FEATURES
[#ICYMI] We will deliver Tinubu as your successor - APC govs tell Buhari
#Emefiele #ATMs #Benz #Camavinga #MasterP #Ajaokuta #Messi #DoyinOkupe #Tinubu #Deschamps #Apostle #Mourinho #Gabi
https://www.reubenabati.com.ng/index.php/component/k2/we-will-deliver-tinubu-as-your-successor-apc-govs-tell-buhari
[#ICYMI] PDP crisis: Fresh Atiku, G5 reconciliation bid suffers setback
#Emefiele #ATMs #Benz #Camavinga #MasterP #Ajaokuta #Messi #DoyinOkupe #Tinubu #Deschamps #Apostle #Mourinho #Gabi
https://www.reubenabati.com.ng/index.php/component/k2/pdp-crisis-fresh-atiku-g5-reconciliation-bid-suffers-setback
[#ICYMI] Why I Will Never Backs Same Faith Ticket – Dogara
#Emefiele #ATMs #Benz #Camavinga #MasterP #Ajaokuta #Messi #DoyinOkupe #Tinubu #Deschamps #Apostle #Mourinho #Gabi
https://www.reubenabati.com.ng/index.php/component/k2/why-i-will-never-backs-same-faith-ticket-dogara
[#ICYMI] Morocco, Croatia earned $25 million, $27 million - Qatar 2022 World Cup prize money breakdown
#Emefiele #ATMs #Benz #Camavinga #MasterP #Ajaokuta #Messi #DoyinOkupe #Tinubu #Deschamps #Apostle #Mourinho #Gabi
https://www.reubenabati.com.ng/index.php/component/k2/morocco-croatia-earned-25-million-27-million-qatar-2022-world-cup-prize-money-breakdown
[#ICYMI] [OPINION] Tinubu, Obaigbena feud: we are not deceived - Etim Etim
#Emefiele #ATMs #Benz #Camavinga #MasterP #Ajaokuta #Messi #DoyinOkupe #Tinubu #Deschamps #Apostle #Mourinho #Gabi
https://www.reubenabati.com.ng/index.php/component/k2/opinion-tinubu-obaigbena-feud-we-are-not-deceived-etim-etim
[#ICYMI] [OPINION] Buhari At 80: 12 Things Nigerians Need to Know - Garba Shehu
#Emefiele #ATMs #Benz #Camavinga #MasterP #Ajaokuta #Messi #DoyinOkupe #Tinubu #Deschamps #Apostle #Mourinho #Gabi
https://www.reubenabati.com.ng/index.php/component/k2/opinion-buhari-at-80-12-things-nigerians-need-to-know-garba-shehu
[#ICYMI] [OPINION] On Campaign Gaffes, Missiles and Banters - Simon Kolawole
#Emefiele #ATMs #Benz #Camavinga #MasterP #Ajaokuta #Messi #DoyinOkupe #Tinubu #Deschamps #Apostle #Mourinho #Gabi
https://www.reubenabati.com.ng/index.php/component/k2/opinion-on-campaign-gaffes-missiles-and-banters-simon-kolawole
[#ICYMI] 2023: Apologize to Nigerians instead of campaigning – Atiku to Tinubu, APC
#Emefiele #ATMs #Benz #Camavinga #MasterP #Ajaokuta #Messi #DoyinOkupe #Tinubu #Deschamps #Apostle #Mourinho #Gabi
https://www.reubenabati.com.ng/index.php/component/k2/2023-apologize-to-nigerians-instead-of-campaigning-atiku-to-tinubu-apc
[#ICYMI] [COMMENTS AND ISSUES] Public Disclaimer - Mike Ozekhome
#Emefiele #ATMs #Benz #Camavinga #MasterP #Ajaokuta #Messi #DoyinOkupe #Tinubu #Deschamps #Apostle #Mourinho #Gabi
https://www.reubenabati.com.ng/index.php/component/k2/comments-and-issues-public-disclaimer-mike-ozekhome
[#ICYMI] Argentina vs France: The French team were poisoned before World Cup final – Piers Morgan
#Emefiele #ATMs #Benz #Camavinga #MasterP #Ajaokuta #Messi #DoyinOkupe #Tinubu #Deschamps #Apostle #Mourinho #Gabi
https://www.reubenabati.com.ng/index.php/component/k2/argentina-vs-france-the-french-team-were-poisoned-before-world-cup-final-piers-morgan
Ramaphosa re-elected as South African President under ANC
