₦airaland Forum

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Alex RExtorts?

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Abagana - Nimo Rd.....

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$1 = N900........

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Operatives of the Economic and Financial Crimes Commission raided the offices of black market currency dealers in Abuja on Tuesday in a bid to halt the rapid fall of the naira.

Naira plunged rapidly between Monday and Tuesday to more than 840 in Abuja a week after the the Central Bank of Nigeria said it will replace higher notes to fight counterfeiting, inflation and insecurity.

President Muhammadu Buhari has backed the move, saying it will help fight corruption. His finance minister criticised the policy.

Hopes the policy could help fight money laundering appears to have backfired as suspected holders of illicit cash scramble to change their stash into foreign currencies, fueling demand for dollars and a further plunge in the value of naira.

The currency crossed the 800 mark for the first time weekend and the decline has shown no sign of abating. On Tuesday, traders told PREMIUM TIMES they were buying a dollar for as high as 840, implying they would sell more.

A PREMIUM TIMES reporter at the Wuse Zone 4 area of Abuja where currency traders conduct their unauthorised deals, said armed operatives of the EFCC stormed the Sheraton Hotel area of Abuja, arresting Bureaux De Change (BDC) operators.

Our reporter saw two white buses parked in front of the Musawa House along Constantine Street of Wuse Zone 4.

The anti-graft operatives were seen dragging a BDC operator into one of the waiting vehicles, while people surged towards the officials.

Other EFCC officials stood at an intersection between Sheraton Hotel and Constantine Street adjacent Abacha Estate in the Wuse area as vehiclar traffic grew.

BDC operators who did not want to be named for fear of arrest, said the dollar sold at N860 as of 1p.m on Tuesday.

“For now, there is no dollar to sell. This morning (Tuesday), a dollar was selling for N850, while I bought a dollar at N840,” the operator said.

“As of 1.53p.m, the USD was selling between N870 and N900 depending on sellers and buyers bargaining power,” another BDC operator told PREMIUM TIMES.

https://www.premiumtimesng.com/news/headlines/562782-breaking-efcc-raids-black-market-forex-offices-as-naira-falls-rapidly.html

Bout or Beating.....?

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.....don't try enter any ring with Fury!

A high-level meeting of the All Progressives Congress, APC, in Kano on Monday turned bloody as the Majority Leader of the House of Representatives, Alhassan Doguwa attacked the deputy governorship candidate of the party, Murtala Garo.

The meeting, held at the residence of the Deputy Governor Nasir Gawuna, was organised to review the successes and failures recorded during the the visit of the party’s presidential candidate, Bola Tinubu.

DAILY NIGERIAN gathered that the incident occured when Mr Doguwa, who was not invited to the meeting, went to see the chairman of the party, Abdullahi Abbas.

An insider told DAILY NIGERIAN that upon arrival at the venue, Mr Doguwa began complaining that he was sidelined by the party leaders on matters pertaining to funds, but only invited to execute difficult party assignments.


“Alhassan Doguwa first engaged the deputy governor in a verbal attack before turning to Murtala Garo. He complained that Murtala ordered his boys to cover his picture on the party’s banners during Tinubu’s visit, while in reality Murtala had no hand in that,” a source said.

“At that moment, Murtala attempted to call him to order, rebuked him for his unruly behaviour and reminded him about how he abused his (Murtala’s) parents the previous night during a meeting in his (Doguwa’s) residence at Kwankwasiyya City.”

Infuriated by Mr Garo’s challenge, DAILY NIGERIAN gathered that Mr Doguwa grabbed the deputy governor’s tea cup and threw it at Mr Garo.

Our reporter gathered that in an attempt to deflect the attack with his hand, the shards of broken glass cup hit Mr Garo on his hand and injured him.

However, the meeting ended after the incident, with the deputy governor warning Mr Doguwa to stay clear of his house.

