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Naira Scarcity: Sokoto, Zamfara, Katsina Border Residents Trade in CFA
Residents of border communities in states including Sokoto, Zamfara, Katsina, Adamawa and Kwara have opted for the CFA franc following the scarcity of the new naira notes across the country.
The residents, including traders and commercial drivers, are also rejecting the old naira notes, insisting that customers who do not have the new redesigned currency must pay for goods and services with CFAs.
The CFA franc is the legal tender in eight West African countries of Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo, which make up the West African Economic and Monetary Union, otherwise known as the Union Économique et Monétaire Ouest Africaine.
Findings by The PUNCH indicated that businessmen and traders in the Zurmi and Shinkafi local government areas of Zamfara State, which border the Niger Republic, prefer the franc to the naira.
Investigation revealed that traders in the two LGAs had been selling their commodities in CFA due to fear that they might not get the new naira notes.
A cattle dealer, Musa Shehu, said he stopped receiving the Nigerian currency since the Central Bank of Nigeria announced the deadline for the swap of the N1,000, N500 and N200 notes.
He stated, “I have since stopped receiving the old naira notes because I don’t have an account and I can’t go to the bank.”
A trader in Shinkafi town, who shuttles between Nigeria and Niger Republic, explained that most of his customers paid with the CFA.
“I cannot collect old naira notes and give out my commodities to any customer. But I will collect new naira notes and CFA because I am afraid of losing my money if the time for the exchange expires,’’ the trader, who spoke on condition of anonymity, said.
A grain seller in Dada village in Zurmi Local Government, Muhammadu Isa, disclosed that he stopped selling grains in the Nigerian currency after the CBN’s policy on new naira notes was unveiled.
He said that he sold only to those who possessed CFAs to avoid losing money as ‘’my father did in 1983 when the naira notes were hurriedly changed by the then Major General Muhammadu Buhari regime.’’
Isa explained that his late father lost all his money when Buhari changed the national currency in 1983.
The grain trader insisted that he would not accept the old naira notes as there was no bank or Point of Service terminal in his community where he could withdraw the new currencies.
“You see since our people and those from the Niger Republic are coming to buy the grains with the CFA, I see no reason why I should collect old naira notes. If anybody wants to buy grains from me, he must pay in CFA or forget it. I will not collect old naira notes because I don’t know what to do with them after the expiration of the deadline,” he noted.
In a related development, commercial drivers who ply the Niger Republic from Zurmi and Shinkafi LGAs have also stopped collecting the old notes.
They justified their decision with the argument that the CFA was the only legal tender accepted by the people along the Nigeria-Niger borders.
A driver, Alhaji Hamisu, stated that passengers had to pay in CFA if they wanted to travel to the Niger Republic or return to Nigeria ‘’because the old naira notes are unacceptable as legal tender.’’
Hamisu said, “I have on several occasions refused to collect the old naira notes from my passengers because I have no time to go to the bank or PoS to get the new notes.
“Another problem is that you can’t buy fuel with the old naira notes in Niger republic; as such, no commercial driver on cross-border journeys will agree to take the old notes from passengers.
“I was almost stranded in Malbaza town in Niger Republic when I wanted to buy fuel with the old naira notes because we have been doing so before the change of the Nigerian currency.
“I went to the filling station as usual and bought 30 litres of fuel and brought out the old notes but the fuel attendant told me that he would not accept the notes.
“I pleaded with him but he was not ready to collect the money from me. I was lucky as one of the commercial drivers, who is also my friend, came to buy fuel and he had enough CFAs. I bought the CFA from him and settled the fuel attendant.”
The Punch
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Alleged Genocide: Approach Nigeria’s Security Situation with Understanding, FG Tells Trump
The Federal government has again urged United States President, Donald Trump, to demonstrate understanding in his approach to Nigeria’s security challenges.
The Minister of Information and National Orientation, Mohammed Idris, made the call during a press briefing on Wednesday in Abuja, days after Trump threatened military action against Nigeria over what he claimed is a genocide against Christians in the country.
“We call on our American friends and partners to approach the Nigerian situation with an understanding of its complex realities. Nigeria is a vast, multi-ethnic, multi-religious nation, making significant strides in economic reforms and strengthening its security architecture.
“We believe constructive engagement is the surest and most effective way to achieve peace and stability not only in Nigeria but in any part of the world.
“Nigeria welcomes dialogue, we welcome cooperation, and we also welcome support from foreign nations, including the United States of America, in addressing our shared security concerns,” the minister said.
Idris reiterated the current administration’s commitment to tackling the menace of terrorism, banditry, kidnapping, and other violent crimes in the country.
The minister maintained that the Federal government was winning the war against terrorism with major achievements recorded in the North-Eastern part of the country.
“In March this year, a report by the Global Terrorism Index indicated that terrorist attacks were at their lowest in over a decade in Nigeria. The Nigerian government did not say this; it is the international community that has given out this information,” he stated.
“In the last eight months, the Nigerian military has neutralised over 592 terrorists in Borno State alone. Many of them have been sent to their onward beyond.
“Over 11,200 hostages have been freed, and this is still going on. More importantly, over 124 insurgents and their families have surrendered. They have handed over more than 11,000 weapons to the security agencies,” Idris added.
