Malami And The List Of 400 Sponsors Of Terrorism In 2021 (A Brief Analysis)

Sometime in May, over 400 people were arrested after a nationwide crackdown on financial sponsors of a terrorist group (Boko Haram) in Nigeria.

After the operation was approved by the President in 2020, the attorney general of the federation and minister of justice Abubakar Malami disclosed that the Nigerian government embarked on a far-reaching and wider investigation into terrorism after the conviction of six (6) Nigerian Boko Haram finances in the United Arab Emirates.

He future disclosed that his office reviewed over a thousand case files and the suspects were profiled for prosecution.

As of then, Malami promised that no stone shall be left unturned as his office would aggressively pursue those who were involved in the terrorism of the federation. After this development, the Boko Haram terrorist group hoisted their flag in Niger state in the following month (April).

These flags were hoisted in two different local governments namely, Shiroro and Kaure. The 400 Boko haram sponsors who were arrested include operators of bureau de change and they were arrested in places like Kano, Abuja, Adamawa, Sokoto, Borno, Zamfara, and Kaduna. Reports show that as of May, the prosecutions had been scheduled to commence as quickly as possible.

The arrest of these 400 sponsors of the Boko Haram terrorist group was made jointly by the Defence Intelligence Agency in collaboration with the Department of State Services, Nigerian Financial Intelligence Unit, and the Central Bank of Nigeria.

Others on the list of the Boko Haram sponsors were businessmen who were gold miners and sellers. Some traders at the foreign exchange market were also picked up. The list of these 400 sponsors was never fully realized to the public as the operation bordered on national security and the federal government was being discreet and careful.

Bola Ige: Jubilation and victory of his killers

Distinguished readers,

It is now 20 years that Bola Ige, former minister of justice and attorney general of the federation was shot dead at his home in the south-western city of Ibadan.

For 21 years, activists including politicians who shared same interests with him when he was alive have continously demanded for the apprehension and prosecution of his killers.

Despite outcry, no one knows the true killers of Bola Ige who was murdered in service as attorney general and minister for justice and it remains a difficult puzzle to solve. Out of 20 years, the political party who was in power when he was coldly murdered, Peoples Democratic Party (PDP) ruled for 14 years and they could not produce his killers.

Majority of key players who participated in the struggle for justice, sponsored protests to demand for arrest and prosecution of his killers have also plotted their ways into power. They have held strategic positions in the country. They are now closer to the powers that can bring about the desired justice they had always wanted but the silence in them is cooler than that of death.

For 6 years, they have held the power they protested against but they have not considered finding the killers of Bola Ige. Every year, they come together to mourn the demise of the late cicero, Bola Ige. Every year, they turn his corpse inside grave and open the ‘sore wounds of death’ only for discussion and patronage. They had clamoured for investigations in the past.

They are now friends of people who have powers to investigate and make necessary arrest but they prefer silence because the unsolved puzzle of Bola Ige’s death has political benefits. They only remember the late Cicero when they mount podiums. They only remember the ‘husband of Atinuke’ when they want to play politics.

Again, who killed Bola Ige? Not only commoners but people who are closer to corridors of power still ask this question. Professor Wole Soyinka has raised the dust again after 6 years. He courageously asked the federal government under the leadership of Muhammadu Buhari who is a friend to mentees of Bola Ige to make known the details of their investigation about the assasination.

A former minister of power and steel, Olu Agunloye said the killer of Ex-Justice minister, Bola Ige was part of a big conspiracy network. When I listened to Agunloye’s speech, I discovered that he downplayed justice but condemned the killing. He understands that there is no justice anywhere but he is afraid of public persecution. Like Agunloye, many prominent Nigerians have silently concluded too. This matter is surrounded by a lot of cobwebs. In all, I see no justice in sight.

Again, we have resumed the call for investigation, apprehension and prosecution of true killers of Bola Ige. Both prominent Yoruba leaders and groups have spoken. All the pages of newspapers are filled with a lone question on the lips of every Nigerian that who killed Bola Ige? His friends, foes and possibly unknown killers who are probably in higher offices or walking freely in their respective majesties have also joined the annual cause. They mourn in public and mock in private. The call for investigation always dies with the season. In the next 48 hours, nobody would be interested again.

Nigeria and unresolved murder cases are siamese twins. A senior colleague, Komolafe said in one of his write ups that Nigeria has couched euphemistic names for reckless killings in the land; and it is as if the gods are angry. When I was browsing through the internet, I saw a list of prominent unresolved murder cases and I was shocked. Most families have resigned to fate. They have accepted destiny and handed over everything to God because they surely know that there is no justice anywhere.

Some of prominent Nigerians who were coldly murdered are: Dele Giwa (1986)! Alfred Rewane (1995)! Bagauda Kaltho (1996)! Kudirat Abiola (1996)! MKO Abiola (1998)! Barnabas Igwe and Abigail, his wife (2002)! Marshall Harry (2003)! Aminosari Dikibo (2004)! Hassan Olajokun (2005)! Ayodeji Daramola (2006)! Funsho Williams (2006)! Dipo Dina (2010)! Olaitan Oyerinde (2012)! Funke Olakunri (2019)!

If killers of these people could not be apprehended or prosecuted, it does not only promote crime or build a culture of criminality but tells ordinary citizens like me that we must not get killed. Like past years, we have come together again to ask the most important question of the moment, who killed Bola Ige?

We will ask next year too. Till then, do not get yourself killed because there won’t be justice for you. Be wise!

WE MUST PRAY FOR ILE-IFE

This year, 2021 is a challenging one for the people of Ile-Ife. I do not know what is occupying the minds of natives and residents of the town. The month of December will always be remembered by the good people of Ile-Ife. As an ancient town of traditions, one is forced to ask if they did not forsee the troubles of this month or the forebears especially the spirits in control of the town are at war with the natives and residents of the town.

What exactly did Ooni of Ife hear from our forebears or spirits of the land during his 7 days of seclusion? This month is no doubt a challenging one for the ancient town and we must remember the people and town in our prayers.

It is excruciating to note that each time, Ile-Ife appeared on social media in this month of December, the ancient town is either a subject of ‘controversy’ or ‘ridicule’.

From the alleged murder of Timothy Adegoke, a student of Obafemi Awolowo to stormy revelations about one of her prominent sons, Iyiola Omisore made by his former boss, Bisi Akande in his book titled ‘My Participations’ to new discussions about the assasination of former secretary to government of federation, Bola Ige in which a prominent son was alleged to the dumping of his Imperial Majesty, Oba Ogunwusi by his wife, Queen Silekunola Naomi, it has truly been a long tale of ‘controversy and ridicule’.

May God heal the land!

High blood pressure: Three herbs to 'reduce and prevent' it – 'antioxidant' properties

Often described as a “silent killer” because it rarely causes symptoms. As many as five million adults in the UK have undiagnosed high blood pressure, so will not know that they are at risk, according to the British Heart Foundation. Moreover, the UK government says that it is projected to affect more than 1.5 billion people around the world by 2025. Fortunately, there are often effective steps that people can take to lower high blood pressure.

