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Naira scarcity: Nwosu berates govs over face-off with FG, says policy is good

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Chief Okey Nwosu former Chief of Staff to Owelle Rochas Okorocha has blamed the Governors of ten States that dragged the Federal Government before the Supreme Court over monetary policy indicating that with the directive for the old N200 notes to be used along with the new one the President has shown that he cares about the common man
Nwosu who spoke in Abuja on Monday at a press briefing said the policy is a very good one adding that the president has done his homework well.
He asked rhetorically why the governors are crying when the president has taken care of the masses.
He asked thee CBN to comply with the President’s directive to produce more of the N200 notes to alleviate the suffering of the people
“Most people are blaming Buhari but he has a reason why he has stuck to this decision. Do you know that no politician can withdraw N50m or N20m in N200 denomination because he will not be able to carry it.
“So when you blame Buhari also look at the good side of what he has done.
Nwosu who is also a stalwarts of the ruling All Progressives Congress said,
“In most of the developed nations we have cashless policy but it does not mean that there will be no cash at all. What it means is that the level of cash transactions will reduce.
“I see some people carrying N20m, N30m but go to UK, and some of these countries, if you are seen holding £50 they would be looking at you, even the attendant would have to go behind the counter and the supervisor will come to crosscheck if the currency is genuine. Why? because some of them have never seen £50 in their life
“My problem is with the National Orientation Agency, through the ministry of information who were supposed to have educated Nigerians. Nigerians were not educated on the cashless policy before it started.
“It is not CBN that is to educate Nigerians. There are other government agencies that are meant to disseminate information of Government policies and that is the minister of information and National Orientation Agency
“During the time of Jerry Gana once government policy comes out the jingles will be on TVs , radios before long people will be abreast with the policy
The problem between governors, Presidency and the masses, no politician in his right senses will want to see people that will vote you suffer because of currency redesign.
“Who among the politicians, the Governors will go to UK and bring out £100, 000 or even £50, 000 cash? They don’t do that.
“In every society once there is a new policy there must be some pain but after sometime they will be used to it
He said what he gained from the policy, is the fact that praise singers at events can no longer make him to part with money as before.
“Before now if you go to a function you see praise singers, you bring out N5000, N10000. D you know that the last one I went I told them I don’t have cash, they asked for transfer to their account number, I told them the network was failing. They were just looking at me. It has saved a lot of wastage.
He said the rural dwellers who would have been worse hit, have been taken care of with President Buhari’s approval for the N200 to be used along with the new N200 note
“What we should do is to also comply with what the President has said that the N200 naira notes which is the common denomination of the rural people be made available

Is it ripe for us to fully begin the implementation of the cashless policy

Let me start with the National Orientation Agency.  It KS an agency under the ministry of information and I believe ghat the minister of information have access to the president.  I have not heard the minister say that they are cash trapped,  remember we have some government media,  NTA,  NAN,  Radio Nigeria hoe many times have you heard
Take the location that is coming,  is it not the duty of the National Orientation agency.  I saw INEC, Parties doing the voters education
“It is the duty of the National Orientation Agency and ministry of information to highlight how people should vote uphill now we have not seen them do that
“They don’t need to pay NTA or radio Nigeria so there are some government agencies you can start from first, everything cannot be money. 

“When the head of any agency is wrong the entire agency will be wrong. So we blame the ministry of information and the National Orientation agency for not being able to disseminate the messages of the policies of President Muhammadu Buhari in Rural areas

“Every policy comes with it its own side defects but it takes time for people to get used to that policy. Before now do we do internet transfer? Everybody goes n.  I remember when we used to go to NITEL very early in the morning or late in the night to make calls
“Before now people go to bank to fill forms and submit to do transfer but now they do that with their phones so things come bit by bit.  I am of that within a short period of time,  this shouting and crying we are having now,  things will soon come back to normal but it depends on the agencies that are concerned.
“CBN should be able to put more cash into the system.  They should print more of the N200 notes
“The banks are also a problem, whether you like it or note some of the banks will take the cash and give to the politicians. We have to beam search lights on those banks. I thank God that the EFCC, ICPC and some of the government security agencies are on their trail so let them beam their searchlight on banks.”

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Information Ministry takes Economic Enlightenment Campaign to Jigawa

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Muhammed Idris

To educate citizens on the economic interventions under President Bola Ahmed Tinubu’s administration, the Federal Ministry of Information and National Orientation has commenced a public awareness campaign in Jigawa State.
The ministry urged the public, especially the youth, to take advantage of the opportunities for self-reliance, with the initiative highlighting various job creation and poverty alleviation programs.
The Minister of Information and National Orientation, Mr. Mohammed Idris, represented by Mala Bashir Dahiru Galadanci, Head of the Federal Information Center in Dutse, highlighted the government’s “Renewed Hope” initiatives.
He emphasized that the interventions were designed to change the narratives in the economic wellbeing of Nigerians and provide job and skill opportunities, particularly for the youth, to encourage self-reliance and entrepreneurship.

