₦airaland Forum

Fearyourcreator:
Half baked with first class... werey leleyi oo

Kukutente23:
Abeg make we shift to cowries
Naira don cast!!


All thanks to APC and their agbado slaves

lordm:
Let it come down, I have an exam to pay for

CodeTemplar:
I thought the corn-warriors said the parallel rates were overblown. Why is I&E approaching the black market now?

ZKOSOSO:
Tilumbumagical economics

The Nigerian naira tumbled to a record low of N993.83 against the dollar at the investors’ and exporters’ (I&E) window.

The I&E window is the country’s official foreign exchange (FX) trading platform.

The FX rate represents a 25.81 percent depreciation of the local currency from the N789.94 recorded on the last trading day.

Data from FMDQ Securities Exchange, a platform that oversees FX trading in Nigeria, showed that the official window recorded a low of N475 and a high of N998 to the dollar on Monday.


FMDQ said trading opened at N794.70 and closed at the rate of N993.83; adding that the daily FX market turnover totalled $88.31 million.

Meanwhile, at the parallel section of the market, the naira sustained its recent gains, trading at N1,150 to the greenback.

Taiwo Oyedele, chairman of the presidential committee on fiscal policy and tax reforms, had said the federal government plans to introduce new FX rules, including a crackdown on illicit currency trading.


He said the government plans to clear a backlog of dollar demand estimated at about $6.7 billion, bolster the naira forward market, and set transparent rules for the operations of the official market.

On October 23, 2023, Wale Edun, minister of finance and coordinating minister of the economy, said Nigeria expects $10 billion in foreign currency inflows to ease liquidity in the foreign exchange market.

ggood:
Happie Boyz Deported to Nigeria from Cyprus




Olóyè T.D Esq @BolanleCole (Twitter)

Toktee:
One married, others in the university.

Toktee:
I live just meters away from this woman place she's a very quiet and simple woman. The girl was sacked for stealing on Friday and was later seen by maiangwan gbaiko's wife leaving the house on Saturday with her load on bike with a guy.... the woman died same Saturday night that the said girl visited.
Well, she's arrested by the police since.

BadMaster:
Laid her househelp on Friday, and found dead on Sunday. They should interrogate the ex-househelp

A lecturer with the Department of Biochemistry, School of Life Sciences, Federal University of Technology (FUT) Minna in Niger State, Dr. (Mrs) Adefolalu Funmilola Sherifat has been found slaughtered in her residence in the Gbaiko Area of the town.

The chairperson of the Academic Staff Union of University (ASUU) in the school Professor Gbolahan Bolarin confirmed this to Channels Television.

Professor Bolarin said her body was discovered on Sunday morning when her church members traced her home after she was not seen during service.

Some residents said after forcing the door to her house open, she was found in her pool of blood with her throat slit and knives found beside her. Police authorities later moved the body to the mortuary.

The spokesman of the Niger Police Command Wasiu Abiodun told Channels Television that further information about the incident would be communicated in due course.

According to some residents, the late varsity teacher’s husband – who was a professor in the same school – had passed on.

Until her death, she was staying with a female house help but laid off the girl on Friday, they added.

iwaeda:
MY ROAD BAD PASS YOUR OWN
Calling Lagos State government. I’m joining Yaw of Wazobia FM, Lagos in drawing the attention of Lagos State Commissioner for Works to the utterly deplorable roads in Lagos. Saying that many of the roads are deplorable is an understatement. So, what you are going to do to be part of the challenge is to post those roads here. I would then forward the pictures to the people in authority. The hashtag is #myroadbadpassyourown#


https://m.facebook.com/story.php?story_fbid=pfbid04KLznrCReWMfCQzkmqnkyF6Kd6oRzudcdkFy9dQCMuZ6soQCPwkxEwUWMjo66Ex1l&id=100004999711703&mibextid

FreeStuffsNG:
We have the best of the best brains among us leading this nation right now. Awa la ni eto se!! Gbabesky!

With ingenious creativity, $7 billion just got unlocked like that!! Now you see how our brains built Lagos and the South West.
Nigeria is in the best hands and brains. We no go school go sell guguru and epa. We went to school hard and hard we studied whenever we remember that our education is being funded from owo oni iru and owo alata petty trading of our parents and forebears. We read in school as if all our lives depends on book. Nigeria is today reaping that knowledge we toiled to acquire with the sacrifices our parents made.

Expect more unleashing of our ingenuity and patriotism. The bar will be raised so high that never again with someone with mediocre third class of a trader step forward to become President and submit GCE o level certificate as his highest qualification. Never again!

Invest in Lagos and neighbouring Yoruba South West Nigeria states to get the greatest return on investment and best investor friendly experience today.
God bless Nigeria for ever!

FreeStuffsNG:
https://www.thisdaylive.com/index.php/2023/10/27/fg-moves-to-securitise-nlng-dividends-for-7bn-cash

Four people have reportedly lost their lives following an attack by bandits in Maru, located within the Maru Local Government Area of Zamfara State.

An indigene of the town, Mohammed Bawa, told The PUNCH that the Emir of Maru, Abubakar Maigari, managed to escape when the bandits invaded his palace, but one of his guards was killed on the spot while others were injured.

According to Bawa, the emir’s vehicles were also damaged due to several gunshots.

He explained that the bandits also returned to the town on Thursday looking for the Emir, and when they could not see him, they moved from house to house, where they killed four people.

Bawa said, “The bandits invaded the Emir’s palace and opened fire indiscriminately in an attempt to kill the Emir, but he escaped.

“They killed one of the palace guards and damaged all the vehicles in that place.

“The bandits also returned to the town last night, and when they could not see the Emir again, they moved from house to house looking for him, and in the process, they killed four people.