The prevalence of high blood pressure for adults in England in 2015 was 31 percent among men and 26 percent among women, with little change over the last few years, according to Public Health England (PHE).

This is considered to place a considerable strain on the NHS, and can cause several negative complications.

Fortunately, there are several ways to keep a healthy level, including adopting certain diets.

Kai Ali, pharmaceutical scientist and head of formulation at Super Botanic, says that incorporating herbs into diet can help reduce and prevent high blood pressure.

Kai says that curcumin has anti-inflammatory effects and “is an extraordinarily strong antioxidant”.

“There have been many meta studies to show how curcumin can help reduce high blood pressure, by reducing inflammation of blood vessels, hinder clotting of the blood, and lowering cholesterol levels,” the pharmacist adds.

Indeed, a systematic review published in Pub.Med.gov looks at a total of 11 studies comprising 734 participants.

It says results of the meta-analysis suggest that consuming curcumin may improve blood pressure when administered in long durations. However, more studies are needed to confirm these results.

Kai Ali adds that moringa, “often known as “The Miracle Tree” or the “The Tree of Life” as it is one of the most nutrient dense plants on the planet” is a great natural source of potassium.

“Potassium helps lower sodium levels which is an indicator of high blood pressure. Potassium and sodium work together to control your blood pressure,” Kai states.

Lastly, the pharmacist says that saffron “has antioxidant properties which helps maintain healthy arteries and blood vessels”.

The NHS says that you should also cut your salt intake to less than 6g a day, eat a low-fat, balanced diet and maintain a healthy weight.

Some people with high blood pressure may also need to take one or more medicines to stop their blood pressure getting too high.

High blood pressure, or hypertension increases your risk of serious problems such as heart attacks and strokes, if left untreated.

The only way to find out if your blood pressure is high is to have your blood pressure checked.

If you are overweight, a smoker, or have a family history of heart disease, you are considered “at risk” for high blood pressure and should have it checked once a year.

Blood pressure is recorded with two numbers. The systolic pressure, higher number, is the force at which your heart pumps blood around your body. The diastolic pressure, lower number, is the resistance to the blood flow in the blood vessels.

The NHS says: “The target blood pressure reading for the over-80s is below 150/90 mmHg when it’s measured in the clinic or surgery, and below 145/85 mmHg for home readings.

“While there are definite benefits from taking medicines to reduce blood pressure if you’re under the age of 80, it’s less clear if it’s useful if you’re over 80.

“It’s now thought that if you reach 80 while you’re taking medicine for high blood pressure, it’s fine to continue treatment provided it’s still helping you and is not causing side effects.”

Best Foods to Eat at Night to Promote Better Sleep

The type of food you eat and the time you eat the food plays an important role in your health. This is why we need to be very mindful of the types of foods we eat and the time we eat the food.

Studies have found that there are foods that are best to be eaten at night, there are also some which are best to be eaten in the morning.

In this article, I am going to be talking about best foods to eat at night to promote better sleep at night.

1. White Rice

White rice is one of the best types of food to eat at night. This is because it is relatively high in calories and are recommended by experts as one of the best types of foods to eat at night.

The high level of calories which can be found in white rice plays an important role in promoting better health at old age because it causes a spike in our blood sugar which promotes better sleep at night.

2. Boiled Potatoes

Boiled potatoes are also one of the most important types of foods at night. This is because it contains B6 which boosts mood and melatonin which promotes better sleep at night. Studies suggest that people eat only boiled foods at night and avoid intake of fried foods.

3. Fatty fishes

Fatty fishes are one of the most important types of foods to eat at night. This is because they contain vitamins D and Omega-3 fatty acids which is important for the regulation of serotonin in the body. They are also rich in other important nutrients which plays an important role in promoting better health of the body.

4. Bananas

Bananas are very important types of foods you should eat at night. This is because it is rich in potassium and magnesium which helps in relaxing the muscles and had a positive effect on the quality of sleep in older adults with insomnia.

5. Almonds

Almonds can be easily gotten in the fruit market and one of the best foods for night. It helps in the relaxation of the nerves as well as claiming the body and relaxing the muscles.

Buhari gets 14-day ultimatum to sack Army Chief, NYSC Boss

A group known as Concerned Nigerian Women (CNW) has given President Muhammadu Buhari a 14-day ultimatum to sack the Chief of Army Staff, Lt Gen. Farouk Yahaya and the NYSC Director General, Brigadier Gen. Shuaibu Ibrahim over what it called the recent harassment of a female soldier who accepted a proposal from a male NYSC member.

The women rights group led by Bimbola Olatenwaju, berated the NYSC DG for what it termed “an apparent show of disdain for women” which the group said, led to the irrational manner with which the DG of NYSC talked down on women in the press conference he addressed regarding the issue.

The group further called the attention of Nigerians to the fact that the provision that said a female soldier must serve for three years before marriage, the basis upon which the female soldier is being detained, has not been breached as the soldier merely accepted a proposal for marriage which can take even up to ten years before being formally contracted.

The group also wondered if the same provision applied to male officers, asserting that the group will go to any length to ensure that the female soldier is not being harassed and discriminated against because of her gender as such will be a glaring violation of her rights guaranteed in Section 42 of the 1999 Constitution of Nigeria as amended, which frowns at the discrimination of any Nigerian on the grounds of gender.

Following the apparent breaches of the female officer’s fundamental rights, the group threatened to lead a powerful protest to the Presidential Villa, United States Embassy, British High Commission, Ministry of Women Affairs, Human Right Commission office and other key institutions if the duo is not removed for their hatred towards women within the next seven days.

Garba Shehu tests positive for COVID-19, Lai Mohammed denies contracting virus

Lai Mohammed

The Minister of Information and Culture, Alhaji Lai Mohammed, has denied being infected with COVID-19.

Mohammed, who is a also member of the Presidential Steering Committee on COVID-19, said he attended the Federal Executive Council meeting on Wednesday, the extraordinary meeting of FEC on Thursday and the inauguration of the new Minister of State for Works and Housing, Muazu Sambo, on Friday which was covered by the media.

He, therefore, wondered how he could be said to be in isolation and still be allowed to attend such important events at the Presidential Villa.

Online medium, Premium Times, had reported that COVID-19 was ravaging the Presidential Villa. The newspaper said Mohammed as well as several other Villa officials including the Permanent Secretary, State House, Tijani Umar; the President’s Aide-de-camp, Yusuf Dodo; his chief security officer, Aliyu Musa, and his Senior Special Assistant on Media and Publicity, Garba Shehu, had contracted the virus.

Responding, however, Mohammed said, “I read the story and we still have a great battle on our hands on fake news and mischievous reporting. I was in the public view on Wednesday, Thursday and Friday. I was at FEC on Wednesday. I coordinated press briefing on Thursday for the extraordinary EFC meeting. And the minister of power and I addressed media.

