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Again, Naira crashes to record low at official market

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The value of the Naira, Nigeria’s official currency, fell further by 1.68 per cent against the dollar at the official market on Thursday.

At the Investor & Exporter foreign exchange window, the local currency opened at 413.15/$1 on Thursday but closed at 422.07/$1.

The naira had depreciated by 0.19 per cent to 415.10/$1 on Wednesday after closing at 414.30/$1 on Tuesday.

At the parallel market, the dollar was bought at N565 and sold for N570, according to some operators in the black market.

The Central Bank of Nigeria, however, maintained N410.91/$1 as its official rate on its website.

In July, the CBN stopped forex sales to the Bureau de Change operators and assured that it would supply forex to legitimate users through the banks.

 

READ  Naira crisis: Sanwo-Olu calls for continuous calm
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IGP: Fainting by minors in court was scripted

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Kayode Egbetokun, inspector-general of police (IGP), says the fainting by some minors at the Abuja federal high court was “scripted”.

On Friday, the police arraigned 76 suspects – who are mostly minors – for participating in the #EndBadGovernance protest in August.

They are facing 10 counts bordering on mutiny, treason, and destruction of public property.

 

Before they could take a plea, at least four of them collapsed. The court later granted the defendants – who looked ill and malnourished – N10 million bail each.

 

In a statement, Olumuyiwa Adejobi, spokesperson of the police, quoted Egbetokun as saying that the police have worked to balance justice with compassion and ensured that each suspect’s basic rights and privileges are respected.

 

“Today, an unexpected incident in court saw six of the suspects suddenly rush out and faint, drawing media attention in a deliberate and scripted manner to draw negative attention,” he said.

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“Medical aid was promptly provided to these individuals, demonstrating the Police Force’s commitment to the welfare of those in its custody, irrespective of the allegations they face.

 

“While committed to upholding justice, the Nigeria Police Force remains sensitive to the rights of all individuals, including young persons. Under Nigerian law, individuals who have reached the age of criminal responsibility are answerable for their actions, regardless of their age.

 

“This principle aligns with global practices, where accountability is upheld for young individuals who commit serious offenses. As seen in other jurisdictions, including the United Kingdom, age does not exempt individuals from facing legal consequences.

 

“However, each case is approached with empathy and in accordance with human rights standards.”

 

The IGP added that the police would maintain “professionalism” throughout the legal process.

 

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Police arrest 16-year-old girl for poisoning ex-boyfriend, four others

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The Edo State Police Command has detained a 16-year-old girl, Aisha Suleiman, who is accused of fatally poisoning her ex-boyfriend, identified as Emmanuel, and four other young men in Afashio community in the Etsako West Local Government Area of Edo State.

The tragic discovery was reported on October 26, 2024, when Emmanuel’s father, Mr Elogie Ezekiel, arrived at his son’s apartment around 6:30 a.m. that day and saw some lifeless bodies in the house.

Ezekiel reportedly found the body of a young man, Nurudeen, in the corridor.

 

Moving further into the apartment, he discovered Emmanuel, 19, and his girlfriend, identified as Ada Samuel, also 16, lying lifeless on the bedroom bed.

 

Two other friends of Emmanuel’s, Samuel and Jeffrey Ayegwalo, both siblings, were found unresponsive in the sitting room.

All five were immediately transported to the hospital, where doctors pronounced them dead on arrival.

 

Some sources in the area noted that the victims had just consumed a pot of pepper soup prepared by Suleiman for the five friends.

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The investigation took a significant turn three days later when police received a report that Suleiman, who was alleged to have poisoned the victims, was about to be lynched by a group of young men from the community.

 

The state Police Public Relations Officer, SP Moses Yamu, said that police officers from the Jattu Division were quickly mobilised to the scene, intervened, and transported Suleiman safely to the station.

 

“The case has been transferred to the State Criminal Investigation Department to conduct a thorough investigation,” Yamu added.

