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NSCDC deploys over 40,000 personnel nationwide

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The Commandant General, Nigeria Security and Civil Defence Corps, Ahmed Audi, has ordered the strategic deployment of over 40,000 personnel across the federation to ensure a peaceful Eid-el-Fitr celebration.

Audi gave this directive due to the current security challenges and the need to proactively tackle crimes.

The CG in a statement signed by the Corps spokesperson, Babawale Afolabi, on Monday, hinted that the Corps would deploy both kinetic and non-kinetic approaches to nip in the bud all acts of criminalities before, during and after the Eid-el-Fitr celebration in various states of the nation.

“As the Holy month of Ramadan comes to a close, on behalf of the Management and Personnel of the NSCDC it is my pleasure to congratulate all our Muslim brothers all over the nation wishing them a blessed, peaceful and joyful Eid-el-Fitr”.

“This felicitation is with unwavering assurance that the celebration will go very smoothly and without any hitch as Officers and men of the Corps would be deployed strategically to public places, Eid prayer grounds, Shopping Malls, Markets, Motor parks and various flash points across various formations and States of the federation.

“Notably, the State Commandants have been directed to deploy their Personnel to strategic locations and flash points while ensuring strong collaborations with other Sister Security Agencies and adequate supervision of their personnel for effective service delivery,” Audi said.

While praying for peace across the nation, Audi charged the Muslim faithful to reflect on the Ramadan lessons of Compassion, Unity and mutual respect for the dignity of persons. He also said there is a need to remember the most vulnerable, the poor.

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“Reduction in Cost of Production”: Pro-Tinubu Group Tackles Critics of Electricity Tariff Hike

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  • The Tinubu Media Support Group (TMSG) said the majority of Nigerians will continue to benefit from electricity subsidies
  • The Chairman of the Pro Tinubu group, Jesutega Onokpasa said the increase will affect only consumers enjoying about 40 per cent of distributed power supply
  • Onokpasa rubbished the claim that the new tariff will affect the productivity of manufacturers in the country

FCT, Abuja – The Tinubu Media Support Group (TMSG) said the recent increase in electricity tariff will affect only consumers enjoying about 40 per cent of distributed power supply in the country.

The group said the majority of Nigerians will continue to benefit from electricity subsidies.

Pro-Tinubu group says majority of Nigerians still enjoying electricity subsidy
Photo credit: @officialABAT/@KadunaResident
Source: Twitter

Electricity tariff hike: 4 things NERC wants consumers to do to ensure DisCos don’t cheat

Onokpasa said that the public outrage over the removal of electricity subsidy for 15% of consumers is unnecessary.

Why Tinubu deserves credit for electricity tariff hike

He said President Bola Ahmed Tinubu deserves credit for paving the way for improved power supply in the medium and long term after signing off on an action that shielded 85% of electricity consumers from tariff hikes.

“While it is true that the last tariff hike in Nigeria was in 2020, the distribution companies DisCos have been angling for what they described as cost-reflective tariff to help businesses recover costs and boost investment but it is to the credit of President Tinubu that what we have is a price adjustment that affects only consumers enjoying about 40 per cent of distributed power.

“Electricity tariff hike”: Step-by-step guide to checking if you’re on Band A, B, C, others

“In addition, out of 800 feeders on Band A, 300 were removed. These are mostly those meant for residences. So, in effect, ordinary electricity consumers will experience no increase outside of consumers in Band B, C, D, and E. Also, those that will experience an increase will receive benefits of lower rates than the alternative power sources they were using.”

Why it won’t affect manufacturers’s productivity

The pro-Tinubu group also dismissed claims that the new tariff for premium electricity consumers would affect productivity in the case of manufacturers.

Onokpasa said the manufacturers will reduce their dependence on diesel-powered generators, and reduce their cost of production.

“So we are convinced that those claiming that manufacturers will pass on the extra cost to the consumer are being mischievous. What they are getting is a reduction in the cost of production, so the consumer should even be expecting lower prices instead.

“Tinubu’s reforms are without a human face”: Atiku rejects electricity tariff hike

Obasanjo Farm, 27 feeders downgraded from Band A to E

According to the list, some areas dropped from 20 hours of daily power supply to zero hours.