“On Friday, I witnessed the swearing-in for minister of state for power after which we had a security meeting. How can someone who has had such high level engagements for three days consecutively be ill?

“It is nothing but fake news. I am hale and hearty. Not only that, I have taken the two doses of the vaccine. I have also taken the Pfizer booster. I am a member of PSC and I am hale and hearty and I am performing at optimum level.”

However, Buhari’s media aide, Shehu, confirmed that indeed he had tested positive for COVID-19 and he was in self-isolation.

Shehu said he could not confirm if other Presidency officials had tested positive for the virus or not.

When contacted by our correspondent, he said, “What is true is that I know that I’m self-isolating and taking my medication, but I know of no other case.”

Buhari: We’ll Transfer Power To Winners Of 2023 Elections

President Muhammadu Buhari has assured Nigerians and the international community of free and fair elections and peaceful transfer of power in 2023....

President Muhammadu Buhari has assured Nigerians and the international community of free and fair elections and peaceful transfer of power in 2023.

The president gave the assurance in his remark at a Virtual Summit for Democracy organised by President Joe Biden of the United States.

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Buhari said necessary mechanisms would be strengthened to ensure that Nigeria witness another peaceful transfer of power.

“As we countdown to our next general elections in 2023, we remain committed to putting in place and strengthening all necessary mechanisms to ensure that Nigeria will not only record another peaceful transfer of power to an elected democratic government, but will also ensure that the elections are conducted in a free, fair and transparent manner.”

“Your Excellencies, Nigeria will continue to actively support the democratization processes in our region West Africa and the African continent at large. But regrettably, our democratic gains of the past decades are under threats of unconstitutional takeover of power.

“This unwholesome trend, sometimes in reaction to unilateral amendments of constitutions by some leaders, must not be tolerated by the international community. Nigeria fully supports the efforts by ECOWAS to address this growing challenge and appreciates the support of both the African Union and the United Nations,” he added.

The President, who said Nigeria had continued to face security challenges which posed a threat to democracy, called “on global partners to support our efforts in tackling insurgency and terrorism.”

“I am proud to state that Nigeria has had over two decades of uninterrupted democratic governance and has unequivocally  remained committed to upholding the core values and principles of democracy.

“Since assuming office in 2015, we have been able to introduce mechanisms to ensure free, fair and credible elections. We have strengthened our key anti-corruption agencies in collaboration with international partners and have undertaken several anti-corruption measures and initiatives.”

In a statement issued Friday by his spokesman, Femi Adesina, Buhari thanked Biden, government and people of the United States for hosting the Summit.

He said the summit was taking place at a time when democratic institutions around the world were facing several challenges.

“This event will help promote a positive agenda for democratic renewal by focusing on some of the major challenges faced by democracies today. It is hoped that through our collective action, we can safeguard democratic values and principles,” he said.

The President said the devastating impact of the COVID-19 pandemic, which had made it impossible to convene the meeting face to face, had taken a heavy toll on economies, health and democratic processes around the world.

Nigerians to pay 7.5% VAT on Facebook ads from January 1

Social media giant, Facebook has announced that Nigerians will pay 7.5 percent value-added tax (VAT) on all ad placements from January 1, 2022.

 

The charge will also apply to those buying ads for businesses or personal purposes. Those exempted from VAT would be able to recover the fund if they provided their tax ID.

 

The new 7.5 percent VAT charge will also apply to Instagram ads. The statement read; 

 

“Due to implementation of a value-added tax (VAT) in Nigeria, Facebook is required to charge VAT on the sale of ads to advertisers, regardless of whether you’re buying ads for business or personal purposes.

“All advertisers with a business country of Nigeria will be charged an additional 7.5% VAT on advertising services purchased beginning 1 January 2022.

“If you’re registered for VAT and provide your VAT ID, your VAT ID will show up on your ads receipts.

“In the event that you’re entitled to recover the VAT, this may help you recover any VAT you paid to the Nigerian tax authorities if you are a VAT registered business in Nigeria.”

Who owns Dowen college: This is all you need to know about the owner of Dowen College

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Home»Questions & Answers»Who owns Dowen college: This is all you need to know about the owner of Dowen College

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Who owns Dowen college: This is all you need to know about the owner of Dowen College

BY PAPAGA BLESSDECEMBER 5, 2021UPDATED:DECEMBER 5, 20217 COMMENTS4 MINS READ

The search for who owns Dowen College has skyrocketed ever since news of Sylvester Omoroni’s death went viral.

People want to know the one behind the Dowen College.

Well, the father of Sylvester Omoroni has praised the school saying they are good in academic perfomance. He said in an interview with BBC Pidgin, that all his elderly children went to this school and they passed out excellently. That is the reason why he keeps sending his wards there.

He, however, said that he’s disappointed with the fact that the Dewon College’s security is poor upon all the fees that they pay in millions of Naira.

In this article, we shall look at details of Dewon College, their contact details, address, name owner and many more.

Dewon College is a co-educational day and boarding secondary school with over 20 years record of excellence. The school was established in 1997.

Dewon College Owners and Leaders

Findings have now revealed that a Chief Olumide Phillips, a member of the Cathedral Church of Christ, Marina, is the owner of Dewon College school.

Below is a photo of the owner of Dewon and his daughter:

It is alleged that the owner of Dewon College is the father of Nigerian Singer and actress Lami Philips Gbadamosi. Lami Philips after this discovery has since deleted her Instagram handle.

According to the Dewon College official website, Mrs A. Layiwola is the Principle and Head of School of the Dewon College. She holds B. Sc. (Ed) Bio. M. Ed.(Educ. Admin.).

Mr. M.A. Oluseisi is the Vice Principal — Deputy Head of School (Academic). He holds M.Ed Mathematics.

Mrs. O.K Borisade is the Director of Finace and Admin/Deputy Head of School.

Please take a look at the full team below:

Dewon College Address

Address:

No. 18 Adebayo Doherty Road,

Lekki Phase 1,

Lagos – Nigeria

Contact numbers

+234 906 000 1032

+234 803 343 4087

01-270 6010

01-270 6012

Mail

dowencollegelagos1997@gmail.com

dowencollegelagos1997@yahoo.com

info@dowencollege.org.ng

Dewon College Boarding House

An excellent state-of-the-art boarding facility ensures that our students reside in a home away from home. All necessary facilities are provided including a good security network and the presence of capable Hostel Parents to take care of the students.

Games and sporting facilities are available for the boarding students. The swimming pool is well- maintained. Ball games like basketball, lawn-tennis, table-tennis and badminton are also available. Indoor games like chess, scrabble and ludo are played in a fully air-conditioned common-room (please note, boys and girls have separate common rooms with equal facilities).

The common rooms are equipped with TV sets, DVD/Video players and computers for academic and recreational activities. A capable maintenance team is also available to ensure the smooth running Of the hostel facilities. A well-equipped gymnasium is available as part of our body building and wellness programme.

The hostel rooms are fully air-conditioned and tutorial lessons are organized in the evenings (Monday to Friday) while preparatory classes take place at nights and weekends under the supervision of house parents.

