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Naira Scarcity: Sokoto, Zamfara, Katsina Border Residents Trade in CFA

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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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Tinubu Orders Arrest, Suspension of Three Perm Secs As ICPC Uncovers Another Fake Govt Agency

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President Bola Tinubu on Friday ordered the immediate arrest and suspension of three federal Permanent Secretaries over their alleged involvement in the operation of another fake agency uncovered by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

ICPC Chairman, Dr Musa Adamu Aliyu, who disclosed this to newsmen after briefing President Tinubu on the latest findings from the commission’s ongoing investigation into fictitious agencies and weaknesses in public sector processes named the affected Permanent Secretaries to include M S Danjuma, Engr Nadungu Gagare, and Richard Pheelangwah.

The Commision’s latest discovery is coming barely few weeks after exposing the fictitious Presidential Foreign Intervention Promotion Council (PFIPC).

According to Aliyu, the newly uncovered entity, operating as National Brands Development and Made-in-Nigeria Special Project Office, had allegedly secured office accommodation within the premises of the Office of the Secretary to the Government of the Federation (OSGF) without authorisation from the President.

The discovery, he said, was made during the broader investigation into the PFIPC, which President Tinubu had directed the ICPC to undertake.

The fake agency, according to ICPC boss, was promoted by Prince George Buchi Nwabueze, who allegedly operated under several variations of his name, including George Nathan Nwabueze, Honourable George Buchi Nwabueze, Prince George Buchi Nwabueze and George Buchi Nwabueze.

Aliyu disclosed that the commission was engaging relevant officials in the Office of the Secretary to the Government of the Federation to establish how the purported agency came to operate from government premises and to obtain other vital information required for the investigation.
“I have briefed Mr President comprehensively on these new developments. ICPC will continue with its investigation,” he said.

Following the fresh findings, Aliyu said President Tinubu had directed the immediate arrest of Prince George Buchi Nwabueze, as well as the immediate suspension of the three named permanent secretaries.

The commission is expected to establish the roles played by the suspended officials and other individuals in the emergence and operation of the purported agency.

Aliyu said the latest discovery underscored the need for tighter controls and greater scrutiny of government institutions and internal administrative processes.

He commended President Tinubu for ordering a wider policy audit of federal agencies and government processes, describing the initiative as a proactive measure to strengthen the governance system.

His said: “President Bola Tinubu must be commended for the proactive step of directing the policy audit of MDAs and internal government processes towards strengthening government governance system.”

The latest development has widened the scope of the ICPC’s investigation into the proliferation of fictitious government entities and alleged exploitation of official structures by individuals seeking to create the impression of government authority.
The commission’s investigation into the PFIPC was initiated after the purported agency came under scrutiny, with the President subsequently directing the ICPC to unravel those behind its operations and determine whether public officials facilitated its activities.

With the discovery of another purported agency operating from government premises, the ICPC probe is now expected to examine broader institutional weaknesses that may have enabled unauthorised entities to gain access to federal government facilities and present themselves as legitimate government bodies.

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2027: Atiku Promises to Restore Fuel Subsidy If Elected President

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The African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has promised to restore the petrol subsidy if he wins the 2027 presidential election.

Atiku made the pledge during an interview on Wednesday while questioning the use of funds he said were saved following the removal of the subsidy.

He said the policy could have been beneficial to Nigerians if the savings had been properly accounted for and invested in areas such as poverty reduction and education.

“I did not oppose the removal of the oil subsidy, but where is the money? Where did it go? It was intended to reduce poverty and help children attend school. Where is the money now? It seems they are just stealing it,” Atiku said in Hausa.

“If elected, I will bring back the oil subsidy, and whoever stole the money must refund it.”

The former vice president said he would also consider the removal of the subsidy if the funds generated from the policy were transparently used to address the country’s development challenges.

“The government successfully removed the subsidy, but we do not know where the money went. If they had used the money for development, to solve security problems, for education, and to create opportunities for the youth, it would be different. If elected, I can remove the subsidy and use the money to do all these properly.”

President Bola Tinubu announced the removal of the petrol subsidy during his inaugural address on May 29, 2023, before assuming office.

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I’m Not Afraid of Anybody, Cardinal Onaiyekan Replies Presidency

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The Catholic Archbishop Emeritus of Abuja, Cardinal John Onaiyekan, has fired back at the Presidency over its criticism of his public account of a meeting between Catholic bishops and President Bola Tinubu, declaring that he did not appear on national television to please the government and was not afraid of anyone.

The 82-year-old cleric said he appeared on Arise News to tell Nigerians what he believed was the truth about the issues discussed during the bishops’ engagement with the President, insisting that neither his age nor criticism from government officials would silence him.

