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President Robert Mugabe of Zimbabwe was fired as leader of the ruling ZANU-PF party on Sunday, sources at a special ZANU-PF meeting to decide Mugabe’s fate told Reuters.

Mugabe was replaced by Emmerson Mnangagwa, the deputy he sacked this month.

“He has been expelled,” one of the delegates said. “Mnangagwa is our new leader.”

Mugabe’s wife, Grace, who had harbored ambitions of succeeding Mugabe, was also expelled from the party.

Speaking before the meeting, war veterans’ leader Chris Mutsvangwa said the 93-year-old Mugabe was running out of time to negotiate his departure and should leave the country while he could.

“He’s trying to bargain for a dignified exit,” he said.

Mutsvangwa followed up with threat to call for street protests if Mugabe refused to go, telling reporters: “We will bring back the crowds and they will do their business.”

Mnangagwa, a former state security chief known as: “The Crocodile,” is now in line to head an interim post-Mugabe unity government that will focus on rebuilding ties with the outside world and stabilizing an economy in freefall.

On Saturday, hundreds of thousands of people flooded the streets of Harare, singing, dancing and hugging soldiers in an outpouring of elation at Mugabe’s expected overthrow.

People hold an anti-Grace Mugabe placard during a demonstration demanding the resignation of Zimbabwe’s president on November 18, 2017 in Harare. Zimbabwe was set for more political turmoil November 18 with protests planned as veterans of the independence war, activists and ruling party leaders called publicly for President Robert Mugabe to be forced from office. / AFP PHOTO / ZINYANGE AUNTONYZINYANGE AUNTONY/AFP/Getty Images

His stunning downfall in just four days is likely to send shockwaves across Africa, where a number of entrenched strongmen, from Uganda’s Yoweri Museveni to Democratic Republic of Congo’s Joseph Kabila, are facing mounting pressure to quit.

Men, women and children ran alongside the armored cars and troops who stepped in this week to oust the man who has ruled since independence from Britain in 1980.

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Under house arrest in his lavish “Blue Roof” compound, Mugabe has refused to stand down even as he has watched his support from party, security services and people evaporate in less than three days.

His nephew, Patrick Zhuwao, told Reuters Mugabe and his wife were “ready to die for what is correct” rather than step down in order to legitimize what he described as a coup.

On Harare’s streets, few seemed to care about the legal niceties as they heralded a “second liberation” for the former British colony and spoke of their dreams for political and economic change after two decades of deepening repression and hardship.

“These are tears of joy,” said Frank Mutsindikwa, 34, holding aloft the Zimbabwean flag.

“I’ve been waiting all my life for this day. Free at last. We are free at last.”

The huge crowds in Harare have given a quasi-democratic veneer to the army’s intervention, backing its assertion that it is merely effecting a constitutional transfer of power, rather than a plain coup, which would entail a diplomatic backlash.

Inspite of the euphoria, some Mugabe opponents are uneasy about the prominent role played by the military, and fear Zimbabwe might be swapping one army-backed autocrat with another, rather than allowing the people to choose their next leader.

“The real danger of the current situation is that having got their new preferred candidate into State House, the military will want to keep him or her there, no matter what the electorate wills,” former education minister David Coltart said.

The United States, a long-time Mugabe critic, said it was looking forward to a new era in Zimbabwe, while President Ian Khama of neighbouring Botswana said Mugabe had no diplomatic support in the region and should resign at once.

People cheer a passing Zimbabwe Defense Force military vehicle during a demonstration demanding the resignation of Zimbabwe’s president on November 18, 2017 in Harare. Zimbabwe was set for more political turmoil November 18 with protests planned as veterans of the independence war, activists and ruling party leaders called publicly for President Robert Mugabe to be forced from office. / AFP PHOTO / Jekesai NJIKIZANAJEKESAI NJIKIZANA/AFP/Getty Images

People cheer a passing Zimbabwe Defense Force military vehicle during a demonstration demanding the resignation of Zimbabwe’s president on November 18, 2017 in Harare. Zimbabwe was set for more political turmoil November 18 with protests planned as veterans of the independence war, activists and ruling party leaders called publicly for President Robert Mugabe to be forced from office. / AFP PHOTO / Jekesai NJIKIZANAJEKESAI NJIKIZANA/AFP/Getty Images

 

 

 

People cheer a passing Zimbabwe Defense Force military vehicle during a demonstration demanding the resignation of Zimbabwe’s president on November 18, 2017 in Harare. Zimbabwe was set for more political turmoil November 18 with protests planned as veterans of the independence war, activists and ruling party leaders called publicly for President Robert Mugabe to be forced from office. / AFP PHOTO / Jekesai NJIKIZANAJEKESAI NJIKIZANA/AFP/Getty Images

People attempt to inch their way forward on the road to State House in Harare, Saturday, Nov. 18 2017. Earlier euphoric crowds of several thousand people gathered in Zimbabwe’s capital to demand the departure of President Robert Mugabe after nearly four decades in power. (AP Photo/Ben Curtis)

Crowds march on the streets of Harare, demanding the departure of President Robert Mugabe, Saturday Nov. 18, 2017. Opponents of Mugabe are demonstrating for the ouster of the 93-year-old leader who is virtually powerless and deserted by most of his allies. (AP Photo/Tsvangirayi Mukwazhi)

