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Pregnant woman dies in Kaduna over naira scarcity

Published

1 year ago

February 13, 2023

A pregnant woman

A heavily pregnant woman in Kasuwan Magani, Kajuru Local Government Area of Kaduna State, lost her life due to the unavailability of the new naira notes in banks.

James Auta, the deceased’s husband, said his wife was rejected by the hospital when he could not make the payment due to failure to access cash in his bank and Point of Sale (POS) channels.

The incident happened early this month after Auta’s wife went into labour but was rejected, simply because her husband couldn’t make a payment due to naira scarcity.

It was gathered that the woman died at home after giving birth but continued to bleed. The incident caused concerns across the state as patients and their family members found it difficult to make payments to access treatments due to the naira shortage.

Daily Trust reports that the extended deadline to phase out the old notes was Friday, 10 February. However, the Supreme Court gave an order restraining the Central Bank of Nigeria (CBN) from enforcing the deadline for the phasing out of the N200, N500 and N1,000 notes, pending the hearing of a lawsuit brought by three northern states challenging the new currency redesign. It adjourned that hearing until 15 February.

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The Attorney-General of the Federation, Abubakar Malami, is challenging that interim ruling by the Supreme Court and the central bank has not spoken on how it intends to comply with the ruling, thus leaving Nigerians confused.

President Muhammadu Buhari held an emergency meeting of the National Council of State on Friday to discuss crucial issues affecting the country including the currency crisis. However, Mr Buhari has not taken a decision on the cash crunch.

Parts of Nigeria have descended into chaos as frustrated Nigerians besieged ATM units in a bid to access their own money.

Violent protests have been recorded in parts of the country, including in Ogun, Oyo and Akwa Ibom in the country’s south, and social media is awash with lamentations of suffering Nigerians, who are not able to access their funds for transactions.

Meanwhile, the CBN has said that the Nigerian Security Printing and Minting Company Plc (NSPMC), has the capacity and enough materials to produce the required indent of the naira notes.

The apex bank also said that it was working to increase the circulation of the new notes across the country

The apex bank’s Director of Corporate Communications, Osita Nwasinobi, in a statement dated Friday but released on Saturday, said such reports about the Mint’s capacity to print the required banknotes that were credited to the governor of the bank, Godwin Emefiele, were not true as he was misquoted.

A medium had quoted Emefiele as admitting that the Mint did not have enough materials to print the new notes and that accounted for the current scarcity.

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“The Mint has run out of papers to print N500 and 1,000 notes. They have placed orders with a German firm and De La Rue of the UK (for papers) but they have been placed on a long waiting list, so their orders cannot be met now.

“The Mint had received CBN’s request to print 70million copies of the new notes, totalling N126billion to be pumped into circulation by today (yesterday), The Mint doesn’t have the capacity,” the CBN governor was quoted as saying.

But, Nwasinobi said at no time did the CBN governor make such a statement during his presentation to the National Council of State at its meeting on Friday.

He said, “For the records, what Mr Emefiele told the meeting was that the NSPMC was working on printing all denominations of the naira to meet the transaction needs of Nigerians.

“While the CBN appreciates the concerns shown by all stakeholders about the distribution of the naira, we are alarmed at the extent to which vested interests are attempting to manipulate facts and pit the public against the bank.”

Nwasinobi also said the CBN remained committed to performing its monetary policy functions as stipulated in the CBN Act, 2007 (as amended).

He added, “We also wish to restate that the NSPMC has the capacity and enough materials to produce the required indent of the naira.

“The bank, therefore, wishes to appeal to the public to disregard the said reports and exercise more restraint, even as we work assiduously to increase the circulation of the new notes in the country.”

On a particular voice note trending on social media alleging that the CBN planned to shut down some banks, particularly in a geopolitical region of the country, the CBN director said there was no such plan and that the claims were illogical and did not comply with the workings of the banking system.

Related Topics:Naira Scarcity pregnant woman

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IPOB declares sit-at-home May 30 to honour Biafra heroes

Published

13 mins ago

May 2, 2024

Trends Admin

Indigenous People of Biafra, IPOB

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

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Court sends tenant to prison for setting landlord’s house on fire

Published

55 mins ago

May 2, 2024

Trends Admin

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