It was gathered that the 28 downgraded feeders are in Oyo, Ogun, Kwara and Osun states.

Fire razes hair wig store in Lagos market

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A fire incident occurred at 48 Breadfruit Street, Apongbon, Lagos Island on Monday as a result of “careless handling of a generator.”

According to the Lagos State Fire and Rescue Service, the fire, which originated from the second floor of the three-storey building housing various hair wigs, began at 12.24 pm on Monday.

The LSFRS also disclosed that no casualty was reported from the incident.

A statement by the agency’s Director, Margaret Adeseye, read, “The Lagos State Fire and Rescue Service has initiated a comprehensive operation to contain a fire outbreak at 48 Breadfruit Street, Apongbon, Lagos, which began at approximately 12:24hrs on Monday.

“The blaze, originating from the second floor of a three-storey building primarily housing various hair wigs, prompted a swift and coordinated response from multiple fire crews, including those stationed at Ebute Elefun, Sari Iganmu, Dolphin, and Alausa of the agency, as well as the Federal Fire Service.

“Despite challenges posed by the difficult terrain and heightened concerns among traders, the fire has been successfully extinguished, preventing its spread to adjacent property and salvaging what remains of the affected structure.

“There have been no reported casualties, and the cause of the fire is attributed to careless handling of a generator.”

According Online reported in March how fire razed four buildings at Dosunmu Market in the Idumota area of Lagos State, resulting in the collapse of one of the buildings.

 

CBN Gives Fresh Order to Zenith, GTB, Access, Others on Naira Loans to Customers

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  • In a recent development, Nigeria’s central bank has prohibited the use of foreign currency for collateral for naira loan
  • According to the apex bank, Eurobonds issued by the Federal Government of Nigeria are exempted from the ban
  • The CBN directed that all loans currently secured with dollar-denominated collaterals should be wound down within 90 days

The use of foreign currency as collateral for naira loans has been banned by the Central Bank of Nigeria (CBN).

The central bank has prohibited the use of foreign currency for naira loans.
Photo Credit: CBN The Trusted Advisor
Source: UGC

Dr Adetona Adedeji, the acting director of the CBN’s Banking Supervision Department, stated this in a directive to Nigerian banks.

However, the CBN excluded any Eurobonds that the Federal Government of Nigeria issued or foreign bank guarantees, such as standby letters of credit, from the prohibition.

Concerns mount over job losses as NLC lists implications of banks’ recapitalisation

He claimed that bank customers are currently using Foreign Currency (FCY) as collateral for naira loans, as the CBN has observed.

The CBN noted:

“Consequently, the current practice of using foreign currency-denominated collateral for Naira loans is hereby prohibited, except where the foreign currency collateral is Eurobonds issued by the Federal Government of Nigeria or Guarantees of foreign banks, including Standby Letters of Credit.

“In this regard, all loans currently secured with dollar-denominated collaterals other than as mentioned above should be wound down within 90 days, failing which such exposures shall be risk-weighted 150% for Capital Adequacy Ratio computation, in addition to other regulatory sanctions.”

Recapitalisation: CBN, EFCC to watch banks against injection of illicit funds into banking system

The bank allowed 24 months (starting on April 1, 2024, and ending on March 31, 2026) to comply with the new rule in a statement to all commercial, merchant, and non-interest banks and promoters of planned banks.

Only 17 out of 24 banks will survive

The report says options available to banks outside CBN requirements include mergers and outright acquisitions.

The report acknowledged the financial soundness of the banks, which shows that Nigerian banks are safe and resilient as of 2023.

Court fines actress, Halima N10m for defaming Apostle Suleman

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A Federal Capital Territory High Court has ordered Nollywood actress, Halima Abubakar, to pay N10m as damages to the Senior Pastor and General Overseer of Omega Fire Ministries International, Apostle Johnson Suleman, for publishing derogatory comments against him.

The court also restrained her from further publishing defamatory statements against the cleric.

According to the Certified True Copy of the judgment dated April 8, 2024, the cleric accused Abubakar of publishing libellous statements on her Instagram page @halimabubakar, which was published by several blogs and newspapers.

The cleric specifically said Abubakar accused him of being a womaniser and diabolical, among others.

