Naira redesign senseless, plot by CBN to scuttle 2023 general elections - Oshiomhole – Newstrends
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Naira redesign senseless, plot by CBN to scuttle 2023 general elections – Oshiomhole

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Former chairman of the All Progressives Congress (APC), Adams Oshiomhole

Former chairman of the All Progressives Congress (APC), Adams Oshiomhole has accused the Central Bank of Nigeria (CBN) of deceiving President Muhammadu Buhari over the redesign of the naira notes.

Buhari last year approved the redesign of the N1,000, N500, and N200 notes. The move, has, however, created hardship among Nigerians who battle to lay hands on the new notes as the February 10th deadline for the currency swap inches closer. In the wake of the naira swap crisis, the CBN maintained it won’t extend the deadline.

But Oshiomhole has faulted the policy, describing it as senseless and a plot by the apex bank to scuttle the general elections. According to him, the bank sold an anti-corruption motive to the President which made him approve the policy.

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“So, I can guess – I was not there – that in obtaining the approval, I believe the CBN deceived the President by amplifying the need to have corruption-free electioneering as if election is the only project this President has a responsibility for,” he said during an interview on Channels Television’s The 2023 Verdict on Sunday.

The APC chieftain claims the CBN is pursuing another agenda with the currency redesign.

He claimed that the CBN sold to the President that a redesigning of the naira notes would curb vote buying and thus catch corrupt politicians off guard.

“The President Buhari that I know will have no difficulty in agreeing,” he said, arguing that the CBN governor Godwin Emefiele “knows better than that”.

Away from this, Oshiomhole claimed the apex bank had other motives.

“You could see that the intention of the Bank is not to eliminate abuses but to stop the elections from taking place,” he said.

According to him, the move was meant to cause unrest, shift the government’s attention and ultimately make the ruling All Progressives Congress (APC) lose the elections.

“If you have riots like you had in Ibadan and Benin – I don’t know anywhere else – and they were taking place simultaneously, and you are now dealing with the issue of protecting lives and properties, will elections become a priority?” the APC chieftain quizzed.

“So, it is in that context that whoever scuttles the elections would have scuttled the chances of the APC winning the election.”

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Police nab fake inspector, recover stolen cars

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Rivers State Police Commissioner, Olatunji Dosu

Police nab fake inspector, recover stolen cars

Operatives of the Rivers State Police Command have arrested a fake Inspector who engages in armed robbery and car snatching, among other crimes. 

This was disclosed by the Rivers State Police Commissioner, Olatunji Dosu while parading the suspect among other suspected criminals on Wednesday.

According to the Dosu, Monday Igbali, the fake inspector, was a former sergeant who was dismissed after being charged in a kidnapping case in 2021.

He noted that three fancy cars were recovered from Igbali, who runs a gang of five criminals.

Dosu states, “The command commenced an investigation in response to a report filed on August 11, 2023, by one Fibika Kingsley that his Lexus EX330 had been stolen at gunpoint along Agip Road by five gunmen.’’

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“The investigations led to the arrest of one Monday Igbali, aged 43, a native of Okwuzi in the Ogba/Egbema/Ndoni LGA of Rivers State.

“He is a former police sergeant who was dismissed after being indicted in a kidnapping case in 2021.

“Since his dismissal, he has continued to parade himself as a police officer, even claiming to be an Inspector of Police, a rank he did not attain before his dismissal.

“He works with a gang of five, with four gang members still at large.

“He has robbed a total of nine cars and sold them for between N1.3m and N2.5m each. He was arrested on March 8, 2024, at his home in Chokocho, Etche, after the police conducted due surveillance following investigations.

“We have recovered three cars from him: a Lexus 330, a Lexus IS250, and a Toyota Highlander.”

Police nab fake inspector, recover stolen cars

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Breaking: Military releases FirstNews editor, Segun Olatunji

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Breaking: Military releases FirstNews editor, Segun Olatunji

The military has finally released Segun Olatunji, editor of FirstNews, who has been in their custody since March 15.

Olatunji was released on Thursday to Nigerian Guild of Editors (NGE) General Secretary Iyobosa Uwugiaren and The Nation Deputy Editor Yomi Odunuga under a bridge in Asokoro, Abuja.

It was also learnt that the documents for his release were signed inside a security vehicle with heavily armed operatives.

The security agents were said to be masked and the number plates of their vehicles covered up.

The editor was abducted by armed men in his home in Iyana Odo, Abule Egba area of Lagos, on March 15.

His family members were kept in the dark on his whereabouts and why he was arrested.

Several groups, including the Nigeria Union of Journalists (NUJ), the Nigerian Guild of Editors, almost daily mounted pressure on the government for Olatunji’s release.

On Wednesday, the Nigerian chapter of the International Press Institute said the journalist was in the custody of the Defence Intelligence Agency (DIA).

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BREAKING: Court orders military to release 313 suspected terrorists

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BREAKING: Court orders military to release 313 suspected terrorists

A Federal High Court in Borno State has ordered the release of at least 313 suspected terrorists detained by the military.

The court ordered their release due to a lack of evidence to charge the suspects after the investigation.

Maj. Gen. Buba Edward, the Director of Defence Media Operations, announced this during the operational briefing on Thursday in Abuja.

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He said, “The court ordered the release for want of evidence after the conclusion of investigation and other ancillary matters.

“Accordingly, they would be handed over to the Borno State Government for further action.”

BREAKING: Court orders military to release 313 suspected terrorists

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