A resident nurse is also available to take care of health issues.

There is regular church attendance (Catholic and Anglican) on Sundays and a visit to the Mosque by Muslims on Fridays

BOARDING HOUSE REQUIREMENTS

LIST OF ITEMS EXPECTED FROM BOARDING STUDENTS WHEN RETURNING TO THE HOSTEL

Complete set of uniforms (3 trousers, 5 white shirts, 1 blue shirt, 1 blazer, 2 ties)

Complete Sportswear (2 pairs of shorts, 2 white po 10 T-shirts)

5 boarders T-shirt

5 pairs of Jeans/skirts

1 pair of sneakers or casual shoes

2 pairs of Black sandals.

2 bathroom/rubber slippers

12 rolls of tissue

Drinking cups and cutleries

1 bucket for bathing/ persona I laundry

Hair clipper (For boys)

5 padlocks (small size)

Nail cutter

Macintosh and two personal bed sheets and pillow cases (for bed wetters)

Twenty thousand naira only (N20, 000), pocket money per term and additional Ten thousand naira only  (N 10, 000) for grooming (hair plaiting and hair cut).

Deodorant

Torch light

Milk

Cereal

Please acquaint yourselves with information in the College prospectus with particular reference to DCL

Command ments and our Code of Conduct.

For further enquiries please contact the under listed: school line 01-2706012

Jerry 08033434087 ,

Ayomide 08055518825 ,

Linda 08035038697 or

Madu 08033077213

How IPOB’s ESN Murdered, Beheaded Two Policemen In S/East – FG

The proscribed Indigenous People of Biafra’s Eastern Security Network (IPOB’s ESN) has been accused of abducting and murdering two policemen in South Eastern State.

The Federal Government through the Minister of Information and Culture, Alhaji Lai Mohammed disclosed this in a statement issued on Monday, November 29.

According to the Minister, the IPOB militant wing, ESN carried out the murder, adding that the culprits behind the “killings, who videotaped their heinous act and circulated such will be apprehended and brought to justice.”

Daily Independent reports that a video circulating on social media shows a number of young men, communicating in the Igbo language, surrounded two decapitated heads and mocked the deceased while repeatedly mentioning that one looked like “Fulani” from the look of his nose.

Reacting to the viral video, Alhaji Mohammed described the abduction of three policemen and the killing of two of them, “in the most horrific, barbaric and cannibalistic manner, as an unacceptable attack against the state.”

The minister listed the victims as ASP Francis Idoko (AP No. 154945); Inspector Emmanuel Akubo (AP No. 222336) and Inspector Rufai Adamu (AP. No. 285009).

“They were abducted by members of the Eastern Security Network (ESN), acting on the instructions of their leader, Chinonso Okafor, aka TEMPLE, on 27 November 2021.

”Inspectors Akubo and Adamu were killed, their decapitated bodies videotaped and circulated widely. The leader of the ESN team that killed the two officers is one ‘GENTLE’.

“Okafor, the most influential commander of ESN in charge of Imo and the Anambra States, as well as ‘Gentle’ and all those who perpetrated the abhorrent act, will be made to face swift and sure justice,” he said.

Mohammed stressed that the targeting and killing of security agents, under any guise, is a direct attack on Nigeria and will not be accepted.

BREAKING!!! Buhari Is Dead

Popular Industrialist and businessman, Alhaji Sani Buhari Daura is dead, Igbere TV has learnt.

According to report, the influential businessman died in Dubai in the early hours of Sunday.

He was aged 89.

The renowned businessman was born in Daura, Katsina State, in January 1932.

Until his death, he was the owner of Standard Construction Company Limited and Chairman Bayajida Group.

He had his Islamic training under his father, who was the Kbadi of Daura and laterwentto Daura Elementary School in 1938.

He opened Bayajida Amenity Trading Company, his first firm in Kano in 1962.

Eight years later, the company changed to Bayajida Nigeria Limited.

He was honoured with the Officer of the Order of the Niger in 2003.

He hailed from President Muhammadu Buhari’s hometown.

Dozens of terrorists killed as military fighter jets raid Turji, Buzu’s camps in Sokoto

Airstrikes conducted on Saturday by aircraft of the Operation Hadarin Daji Air Component have led to the deaths of an undisclosed number of terrorists, popularly known as terror bandits.

According to PRNigeria, the precision airstrikes, which were executed at Dangwandi and Tsakai areas of Isa Local Government Area of Sokoto State, resulted in the elimination of some terrorist leaders, and their foot soldiers.

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Dozens of terrorists killed as military fighter jets raid Turji, Buzu’s camps in Sokoto

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Airstrikes conducted on Saturday by aircraft of the Operation Hadarin Daji Air Component have led to the deaths of an undisclosed number of terrorists, popularly known as terror bandits.

According to PRNigeria, the precision airstrikes, which were executed at Dangwandi and Tsakai areas of Isa Local Government Area of Sokoto State, resulted in the elimination of some terrorist leaders, and their foot soldiers.

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The sustained aerial bombardments in parts of Zamfara State destroyed the logistics facilities and property of the terrorists.

Local sources confirmed to PRNigeria that bodies of neutralized bandits were seen all over the camps, just as the bandits’ means of economic sustenance were destroyed.

PRNigeria quoting sources said that the fleeing bandits were also trailed and neutralized by ground troops.

“Specifically, the locations of bandit kingpins, Bello Guda Turji, and his subordinate commander, Bello Buzu, along with their cohorts operating within Sokoto and some parts of Zamfara State have been struck by the military aircraft,” a military intelligence officer told PRNigeria.

“The successes being recorded especially through air strikes by NAF aircraft in the Northwest as well as in the North East Theatres of Operation is indicative that new strategies adopted by the Armed Forces of Nigeria are beginning to yield requisite results.

ALERT: Petrol May Rise To N340 Per Litre In 2022 – NNPC

Malam Mele Kyari, Group Managing Director of the Nigerian National Petroleum Company (NNPC), has hinted that a litre of fuel may sell between N320...

Malam Mele Kyari, Group Managing Director of the Nigerian National Petroleum Company (NNPC), has hinted that a litre of fuel may sell between N320 and N340 in 2022.

He said this during the presentation of the World Bank Nigeria Development Update, November 2021 edition titled “Time for Business Unusual” in Abuja on Tuesday.

Kyari said fuel subsidy removal would definitely be achieved in 2022.

He said that the law provides that by the end of February 2022, the nation should be out of the subsidy regime.

“There will be no provision for it legally in our system, but I am also sure you will appreciate that government has a bigger social responsibility to cater for the ordinary and therefore engage in a process that will ensure that we exit in the most subtle and easy manner,” he said.

He said this during the presentation of the World Bank Nigeria Development Update, November 2021 edition titled “Time for Business Unusual” in Abuja on Tuesday.

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He said that the law provides that by the end of February 2022, the nation should be out of the subsidy regime.

