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FEATURES

FEATURES

The senator representing Delta North senatorial district at the upper chamber of the National Assembly, Ned Nwoko, has said he can’t marry a woman who is not a virgin.

Naija News reports that the Senator made this known in a snippet of the Mic On podcast, hosted by Nigerian journalist, Seun Okinbaloye.

According to the Nigerian billionaire, some people always assumed they had an idea of the woman he liked to marry and had brought some girls to him, but the ladies did not meet his standards.

Ned noted that he has a taste and sight for women, stressing he cannot marry a woman who is not a virgin.

When asked why she married Nollywood actress Regina Daniels, Ned noted that the movie star hails from his hometown.

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Last modified on Saturday, 16 March 2024 07:50

The Citadel Global Community Church’s Serving Overseer, Pastor Tunde Bakare, has said some Nigerians are being forced to rob warehouses in order to avoid going to bed hungry due to the country’s economic hardships.

In his keynote speech on Friday at the 70th birthday celebration of Pastor Chinedu Ezekwesili, the husband of the former minister of education, Dr. Obiageli Ezekwesili, Bakare blamed corruption and poor governance for the current state of the economy.

In the past two weeks, there have been numerous complaints of some Nigerians breaking into warehouses and taking food and other valuables.

Naija News reports that the preacher cautioned that no single institution can eradicate corruption from a nation, adding that Nigerians should not expect the Economic and Financial Crimes Commission (EFCC) and other anti-graft institutions to act in isolation.

Bakare said, “Somewhere in the equation, something has to be done, whether in the homes that produce the fabrics or even in the institution of states that have failed to liquidate this criminal enterprise and facilitate alternative pathways for young people; somewhere in the societal equation where corruption and bad governance are crippling the economy, leaving no fewer than 133 million Nigerians in multidimensional poverty and 26.5 million in acute hunger across the country.

“With families going to bed hungry, a citizen is forced to take to the streets and to loot warehouses in their quest for survival. It means somebody has failed in his duty. In other words, somewhere in the governance equation is where we have the real issue. The good news however is that man has the capacity to reverse the situations. With the help of his Creator, man is himself a creator with the ability to recreate his world.

“This is a mission and purpose of every man. No citizen deserves to sleep under the bridge in a nation that has government. Until the righteous people are appointed into office, we are wasting time. There is only one antidote to fight corruption. EFCC and ICPC cannot fight it alone. Anybody that sits on the committee to investigate corruption who is corrupt himself can’t fight corruption in Nigeria.”

A former spokesman of the defunct Atiku-Okowa Presidential Campaign Council, Daniel Bwala has stated that he does not regret joining the Peoples Democratic Party (PDP) or supporting Atiku Abubakar.

He, however, explained that due to the crisis in the nation, he has decided to focus on nation building rather than politicking.

Bwala argued that an election can only hold in 2027 if the country is safe and secure.

He stated this on Friday during an appearance on Arise TV’s Morning Show.

The PDP stalwart explained that he decided to join hands with President Bola Tinubu’s administration when he noticed that he was trying to rewrite the wrongs of his predecessor.

He insisted that there must be a Nigeria before politics.

Bwala, “I have no regret going to PDP or supporting Atiku, I do my things based on conviction and at the end of the day, if it doesn’t work out, I accept my fate.

“The reality I have accepted now is that this politicking is gone and because of the crisis in Nigeria, the only way we can have a 2027 election is when Nigeria is safe and secure.

“I saw that this president I supported in APC is trying to ensure he rewrites the wrongs of the past administration.

“When he said he wanted all opposition to come together for nation building, I felt it was the right time to look at nation’s building rather than politicking. There must be a Nigeria before we do politics.”

Islamic cleric, Sheikh Ahmad Gumi, has asserted that bandits are getting more vicious due to the kinetic approach used by the Nigerian government.

Naija News reports that Gumi made this known in an interview with Arise Television on Thursday, following the recent kidnappings in Kaduna State and the demand of N40 trillion as ransom by the bandits.

Gumi suggested that the government should have a dialogue with bandits rather than pay any ransom for victims’ freedom.

The cleric while referencing the case of Isreal and Hamas sitting down to exchange prisoners said there is need for a change of approach by the Nigerian government to issues of banditry and terrorism.

He said, “I believe no ransom should be paid but engage these people, give them hope and not only in this children’s case. I’m so sad that the leaders are just realizing that it is turning into a war. It has been a war and not mere criminality. If we can see Israel and Hamas sitting down to exchange prisoners, I don’t see why we cannot negotiate.

