Connect with us

News

Ex-IPAC legal adviser tells Tinubu not to delay the regulation of prices of food items

Published

on

***Naira Gains and Losses – Product of APC’s Ineptitude

Former National Legal Adviser  Inter Party Advisory Council of Nigeria (IPAC) Barr. Chukwudi Ezeobika has raised issues over skyrocketing prices of goods and services amidst speculations on a daily basis that the Nigerian Naira is gaining value against the American dollar

Ezeobika who was also a Candidate Anambra South Senatorial District (2018) gave the indication in statement on Sunday.

He said the presumption of gains in the Nigerian currency may be erroneous as they are without the consequent effects on goods and services as the average Nigerian is yet to feel the impact

“The reason for this indescribable phenomenon, just as we have in every sector of the Nigerian economy, is indeed not far-fetched. The wilful resolve by the Bola Ahmed Tinubu – led APC government to continually deceive Nigerians amidst the glaring economic recession and crisis. 

“It is erroneous to yield to the belief that the Nigerian currency can ever make any gains against the American dollar or its economy relevant in the global stage if the country is unable to produce the basic goods and services required by it, to build and develop its dilapidated and or non-existent infrastructure in critical sectors of the economy such as health, power, transport and agriculture. 

“All known indices of economic recession are currently prevalent in the Nigerian economy as can be seen in high and unprecedented costs of goods as well as services and the continued manipulation, by the current administration,  of the Nation’s currency, against the will of the Nigerian people.

“The Federal and State agencies saddled with the responsibility of regulating the prices of goods, most especially food items which are basic to an average Nigerian, have become either obsolete or 

non-existent, hence, the absurdities prevalent in the prices of food commodities such as rice, yam and beans, in most Nigerian markets.  

“The current administration has wilfully and consciously chosen to continue the path of its predecessors by propagating ill-conceived social and economic policies and engaging in projects that are purely unconnected and at variance with the well-being of its citizens.  

“The Nigerian Legislature ought to, as a matter of urgency, re-discover its essence in enacting relevant laws which have direct bearing on the lives of ordinary citizens, re-position itself in its oversight functions and periodically justify the huge budgets passed yearly to maintain the legislative arm of the Nigerian government. 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Obidient Movement Denounces Fake Social Media Posts Targeting Senator Datti-Baba Ahmed

Published

on

By

Senator Datti-Baba Ahmed

The Obidient Movement, led by Dr. Yunusa Tanko, has issued a press statement condemning the circulation of false social media posts attributed to Senator Datti-Baba Ahmed. The fabricated posts, which have gone viral, are described as part of a deliberate smear campaign aimed at damaging the Senator’s reputation.

The movement clarified that Senator Datti-Baba Ahmed does not operate any social media accounts, making all attributed posts entirely baseless. During a recent press conference, the Senator unequivocally dissociated himself from these claims and urged the public to disregard them.

“This is a targeted attempt to tarnish the Senator’s image and credibility,” Dr. Tanko stated.

The Obidient Movement has called on its supporters and the public to remain vigilant and proactive in addressing the issue. They urged people to ignore, counter, and report the false posts whenever they appear.

The statement concluded with an appeal for continued support and collaboration in combating misinformation, reinforcing the movement’s commitment to truth and integrity.

Continue Reading

News

Senate Approves President Tinubu’s N1.767 Trillion Loan Request

Published

on

By

The Senate has granted approval for a $2.09 billion (N1.767 trillion) loan requested by President Bola Tinubu to address the N9.7 trillion deficit in the N28.7 trillion 2024 budget. The decision was made during Thursday’s plenary, just 48 hours after the request was submitted to the National Assembly.

President Tinubu, in letters to both chambers of the legislature earlier this week, highlighted the importance of the loan for financing key projects and programs critical to national development.

Following the request, the Senate assigned its Committee on Local and Foreign Debts, led by Senator Aliyu Wammako (APC, Sokoto North), to review the proposal. Presenting the committee’s report, Senator Wammako described the loan as vital for implementing the Debt Management Strategy, reducing borrowing costs, extending debt maturity, and bolstering Nigeria’s external reserves.

The committee recommended raising the loan through Eurobonds or similar international financing instruments, subject to market conditions. It also suggested that any excess funds from exchange rate adjustments be directed toward capital projects in 2024 to support infrastructure and economic growth.

The Senate approved the loan unanimously, with no objections raised during deliberations. Deputy Senate President Jibrin Barau, who presided over the session, commended the Wammako-led committee for its swift and thorough handling of the proposal.

This loan approval is part of the government’s broader strategy to bridge fiscal gaps while focusing on developmental priorities and economic stability.

Continue Reading

News

Finland Detains Pro-Biafra Agitator Simon Ekpa on Terrorism Charges

Published

on

By

Simon Ekpa

Simon Ekpa, a Finland-based pro-Biafra agitator, has been arrested and detained by the Päijät-Häme District Court in Finland on charges of inciting public crimes with terrorist intent.

The alleged offence reportedly occurred in Lahti on August 23, 2021. Finnish authorities apprehended Ekpa on Monday, November 19, marking another chapter in his history of legal confrontations.

A source confirmed Ekpa’s arrest, noting, “He was arrested three days ago. But this is not the first time. He will likely be questioned and released soon.” Ekpa was previously detained in 2023 on suspicion of fundraising fraud but was released the same evening.

The Finnish National Bureau of Investigation (NBI) has also requested the detention of four additional suspects in connection with terrorism-related charges.

Ekpa has gained notoriety for his leadership of a Nigerian separatist group advocating for an independent Biafran state in southeastern Nigeria. Finnish authorities allege that he used social media platforms to coordinate actions that resulted in violence against civilians and authorities in Nigeria.

Detective Chief Inspector Otto Hiltunen of the NBI stated that the investigation focuses on a Finnish citizen of Nigerian descent, born in the 1980s, suspected of public incitement to crimes with terrorist intent.

Meanwhile, the Nigerian government has continued to engage the Finnish government through the European Union (EU) to extradite Ekpa. In August, Nigeria’s Defence Headquarters emphasized the dual approach of diplomatic engagement and sustained military operations against the Indigenous People of Biafra (IPOB) and its armed wing, the Eastern Security Network (ESN).

Director of Defence Media Operations, Major General Edward Buba, reiterated the government’s resolve, saying, “The FG would respond appropriately to the Finnish Government through the EU. On the part of the military, troops would sustain operations against IPOB/ESN.”

Ekpa, who has represented Finland’s National Coalition Party (NCP) in local government, currently serves on Lahti’s public transport committee. Finnish authorities continue to investigate his activities, emphasizing the potential connection between his leadership role in the separatist movement and violent actions in Nigeria.

Continue Reading

Trending

Copyright © 2024 National Update