According to the process, Abubakar said, “Shan, you said you don’t think I am smart? lol, ask Sule. At your big age am glad Gistlover sent that list. Thank you gistlover for calling me out. I for dey lie and lie for Sule? Never. God bless you gistlover. But your list is small for real. Johnson try me.

“Supporting you on your lies won’t work again. Anyone who involves his/her self will be tagged a bloodsucker. All of you supporting nonsense. No be Sule again, why do they bleed? They know the truth.

“Johnson Suleman wake up and untie her!! you must untie her. You owe her two kids you evil man… Not even how is your health for 4 years… my sister must survive O!

“PIs, don’t worry about me. But you can hold Johnson Suleman responsible just in case you can’t do anything though. Nigerians be aware, if anything happens Johnson you.

“You told her to wait for you to find out why! Knowing well what you did. Giving you space is not possible. How many women have you done this to? you said it yourself that you can’t solve it! why can’t you solve it? Then you disappeared. Not a word since! With all the calls, Tex’s, etc. Sule, she believed you. Nigerians this man is dangerous and a hazard to society from ppl like this.”

The cleric, however, said the statement by Abubakar through her Instagram handle was falsely and maliciously written and published to the general public.

In his judgment, Justice Enobie Obanor noted that Abubakar was allowed to defend herself in the matter but failed to do so.

The judgment read, “This issue is therefore resolved in favour of the claimant. Accordingly, judgment is entered in favour of the claimant as follows:

“A declaration that the statements published by the defendant against the claimant on her Instagram handle @halimabubakar, falsely and maliciously written and published to the general public, are defamatory of the person of the claimant.

“The sum of N10,000,000.00 only to the claimant as aggravated and exemplary damages for libel contained in the publication of the defendant against the claimant on her Instagram handle @Halimabubakar and caused to be published in several blogs.”

The judge also ordered Abubakar to publish a retraction of her defamatory statements on her Instagram handle @Halimabubakar.

“An order of this Honourable Court compelling the defendant to pay for the deleting of all links and reportage of the said defamatory comments on all platforms on the internet”, the judge added.

Naira Faces Rejection From Traders at Borders Amid Depreciation Concerns

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In the wake of the recent depreciation of the Nigerian currency (naira), the local currency of the West African market region is facing additional challenges as trans-border traders have begun to refuse the currency.

Investigations conducted along the Seme border revealed that trans-border traders are increasingly hesitant to accept the naira. Instead, they favour either the CFA franc or the local currencies of non-francophone nations.

The Nigerian currency previously enjoyed convertibility in the informal payment networks of various countries.
Photo credit – GPJ, Financial Times
Source: UGC

When naira was prominent trading currency

Previously, the naira held sway as the primary medium of exchange among traders across borders due to the substantial trade volumes between Nigeria and neighbouring countries in the sub-region.

Traders had the liberty to utilize the naira across various countries in West Africa as it enjoyed convertibility in the informal payment networks of various countries.

British pound loses to naira as Nigerian currency continues to gain in April, Nigerians react

At that time, the naira boasted a stronger value compared to the CFA franc. However, those days have passed, as the naira is now met with rejection in these nations.

According to Vanguard research, the naira’s convertibility status began to erode in February, culminating in outright rejection by March 2024.

Nigerian traders interviewed by Vanguard expressed dismay over the escalating risk of holding naira, given its consistent depreciation since last year, with the most significant decline recorded in the last few months.

Naira depreciation against CFA franc

According to official reports, the naira experienced significant fluctuations against the CFA franc throughout 2023.

Starting above N1/1.5CFA in the first quarter, it plummeted to N1/0.9CFA in the second quarter and N1/0.8CFA in the third.

Following relative stability in the fourth quarter, it began in 2024 at N1/0.66067CFA in January.

However, a second wave of depreciation hit in February, causing the exchange rate to drop drastically to N1/0.38308CFA before reaching a new low of N1/0.37595CFA last week.

Naira performs better in black market than official window as It gets new ranking in Africa

Naira no longer prominent currency at borders

Traders are now taking precautions against further depreciation, although a slight improvement has recently occurred.

Despite this, the naira still falls short of its former strength in the subregion, adversely impacting the cost of imported goods into Nigeria from West African economies.

Consequently, business activities have slowed on both sides of the Nigeria-Benin Republic border towns.

