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We’ve taken steps to check insecurity on highways – I-G



Kayode Egbetokun

(Photo: L-R CP Idowu Owohunwa of Lagos Command, DIG Abiodun Alabi, Mrs Joe Okei-Odumakin, Acting I-G Kayode Egbetokun, and Mr Olumide Akpata during Complainants Response Unit inauguration at Lagos State Police Command Headquarters, Ikeja, on Wednesday)

The Acting Inspector-General of Police, Mr Kayode Egbetokun, says the force has taken steps to check insecurity on highways, particularly Abuja-Kaduna Highway.

Egbetokun disclosed this during his first official to Lagos State Police Command on Wednesday where he inaugurated some projects, including Complainants Response Unit (CRU).

“Since I came into office, we have taken steps to do a number of things to ensure crime is reduced to the barest minimum and security restored to troubled areas.

” On the Abuja-Kaduna Road you are talking about, we have taken necessary steps to rid it of criminal elements that were terrorising motorists.

” Very soon, you are going to be seeing results. We are embarking on establishment of a Special Intervention Squad (SIS). We have started mobilisation to make success of it,” he said.

Egbetokun said the SIS would soon become operational in the states that had been chosen as pilot areas.

On police welfare, he said he had President Bola Tinubu’s assurance that efforts were underway to improve the welfare of police officers and men.

On when the police would have a vibrant forensic department to detect criminals, Egbetokun said: “We are going to take these things one after the other.

“Today, we have launched the CRU aimed at promoting transparency in the police.

“We want to build confidence in the members of the public. We want to enhance police/ community collaboration, and the CRU is needed to achieve all of these.

“At least, now, members of the public who have complaints against the police have a place to lodge their complaints.”

Egbetokun assured Nigerians that the force would make the CRU functional in all the states of the federation.

“Lagos State has started. We just inaugurated that one today. We inspected the facilities and they are excellent.

“Officers that would be deployed to man the CRU will be carefully selected – officers with impeccable integrity.

“They will be well motivated, with opportunities for training overseas, if necessary,” he said.

At the event, Mr Femi Falana (SAN) warned the officers and men of the Nigeria Police Force against torture and illegal detention of suspects.

Falana said that under the Police Act, 2020, the officers and men would be held responsible and prosecuted for illegal detention.

Falana, however, assured the officers and men of free legal services should they have need of it.

He promised to build CRU in four states.

A former President of the Nigeria Bar Association and one of those that built the CRU in Lagos, Mr Olumide Akpata, promised to do same in Edo and Delta states.

He expressed optimism that the unit would enhance better relationship between the police and the public.


Hardship: Protesters Defy Police Warning, Hit Lagos Streets



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



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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