“There will be no provision for it legally in our system, but I am also sure you will appreciate that government has a bigger social responsibility to cater for the ordinary and therefore engage in a process that will ensure that we exit in the most subtle and easy manner,” he said.

On the hike in prices of cooking gas, he said that it was a demand and supply issue as there was a global crunch on supply of gas and many countries were now threatened by lack of supply in December.

He added that the product was not under any subsidy regime and therefore irrespective of where it was produced, would follow the global trend.

Kyari, however, assured that the company was working on increasing local production to meet the needs of consumers.

Minister of Finance, Budget and National Planning, Zainab Ahmed, had at the event said Nigeria will remove fuel subsidy by 2022 and substitute the subsidy with N5000-a-month transportation grant to the poorest Nigerians.

The minister said the grant will be distributed to about 30 to 40 million Nigerians who make up the poorest population of the country.

She said: “The subsidies regime in the oil sector remains unsustainable and economically disingenuous.

“Ahead of the target date of mid-2022 for the complete elimination of fuel subsidies, we are working with our partners on measures to cushion potential negative impact of the removal of the subsidies on the most vulnerable at the bottom 40% of the population.

“One of such measures would be to institute a monthly transport subsidy in the form of cash transfer of N5,000 to between 30 – 40 million deserving Nigerians.”

Victims abandon their vehicles after they were allegedly attacked by suspected kidnappers along Kaduna-Abuja expressway

A video showing the abandoned cars of some travellers who were allegedly attacked by suspected kidnappers along the Abuja-Kaduna road on Sunday, November 21, has been shared online.

PR Nigeria had earlier reported that armed bandits blocked the Abuja-Kaduna Road on Sunday, November 21 and kidnapped travellers. According to one of the travellers who escaped the abduction, he said the armed bandits blocked the road at Katari village at about 2 pm and operated for more than an hour.

Another traveller who confirmed the incident, said “We had to turn back when we heard the shooting of guns and parked some kilometres away from the scene. After two hours when we saw other vehicles coming from the other side, we continued our journey. Many travellers must have been kidnapped or escaped into the bush as we saw at least fifteen cars parked and empty when we passed the scene of the attack.”

The state police command is yet to comment on this development.

Government Loyalists Machete #EndSARS Witness Who Testified Against Nigerian Army At Lagos Judicial Panel

It was gathered thatthe hoodlums, numbering three descended on Kamsi on Sunday at Crown Estate bus stop, Sangotedo, near Shoprite, Lekki

A witness of the #EndSARS protest, Kamsi Ochuko has been attacked by hoodlums suspected to be sponsored by the government for testifying against the Nigerian Army at the Lagos State Judicial Panel of Inquiry on Restitution for Victims of SARS Related Abuses and other matters.

“I was attacked by 3 men, who first pointed a torchlight at my face, before pouncing on me with dangerous object; they said my crime was because of my testification at the panel,” she said.

Kamsi was one of the EndSARS witnesses that reacted to the interrogation of the military witness, Major Gen. Ahmed Taiwo, Commander of the 81 Division, Military Intelligence Brigade, Victoria Island.

Despite video evidence that so many protesters were killed at the Lekki tollgate on October 20, 2020, Taiwo, then a Brigadier-General told the panel no one was killed.

He also gave at least seven inconsistent accounts of what truly transpired at the Lekki tollgate that fateful night.

One of his narratives was that soldiers deployed to the scene led by Col. S.O. Bello, Commanding Officer of 65 Battalion, and Brig.-Gen. F.O. Omata actually went there with live ammunition – a claim totally in contrast with his earlier position on the issue. 

He, however, said the live ammunition was for backup purposes and not used by soldiers deployed to the scene.

Before then, the Nigerian Army headquarters had lied on the day of the incident that soldiers were never at Lekki toll gate to attack protesters as claimed in the media, branding the story as fake news – a position they had since backtracked from.

Taiwo is a son of a former military governor of Kwara State, Colonel Ibrahim Taiwo, infamous for his alleged involvement in the massacre of over 700 persons in Asaba, Delta State, during the Civil War.

The attack is coming a few days after the Justice Doris Okuwobi-led panel submitted its report to the Lagos State Government.

Titled, ‘Report of Lekki Incident Investigation Of 20th October 2020’, the panel said at least 48 protesters were either shot dead, injured with bullet wounds or assaulted by soldiers.

According to the report, nine protesters were confirmed dead, while four were presumed dead.

The panel listed 48 names as casualties of the incident.

MULTIPLE CASUALTIES RECORDED AS SOLDIERS REPEL ISWAP TERRORIST ATTACKS ON TROOPS AT MARTE

Troops of the Nigerian Armed Forced have repelled multiple attacks on Marte Community in Bornu State, by the Islamic State of West Africa (ISWAP) terrorists. 

The terrorist attacks on ground troops was reportedly repelled by Nigerian Soldiers in conjunction with the Air Compinent of Operation Hadin Kai (OPHK). The attacks were carried out in two phases, between 8 and 9pm on Sunday. 

Four Soldiers and one Civilian Joint Task Force(CJTF) Operative were wounded in the attacks. They were subsequently airlifted to Maiduguri by the Air Component of OPHK for medical attention.There were also an unspecified number of casualties on the side of the terrorists.

Vehicles belonging to the terrorists were destroyed by AirTroops, especially in the first confrontation. 

In a separate but related development, ISWAP terrorists have released a video showing four hostages allegedly held in their den since October. The hostages spoke in the clip, identifying themselves. 

They include a staff of the Federal Road Safety Commission, one UNICEF staff, one staff of the Nigeria Defence Academy and a retired banker.

The hostages were allegedly captured between Wajiroko and Damboa, Buratai and Buni Yadi as well as Maiduguri/Damaturu highways.

Government Forces say the attacks on troops location in Marte does not come as a suprise as the terrorists have vowed to attack the location and other adjoining Military locations during their last meeting in Sabon Toumbun/Koloram on the 16th of Novenner, 2021. 

Government Forces say they expect a reprisal attack in a couple of days, judging by the terrorists mode of operation. Government Forces commended the foresight and gallantry of its Soldiers, while promising to double efforts to rid the terrorists off the territory in due time.

BREAKING: Osinbajo opens campaign office in Abuja ahead 2023 election

Vice President Yemi Osinbajo has opened a campaign office in the Federal Capital Territory (FCT) Abuja, as part of preparations to contest the presidential ticket of the All Progressives Congress (APC) ahead of the 2023 general elections.Blueprint gathered exclusively that the campaign team under the aiges of Progressives Consolidated Group (PCG) has also been inaugurated on Saturday.

The said campaign office is located at No. 15b, Buchanan Crescent, off Aminu Kano, by Emab plaza Wuse 11, Abuja.

Blueprint learnt reliably that the campaign office is already decorated with the Vice President’s banner with inscription “Face of Hope.”

Sources at the campaign team told our correspondent that the Chairman of the PCG is President Muhammadu Buhari’s kinsman from Kastina state known as Dr. Aliyu Kurfi.

