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POUNDED INTO SUBMISSION: Zamfara bandits beg for dialogue

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ZAMFARA BANDITS

 

The continuous pounding by the Nigerian military of bandits’ targets from the air and land has begun to yield the expected results, with bandits in Zamfara now begging and suing for peace.

With many camps destroyed and many of their gunmen neutralised and arrested, the bandits now want to dialogue with the government and have made overtures in this regard.

Zamfara State Governor, Bello Matawalle, disclosed this on Saturday, but he quickly dismissed the overtures as belated.

He said that the state government is no longer interested in dialoguing with bandits as they rejected the olive branch stretched to them earlier.

He said in Gusau that instead, security forces would flush them out of the state.

“My administration will no longer grant amnesty to bandits as they have failed to embrace the peace initiative earlier extended to them,’’ the governor said, while addressing a congregation.

He urged residents to be patient and to support new security measures put in place to flush out bandits and their collaborators to restore peace in the state.

The governor said the barrage of attacks on bandits by security forces had made them to make a fresh overture to government seeking dialogue.

He said the bandits’ emissaries informed him that they had repented and would want to dialogue with government.

READ  Smoked out: Notorious bandit Turji releases 52 kidnap victims

He noted that some of the bandits were running out of Zamfara to other states as a result of the new security measures introduced by the state government.

Matawalle warned politicians against giving any form of support to bandits, stressing that: “politicians should fear God and stop buying motorcycles to distribute to people who, in turn, sell to bandits to perpetuate their evil acts.’’

The governor also said that Zamfara government would prosecute any politician caught in the act.

Zamfara had cut off food, petroleum products supply and other essential commodities from the reach of the bandits in their various camps.

The government had also intercepted several vehicles conveying food, drinks and petroleum products to various bandits’ camps in the state.

The government said earlier that it had also arrested more than 100 violators of Governor Matawalle’s Executive Order to restore law and order in the state.

Matawalle had established the Special Taskforce to enforce measures to address the lingering security challenges of mass kidnapping for ransom and cattle rustling in the state.

Executive Order

On August. 26, the governor signed an Executive Order suspending all weekly markets in Zamfara, banned bicycles and motorcycles from carrying more than one passenger and not more than three passengers in the case of tricycles.

“No bicycle, motorcycle or tricycle shall ply any road or run within Zamfara State between 6.30 p.m. and 6 a.m., while in Gusau metropolis, the ban shall be between 8 p.m. and 6a.m.

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“No firewood or charcoal shall be transported from the bush to any part of Zamfara State by bicycle, motorcycle, tricycle, car, articulated vehicle, lorry, truck or any vehicle by whatever name called.

“No sheep or cow shall be transported into or outside Zamfara State.

“The sale of petroleum products by fuel stations within the control of a village head is banned.

“Fuel stations shall not sell petroleum products in jerry can or any other container to any customer.

“No fuel station shall sell more than five litres to motorcyclists, tricyclists and not more than 40 litres to any vehicle.

“All shops, kiosks, containers, tents and stands located at Garejin Mailaina, Gusau, are hereby closed.’’

The state government had also established a Special Taskforce to ensure full compliance with the order while mobile courts were set up to prosecute violators.

Meanwhile, commercial activities in the state have been halted following the two week suspension of telecommunication networks in the state by the Nigerian Communication Commission (NCC).

All banking services, mobile telephone services, internet and other related services have also been suspended.

Motorcycle ban

In a related development, Commissioner of Police in Zamfara, Mr Ayuba Elkanah, announced the suspension of movement of all motorcycles with clutches in 13 local government areas of the state.

READ  Nigeria government recovers looted $700m from foreign countries in four years – Malami

Elkanah urged members of the public to continue to support security agencies by giving them vital information that would assist in fighting crimes and criminally in the state.

“In a bid to achieve this aim, additional measures have been put in place.

“Riding of motorcycles that have clutches have been banned in the 13 local government areas of the state in addition to the earlier enforcement of restrictions on motorcycles and tricycles in Gusau Local Government Area.

“In Gusau area, Damba and Mada are equally affected in the ban on riding motorcycles with clutches,’’ Elkanah said.

