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2023: Political parties frown at cash withdrawal limits, say it will cripple campaign funding

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Ahead of the 2023 general elections, political parties have kicked against the new cash withdrawal limits introduced by the Central Bank of Nigeria, CBN, stating that it could choke the political process.

Parties, including the Peoples Democratic Party, Social Democratic Party, Africa Democratic Congress and African Democratic Party contended that the policy would affect the fundraising required by the candidates to sustain their campaigns ahead of the 2023 elections.

Also, speaking, the African Action Alliance, Zenith Labour Party, and the All Progressives Grand Alliance declared that it would impact the poor rural dwellers.

Governor Ahmadu Fintiri of Adamawa State had accused the CBN Governor, Godwin Emefiele, of targeting the political class with the new cash withdrawal limit which restricts over-the-counter cash withdrawal by individuals and companies to N100,000 and N500,000, respectively, per week.

It also limited point-of-sale machines and automated teller machine withdrawals to N20,000 daily.

According to a memo signed Tuesday by the CBN’s Director of Banking Supervision, Haruna Mustafa, withdrawals above the thresholds would attract processing fees of five per cent and 10 per cent, respectively, for individuals and corporate entities going forward.

In addition, third-party cheques above N50,000 shall not be eligible for OTC payment while extant limits of N10m on clearing cheques still remain.

The circular also directed banks to load only N200 and lower denominations into their ATMs and restricted withdrawal to N20, 000 per day from ATMs.

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The policy, which will become effective on January 9, 2023, has generated criticisms but the CBN clarified on Wednesday that PoS operators could apply for waivers.

Commenting on the circular, the Director, Strategic Communications, National Election Management Committee of the PDP Presidential Campaign Council, Chief Dele Momodu, said the recent cash withdrawal policy announced would affect the parties’ funding activities, adding that “if enforced, the policy will strangulate the political process, not the PDP alone.”

He said, “In 2014/2015, I am sure if (President) Buhari had no access to funding, he would never have been the President of Nigeria. There are people who are making contributions to the political parties and some parties have set up structures to receive support from people. How then will they be able to access the fund if they are saying you cannot withdraw more than N100, 000 a week?’’ he asked

“I read somewhere that the CBN said the policy would not be rigid but why make the policy in the first place if it is not going to be rigid?” he queried.

On how the policy implementation may affect the PDP, Momodu said, “the Finance Committee is better placed to say the extent this will affect us as we prepare for a series of activities leading to the general elections. Maybe, the Finance Committee, if it thinks the party will be negatively affected, will consider writing to the CBN but like I said earlier, this is more of a problem for the ordinary man on the street than it is for a political party.”

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He also spoke on how the new CBN policy would affect the poor.

He added, “Why make a policy that will largely affect the poor more than the rich? My worry is that most of our policies always target the poor. The PDP is worried about the poor market woman, the ordinary man on the street because we still run a cash-and-carry economy.

The National Chairman of the Africa Democratic Congress, Chief Ralph Nwosu, observed that the policy might pose a challenge to the parties, noting that the CBN did not carry out adequate sensitisation campaigns on it, stressing that it was politically motivated.

Nwosu noted that the policy would affect the party’s campaign, explaining that paying the ADC agents in the rural areas might be a challenge.

He added, ‘’How do you expect the ADC candidate to have the cash to do the things he wants to do and how do you think that this is the best time for such an undertaking?

‘’We have almost 200,000 agents that we must pay and 80 per cent of them live in rural areas. Is it that N2,000 or N5,000 that you pay them that you would transfer to each of them? How many of them have such a facility? So it’s completely inconsiderate of them.”

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He added that the cash withdrawal policy would affect Nigerians negatively.

He said “What is the literacy level (of Nigerians), what kind of campaign have they done so far on the policy? You know, you can’t continue dealing with Nigerians as if we are still in the military, especially when that dictatorship is meted out by people who are not even in the military. It’s most irresponsible.

