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Senate summons CBN gov on state of economy, Naira free fall

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Senate summons CBN gov on state of economy, Naira free fall
• CBN Gov, Mr Olayemi Cardoso
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The Senate on Wednesday summoned governor of the Central Bank of Nigeria, CBN, Mr Olayemi Cardoso over the free fall of the Naira and hyper inflation.

The summon was through its Committee on Banking, Insurance and other Financial Institutions headed by Senatorial Adetokunbo Abiru.

The governor and his team were asked to appear on Tuesday next week to explain the state of the economy and the free flow of the Naira at the forex market.

The Committee at a meeting on Wednesday expressed concern over the endless weakling of the Naira that saw it rose to N1,520 to a US dollar as at Wednesday.

Speaking with journalists after the meeting held behind closed door at the National Assembly, Senator Abiru said the state of the economy, especially the inflation index was of great concern to the lawmakers.

He said “We have held a meeting this afternoon essentially to focus on the direction of the Nigerian economy.

“We are all living witnesses of what is going on.

“Underlining the major issue of the economy is the way the inflation index has been and of course it is a major concern to us.

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“We have deliberated among ourselves. Critical issues were addressed and we believe that the next line of action is to summon the governor of the Central Bank on Tuesday at 3 O’clock to brief us properly on the state of the economy.

“That we have resolved and will communicate to the governor of the Central Bank after which we will have further communication with members of the press.”

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Gunmen attack mother, sister of Taraba Gov

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Gunmen, suspected to be bandits, reportedly attacked Jumai Kefas, the mother of Taraba State Governor, Agbu Kefas, along with her daughter, Atsi Kefas.

The attacks which occurred on Thursday, reportedly took place along Kente Road in Wukari Local Government Council of the state.

Confirming the attacks, the council chairman of Wukari, Dauda Samaila Agbu, expressed sadness over the incident.

Describing it as “deeply troubling,” he disclosed that Atsi Kefas sustained a gunshot wound during the attack and was initially treated at the Federal Teaching Hospital in Wukari, before rushing her to Abuja for further treatment.

“Her condition was stabilised before she was airlifted to Abuja for further medical attention,” he added.

The council chairman called on residents to remain calm and assured them that efforts are underway to apprehend those responsible for the attack.

The Taraba State Police Command also confirmed the incident, through its Public Relations Officer, Usman Abdullahi.

He stated that the attack was reported as an armed robbery.

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He, however, did not confirm if the victims were related to the governor.

According to the police spokesperson, one of the occupants of the vehicle sustained gunshot injuries.

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School Proprietor jailed six months for calling parent a prostitute

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Court orders final forfeiture of ‘Telecom Experts’ fraudulent property in Enugu
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Paul Okugbowa, the proprietor of Calvary Crown Academy in Benin City, has been sentenced to six months in prison for publicly calling the mother of one of his pupils a prostitute.

Chief Magistrate Caroline Oghuma delivered the verdict and also sentenced three teachers from the school to varying prison terms for negligence.

The four defendants were arraigned on charges under Sections 167(2), 412, 270, 412, and 267 of the Criminal Laws of Edo 2022.

In her ruling, Magistrate Oghuma offered Okugbowa the option of paying a fine of N100,000 as an alternative to imprisonment.

The three teachers—Blessing Osarodion, Egharevba Esosa, and Isioma Nimen—were found guilty of negligence for abandoning two pupils in their care.

Osarodion and Esosa were sentenced to one year in prison or a N100,000 fine for two counts of negligence, which resulted in the injury of a 6-year-old pupil, Salma Aigbudu.

Nimen was sentenced to three months in prison or a fine of N50,000 for unlawfully abandoning another pupil, Zuri Aigbudu.

The incident that led to Okugbowa’s conviction took place on September 8, 2023, at the AIG Zone 5 headquarters in Benin City.

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Okugbowa was accused of publicly calling Mrs. Blessing Aigbudu, the mother of the two pupils, a prostitute in front of her husband and onlookers, causing a disturbance.

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COAS tasks media practitioners on responsible, balanced reporting

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The Chief of Army Staff (COAS), Lt.-Gen. Olufemi Oluyede, has tasked media practitioners in the South-East on responsible and balanced reporting on operations and activities of the Nigerian Army.

Oluyede gave the task in Enugu on Thursday in an address at the Nigerian Army Civil-Military Cooperation Quarterly Media Chat for the Fourth Quarter of 2024, with the theme: “Military and Media Relationship: A Panacea for Enhanced National Security and Development”.

The COAS, represented by Maj.-Gen. Hassan Dada, General Officer Commanding (GOC), 82 Division of the Nigerian Army, noted the need to strengthen collaboration and create opportunities for open dialogue between the Nigerian Army and the media.

According to him, these open dialogues are essential requirements for robust and mutually beneficial relationship.

He said that establishing regular communication channels would enable transparent reporting on military operations, timely dissemination of information, and help counter misinformation effectively.

He said, “I urge media practitioners to prioritise accuracy and fairness in reporting on Nigerian Army activities and balancing the public’s right to information with national security considerations.

“It is also crucial to avoid spreading misinformation or content that could jeopardise national unity and security. Through collaboration, we can enhance, public understanding, build trust and contribute to the greater good of our nation.

“This partnership should extend beyond conflict reporting to include national development and community engagement. Ok

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“By highlighting initiatives that improve the lives of citizens, we can promote a united front against violent armed groups and distractions from nation-building.”

The COAS revealed that Nigerian Army had been intensifying operations across various regions to address the complex security challenges the nation currently faces.

“I am pleased to report significant successes, including the neutralisation of terrorists, the rescue of abducted citizens and restoring socio-economic activities in affected communities.

“As we continue these operations, I call on all Nigerians to support the Army and urge the media to maintain responsible and balanced reporting.

“The Nigerian Army remains committed to fostering a strong and mutually beneficial relationship with the media, essential for safeguarding our territorial integrity and advancing national development,” he said.

Speaking, the Chief of Civil-Military Cooperation, Maj.-Gen. Nosakhare Ugbo, appreciated the COAS and the Commander-in-Chief, President Bola Tinubu, for supporting and funding the media chat to build a robust understand between the Nigerian Army and media.

Ugbo also thanked the media practitioners and executives for taking out time to relate with the Nigerian Army and proffering solutions to localised security challenges.

The Special Guest of Honour to the event, Chief Executive Officer of Guardian Newspaper, Mr Toke Ibru, noted that the media chat and its theme were apt to create accessibility of the public especially media to get correct information and drive away misinformation.

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“The event will also enable the Nigerian Army understand how the media functions, including its challenges and pressures; and through this means better the relationship,” Ibru said.

Maj,-Gen. Godwin Umelo (retired), in a lecture titled: “Enhancing National Security through Whole of Society Approach: Effective Information Management in Perspective”, said that the people must get involved in the security of their neighbourhoods and communities.

“Security is everybody’s business in the society and we needed to give security agencies especially the Nigerian Army all the support in terms of actionable information to respond to security threats on time,” Umelo said.

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