AFOLABI

AFOLABI

Folashodun Shonubi, a former acting Governor of the Central Bank of Nigeria, CBN, has disclosed that the redesigned naira notes released by the apex bank under the leadership of Godwin Emefiele was different from what former President Muhammadu Buhari approved.

Shonubi disclosed this while appearing before Justice Maryann Anenih of the Federal Capital Territory High Court in Maitama, Abuja.

The Deputy Governor of Operations informed the court that Emefiele had claimed that there were intrigues and politics involved in the naira redesign exercise.

While responding to questions from Emefiele’s lawyer, Olalekan Ojo, SAN, Shonubi said the late 2022 naira redesign exercise, ahead of the 2023 general elections, was fraught with politics.

“The currency redesign of 2022 was the only one I was part of. When we had meetings with the defendant (Emefiele), he said there were politics and intrigues around the whole exercise,”
Shonubi stated.


He informed the court that the former CBN governor presented a document during one of the CBN’s Committee of Governors’ meetings, which contained the signature of the President.

Shonubi also revealed that the redesigned naira notes produced by the CBN under Emefiele were not the same as what was approved by the President.

“The CBN, under Emefiele, produced something different from what former President Muhammadu Buhari approved,”
he said.

The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane has lamented over the country's food inflation.
 
According to him, while the prices of other food commodities have recorded a minimal drop in the last few days, market prices of beans have significantly gone up.
 
Rewane stated this on Channels Television’s Business Morning segment of Sunrise Daily breakfast programme on Thursday.
 
“We’ve seen onions come down sharply to N115,000, and rice has also come down to N110,000; it was as high as N120,000. The commodity that is surprising to everybody is beans; beans has gone out of storage and out of reach,” he said.
 
 
According to market checks by our correspondent, traders sold a paint rubber of beans for N13,000 and a derica of the commodity for N3,000 while a bag of beans goes for as high as N180,000.
 
The economist attributed the hike in beans’ prices to recent flooding which ravaged food-producing states like Borno, Bauchi, and Sokoto, amongst others.
 
“Flooding has destroyed a lot of goods,” Rewane said, adding that the costs of moving agricultural produce from farms to the markets have also gone up due to a recent hike in petrol prices — from around N600 to about N1,000 per litre.
 
The economist predicted that food inflation would increase in the coming weeks but was optimistic that duty waivers on expected imported commodities would moderate prices.
 
“For now, despite everything, we think that inflation will still increase. Food inflation in particular will increase; headline inflation will increase to 34% but this is only temporary. When the imported commodities that we are going to enjoy the duty waivers come into the country, those prices will start to reduce,” Rewane said.
 
On October 1, 2024. President Bola Tinubu said his administration is focused on restoring peace to the troubled parts of the North so that farmers displaced by bandits and kidnapping can return to their farmlands and increase food production.
 
“We expect to see a leap in food production and a downward spiral in food costs. I promise you, we shall not falter on this,” Tinubu said on Tuesday during his 2024 Anniversary Broadcast on the occassion of Nigeria’s 64th Independence Day Anniversary.
 
Nigeria is battling one of its worst economic crises in recent times, with rising living and energy costs, sparked by the twin policies of the government’s removal of petrol subsidy and unification of the foreign exchange windows in May 2023.
 
In August, aggrieved youths protested hunger and economic hardship for the first 10 days of the month. The country’s inflation stood at 32.15% in August, according to the latest data from the National Bureau of State Statistics (NBS).
 
The NBS said the food inflation rate in August 2024 was 37.52% on a year-on-year basis, which was 8.18% points higher compared to the rate recorded in August 2023 (29.34%).
 
It attributed the rise in food inflation on a year-on-year basis to increases in prices of bread, maize, grains, guinea corn, bread, cereals yam, Irish potatoes, water yam, cassava tuber, palm oil, and vegetable oil, among others.
 
The Tinubu administration alongside governors in the 36 states has rolled out some palliative measures but Nigerians continue to be lamentably hurt by the severe impact of inflation as the prices of food commodities and basic products multiply uncontrollably.

French tactician, Hervé Renard, has revealed that he came close to becoming the head coach of Nigeria’s Super Eagles.

Renard, who has enjoyed stints at Ivory Coast and Zambia, disclosed that he was approached by the Nigeria Football Federation following the unexpected exit of Finidi George in May.

His name was heavily touted as a replacement before talks with German Bruno Labbadia fell through, leaving the Super Eagles in limbo.