“I support that the government should not pay any ransom but what I say is that the government must dialogue and from my knowledge about their psychology, that amount they are pitching is because they want to have a bigger bargaining power, otherwise, I don’t think in their wildest dreams, they would think the government would give them that money.

“What is happening now is that we are seeing that these bandits are getting more and more vicious. Before now, they didn’t do what they do now. We can only attribute that to the kinetic approach which is over emphasized. When we hear the politicians talk, nothing is done about it to overcome these people. For example, now we are fighting bandits.”

Nigerian singer Michael Adebayo Olayinka, popularly known as Ruger, expresses his desire to find someone special to share his life with, reveals that he is on the lookout for a meaningful connection.

The singer opens up on his past relationships, stated that even though he has never been lucky with relationships, he is still willing to commit to someone.

Ruger

He also admitted that he somehow contributed to the failure of his past relationships.

 

Ruger revealed this in the most recent episode of the Bahd And Boujee Podcast co-hosted by Tolanibaj and actress Moet Abebe.

He said:

“I want to see if I can actually be committed to someone”.

Ruger also opened up on his sex life, recalls having a threesome with a white lady and a black woman.

 

Speaking further, he revealed that he has never been involved in orgy

In another story, Ruger and his colleague BNXN surprises fans with reconciliation as they tease possible collaboration.

The reconciliation was teased through a photo shared by Ruger on the X platform and Instagram during what appears to be a music video shoot.

Ruger, who recently parted ways with his record label, Jonzing World, posted the picture of himself and BNXN, capturing the moment .

He wrote:

MAYBE ROMEO MUST DIE.” The critic message has left fans speculating about the nature of their newfound alliance.

The unexpected announcement has sparked a wave of excitement among fans who have closely followed the two artists’ feud, which began in 2022.

At that time, an anonymous X user informed Ruger that BNXN had more hit songs than he did, leading to a public exchange of words and tension between the two Afrobeat sensations.

The Central Bank of Nigeria (CBN) has re-emphasised that banks are barred from paying dividends to shareholders or spend on operating expenses from foreign currency revaluation gains but are expected to set the gains aside.

Foreign exchange revaluation gains occur when a bank’s assets or liabilities denominated in foreign currencies increase in value due to fluctuations in exchange rates.


In the context of Nigerian banks, these gains typically arise from the revaluation of foreign currency-denominated assets, such as loans, investments, or deposits, when the value of the naira depreciates. So far in 2024, the value of the naira had depreciated by 76.5 per cent from N915 to the dollar which it sold officially on the first trading day this year to N1,615 to the dollar.

Banks’ foreign-currency loans when converted back to naira on their balance sheets have ballooned as a result of the devaluation, causing some banks to breach both their lending limits and open positions on foreign exchange trading.

In a letter titled ‘Re: Impact Of Recent FX Policy Reforms: Prudential Guidance to the Banking a Sector,’ issued to all banks on Thursday, the apex bank referring to a circular it had issued last year stated that “banks shall not utilise such FX revaluation gains to pay dividends or meet operating expenses.”

Last September, the CBN had noted that changes to the currency regime have impacted banks to varying degrees and that “banks are required to … set aside the foreign currency (FCY) revaluation gains as a counter-cyclical buffer to cushion any future adverse movements in the foreign exchange rate.”

In the letter issued on Thursday and signed by acting director, Banking Supervision department of the apex bank, Dr Adetona Adedeji, the CBN said: “further to our letter dated September 11, 2023.referenced BSD/DIR/CON/LAB/16/020 on the above subject, the Central Bank of Nigeria wishes to reiterate that banks are required to exercise utmost prudence and set aside FCY revaluation gains as a counter-cyclical buffer to cushion any adverse movements in the FX rate.”

The Tin-Can Island Command of Nigeria Customs has made a significant interception of arms and ammunition suspected to be smuggled into the country by a criminal gang.

Among the seized items are military camouflage uniforms and illicit drugs, including Colorado. The recovered arms include automatic single-barrel rifles and pump-action guns.


Although details of the interception are still emerging, sources indicate that the arms were discovered during an inspection of imported consignments at the port. It remains unclear whether any arrests have been made at this time.

This interception comes less than a year after Customs seized 31 arms of various types at the Tin-Can and Multi-Purpose Terminals (PTML) ports in Lagos. During that operation, the Comptroller-General of Customs, Mr. Adewale Adeniyi, confirmed that two suspects were apprehended in connection with the seizure.

