s production capacity.
News
Release Nnamdi Kanu now, Peter Obi urges FG
Release Nnamdi Kanu now, Peter Obi urges FG
The presidential candidate of the Labour Party in the last general election, Peter Obi, has called on the Federal government to release Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB).
Speaking to journalists at his residence in Onitsha, Anambra State, Obi described Nigeria as being on the brink of failure and emphasized the importance of upholding the rule of law. He called on the Federal government to release Nnamdi Kanu promptly, citing court rulings that granted him bail.
“My take on Nnamdi Kanu is that I don’t see any reason for his continued detention, especially as the courts have granted him bail. The government must obey the court. The rule of law is an intricate asset that we must cherish and live with. I use this same opportunity to plead with the federal government to ensure that all those who are in similar conditions are released and discussed. We are in a democracy, and we should not be doing things that are arbitrary and not within the law.
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I want to use this opportunity to say that all those who are being held because of one protest or the other should be released. Whether it is freedom fighters, End Sars protesters, or even because of freedom of speech, be it journalists, let them all be released immediately.
We are a democratic country, and people have rights under the constitution to express themselves freely. They also have the right to peaceful protest, and we must listen to them. We must listen to those who say they are not happy, that is why it is a democracy. We should stop acting dictatorial and behave as if this is not a democratic country.” he said
Release Nnamdi Kanu now, Peter Obi urges FG
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