Other members of the team include; Musa Liman as deputy chairman North, Dr Ebenezer Faji as deputy chairman South, Dr. Eli Eberechukwu Dibia as Vice Chairman, Dr. Ahmed Muhammed as the National Coordinator, Dr. Usman Ibrahim as Organising Secretary and Barrister Emmanuel Pippa as the Publicity Secretary, among other positions.

(Blueprint Newspaper)

Hilton Hotel: What Oduduwa Varsity alumni say about owner Adedoyin, ritual killing

As Ramon Adedoyin, the owner of the Oduduwa University Ipetu Modu, waddles in the allegation of ritual murder of a postgraduate student of the OAU who lodged in Hilton Hotel, one of Adedoyin’s conglomerate, on Nov.5 former students of the school have spoken out.

In a statement by its President, Quadri Olatunji, the former students described as “unethical, distasteful, unreasonable, illogical and selfish”, the manner in which “some prominent news media” cast the story.

“Our higher citadel of learning which has produced highly placed youths in the society in just 12 years of her existence has no affiliation whatsoever in the unfolding story and as such it became a surprise as to why peddlers of substandard news would drag the name of the university into the mix,” he said.

Olatunji maintained that there is no justification for anybody to tarnish the image of Oduduwa University, even though Chief Ramon Adegoke Adedoyin is the owner of both the school and the hotel.

“There is no justification in the actions of those who normally should know the intended and unintended consequences such mudslinging act would have on old, current and new students of OUI, yet attempted tarnishing the image of the school for monetary gains. This act should stop at this stage. Hilton hotels is not Oduduwa University!” he stressed.

While commiserating with the family of the deceased, Olatunji urged the police to be thorough getting to the root of the death of the OAU post graduate student.

The National Daily reported the master’s degree student, Timothy Adegoke, lodged in the hotel on the said day, and his body was later exhumed from the hotel premises after investigations nailed the reception first.

Rahmon Adedoyin ‘Enjoys VIP Treatment In Detention, Sleeps In Special Quarters’

Rahmon Adedoyin, the ‘educationist’ and business mogul who was arrested over the strange death of Timothy Adegoke in his hotel, may be enjoying VIP privileges at the headquarters of the Osun State Police Command.

A source close to the deceased’s family told FIJ that Adedoyin does not spend his night in a cell as the police made the public believe.

“We have it on good authority that Rahmon Adedoyin does not spend the night in police detention where he is supposed to be till the police conclude their investigation,” the source said.

“He does not sleep in the cell. He spends the night at a special quarters inside the command and then returns to detention in the morning.”

FIJ placed several calls to Yemisi Opalola, the spokesperson of Osun police, but they were not answered. A text message sent to her was also not responded to.

On Wednesday, FIJ reported that Adedoyin was arrested and detained by men of the Osun State Police Command in connection with Timothy’s death.

Subsequently, relatives of the deceased accused Adedoyin of sending one of his lawyers to them for peaceful resolution of the case.

BREAKING: Yoruba actor Baba Suwe dies

                        Late Baba Suwe

Veteran Yoruba actor Babatunde Omidina aka Baba Suwe is dead.

The actor died on Monday at 67.

Baba Suwe’s death was announced by one of his daughters, Adesola Omidinay

She said: “This is to announce the sudden death of my father, Babatunde Omidina, the legend and rare gem, Baba Suwe on November 22, 2021. Details and other arrangements will be announced shortly.”

Baba Suwe became popular for his comical roles in Nollywood films with Yoruba language.

He suffered poor health in 2018, making several Nigerians including Vice President Yemi Osinbajo to donate funds for his medical treatment abroad

Ole Gunnar Solskjaer sacked by Manchester United after Watford defeat

Ole Gunnar Solskjaer leaves Manchester United after nearly three years as manager; the Norwegian led United to third and second-place finishes in the Premier League during his two full seasons in charge but failed to win a trophy

Ole Gunnar Solskjaer has been sacked as Manchester United manager after an "embarrassing" 4-1 defeat at Watford.

Solskjaer signed a new three-year deal in July but leaves after overseeing five defeats in their last seven Premier League matches - a run which sees them 12 points behind leaders Chelsea.

The Old Trafford hierarchy had ignored increasingly vociferous calls to relieve Solskjaer of his duties in the wake of a humiliating 5-0 loss to rivals Liverpool and a 2-0 derby defeat to Manchester City in early November.

But his position was discussed by United officials on Saturday evening following the crushing defeat at Vicarage Road, before the announcement of his dismissal followed on Sunday morning.

Solskjaer was booed by a number of the United fans in the away end at full time, although midfielder Bruno Fernandes appeared to try to redirect their frustration towards the players.

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FREE TO WATCH: Highlights from Watford's win over Manchester United in the Premier League

Goalkeeper David de Gea labelled the defeat "embarrassing" but added: "It's easy to blame the manager or the staff but sometimes it's the players."

Asked what this result meant for his future, Solskjaer toldSky Sports: "I am working for and with the club. Of course we have good communication and if the club are thinking of doing something that is a conversation between us."

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Solskjaer revealed he was 'very low' after the defeat to Watford

Ole's journey 'at the wheel' ends without a trophy

Former United striker Solskjaer returned to the club initially as caretaker manager after the dismissal of Jose Mourinho in December 2018 and immediately produced an upturn in United's form - including the 3-1 win at Paris Saint-Germain in the Champions League.

'Ole's at the wheel' became a trending topic as Solskjaer was appointed on a permanent basis in March 2019.

He was unable to lead United into the top four of the Premier League that season but did achieve third and second-place finishes in his two full seasons in charge.

However, Solskjaer failed to deliver silverware during his tenure, with the defeat on penalties to Villarreal in last season's Europa League final being their best effort.

How did Solskjaer compare?

Saturday's defeat to Watford was Solskjaer's 168th game in charge of the club. In total, he won 91 of them, drawing 37 and losing 40.

Of Manchester United's four permanent managers since Sir Alex Ferguson's departure from the club, including David Moyes, Louis van Gaal and Jose Mourinho as well as Solskjaer, the Norwegian's overall win rate of 54 per cent puts him second.

Mourinho's win rate is the highest of the four at 58 per cent, while Moyes and Van Gaal trail on 53 per cent and 52 per cent respectively.

Manchester United's recent derby defeat to City, when they were comprehensively outplayed by Pep Guardiola's side only a couple of weeks after a 5-0 humbling by Liverpool, underlined the gulf between Solskjaer's side and the teams competing for the title.

Overall, Solskjaer's record against the traditional big-six - Manchester City, Liverpool, Chelsea, Arsenal and Tottenham - is mixed, with 14 wins, 10 draws and 12 losses.

His win rate of 39 per cent in those games is higher than Mourinho's and considerably higher than Moyes' but it is lower than Van Gaal's. The Dutchman won 10 of his 23 meetings against the big-six - giving him a success rate of 43 per cent.

Solskjaer's win percentages put him on a similar level to his predecessors but therein lay the problem for him.

He was originally appointed on an interim basis in order to provide short-term improvement, which he did in the second half of the 2018/19 campaign, but the remit changed when he took the job permanently.