Renard shared that the NFF’s offer was the most lucrative he had received, but after much deliberation, he decided to decline.

 

“I almost went to Nigeria. I weighed the pros and cons for a few days, even weeks, before eventually turning it down. It was the best offer I’ve had so far, but it didn’t suit me in the end,” Renard told French outlet L’Équipe, as reported by Brila FM.

Meanwhile, interim coach Augustine Eguavoen, who has been tasked with leading the team through the upcoming 2025 AFCON qualifiers against Libya, has hinted at the conditions that could see him take on the job full-time.

 

Eguavoen outlined that any consideration for a permanent role would require a long-term contract, along with patience and consistent backing from the football body.

 

“The Super Eagles job isn’t one you take lightly. If I were to take it permanently, I’d need to sit down, reflect, and think deeply because it’s not a small task.

“It’s going to be tough. I’d need a long-term contract, patience, and clauses in the deal because you don’t win every day. It takes time to build a team,” Eguavoen told Brila FM.

Eguavoen, who has had three previous stints as head coach, lamented that he was never given enough time to truly implement his vision for the team.

“In 2006, I was in charge for six months. Every other time, it was just two months or two to three games. Clemens Westerhof had five years. Gernot Rohr had six years. They got time, but I never had two straight years,” he noted.

He reiterated that to succeed as the substantive coach, he would need long-term assurances, contractual clauses, and a show of confidence from the NFF.

Nigeria is winning the war against terror and banditry, the Minister of Information and National Orientation, Mohammed Idris, said.

 
 

He said this at the opening ceremony of the News Agency of Nigeria’s first Annual International Lecture on Thursday in Abuja.

”Our target is to eliminate all the threats of Boko Haram, banditry, kidnapping for ransom, and the scourge of all forms of violent extremism. Within one year, our government has eliminated Boko Haram and bandit commanders faster than ever.

“As of the last count, over 300 Boko Haram and bandit commanders have been eliminated by our gallant troops in the North-East, North-West, and some other parts of the country,” the minister explained.

Mr Idris added, “Indeed, this quote from President Booa Tonibu has amplified the resolve and determination of this administration to address the security challenges confronting us.

“By understanding the root causes, evaluating the impact on our territorial integrity, and implementing strategic policy measures, we can effectively address the challenges posed by this crisis.

“The task ahead is daunting, but with determination, collaboration, and a united effort, I am confident that we can safeguard Nigeria’s territorial integrity and contribute to the restoration of peace and stability in the Sahel region.”

The Sahel region, he said, has experienced instability and violence over the years, which has escalated to terrorism and other insecurity issues.

“The violence in the Sahel is not an isolated issue, and no single country can tackle it alone,” he said.

According to the minister, the federal government is tackling insecurity through intelligence gathering and other grassroots measures.

Mr Idris added that understanding the root causes of insecurity can lead to effectively managing and addressing the issues of insecurity.

He also mentioned that the lecture was timely and significant because it proffers deeply into the deep crisis in the Sahel and explores the strategies available based on the country’s security architecture.

(NAN)

Former Vice President Atiku Abubakar has said he proposed a single six-year tenure and the rotational presidency for Nigeria in a bid to advance democracy.

Naija News reported that Atiku, in his letter addressed to the National Assembly, appealed to the legislators to immediately commence constitutional alterations to accommodate a single six-year tenure and rotational presidency.

The former Peoples Democratic Party (PDP) presidential candidate’s letter was addressed to the Deputy President of the Senate and Chairman of the Senate Committee on Constitution Review, Senator Barau Jibrin, and dated August 30, 2024.

Explaining the reason for his proposal, the Special Adviser to Atiku on Media, Paul Ibe, said the former Vice President’s recommendations were to “advance the course of constitutional democracy in Nigeria, especially as the National Assembly continues its ongoing effort to revise the 1999 Constitution.

“These amendments seek to raise the standard of the educational qualification of political office seekers. An end to violent takeover of political parties and thereby strengthening internal structure of political parties.”

Ibe added that it would reduce the tendencies of political parties to breach the constitution and  electoral acts

Reducing the tendencies of political parties to breach the constitution, electoral act, rules and guidelines made thereunder, and the constitution of the political party

“The implication of the above is that political parties are allowed a very wide latitude to breach the perimeter of laws on elections.

“Such indiscipline by political parties and infidelity to the electoral parameters yield chaos in the system.