#Emefiele #ATMs #Benz #Camavinga #MasterP #Ajaokuta #Messi #DoyinOkupe #Tinubu #Deschamps #Apostle #Mourinho #Gabi
https://www.reubenabati.com.ng/index.php/component/k2/breaking-ramaphosa-re-elected-as-south-african-president-under-anc
2023: What’ll happen if BVAS machines fail at polling units during election – INEC
#Emefiele #ATMs #Benz #Camavinga #MasterP #Ajaokuta #Messi #DoyinOkupe #Tinubu #Deschamps #Apostle #Mourinho #Gabi
https://www.reubenabati.com.ng/index.php/component/k2/2023-what-ll-happen-if-bvas-machines-fail-at-polling-units-during-election-inec
CSO tasks govt to address social injustice, economic inequality
#Emefiele #ATMs #Benz #Camavinga #MasterP #Ajaokuta #Messi #DoyinOkupe #Tinubu #Deschamps #Apostle #Mourinho #Gabi
https://www.reubenabati.com.ng/index.php/component/k2/cso-tasks-govt-to-address-social-injustice-economic-inequality
Buhari has never stolen a kobo unlike others – Islamic group celebrates President’s 80th birthday
#Emefiele #ATMs #Benz #Camavinga #MasterP #Ajaokuta #Messi #DoyinOkupe #Tinubu #Deschamps #Apostle #Mourinho #Gabi
https://www.reubenabati.com.ng/index.php/component/k2/buhari-has-never-stolen-a-kobo-unlike-others-islamic-group-celebrates-president-s-80th-birthday
KASTLEA to release all impounded motorcycles to owners
#Emefiele #ATMs #Benz #Camavinga #MasterP #Ajaokuta #Messi #DoyinOkupe #Tinubu #Deschamps #Apostle #Mourinho #Gabi
https://www.reubenabati.com.ng/index.php/component/k2/kastlea-to-release-all-impounded-motorcycles-to-owners
Tell the world I’m back – Davido announces return after son’s death [Video]
#Emefiele #ATMs #Benz #Camavinga #MasterP #Ajaokuta #Messi #DoyinOkupe #Tinubu #Deschamps #Apostle #Mourinho #Gabi
https://www.reubenabati.com.ng/index.php/component/k2/tell-the-world-i-m-back-davido-announces-return-after-son-s-death-video
Ronaldo silent as rival Messi leads Argentina to World Cup glory in Qatar
#Emefiele #ATMs #Benz #Camavinga #MasterP #Ajaokuta #Messi #DoyinOkupe #Tinubu #Deschamps #Apostle #Mourinho #Gabi
https://www.reubenabati.com.ng/index.php/component/k2/ronaldo-silent-as-rival-messi-leads-argentina-to-world-cup-glory-in-qatar
Qatar 2022: Pele is my GOAT, Messi, Cristiano Ronaldo can’t rival him – Sunday Oliseh
#Emefiele #ATMs #Benz #Camavinga #MasterP #Ajaokuta #Messi #DoyinOkupe #Tinubu #Deschamps #Apostle #Mourinho #Gabi
https://www.reubenabati.com.ng/index.php/component/k2/qatar-2022-pele-is-my-goat-messi-cristiano-ronaldo-can-t-rival-him-sunday-oliseh
Qatar 2022: It’s a shame – Lineker slams FIFA for allowing Messi wear bisht during World Cup presentation
#Emefiele #ATMs #Benz #Camavinga #MasterP #Ajaokuta #Messi #DoyinOkupe #Tinubu #Deschamps #Apostle #Mourinho #Gabi
https://www.reubenabati.com.ng/index.php/component/k2/qatar-2022-it-s-a-shame-lineker-slams-fifa-for-allowing-messi-wear-bisht-during-world-cup-presentation
U-20 AFCON: Flying Eagles coach gives conditions for inviting foreign-based players
#Emefiele #ATMs #Benz #Camavinga #MasterP #Ajaokuta #Messi #DoyinOkupe #Tinubu #Deschamps #Apostle #Mourinho #Gabi
https://www.reubenabati.com.ng/index.php/component/k2/u-20-afcon-flying-eagles-coach-gives-conditions-for-inviting-foreign-based-players
The Lagos State government has uncovered another illegal settlement under the Osborne Bridge in Ikoyi.
