IGP EXTENDS FELICITATIONS ON PCRC'S 40TH ANNIVERSARY CELEBRATION. (PHOTO). #PRESS RELEASE.

-
Image
 PRESS RELEASE IGP EXTENDS FELICITATIONS ON PCRC'S 40TH ANNIVERSARY CELEBRATION The Inspector General of Police, IGP Kayode Adeolu Egbetokun, Ph.D., NPM, extends warm felicitations to the Police Community Relations Committee (PCRC) as they mark their 40th anniversary with a series of commemorative events, including a Dinner/Gala Night and a Grand Finale. The PCRC has been an invaluable partner to the Police fostering mutual trust, understanding, and collaboration between the police and the communities they serve. Over the past four decades, the PCRC has played a pivotal role in promoting community-oriented policing, enhancing public safety, and advancing the shared goals of peace and security. The IGP commends the dedication of the PCRC members, volunteers, and stakeholders who have worked tirelessly to strengthen police-community relations and build safer communities across the country under the leadership of Mogaji Ibrahim Olaniyan. Their efforts have not only improved the effect
Post a Comment

BUHARI APPROVED NAIRA REDESIGN BUT CENTRAL BANK ONLY RECOLOURED BANKNOTES- GOV. EL-RUFAI. (PHOTO).

-



The Governor of Kaduna State, Nasir El-Rufai has said what the Central Bank of Nigeria did regarding the naira redesign is different from what was approved by President Muhammadu Buhari.


In a post on Twitter on Sunday titled, ‘NIGERIA UPDATE: ABC of Currency Redesign vs. XYZ of Cash Confiscation Explained’, El-Rufai accused the apex bank of derailing the policy objective to sabotage the elections. 


He said, “Currency redesign was approved by the President and announced. Currency recoloring resulted.


“Currency swap was envisaged by s.20(3) of the Central Bank of Nigeria Act as approved by PMB. Swap means I take N100,000 to the bank in old notes & I receive N100,000 immediately in new notes. No more, no less.


“During implementation of the cash swap, the CBN withdrew over N2 trillion from circulation but printed only N400 billion, so in effect, currency confiscation was then unilaterally and unlawfully implemented by the CBN. Trade and exchange have collapsed. Human suffering, impoverishment and economic contraction resulted.


“The policy objective was derailed into a deliberate national fiasco to sabotage the elections in the name of preventing vote-buying. All efforts to get CBN to implement what was lawfully approved failed.


“Some State Governments had no choice but to approach the Supreme Court for adjudication. The APC as a party and the Progressive Governors Forum are unanimous that policy implementation must be reviewed, and full compliance of the subsisting ruling of the Supreme Court be observed until final judgment on the suit instituted by the State Governments.”


Last year, the CBN announced that it would redesign N200, N500 and N1000 banknotes, saying old notes should be swapped for new ones by January 31.


Following several appeals made by Nigerians, the deadline was moved to February 10. However, a Supreme Court ruling suspended the February 10 deadline.


A week after the Supreme Court ordered the Nigerian government to allow the continued use of old N200, N500 and N1,000 notes, President Muhammadu Buhari countered that order.


In his national broadcast last Thursday, Buhari announced that the old N500 and N1000 notes had ceased to be legal tender but extended the deadline for N200 notes to April 10.


But some states including Kaduna, Ogun, and Kano have announced that the old notes should still be considered as legal tender in their domain, based on the Supreme Court ruling. The state governments also threatened to sanction any bank that rejects the old notes until the apex court says otherwise.


 

Comments

Post a Comment

Popular posts from this blog

ACTOR BABA IJESHA APPEALS FIVE-YEAR JAIL SENTENCE FOR SEXUAL ASSAULT. (PHOTO).

-
Image
 Actor Baba Ijesha appeals five-year jail sentence for sexual assault Nollywood actor Olanrewaju James, known as Baba Ijesha, has filed an appeal against his conviction for the sexual assault of a minor. He has requested the Court of Appeal, Lagos Division, to overturn the ruling of the Lagos State High Court, which sentenced him to five years in prison. The conviction was handed down by Justice Oluwatoyin Taiwo (retd.) of the Ikeja Domestic Violence and Sexual Offences Court on July 14, 2022 to Baba Ijesha. Baba Ijesha through his counsel Kayode Olabiran on Tuesday, told the appeal court that his client was set up and that he acted according to a script that he was invited to act on by his colleague. “The Appellant was set up. The Appellant is an actor. He acted in a script that he was invited to act by his colleague (PW1), Damilola Adekoya,” he said. The Director of Public Prosecution, Dr Babajide Martins, urged the court to dismiss the appeal for lacking in merit and also a misconce
Read more

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma Automobil
Read more

PUNISH MY ABUSERS WITHIN 48 HOURS OR FACE LAWSUIT- STUDENT BULLIED BY HER CLASSMATES THREATEN SCHOOL AUTHORITIES. (PHOTO).

-
Image
 Punish my abusers within 48 hours or face lawsuit - Student bullied by her classmates threaten school authorities The bullied student of British Lead International School, Miss. Namtira Bwala has threatened to file a lawsuit against the school authorities if her abusers are not punished within 48 hours. In a letter drafted by her lawyers, Deji Adeyanju and Co, Namtira asked the school authorities to immediately investigate and pronounce the stiffest punishments in the student’s rule book on Ms.Maryam Hassan, Miss Faliya, and nine other students who bullied her. Namtira said if the school authorities fail to sanction the student bullies within 48 hours of the receipt of the letter, she would seek immediate and severe legal redress against the school. The letter reads “We are Solicitors to Miss. Namtira Bwala (acting through her next friend), hereinafter referred to as our client, on whose instruction we act. Our client and several other parents in Lead British International School have
Read more