NIGERIAN MAN, CHIMAOBIM ARRESTED AFTER CAUGHT WITH PANTS OFF, EXPOSING SELF IN PUBLIC IN U.S.(PHOTO).

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Nigerian man, Chimaobim arrested after caught with pants off, exposing self in public in U.S U.S. Immigration and Customs Enforcement (ICE) has arrested a Nigerian national, Chimaobim Adedayo Igbojekwe in Pennsylvania after he pleaded guilty to a disorderly conduct charge following a public exposure incident. The U.S. Department of Homeland Security (DHS) said ICE took Igbojekwe into custody on October 1, following his arrest by local police on September 27. According to DHS, Igbojekwe pleaded guilty to the disorderly conduct charge. Following his conviction, ICE arrested him on October 1. Local reports cited by DHS said Igbojekwe was working as a canvasser for Janelle Stelson, the Democratic nominee for Pennsylvania’s 10th Congressional District, when the incident occurred. He was allegedly found in a residential neighbourhood near a park with his trousers down and exposed in public, with residents, including children, in the area. ICE Deputy Director Charles Wall criticised Stelson’s...
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CBN DENIES DISBURSING $1.25BN TO OIL FIRMS FOR IMPORTATION OF PETROL. (PHOTO).

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 CBN denies disbursing $1.25bn to oil firms for importation of petrol


The Central Bank of Nigeria (CBN) has denied disbursing $1.25 billion to major oil sector operators for the importation of refined petroleum products and related items.

On Monday, reports circulated that CBN disbursed $1.25 billion for oil and gas imports in the first quarter (Q1) of 2025.

In a statement on Tuesday, CBN described the reports as “entirely inaccurate and misleading”.

The apex bank explained that the figure of $1.25 billion, cited in its Q1 2025 Sectoral Utilisation of Foreign Exchange report, does not represent direct disbursements from the CBN.

According to the apex bank, the figure reflects the total value of foreign exchange (FX) transactions conducted by participants in the Nigerian Foreign Exchange Market (NFEM) under the willing buyer, willing seller framework.

Hakama Sidi-Ali, CBN’s spokesperson, clarified that the bank no longer allocates foreign exchange since the unification of exchange rates in 2023.

“Since the unification of exchange rates in 2023, the NFEM has operated as a market-driven system, where foreign exchange is sourced and supplied by market participants, not allocated by the CBN,” she said.

“Accordingly, the Bank has not sold foreign exchange specifically for the importation of refined petroleum nor any other products.”

She further explained that the data cited in the report represents aggregate utilisation by authorised dealers and end-users who sourced foreign exchange independently through the market in compliance with existing regulations.

Sidi-Ali emphasised that the transactions were legitimate market activities, not direct CBN interventions in the oil sector.

The spokesperson assured that the CBN remains committed to maintaining a transparent and market-based foreign exchange system that supports efficient price discovery, economic stability, and confidence in Nigeria’s financial system.

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