During visits to border markets between Benin and Nigeria, it was observed that many money changers or Bureau De Change no longer prominently display the Nigerian currency as they did in the previous year.

Transporters and motorcycle taxi riders, known as Okada in Nigeria, have begun refusing payments in naira across borders.

Their rationale is that converting naira to CFA upon return would result in a loss of earnings due to unfavourable exchange rates. As a result, they consider holding CFA to be a safer option.

Naira rebounds, ranks among best performing African currencies

Man who dismembered wife’s body into 200 pieces sentenced to life in prison

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A man, Nicholas Metson, 28, who dismembered his wife’s body into over 200 pieces and then enlisted a friend to help dispose of her remains in a river, has been sentenced to life imprisonment with a minimum term of 19 years.

Metson fatally stabbed Holly Bramley, 26, at least four times in March 2023 before dismembering her and storing her body parts for a week in the kitchen larder at their shared flat in Shuttleworth House, Stamp End, Lincoln.

According to foreign news platform Independent.co on Monday, Metson admitted to the murder and was sentenced to a minimum term of 19 years and 316 days at Lincoln Crown Court. His friend, Joshua Hancock, who aided in disposing of Bramley’s remains, received a three-year and three-month prison sentence, along with a 10-year sexual harm prevention order.

Sentencing Metson, His Honour Judge Simon Hirst of Shuttleworth House, Lincoln, said, “The cause of death cannot be established given how you treated Holly’s body after you killed her.”

Bramley’s remains were found by an individual who, initially mistook them for animal remains, before discovering human hand in the river on the evening of March 25th more than a week after Ms. Bramley was last seen entering her flat on March 17th.

During the court proceedings, it was revealed that some of Holly Bramley’s remains, including parts of her heart, were never recovered.

Initially, Nicholas Metson denied the charges of murder. However, he later changed his plea to guilty before the trial commenced.

Before Bramley’s remains were discovered and during her period of absence, Lincolnshire Police visited the flat she shared with Metson.

At that time, Metson informed the authorities that his wife had departed their residence on March 19th in the company of two individuals from a local mental health crisis team.

Upon entering the flat, officers detected a “strong smell of bleach and ammonia” They also spotted a saw resting on a towel, bloodstained sheets within the bathroom, and a large bloodstain on the bedroom floor.

Following the revelation that Metson’s account regarding his wife’s disappearance was deceitful, law enforcement arrested Metson and charged him with murder and perverting the course of justice.

A thorough examination of Metson’s mobile phone revealed Google searches, including inquiries such as “How to get rid of a dead body”, “What benefits can I get if my wife dies” and “Does God forgive murder”.

Metson had also sent a message to Hancock, residing at Walnut Close in Waddington, during the early hours of March 25th, offering him £50 in exchange for Hancock’s assistance with an unspecified “job.”

NERC Gives Ikeja Electric, 10 Other DisCos Deadline to Refund Customers as New Tariff Starts

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  • The Nigerian Electricity Regulatory Commission (NERC) has directed the 11 electricity distribution companies in Nigeria a deadline to refund customers
  • The directive gave the companies until April 11 to make the refund via energy tokens and provide proof to the Commission
  • The development follows a fine of N500 million slammed on Abuja Electricity Distribution Company for wrongful billing

The Nigerian Electricity Regulatory Commission (NERC) has given the 11 electricity distribution companies (DisCos) till April 11, 2024, to refund customers who were wrongly billed at the new rate.

The statement was in a document signed by Abba Terab, NERC’s DGM, Market Competition and Rates.

NERC gives strict orders to DisCos to reimburse consumers billed on the new tariff
Credit: Bloomberg/Contributor
Source: Getty Images

Electricity consumers to get new energy tokens

NERC said the refund should be via energy units by April 11 and show evidence of compliance with the Commission by April 12, 2024.

Good news as FCCPC tells NERC to metre all electricity consumers in 60 days

Daily Trust reports that NERC also directed all the DisCos to clarify enough to all affected customers.

NERC said:

“The DisCos are hereby directed to implement the following updates: “All DisCos shall ensure that only the newly approved Band A feeders listed in their April 2024 supplementary orders are maintained as Band A for vending to prepaid customers and billing for postpaid customers on their networks.

“All DisCos are required to immediately post on their websites the schedule of approved Band A feeders affected by the rate review.