The police commissioner said they had authoritative information that some unscrupulous elements use the vehicles, especially Golf III cars and Canter trucks, to supply petroleum products and food items to bandits camps,

Elkanah enjoined residents in Zamfara to bear with the security agencies because the measures put in place are temporarily and are in the best interest of the state.

“We urge residents to remain law-abiding and to collaborate with security agencies in ensuring that peace and security is restored in the state,’’ the police commissioner said.

Tags: Governor Bello Matawalle Zamfara bandits

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Fitch upgrades Nigeria’s credit outlook to positive, cites economic reforms

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Fitch, a global rating agency, has reviewed Nigeria’s outlook to positive from stable.

A credit rating is a measure of how likely a company or government entity can pay back its debts, based on an independent assessment of its financial health.

Fitch, in a statement on May 3, said the positive outlook partly reflects reforms implemented over the past year to support the restoration of macroeconomic stability and enhance policy coherence and credibility.

 

“Exchange rate and monetary policy frameworks have been adjusted, fuel subsidies reduced, coordination between the ministry of finance and the Central Bank of Nigeria (CBN) improved, central bank financing of the government scaled back and administrative efficiency measures are being taken to raise the currently low government revenue, as well as oil production,” Fitch said.

 

Fitch said the reforms have lessened distortions stemming from previous “unconventional monetary and exchange rate policies,” leading to the return of sizeable inflows to the official foreign exchange (FX) market.

READ  Troops arrest bandits' arms supplier in Kaduna, recover over 2000 ammunition, magazines

“Nevertheless, we see significant short-term challenges, notably, inflation is high and the FX market has yet to stabilise, and the durability of the commitment to reform is to be tested,” the credit agency said.

“The CBN has stepped up efforts to reform the monetary and exchange rate framework following last year’s unification of the multiple exchange rate windows, and the large differential between the official and parallel market rates has collapsed.

 

“Average daily FX turnover at the official FX window has risen sharply from 2H23, and there has been clearance of USD4.5 billion of the backlog of unpaid FX forwards (the validity of the outstanding USD2.2 billion is being assessed by CBN), and weekly sales of FC to bureaux de changes (BDCs) have resumed (having been suspended since 2021).”

‘RETURN OF SIZEABLE NON-RESIDENT INFLOWS’

Fitch said increased formalisation of FX activity and monetary policy tightening has contributed to a notable rise in foreign portfolio investment inflows and a fast appreciation of the naira at the official FX window.

READ  44 bandits killed as rival groups clash in Zamfara

According to the company, this followed the 71 percent “post-liberalisation depreciation between June 2023 and mid-March 2024”.

 

However, the credit rating agency said the exchange rate remains volatile.

Fitch said the continued lack of clarity on the size of net FX reserves is a constraint on Nigeria’s sovereign’s credit profile.

‘FURTHER MONETARY POLICY TIGHTENING ANTICIPATED’

In March, the Central Bank of Nigeria (CBN) raised the monetary policy rate (MPR), which benchmarks interest rates, from 22.75 percent to 24.75 percent.

 

Fitch said it expects further increases in the CBN monetary policy rate in the second half of 2024 and “strengthening of monetary policy transmission, after the recent resumption of open market operations at rates closely aligned to the MPR”.

“We project inflation, which rose to 33.2% yoy in March due partly to exchange rate pass-through and rising food prices, to average 26.3% in 2024 and 18.2% in 2025, still well above our projected ‘B’ median of 4.5%,” Fitch said.

READ  Nigerian Airforce denies paying ransom to bandits

 

In December 2023, Moody’s, a US-based rating agency, also revised its outlook for Nigeria from stable to positive.

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Good Morning! Here Are Some Major News Headlines In The Newspapers Today: Yahaya Bello: Appeal Court stays execution of contempt proceedings against EFCC chair

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1. The Court of Appeal, Abuja Division, on Friday, suspended moves by the Kogi State High Court to commit the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede for contempt. The Appeal Court granted an ex parte motion for stay of proceedings of contempt application filed against the EFCC Chairman by the immediate past governor of Kogi State, Yahaya Bello.

