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Today’s Headlines: Northern Security Better Under Tinubu – Shehu Sani, CBN Orders Banks To Deposit All Excess FX

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Northern Security Better Under Tinubu – Shehu Sani

News Source: Daily Post

Former Kaduna Central Senator, Shehu Sani, has said the security situation in the North under President Bola Tinubu has improved when compared to what was obtainable during the administration of former president Muhammadu Buhari.

Sani observed that terrorists attacked several schools in the north during Buhari’s administration but the reserve was the case under Tinubu’s government.

Speaking during the 40th anniversary and reunion of the ’84 set of Kagara Old Boys Association, composed of alumni from Government Science College, Kagara, in Rafi Local Government Area of Niger State, the former lawmaker linked the improved security situation to the killing of some terrorists’ leaders.

(Photos Credits: Google)

CBN Orders Banks To Deposit All Excess FX

News Source: Daily Post

The Central Bank of Nigeria has directed all Deposit Money Banks to deposit their excess foreign currency notes with its branches in Lagos and Abuja.

The apex bank disclosed this in a fresh circular on Friday signed by Solaja Mohammed Olayemi, its acting Director of the Currency Operations Department.

CBN said this is to boost FX liquidity and attain convergence in the exchange rates of the parallel and official markets.

CBN said guidelines become necessary in response to increased demand by DMBs to deposit their forex cash with CBN for credit to their respective offshore accounts.

“The approval is a response to the increasing demand by DMBs to deposit their forex cash with CBN for onward credit to their offshore accounts with the correspondent banks.

El-Rufai, Kwankwaso Meeting Spurs Fresh Speculations About Moves Against Tinubu

News Source: Daily Trust

The meeting between former Kaduna State governor, Malam Nasir El-Rufai and the leader of the New Nigeria People’s Party (NNPP), Senator Rabiu Musa Kwankwaso, on Thursday sparked fresh speculations that some northern political bigwigs are plotting a coalition to unseat President Bola Ahmed Tinubu in 2027, Daily Trust on Sunday reports.

While it wasn’t unusual to see El-Rufai and Kwankwaso together, preceding events, which had seen many northern political heavyweights turn the Daura home of former President Muhammadu Buhari into a sort of Mecca, have raised eyebrows among political observers.

It would be recalled that former Vice President Atiku Abubakar, accompanied by former governors of Sokoto and Adamawa states, Senator Aminu Tambuwal and Jibrilla Bindow, paid a visit to Buhari, which was tagged a Sallah homage. Twenty-four hours after Atiku’s visit, El-Rufai also visited the former president, while a former governor of Borno State, Ali Modu Sheriff, visited a few hours later.

Former Chief Of Defence Staff, Ibrahim Ogohi, Is Dead

News Source: Daily Trust

A former Chief of Defence Staff, Admiral Ibrahim Ogohi, has died after a brief illness.

Family sources said he had been clinically ill due to old aged related sickness for weeks before he died in his Abuja home in the early hours of Sunday.

“Admiral Ibrahim Ogohi passed on to glory a few minutes ago, early Sunday morning,” a family source said.

The late Admiral was Chief of Defence Staff between 1999 and 2003.

He was the first Naval officer to reach four star rank in the Nigerian military, including being the first chief of Defence Staff from Navy.

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