“The above amendments will enthrone the discipline that is needed in a democracy,” Ibe said.

The Africa Movie Academy Awards (AMAA) organisers, have announced the nominees for its 2024 edition, with Nollywood actor cum movie producer, Femi Adebayo, securing seven nominations.

The nomination list was released on Wednesday at a press briefing at the Sheraton Hotel in Ikeja, Lagos.

 

In partnership with the Lagos government, the 20th edition of AMAA is themed ‘Celebrating African Creativity’, and the award ceremony will be held on November 2 at the Balmoral Hall, Sheraton, Ikeja, Lagos.

While the Nigerian movie ‘The Weekend’, by Uche Okocha, clinched 16 nominations, Femi’s ‘Jagun Jagun’ secured seven nods.

See the full nominee list below:

1. Efere Ozako Award for Best Short Film

The Last Shoe Maker – Uganda
Seben – Mali
Dear Future Wife – South Africa
Isolated – Nigeria
Jolie – Angola
Strike A Blow And Die – Malawi
Don’t Call Me Beautiful – Ghana
Sins Of A Father – Zimbabwe/USA

2. Jubril Malaifia Award for Best Animation

Heavy crown – Libya
Counter punch – Kenya
Journey of the legend – Cameroon
Hadu – Nigeria
Between Paya and Koulou – Senegal
Oya (The goddess of gods) – Nigeria
Set Pieces – Sudan

3. Best Documentary

A Quand L’Afrique – Congo Brazzaville
The Night Still Smells of Gun Powder- Mozambique
The Return Train – Mali
Gateway To Dreams – Cameroon
Rainbow Nation – South Africa
Dela- The Making of EL-Anatsui – Nigeria
Donga – Libya
Rising Up At Night – DRC

4. Ousmane Sembene Award for Best Film in an African Language

Makula -Uganda
Jagun Jagun- Nigeria
The Queenstown Kings – South Africa
Kaka – Nigeria
Eskhalemi Sikantombella- South Africa
Unheard – Uganda
Out of Breath – Nigeria

5. Michael Anyiam Osigwe Award for Best Film by an African-Born Director Living Abroad

Out Of Breath – Nigeria/UK
Orah – Nigeria/Canada
Isolated – Nigeria/UK
Under The Hanging Tree- Namibia/UK
Kipkemboi – Nigeria/ Canada

6. Best Diaspora Short Film

The Neigbourhood Alert – USA
Bottled Up – Jamaica
The Golden Boy – USA

7. Best Diaspora Documentary

The Wu Tang Clan: Live at Red Rocks Amphitheatre – USA
A Rising Tide – USA
Colour – USA

8. Best Diaspora Narrative Feature

Outlaw Posse – USA
Mickey Hardaway-USA
Love After Holidays – USA

9. Best Achievement in Production Design

Orah
The Queenstown kings
The Weekend
Jagun Jagun
Kipkemboi
Makula
Out of breath

10. Best Achievement in Costume Design

The Beads
The Weekend
White and Black
Jagun Jagun
The Queenstown Kings
Mai Martaba
Out of Breath

11. Best Achievement in Make-Up

The Weekend
Nawi
Letters to Goddo
Out of Breath
Jagun Jagun
Anjola
White and Black

12. Best Achievement in Soundtrack

The Weekend
Under the Hanging Tree
The Queenstown Kings
Orah
Boda Love
Mojisola
Red Carpet

13. Best Achievement in Visual Effects

Kipkemboi
Jagun Jagun
Under The Hanging Tree
The Weekend
Bokwagter
Out of breath

14. Best Achievement in Sound

A Smile, A Wink and a Tear
The Weekend
Under the Hanging Tree
The Queenstown Kings
This is Lagos
Kipkemboi
Boda Love

15. Best Achievement in Cinematography

The Weekend
Nawi
Kipkemboi
Letters to Goddo
This is Lagos
The Queenstown Kings
A Smile, A Wink and A Tear

16. Best Achievement in Editing

Under The Hanging Tree
The Weekend
This is Lagos
Nawi
Kipkemboi
The Beads
Anjola

17. Best Achievement in Screenplay

Under The Hanging Tree
The Weekend
Letter To Goddo
This is Lagos
Boda Love
The Queenstown King
Out of Breath

18. National Film and Video Censors Board (NFVB) Award for Best Nigerian Film

The Weekend
This is Lagos
Afamefuna
Jagun Jagun
Mai Martaba
A Smile, A Wink and a Tear
Out of Breath

