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BREAKING: Fuel Scarcity, Naira Redesign Plans By 5th Columnists To Embarass Buhari, Sabotage Elections — Tinubu

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The presidential candidate of the All Progressives Congress (APC), Bola Ahmed Tinubu, on Wednesday, alleged plans to scuttle the 2023 general elections through fuel scarcity and naira redesign.

Tinubu spoke in Abeokuta, Ogun State, during the APC presidential campaign.

The former Lagos Governor, however, vowed that Nigerians would defy the fuel scarcity and trek to cast their votes.

He said the forthcoming polls would be a superior revolution.

“They don’t want this election to hold. They want to sabotage it (elections). Will you allow them?”, Tinubu asked the teeming supporters at the rally, to which they responded “No.”

He, however, vowed that Nigerians would defy fuel scarcity and trek to cast their votes.

Tinubu vowed that “we will use PVC to take over the government from them,” just as he pointed out that the forthcoming polls would be a “superior revolution.”

His words, “Even if they said there is no fuel, we will trek to vote. They have a lot of mischief; they could say there is no fuel. They have been scheming to create fuel crisis, but forget about it.

“Relax, I, Asiwaju, have told you that the issue of fuel supply will be permanently addressed. Whoever wants to eat the honey embedded in a mountain won’t worry about the axe. Is that not so? And if you want to eat palm kernel, you would bring stone and use it to break it, then the kernel will come out. It’s not easy to…

“Let them increase the price of fuel, only them know where they have hoarded fuel, they hoarded money, they hoarded naira; we will go and vote and we will win. Even if they changed the ink on Naira notes. Whatever their plans, it will come to nought. We are going to win. Those in the PDP will lose (won ma lule).

“I am homeboy, I have come here, you will not be put to shame, we will take over the government from them, the traitors who wanted to contest with us. They had no experience.

“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200 per litre. Go and relax. They don’t want this election to be held, they want to scuttle it. Will you allow them?”

On education, he promised to give loans to students, saying no student would drop out due to lack of funds.

He also promised that his administration would put an end to incessant strikes, just as he said “we will make four years course four years course.”

He said “On this one, I’m guaranteeing you one thing: there will be a student loan. Nobody will drop out of University because of school fees. I guarantee you that. Nobody will have to repeat for eight years, and not graduate.

“Haba! We are too smart, we are brilliant, we are courageous, we are sharp, we will make a four years course. Do you agree? Will you vote on whether there is fuel or not? Call your sister, we are bringing revolution. Let me say what’s on my mind. The other day, I told you. This one too, they think they can cause a crisis by sabotaging fuel supply.

“They are sabotaging fuel supply. Whether there is fuel or not, whether there is Okada (motorcycle) or not, whether there is a tricycle or not, we will go and vote and we shall win. This is a superior revolution and when I tell you, you know what I mean. You know me, we are going there to win.”

“They have started coming up with the issue of ‘no fuel’. Don’t worry, if there is no fuel, we will trek to cast the vote.

“If you like increase price of fuel, hide the fuel or change the ink on the naira notes, we will win the election,” he said.

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JUST IN: CBN Increases Banks Capital Base To N500bn, N200bn For National Commercial Banks

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The capital basis for commercial banks with international permission has been raised to N500 billion by the Central Bank of Nigeria (CBN).

The policy change was confirmed by Mrs. Hakama Sidi Ali, CBN’s acting director of corporate communications. in a declaration.

She added that commercial banks with regional authorization are expected to reach a capital floor of N50 billion, while those with national authority must meet a ceiling of N200 billion.

Announced on Thursday, March 28, 2024, this comprehensive financial reform requires significant increases in banks’ minimum capital bases, which vary depending on the size of the bank.

The latest policy directive specifies that commercial banks with international authorization are now required to shore up their capital base to N500 billion.

In a bid to tighten the financial fabric, the CBN has not overlooked merchant banks, which are now subject to a N50 billion minimum capital requirement.

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Detained Binance Executive Gambaryan Drags EFCC, NSA To Court

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Tigran Gambaryan, the CEO of Binance who is currently in detention, has claimed that he has been violated in his fundamental human rights by the Economic Financial Crimes Commission and Nuhu Ribadu, the National Security Adviser.

Gambaryan, in an originating motion marked: FHC/ABJ/CS/356/24 sought a declaration that his detention and seizure of his international travel passport, contravened Section 35 (1) and (4) of 1999 Constitution.

He urged the court to order the NSA and the EFCC to release him from their custody and return his international travel passport with immediate effect.

Gambaryan also sought an order of perpetual injunction restraining the respondents and their agents from further detaining him in relation to any investigation into or demands from Binance.

He also urged the court to order the respondents to issue a public apology to him.

Gambaryan averred that he was in Nigeria alongside fleeing Nadeem Anjarwalla to honour the invitation of the ONSA and EFCC to discuss issues relating to Binance in Nigeria.

Anjarwalla escaped from the guest house where he and Gambaryan were being held

He argued that he had not committed any offence during the meeting, and neither was he informed in writing of any offence he personally committed in Nigeria at any other time.

“The only reason for his detention is because the government is requesting information from Binance and making demands on the company,” he added.

The fleeing Anjarwalla also filed a similar suit, marked: FHC/ABJ/CS/355/24.

At the proceedings on Thursday, T.J. Krukrubo (SAN) appeared for the plaintiffs, while the respondents had no representation.

Krukrubo informed the court that the respondents were served two days ago.

Shortly after that, he announced to the court that he was withdrawing from the matter as counsel for the fleeing Anjarwalla.

He did not give reasons for his withdrawal.

The trial judge, Justice Inyang Ekwo, adjourned the matter till April 8.

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Federal Government To Arraign Binance Executives Over ‘Tax Evasion’ On April 4

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On April 4, the federal authorities will file charges against senior executives of the cryptocurrency company Binance, Tigran Gambaryan, and Nadeem Anjarwalla, for allegedly engaging in “tax evasion.”

Anjarwalla is Binance’s regional manager for Africa, while Gambaryan oversees the company’s compliance with financial crimes.

The Federal Inland Revenue Service (FIRS) charged Binance with a crime on March 25th for “tax evasion.”

The service claims that the action is intended to maintain national economic integrity and fiscal discipline.

The lawsuit, designated as suit number FHC/ABJ/CR/115/2024, is said to “implicate Binance with a four-count tax evasion accusation”.

However, on Thursday, NAN reported the federal government will charge the three defendants before Emeka Nwite, the presiding judge, at the federal high court (FHC) in Abuja on a four-count charge.

Despite not being a vacation judge, according to the report, the chief judge granted the fiat for the judge to oversee the case during vacation because it is a matter of critical national interest.

The lawsuit comes a month after Anjarwalla and Gambaryan were detained by the Nigerian authorities.

Anjarwalla and Gambaryan had flown into Nigeria but had their passports seized by ONSA.

On March 12, Anjarwalla was transferred to a local hospital after he fell ill while in detention in Nigeria.

However, on March 25, Anjarwalla escaped from custody and fled Nigeria with a smuggled passport.

Meanwhile, Gambaryan, on March 28, sued Nuhu Ribadu, the national security adviser (NSA) and the Economic Financial Crimes Commission (EFCC), alleging violation of his fundamental rights.

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