People shout slogans and hold placards during a demonstration demanding the resignation of Zimbabwe’s president on November 18, 2017 in Harare. Zimbabwe was set for more political turmoil November 18 with protests planned as veterans of the independence war, activists and ruling party leaders called publicly for President Robert Mugabe to be forced from office. / AFP PHOTO / Jekesai NJIKIZANAJEKESAI NJIKIZANA/AFP/Getty Images

People carry placards during a demonstration demanding the resignation of Zimbabwe’s president on November 18, 2017 in Harare. Zimbabwe was set for more political turmoil November 18 with protests planned as veterans of the independence war, activists and ruling party leaders called publicly for President Robert Mugabe to be forced from office. / AFP PHOTO / Jekesai NJIKIZANAJEKESAI NJIKIZANA/AFP/Getty Images

People shout slogans and hold placards during a demonstration demanding the resignation of Zimbabwe’s president on November 18, 2017 in Harare. Zimbabwe was set for more political turmoil November 18 with protests planned as veterans of the independence war, activists and ruling party leaders called publicly for President Robert Mugabe to be forced from office. / AFP PHOTO / Jekesai NJIKIZANAJEKESAI NJIKIZANA/AFP/Getty Images

Reuters/NAN.

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Lagos, Ogun Warn Residents As Oyam Dam Plans Water Release

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The Lagos and Ogun state governments have warned residents living in flood-prone areas, especially those near riverbanks, to temporarily relocate or prepare for possible flooding due to the planned release of water from the Oyan dam.

The release, managed by the Ogun-Oshun River Basin Development Authority (OORBDA), is an annual process to regulate dam levels during the rainy season.

Last year, flooding caused by water release from the dam affected residents of Isheri Riverview Estate and surrounding areas.

To prevent a similar situation, both state governments have advised communities in low-lying areas to take precautions, including moving to safer locations, as the release could cause rivers to overflow and result in severe flooding.

The Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab, confirmed that advocacy efforts were underway, urging people in vulnerable areas like Ajilete and Owode-Onirin to relocate.

The Ogun State Commissioner for Environment, Ola Oresanya, noted that the dam’s water release volume would be increased to create more reservoir space.

However, OORBDA assured the public that the release would not cause flooding, and the dam has undergone regular maintenance to prevent any failures.

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Federal Government Declares October 1 As Public Holiday In Celebration Of Independence Day

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The Federal Government of Nigeria has declared Tuesday, October 1, 2024, as a public holiday to commemorate the country’s 64th Independence Day celebration.

This announcement was made by the Minister of Interior, Dr. Olubunmi Tunji-Ojo, who congratulated Nigerians both at home and abroad on this historic occasion.

Dr. Tunji-Ojo commended the resilience and hard work of Nigerians, emphasizing that their sacrifices will not go unnoticed.

He encouraged citizens to reflect on the enduring efforts of the nation’s founding heroes, reminding them that the dream of a prosperous and united Nigeria can only be realized through collective action and national unity.

He also “reiterated the need for Nigerians to reflect on the labour of our heroes past and be inspired for the tasks ahead, realising that a Nigeria of our dream can only be built when we unite”.

“While wishing Nigerians a Happy Independence Day Anniversary, Dr. Tunji- Ojo urged the citizens to continue to be steadfast in nation-building,” the statement reads.

The federal government had announced that this year’s Independence Day anniversary will be a “low-key event” due to the economic hardship and spiralling inflation bedevilling millions of households.

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BIG STORY

Naira Depreciates To N1,700/$ At Parallel Market, Lowest Level In Seven Months

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The Nigerian naira experienced a significant decline in value on Friday, depreciating to N1,700 per dollar at the parallel section of the foreign exchange market.

By the close of trading, the naira had depreciated by 1.49 percent compared to its value of N1,675 per dollar on Thursday.

Notably, this rate of N1,700 per dollar represents the lowest value the naira has recorded since February 19, when it previously reached a low of N1,730 per dollar.

In Lagos, currency traders, also known as street traders, quoted the buying rate of the local currency at N1,680 per dollar and the selling rate at N1,700 per dollar, resulting in a profit margin of N20.

Meanwhile, at the official foreign exchange window, the local currency appreciated by 2.24 percent, rising from N1,576.1 per dollar on Thursday to trade at N1,540.78 per dollar on Friday.

According to FMDQ Exchange, a platform that oversees the official window, a dollar was sold as high as N1,691 and at a low rate of N1,530 during trading hours.

At the parallel market on Monday, the naira depreciated to N1,665/$ from N1,663 on September 20.

Maintaining the depreciation streak, the local currency fell further to N1,670 and N1,680 on Tuesday and Wednesday, respectively.

However, the naira rebounded to N1,675 on Thursday.

At the official FX market, the local currency depreciated to N1,562.66 on Monday — from N1,541.52 on September 20.

Subsequently, the naira further depreciated to N1,658.48 on Tuesday and N1,667.72 on Wednesday, before appreciating to N1,576.1 on Thursday.

On January 29, the Central Bank of Nigeria (CBN) said it had begun implementing a comprehensive plan to improve liquidity in the Nigerian FX markets in the short, medium, and long term.

The apex bank said the FX reforms were designed to streamline and harmonise multiple exchange rates, promote transparency, and lessen the likelihood of arbitrage opportunities.

On September 25, Olayemi Cardoso, governor of CBN, said the multiple interest rate hikes have restored confidence in the naira.

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