19. Best Young/Promising Actor

Michell Lemuya (Nawi)
Likhona Mgali (The Queenstown Kings)
Agape mngomezulu – Orah
William Dias – Bokwagter
Kofi Adu-Gyamfi -Tejiri
Ruby Akubueze – She
Fatima Muhammed – Mai Martaba

20. Best Actor in a Supporting Role

Sandile Mahlangu – The Queenstown Kings
Ochungo Benson – Nawi
Keppy Ekpeyong Bassey – The Weekend
Ikechukwu Onunaku -Afamefuna
Lucky Ejim – Orah
Solomon Fixon Owoo – Letters to Goddo
Femi Adebayo- Jagun Jagun

21. Best Actress in a Supporting Role

Meg Otanwa – The Weekend
Enhle Mbali Mlotshwa – The Queenstown Kings
Elsie Chidera Abang – Kipkemboi
Tessa Twala – The Queenstown Kings
Bukunmi Oluwashina – White and Black
Somkele Iyamah-Idhalamah – Orah
Chioma Akpotha – Mojisola

22. Best Actor in a Leading Role

Zolixa Xaluva – The Queenstown Kings
Gabriel Afolayan – This is Lagos
Duncan Murunyu Mungai – Boda Love
Nenesenor Abloso – Letters to Goddo
Bucci Franklyn – The Weekend
Femi Jacobs – Anjola
Chidi Mokeme – Out of Breath

23. Best Actress in a Leading Role

Girley Jazama – Under The Hanging Tree
Oyin Oladejo – Orah
Unati Faku – The Queenstown Kings
Uzoamaka Aniunoh – The Weekend
Laura Pepple – This is Lagos
Jackie Appiah -Red Carpet
Ife Irele- A Smile, A Wink and A Tear

24. First Debut Feature by a Director

Letters to Goddo – Harry Bentil
Rising Up At Night – Nelson Makengo
She – Seun Richards

25. Best Director

Daniel Emeke Oriahi – The Weekend
Kenneth Gyang – This Is Lagos
Jahmil X.T Qubeka – The Queenstown Kings
Perivi Katjavivi – Under The Hanging Tree
Lonzo Nzekwe – Orah
Harry Bentil – Letters To Goddo
Izu Ojukwu- A Smile, A Wink and A Tear

26. Best Film

Under The Hanging Tree
The Weekend
This is Lagos
A Smile, A Wink and A Tear
Orah
Letters to Goddo
The Queenstown Kings

Operatives of the Federal Capital Territory, FCT Police Command have arrested four criminal elements terrorizing the territory.

A statement on Thursday by the command’s spokesperson, SP Josephine Adeh said the suspects are notorious kidnappers responsible for several killings and kidnappings in the nation’s capital.

According to the statement, the criminals suspected to be bandits have “confessed their intending plans to attack some government institutions and estates within the FCT”.

 

Josephine Adeh identified the criminal elements as Yau Sani, a.k.a. Baba (an ex-convict), Nuhu, a.k.a. Giwa, Kabiru Mohammed, and Yusuf Hassan.

She said they were arrested at their criminal hideout in Sauka, Abuja “living within the general population”.

The suspects also confessed to being responsible for the killing of seven kidnap victims in the territory.

“These gangs have attacked Dakwa, Dawaki, Aco estate, Dupe Village, Zuma Rock, Kuchiko village and some villages in Niger and Kaduna”, she said.

“They also led Police operatives to another hideout in Gauraka Forest, Suleja, Niger State, where they dug out four (4) AK-47 rifles, thirteen (13) AK-47 magazines, one hundred and sixty-two (162) rounds of 7.6 mm live ammunition”, the statement added.

The Delta State Police Command has arrested two women, Tessi Ikechukwu and Lauretta Akomen, for allegedly stealing and selling a three day old baby for N2 million.

The police also rescued a three day baby from the suspects.

Delta State Police Public Relations Officer, SP Bright Edafe disclosed this in a statement on Thursday.

 

“On 1/10/2024, at about 1830hours, a tricycle rider (name withheld) came to Ekpan Police Station and reported that while he was on his daily commercial operation, four women boarded his tricycle, on reaching Efurrun Roundabout, two of them alighted from the tricycle.

“One of the two women who alighted handed over a newborn baby boy to the women left in his tricycle and he heard one of them saying ‘the balance has been paid’ while saying that when they get to their destination, they should inform her.

