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Cashless policy: Reps ask CBN to Suspend Charges on Deposits

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The House of Representatives has asked the Central Bank of Nigeria to suspend the charges imposed on cash deposits in the implementation of its cashless policy.

The suspension, according to the federal parliament, should remain until the apex had made due consultations with all relevant stakeholders.

Call for the suspension was contained in a motion unanimously adopted during Thursday’s plenary, which was moved by Chairman of the House Committee on Media and Public Affairs, Mr Benjamin Kalu.

Adopting the motion, the lawmakers resolved to urge the CBN to “suspend the implementation of the cashless policy on deposits which has taken effect from Wednesday, 18th September, 2019, until appropriate and extensive consultative process is concluded.” They also resolved to mandate the House Committee on Banking and Currency to interface with the CBN to “ascertain the propriety, relevance and the actual need for the implementation of that aspect of the cashless policy at this time, considering the prevailing economic situation of the country and to report back to the House within four weeks.”
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Kalu, while moving the motion, said the House was against implementation of the policy as it would cause more hardships for Nigerians.

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The British Left Two Devils Behind When They Left Nigeria -Bode George

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“I have said it before, there are two devils left behind when the British left Nigeria. The first was tribalism. They planted it as a devil and the second is Religious bigotry. What has these issues got to do with managing people.

“Nobody selected himself that I want to be Yoruba, Igbo or Hausa man. No. You just popped out and whether you are a Muslim or Christian is irrelevant.

“In all religions that I know, you are told to love your Neighbor as yourself. What you will not accept, don’t do it to another neighbor because if you pack up and die, that’s the end. Let us have an impact of governance.” -Chief Bode George On AriseTV News

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After years of evading arrest, NDLEA nabs most wanted Lagos drug baron, Temo

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After many years of wearing the toga of invincibility, the overall head of the Mushin, Lagos drug cartel, 57-year-old Alhaji Sulaiman Jimoh (alias Olowoidiogede, populary known as Temo), has been arrested by operatives of the National Drug Law Enforcement Agency, NDLEA, at his enclave after an initial resistance from him and his horde of hoodlums.

In the last two years, the NDLEA had intercepted large consignments of illicit drugs worth billions of naira owned by Temo but he has remained largely evasive while a few encounters with him and his armed gangs in his Mushin enclave had resulted in gunfight.

Some of the recent seizures of his shipments include: a 14, 524.8 kilograms of Ghana Loud, a strong strain of cannabis sativa, smuggled into Lagos from Ghana in two trucks and a J5 bus intercepted at Ojuelegba area of Lagos in the early hours of Sunday 28th January 2024; two truck-loads of the same substance weighing 8,852kg intercepted at Eleko beach, Lekki Lagos on 4th May 2023 and 252kg of Loud seized from his enclave in Mushin on Wednesday 26th July 2023. Indeed, in the last two encounters, his men engaged NDLEA operatives in gunfight.

The drug kingpin was very notorious for always being on the move to evade arrest but with persistence and determination of the Agency aided by modern tools and intelligence, the concerted effort to get him paid off at 10am on Monday 22nd July 2024 when NDLEA’s surveillance teams on his trail tracked and pinned him down at Igbarere street, Mushin. A reinforcement of about 50 operatives was immediately mobilized to the area while he was attempting to escape in a Mercedes Benz SUV GLE 350 marked 01G-300G. His attempt to escape by mobilizing hoodlums to engage and distract the operatives however failed after which he was overpowered and whisked away from the chaotic scene while his men surrendered to the superior firepower of the anti-narcotic agents who also succeeded in recovering the Mercedes Benz SUV the suspect was found in.

In his reaction to the arrest of Temo, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) commen

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Peter Obi Writes Onanuga, Demands Apology, N5bn within 72 Hours

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The Presidential Candidate of our Labour Party in the 2023 general elections, Peter Obi has demanded from the Special Adviser on Communication and Strategy to the President, Mr. Bayo Onanuga, the retraction of his wild allegation, linking him as behind the planned mass protest being planned for August.

Obi, writing through his counsel, Chief Alex Ejesieme, SAN of the MADIBA Chambers, said that the allegation which was widely published in social and mainstream media and read by many within and outside the country maligned his hard-earned reputation as a man who indulges in violence when all his antecedents are vivid that he abhors violence even in the face of extreme provocation.

“It’s our client’s conviction that the publication was a calculated plot to demean, ridicule, humiliate and embarrass him by the estimation of every right thinking member of the society”

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