Negotiation ongoing for release of abducted Greenfied varsity students – Gumi – Newstrends
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Negotiation ongoing for release of abducted Greenfied varsity students – Gumi

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Popular Islamic scholar, Sheikh Ahmad Gumi, says negotiations are ongoing with kidnappers of Greenfield University students and expresses the hope that the remaining 16 abducted students will be released.

He said the abductors were holding back on their threat to kill the undergraduates unless N100m ransom was paid because of the negotiations.

The Islamic scholar spoke with reporters in Kaduna after receiving parents of the freed students of the Federal College of Forestry Mechanisation, Afaka, who came to thank him.

He said, “Talk is ongoing with Greenfield University students’ abductors. You know they threatened to kill all of them after a particular deadline, but after talking to them, they are now lowering their bar.

“So, we are thankful they have stopped killing. And we are still negotiating with them. I hope this Afaka case will also encourage them to know that there is hope in negotiation and release the children.”

On his role in securing the release of the 27 Afaka students, Gumi said, “The role I and former President Olusegun Obasanjo played is that of mediators because the fight is not between us and them, but between the bandits and the government.

“What we understand is that these people are trying to attack the government by attacking the institutions and take innocent children.

“Having understood that, we concluded that this is not a hopeless situation; we can go in and negotiate for the release of these children, which we did after so many ups and downs.

“But in the long run, a conclusion was reached and these children are out. So, we are happy that all of them are out and none was killed.”

Gumi did not however confirm whether there was a swap deal.

He said, “I cannot confirm that, but I can quote the Governor of Kaduna State when the children of Chibok were kidnapped by Boko Haram.

“He said it is the duty of the government to use whatever means possible to save the lives of Chibok girls.

“This is a general rule that life is more precious. Now, I am happy that 27 lives have been saved.”

Parents of the 27 Afaka students are yet to be reunited with them after 57 days in captivity.

The reunion was postponed from Thursday till Friday (today).

A statement by the parents signed by Malam Abdullahi Usman and Catherine  Saleh thanked God and all those who were instrumental to the release of their children.

 

The statement read in part, “It is pertinent for us to effect an important correction on the number of the released students. They are 27, not 29, as reported by some media.

“The total abducted students were 39, out of which two escaped not long after the abduction. Ten were released in two batches of five each, leaving the remaining 27, who were released Wednesday, 56 days after their abduction.

“We, as parents, made several efforts to secure the release of the students. We even took our peaceful march to the National Assembly on Tuesday, presented our plight and prayed for the intervention of the lawmakers in securing the release of our children.

“We are grateful that we did not leave any stone unturned on the path to where we have arrived today.

“The 27 released students were received at a location in Kidanda, Giwa Local Government, and conveyed to Kaduna. On arrival in Kaduna, they were taken to the Police College Clinic for a medical checkup.

“We extend profound gratitude to all Nigerians and lovers of humanity at home and abroad who showed up and showed out in solidarity as we went through the dark horrendous period of waiting and hoping for the return of our children.

“We are unable to thank nearly enough everyone who stood by us and for the sacrifices you made in your various capacities financially, morally, spiritually and otherwise.

“We most especially register our immense gratitude to former Presidents Olusegun Obasanjo, and Abubakar Abdulsalami, Sheikh Ahmad Abubakar Mahmud Gumi, and the Provost of the College, Dr Usman, for the various roles they played in securing the release of our children.

“We call on the government to get more serious and to aggressively pursue safe schooling as a pertinent agenda to give parents the confidence to send their children to school.

“If the schools remain as security porous as they are now, many may not find it worth the trouble to enroll their children in schools anymore.”

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Ondo SSG Oluwatuyi dies weeks after surviving auto crash

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Ondo SSG Oluwatuyi dies weeks after surviving auto crash

Secretary to the Ondo State Government, Tayo Oluwatuyi, has died few weeks after he survived an auto crash.

Oluwatuyi, popularly known as ‘Tukana, was said to be receiving treatment in a hospital Akure before he died.

A statement by the Ondo State Commissioner for Information and Orientation, Wale Akinlosotu, said Oluwatuyi passed away on Saturday.

The statement read, “It is with profound sadness that the Government of Ondo State announces the passing of Hon. Temitayo Oluwatuyi, Secretary to the State Government, on January 4, 2025.

“He was involved in a ghastly car accident on Sunday, 15th December 2024, while travelling to Ibadan and was subsequently hospitalised.

“Hon. Oluwatuyi was a dedicated public servant whose unwavering commitment to administrative coordination, policy advisory, and implementation had a significant impact on Ondo State.

“He served with distinction and played a crucial role in the state government, working closely with the Governor and other top officials of Ministries, Departments and Agencies (MDAs).

“Having served the government in various capacities, including as Chairman of Akure South Local Government, Commissioner and twice as SSG, Hon. Oluwatuyi will forever be remembered for his invaluable contributions to the development of Ondo State.

“The Government of Ondo State extends its deepest condolences to the Oluwatuyi family of Akure, friends, and associates during this difficult time.”

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Your assessment misleading, APC tackles Obi over socio-economic situations

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Peter Obi and Felix Morka

Your assessment misleading, APC tackles Obi over socio-economic situations

One-time Anambra State Governor Peter Obi came under a scathing criticism yesterday from the ruling All Progressives Congress (APC) over his assessment of the security and economic situation of the country.

At a news conference, Obi disagreed with the claims of President Bola Ahmed Tinubu in his New Year Day address which chronicled the feats attained by the APC-led administration.

Obi alleged that the political, economic and security situations in the country have worsened under the incumbent administration.

But the APC, through its National Publicity Secretary, Felix Morka carpeted Obi, describing his assessment as jaundiced, misleading and an attempt to score cheap political points.