FG slams Abuja DisCo with N200 million fine

The development comes as the Commission imposed a penalty of N200 million on Abuja Electricity Distribution Plc (AEDC) for disregarding its tariff regulations.

Electricity tariff hike: 4 things NERC wants consumers to do to ensure DisCos don’t cheat

This sanction follows the Supplementary Order to the Multi-Year Tariff Order for 2024, issued on April 3, 2024, highlighting AEDC’s failure to comply.

It would be recalled that on April 3, NERC approved an increase in electricity tariff for Band A customers, stating that customers who receive 20 hours of electricity supply daily will pay N225 per kilowatt (kW) instead of the previous N66, starting from April 3.

According to a detailed communication disclosed by NERC, AEDC incorrectly implemented an authorised tariff increase across all customer categories, disregarding the specific instruction that only customers in Band A were to be affected by the rate adjustment.

This error has resulted in unjustified customer charges in Bands B to E. It has raised concerns about the operational adherence and fairness standards one of the nation’s prominent electricity distribution companies upholds.

FCCPC tells NERC to metre consumers in 60 days

NERC issues fresh instructions to DisCos on new electricity tariffs

According to a recent statement signed by Dr Adamu Abdullahi, the organisation’s acting executive vice chairman and chief executive officer, the Federal Competition and Consumer Protection Commission (FCCPC) has supported this action.

Additionally, the FCCPC demanded that NERC order all DisCoS to meter every electrical customer within 60 days.

60 PDP Reps demand Damagum’s resignation as party chairman

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Sixty members of the House of Representatives elected on the platform of the Peoples Democratic Party, on Monday, called on the party’s acting National Chairman, Umar Damagum, to resign.

The 60 lawmakers led by the PDP member representing Ideato North/Ideato South Federal Constituency, Imo State, Ikenga Ugochinyere, demanded the resignation of Damagum, accusing him, among others, of being in bed with the ruling All Progressives Congress.

This is just as the opposition lawmakers accused Damagum of plotting to use the Federal High Court to legalise the extension of the tenure of Rivers State Local Government Areas Chairmen,

Meanwhile, Minority Leader of the House and a known political associate of the FCT Minister, Nyesom Wike, Mr Kingsley Chinda, was copiously absent at Monday’s briefing.

“We demand the immediate resignation of Damagun as Acting National Chairman of PDP for anti-party activities and allow the North Central to produce the Acting Chairman as clearly stated in the PDP Constitution or watch us reconsider our membership of the party in the months ahead if the right thing is not done.

“We also call for the removal of Damagun by the party’s National Executive Committee with further sanctions against him for his anti-party activities.

“It is our call on Damagum to immediately resign so that the party can midwife a process and hand over to someone from North Central in line with the provisions of our great party. It is also our call to the leaders of our party from the North Central, Governor Caleb Mutfwang of Plateau, Senators David Mark, Bukola Saraki, Abba Moro, Gabriel Suswam and Babangida Aliyu, to rise up now and save the soul of the part,” Ugochinyere said on behalf of his colleagues.

He noted allegations of “Doctoring of caretaker committee members lists in Rivers State and at least 10 other states. This story is quite unfortunate, and I can confirm to you all that it is not a rumour but a fact. We have obtained very credible intelligence on the goings in our party’s Wadata House national secretariat, and it does not sound right at all. We currently have a national leadership in the PDP that is in bed with the APC and working extremely hard to hand over the party to the APC.

“Following the removal of Iyorchia Ayu as national chairman of our party and assumption of office by Damagun, who was elected as Deputy National Chairman to act in his stead, the party has only known misfortune and has abdicated its responsibility as the leading opposition party in the country. That role which Nigerians would have loved the PDP to play as an institution it truly is has been abdicated for a plate of porridge,” he added.

Describing Damagum as unfit to lead the party to battle, the lawmakers said the Yobe politician “Was only constitutionally allowed to step in, hold the fort and midwife the process through which the North Central zone where the chairmanship of the party was originally zone to present another person who would complete the slot of the North Central,” adding however that “Not only did Damagun hold tight unto the seat for well over a year now, he has abdicated every responsibility of the office of the chairman of PDP and is very comfortable serving APC interests.

