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New Naira Notes: Customers Stranded, Keep Vigil As Scarcity Worsens In Kogi
Residents of Lokoja, the Kogi State capital, are currently in a fix over the scarcity of both the old and the new Naira notes.
The trauma got messier Tuesday night as customers turned commercial banks to night vigil centres in order to withdraw cash from the Automated Teller Machine, ATM.
According to DAILY POST reports, as at 11:45 PM on Tuesday, many customers were still stranded in various banks in Lokoja, the Kogi State capital as they could not get cash to carry out transactions.
A financial expert, Ikechukwu Mpama, who spoke to DAILY POST, said the current currency scarcity was inflicting more pains on Nigerians alongside the fuel scarcity.
He admonished the Central Bank of Nigeria to sanction any commercial bank sabotaging the effort of the government towards ensuring smooth circulation of the new currency.
A branch officer of one of the new generation banks, who wants to remain anonymous, told DAILY POST in Lokoja that they were helpless.
He said that he had been receiving various telephone calls from customers but that there was nothing they could do.
The senior officer said the apex bank had not released enough new naira notes to his bank to take care of the large volume of customers trooping to the bank.
Finding by DAILY POST indicates the majority of the people complied with the earlier January 31 deadline given by the Central Bank of Nigeria.
Keen watchers of the current scarcity of currency in the country, noted that the inability of banks to have enough new naira for customers and the fact that the banks were no longer issuing old naira notes deposited by customers triggered the current cash crunch in the country.
They called on the Central Bank of Nigeria, CBN, to quicken the process of releasing new naira notes banks to ease the pains of customers.
DAILY POST reports that one of the first generation banks, located in Lokoja, on Tuesday, further limited the amount a customer can cash from N20,000 to N5,000 per day. This is to enable more customers to access the new notes.
Authorities of many secondary schools in Lokoja have written to parents and guardians to pay school fees of their children and wards through mobile cash transfer given the difficulty in cashing the new naira notes for payment.
Baptist High School, Lokoja, in one of such letters to parents, said: “Dear parents, please be reminded that school fees defaulters will not be allowed in school as from Monday 6/2/23. Transfer to School account is allowed.”
The school, however, stressed the need for parents to support such payment with authentic receipt.
However, the tension created by the refusal of market men and women to accept the old naira notes prior to extension of the January 31 deadline, eased on Tuesday, with many dealers on foodstuff and other products accepting such currency from buyers.
Meanwhile, a large crowd of customers continued to be a visible feature in all the banks our correspondent visited in Lokoja on Tuesday, with most of them lamenting the pains they were going through.
News
Makinde Only In PDP Because He’s Not Seeking Re-election – Otitoju
Babajide Kolade-Otitoju, the Director of News at TVC News, recently stated that Oyo State Governor Seyi Makinde would likely have defected from the People’s Democratic Party (PDP) if he was still serving his first term.
Otitoju stated this on Friday on TVC’s ‘Breakfast Show’.
He described the National Convention of the Peoples Democratic Party, PDP, in Ibadan last November as a mere waste of time.
“People must show good judgment at a critical phase. What was the point of having that convention? Two courts told you not to go ahead but you went ahead.
“I may not be a fan of former Senate President Bukola Saraki but if he says something that makes sense, I will be the first to admit it. He made sense when he said let’s go for caretaker. What’s the point of not listening to him?
“Later you will be shouting that the ruling party is behind your crisis, meanwhile you are the architect of your own misfortunes. You created this problem.
“If Makinde were in his first term, he would have fled like the dancing governor because his second term would have been in danger,” Otitoju said.
News
Terror Surge: Tinubu Demands Results from Security Chiefs
President Bola Tinubu met with security chiefs, including Tunji Disu, the inspector-general of police (IGP) in a closed-door session on Thursday to address a series of “rising terror attacks” across the country.
The meeting followed an escalation in violence, including recent deadly raids in Benue, Plateau, and Borno states.
The nearly two-hour meeting, held at the State House in Abuja, began in the afternoon after the security chiefs arrived discreetly and ended around 5:10 p.m.
Those in attendance included Christopher Musa, minister of defence; Nuhu Ribadu, national security adviser (NSA); Adeola Ajayi, the director-general of the Department of State Services (DSS); and Olufemi Oluyede, chief of defence staff (CDS).
Others were Waidi Shaibu, the chief of army staff; Kelvin Aneke, chief of air staff; and Idi Abbas, chief of naval staff.
As of the time of filing this report, details of the meeting had yet to be issued by the presidency.
However, there are indications that the sit-down may centre around the rising terror attacks and intensified assaults on military outposts across Nigeria, particularly in the north-east, which culminated in the recent killing of several high-ranking officers.
On Monday, a commanding officer of the Nigerian Army was killed following an attack by suspected fighters of the Islamic State West Africa Province (ISWAP) on a military base in Kukawa, Borno state.
The attack came about a week after suspected Boko Haram and ISWAP fighters attempted to attack military positions in Ngoshe, Gwoza LGA of Borno.
On Tuesday, Nigerian troops repelled an early-morning attack by suspected ISWAP fighters on a military base in Doron Baga, Kukawa LGA of the state.
Speaking during an interfaith breaking of the fast with members of the Nigerian Armed Forces at the presidential villa in Abuja last Friday, Tinubu said the country would “ultimately prevail against all forms” of insecurity.
The president said the efforts of the security forces had continued to weaken terrorist groups and bandits operating in different parts of the country.
He assured the armed forces of continued investment in modern equipment, intelligence, and logistics to strengthen their operational effectiveness.
News
2027 Shakeup: 12 Lawmakers Defect To APC, ADC
In a major political shake-up on Thursday,12 members of the House of Representatives formally defected from their various political parties to the All Progressives Congress (APC) and the African Democratic Congress (ADC).
The Deputy Speaker, Benjamin Kalu, announced the defections during a plenary session, citing internal party crises and leadership disputes as the primary reasons for the lawmakers’ exit.
Of the 12 lawmakers who defected, six left the Peoples Democratic Party for the APC. Five members abandoned the Labour Party and the PDP for the ADC, while one member moved from the Young Progressives Party to the ADC.
The development has heightened concerns about growing instability within political parties ahead of the 2027 general elections.
Those who defected from the PDP to the APC are James Barka (Adamawa), Kwamoti Bitrus Laori (Adamawa), Zakaria Nyampa (Adamawa), Kobis Thimnu (Adamawa), Midala Balami (Borno), and Mohammed Bargaja (Sokoto).
Lawmakers who defected to the ADC include Afam Victor Ogene (Anambra), Peter Aniekwe (Anambra), Lilian Orogbu (Anambra), Jessey Onakalusi (Lagos), and Murphy Osaro Omoruyi (Edo).
The Deputy Speaker of the House, Benjamin Kalu, who presided over plenary, disclosed that some other members had also written to the leadership of the House notifying it of their intention to leave their current parties.
He, however, said the letters and the destination parties of the lawmakers would not be disclosed in their absence.
While announcing the names of the defectors, Kalu said the reasons given by the lawmakers were similar to those previously cited by others who had defected. He added that the House would not read the letters during the session in order to save time.
According to him, the letters would only be read when the concerned lawmakers are present on the floor of the House.
During Wednesday’s plenary, Garba Inuwa and Abdullahi El-Rasheed from Gombe, as well as Mohammed Audu (Taraba) and Joshua Obika (FCT), defected to the APC, while Adewale Adebayo (Osun) left the PDP for the Accord Party.
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