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CBN, FAAN Relocation: Senator Ndume Fires Back At Critics, Insists On Telling Truth”
CBN, FAAN Relocation: Senator Ndume Fires Back At Critics, Insists On Telling Truth....KINDLY READ THE FULL STORY HERE▶
Senator Ali Ndume, the Chief Whip of the Senate, has stood firm in his opposition to the proposed relocation of certain Central Bank of Nigeria (CBN) departments and the Federal Airports Authority of Nigeria (FAAN) headquarters from Abuja to Lagos…CONTINUE READING
Following his earlier caution to Senator Bola Tinubu about being ill-advised by “Lagos boys,” Ndume responded to critics, emphasizing that it is unpatriotic not to speak the truth.
While clarifying that he did not speak on behalf of the Northern Senators or the Senate, Ndume maintained his stance in support of the majority of northerners and Nigerians who are against the actions of the CBN governor and the Minister of Aviation.
The proposed relocation has sparked condemnation, especially from northern groups, leading to a public debate on the matter.
During an interview on Channels Television’s ‘Politics Today’, former minister Rotimi Amaechi dismissed recent comments made by FCT Minister Nyesom Wike regarding his selection as a running mate, stating that he does not respond to subordinates and noting that Wike never employed him.....KINDLY READ THE FULL STORY HERE▶
Additional context regarding the political exchange includes:
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Wike’s Remarks: During a media briefing, Wike alleged that Amaechi’s selection was financially motivated rather than strategic, questioning his electoral viability and political influence post-2011.
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Amaechi’s Response: Maintaining that he is currently focused on mourning, Amaechi indicated that he intends to respond more forcefully once his campaign activities officially begin.
During an interview on TVC News, former Lagos State Peoples Democratic Party (PDP) chairman Deji Doherty disputed claims that Chief Olabode George is a founding father of the party, asserting instead that George was introduced into the party’s leadership by former President Olusegun Obasanjo around 1999.....KINDLY READ THE FULL STORY HERE▶
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Criticism of Leadership: Doherty argued that Obasanjo’s decision to entrust the management of the Lagos State PDP chapter to George was a mistake and that the affairs of the state branch were poorly handled.
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Internal Party Crises: Displaying reconciliation documents during the broadcast, he noted that past efforts by respected party elders to resolve internal party disputes have failed to secure long-term peace.
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Call for Youth Empowerment: Doherty emphasized that the ongoing leadership struggles should pave the way for a younger generation to take charge of the nation’s political future, regardless of party affiliation.
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Parallel (Black) Market Rates: According to Bureau De Change (BDC) sources in Lagos for Tuesday, August 4, 2026, the parallel market traded the US Dollar at a buying rate of ₦1,410 and a selling rate of ₦1,425.....KINDLY READ THE FULL STORY HERE▶
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Official CBN Rates: Central Bank of Nigeria figures recorded rates ranging from a low of ₦1,361 to a high of ₦1,364.
Key Advisory Notes
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Regulatory Stance: The CBN does not officially recognize the parallel market and advises individuals engaging in foreign exchange transactions to utilize authorized banking channels.
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Price Variance: Actual market transaction rates may differ across various dealers and locations due to continuous market fluctuations.
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