Prior to the Monday incident, DAILY NIGERIAN gathered that Mr Doguwa had allegedly poured invective on the state commissioner for Information, Mohammed Garba, for not putting his name on the schedule of speakers during Governor Abdullahi Ganduje’s recent book launch in Abuja.

Another insider added during Mr Tinubu’s visit to Kano, Mr Doguwa had also threw a folded babbarriga gown on the face of the chairman of the APC caucus in the House of Reps, Ali Wudil, for not having his (Doguwa’s) portrait on the gown.

Efforts to speak to Mr Doguwa were unsuccessful as his known mobile numbers were switched off at the time of filing this report.

Mr Garo did not also respond to our reporter’s call.

https://dailynigerian.com/kano-apc-meeting-turns-bloody/

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Wetin Buhari dey smell like dat?

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Local Govt Chairman......or Councillor in some states.

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Celine2:
Impressive as well

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The Minister of Agriculture and Rural Development, Dr.Mohammed Abubakar has dismissed concerns that Nigerian would experience food shortage in the coming months.

Abubakar said this, while responding to questions from lawmakers on Monday at the budget defence session of the ministry.

The budget defence was jointly organised by Senate and House of Representatives Committee on Agriculture.

Some of the lawmakers in their separate submissions had decried the effect of flooding in the country to farm products, saying that projections had been made that Africa may experience food shortage given the stoppage of grains importations occasioned by Russian Ukrainian wars.

But Mohammed who reacted quickly to the insinuation about food scarcity, in the coming months said “we will not allow that to happen, I can guarantee you by the Grace of God, because we have measures in place.

“One of the measure is dry season farming, which we have in place and the money, we are working with Ministry of Finance, we have gotten money from financing agencies, one of them is AFDB, and we will intensify dry season farming,” the minister said.

According to the Minister,” although flood is a natural phenomenon that could not be stoped, it could in some situations be used to benefit agricultural production.

He said the ministry was already assessing the flood situation on extent of damage done to farm lands and crops like, rice, maize and the number of farmers affected.

He added that the immediate intervention by the Ministry of Humanitarian Affairs and Disaster Management that are currently distributing grains provided by the agric ministry is paying off.

According to him, the ministry has programmes lined up to address issues of flooding of farm produce.

On supporting of farmers, for increased crop production,he said the ministry was distributing inputs every year in every geo- political zones,adding that records of the distribution including farm implements to farmers was available.

“We have insurance scheme for farmers who are flood victims, for those under insurance coverage ,we process and pay them, and for those who don’t have we do intervention from the government from time to time.

He said in line with the directives of President Muhammadu Buhari for the provision of a master plan to mitigate flood, the ministry was collaborating with Ministries of Water Resources and Environment.

According to him, the ministry has gone far in executing 2022 budget, adding that several agric projects and programmes has been awarded for implementation.

“We are improving production of agriculture products in areas where security is okay to make up for areas that is challenge security wise and security agencies are helping to provide some measures of security.

“We have big project for tractorization and it is on going, we have countries where companies have already pledge to invest in agro processing zones,for example the Kwait firms have already committed 100 million dollars.

Chairman, Senate Committee on Agriculture.Abdullahi Yahaya(APC-Kebbi) said agric ministry must ensure that its budget was specific and focused on programmes to be executed.

He said there was also the need to ensure that preparation of budget entailed collaboration with representatives of the people so as to benefit the people.

He said it was appalling that a country of over 200 million people would have a low budget on agriculture, saying that it was nothing to write home about, given the importance of agriculture to growth and development of the economy.

Abdullahi, however, said the Federal Government in the last four years has done creditably well on releases of budget fund for execution of projects in the agric sector and other MDAs, saying that the MDAs had gotten not less than up to 70 to 80 per cent of their capital release.

This he said, was made possible via the consistent efforts of the National Assembly on the budget processing and approvals

https://authorityngr.com/2022/10/31/fg-dispels-concerns-over-imminent-food-shortage-coming-months/

They are stopping and searching themselves...


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National cake......

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Drugs money....

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I dey come...

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