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FG Gives Nine-Month Ultimatum To Those Keeping Dollars Outside Banking System • Channels Television

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The Federal Government has issued a nine-month ultimatum to individuals that are keeping dollars outside the banking system. Briefing journalists on Thursday after the National Economic Council (NEC) meeting in Abuja, the Finance Minister and Coordinating Minister of the Economy, Wale Edun, said the government has unveiled a new policy for Nigerians to deposit dollar bills held outside the formal banking system without scrutiny.....KINDLY READ THE FULL STORY HERE▶

“There will be no penalty; there will be no taxes, and there will be no questions,” the minister assured.

“There is going to be a release today, details by the federal government through the Ministry of Finance, in conjunction with the Central Bank, a programme, starting today, 31st of October, and lasting nine months, that will allow people to bring in cash that is outside the banking system.

“So therefore it is unsafe, it is unsecure and it is outside of legal limits. They will allowed forbearance to bring dollars cash. Let me emphasize once again, it is to bring dollars that they are holding outside the system to be able to bring them in and credit it to their bank accounts, as long as it is not proceeds of crime, illicit money.

“They just meet the normal ‘Know Your Customer’ criteria of banks and they have an opportunity to bring in those funds, make them safe, make them secure, and make them available through normal, economic activity.”

The minister also stated that 25 million Nigerians have benefitted from federal social protection initiatives, including digital outreach, microenterprise loans, and sector-specific support for power, agriculture, manufacturing, health, and compressed natural gas initiatives.

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DOUBLE AGENT CRISIS: Melaye Fires Epic Warning Over Adedeji’s Alleged Dual Roles As Tax Boss and President’s Fundraiser!.

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African Democratic Congress (ADC) chieftain Dino Melaye has strongly criticized the inclusion of Nigeria Revenue Service (NRS) Executive Chairman, Zacch Adedeji, as Deputy Director of Fundraising for President Bola Tinubu’s 2027 presidential campaign.....KINDLY READ THE FULL STORY HERE▶

Appearing as a guest on Arise Television’s Prime Time, Melaye argued that assigning campaign fundraising duties to the head of a critical national revenue agency demonstrates profound desperation and violates public service rules.

Key Objections and Legal Challenge

  • Conflict of Interest: Melaye emphasized that because the NRS chairman’s office is a Senate-confirmed position bound by statutory and public service regulations, holding a simultaneous political campaign role creates an unacceptable conflict of interest.

  • Intentions Questioned: He alleged that the arrangement suggests the initial appointment to the NRS was strategically designed to channel financial backing toward the president’s re-election bid.

  • Legal Action: Vowing to challenge the development in a court of law, Melaye stated his intention to expose what he perceives as a disregard for governance standards.

Response to Campaign List Review

Melaye also reacted to recent reports regarding the suspension and review of the campaign council roster. He claimed that the swift administrative pullback and the omission of certain names were direct reactions to public outcry and criticisms raised by opposition figures.

Would you like to explore official updates or review related portal information regarding political appointments and guidelines? You can check updates through the Arise News Portal or reference announcements via Daily Post.

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‘God Before Politics’ – Fani-Kayode Accuses El-Rufai Of Persecuting Kaduna Christians

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Former Aviation Minister and Nigeria’s former Ambassador to South Africa, Femi Fani-Kayode, has publicly criticized former Kaduna State Governor Nasir El-Rufai, alleging that his eight-year administration oversaw the systematic marginalization and mistreatment of Christian communities in the state.....KINDLY READ THE FULL STORY HERE▶

Addressing northern Christian leaders, Fani-Kayode claimed that during El-Rufai’s tenure, Christian communities faced violence, denial of developmental projects, and unequal allocation of resources. He asserted that Christian clergy members frequently endured insults and opposition regarding government policies, yet maintained a stance of prayer and non-violence.

Shifting his focus to the current administration, Fani-Kayode praised incumbent Governor Uba Sani—who previously served as a special adviser under El-Rufai—describing him as fair-minded and inclusive. According to Fani-Kayode, Sani had privately expressed deep concern over the previous administration’s approach toward religious groups in the state.

Furthermore, Fani-Kayode alleged that El-Rufai’s former deputy, Barnabas Bala Bantex, was also undermined and disrespected because of his faith during cabinet sessions. Concluding his remarks, Fani-Kayode emphasized that principles of fairness and spiritual duty must always transcend partisan politics.

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Inside Oshiomhole’s Warning: Why Hope Uzodinma Is The Wrong Man To Sell The APC Government to Ndigbo!

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Former Edo State Governor and current Senator Adams Oshiomhole has clarified that Imo State Governor Hope Uzodimma should not bear the sole responsibility of championing President Bola Tinubu and his administration across the South-East region.....KINDLY READ THE FULL STORY HERE▶

Speaking during a television interview on Sunday, Oshiomhole addressed broader political engagement strategies aimed at strengthening ties between the Federal Government and the South-East. He noted that while Uzodimma holds a prominent position as secretary within the ruling party’s campaign structure, that role does not translate to an exclusive mandate for explaining government policies and milestones to the Igbo community.

Instead, Oshiomhole emphasized that all political leaders and governors representing the South-East share an equal duty to communicate effectively with their constituents and build strong bridges with the center.

“Please note, the fact that Hope Uzodimma is the secretary doesn’t mean he will be the one marketing President Bola Ahmed Tinubu to the Igbo nation. I believe that every other governor in the South-East also has a role to play,” Oshiomhole stated.

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