OPERATION HADIN KAI FOILS MASS ABDUCTION ATTEMPT AT FGGC MONGUNO. (PHOTOS). #PRESS RELEASE

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 PRESS RELEASE OPERATION HADIN KAI FOILS MASS ABDUCTION ATTEMPT AT FGGC MONGUNO Troops of Operation HADIN KAI (OPHK), in collaboration with personnel of the Nigeria Police Mobile Force (MOPOL), successfully foiled an attempted mass abduction by ISWAP terrorists at the Federal Government Girls College (FGGC), Monguno, at about 0130 hours (1:30 a.m.) on 19 July 2026. The FGGC facility is currently being utilized by the Borno State Government as temporary hostel accommodation for students of the Federal Polytechnic, Monguno. The terrorists reportedly gained access to the facility with the assistance of suspected collaborators in an attempt to abduct students. Alert security personnel immediately engaged the terrorists with coordinated and overwhelming firepower, effectively stalling their advance with Sector 3 Quick Reaction Force (QRF) immediately reinforcing the school. Confronted by the superior combat capability and determined resistance of the security forces, the terrorists were...
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SUBSIDY REDUCED, NOT REMOVED'- REWANE. (PHOTO).

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Subsidy reduced, not removed’ – Rewane

The Chief Executive Officer of the Financial Derivatives Company, Bismarck Rewane, has said that subsidy was not removed but reduced.

He stated this when he appeared on Channels Television’s on Sunday evening.

During the programme, Rewane also highlighted the effects of the reduction in fuel subsidy and how it has affected Nigerian salary earners.

“At the inauguration, it was said that subsidy was gone but subsidy was actually reduced,” he said.

According to Rewane: “There is the convergence of exchange rates and reducing the windows into one. The consequence of that money has been transferred from consumers to the government.

“Subsidies are reversed taxes; if you reduce them, you increase the people’s taxes and reduce their income. What has happened is that government revenue has increased by 44% between May and June. Money has been transferred to the government but what is the government doing with it?

“The consumers, on the other hand, had a minimum wage, which in dollar terms was 40 dollars in 2002. In 2019, it was about 70 dollars but it has now been reduced to 24 dollars.”

 

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