“There had been an agreement of a broad spectrum of the party leadership when it became clear that Damagum was not interested in conducting elections but in appointing caretaker committees in at least 19 states where the tenures of the state and local government leaders were expiring to extend the tenures of these officials by three months. This decision, which was made to cover every state, was the wisdom that restrained Damagum from announcing a wholesale list of a majority of caretaker committees populated by APC agents masquerading as PDP members.

“However, despite that decision to retain everybody, Mr Damagun went ahead and received a list of APC agents and announced them as members and leaders of the PDP local government caretaker committees wholesomely in Rivers State and partially in at least 10 other states. This is a direct attempt to kill the PDP and ensure it goes into extinction.”

The lawmakers also accused Damagum of failing to retain most of the states in the South-East, noting that today, the party is only in charge of Enugu State, “Which literally snatched from the jaw of a lion.”

He added that the party “Lost Benue, Abia and Sokoto states. The PDP leadership kept mute while the PDP state and federal lawmakers lost their seats at the tribunal and Court of Appeal on the grounds that were obviously untenable, which have since been upturned by the Supreme Court. If the party had spoken up and raised the necessary alarm, all our colleagues in Imo and Plateau States particularly would have been with us in the assembly today.”

Addressing the National Chairman frontally, Ugochinyere said, “You have a chance to resign immediately, leave, or be embarrassed out of the party. At least 60 of us in the PDP in the National Assembly will severe all relationships with the Damagun leadership until he leaves office. At the scheduled National Executive Committee meeting, if Damagun by any maneuvering however conjectured, remains in office with the help of his APC friends at the end of the day; the party is now heading to the final slaughter shed.”

“Coming From a Man of 46 Yrs Experience”: Charly Boy Steps Into AY and Wife’s Marital Saga

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  • Charly Boy has shown concern to the marital crisis rocking comedian AY and his wife, Mabel’s union
  • The comedian was alleged to have beaten is his wife and he was also accused of domestic violence while Mabel was said to have left the house
  • In his reaction, the activist noted that a broken marriage not a reflection of failure s he also comforted the comedian

Controversial activist, Charles Oputa, better known as Charly Boy has given his two cents about the marital crisis rocking comedian Ayo Makun and his wife’s union.

“Perfection is not attainable”: Mabel responds to AY Comedian’s comment about their marriage crash

In his reaction to the ongoing saga, Charly Boy said people should leave the humour merchant who lost millions of naira to an inferno last year. According to him, it was not always true that a broken marriage was a reflection of failure.

Charly Boy steps into AY’s marriage saga. Photo credit @reafada1/@realmabelmakun
Source: Instagram

Charly Boy asks fans a question

The singer and songwriter asked his fans who had never misbehaved to raise their hands. He comforted AY and added that sometimes, broken marriages produce strong individuals.

Charly Boy also said that a failed marriage was an opportunity for self-discovery as he greeted the comedian and his wife for staying together for 20 years.

See the post below: 

How fans reacted to the post

“My marriage is slipping off my hands”: Comedian AY confirms marital struggles with wife, fans react

Reactions have trailed the post made by Charly Boy about AY’s union. Here are some of the comments below:

@e_classic_haircut:

“What you get when you married un forgive woman because she is beautiful.”

@zynnyken:

“Dem no dey pet Man sir, a man is supposed to be a man.. AY i don’t know if u can see this message but always know that there is no perfect marriage.”

@ogahoche123:

“If men start marrying two or more wives., lot of women will be humbled.”

@ihemsngozi:

“Chaiii I too love this couple ooo God please restore them.”

@kween_guzman:

“Nor AY tape dem say leak for hmmmm.”

@i_am_dikfrancis:

“Ay na cool guy.”

@ochorroy:

“This quote from area father no be ordinary quote.”

@queentluscious:

“Nice one. Broken marriage is a not a reflection of failure period.”

@oracleofawka:

“If you have a problem with your wife to the point of divorce, don’t divorce , Marry 2 or 3 more wives.”

“Wetin dem no get”: Brymo shares how he can’t pose in his parent’s private jet, hustles for them

@brownsugar_steph:

“I agree with you.”

AY’s wife reacts to marriage crash

She posted a clip about distance being her response to disrespect.

According to her, she does not dive into drama as she simply removes herself from such situations.