According to Mr. Galadanci, the administration is committed to addressing poverty and unemployment by introducing accessible programs that benefit citizens at the federal, state, and local levels. He called on the people of Jigawa State to explore these opportunities and support government efforts in transforming the country’s economy.

Jigawa State Director of the National Orientation Agency (NOA), Mr. Ahmad Tijjani, also called for public support of the government’s policies. He acknowledged that while some recent policy changes have impacted citizens’ living standards, these new interventions are a proactive step toward alleviating poverty and economic hardship.

In a presentation, Professor Ali Siro of the Sociology Department at the Federal University Dutse detailed various federal interventions, including the Student Loan Program, Consumer Credit Corporation, Compressed Natural Gas Initiative, National Youth Talent Export Program, National Housing Initiative, and several small business loan schemes.
He explained the eligibility criteria, repayment terms, and benefits of the initiatives to encourage public participation.

In his goodwill message, the Emir of Dutse, Hamim Nuhu Sanusi, commended the federal government for introducing multiple economic interventions to cushion the impact of new policies.
Represented by Senior Counsellor Alhaji Mustapha Aminu, the Emir suggested a review of civil service rules, urging the government to adjust workers’ salaries and make loan terms more flexible to prevent financial strain on the workforce.

This campaign marked the beginning of a nationwide effort to educate citizens on government interventions aimed at creating socio-economic opportunities and improving the overall welfare of Nigerians.

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EFCC declares that Bello is not in its custody, amidst speculation of his arrest by the agency

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***Bello leaves EFCC without interogation

The Economic ane Financial ctimes Commisaion has discredited reports that the immediate past Governor of Kogi State Yahaya Bello is in its custody .
Head, Media and Publicity of the anti graft agency, Dele Oyewale in a terse statement on Wednesday indicated that Media reports earlier in the day that a former Governor of Kogi State, Mr. Yahaya Bello is in the holding facility of the Economic and Financial Crimes Commission, EFCC, is incorrect. “The Commission wishes to state that Bello is not in its custody. Bello, already declared wanted by the Commission for alleged N80.2billion money laundering charges, remains wanted with a subsisting warrant for his arrest.
Bello’s media team had sent out a statement earlier indicating that the former Kogi State Governor Yahaya Bello had turned himself in to
honor the Economic and Financial Crimes Commission (EFCC) invitation, following allegations of corruption and fraudulent activities during his tenure.
Their statement confirmed that the former Governor appeared before the EFCC after consulting with his family, legal team, and political allies.
In another twist, indications emerged that Bello, who had initially claimed to have voluntarily honoured the commission’s invitation, was trailed and arrested by EFCC operatives in Lokoja at midnight.

In yet another twist, Bello’s Director of Media, Ohiare Michael said, “Earlier today, we reported the voluntary visit of former Governor of Kogi State, HE Alh. Yahaya Bello to the Economic and Financial Crimes Commission office to honour the Commission’s invitation.
“In the statement, we reiterated the former Governor’s great respect for the rule of law and constituted authority, and stressed that, all the while, he only sought the enforcement of his fundamental rights in order to ensure due process.
“The EFCC did not, however, interrogate him as officials told him he could leave. We don’t know what this means yet. As we write, HE Alhaji Yahaya Bello has left the EFCC office. He was accompanied there by the Governor of Kogi State, HE Alhaji Ahmed Usman Ododo.
“Recall that the case has been before a competent court of jurisdiction, and Alhaji Yahaya Bello had been duly represented by his legal team at every hearing. The former Governor decided to honour the invitation to clear his name as he has nothing to hide and nothing to fear. “

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At last, Yahaya Bello honors EFCC invitation

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Yahaya Bello

Former Kogi State Governor Yahaya Bello has honored the Economic and Financial Crimes Commission (EFCC) invitation, following allegations of corruption and fraudulent activities during his tenure.
Bello’s media team in a statement confirmed that he appeared before the EFCC after consulting with his family, legal team, and political allies.
The former governor had been declared wanted by the EFCC over alleged money laundering and corrupt enrichment amounting to N80.2 billion.

The statement reads: “The former Governor, who has great respect for the rule of law and constituted authority, had, all the while, only sought the enforcement of his fundamental rights in order to ensure due process.

“The case has been before a competent court of jurisdiction, and Alhaji Yahaya Bello had been duly represented by his legal team at every hearing. It is important for the former Governor to now honour the invitation of the EFCC to clear his name as he has nothing to hide and nothing to fear.

“The former Governor believes firmly in the efforts of the administration of President Bola Ahmed Tinubu to place Nigeria on the path of sustainable economic development; and supports the fight against corruption in the country.

“It is on record that he was the first Governor of Kogi State to put in place an anti-corruption mechanism to check graft and ensure that the resources of the State work for the people of the State.

“He was accompanied to the EFCC Headquarters by high profile Nigerians.

“It is our hope that the Commission will be as professional as necessary and respect his fundamental rights as a citizen of the Federal Republic of Nigeria.

“Details of his engagement with the operatives of the Anti-Graft Agency will be disclosed later.”

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