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EFCC Chairman Olukoyede Hails Nigerians, Says Naira Not Abused Like Before Anymore

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Ola Olukoyede, the chairman of the Economic and Financial Crimes Commission (EFCC), has commended Nigerians for treating the naira a lot better lately.

The EFCC has stepped up its campaign against abuse of the naira since the turn of the year.

Recently, the agency secured the conviction and imprisonment of Idris Okuneye, popularly known as Bobrisky, for abusing the naira.

In April, Cubana Chief Priest, a socialite and nightlife promoter, was similarly arraigned for abusing the naira.

Speaking on EFCC radio in Abuja on Monday, Olukoyede, who was represented by Dele Oyewale, spokesperson of the agency, said the commission is working to ensure that extant laws are obeyed.

The EFCC chair said the naira is the country’s symbol and all hands should be on deck to safeguard it.

“If you go to parties, nobody is abusing the naira as it used to be because people know that it is no longer business as usual, people are now paying attention to what they have taken for granted, they now study the law of the land,” Oyewale said.

“So, we should applaud the courage of the executive chairman for choosing to restore the sanctity of our identity.

“We are carrying out this mandate by ensuring that laws that are already in place are duly obeyed and it takes courage to do this because attacks are coming left, right and centre.

“You can see that we are ahead, people are beginning to come to terms with the laws. Right now, we have got close to 50 convictions in this regard.”

Asked about what law backed the commission to prosecute anyone who abuses the naira, Olukoyede said section 7 (2) of the EFCC law empowers it to coordinate and enforce all laws regarding economic and financial crimes.

“Section 21 of the CBN Act also forbids currency abuse and the Central Bank of Nigeria has come out to advise Nigerians against the stapling, counterfeiting, selling, buying, spraying, writing, tearing, and mutilation of the naira note,” he said.

“In fact, even if you reject the naira, it is a crime and the likely penalty is stated in the CBN act: an imprisonment of nothing less than six months or a fine of N50,000 or both. So, ignorance of the law is not an excuse.”

The EFCC chair added that the agency is enlightening the public about these laws.

BIG STORY

BREAKING: President Tinubu Arrives National Assembly To Present N47.96tn 2025 Budget

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Barring any last-minute twist, President Bola Tinubu has just arrived at the National Assembly Complex with his entourage to present the 2025 budget proposal before a joint session of parliament.

The Federal Executive Council on Monday approved the N47.96tn budget estimate for the 2025 fiscal year.

Consequently, security agents, including operatives of the Department of State Services, the Nigeria Police Force, Nigerian Security and Civil Defence Corps, Sergeant-At-Arms, and the Federal Road Safety Corps, are restricting access to the complex, assuring that only those with legitimate business related to the proposed budget presentation are allowed entry through the gates.

Staff members of the National Assembly providing clerical and other auxiliary services were on Tuesday instructed to remain at home until the President’s visit was over.

 

More to come…

 

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After Spending Over 14 Yrs In Prison, Governor Adeleke To Pardon Man Sentenced To Death For ‘Stealing Chicken’

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Ademola Adeleke, governor of Osun, is seeking to pardon Segun Olowookere, who was sentenced to death by hanging for allegedly stealing a fowl and eggs in 2010.

In an interview with Biola Adebayo, a Nigerian actress, the parents of the victim claimed that police officers from the Osun command arrested Olowookere for an offence he did not commit.

Olowookere Olanrewaju, the man’s father, said a divisional police officer (DPO) asked him to pay N30,000 for his son’s release, but N20,000 was all he could raise at the time.

“We are here to beg Nigerians to help us. In 2010, I was at the shop where I was renting out cassettes, and at about 11am, some police officers came around,” he said.

“We later found out some students from Segun’s school were in their vehicle and they said they were arrested because of the theft of a chicken and eggs.

“Truth be told, Segun does not eat chicken. Because I trained broilers. He refused to run away, telling us that he didn’t know anything about the theft of the chicken.

“They came back around 9pm in the night and he was eventually arrested. It was when I visited the station that I knew who owned the chicken and eggs. He was just like a brother to me.

“I was told by the DPO in charge to bring N30,000 so my son could be released but after running around, all I could raise was N20,000 which he refused to collect.”

Folashade Olowookere, mother of the victim, said her son, who was 17 at the time of his arrest, has now spent over 14 years in prison since he was sentenced.

In a statement on Wednesday, Adeleke directed the attorney-general and commissioner for justice in Osun to commence a full probe into the matter.

“I have received the report of a case of a young man reportedly sentenced to death by hanging in Osun State for stealing a fowl,” the statement reads.

“Consequently, I have directed the Attorney-General and Commissioner for Justice, Osun State to commence full investigation into the matter and initiate processes to grant the prerogative of mercy to the young man.

“Osun is a land of justice and equity and must ensure fairness and protection of the sanctity of lives.

“I assure members of the public that this matter is receiving my direct attention with every sense of urgency also attached to our response to the matter.”

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Two LAUTECH Students Win N20m In NOA Campus Debate Competition

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  • Extra N1million from NELFund

 

Two students of the Ladoke Akintola University of Technology (LAUTECH) in Ogbomoso, Oyo State, Adekunle Ayomide and Oladeji Oluwashina, have won the 2024 National Orientation Agency (NOA) campus debate competition.

The competition, organized by the NOA, featured two university representatives from each of the six geopolitical zones, debating the topic “Criticising and dissenting peacefully while maintaining love for one’s country.”

The LAUTECH representatives emerged victorious in the debate, receiving a prize of N20 million.

The students were also awarded an additional N1 million from the Nigerian Education Loan Fund (NELFund).

Ahmadu Bello University in Zaria and the University of Ilorin were the first and second runner-ups, winning N750,000 and N500,000, respectively.

Ignatius Ajuru University of Education in Port Harcourt, Gombe State Polytechnic in Bajoga, and the Institute of Management and Technology in Enugu secured the fourth, fifth, and sixth positions, respectively.

Speaking during the event on Tuesday, Lanre Issa-Onilu, the NOA director-general, stated that the debate aims to engage the youth in governance matters.

Issa-Onilu emphasized that while criticism is essential for nation-building and democracy, it must be constructive to ensure peace and development.

He congratulated the participants for their thoughtful strategies in engaging with the government constructively.

“Constructive criticism is not rebellion; it is a cornerstone of democracy and a vital tool for nation-building,” Issa-Onilu said.

“Patriotism is not silence. Loving your country does not mean turning a blind eye to its shortcomings. It means recognizing those shortcomings, speaking up against them constructively, and working together to find solutions.”

Akintunde Sawyerr, managing director of NELFund, reaffirmed the agency’s commitment to ensuring that Nigerian students have access to quality tertiary education through its education loans.

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