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Naira Scarcity-Sparks Protests As NLC Calls On Government, CBN For Urgent Action (Details)

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CBN’s recent fund disbursement has failed to reach banks, leading Southwest banks to source cash from branches in the northern region….CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

 

Nigerians are losing patience and cannot endure the current hardships, warns Labour to the Tinubu government and CBN.

The Nigeria Labour Congress expressed concerns on Tuesday about the persistent cash shortage in the country. In a statement by its National President, Joe Ajaero, just five days before Christmas, the congress emphasized that urgent measures are needed to address the situation.

Despite assurances from the Central Bank of Nigeria, bank customers are struggling to access cash for their daily needs. Many banks are limiting over-the-counter cash transactions, and numerous ATMs are not dispensing cash.

The NLC cautioned the Federal Government and the Central Bank of Nigeria that a large-scale public protest was imminent if steps were not taken to resolve the naira shortage.

Ajaero stated, “Fresh in the minds of every Nigerian is the excruciating conditions that we were subjected to as a result of the last cash crunch earlier this year. This time, there is no discernible reason by the Central Bank of Nigeria, neither any explanation from the government on why Nigerians should be subjected to this level of suffering once again in 2023.”

The NLC leader emphasized that the current situation undermines public confidence in banks and may discourage active participation in banking. He criticized the government’s anti-corruption agenda, suggesting that blaming cash hoarding on those with ill-gotten wealth indicates a failure in the fight against corruption.

The NLC called for immediate government action to alleviate the cash crunch, urging collaboration with financial institutions to improve banking services and provide transparent communication on steps being taken.

A current investigation by Nivo News revealed that banks in Lagos and other South-West states had not received any cash disbursement from the CBN. Many banks were forced to source cash from branches in Abuja and Kano to meet customer needs. Some officials blamed the scarcity on hoarding by individuals, while others considered it an artificial scarcity.

Former President of the Association of National Accountants of Nigeria, Dr. Sam Nzekwe, expressed concern about the scarcity, calling for the CBN to address the issue promptly before worsening the country’s existing challenges.

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Projects Will Stop’ – Uzodinma Issues Warning To Igbos Over Tinubu’s Re-Election.

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Imo State Governor, Hope Uzodinma, has urged voters across the South-East to support President Bola Tinubu’s re-election bid in the 2027 general election.....KINDLY READ THE FULL STORY HERE▶

Uzodinma warned that ongoing development projects in the region could be discontinued if Tinubu fails to secure a second term in office.

He made the appeal on Monday at the All Progressives Congress (APC) presidential campaign rally held in Abakaliki, the Ebonyi State capital.

The governor encouraged residents of the South-East to participate actively in the forthcoming election by obtaining their Permanent Voter Cards (PVCs) and voting for Tinubu.

He stressed that their participation would play a significant role in determining the country’s political direction.

Uzodinma also referenced an address delivered by Ebonyi State Governor, Francis Nwifuru, during the rally, in which he presented a charter of needs outlining the expectations of the South-East and Nigerians generally.

According to the Imo governor, the demands and expectations highlighted by Nwifuru should guide the people’s decisions as they prepare for the 2027 presidential election.

He said, “I saw the governor of Ebonyi State in his address. He read what is called the Charter of Needs for the people, for South-East people, and indeed for Nigeria.

“Our responsibility will start from now to go and look for our PVC. That is the weapon, because if President Tinubu is not re-elected, all these ongoing projects will stop. So we have to sharpen our weapon, and our weapon is our voter card.”

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You Couldn’t Stop Obasanjo’ – Okonkwo Tells APC As He Defends Atiku’s 2027 Bid.

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The campaign spokesperson for the African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, Kenneth Okonkwo, has expressed confidence that his principal will appear on the ballot in the 2027 presidential election.....KINDLY READ THE FULL STORY HERE▶

Okonkwo accused the ruling All Progressives Congress (APC) of making efforts to prevent Atiku from contesting the election, insisting that the party’s alleged attempts would ultimately fail.

He drew a comparison with the 2007 presidential election, when former President Olusegun Obasanjo reportedly made efforts to stop Atiku, who was then his vice president, from contesting the presidency.

Naija News reports that the actor-turned-politician maintained that the APC would suffer the same outcome as Obasanjo, who failed to prevent Atiku from participating in the 2007 election.

Okonkwo also predicted that Atiku would emerge as Nigeria’s next president.

In a post shared on X, he said the APC’s alleged attempts to frustrate Atiku’s ambition had strengthened his belief in the ADC candidate’s chances.

He wrote:

“The more the incompetent and corrupt APC tackles ADC, and the more they try to block Atiku Abubakar from contesting for the post of President in 2027, the more I am convinced that Atiku Abubakar is the next President of Nigeria because you do not cast a stone at a tree that is not bearing any fruit.

“APC should learn from history, and understand that Atiku is unstoppable. President Olusegun Obasanjo did everything possible, with all the powers of the security apparatus, to stop Atiku, his Vice President, from contesting the 2007 presidential election, but failed.

“Atiku succeeded through the rule of law by ventilating his agitation through the courts. This time around in 2027, Atiku will win again because God and the people of Nigeria are on his side.

“Let me reiterate, Atiku and ADC will be on the ballot in 2027 and will win the 2027 presidential election for the security and welfare of Nigerians.

 

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‘Even Obasanjo Calls Me An International Agent’ – Orji Kalu Speaks On Alleged CIA Link.

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The lawmaker representing Abia North Senatorial District, Orji Uzor Kalu, has denied allegations linking him to the United States Central Intelligence Agency (CIA).....KINDLY READ THE FULL STORY HERE▶

Kalu made the clarification during an interview on Arise Television, where he was asked about his alleged connections with the CIA and Israel’s intelligence agency, Mossad.

The senator explained that his previous involvement in arms trading brought him into contact with both organisations, adding that they monitored his activities because of his business dealings.

He, however, insisted that knowing individuals within the agencies did not mean he worked for them or served as an intelligence operative.

He said, “Even if I know people there, I mean, I’m not working for them. I’m not an agent. Because I was trading in arms, I must know the two organisations very well. They were keeping an eye on me because I was selling arms.”

The former Abia State governor also dismissed suggestions that prominent personalities had described him as an international agent.

According to him, such descriptions do not define his identity, insisting that he knows who he is and makes efforts to maintain his relationships.

Kalu said, “Anybody can say anything. On some occasions, even President Obasanjo himself has called me an international agent. I mean, those things don’t remove anything from my skin because I know myself. I work hard to keep friendships.”

Mossad, officially known as the Institute for Intelligence and Special Operations, is Israel’s national intelligence agency.

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