“Their funeral prayers have been conducted today, Friday, according to Islamic injunction”.

Meanwhile, the state government has announced the closure of the popular Maru market for fear that the bandits could attack the people today, Friday being the market day.

In a statement, the state commissioner for information, Munnir Haidara, said, “Following the security situation in Maru town, the state government has closed down the Maru market until the security situation is improved.

“The Executive Governor of the State, Dauda Lawal, is sympathising with the families of those who lost their lives during the bandit attack last Thursday night.”

As the Supreme Court gets set to hear appeals seeking to remove President Bola Tinubu from office, the candidate of Peoples Democratic Party, PDP, Alhaji Atiku Abubakar, has said that nothing ought to stop the apex court from accepting his fresh evidence.

Atiku stated this in a reply on point of law he filed to counter objections that President Tinubu, the Independent National Electoral Commission, INEC, and the All Progressives Congress, APC, raised to query the admissibility of documents that were released to him by the Chicago State University, CSU, in the United States of America.



The former Vice President maintained that the documents he is seeking the permission of the apex court to tender, would establish his allegation that President Tinubu was not only ineligible to contest the election, but was equally involved in certificate forgery.

The documents
The documents Atiku is seeking to tender before the apex court are Tinubu’s academic records that the CSU handed over to him on October 2, 2023.

The 32-page documents were released on the orders of Judge Nancy Maldonado of the District Court of Illinois, Eastern Division, Illinois, United States of America.

The US court had ordered the CSU to release the said documents to Atiku, despite Tinubu’s objection.

However, following Atiku’s request to tender the documents, President Tinubu, INEC and the APC raised separate objections wherein they argued that the Supreme Court could not admit the evidence at this stage of the case.

They argued that the 180 days allowed by the law for hearing of petitions against the outcome of the presidential election, had since elapsed.

Tinubu’s objection
According to them, the apex court, at this stage, lacks the requisite jurisdiction to receive and decide on the fresh evidence since it was not presented within the prescribed 180 days.


In his response to the objections, Atiku, through his team of lawyers led by Chief Chris Uche, SAN, argued that contrary to the position of the respondents, “there is no such constitutional limit of 180 days on the lower court to hear and determine a presidential election petition, such that can rob this Honourable Court to exercise its power in any manner whatsoever.

“The parties are agreed that the Constitution is the fons et origo and the grundnorm, and supersedes any other legislation,” he added.

Besides, Atiku maintained that while tribunals were established to deal with election matters from Houses of Assembly, National Assembly and governorship elections, the Constitution gave the jurisdiction to entertain disputes from presidential elections only to the Court of Appeal.

“Thereafter, the Constitution was intentional and deliberate in setting the 180 days limit only for Election Tribunals, and not for the Court of Appeal. On the other hand, when it came to appeals, the Constitution clearly and expressly extended same to the Court of Appeal.

“The Constitution clearly excluded Court of Appeal in the preceding subsection,” he submitted.


Atiku further argued that a cursory look at Section 285 of the 1999 Constitution, as amended, shows that the Presidential Election Petition Court, PEPC, that heard and dismissed his petition, was not an election tribunal.

The Constitution
He contended that the framers of the Constitution limited the application of the 180 days specifically to election tribunals by virtue of section 285(6), excluding the Court of Appeal.

“On the other hand, when it came to the next subsection, namely Section 285(7), they intentionally included and mentioned Court of Appeal.

“The trite maxim, My Lords, is “expressio unius est exclusio alterius”, meaning that the express mention of one thing in a statutory provision automatically excludes any other which otherwise would have been included by implication.

“Furthermore, when granting jurisdiction to the Court of Appeal to entertain presidential election petitions, the Constitution did not pretend that it was conferring the jurisdiction on a “tribunal”; it clearly gave the jurisdiction to the Court of Appeal. Thus, section 239(1) of the Constitution specifically provides thus:-


“Subject to the provisions of this Constitution, the Court of Appeal shall, to the exclusion of any other court of law in Nigeria, have original jurisdiction to hear and determine any question as to whether – (a) any person has been validity elected to the office of President or Vice President under this Constitution.”

Uche also noted that when conferring on the Supreme Court the jurisdiction to entertain appeals arising from decisions in presidential election petitions, the Constitution limited itself to “Court of Appeal” and made no mention of ‘tribunal’.

He cited Section 233 subsections (1) and (2)(e)(i) of the Constitution which provides that: “The Supreme Court shall have jurisdiction, to the exclusion of any other court of law in Nigeria, to hear and determine appeals from the Court of Appeal.

“An appeal shall lie from decisions of the Court of Appeal to the Supreme Court as of right in the following cases – (e) decisions on any question – (i) whether any person has been validly elected to the office of President or Vice President under this Constitution”.

He added that it was based on the above facts that the Presidential Election Petition Court itself administratively refused to be referred to as the “Presidential Election Petition Tribunal”, but the “Presidential Election Petition Court”.


“The case is not whether 2nd Respondent attended Chicago State University, but whether he presented a forged certificate to the INEC.

“That at the trial, a National Youth Service Corps, NYSC, certificate with serial number 173807 presented by the 2nd Respondent to the 1st Respondent was equally tendered by the Appellants/Applicants at the trial as “EXHIBIT PBD 1A” with the name Tinubu Bola Adekunle, which is annexed herewith as EXHIBIT-J,” Atiku added.

seunmsg:
NLNG is not selling in Naira so there is a difference.

As regards Dangote, check the link below.
https://www.thecable.ng/pib-nigerian-refiners-to-buy-crude-oil-in-naira/amp

Curious345:
https://www.vanguardngr.com/2023/10/endsars-former-igp-urges-tinubu-to-declare-october-20-national-freedom-day/