According to the minister, the current administration has made multi-million dollar investments in modernised equipment for security agencies.
Noting that President Bola Tinubu has always supported the nation’s armed forces, Idris said the Commander-in-Chief has increased the budgetary allocation for the military.
He explained that Tinubu has demonstrated the political will to root out terrorism, rampaging bandits, and other criminal elements terrorising Nigerians.
The minister also highlighted military operations in the North-West region of the country, saying that the onslaught against criminals had led to the surrender of bandits in the region.
Idris cited cases where notorious bandit leaders had been eliminated by military strikes in Niger and Zamfara states.
“In the North-West, especially in Zamfara and Kaduna, 11,250 hostages have been freed, and some of the terror leaders that have made life very unbearable for people there have been neutralised.
“They include Ali Kachalla, Boderi, Halilu Sububu, and many others. All these have been sent to where they belong. Only this August, the military intercepted and killed in one operation over 400 armed bandits who had converged to attack a village in Zamfara State,” he stated.
Last Friday, Trump said Christianity faces an existential threat in Nigeria, describing the alleged killing as a “mass slaughter”.
“Christianity is facing an existential threat in Nigeria. Thousands of Christians are being killed. Radical Islamists are responsible for this mass slaughter,” he wrote.
The US president added that the United States “cannot stand by while such atrocities are happening” and directed Congressman Riley Moore and House Appropriations Chairman Tom Cole to investigate the matter.
“I am hereby making Nigeria a ‘country of particular concern.’ But that is the least of it. When Christians, or any such group, is slaughtered like is happening in Nigeria (3,100 versus 4,476 Worldwide), something must be done!
“I am asking Congressman Riley Moore, together with Chairman Tom Cole and the House Appropriations Committee, to immediately look into this matter and report back to me.
“The United States cannot stand by while such atrocities are happening in Nigeria and numerous other Countries. We stand ready, willing, and able to save our Great Christian population around the World!” Trump wrote.
Secretary of State, Marco Rubio, is putting Nigeria back on the watchlist, reversing a Joe Biden-era policy due to the extermination of Christians, Fox News reports.
The US President, Donald Trump, on Friday, ordered the designation of Nigeria as a Country of Particular Concern, saying that Christians in Nigeria are facing an existential threat. He also called on American lawmakers to investigate the mass slaughter.
A day later, Trump revealed that he had ordered the Pentagon to prepare for possible action in Nigeria as he continued accusing the Federal Government of violence against Christians.
Trump, who posted a statement on his social media handle, said that if the Nigerian government continues to allow the killing of Christians, US troops will be ordered to enter Nigeria and wipe out terrorists.
He said: “If the Nigerian Government continues to allow the killing of Christians, the U.S.A. will immediately stop all aid and assistance to Nigeria, and may very well go into that now disgraced country, “guns-a-blazing,” to completely wipe out the Islamic Terrorists who are committing these horrible atrocities.
”I am hereby instructing our Department of War to prepare for possible action. If we attack, it will be fast, vicious, and sweet, just like the terrorist thugs attack our cherished Christians! Warning: The Nigerian government better move fast!”
However, Fox News is now reporting that Trump’s directive has been carried out as Rubio is putting Nigeria back on the watchlist.
Source: Fox News
The Federal High Court in Abuja, on Tuesday, gave the leader of the Indigenous People of Biafra, Nnamdi Kanu, until November 5 to defend the terrorism charges filed against him or risk waiving his right to do so.
The trial judge, Justice James Omotoso, advised Kanu to consult legal practitioners experienced in criminal law to assist with his defence or to formally appoint a lawyer to represent him in court.
Justice Omotosho’s decision followed Kanu’s continued refusal to open his defence, insisting that there was no valid charge pending against him.
Kanu, who represented himself during Tuesday’s proceedings, told the court that he would not return to detention unless the charges against him were properly presented.
He argued that his continued detention by the Department of State Services was unlawful, maintaining that he had not breached any known law.
He also accused the court of disregarding the Supreme Court’s judgment which, according to him, condemned his extraordinary rendition from Kenya.
He demanded that the trial judge immediately discharge him from custody.
When reminded that the Supreme Court had ordered a fresh trial, Kanu maintained his position that the terrorism charge was invalid and incompetent.
Citing Section 36(12) of the 1999 Constitution, he argued that there was no existing law creating a terrorism offence in Nigeria.
“In Nigeria today, the Constitution is the supreme law. There is no valid charge against me. I will not go back to detention today. The Terrorism Prevention and Prohibition Act has been repealed. I cannot defend myself under a repealed law,” Kanu said.
He further challenged any lawyer to show him a valid charge, urging the court to “take judicial notice” of what he claimed was the repeal of the terrorism law.
“I cannot be tried under a law that has been repealed. Prosecuting me under such a law is a violation of my fundamental rights,” he insisted.
After several attempts to persuade him to enter his defence, Justice Omotosho adjourned proceedings until November 5, 2025, giving Kanu the final opportunity to either defend the charge or forfeit his right to do so.
During the session, counsel for the Federal Government, Adegboyega Awomolo (SAN), informed the court that some documents served on him by Kanu were unsigned and not endorsed by the court, arguing that they held no evidential value.
