TROOPS OF OPERATION WHIRL STROKE ARREST HIGH PROFILE CRIMINAL IN BENUE COMMUNITY. (PHOTO).#PRESS RELEASE

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 TROOPS OF OPERATION WHIRL STROKE ARREST HIGH PROFILE CRIMINAL IN BENUE COMMUNITY Troops of Operation WHIRL STROKE arrested a high-profile suspected criminal during an intelligence-driven operation in Agasha Village of Guma Local Government Area, Benue State, following a report of an attack on a local resident. The operation was launched on 13 March 2026 after security agencies received credible information regarding an attack on Mr Shaapera Seeta Michael in Agasha Village. Acting swiftly on the report, troops of the Chief of Army Staff (COAS) Intervention Battalion XI deployed under Operation WHIRL STROKE mobilised immediately to the affected area to track down the suspect responsible for the assault. Upon arrival, the troops cordoned the area to prevent the suspect from escaping while conducting a targeted search operation aimed at identifying and apprehending the alleged attacker. The suspected militia member identified as Mr Suurnen David Akum, aged 27, from Agasha Village in G...
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CBN DENIES SELLING FX AT N1, 301/$ TO BDCs. (PHOTO).

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 CBN denies selling FX at N1,301/$ to BDCs


The Central Bank of Nigeria (CBN) has dismissed claims that it is selling foreign exchange (FX) to eligible Bureau de Change (BDC) operators at N1,301 per dollar.


In a statement posted on X on Tuesday, the CBN clarified that a widely circulated document suggesting such a transaction did not originate from the bank.


The fake circular claimed that BDCs were permitted to sell FX to eligible end-users at a margin of no more than 1% above the purchase rate from the CBN. It further alleged that the CBN had implemented measures to address exchange rate distortions and approved the sale of $20,000 to each BDC at the rate of N1,301 per dollar.


“Following ongoing reforms in the foreign exchange market to achieve an appropriate market-determined exchange rate for the Naira, the Central Bank of Nigeria (CBN) has observed continued price distortions at the retail end of the market, feeding into the parallel market and widening the exchange rate premium,” the fraudulent document stated.


The fake circular also detailed instructions for BDCs, including making Naira payments to designated CBN Foreign Currency Deposit Accounts and submitting necessary documentation at specific CBN branches in Abuja, Awka, Lagos, and Kano.


However, the CBN has categorically denied these claims, describing the information as false and unaffiliated with the bank.


It is worth noting that on September 6, 2024, the CBN approved the sale of dollars to BDC operators at a rate of N1,580 per dollar.

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