‘’We want to believe that the intention this time is also political. It is not only affecting the election but will affect the general way of living in Nigeria.

‘’This is part of the challenge we have as a country in that people in government occasionally just take actions on their own without caring how it will affect the masses. So, generally it’s not about how it affects the elections but about how it affects the society.

“There are people selling rice, beans and every day, people come to them to buy things and pay with naira and kobo, so before the CBN should do anything they should think about the society.’’

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US releases identities of 24 Nigerians arrested for alleged fraud, money laundering

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The United States Department of Homeland Security (DHS) has released the names and photographs of 24 Nigerians arrested by immigration authorities in relation to alleged criminal offences, as the country continues its deportation operations.

According to the DHS, the suspects were arrested in different parts of the United States by Immigration and Customs Enforcement (ICE).

The alleged offences listed against them include wire and mail fraud, money laundering, drug-related crimes, identity theft, assault, forgery and cruelty towards a child.

In a statement announcing the arrests, the DHS said the publication was intended to show non-US citizens with criminal records who had been arrested by immigration enforcement officers.

“The U.S. Department of Homeland Security is highlighting the worst of worst criminal aliens arrested by the U.S. Immigration and Customs Enforcement (ICE),” the statement reads.

“Under DHS leadership, the hardworking men and women of DHS and ICE are fulfilling President Trump’s promise and carrying out mass deportations – starting with the worst of the worst – including the illegal aliens you see here.”

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The list released by DHS identifies the Nigerian nationals, the alleged offences associated with their arrests and the locations where they were apprehended.

The list published by the department identifies the Nigerian nationals, the offences associated with their cases and the locations where they were arrested.

Emmanuel Omowaiye was arrested for mail fraud in  Richmond, Texas.

Laurene Onwuka arrested for fraud and impersonation in Chantilly, Virginia.

Olusegun Shonekan arrested for wire fraud in Newark, New Jersey.

Olusegun Olaseni was arrested for amphetamine sale in Greencastle, Indiana.

Peter Ude was arrested for wire fraud; in Atlanta, Georgia.

Newton Jemide was arrested for wire fraud, conspiracy and mail fraud in  Fort Dix, New Jersey.

Shedrack Umukoro was arrested for money laundering, Yazoo City, Mississippi.

Olasoji Akinbode was arrested for fraud and impersonation in Kearny, New Jersey.

Oluwatosin Afolabi was arrested for fraud, Conroe, Texas.

Alameen Adetunji Tokosi was arrested for drug possession in Chicago, Illinois.

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Joshua Ipoade was arrested for wire fraud in Atlanta, Georgia.

Michael Orji was arrested for weapons violation, fraud, identity theft, wire fraud, false citizenship and money laundering in Oxford, Wisconsin.

Ahmadu Apooyin was arrested for drug-related offence in Baltimore, Maryland.

Teslim Kiriji was arrested for money laundering in Yazoo City, Mississippi.

Onomen Uduebor was arrested for identity theft in Seattle, Washington.

Charles Ochi was arrested for money laundering in white Deer, Pennsylvania.

Daniel Eta was arrested for wire fraud in White Deer, Pennsylvania.

Ifeanyi Ibennah was arrested for cruelty towards a child in Tampa, Florida.

Kazeem Runsewe was arrested for wire fraud in Thomson, Illinois.

Fatiu Lawal was arrested for wire fraud in Lompoc, California.

Justin Akubueze was arrested for money laundering in Orem, Utah.

Moyinoluwaseun Okeowo was arrested for larceny, forgery and concealing stolen property in Orlando,
Florida.

Babajide Oluwaseun Faseyi was arrested for assault in Alden, New York.

Bright Eigbedion was arrested for money laundering in Lompoc, California.

