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Tinubu Has Dodged Poisonous Knife By Not Appointing El-rufai – Shehu Sani Mocks

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A former senator who represented Kaduna Central at the 8th Senate, Shehu Sani, on Wednesday mocked the immediate past governor of Kaduna State, Nasir El-Rufai for missing out in the recent appointments made by President Bola Tinubu.

Tinubu appointed a former Governor of Benue State, George Akume as Secretary to the Government of the Federation while the outgoing Speaker, House of Representatives, Femi Gbajabiamila was appointed the Chief of Staff.

Akume, who was sworn-in by the President on Wednesday at the Aso Villa, had served during the second tenure of the former President Muhammadu Buhari as Minister of Special Duties and Intergovernmental Affairs.

Before Akume and Gbajabiamila were appointed, insinuations were rife in various quarters that the former Kaduna State governor would get one of the positions considering his closeness to the President during electioneering.

Reacting to the development, Sani, who was apparently referring to comments credited to El-Rufai on Islamisation agenda, said Tinubu had “dodged a poisonous knife” by scheming the former governor out of the two positions he described as “critical”.

“If Tinubu had appointed ‘Mr Over Sabi’ as SGF or Chief of Staff, he would have sown the seed of discord between the President and the Vice President, speak and move around as more important than the two. Tinubu has dodged a poisonous knife,” Sani said in a tweet on Wednesday afternoon.

El-Rufai was alleged in a trending video on social media to have said that the Muslim-Muslim ticket in the Kaduna governorship election would be sustained beyond 20 years in the state.

In the video, the former governor, who spoke in Hausa, also claimed that Muslim domination was being replicated at the national level, and that the victory of President Bola Tinubu had silenced his critics, particularly the Christian Association of Nigeria.

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Hardship: Protesters Defy Police Warning, Hit Lagos Streets

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Residents have hit the streets of Lagos State to protest against the increasing spike in the price of food and the high cost of living in the country.

The protest was facilitated by a human rights group identified as the “Take It Back Movement.”

This comes against the warning issued by the Lagos State Commissioner of Police, Adegoke Fayoade, on Sunday.

The protesters were seen carrying placards of various inscriptions at Ojuelegba Under Bridge area of the state to express their grievances.

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CBN Lifts Ban On BDCs, Introduces New Operational Mechanism

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In a major development aimed at financial stability and strengthening the naira, the Central Bank of Nigeria (CBN) plans to resume its weekly intervention in the country’s foreign exchange (FX) market through the Bureau de Change (BDC) operators.

In 2021, the central bank, in a bid to achieve its mandate of safeguarding the value of the local currency, ensuring financial system stability, and shoring up external reserves, announced the immediate discontinuance of foreign currency sales to Bureau de Change (BDC) operators in the country.

However, the resumed intervention, which would reportedly commence today for funding as well as Tuesday for collection, will see the apex bank inject FX into the subsector in a bid to rescue the naira from further depreciation against major currencies, particularly the US Dollar. The collection will be at designated CBN branches in Lagos, Abuja, Kano, and Awka, while details of the naira accounts to be credited for funding bidding will also be made available today.

CBN is also expected to publish the list of eligible BDCs to benefit from its funding using certain compliance criteria.National Executive Council of Association of Bureau De Change Operators of Nigeria (ABCON) hinted on the latest developments through a memo to its members over the weekend.

The association also warned members that it will no longer be business as usual under the new supervisory regime of the central bank, as any infringement or infraction would result in outright revocation of license and prosecution.

ABCON said through the association’s various engagements with the central bank, in conjunction with ABCON’s strategic partners, CBN had agreed to its request, under the bank’s supervision, to inject liquidity into the market through a weekly intervention beginning today.

CBN assured ABCON that the new circular on the Revised Regulatory and Supervisory Guidelines to BDCs, which was introduced over the weekend, was only a draft exposure that required the association’s inputs before the release of the final guidelines by the apex bank.

To that effect, the letters of the guidelines were not cast in stone, the association’s leadership told its members, who had been worried over the sweeping reforms in the document, which, among other things, prescribed N2 billion and N500 million minimum capital for national and state BDCs, respectively.

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