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CBN lifts forex restriction on 43 items

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 •CBN Governor, Yemi Cardoso
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The Central Bank of Nigeria (CBN) has restated commitment to boost liquidity in the Foreign Exchange (FX) market.

CBN’s Director, Corporate Communications, Dr Isa AbdulMumin, made this known on Thursday in Marrakech.

AbdulMumin also announced that Importers of all the 43 items previously restricted in 2015 are now allowed to purchase foreign exchange in the Nigerian FX market.

He said that the apex bank would continue to promote orderliness and professional conduct by all participants in the market.

According to him, the idea is to ensure that market forces determined exchange rates on a “Willing Buyer-Willing Seller” principle.

“The CBN reiterates that the prevailing FX rates should be referenced from platforms such as the CBN website, FMDQ, and other recognised or appointed trading systems.

“This is to promote price discovery, transparency, and credibility in the FX rates,” he said.

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The director said that as part of its responsibility to ensure price stability, the apex bank would boost liquidity in the Nigerian FX market by interventions from time to time.

“As market liquidity improves, these CBN interventions will gradually decrease.

“The CBN is committed to accelerating efforts to clear the FX backlog with existing participants and will continue dialogue with stakeholders to address the issue.

“The CBN has set as one of its goals the attainment of a single FX market. Consultation is ongoing with market participants to achieve this goal, ” he said.

Below is the full list of the 43  items:

1. Rice

2. Cement

3. Margarine

4. Palm kernel

5. Palm oil products

6. Vegetable oils

7. Meat and processed meat products

8. Vegetables and processed vegetable products

9. Poultry and processed poultry products

10. Tinned fish in sauce (Geisha)/sardine

11. Cold rolled steel sheets

12. Galvanized steel sheets

13. Roofing sheets

14. Wheelbarrows

15. Head pans

16. Metal boxes and containers

17. Enamelware

18. Steel drums

19. Steel pipes

20. Wire rods (deformed and not deformed)

21. Iron rods

22. Reinforcing bars

23. Wire mesh

24. Steel nails

25. Security and razor fencing and poles

26. Wood particle boards and panels

27. Wood fiberboards and panels

28. Plywood boards and panels

29. Wooden doors

30. Toothpicks

31. Glass and glassware

32. Kitchen utensils

33. Tableware

34. Tiles-vitrified and ceramic

35. Gas cylinders

36. Woven fabrics

37. Clothes

38. Plastic and rubber products

39. Polypropylene granules

40. Cellophane wrappers and bags

41. Soap and cosmetics

42. Tomatoes/tomato pastes

43. Eurobond/foreign currency bond/ share purchases

 

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DSS releases Nnamdi Kanu’s doctor, Aghaji

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Martin Aghaji, retired professor
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…insider sheds light on reason for his arrest

Professor Martin Aghaji, personal doctor to Nnamdi Kanu, has been arrested by Nigeria’s security operatives, Aloy Ejimakor, Mr Kanu’s lawyer said in an X post on Saturday.

Mr Kanu is the convicted leader of the outlawed Indigenous People of Biafra (IPOB). He is serving life imprisonment in Sokoto State after a federal high court in Abuja convicted him in November for terrorism.

Mr Ejimakor said in the X post that Mr Aghaji, a retired professor, was arrested at his residence in Enugu State on Friday.

The lawyer did not specifically say which operatives arrested the medical doctor, although he suggested that the arrest was connected to a medical report issued by the doctor on Mr Kanu which contradicted a similar report by the Department of  State Security (DSS).

“This is the height of the official harassment he has been facing since he issued the medical report that did not comport with the SSS’s medical report on Mazi Nnamdi Kanu,” Mr Ejimakor said.

How they arrested the medical doctor

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In another post on Sunday evening, the lawyer claimed “the security operatives” stormed Mr Aghaji’s residence at about 3:00 a.m., violently pulled down his gate and forcibly gained entry” into the apartment.

“During the commotion, shots were fired. They’ve now taken him to Lagos,” he stated.

Release of the doctor

Mr Ejimakor, in a fresh post on Sunday night, announced that Mr Aghaji has been released from detention following the intervention of the Nigeria Medical Association (NMA) and other bodies.