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Ogun 2027: Adebutu faults INEC over exclusion from governorship candidates list, tells supporters to remain calm

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Oladipupo Adebutu, the Peoples Democratic Party (PDP) governorship candidate in Ogun State, has faulted the decision of the Independent National Electoral Commission (INEC) to leave out his name from the list of governorship candidates.

Adebutu, in a statement addressing the development, said he remained a registered member of the PDP and had completed the necessary registration and documentation within the stipulated period.

“I have not at any point left the PDP, and my commitment to our great party remains unwavering,” he said.

According to him, the governorship primary that produced him as the party’s candidate was conducted with INEC officials present as observers, adding that relevant documents were submitted for verification, certification and confirmation.

The PDP candidate said the circumstances surrounding the exclusion raised concerns, particularly as other party candidates contesting for the House of Assembly, House of Representatives and Senate had appeared on INEC’s published lists.

Adebutu said the Ogun State PDP had expressed concern over what it described as undue pressure from the ruling All Progressives Congress (APC) on INEC, adding that the party would pursue the matter through appropriate channels.

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“We will pursue this matter through the appropriate channels and insist that due process is respected,” he said.

He also alleged that the party had faced attempts to frustrate its campaign, including restrictions on its billboards, attacks at campaign grounds and harassment of members.

According to him, such challenges would not deter the party from participating in the democratic process or seeking the support of voters across the state.

“No amount of intimidation should prevent the people of Ogun State from having a fair opportunity to choose leaders of choice,” Adebutu said.

He urged PDP members, supporters and residents of Ogun State to remain calm while the party takes the necessary steps to address the omission.

“The party has spoken, and the necessary steps are being taken to address this matter. I remain confident that it will be resolved, and I assure you that I will not abandon the struggle to bring the leadership and relief our people deserve,” he said.

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Adebutu described the party’s ambition as a broader effort to improve the welfare and development of Ogun State, rather than a struggle centred on an individual.

“Our cause is bigger than any individual. It is about the dignity of our people, the progress of our state and the right of Ogun people to determine our own future,” he said.

Reaffirming his commitment to the party’s campaign message, Adebutu said, “OGUN FOR OGUN is more than a slogan. It is a call for leadership rooted in our people, responsive to our needs and committed to our welfare.”

He concluded by urging supporters to remain focused and resolute, declaring: “The journey to a better Ogun continues.”

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NDLEA arrests South African woman with drug shipments, seizes large consignment of drugs at Lagos airport

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The National Drug Law Enforcement Agency (NDLEA) says its operatives have arrested a South African, Gebashe Sithandiwe Jessie, with 30 parcels of Thai Loud, a strain of cannabis, weighing 32.74 kilogrammes, at the Port Harcourt International Airport, Omagwa, Rivers State.

According to a statement issued on Sunday by the NDLEA Director of Media and Advocacy, Femi Babafemi, the drugs were concealed in two travelling bags.

The statement added that the suspect travelled from Thailand through Doha aboard Qatar Airways flight QR1431.

“She confessed to having previously trafficked through other African countries, and was expanding her route to Port Harcourt when she was caught.”

Similarly, NDLEA operatives at the import shed of the Murtala Muhammed International Airport, Ikeja, Lagos, intercepted a shipment of 354,000 tablets of Tapentadol 250mg weighing 307.20kg from Pakistan.

Babafemi said the consignment arrived aboard a Royal Air Maroc flight on September 29 and was placed under surveillance before a joint examination on Tuesday, October 6, uncovered the drugs in nine cartons.

In a separate operation at the Lagos airport, NDLEA officers intercepted 70 parcels of Colorado, a synthetic cannabinoid, weighing 75.90kg in six Ghana-Must-Go bags contained in a consolidated cargo from the United Kingdom.

The statement said the shipment was monitored after arriving on September 29.

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A clearing agent, John Edrah, 54, was arrested on September 30, while an Uber driver, Taofiq Ajibola, 54, was apprehended while collecting one of the bags at a logistics company in Mafoluku, Oshodi.