The recent interception underscores the ongoing efforts by Nigerian Customs to prevent illegal arms smuggling and maintain security at the nation’s ports.

Political economist, Professor Pat Utomi has taken a swipe at Labour Party federal lawmakers.

The economist said he's not happy with them.

Utomi said the party must show integrity and understanding of the fact that Nigeria and its democracy are both failing because of the failure of the political parties.

He spoke in a post on his X handle on Friday.

“We cannot call for a new way and not show example with our actions. I have been unhappy with many Labour Party Lawmakers conduct. The Party must show integrity and understanding of the fact that Nigeria and its democracy are both failing because of the failure of the parties,” he wrote.

The statement followed allegations that 2024 budget was padded.


Recall that Senator Abdul Ningi, representing Bauchi Central on the platform of the Peoples Democratic Party, PDP, had alleged that N3.7 trillion was padded into the 2024 budget.

Ningi, a lawmaker from Bauchi, was subsequently handed a three-month suspension for raising the allegation, which the Nigerian government and the leadership of the Senate denied.

However, Labour Party lawmakers in the National Assembly have been silent on the matter.

Utomi had recently, attacked the opposition political parties for failing to protest the worsening economic hardship in the country.

According to him, opposition parties lead protests in other climes.

Nigeria’s headline inflation for February increased to an all-time high of 31.70 per cent, compared to 29.90 per cent recorded in January 2024, amid rising food prices nationwide.

The National Bureau of Statistics, NBS, disclosed this in its latest Consumer Price Index and Inflation Report.

The February 2024 headline inflation rate increased by 1.80 per cent compared to the January 2024 headline inflation rate.


On a year-on-year basis, the headline inflation rate was 9.79 per cent points higher than the rate recorded in February 2023, which was 21.91 per cent.

This shows that the headline inflation rate (year-on-year basis) increased in February 2024 compared to the same month in the preceding year (i.e., February 2023). Furthermore, on a month-on-month basis, the headline inflation rate in February 2024 was 3.12 per cent, 0.48 per cent higher than in January 2024 (2.64 per cent).

The implication is that the rate of increase in the average price level is more than in the average price level in January 2024.

Similarly, food inflation rose to 37.92 per cent in Febuary from 35.41 per cent recorded in January, 2024.

Accordingly, this is the 13th straight time the country’s inflation soared without respite.

DAILY POST recalls that last month, the Central Bank of Nigeria raised the monetary policy rate, known as the interest rate, by 400 basis points to 22.75 per cent from 18.5 per cent.

Last modified on Friday, 15 March 2024 14:25

The police arraigned a 26-year-old lawyer, Ekunife Emmanuel in a Lugbe Grade I Area Court Abuja for allegedly assaulting a commercial sex worker.

The police charged Mr Emmanuel of Jahi Abuja with criminal breach of trust, assault, causing hurt and inciting disturbance, an offence he denied committing.


Earlier, the prosecuting counsel, Olisaemeka Okeke, told the court that the complainant, Queeneth John, a commercial sex worker of Wuse Zone 5 Abuja, reported the matter at Asokoro police station on March 12.

Mr Okeke said the complainant claimed that on March 11 at about 10: p.m the defendant approached her at Wuse where she was hawking and took her to Bannex Plaza and demanded sex.

He said the defendant also took the complainant to a Hotel Guzape and promised to pay her N 50,000 after having sex with her.

Mr Okeke told the court that the defendant had sex with the complainant and when she demanded her money he refused to pay her the money as he promised.

He said in the process the defendant started beating the complainant as a result she sustained bruises all over her body.

He said when the defendant was brought to Asokoro Police Station he started videoing the station and the police officers on duty thereby inciting disturbance in a public office.

The prosecutor said during police investigation, the defendant made a confessional statement.

Mr Okeke said the offence contravened the provisions of Sections 312, 365, 244 and 114 of the Penal Code.

The judge, Aliyu Kagarko, admitted the defendant to bail in the sum of N1 million and a surety in like sum.

He said, “I hereby grant the defendant bail in line with section 165(2) of Administration of Criminal Justice Act (ACJA) 2015 to deposit 10 per cent of the bail sum at the court registry pending the determination of the case.’’

He ordered that the surety must be a legal practitioner of not less than five years in practice and must summit his or her call to bar certificate.


He said the surety must reside within the court jurisdiction and adjourned the case until April 18 for hearing.(NAN)

Last modified on Friday, 15 March 2024 14:51