“While welcoming this development, the DSS is hereby admonished to do better than this,” he said, suggesting that the secret police earlier carried out the arrest.

DSS speaks

When contacted on Monday, the spokesperson of the DSS, Favour Dozie, confirmed the secret police indeed arrested Mr Aghaji from his residence in Enugu.

Ms Dozie, however, said the arrest was never linked to Mr Kanu or IPOB.

“He was arrested, but not in connection with Nnamdi Kanu,” she said, refusing to give details because the matter was under investigation.

The DSS spokesperson stressed that the retired professor’s arrest could not have been linked to Mr Kanu because the IPOB leader had already been convicted by a court and currently serving jail term.

She confirmed that Mr Aghaji was granted administrative bail and subsequently released to the NMA leadership in Lagos State on Sunday after providing a credible individual as his surety.

An official of the DSS later informed PREMIUM TIMES that Mr Aghaji’s arrest followed his alleged financial transactions to high-profile criminals under investigation.

“He was even sorry about it when he was informed of the transactions he made. The man himself felt very stupid,” said the official who asked not to be named because he did not have permission to speak on the matter.

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PFIPC: Adeyemi’s father arrested as police intensify forgery probe

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The father of Prince Adeyemi Adeniyi, who is facing criminal charges over alleged forgery and impersonation, was reportedly arrested by police operatives on Monday in Ogbomoso, Oyo State.

Residents told journalists that the arrest took place at the family’s residence, where officers reportedly arrived in several vehicles before taking Adeniyi’s father and another man said to have been visiting the home into custody.

Witnesses said the operation drew the attention of residents and caused anxiety within the household, particularly for the suspect’s elderly mother.

A resident, who requested anonymity, alleged that the officers quickly secured the premises and left with the two men, while a security presence remained in the area for some time after the operation.

Prince Adeyemi Adeniyi is currently standing trial over allegations of forgery, impersonation and related offences arising from claims linked to the purported Presidential Fiscal and Infrastructure Projects Council.

The case is pending before the court.

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As of the time of filing this report, the Oyo State Police Command had not issued an official statement confirming or explaining the reported arrests.

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Tiktoker, Peller, arraigned in court for threatening and videoing police officers on duty; granted 500k bail

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Peller
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The Lagos state police command today July 6 arraigned popular TikToker, Habeeb Hamzat aka Peller, and one other, Bello Oladipo, before a magistrate court on a three-count charge bordering on resisting police officers, obstructing them from carrying out their duties, and threatening and videoing police officers while performing their lawful duties.

Recall that on July 2, Peller clashed with some officers along the Coastal road in Lagos after he was intercepted for allegedly driving a car without a plate number.

Peller had claimed he had just purchased the vehicle.

The officers, however, dismissed his claim and insisted he must be taken to the station. Things, however, took a different turn after Peller began recording his interaction with the police officers.

He claimed the officers became hostile to him. He alleged that one of the officers dragged his shirt and even pointed a gun at him.

Monday morning, both Peller and his friend, who was in the vehicle with him, were arraigned before a Lagos Magistrate court.

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Count one of the charges reads:

‘’That you Bello Oladipo “m” and Habeeb Hamzat “m” of No. 16,Platinum Road Lekki phase 2 , on the 2” day of July 2026 at about 2000hrs at Coastal Road Lekki, Lagos within the Magisterial district of this Honourable Court, did conspire amongst yourselves to commit felony to wit: Resisting public officers and thereby committed an offense punishable under Section 411 of the Criminal Laws of Lagos state 2015.

COUNT 2

‘’That you Bello Oladipo “m” and Habeeb Hamzat “m “ of Number 16, Platinum Road, Lekki Phase 2, on the 2’” day of July 2026 at about 2000hrs at Coastal Road Lekki, Lagos within the Magisterial district of this Honourable court did obstruct one ASP Agbede Victor and three other police officers while engaged in the discharge of their constituted duties and thereby committed an offence contrary to and punishable by Section 117 (1)(2) of the Criminal Laws of Lagos State 2015.”

Both defendants pleaded not guilty to all three counts.

The court subsequently granted them bail in the sum of N500,000 each with two sureties, one of whom must be a bl++d relative. The court also directed them to present two years’ tax clearance certificates as part of their bail conditions.

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