71-YEAR-OLD LANDLORD ARRESTED FOR IMPREGNATING TENANT'S TEENSGE DAUGHTER. (PHOTO).

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 71-year-old landlord arrested for impregnating tenant’s teenage daughter The Ogun State Police Command said it had arrested a septuagenarian landlord, identified simply as Adesina, for allegedly defiling and impregnating his tenant’s 14-year-old girl (name withheld) at Akegbeyale Street in Ifesowapo Akute, Ifo Local Government Area of the state. PUNCH Metro learnt that the residents and other tenants were thrown into a state of shock when the septuagenarian suspect was found on Tuesday, April 9, 2024, having sexual intercourse with the 14-year-old girl at about 10:15 pm in the house bathroom. The minor, according to a police source who was part of the team that arrested the 71-year-old suspect but was not permitted to speak for the command, was said to have made her way to the apartment’s bathroom to take a shower. Our correspondent learnt that a few seconds later, the landlord was said to have gained entrance into the same bathroom and was believed to be having sexual intercourse wit

NAIRA FALLS TO N1200/$ IN PARALLEL MARKET, GAINS 11% IN NAFEM. (PHOTO).


Naira falls to N1200/$ in parallel market, gains 11% in NAFEM

The naira depreciated yesterday to N1,1200 per dollar in the parallel market from N1,172 per dollar on Wednesday.

However, the naira yesterday appreciated to N843.07 per dollar in the Nigerian Foreign Exchange Market (NAFEM).

Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N843.07 per dollar from N951.22 per dollar on Wednesday, indicating 11 percent or N108.15 appreciation for the naira.

As a result, the gap between the official and parallel market exchange rates widened to N356.93 per dollar yesterday from N220.78 per dollar on Wednesday.

Mr. Yakubu Ahmed, a black market trader said high demand for dollars still persists despite traders’ anticipation of a positive change in the trend of the foreign exchange rate.

“There is still high demand for dollars but little access to it. I sold a dollar today for N1,200 and bought for N1,180.  

“Though we anticipate a positive change from the current trend of depreciation of the naira.

“But most traders are still worried that the naira might be in a falling trend for a long period due to decline in foreign exchange inflows which is also affecting the official market.”

 

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