The state Commissioner for Environment and Water Resources, Tokunbo Wahab, disclosed this in a post on X with videos.
He wrote,
“Another illegal settlement was discovered under the Osborne Bridge, Ikoyi. Lagos State Environmental Sanitation Corps #LAGESCOfficial (KAI) commenced immediate clearance operation.”
On Wednesday, May 1, LIB reported that the state government discovered 86 partitioned rooms beneath the Dolphin Estate Bridge in Ikoyi, Lagos Island. The occupants were reportedly paying an annual rent of N250,000.
Watch the new video below…
Media
VIDEO: Lagos Uncovers Another Under-bridge Apartment
— Punch Newspapers (@MobilePunch) May 2, 2024
The Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab, on Thursday, said the state government uncovered an illegal settlement under the Osborne Bridge, Ikoyi, Lagos State.
Wahab shared this… pic.twitter.com/2zxaY4Cohy
An Iyaganku Chief Magistrates’ Court in Ibadan on Thursday ordered that a 35-year-old man, Dickson Peter, be remanded in a correction facility for allegedly setting his landlord’s house on fire.
The News Agency of Nigeria (NAN) reports that the police charged the defendant with two counts of felony and arson.
The Magistrate, Mr M. Mudashiru, who did not take his plea due to lack of jurisdiction, ordered that he be remanded in the Abolongo Correctional Facility, Oyo Town.
Mudashiru said the remand is pending legal advice from the Director of Public Prosecution (DPP).
He adjourned the matter until July 23, 2024, for reference.
Earlier, the Prosecution Counsel, Insp. Femi Oluwadare told the court that Peter, on April 18, at about 12:30 am, was alleged to have unlawfully set fire to the house of his landlord, Cepas Okeme, and destroyed properties worth N6.5 million.
Oluwadare said that after he set the building on fire, it also spread to the next house property belonging to Bose Ali ‘F’ and 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
A 24-year-old girl, Sophia Nkwor, has been arrested by the police in Delta state for allegedly dumping and drowning her one-year-old son in a well at Araya community, Isoko South Local Government Area, Delta State.
Parading the suspect before newsmen at the state police headquarters in Asaba on Thursday, May 2, the state Commissioner of Police, CP Abaniwonda Olufemi, said the incident happened on April 26.
“On 28th of April 2024, a case of infanticide was reported at Oleh Division, that a suspect named Sofia Nkwor ‘f’ aged 24 years from Isoko South LGA, dumped her child of one year and one month old in a well along the road in Araya community Isoko South LGA. Children who went to play around the tree discovered the abandoned child floating on the well.”
Speaking to newsmen, the suspect said she decided to kill her child because of her inability to cater for him. Identifying the son as Destiny, she said the father of the child rejected him, adding that she was living with her grandmother in the community.
“l have no helper; it was only me that was taking care of the child; l was the only one that was doing everything and l was tired of doing that,” she said, adding that she was in a bad mood when she committed the infanticide
Tech giant, Google has reportedly laid off at least 200 employees from its 'Core' teams, and will be moving some roles to India and Mexico in a bid to cut costs.
Asim Husain, vice president of Google Developer Ecosystem, informed employees about the layoffs in an email last week, saying that this was the biggest planned reduction for his team this year.
“We intend to maintain our current global footprint while also expanding in high-growth global workforce locations so that we can operate closer to our partners and developer communities,” the email read, as per the report
Google's Core unit is tasked with building the technical base for its flagship products and ensuring safety of its users online. It also maintains the company's global IT infrastructure and provides users with internal tools and developer solutions.
