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Ohaneze celebrates Chief Iwuanyanwu at 81




Ohaneze Ndigbo Worldeide, has celebrated its President General, Chief Emmanuel Iwuanyanwu, as he clocks 81 years of age on Sept. 4, describing him as an outstanding Nigerian businessman.

They also described Iwuanyanwu as a broad-minded charismatic personality of impeccable pedigree, a foremost Fellow of the Nigerian Society of Engineers, a Nigerian patriot and a man who had devoted all his life in the service of the Igbo people and Nigerians in general.

These are contained in a statement by the National Publicity Secretary of Ohanaeze Ndigbo Worldwide, Dr Alex Ogbonnia, on Saturday in Enugu.

According to Ogbonnia, Ohanaeze Ndigbo Worldwide joins millions of admirers both at home and in the Diaspora to felicitate one of the finest amongst the Igbos, a philanthropist par excellence and a robust creative thinker, Chief Iwuanyanwu.

Ogbonnia said that Iwuanyanwu’s life trajectory was dotted with a distinctive stardom beginning from his primary school to the present day.

He added that there had never been an idle moment in Iwuanyanwu’s life as he was a school prefect, college sports captain, brave Biafran Army captain who was among the engineers that invented the multi-purpose Biafran bomb, called “Ogbunigwe”, an accomplished engineer with legacies in road construction and aviation industry.

He said that Iwuanyanwu engaged in air and sea transport, real estate, football, publishing, agriculture, research and development, Chairman, Federal Boards; Chairman, Board of Trustees of formidable political parties; contest for Nigerian presidency, Ohanaeze leadership, amongst others.

“There was a time in history when Iwuanyanwu was the highest employer of labour, at least in the entire East of the Niger and one of the most endearing is the Iwuanyanwu Foundation which has offered scholarships to over 10,000 indigent students across the country.

“He has donated to universities to create conducive environments for learning, built churches and other community facilities,” Ogbonnia said.

The publicity Secretary recalled that over 40 years ago when Chief Sam Mbakwe, the former governor of old Imo State, conceived the idea of an International Cargo Airport at Owerri, it was Iwuanyanwu that made the highest donation of US$ 2 million.

He further said that Iwuanyanwu’s success story was a veritable and inspiring tribute to the virtues of hard work, audacity, intellect, sincerity, heroism, sacrifice, ingenuity, resilience and philanthropy.

“Since Iwuanyanwu was sworn in as the President General of Ohanaeze Ndigbo in May, he had hit the ground running.

“Within the four months of his incumbency, his Midas touch has neutralized the inauspicious frosty relationship that existed between Ohanaeze and the Igbo Archbishops and Bishops, Anya Ndigbo, Ala Igbo Development Foundation and Aka Ikenga, Nzuko Ummunna.

“Others are Igbo Leaders of Thought, Global Igbo Leaders, World Igbo Congress, Association of Igbo Town Unions, Lagos State Market Traders and others.

“He has restored a cordial relationship with the Ohanaeze Governors; mainstreamed the Igbo Captains of Industry into the Ohanaeze activities; resolved the leadership crisis in the Ohanaeze Ndigbo, Uk and Ireland, and admitted the African Americans with authentic Igbo ancestry into the Igbo cosmology,” he said.

He explained that the president general had reactivated the Youth and Women Wings of Ohanaeze Ndigbo; convened a meeting of the Igbo political office holders to address the insecurity in the South East and re-commenced the monthly National Executive Committee (NEC) meetings of Ohanaeze.

Ogbonnia said Iwuanyanwu had stoutly renewed the call on the presidency for the release of Mazi Nnamdi Kanu.

“Igbos all over the world, shall on Monday, September 4, 2023, clink glasses to a toast for their awesome leader with an incredible physical prowess, an extra-ordinary visionary, and transformative imaginative visionary.

“On behalf of the Igbo nation and all the organs of Ohanaeze Ndigbo Worldwide, we express immense gratitude to God that the Igbo leader is as fit as fiddle at 81.

“We ask the Almighty to grant him many more fruitful years to enable him realize the lofty programs he has espoused for Igbos. Happy birthday, Ahaejiagamba Ndigbo,” he prayed.


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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