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We will review ways of dealing with security challenges – Osinbajo

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Vice President Yemi Osinbajo says the Federal Government will change its security strategies to combat the rising wave of killings in the North and deal speedily with other forms of security challenges in the country.

He spoke on Tuesday in Lafia where he was conferred with a traditional title by Emir of Lafia, Hon. Justice Sidi Bage Muhammad I, who described him as a man of integrity.

Osinbajo was on a one-day official tour of Nasarawa for the inauguration of the Nasarawa State Infectious Diseases, Diagnosis and Research Centre as well as the opening of a Job Fair for Employability and Entrepreneurship Programme for Nasarawa State Youths.

Speaking with journalists on arrival in the city, the VP said the security situation in Nigeria could not be tackled using the conventional methods.

He added that this was why the President said new ways of dealing with the situation were being explored.

The VP also called for more intelligence gathering, especially at the local level.

He also spoke on the Boko Haram killings in Borno on Saturday, saying, “I think it is an enormous tragedy; a horrible tragedy. It is made worse of course by the sheer fact that as the President said, a group of people could so insanely and in such a dastard manner kill innocent people; people who were going to their farms to work.

“I spoke to Governor Babagana Zulum as well as the former governor, Senator Kashim Shettima, right after the incident to express my condolence but more importantly to try and think through ways of dealing with this kind of random incident.”

He said there was an ongoing effort to rejig the security architecture.

“I think it is important to understand also that the conventional means of dealing with some of these issues; the conventional means of dealing with this security type of challenges especially the randomness is probably to keep reviewing it, which is why the President has said that he is taking a serious look at how to deal with these issues especially around the randomness and some insane person goes into a place and kill people, that is not the sort of thing you are prepared for conventionally.

“So we have to do a lot more local intelligence which is some of the community policing efforts we are planning so that information supplied faster especially at the local level and then reaction will be possible.

“But it is a major tragedy; it is a very unfortunate thing and our hearts are with the families of the farmers who were killed in such a terrible way. But we are confident and the Federal Government will continue to do everything especially in terms of trying to ensure security in the North-East and all over Nigeria.”

Osinbajo during a courtesy call on the Emir of Lafia, was conferred with the traditional title of Madugu Jihan Nasarawa, which translates to leader and captain of Nasarawa.

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JUST IN: Old naira: IMF asks FG, CBN to extend February 10 deadline

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The International Monetary Fund (IMF) has called for the extension of the February 10 deadline to phase out the old naira notes.

The International monetary body made the call just after the Supreme Court had restrained the Federal Government and Central Bank of Nigeria(CBN) from enforcing the deadline.

The IMF, in a statement in Abuja on Wednesday by Laraba Bonet, said the plea was on the hardship Nigerians were exposed to over the issue.

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It said: “in light of hardships caused by disruptions to trade and payments due to the shortage of new bank notes available to the public, in spite of measures introduced by the CBN to mitigate the challenges in the banknote swap process, the IMF encourages the CBN to consider extending the deadline should problems persist  in the next few days leading up to the February 10, 2023 deadline”.

The IMF is the first international financial organisation to openly call for extension of the deadline for the deposit of old Naira notes.

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Cash crunch: Protesters defy police in Abeokuta, make bonfires on major roads

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Residents of Abeokuta, Ogun State, took to the streets on Tuesday protesting the scarcity of cash and the attendant pains.

Major streets affected by the protests are Aladesanmi, Fajol and Somorin in Obantoko area of Abeokuta as the protesters made bonfires and chanted anti-CBN songs
The Sapon branch of First Bank was also vandalised and the protesters tried to set it ablaze.
Ogun Police spokesman, Abimbola Oyeyemi, confirmed the protest, saying police officers were on the ground to monitor the situation and prevent the destruction of property and loss of lives.
He said some group of boys were involved in the crisis.
The police later came to disperse the protesters but they regrouped as soon as the operatives withdrew from the scene.
The situation affected vehicular movement as motorists and pedestrians ran in different directions to avert being caught up in the chaotic situation.

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Court frees Diezani associate Omokore of $1.6bn fraud

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An Abuja federal high court on Tuesday discharged and acquitted Jide Omokore, chairman of Atlantic Energy Drilling Concepts Nigeria Limited, of $1.6bn fraud allegations.

Omokore, an associate of former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, was arraigned by the Economic and Financial Crimes Commission (EFCC) with Victor Briggs, Abiye Membere, and David Mbanefo on a 15-count charge on July 4, 2016.

They were accused of fraudulently diverting the $1.6bn said to be part of proceeds of sales of petroleum products belonging to the Federal Government.

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