At least 50 of the positions eliminated were in engineering at the company's offices in Sunnyvale, California, filings show. Many Core teams will hire corresponding roles in Mexico and India, according to internal documents viewed by CNBC.
The operatives of the FCT police command, on April 27, arrested two female suspects, Kulu Dogonyaro and Elizabeth Ojah, in connection with the trafficking of five children.
The suspects who attempted to escape arrest from Sokoto police operatives, were intercepted and arrested by FCT police operatives at Kagini junction, Abuja, while suspiciously conveying five (5) children into the Federal Capital Territory.
Confirming the arrest to newsmen, the FCT police command, SP Josephine Adeh, in a statement released, said the command has handed the suspects and victims over to Sokoto state police command for further investigation and onward prosecution.
She added that the Commissioner of police FCT, CP Benneth C. Igweh, has urged parents to pay utmost attention to their wards while reaffirming his commitment to ensuring the safety of the residents of FCT. He also calls on residents to be vigilant and take advantage of the police emergency lines in reporting suspicious activities through: 08032003913, 08028940883, 08061581938, and 07057337653 PCB: 09022222352, CRU: 08107314192.
Justice Kehinde Ogundare of the Federal High Court in Lagos, on Thursday, fixed June 5, 2024, for the report of settlement in the case of a socialite businessman, Pascal Okechukwu alias Cubana Chief Priest, over alleged abuse of the Naira.
The Economic and Financial Crimes Commission, on April 17, 2024, arraigned Cubana Chief Priest on three counts bordering on the abuse of naira.
The EFCC said the socialite was caught spraying naira notes during a social event at the Eko Hotel in Lagos.
Cubana Chief Priest, however, pleaded not guilty to the charges and was granted bail in the sum of N10m.
Justice Ogundare gave him seven days to perfect the bail conditions, with a warning that if he failed, he would be remanded in custody.
At the resumed hearing on Thursday, EFCC prosecutor Mrs Bilikisu Buhari, announced her appearance, while Mr Chikaosolu Ojukwu (SAN) appeared for the defendant.
Ojukwu informed the court that parties were exploring settlement and had applied that the matter be settled, under the provisions of Section 14(2) of the EFCC Act.
He told the court that if the prosecution confirmed the position as true, then there would be a need to apply for a withdrawal of preliminary objection and allow for reconciliation.
The prosecutor’s counsel confirmed the position of the defence counsel and told the court that the application was still being considered.
The defence counsel then applied for a withdrawal of the preliminary objection and since there was no objection from the prosecution, the court granted the prayer and adjourned the case till June 5 for the report of settlement.
Counsel for the EFCC had, during arraignment, told the court that the defendant committed the alleged offence on February 13, 2024, when spraying the naira at a social event at Eko Hotel.
Buhari also told the court that Cubana Chief Priest tampered with funds in the denomination of N500 notes issued by the Central Bank of Nigeria, by spraying the same for two hours.
The commission also said in January 2024, during a social event, the defendant tampered with funds in the denomination of N500 issued by the CBN by spraying the notes at the event.
According to the anti-graft agency, the offence was contrary to and punishable under Section 21(1) of the Central Bank Act 2007
The Nigeria Security and Civil Defence Corps, NSCDC, Osun State Command, has arrested a 32 year old man, Oladiti Saheed Toyin, for impersonation.
According to a statement by the Osun NSCDC Commandant, Michael Adaralewa, issued by the Command spokesperson, Adeleke Kehinde, on Thursday, Toyin, who resides at No 2, Lakewu area, Ororuwo, Boripe Local Government Area of the state, was arrested for parading himself as a medical doctor.
Adaralewa also revealed that he allegedly attended to a pregnant woman during childbirth which led to her death.
“The suspect whose highest qualification is Secondary School Certificate Examination (SSCE) has been operating an unlicensed clinic for the past six years and two months. He also has people who are undergoing training in his clinic as staff.
“While making his confessional statement, the suspect, Oladiti Toyin said on the 15th of April, 2024, a pregnant woman with 9 months and 3 weeks pregnancy visited his hospital popularly known as OLORUNTOYIN CLINIC at No 2, Lakewu area, Ororuwo, Boripe Local Government, Osun State.