From there, the challenge was to turn Manchester United back into Premier League title challengers but the defeats to Manchester City and Liverpool showed they remain a long way off their rivals.

Indeed, a big-six mini-league of head-to-head meetings since Solskjaer's appointment puts Manchester United 18 points behind City and 23 behind Liverpool.

That, of course, is despite heavy investment in the squad. This summer, Manchester United brought in Cristiano Ronaldo, Jadon Sancho and Raphael Varane at considerable expense.

The idea was to turn the side into title challengers but instead they find themselves 12 points off the summit. Performances have largely been even worse than their standing suggests.

Their latest round of spending pushed their net spend under Solskjaer to £312m - £33m more than any other Premier League side and £196m more than City and Liverpool'scombined.

Manchester United have long been lavish spenders in the transfer market but they have now invested more under Solskjaer (£441m) than they did under Mourinho (£430.8m) or Van Gaal (£309.2m).

Expectations have risen accordingly and Solskjaer was unable to meet them. He kept the side at roughly the same level of his predecessors but more was required. Manchester United will now pin their hopes on a new manager to restore their former glories.

November 23: Villarreal (a) - Champions League, kick-off 5.45pm

November 28: Chelsea (a) - Premier League, kick-off 4.30pm, live onSky Sports

December 2: Arsenal (h) - Premier League, kick-off 8.15pm

December 5: Crystal Palace (h) - Premier League, kick-off 2pm

December 8: Young Boys (h) - Champions League, kick-off 8pm

God Punish Poverty, No wonder he sent alarm to Davido instead of N1M’ Reactions As Femi Otedola Flies Alone In Massive Private Jet – Check out the interior of the private jet (video)

Nigerian billionaire businessman and philanthropist, Femi Otedola has stirred reactions after he showed off the interiors of a jet that flew him to Nigeria recently.

Femi Otedola

The father of three flew solo in the massive private jet to Nigeria, and one must admit that the view from the jet is breathtaking.

The interiors from the jet which oozed luxury, had a bedroom, a dining area, a living room, and a business cabin for business passengers who might want to travel in the jet.

In the video serving rounds online the billionaire was seen relaxing in the tastefully furnished living room of the jet.

Watch video below,

See how netizens reacted;

mcigotuk wrote; I shall never be poor, I can never be poor, I will never be poor 🙏

itz._princeroy wrote; Some rich Nigerians show to the world that Nigeria is rich mean while majority of Nigerians are dieing in poverty.😢😢

iamfelixadeoye_ wrote; Whose your daddy!!!

zeezolamilekan wrote; God punish poverty

vjoofficial wrote; Omo this one no be vanity, no come tell me rubbish this morning 😂😂😂

ajulofoods wrote: I will invite all my generations sef😂😂😂😂 wait oo na only this man won dey inside this place😮😮 wow

teens9490 wrote; “I’ll be the first billionaire in my family”

You just said it so claim it📌❤️🙏🏻

uzoogah wrote; Maybe his family have done this with him loads of times but they don’t bother sharing on social media. Too rich to be bothered family goals . 🙌 ❤️

akatel2 wrote; Everyone needs that calmness once in a while

smallgrany wrote; There’s level to this private flying abeg 😍😂🙌🙌

Lekki tollgate: Over 76,400 sign petition to jail Buhari after Lagos EndSARS panel report

The President, Major General Muhammadu Buhari (retd.)

A petition by Reno Omokri, a former Special Assistant to President Goodluck Jonathan, on the change.org platform has received 76,420 signatures as of 12.39 pm on Friday.

The petition, which was filed on Wednesday, was directed at the International Criminal Court and comes after the Lagos #EndSARS panel indicted the Buhari administration in its report.

At over 75,471 signatures, the petition is the first of Nigerian origin to hit that number in two days.

The petition is titled, ‘A Petition to The International Criminal Court to Arraign Muhammadu Buhari for Crimes Against Humanity’.

The petition sought to have Buhari tried and imprisoned by the International Criminal Court for crimes against humanity believed to have happened at Lekki tollgate on October 20, 2020.

This is after the Lagos State Judicial Panel of Inquiry on Restitution for Victims of SARS Related Abuses and other matters says at least nine persons were confirmed dead at the Lekki toll plaza on the night soldiers stormed there to disperse #EndSARS protesters on October 20, 2020.

The Justice Doris Okuwobi-led panel made this known in its report submitted to the Lagos State Government on Monday.

In the report, titled, ‘Report Of Lekki Incident Investigation Of 20th October 2020’, a copy of which was sighted by our correspondent, the panel said atrocious killing of unarmed protesters at Lekki toll gate on the night of October 20, 2020, can be equated to a ‘massacre’ in context.

The panel also indicted the Lagos State Governor, Babajide Sanwo-Olu, Lekki Concession Company, the police, and the army.

The body of the petition read, “On October 20, 2020, the Buhari administration murdered multiple innocent, unarmed, peaceful #EndSARS protesters at the Lekki Toll Gate in a massacre that has since been dubbed #LekkiMassacre.

“These youths were protesting to put an end to the rampant police brutality that had become the hallmark of the Buhari regime, which treats so-called repentant Boko Haram almost like royalty, while coming hard on young Nigerians, sometimes for the flimsiest reason, such as wearing dreadlocks.

“Following the murders of these protesters, the Buhari administration denied that the incident ever occurred. They threatened those, like myself, who insisted, with proof, that this massacre happened. The government even threatened to jail people who called for those behind the murders to be brought to book.

“However, on Monday, November 15, 2021, the Lagos state Panel of Inquiry into EndSARS released its report to the state government in which it established judicially that not only did the massacre occur, but that the government of Muhammadu Buhari and its agents, re the Nigerian Army and Police, perpetuated the murders.

“This petition is therefore directed at the International Criminal Court to set machinery in motion for the trial of Muhammadu Buhari for crimes against humanity in the same way that former Liberian President, Charles Taylor, was tried and convicted.”

‘Why we signed the petition’

Some supporters have given reasons why they signed the petition.

One of them, Glory Uzoma, said, “I am signing because president Buhari committed a crime against humanity in respect of the Lekki tollgate massacre.”

Prof. Ifeanyi Ahuchogu: I’m signing because Buhari has no heart/conscience for the life and wellbeing of humanity that he ought to provide for. Let the take its course.

Promise Ogbonna: Justice must be enthroned!

Folashade Sulaimon: I’m signing because innocent lives were lost for fighting a good cause. Families of the deceased have been in agony. Justice must prevail.

MacAnthony Chike: Nigerians as a whole deserve a better government and a good leader and rights as a citizen…. enough is enough.

Cash Challenge: Davido releases list of donors - Oshoala, Ndidi, Onyekuru donate N1m each

Super Falcons captain Asisat Oshoala and two SuperEaglesplayers Wilfred Ndidi andHenryOnyekuru on Thursday joined ahostof celebrities who donated N1m each to Nigerian singer Davido, PUNCH reports.