Onaiyekan spoke in a video shared by Symfoni TV on Wednesday, weeks after the Presidency criticised his decision to publicly disclose aspects of the meeting between the Catholic Bishops’ Conference of Nigeria (CBCN) and Tinubu.

“I didn’t go to Arise to please the government, or to just please people, but to tell the truth. That’s all I stand for,” Onaiyekan said.

He also dismissed attacks against him on social media, saying he had no reason to engage those criticising him because other Nigerians had already responded on his behalf.

“I don’t have to respond to those attacking me on social media because other Nigerians have spoken on my behalf,” he said.

The cleric went further, declaring that he was not concerned about the possibility of being embarrassed or intimidated because of his advanced age.

“I cannot be embarrassed. I’m 82 years old; nobody can embarrass me. And I’m not afraid of anybody. Nobody, at this stage now, are they going to arrest me, carry me to where?” he declared.

Senior Special Assistant to President Bola Tinubu on Media and Publicity, Temitope Ajayi, who said his criticism of Cardinal John Onaiyekan was not intended to disrespect the cleric.

The controversy that followed a July 28 meeting between Tinubu and a delegation of the CBCN at the State House, Abuja.

The delegation was led by the CBCN President, Archbishop Matthew Man-Oso Ndagoso of Kaduna, and included Onaiyekan, Cardinal Peter Okpaleke, Bishop Matthew Kukah of Sokoto and other senior Catholic clerics.

During the meeting, the bishops raised a number of issues concerning the state of the nation, including economic hardship, insecurity, democracy, preparations for the 2027 elections, religious freedom and the return of mission schools.

Three days later, Onaiyekan appeared on Arise News and publicly recounted aspects of the engagement while speaking about the concerns expressed by the Catholic leadership over the condition of the country.

His comments subsequently attracted criticism from the Presidency. The President’s Senior Special Assistant on Media and Publicity, Temitope Ajayi, criticised the disclosure of details from the meeting, describing the engagement as a private interaction.

The Presidency’s reaction sparked a debate over the extent to which details of engagements between government and religious leaders should remain confidential, particularly when the discussions concern matters of public interest.

Onaiyekan, however, has maintained that his intervention was neither personal nor intended to embarrass the government. The cleric rejected any suggestion that he had presented a personal opinion during his television appearance.

According to him, the issues he discussed reflected the collective position of the Catholic bishops who participated in the engagement with the President.

“No, mind you, I didn’t talk on my own now. I spoke on behalf of my fellow bishops,” he said.

Onaiyekan disclosed that the bishops had prepared a joint statement containing the issues he subsequently discussed during the television interview.

“We drafted a statement which contained all that I said in the interview. So, all the bishops of Nigeria spoke that way. It was their voice I was echoing,” he stated.

Onaiyekan also emphasised that Catholic bishops remained entitled to speak within their respective dioceses about issues affecting Nigerians.

“I cannot speak on behalf of other religious leaders. Everybody has their own job to do, but many of the other religious leaders have supported us,” Onaiyekan said.

Onaiyekan also broadened his comments beyond the dispute with the Presidency, stressing that the economic difficulties confronting Nigerians could not be dismissed as a disagreement between the government and religious leaders.

He said the widespread poverty and suffering in the country affected everyone.

“When it comes to what is happening to Nigeria, the poverty, the suffering, we are all in the same boat now, abi?” he asked.

The cleric urged Nigerians not to take the country’s remaining space for public criticism and expression for granted.

“And we are still lucky in this Nigeria that we can still talk. We shouldn’t take that for granted. There are many countries in Africa where no bishop dares to talk like we do here,” he said

Meanwhile, Ajayi has sought to draw a line under the controversy, saying his earlier response to Onaiyekan was not intended to disrespect the Catholic cleric or the church.

Ajayi made the clarification during an interview on Arise TV on Thursday, days after criticising Onaiyekan for publicly discussing the details of the closed-door meeting between Tinubu and the CBCN.

The presidential aide said the matter had been resolved and insisted that there was no intention to disparage the respected cleric.

“Well, I think that episode has been closed. Cardinal Onaiyekan is a respected clergy and a statement in his own right,” Ajayi said.

He explained that his intervention was aimed at providing a different interpretation of the account given by the cardinal, rather than questioning his standing in the church or wider society.

“My response to him did not in any way disrespect him or disrespect his standing in the society and the church. He’s one of the leaders of the faith,” Ajayi said, adding that he only sought to offer another perspective on the account of the meeting between the bishops and the President.

“I only tried to provide a different perspective from his own account of the bishop’s encounter with the president, and I think that point has been made. And I think it’s not something we really want to dwell further on,” he said.

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