“According to him the pregnant woman could not continue her antenatal care at her previous hospital because she had misunderstanding with her husband. The self–acclaimed doctor said he checked her blood pressure which was low and gave her some drugs. He thereafter asked her to come back whenever she fell into labour.
“On Thursday, 18th April 2024, the woman began to experience labour symptoms and was in the hospital where she was delivered of a baby. The victim developed some complications shortly after and was later rushed to a nearby licensed hospital where she was pronounced dead on arrival.”
The Osun NSCDC boss revealed that discreet investigation revealed that the suspect also engaged in the training of people to become quack doctors, at the cost of N5,000.
Adaralewa also said the suspect was guilty of flouting the provisions of Section 343 (1e) of the Criminal Code Act.
The Act provides that “Any person who in a manner so rash or negligent as to endanger human life or likely cause harm to any other person gives medical or surgical treatment to any person whom he has undertaken to treat is guilty of a misdemeanor and is liable.”
The commandant assured members of the public that the suspect would be made to face the full wrath of the law upon the conclusion of investigation.
While cautioning members of the public to be mindful of medical institutions they visit when seeking medical attention, he urged them to report quacks to security agencies for prompt action.
Omowunmi, the wife of late singer Ilerioluwa Oladimeji Aloba, aka Mohbad, has debunked reports that she secretly conducted DNA tests on her son, Liam.
Reports were rife in some sections of the media that Wunmi recently conducted DNA tests on Liam at two separate centres.
She has now dispelled the rumours.
“It is a lie,” she told SaharaReporters on Thursday, denying the allegations.
DAILY POST reports Wunmi’s father-in-law, Joseph Aloba, has been insisting on a DNA test to ascertain his grandson’s true paternity.
Wunmi, who had previously expressed her willingness for a DNA test on her son, said she was no longer open to the test.
She said only her late husband has the right to request a DNA test from her, stressing that Mohbad disvirgined her and that he was the only man she had slept with.
The Nigerian federal government has shifted the application deadline for companies interested in managing the $10 billion Diaspora Fund.
Minister of the Federal Ministry of Industry, Trade and Investment, Doris Uzoka-Anite, disclosed this in a circular on Thursday in Abuja.
Accordingly, the deadline for May 6 has been shifted to May 13, 2024.
The minister urged prospective applicants to utilise the extra time to complete their submissions, ensuring they are thorough and competitive.
She stressed that the extension is designed to allow stakeholders additional time to adequately prepare their applications following the guidelines established for the fund.
“The Federal Ministry of Industry, Trade, and Investment wishes to inform all interested parties that the deadline for the submission of Expressions of Interest (EOI) for the Nigeria Diaspora Fund has been extended.
“The new submission deadline is May 13, 2024. This extension is intended to accommodate stakeholders who require more time to prepare their applications by the guidelines provided for the $10 billion Nigeria Diaspora Fund,” she stated.
The Anambra State Government has arrested one Uzochukwu Okoli for giving out his underage daughter’s hand in marriage.
Okoli was apprehended after his daughter reported to the state Ministry of Women and Social Welfare about the ill-treatment being meted out to her by her father and the man he forced her to marry.
This was disclosed in a statement issued by Chidimma Ikeanyionwu, the media aide to the state Commissioner for Women and Social Welfare, Ify Obinabo, on Thursday.
Ikeanyionwu said the girl, who is currently 16 years old, told the ministry that after the death of their mother, her father brought her back from Edo State, where they were going to school to take a husband.
The statement read, “She alleged that she was first forced to live with a 70-year-old man at the age of 14, but after some time, she ran back to her father’s house before he finally gave her out to a 34-year-old Chinedu N. as husband.
“The girl, who also came with her elder sister, explained that life with the said husband had been a ‘living hell’ because he beat her and sometimes after beating her, peed in her mouth and that made her run away with her nine-month-old baby.
“Her father, Uzochukwu Okoli, on the other hand, claimed her daughter is 18 years old and, at some point, said 20 years.