In a statement, Morka put a lie to Obi’s claims.

He noted that Obi’s assessment was at variance with all indicators that showed that the nation’s economy is rebounding in significant measure across all sectors.

Dismissing Obi’s claims, Morka said: “While Nigerians celebrated the New Year with hope for a more glorious 2025, Peter Obi, former Governor of Anambra State and former presidential candidate of the Labour Party (LP) in the 2023 general elections, was seemingly stuck in replay of his jangling, gloom-ridden wish-list for our country.

“Obi’s new year message, in which he claimed that the political, economic and security situation of our dear country is worsening daily, is misleading and appears intended to score cheap political points.

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“This claim, at a time when all indicators show that our country is rebounding in significant measure across all sectors, casts Obi, squarely, as Nigeria’s leading doomsayer.”

Morka, who reeled out the achievements of the APC-led administration, said: “In reality, 18 months later, the economy under President Bola Ahmed Tinubu’s administration, has showed steady record of progress.”

He listed the landmarks as:

The ruling party further argued: “Despite these and other initial beneficial outcomes of ongoing unprecedented reforms, the administration is doubling its effort to ensuring that the reforms deliver their fullest benefits for the sustainable growth and transformation of our country.”

The ruling party said that the Presidential New Year message acknowledged that the “cost of food and essential drugs remained a significant concern for many Nigerian households. And to reverse this trend, Mr. President assured that his administration was committed to lowering food prices by boosting food production and promoting local production of drugs.”

The party also highlighted Tinubu’s resolve to crash the current inflation rate from 34 per cent to 15 per cent in the course of this fiscal year as a move to addressing the threat inflation poses to the country’s economy.

The statement further reads: “With the vigour in the administration’s war on corruption, evidenced by ongoing investigations and trial of  well-heeled Nigerians, Obi’s pontification on the urgent need to tame corruption is a clear case  of carrying coal to Newcastle.”

Faulting Obi, the party said: “It is a thing of irony that Peter Obi, who now arrogates to himself to be omniscient and philosopher’s stone, when it comes to our nation’s challenges, left no record of significant achievement, let alone transformation of any kind, in his eight-year tenure as Governor of Anambra State.

“Like his co-travellers in the Peoples Democratic Party (PDP), Obi’s obsessive pessimism and endless but futile effort to incite public outrage against the administration is borne out of their realisation that President Tinubu is unwittingly cementing their ultimate political irrelevance by his visionary and full-throttle reform and transformation of the fundamental pillars of our national life.”

Appealing for citizens’ support and patience, the APC spokesman assured Nigerians that “under the banner of the Renewed Hope Agenda (RHA), President Tinubu is dutifully turning our nation’s fortunes around.

“He (Tinubu) deserves the support  and patience of Nigerians in order to consolidate on the deep economic foundation he has laid, and deliver a vibrant, prosperous new Nigeria for the good of all.  We urge Nigerians to remain confident of better days ahead.”

Your assessment misleading, APC tackles Obi over socio-economic situations

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Currency in circulation now N4.8tn – CBN report

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Currency in circulation now N4.8tn – CBN report

Currency in circulation has reached an all-time high of N4.8 trillion as of November 2024, recording over seven per cent increase from the previous month.

Also, currency outside banks grew significantly in the same month hitting an all-time high of N4.6 trillion from the N4.2 trillion in the month of October.

These figures were contained in the money and credit supply data from the Central Bank of Nigeria (CBN).

The currency in circulation is the amount of cash–in the form of paper notes or coins–within a country that is physically used to conduct transactions between consumers and businesses.

It represents the money that has been issued by the country’s monetary authority, minus cash that has been removed from the system.

Similarly, currency outside a bank refers to cash held by individuals, businesses and other entities that is not stored in banks.

The currency outside the bank represents about 96 per cent of the currency in circulation.

Nigerians have in recent times been facing acute cash shortage with banks limiting daily withdrawal at Automated Teller Machines (ATMs) to N20,000 irrespective of the number of accounts held by an account owner.

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According to the latest data, the currency in circulation grew by seven per cent to reach 4,878,125.22 from 4,549,217.51 in October.

Currency in circulation has grown steadily in the outgoing year 2024 with over one trillion naira added to cash in circulation after starting the year with N3.65 trillion in January.

In February, the currency in circulation slightly increased to N3.69 trillion representing an increase of N43 billion or 1.18 per cent from the January figure.

March also saw an appreciable increase to N3.87 trillion while it further increased to N3.92 trillion in the following month of April.

The growth trajectory continued in May with the currency in circulation increasing slightly to N3.97 trillion, an increase of N42 billion or 1.07 per cent while it reached an all-time high of 4.04 trillion, an increase of 2.11 per cent from May.

The July figure also rose marginally with the currency in circulation settling for N4.05 trillion before growing to N4.14 trillion in August and N4.43 trillion in September and N4.5 trillion in October.

In the same vein, currency outside banks grew from N4.2 trillion in October to N4.6 trillion in November, showing increasing preference for other means of storing outside bank deposits.

Economist, Dr. Paul Alaje attributed the development to the expanding money supply, adding, “Money supply is expanding but this may not necessarily be in cash. As it is expanding, it will necessarily induce inflation. But you can’t blame the people. People must look for money. How much was bottled water last year, how much is it today? All of this will induce inflation. If you now ask, what is the cause of inflation? Is it money supply itself or a devaluation policy? It is a devaluation policy. Money supply is an offshoot. So the Central Bank is raising interest rates to actually reduce money supply but the more they try the more money supply expands.”

He stated that the floatation policy of the CBN has created inflation, adding, “It is like chasing one’s tail and I don’t know if you are going to catch it.”

Currency in circulation now N4.8tn – CBN report

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