 

Meanwhile, the Commissioner of Police, CP Umoru Ozigi, has ordered a detailed investigation, instructing officers to pursue every possible lead to determine the true cause of death in the case.

He also warned against any form of mob action, urging the community to allow the police to carry out their duties. CP Ozigi reassured the public that justice would be pursued diligently.

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Good Morning! Here Are Some Major News Headlines In The Newspapers Today: EFCC arrests Edo accountant general over huge withdrawals days to Obaseki’s handover

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1. Less than 11 days to the handing over to the Governor-elect, Sen. Monday Okpebholo, by the outgoing Governor Godwin Obaseki of Edo State, the Economic and Financial Crimes Commission (EFCC) has arrested the State Accountant General, Mr. Julius O. Anelu, and four other officials said to be signatories to the state government accounts.

 

2. There was outrage on Friday after minors detained for three months over their involvement in the #EndBadGovernance protest collapsed during their arraignment in court. At the end of the sitting, the Federal High Court in Abuja granted bail to the 76 defendants, of which 26 were between 14 and 17 years of age. Most of the suspects looked unkempt and malnourished.

 

3. President Bola Tinubu has kicked against the recommendation of the National Economic Council (NEC) to withdraw the tax reform bills generating controversy. In a statement on Friday by Bayo Onanuga, his media aide, Tinubu asked NEC to allow the process to run its full course.

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4. Oil marketers, on Friday, revealed that the price of Premium Motor Spirit, popularly called petrol, produced by the Dangote Petroleum Refinery was between N1,015 and N1,028/litre depending on the quantity being purchased. Based on this, the dealers vowed to import the commodity and sell it below the Dangote refinery price, as well as the price being sold by the Nigerian National Petroleum Company Limited.

 

5. The Chairman of the All Progressives Congress Caretaker Committee in Rivers State, Tony Okocha, on Friday, warned critics against distorting the narrative of the crisis rocking the state, insisting that Governor Siminalayi Fubara is the investment of the Minister of the Federal Capital Territory, Nyesom Wike. Okocha disclosed this during a media parley with journalists at the party’s national secretariat in Abuja.

 

6. Edo State Police Command has detained a 16-year-old girl, Aisha Suleiman, who is accused of fatally poisoning her ex-boyfriend, identified as Emmanuel, and four other young men in Afashio community in the Etsako West Local Government Area of Edo State. The state Police Public Relations Officer, SP Moses Yamu said on Friday that police officers from the Jattu Division were quickly mobilised to the scene, intervened, and transported Suleiman safely to the station.

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7. The Chief Magistrate Court in Abuja has granted the detained social media critic, Martins Otse, popularly known as VeryDarkMan N2m bail and other stringent conditions. VeryDarkMan was arraigned on Friday at Court 1, Chief Magistrate Court, Wuse Zone 6, in the Federal Capital Territory for unauthorised use of a police uniform.

 

8. Ebonyi State Police Command announced the arrest of 177 suspects for various crimes in October 2024, including four linked to alleged organ harvesting and ritual killings. At a news conference in Abakaliki on Friday, the command’s Public Relations Officer, DSP Joshua Ukandu, disclosed the arrests, which included 162 males and 15 females. Ninety-two suspects have been charged to court, with others pending further investigation.

 

9. Suspected bandits have abducted 20 passengers along the link road between the Mariga and Kontagora local government areas of Niger State. The passengers were travelling along the road when bandits, who had mounted a blockade, forced them into a nearby forest.

READ  Top CBN officials meet Monday over naira crisis

 

10. Justice Deinde Dipeolu of the Federal High Court sitting in Lagos has ordered the final forfeiture of the sum of $2.045m, seven choice landed properties and share certificates linked to the former Governor of the Central Bank of Nigeria, Godwin Emefiele. Justice Dipeolu also yesterday, ordered the permanent forfeiture of the monies and the two share certificates of Queensdorf Global Fund Limited Trust.

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