“Okoli, when he was handcuffed, threatened to deal with the daughters if he made it out of prison. He also urged them to pray he dies in prison because he will make life more miserable for them.”
Reacting to the development, Obinabo instructed that the case be charged to court so that the children could get justice.
She used the medium to urge parents to be mindful of their children and direct them properly instead of pushing them to early marriage, which will destroy their lives.
Our correspondent learnt that both Okoli and Chinedu were arrested and will be arraigned in court.
More...
Police on Thursday paraded the alleged mastermind of the March 28, 2022 Kaduna-Abuja train attack with 276 other suspected criminals.
The evening train was attacked on March 28, 2022 when kidnappers derailed the train and killed eight people while 62 others were kidnapped following which ransom running into hundreds of millions were paid before Federal Government secured the release of the remaining victims.
Parading the suspects during his visit to Kaduna Police Command on Thursday, Nigeria Police Force Public Relations Officer, ACP Olumuyiwa Adejobi, said the arrest of the mastermind followed painstaking efforts to bring the perpetrators of the dastardly act to book.
He decried the unfettered foray of youths in their 20s into crime and the misuse and abuse of drugs, noting that use of drug contributed to over 80% of crimes perpetrated by youths in the country.
Speaking on the achievements of the Kaduna Police Command since January 2024, the Force PRO said they include arrest of alleged mastermind of the Kaduna-Abuja train attack, Ibrahim Abdullahi aka Mande, who was arrested in Rido.
Also arrested in a separate operation was one of his alleged accomplices in the train attack, Auwal Ayuba.Ayuba admitted to being involved in the attack on the train under the directive of Mande, noting that after kidnapping the train passengers, they were later on sold to Islamic State of West African Province (ISWAP).
But the suspected gang leader, Abdullahi refuted the allegation, noting that he wasn’t involved and he was not leader of the gang that planned and attacked the train. He also disclaimed the Ayuba, saying that he has never met him before.
The Force PRO added the Kaduna Police arrested Yakubu Saidu, the mastermind and leader of the notorious kidnapping gang that attacked St. Raphael Catholic Church, Fadan Kamanta, Zonkwa where they razed the Priest house leading to the death of Stephen Naaman in the fire with property worth millions, including a Honda vehicle and a motorcycle, were consumed by the fire.
Adejobi said: “On 12th January, 2024, police operatives attached to anti-kidnapping unit of Kaduna State Criminal Investigation Department (SCID), based on credible information swooped in and arrested one Ibrahim Abdullahi aka MANDE at Abuja-Kaduna Road flyover by Rido Junction. The suspect confessed to being the leader of a kidnap syndicate terrorising Kaduna-Abuja highway, ranked among other criminals like Dogo Gide and Bello Turji.
“He had participated in various kidnapping incidents including the kidnapping incident at Greenfield University and he partook in almost all the kidnappings along the Abuja-Kaduna highway. On 27th April, 2024, some vigilante members arrested and brought to the station one Auwal Ayuba aged 27, a resident of Kubacha Town suspected of being a kidnapper. After thorough investigation the suspect confessed to being a member of kidnapping gang and has participated in several kidnappings in Kubacha, Jere and Katari axis where many victims were kidnapped.
“On February 29, 2024, vigilant operatives of the Kaduna Command Monitoring Unit conducted a well-coordinated operation at the residence of a suspected kidnapper, one Adamu Abdulwahab, in Ganga Uku Village, Mararaban Jos, which resulted in the apprehension of the suspect and recovery of crucial exhibits, including 1 fabricated cartridge revolver rifle, 1 fabricated pistol, 2 Dane guns, 6 live cartridges, 1 discharged GPRG ammunition, 7 discharged cartridges, 2 SIM cards, 2 Tecno handsets, and 1 bloodstained cutlass.
“It was revealed during investigation that 35-year-old Adamu Abdulwahab, in connivance with other suspects who are currently at large, had kidnapped one Samaila Abdullahi, aged 40, of Keke Kingdom, Mararaban Jos, on February 13, 2024, and forcefully taken him to an unknown destination. Efforts is being intensified to locate and rescue the victim.
