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#OccupyLekki: It’s Better To Have Protesters Than Bandits With AK-47, Set Protesters Free — Adamu Garba

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Former presidential aspirant, Adamu Garba, has urged the men of the Nigeria Police Force to release all protesters arrested on Saturday at the Lekki Tollgate in Lagos State.

Garba, who said it was better to have peaceful protesters than AK-47-wielding bandits, stressed that the arrested #OccupyLekki protesters have the right to seek justice for all victims of the October 20, 2020 incident which eyewitnesses claimed security forces opened fire on #EndSARS protesters.

He tweeted, “In as much as the #EndSARS protesters are not blocking the way for other citizens to move along the #Lekkitollgate, the law permits them the right to peaceful protest. After all, that is a tenet of democracy that we practice. All arrested protesters should be released immediately.”

Continuing, Garba wrote, “When will we ever learn in Nigeria? Is it not better for people to express themselves in a protest than hide behind any extreme motive to seek justice? I would rather have a peaceful protester than a bandit with AK-47.

“If #EndSARS protesters promise to be peaceful, let them be. If for any reason, an iota of violence is detected from them, the authorities should quickly mobilize and disperse them.

“But as long as protesters claimed to be peaceful, we should give them their right to protest and protect them against possible hoodlums hijacking the protest.”

It was reported that the Lagos State Judicial Panel of Inquiry probing the alleged killing of #EndSARS protesters by soldiers at the Lekki toll gate, decided to hand over the tollgate back to its operators, Lekki Concession Company, after forensic experts submitted their report on the October 20, 2020 incident.

Four members of the panel including a youth representative, Rinu Oduala, faulted the decision of the panel but the chairman of the panel, retired Justice Doris Okuwobi, and four other members of the panel acceded to LCC’s request to repossess the toll gate.

Subsequently, hashtags such as #OccupyLekkiTollgate and counter-protest hashtags such as #DefendLagos and #DemNoBornYourPapaWell trended online.

While the #DefendLagos campaigners shelved their planned counter-protest, the # OccupyLekkiTollgate campaigners defied the orders of the Federal Government, the Lagos State Government, and the Nigeria Police Force that there should be no protest at the Lekki toll gate area or any part of the state.

About 30 #OccupyLekki protesters including popular comedian Debo Adebayo, also known as Mr Macaroni, were arrested on Saturday.

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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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