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Five native doctors repent, surrender shrines 

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Five native doctors repent, surrender shrines 
There was great Joy and excitement Monday 1st April 2024 in Ohanku ancient kingdom, Abia State as five native doctors gave their lives to God and totally surrendered their shrines.

The event took place in Ohanku community during a monthly fasting and prayers organized by His Royal Majesty King Apostle Chibuzor Gift Chinyere who is the King of Ikwuorie Autonomous community.

His Majesty on acceptance of staff of office declared 1st day of every month as fasting and prayers in Ohanku community. He also announced a global crusade in April for the total cleansing and liberation of the community.

Recall that Ikwuorie Autonomous community in Ohanku Ndoki have been without a king for 10 years.

Since he ascended the throne, His Royal Majesty King Apostle Chinyere has taken a bold step to restore peace in the entire community.

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N20, N10, N5 rendered ‘irrelevant’ as inflation bites harder

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N20, N10, N5 rendered ‘irrelevant’ as inflation bites harder
Naira

Across major markets, prices of goods are moving away from the lower denomination of the Naira currencies as inflation bites harder.

Not too long ago, a sachet of pure water cost N5.

However, in the past couple of years, these notes have struggled to get items they could be attached to.

A market survey by DAILY POST showed that more than half of Nigeria’s legal tenders cannot make purchases.

Despite this, the Central Bank of Nigeria, CBN, recognizes the following denominations; 50 kobo, N1 and N2 which are coins, and N5, N10, N20 and N50 which are printed on polymer materials.

A sachet of pure water now sells for N30. Retailed sugar no longer sells for N10, while candies like Tom Tom are retailed at two pieces for N50. To further compound the woes of these notes, goods are now rounded up to 50 or 100, which further makes these currencies irrelevant.

In the past six months, the Naira has depreciated considerably. At one point, it was about N1,900 to a single dollar until the intervention by the CBN with the naira now trading at about N1050 to a dollar.

The implication of it is that N1000, which is Nigeria’s highest denomination, is less than a single dollar.

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Anyone with $1000 is a millionaire in naira based on the current exchange rate, and anyone with $1 has more than N1,000.

Despite the recent surge in the value of naira, prices of commodities have not shown any significant signs of climbing down.

Experts believe that Nigeria’s inflation is a product of many factors, with FX being one of the numerous factors.

SEE ALSO:  BREAKING: EFCC arrests cross-dresser Bobrisky for naira abuse

But despite this, the Nigerian government is still printing some of the lower denomination currencies at a huge cost.

According to reports, in 2016, CBN had to temporarily halt the printing of N5, 10, N20 and N50 due to the cost of production.

The report said it costs N1000 to print each lower denomination because Nigeria Security Printing and Minting plc (NSPM) is unable to print on polymer.

Now experts are calling on the CBN to discontinue the printing of the lower denominations and review the currencies in line with realities.

Abiodun Ayangbemi, an economist, emphasised that the CBN must discontinue the printing of the lower denomination because the majority of those currencies have failed the basic principles of money— means of exchange and store of value.

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“The monetary authorities cannot continue to print those denominations when there is basically nothing to use them for,” he said.

Lekan Olaleye, a monetary policy expert, asked the federal government to take a copy of the re-denomination policy adopted by Ghana some years back.

He argued that the CBN should remove two zeros from the existing notes.

It would be recalled that Ghana had in 2007, re-denominated the Cedis by striking out four zeros from their currency and producing the new Ghana Cedis.

A former CBN Governor, Sanusi Lamido had in 2012 announced a plan to introduce N5000 notes. In the same vein, there was also a plan to coin the lower bank notes of N5, N10 and N20.

However, the policy was met with a strong outcry from the public, who condemned the plan. Thus, the government shelved the plan.

SEE ALSO:  CBN uncovers $2.4bn foreign exchange scam

Years after the botched plan, prices of goods and services have spiked beyond the 2012 level. (Daily Post)

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We’re not aware of Ganduje’s suspension – Kano APC Chairman

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Ganduje, wife, son to be arraigned before Kano court April 17
APC National Chairman and former Governor of Kano State, Abdullahi Ganduje

The Ganduje ward executives of the All Progressive Congress (APC) in Kano State, have denied the reported suspension of APC National Chairman, Dr Abdullahi-Umar Ganduje.

