ATIKU APOLOGIZES TO NIGERIAN TEACHERS, CITING 'FAILED LEADERSHIP' AMID ECONOMIC HARDSHIP. (PHOTO).

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 Atiku Apologizes to Nigerian Teachers, Citing 'Failed Leadership' Amid Economic Hardship Abuja, Nigeria - Former Vice President and Presidential Candidate of the African Democratic Congress, Atiku Abubakar, has issued a heartfelt apology to Nigerian teachers, attributing their current economic plight to what he described as the 'failed leadership' of the nation. In a statement released on Monday by his spokesperson, Abubakar expressed deep concern over the escalating cost of living, which he stated is severely hindering teachers' ability to provide for their families and effectively carry out their crucial educational duties. Abubakar, a staunch advocate for education, took a moment to laud the immense sacrifices made by Nigerian educators. Reflecting on his own formative years, he shared a personal connection to the teaching profession. "Of course, I appreciate Nigerian teachers. I am a product of their work and the education I received in their classrooms,...
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NAIRA SCARCITY HITS ABUJA AS ATMS FAIL TO DISPENSE CASH. (PHOTO).

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Naira scarcity hits Abuja as ATMs fail to dispense cash 

Some parts of the Federal Capital Territory, FCT, are beginning to experience paucity of the Naira as Nigerians approach Christmas.

No fewer than seven commercial banks in the AYA area of Abuja failed to dispense cash on Thursday.

A correspondent, who visited these ATMs on Thursday evening, reports that he could not withdraw, and it has been the case for about a week.

Our correspondent, however, observed that Point of Sales, POS, operators lined up in their numbers in front of those banks to make brisk business.

One of the POS operators, who identified himself as Samuel, lamented that the ATMs have not been dispensing cash as expected.

He noted that cash was only available at certain hours of the day.

“Since we entered December these ATMs have not been dispensing as much.

“There is naira scarcity and most likely it may be because we are approaching December, but only CBN can explain this new scarcity,” he said.

This is coming amid the Central Bank of Nigeria, CBN, directive that both the old and the redesigned Naira notes remain legal tender in Nigeria.

The Supreme Court also in its judgment granted the prayers of the federal government to lift the December 31 extension deadline for the usage of N200, N500, and N1,000 notes.

While responding to the judgement, the CBN had this to say: “To avoid doubt, the Supreme Court ordered that the old versions of N200, N500 and N1000 banknotes, alongside the redesigned versions, shall continue to be legal tender.

“Accordingly, in line with Section 20(5) of the CBN Act 2007, all banknotes issued by the Central Bank of Nigeria will remain legal tender indefinitely.”

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