Born David Adeleke, Davido took to his social media pages to call out fans, friendsandcolleaguesto send him money.

After sharing hisaccount detailson Twitter on Wednesday, the singer revealed that his aim was to get N200m from his fans and colleagues.

Davido, however, appreciated the trio by sharing the amount they sent on his Instagram story page.

“First lady (Oshoala) of the plug, well-received,” Davido wrote on his Instagram story page.

The Afrobeat Singer, had taken to his Instagram page calling out to his friends to support his 29th Birthday coming up on the 21st of November, 2021.

Davido had on Monday asked his friends to send him the sum of one million naira each for his birthday and to clear his Rolls Royce from the port. The singer further said he wanted to know who his true friends.

The Omo Baba Olowo reportedly Raised N151 in adayafter posting his bank account details on his Instagram page.

Below are the names posted by the singer:

Zlatan Ibile – 1,000,000

Ikorodu Bois – 5,000

Richie Richie – 1,000,000

Mr Eazi – 1,000,000

Papaya_Ex – Undisclosed

E Money – Undisclosed

Kolaqalagbo – 1,000,000

Aluya Richie – 1,000,000

Chike – 1,000,000

Nengi – 1,000,000

Money Maker – 1,000,000

Sir Banko – 1,000,000

Adekunle Gold – 1,000,000

Evih – 1,000,000

Peruzzi – 1,000,000

Mr Peak – 1,000,000

Teni – 1,000,000

Akin Alabi – Undisclosed

Baba Ali – 1,500,000

Charles of Play – 1,000,000

CubanaChief Priest – 1,000,000

Naira Marley – 1,000,000

Patoranking – Undisclosed

Obi Cubana – Undisclosed

Femi Otedola – Undisclosed

Nasboi – 1,000,000

M.I. Abaga – 1,000,000

Eniola Badmus – 1,000,000

Remove fuel, electricity subsidies early 2022, IMF tells FG

(FILES) In this file photo taken on October 15, 2019, International Monetary Funds (IMF) Managing Director Kristalina Georgieva pauses while speaking about gender equality during the IMF and World Bank Fall Meetings in Washington, DC. - Photo: AFP

The International Monetary Fund said on Friday that the Nigerian government should remove fuel and electricity subsidies completely early next year and implement revenue-based fiscal consolidation.

The IMF, in a statement at the end of its 2021 Article IV Mission, said with the emergence of fuel subsidies and slow progress on revenue mobilisation, the country’s “fiscal outlook faces significant risks”.

It said the continued reliance on administrative measures to address persistent foreign exchange shortages was negatively impacting confidence.

According to the Washington-based fund, without urgent fiscal and exchange rate reforms, the medium-term outlook faces sub-par growth.

It highlighted the need for major reforms in fiscal, exchange rate, trade and governance to alter what it described as “the long-running lackluster growth path”.

It said, “On the immediate front, fiscal and external imbalances require removal of regressive fuel and electricity subsidies, tax administration reforms and installing a fully unified market-clearing exchange rate.

“The complete removal of regressive fuel and electricity subsidies is a near-term priority, combined with adequate compensatory measures for the poor. The mission stressed the need to fully remove fuel subsidies and move to a market-based pricing mechanism in early 2022 as stipulated in the 2021 Petroleum Industry Act.”

 

The IMF said the implementation of cost-reflective electricity tariffs as of January 2022 should not be delayed.

It said, “Well-targeted social assistance will be needed to cushion any negative impacts on the poor, particularly in light of still elevated inflation.

“Nigeria’s past experiences with fuel subsidy removal, which have all been short-lived and reversed, underscore the importance of building a consensus and improving public trust regarding the protection of the poor and efficient and transparent use of the saved resources.”

According to the IMF, the headline fiscal deficit is projected to worsen in the near term and remain elevated over the medium term.

It said, “Despite much higher oil prices, the general government fiscal deficit is projected to widen in 2021 to 6.3 per cent of GDP, reflecting implicit fuel subsidies and higher security spending, and remain at that level in 2022.

“There are significant downside risks to the near-term fiscal outlook from the ongoing pandemic, weak security situation and spending pressures associated with the electoral cycle.”

The fund said over the medium term, without bold revenue mobilisation efforts, fiscal deficits could stay elevated above the pre-pandemic levels with public debt increasing to 43 per cent in 2026.

“General government interest payments are expected to remain high as a share of revenues making the fiscal position highly vulnerable to real interest rate shocks and dependent on central bank financing,” it added.

Top 8 African Currencies With The Highest Exchange Rates Against Dollar In 2021

Top 8 African Currencies With The Highest Exchange Rates Against Dollar In 2021.

As we all know all countries in Africa have different currency so are the values of this currency, some have higher values than others, so we will be looking at this currency and the ones that have a higher value.

Before we continue, let’s understand what exchange rate is all about

What is Exchange Rate?

Exchange rate simply means the value of a currency when converted to another during trade.

According to Investopedia:

exchange rates have a substantial influence on companies’ operations and profitability. Exchange rate volatility affects not just multinationals and large corporations, but it also affects small and medium-sized enterprises, including those who only operate in their home country. While understanding and managing exchange rate risk is a subject of obvious importance to business owners, investors should also be familiar with it because of the huge impact it can have on their holdings.

Below are the top 8 African currencies that have higher value against dollar

Top 8 African Currencies With The Highest Exchange Rates Against Dollar In 2021

1. Tunisian dinar

The first on our list is the Tunisian dinar, this is currently the strongest and most valuable currency in Africa. As of the time this article was published (1USD  coverts to 2.88TND).

2. Libyan dinar

Libya dinar is the second on our list, it is currently the second strongest currency in terms of value on the continent, second only to Tunisia. When converted to the dollar, (1USD  coverts to 4.59LYD).

3. Ghanaian Cedi

Ghana is another country its currency is strong due to their massive effort towards giving it enough value.

Ghana had, in 2007, re-denominated its currency such that ten thousand Cedis became equivalent to one Ghana Cedi. The country’s Central Bank explained that the re-denomination became necessary for the sake of statistical convenience. The Ghanaian Cedi (1USD converts to 6.16 CEDI).

4. Moroccan dirham

Morocco is the fourth country that has the strongest currency in Africa, for now. As of the time this article was published (1USD coverts to 9.20Mad)

5. Botswanan pula

Botswana is situated in Southern Africa, they have the fifth strongest currency on the continent. As of the time this article was published (1USD coverts to 11.59Pula).

6. Seychellois rupee

Seychellois is a tiny island country located in the Somali Sea, the country has one of the strongest currencies in Africa. (1USD coverts to 13.59SCR).

7. Eritrean nakfa

Eritrea is located in the Horn of Africa, their currency is called the Eritrean nakfa. The currency has the eighth strongest exchange rate against the dollar. (1USD coverts to 15NAD)

8. Namibian dollar

Namibian dollar gets the 7th position on the list, The rate of 1$ to Namibian dollar when we converted was (1USD coverts to 15.64NAD).