“On 12th February, 2024, suspected bandit/gun runner Adamu Shuaibu, aged 35, from Dumale Village under Jere L.G.A. of Kaduna state, was arrested following reliable information available to the police on his involvement in criminal activities within the state, including the supply of arms and ammunition to other criminal suspects. One AK-47 rifle with breach no. 1970/TY 1938 and an empty magazine was recovered from his custody.
“During this period, our proactive measures and relentless pursuit of criminal elements have resulted in remarkable outcomes including the arrest of 81-armed robbery suspects, 40 kidnap suspects, 73 murder/ homicide suspects, 36 rape suspects, 22 suspects involved in cult-related crimes, and 28 suspects engaged in other criminal activities. We have successfully recovered 16 firearms of various types, along with 226 ammunition of diverse calibers.
“Our operations have led to the retrieval of 28 stolen vehicles, over 200 harmful weapons, and 600 bags of fertilizers. A total of N3,350,000 only, previously paid as ransom to kidnappers, has been successfully recovered, while our swift and coordinated efforts have resulted in the safe rescue of 158 kidnapped victims, all of whom have been reunited with their families unharmed.”
The Naira lost N112.38 against the US dollar at the foreign exchange market in April 2024.
FMDQ data showed that the Naira traded at N1,390.96 per dollar on Tuesday, 30th April, compared to N1,278.58 per dollar at the beginning of the month.
This represents a 10 per cent depreciation against the dollar in the period under review.
The development comes despite the Naira recording a 12 per cent gain against the dollar in the first 12 days of April, adding to its 14 per cent surge in March. Consequently, Goldman Sach described the Naira as the best performing currency.
However, the losses recorded in the second half of April have resulted in a month-on-month decline.
Meanwhile, Central Bank of Nigeria, CBN, governor, Olayemi Cardoso, stated that the apex bank is planning policies to tackle Naira’s instability in the forex market.
A 19-year-old man arraigned before Mutawatawa magistrate on charges of having sexual intercourse with his 14-year-old sister in Uzumba, Zimbabwe, has been convicted.
It was gathered that in January 2023, the 19-year-old man decided to take things a notch up bizarrely as he chatted with his sister. He asked his sister to be his girlfriend. Strangely, the 14-year-old admitted to feeling the same way for her brother.
The two decided to hit it off and start dating. They decided to keep their relationship under wraps, knowing how much trouble it would attract if ever known.
During their relationship, the 19-year-old man convinced his sister to have sex with him. She agreed, and the two did the act on different occasions, both at home and in the garden. However, the girl later got pregnant and this was noticed by their grandmother.
Upon being questioned, she revealed her brother was responsible. The grandmother reported the case to the police, leading to the 19-year-old man’s arrest for incest. He appeared in a Mutawatawa Court, where the Magistrate sentenced him to 14 months in jail. Two months were struck off, and he will serve an effective 12 months.
The naira declined to N1,370 against the dollar at the parallel section of the foreign exchange (FX) market on Wednesday.
This represents a 1.48 percent depreciation from N1,350 traded on April 29.
Currency traders, also known as bureau de change (BDC) operators, put the buying rate of the greenback at N1,330 and the selling price at N1,370 — leaving a profit margin of N40.
At the official window, the local currency appreciated by 1.98 percent to N1,390 on April 30 — from N1,419.11 on April 29.
During trading, the exchange rate rose as high as N1,450 and as low as N1,200 according to data from FMDQ Exchange, a platform that oversees FX trading in Nigeria.
The naira devaluation has continued to pose significant challenges to firms, cutting deep into profit margins and eroding shareholders’ dividends.
On April 30, Aliko Dangote, chairman of Dangote Industries Limited, said the devaluation of naira created the “biggest mess” for the company in 2023.
“We are doing whatever it takes to make sure that at the end of the day, we will be paying dividends because if you look at our dividends last year, it was almost 50 percent more so we will try and get out of the mess,” Dangote said.
“The biggest mess created was actually the devaluation of the naira from N460 to N1,400.”
He said almost 97 percent of the companies, especially in food and beverages businesses, will not pay dividends this year due to the FX constraints.