The ward executives made the denial while briefing journalist at the APC State Secretariat, on Monday in Kano.

According to the ward Chairman, Malam Ahmad Ganduje, those purported to have announced the suspension were not members of the party.

He said they were solemnly behind the APC national chairman and have confidence in his style of leadership.

The ward chairman added that they had passed a vote of confidence on Ganduje, and urged all party members in the ward and across the state to remain calm and law abiding.

In his remarks, the APC Chairman, Dawakin Tofa Local Government Area, Alhaji Inusa Dawanau, said the party will take legal action against those the “impersonators”, who announced Ganduje’s suspension.

The News Agency of Nigeria (NAN) reports that, Malam Haladu Gwanjo, who claimed to be the Legal Adviser of APC in Ganduje Ward, had earlier announced the purported suspension of party’s national chairman.
Gwanjo, who cited alleged corruption and other vices as reasons for the suspension, said that the decision was taken by nine executive members of party in Ganduje ward.(NAN)

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Over 1,000 kidnapped victims so far rescued without ransom — FG

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Over 1,000 kidnapped victims so far rescued without ransom — FG

THE National Security Adviser, Nuhu Ribadu, on Monday, said the President Bola Tinubu-led Federal Government has so far rescued over 1,000 kidnap victims without paying a ransom.

Ribadu said this when he received 22 students and staff of the Federal University of Gusau, Zamfara State, rescued on Sunday.

The bandits had, on September 22, 2023, invaded the institution and abducted over 30 students and members of staff.

The Deputy Governor of Zamfara State, Mani Mummuni, who was at the university to sympathise with the families and the school authorities over the incident, called on security agencies to hasten the rescue of the kidnapped students.

In a press statement, the spokesperson for the Zamfara State Police Command, Yazid Abubakar, assured that the command would ensure the rescue of all the kidnapped students, as it had deployed an additional tactical team for search-and-rescue operations.

The police noted that “On September 22, 2023, at about 0250hrs, suspected bandits, riding on about 50 motorcycles, armed with sophisticated weapons, invaded three students’ rented apartments in Sabon Gida Village near the Federal University, Gusau and kidnapped an unspecified number of students, taking them to an unknown destination.”

Seven of the students were rescued while two escaped, leaving 22 others in captivity.

On Sunday, the 22, comprising 15 students and seven workers of the university, were rescued in an exercise coordinated by the National Counter-Terrorism Centre.

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Speaking while receiving the students in Abuja, the NSA appreciated the security operatives for rescuing the students “without losing anyone of them or paying any ransom.”

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He said, “On behalf of the President, I thank all those involved in the successful rescue of the victims without losing anyone of them or paying any ransom.

“This is yet again a success story in our efforts to free all those being unlawfully held in captivity.

“We have so far released over a thousand such victims without noise and with complete respect to their privacy and safety.

“This occasion marks a final juncture in a series of rescues we have undertaken in the last few months, to free victims of recent cases of mass abductions.

“Going forward, we are strengthening law enforcement and security measures to prevent these abductions and strengthen physical security across vulnerable communities.”

Ribadu urged the students and university workers not to allow their experience to break them, but should rather make them stronger.”

In March, the military rescued 137 students kidnapped from Kaduna State, with the Federal Government saying no ransom was paid, despite that the bandits demanded N1bn.

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The NSA also thanked the parents of the rescued victims for their patience and understanding during the period and commended security agencies for their sacrifices.

Earlier, the National Coordinator, NCTC, Maj-Gen Adamu Laka (retd.), said search and rescue operations conducted by security agencies led to the release of the students in three batches.

He said, “Search and rescue was conducted by a combined team of law enforcement agencies and the abductees were subsequently released in three batches, after 207 days in captivity.

“The first batch was rescued on March 15 the second batch was rescued on April 12 and the last batch rescued on April 14.

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“All the abductees were profiled at NCTC while the ONSA Medical Team examined them and administered minor treatments on the bruises sustained by three of them.

“Four of them were diagnosed with malaria and are being treated. None of the females was molested and all the females tested negative for pregnancy test.”

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