Connect with us

News

New naira notes: Governors set up committee to work with CBN

Published

on

Nigerian Governors

The Nigeria Governors’ Forum (NGF) has set up a six- member committee to engage the Central Bank of Nigeria (CBN) to address anomalies in the country’s monetary management and financial system.

The forum disclosed this in a communique issued on Saturday at the end of its virtual meeting held with the CBN Governor, Mr Godwin Emefiele, on Thursday night.

The committee, according to the communique signed by NGF Chairman, Gov. Aminu Tambuwal of Sokoto State, is chaired by Governor of Anambra State, Prof. Charles Soludo, with governors of Akwa Ibom, Ogun, Borno, Plateau and Jigawa states as members.

The governors said that while they were not opposed to the objectives of the Naira redesign policy, the apex bank should consider the peculiarities of households and states, especially pertaining to financial inclusion and under-served locations.

“We, the members of the NGF, received a briefing from the Governor of the CBN, Emefiele, on the Naira redesign, its economic and security implications including the new withdrawal policy.

Advert

ADP Governorship Candidate Assures NMA Of Making Kano A Hub For Medical Tourism In Africa

“Governors are not opposed to the objectives of the Naira redesign policy.

“However, we observe that there are huge challenges that remain problematic to the Nigerian populace.

“In the circumstances, governors expressed the need for the CBN to consider the peculiarities of states especially as they pertained to financial inclusion and under-served locations.”

The governors expressed resolve to work closely with the CBN leadership to ameliorate areas that required policy variation, particularly the poorest households, the vulnerable in society and several other Nigerians that were excluded.

The governors also resolved to collaborate with the CBN and the Nigerian Financial Intelligence Unit (NFIU) in advancing genuine objectives within the confines of the laws.

They, however, insisted that the recent NFIU Advisory and Guidelines on cash transactions were simply outside the NFIU’s legal remit and mandate. (NAN)

News

Ex-Bayelsa Governor Dickson Defects from PDP to NDC

Published

on

 

By Yusuf Danjuma Yunusa

Former Bayelsa State Governor and serving Senator, Seriake Dickson, has resigned from the Peoples Democratic Party and joined the Nigeria Democratic Congress.

Dickson announced his defection on Thursday while addressing a world press conference, stating that his decision was guided by principle and conviction.

Advert

The former governor described the current state of the Peoples Democratic Party as critical, likening it to a patient in an Intensive Care Unit. He expressed concern over what he sees as deep internal challenges within the party.

According to him, Nigeria must not drift toward a one party system, stressing that a healthy democracy requires vibrant opposition and credible political alternatives.

Dickson’s exit marks a significant development in the nation’s political landscape, given his long standing role within the PDP as a former governor and influential figure in the South South region.

Further details of his plans within the Nigeria Democratic Congress are expected in due course.

Continue Reading

News

NDLEA Clarifies: Drug Case Against Abba Kyari Still Active After Court Discharge

Published

on

 

By Yusuf Danjuma Yunusa

The National Drug Law Enforcement Agency (NDLEA) has moved to correct public misconceptions surrounding the legal troubles of suspended Deputy Commissioner of Police, Abba Kyari, clarifying that the core drug trafficking charges against him remain very much alive.

The clarification comes in the wake of a ruling by Justice James Omotosho of the Federal High Court in Abuja, which discharged Kyari from a separate 23-count charge related to money laundering and the alleged non-declaration of assets.

In a statement released on Thursday, the NDLEA’s Director of Media and Advocacy, Femi Babafemi, stressed that the public should not conflate the two distinct legal proceedings. He explained that while the money laundering case was before Justice Omotosho, the primary drug case is being handled by a different judge.

Advert

“The ruling delivered by Justice Omotosho is entirely separate from the main and substantive drug case against Abba Kyari,” Babafemi said. “That drug case is very much on course and is scheduled to continue before Justice Emeka Nwite on 16 of March. The public should be very clear that these are two different matters.”

The anti-narcotics agency also outlined its next steps regarding the recent court ruling. According to the statement, the NDLEA’s legal team is awaiting the Certified True Copy (CTC) of the judgment. A thorough review of the document will inform the agency’s decision on whether to file an appeal against the discharge from the money laundering charges.

Continue Reading

News

US Troops in Nigeria for Training and Advice Only, Defence Minister Clarifies

Published

on

 

By Achile Danjuma

The Minister of Defence, Gen. Christopher Musa (rtd), has moved to alleviate concerns regarding the presence of United States military personnel in Nigeria, stating unequivocally that they are in the country “purely for training assistance and advisory role.”

Gen. Musa assured Nigerians that the Armed Forces of Nigeria would retain full command and control over all military operations conducted within the nation’s territory. He made this clarification while presiding over the maiden edition of the newly introduced Monthly Operational Briefing at the Ministry of Defence.

The Defence Headquarters (DHQ) had confirmed the arrival of 100 US military personnel and associated equipment at Bauchi Airfield on February 16, 2026. At the time, the DHQ emphasized that the deployed personnel were technical specialists serving strictly in an advisory and training capacity, not as combat forces. It further stressed that “all training activities will be conducted under the authority, direction and control of the Nigerian Government and in close coordination with the Nigerian Armed Forces.”

During the briefing, the Minister provided strategic guidance to the military high command. He outlined the multifaceted threats to national security and urged the Chief of Defence Staff and the Service Chiefs to intensify their efforts. He called for the development and implementation of new, decisive strategies to ensure the timely eradication of terrorism, insurgency, and banditry.

Advert

Gen. Musa commended the troops for their “professionalism, resilience, and gallantry” in the face of these challenges. He reaffirmed the Ministry’s unwavering commitment to improving troop welfare and enhancing the operational efficiency of the Armed Forces.

In a statement released after the event, the Special Adviser on Media to the Minister, Col. Timothy Antigha (rtd), noted that the new monthly briefing is designed to provide a platform for reviewing ongoing operations and ensuring cohesive strategic direction across all services.

In a related development, the Chief of Army Staff (COAS), Lt.-Gen. Waidi Shaibu, has charged troops of the 401 Special Forces Brigade in Makurdi to remain “dogged and relentless” in their efforts to combat violence and criminality. He directed them to deal decisively with any individual or group threatening peace and stability, “irrespective of status, influence or affiliation.”

Lt.-Gen. Shaibu commended the troops of the Joint Task Force Operation WHIRL STROKE (OPWS) for their resilience and steadfast commitment to restoring security in affected communities across Benue State. He highlighted the strategic importance of OPWS within the broader national security framework.

The COAS stressed the need to consolidate recent gains through intelligence-driven operations, enhanced inter-agency synergy, and sustained community engagement. He reminded the troops that operational success must be matched with professionalism and strict adherence to the Rules of Engagement, in line with international best practices.

Acknowledging their sacrifices, Lt.-Gen. Shaibu noted that the troops’ perseverance has not only degraded criminal networks but has also created a more secure environment conducive to socio-economic activities. He described the safe return of internally displaced persons (IDPs) to their communities as a clear testament to their operational effectiveness and unwavering resolve.

Continue Reading

Trending