2. An Ikeja Special Offences Court has adjourned the trial of the embattled former Central Bank of Nigeria, CBN, governor, Godwin Emefiele, to May 9 over filing of additional proof of evidence served by the prosecution. Justice Rahman Oshodi adjourned the trial after taking arguments from the defendants’ counsel over additional proof of evidence of over 60 pages served on them in the morning by the prosecution.

 

3. Efforts for better efficiency in the electric sector received a boost on Friday as the Nigerian Electricity Regulatory Commission, NERC, announced the unbundling of the Transmission Company of Nigeria, TCN, with the establishment of the Nigerian Independent System Operator of Nigeria Limited, NISO.

READ  Police rescue eight kidnapped victims in Zamfara

 

4. The Minister of Information and National Orientation, Mohammed Idris has said that no journalist has been incarcerated under the Bola Tinubu administration for practicing responsible journalism, stressing that the media is largely free in Nigeria. He assured that the federal government would continue to protect the interests of journalists and will not compromise press freedom.

5. A Kano High Court has granted an ex parte order restraining the Inspector General of Police, IGP; Assistant Inspector General of Police, AIG Zone 1 Kano; Commissioner of Police, Kano, from arresting, and harassing the All Progressives Congress, APC, Ward officers at Abdullahi Ganduje Ward, Dawakin-Tofa local government area of Kano State.

 

6. The Benue State government has demolished 40 illegal shanties and structures in different locations in Makurdi, the state capital. The General Manager of the Benue State Urban Development Board, UDB, Tarnongo Mede, who led his team yesterday to carry out the demolition exercise, said it came as a result of shanties springing up in some parts of the state.

READ  Islamic cleric plots cousin’s kidnap, demands N5m from parents

 

7. Nigerian fintech companies have warned their customers against trading in cryptocurrency or any virtual currency on their apps, threatening to block any account found engaging in such activities. At least four fintechs— Opay, Moniepoint, PalmPay, and Paga communicated this development to their customers on Friday.

 

8. A man, Hamza Mohammed, has been sentenced to death by hanging for stabbing another man to death during a free-for-all in Niger State. Mohammed and one Baba Usman (now at large) were said to have chased after the deceased, Isah Mohammed, caught up with him and stabbed him several times until he died.

 

9. Ahead of the September 21 gubernatorial election in Edo State, the state chapter of the Peoples Democratic Party (PDP), on Friday, inaugurated a 363-member campaign council, with Governor Goodwin Obaseki describing the Legacy Group as disorganised. The Legacy group, headed by the party’s vice chairman, South-South, Dan Orbih, had vowed not to work with Obaseki and the party’s candidate, Asue Ighodalo, unless their grievances were looked into.

READ  Gunman abducts mum, children, escapes in family car

 

10. The naira depreciated yesterday to N1,395 per dollar in the parallel market from N1,365 per dollar on Thursday. However, the naira appreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,400.4 per dollar.

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Court restrains NERC from implementing tariff hike for Band A customers

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A federal high court in Kano has issued an order restraining the National Electricity Regulatory Commission (NERC) and the Kano Electricity Distribution Company (KEDCO) from implementing the new electricity tariff for Band A consumers.

Ruling on an ex parte motion on Thursday, Abdullahi Liman, presiding judge, made an interim order restraining NERC and KEDCO from going ahead with the impending tariff pending the hearing and determination of the motion on notice before it.

The order also restrained the defendant from intimidating and threatening to disconnect the applicants’ electricity supply for non-acceptance of the new increased tariff.

 

The suit marked FHC/KN/CS/144/2024 was filed by Super Sack Company Limited and BBY Sacks Limited.

 

Others are Mama Sannu Industries Limited, Dala Foods Nigeria Limited, Tofa Textile Limited and Manufacturers Association of Nigeria Limited (MAN).

The motion ex-parte was moved by Abubakar Mahmoud, counsel to the plaintiffs.

 

On April 3, NERC approved an increase in electricity tariff for customers under the Band A classification.

READ  20 dead as bandits kidnap kingmaker, wives in Niger

 

The commission said customers under the category, who receive 20 hours of electricity supply daily, would begin to pay N225 per kilowatt (kW) from April 3 — up from N66.

The sudden hike has been criticised by the house of representatives and other stakeholders who have asked NERC to suspend the implementation of the new tariff.

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