The agency said Adetunji Adebayo and Kazeem Damola Dosunmu, 48, a clothing trader, were subsequently arrested when they came to collect the remaining five bags.

According to Babafemi, Ajibola said the drugs were sent by a UK-based associate, Lukman Sa’idu, while Dosunmu claimed his consignment came from another UK-based man identified as Yusuf.

In Cross River State, NDLEA operatives arrested 46-year-old Adama Inuwa at Iyala Nkun village, Ikom Local Government Area, on Sunday, October 4, following surveillance.

Babafemi said the operation led to the recovery of 181 bags of cannabis sativa weighing 1,100kg and 17.15kg of cannabis seeds.

In Edo State, officers intercepted a black Toyota Camry conveying 1,049 blocks of compressed cannabis weighing 702.83kg at Otuo, Owan East Local Government Area, on Monday, October 5.

The agency said Monday Orji, 52; Monday Lawal, 40; and Precious Uduegele, 20, were arrested in connection with the seizure.

In a separate raid at Asoro, off Sakponba Road, Benin City, operatives arrested 26-year-old Ojugo Mercy with 989 grammes of Loud, 13 grammes of Colorado and 83 grammes of methamphetamine.

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In Ondo State, a 21-year-old suspect, Happy Endurance, was arrested at her hideout in the Shasha area of Akure on October 5, with 29 bags of cannabis weighing 290kg.

The statement added that a separate raid on an apartment at Oba-Ile, Akure, on the same day led to the arrest of 42-year-old Tunde Adebayo, with 35 bags of cannabis weighing 351kg.

In Taraba State, NDLEA operatives, supported by soldiers, arrested Abdulrasheed Mohamed, 31, and Abubakar Saidu, 37, at Chanchanji village, Wukari Local Government Area, on Friday, October 9.

Babafemi said the suspects were found with 166,200 tablets of tramadol 225mg weighing 107kg.

In Kano State, a stop-and-search operation along the Kano-Maiduguri Road on October 9 led to the arrest of 32-year-old Yahaya Musa with 24,990 capsules of tramadol, 50,000 tablets of diazepam and 22,000 tablets of Exol-5.

In Kaduna State, operatives on patrol along the Zaria-Kaduna Expressway arrested 29-year-old Mohammed Musa with 31 jumbo bags and 775 blocks of skunk weighing a combined 1,027kg.

The agency also arrested Musbau Balogun Adekunle in Orile, Lagos, on Tuesday, October 6, with 32.51kg of skunk and 52.65kg of cannabis seeds, bringing the total seizure to 85.16kg.

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In Plateau State, NDLEA operatives raided the residence of 45-year-old Christian Chukwudi Uju at Rukuba Road, Jos, on Thursday, October 8, recovering methamphetamine, firearms and ammunition.

According to the statement, the items seized included 47 grammes of methamphetamine, two pump-action rifles, one locally made gun, 199 live cartridges, five rounds of 7.62mm ammunition and one round of 9mm ammunition.

The agency said its War Against Drug Abuse sensitisation campaign also continued across the country, with lectures delivered to students and staff of schools in Oyo, Ebonyi, Niger, Kano, Lagos and Ogun states.

Among the institutions reached were Progressive Grammar School, Tede, Oyo State; Eghugo Technical College, Afikpo, Ebonyi State; Baptist High School, Lambata, Niger State; and Ipara Senior and Junior Community Secondary School, Badagry, Lagos State.

Commending officers involved in the operations, NDLEA Chairman and Chief Executive Officer, Brig. Gen. Mohamed Buba Marwa (retd.), praised personnel of the Lagos, MMIA, PHIA, Taraba, Kano, Kaduna, Edo, Cross River, Ondo and Plateau Commands.

Babafemi said Marwa commended the officers “for their professionalism and intelligence-driven approach to the various successful operations” and urged them “to continue with the current balanced approach to the drug control efforts of the Agency.”

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