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SEDSAC Celebrates Sixth Anniversary,Urges CBN To Make New Notes Available

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As SEDSAC celebrates its 6th year anniversary (2017~2023), the organization wishes to enjoin Nigerians to embrace peace and obey constituted authorities in our journey to a virile nation, more so in this trying period of economic hardship and general insecurity across the country.

In a statement issued by its executive Director Umar Hamisu Kofar Naisa said as the 2023 general elections approaches no one should conspire to take advantage of the current social and economic turmoil as manifested by fuel scarcity, change in currency denominations etc to instigate violence in the land.

Accordingly, the people should immediately report any suspicious character or movement to security agencies in line with the civic responsibilities of the citizens.

Meanwhile, the Federal Government through the Central Bank of Nigerian,CBN should regulate the country’s monetary policies that ensure the availability of the new currency notes and ease the anxiety on the cash withdrawal limit in order to stimulate the economy. Similarly, SEDSAC wishes to call on the FG to take all possible measures to end oil scarcity that lead to unnecessary hardship.

SEDSAC joins all well- meaning citizens to call on eligible Nigerians voters to prepare for the forthcoming elections to elect credible persons into political offices in order to salvage the country from collapse.

 

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BREAKING: Fintiri Sacks Former Vice President Atiku Abubakar As Wazirin Adamawa

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Former Vice President Atiku Abubakar and 2023 Presidential Hopeful

The Governor of Adamawa State, Ahmadu Umaru Fintiri has stripped himself and former Vice President Atiku Abubakar, former Governor Boni Haruna and others of traditional titles. The trio hold the titles of Sarki Yaki Mubi, Waziri Adamawa and Makama Mubi respectively. This is along with all other traditional title holders in the state whose traditional jurisdictions have been affected by the recent exercise of creation of emirates and chiefdoms.

Making this proclamation at the coronation ceremony of the newly appointed Chief of Madagali chiefdom, the governor proclaimed that as a policy, all District Heads are to transfer their loyalty, rights and privileges to their new emirates and chiefdoms. He pointedly added:
“Hence, traditional titles acquired from the old emirates and chiefdoms are hereby dropped. The constituted traditional councils of the new emirates and chiefdoms, are therefore directed to recommend new titles for approval in line with the statutory dictates of the tradition.”

Incidentally, all the new emirates and chiefdoms were carved out of the emirates of Adamawa and Mubi from which they all hold their traditional titles.

Fintiri, who hails from Madagali, holds the traditional title of Sarki Yaki Mubi; Atiku, who hails from Jada, holds the title of Waziri Adamawa; and Haruna, who hails from Michika, holds the title of Makaman Mubi. By implication, therefore, Fintiri himself, Atiku, Haruna and all others whose traditional jurisdictions are affected have lost their titles.

As directed by the governor, the Lamido of the present Adamawa emirate is expected, if he is so desirous, to forward Atiku’s name along with others for reappointment to the governor for approval.

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Reduce Prices Of Foodstuff ’, Nigerian Govt Issues Warning To Traders, Shop Owners

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The Federal Government of Nigeria has called on traders across the country to reduce the prices of foodstuff in the market.

The call by the Federal government comes shortly after it was announced that the inflation rate of the nation had dropped to 24.48 percent.

Speaking during the 2025 Wheat Farmers Green Field Day at Dabi village in Ringim Local Government Area of Jigawa State, Abubakar Kyari, the Minister of Agriculture and Natural Resources alleged that most traders were only exploiting Nigerians.

Condemning the nonchalant attitude showcased by some traders and farmers alike, the minister said the drop in inflation has not reflected in the prices of foodstuff in the market.

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He also stated that such act from traders is unpatriotic and should not be acceptable any where.

Citing some instances, Kyari said that while the prices of commodities like sugar, rice, flour and pasta has reduced retailers, bakers and even some shop owners still peg their prices on the high side.

He said these group of people are doing a disservice to Nigerians and are hereby warned to desist from such action.

The minister said, “In previous months, stakeholders in the retail value chain raised concerns about the rising cost of food items. Now that the prices have dropped, such as flour, which fell from N81,000 per bag to below N60,000, and spaghetti, which has fallen from N20,000 to N15,000.

“It is only fair and just to let consumers benefit from food price reduction,” he added.

Politics Nigeria

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Alleged N33.8bn fraud: Funds paid into my account not from ministry of power – Witness

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Engineer Sale Mamman Former Minister Of Powe

A witness in the trial of former Minister of Power, Saleh Mamman has told a Federal High Court that the narration of funds paid into his account did not indicate they came from the ministry.

Abdullahi Suleiman, who is a bureau de change operator, said his companies received funds in their different bank accounts before and after Mamman’s tenure as minister.

Mamman is facing a 12-count charge bordering on conspiracy to commit money laundering worth N33.8 billion preferred against him by the Economic and Financial Crimes Commission (EFCC).

At the cross-examination by the defence counsel on Tuesday, Femi Ate (SAN), Suleiman admitted that the funds contained in the Accountant General of the Federation entries were paid into his companies’ accounts.

The payments are: Fullest Utility Concept received N254m and N49.6m on May 9, 2018; N659.9m received on January 16, 2019 and N407m on July 20, 2019.

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Platinum Touch Enterprise Ltd received N849m on October 21, 2021; N86.5m and 86.9m and N97m on October 29, 2021.

Silverline Ocean Ventures received N90m on February 24, 2022, and N82m and N90m on March 30, 2022; Bureau Change received N90m and N92m on March 30, 2022; and Royal Promoter Venture received N85m.

The witness stated that he knew that the money he received in 2023, while the EFCC were still investigating the matter, came from one Mustapha Abubakar Bida through Maina Goje, who was also questioned by the EFCC, adding that some funds (N217m) were returned to the anti-graft agency, including some dollars.

“I received money before and after the minister’s appointment and departure. Maina Goje did not tell me why he said I should make payment to the EFCC,” he said.

He admitted that the narration of the transfer read, ‘Federal MI being payment for office consumer’ and other similar narrations.

However, under re-examination by EFCC counsel, Rotimi Oyedepo (SAN), Suleiman admitted that when the EFCC invited him to their office, they informed him that the funds came from the Ministry of Power.

Another witness, Misbahu Idris of the Niger Delta Power Holding Company testified that he worked with the ex-minister as a special assistant and facilitated the disbursement of funds sent by Goje “Based on instructions from Engr Sale Mamman.”

Meanwhile, the court has adjourned the matter to Wednesday for the cross-examination of the witness.

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