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The Governor of Kaduna State, Nasir El-Rufai, has ordered the arrest of signatories of “Northern Youths” that ordered Igbos out of northern Nigeria.

Spokesperson of the governor, Samuel Aruwan, confirmed this to newsmen, explaining the position of the Kaduna state government on the plans of “The Kaduna Declaration.”

“The Kaduna State Government condemns in the strongest terms the press statement by some self-appointed “northern youths” that threatened the safety and property of our citizens of Igbo extraction. Government assures every resident of our state that their constitutional and human rights to live peacefully and own property wherever they choose is sacrosanct. Even people who may feel unhappy about irresponsible comments or actions that have taken place in other states must know that two wrongs cannot make a right.

“The Kaduna State Government believes in and will uphold the right of every Nigerian to live safely and develop his/her full potentials within its territory.

“Reckless disregard for the rights of other citizens drips through the press statement by these “northern youths” who have chosen to use the discourse around restructuring to promote their own agenda of hate, division and incitement. This sort of opportunists cannot be allowed to distort debate, or turn it into a pretext for a barely-disguised agenda of displacement and dispossession of some citizens.

“We will not tolerate such irresponsible statements and conduct in our state. The statement issued by the “northern youths” violates the laws of Kaduna State. Therefore, the Kaduna State Government has directed that its Ministry of Justice should prepare charges and prosecute the signatories and anyone complicit in arranging this egregious assault on the rights of fellow citizens.

“Preparatory to prosecution, the police have been directed to immediately arrest, interrogate the signatories to the statement and investigate all the circumstances and persons that may be implicated in the matter.”

“The Kaduna State Government urges all residents to ignore the threats from the “northern youths”. We are in contact with the leadership of the Igbo community in Kaduna, and we delighted to say that this community, like all our other communities, believes in the strength of the constitutional order to protect all citizens.

“KDSG wishes to encourage all our people to celebrate the diversity with which the Almighty has blessed us, to continue to shun agents of division, and to stand firm in upholding a common humanity. Everyone has a right to live in peace and harmony.”

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BREAKING: EFCC Declares Yahaya Bello Wanted [PHOTO]

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Yahaya Bello, the former governor of Kogi state, has been declared wanted by the EFCC.

He reportedly evaded arrest yesterday when the commission visited his home to enforce arrest.

More to come…

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Hydrogen, CCHub Partner To Encourage Fintech Startup Success

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As the country faces economic challenges, the need for adaptive strategies in the fintech industry becomes paramount. In line with this, leading fintech startup Hydrogen Payment Services Limited (‘Hydrogen’) has teamed up with Co-creation Hub (‘CcHub’) to host an insightful event themed ‘Adapting Fintech Business Models to Economic Climates’.

The event is set to take place on Thursday, April 18, 2024, from 12:00 a.m. WAT at the CCHub office in Sabo, Lagos, will delve deep into the intricacies of Nigerian economic challenges and how these influence the fintech ecosystem. Participants will gain actionable insights on how to adapt fintech business models to volatile economic conditions by prioritising flexibility, agility, and customer-centricity.

This collaboration underscores the shared commitment of both entities to empower aspiring founders venturing into the fintech space amidst economic uncertainties. By leveraging their respective expertise and resources, Hydrogen and CcHub aim to equip
emerging entrepreneurs with the knowledge, tools, and support needed to thrive in today’s dynamic economic conditions.

Emeka Awagu, Chief Technology Officer at Hydrogen, commented on the strategic partnership with CcHUB: “Our alliance with CcHUB amplifies our shared commitment to pioneering transformative solutions in the Nigerian fintech sector. By leveraging Hydrogen’s technological expertise alongside CcHU’s innovative approach, we are primed to set a new standard for fintech excellence and drive impactful change across the industry.”

The event will feature a distinguished panel of industry experts and thought leaders. including Ina Alogwu, Group Director, Digital Transformation, ARM HoldCo; Emeka Awagu, Chief Technology Officer, Hydrogen; and Miracle Ezechi, Digital Marketing Manager, Hydrogen.

The panel discussion will be moderated to encourage an engaging and insightful conversation on the strategies and innovations required to thrive in the Nigerian fintech landscape amidst economic challenges.

Interested attendees are encouraged to register here and reserve a spot.

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ECONOMY: CBN Not Using Foreign Reserves To Defend Naira — Olayemi Cardoso

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The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, asserts that the nation is not defending the value of the naira with its foreign reserves.

He made this known on Wednesday in Washington, DC, where he is attending the International Monetary Fund-World Bank Spring Meetings.

Cardoso said $600 million came into Nigeria’s reserves account within the last two days.

The naira has appreciated against the dollar in recent weeks, gaining over 40%, from about N1,900/$ to about N1,000/$1 now. But while the naira rebound, Nigeria’s foreign reserves are dwindling, dropping to about $32.29 billion on April 15 — the lowest level in over six years.

Cardoso said, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where for example, debt is due and certain payments need to be made because that is also part of keeping your credibility.

“Other times money comes in, it takes it up again. Between yesterday and today, about $600 million came into the reserves account. We are looking towards a market that operates by itself, willing buyers, willing sellers and price discovery.

“The shift in our reserves has really little or nothing to do with defending naira and that is certainly not our objective.”

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