“The tricycle rider smartly diverted the two women, Tessi Ikechukwu and Lauretta Akomen, and the newborn baby to Ekpan Police Station.

“Preliminary investigation revealed that one of the suspects Lauretta Akomen, aged 38 years, bought the baby for the sum of N2 million from a traditional home located in Port Harcourt where they harbour teenage girls, and got men to have sex with them till they are pregnant after which they sell the babies to people looking for children.

“The suspect also revealed that she was given a drug which she took for some time to make her look pregnant. She later led the DPO CSP Aliyu Shaba and operatives to the house of one Gloria (surname unknown) who acted as an agent between her and the traditional home.

“Suspects are in custody while a manhunt for the other accomplices is ongoing,” the statement reads.

Meanwhile, the Delta State Commissioner of Police, CP Olufemi Abaniwonda, has thanked the tricycle rider for being a patriotic citizen, just as he urged others to emulate him.

The Nigerian National Petroleum Company Limited, NNPCL, has kept mum over the commencement of the petroleum products rollout from Port Harcourt Refinery after several missed deadlines.

This comes after the government-owned refinery with a combined 250 barrels per day failed to kick off petroleum products production in September 2024.

Recall that in August, the Chief Financial Officer of NNPCL, Umar Ajiya disclosed that Port Harcourt Refinery’s petroleum products would be for testing before it is supplied to the domestic market in September.

However, when the DAILY POST correspondent reached out to the spokesperson of NNPCL, Olufemi Soneye on Tuesday for an update, he did not respond.

DAILY POST observed that the Minister of State Petroleum (Oil), Heineken Lokpobiri has also kept mum.

However, Maire Tecnimont SpA, the contractor overseeing the rehabilitation of the refinery, said it would provide details on the project’s completion on or before October 2, Wednesday.

The contractor’s comment came through a law firm, Olajide Oyewole LLP, in response to a letter from a Senior Advocate of Nigeria, Femi Falana, who had inquired about the completion timeline for the refinery’s rehabilitation.

Earlier, the President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi confirmed to DAILY POST that work was in progress at the Port Harcourt Refinery.

He, however, failed to start when the petroleum products rollout will kick off.

Recall that in July, Mele Kyari, the Group Chief Executive Officer of NNPCL had announced that the refinery, with a combined capacity of 250 barrels per day, would commence operation in August.

Earlier, NNPCL had announced March and July 2024 dates for the commencement of the refinery after its mechanical completion in December last year.

There are indications among stakeholders that the coming on stream of the Dangote Refinery and Port Harcourt Refinery will reduce the price of petrol which currently stands at between N950 and N1,100 per litre.

Recall that upon the lifting of Dangote Petrol in September, NNPCL announced fresh petrol pump prices across its retail outlets nationwide.

The Bauchi State chapter of the Retired Police Officers Association of Nigeria (REPON) has disclosed that over 500 members have passed on while fighting for their retirement benefits.

REPON also lamented the delay of a proposed bill, submitted to the National Assembly since 2012, seeking the establishment of a police pension board.

Speaking at a press conference held in Bauchi, the Secretary of the chapter, retired ASP John Iliya, expressed frustration, stating, “We can no longer tolerate these empty promises.”

 

Iliya recalled that on May 21, 2024, members of the association protested at the National Assembly gate.

According to him, during the protest, Senator Ahmed Abdulkadir Mallam Madori, Chairman of the Senate Committee on Police Affairs, and his colleagues assured that their demands would be addressed by September 2024.

However, as of October 2, 2024, there had been no mention of the retired officers’ plight, particularly for those in Bauchi State.

Iliya warned that if their demands remain unmet, the association would be left with no choice but to stage another protest at the National Assembly.

He disclosed that one of the key demands of the association is the removal of the Nigeria Police Force from the Contributory Pension Scheme (CPS) and the establishment of a Police Pension Board. This, Iliya argued, would allow police retirees to manage their pensions independently.

He expressed disappointment that despite various meetings with House committees during their last recess, the Committee on Police Affairs had failed to address their concerns.

The association also criticized lawmakers for quickly passing the bill extending the tenure of the Inspector General of Police without public hearings, while the police retirees’ proposal remains neglected.

Iliya, therefore, called on the National Assembly’s Committee on Police Affairs to expedite the passage of the bill to avoid further protests by his members.