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Oyo cautions property owners, developers on illegal task force.

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THE Oyo State Government has cautioned property owners in the state to beware of fraudulent individuals parading themselves and extorting money as government Task Force members, saying that adequate measures are being taken to checkmate this worrisome activity.

The government said that its representatives are equipped with relevant documents and identification to distinguish them as genuine government officials and they do not have the mandate to request or extort money from individuals or groups’ property owners.

The Director General of the Bureau of Physical Planning and Development Control, Tpl Waheed Gbadamosi, who gave this charge on Wednesday in Ibadan, explained that it has come to the notice of the State Government that some people are moving about parading themselves as the Government Task Force and extorting money from members of the public if they cannot provide documents requested from them.

He noted that the Government’s Task Force Team are only mandated to check for necessary documents from property owners and they do not have the right to request for money.

Tpl Gbadamosi therefore appealed to members of the public to beware of these fraudulent individuals, urging that they should visit the Bureau of Physical Planning and Development Control for more Information if they are in doubt of the identity and veracity of the people that visit them.

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Also, the government has assured that it will continue to synergize with the Federal Road Safety Commission (FRSC), noting that the agency is critical to the ongoing infrastructural development in the state.

Receiving the new sector command of FRSC, Oyo Sector Commander, Corps Commander Cecilia Alao in his office on Wednesday, the State Head of Service, Mr. Soji Eniade explained that the ongoing infrastructural development is geared towards safety of lives and properties, saying that the government will improve on the relationship between the commission and the state government to sustain the positive development in the state.

Eniade disclosed further that Oyo state has been playing a very important role in the area of Special Marshal Corps in which notable personalities of the state are active members, urging that the corps should intensify efforts on the area of advocacy to enlighten citizens on the rules and regulations regarding road safety.

He therefore enjoined FRSC to re-introduce the road safety Clubs in Secondary Schools and higher Institutions in order to enhance understanding of road safety ethics.

Earlier, the sector Commander of FRSC, Corps Commander Cecilia Alao hinted that the purpose of the visit was to familiarize with the state government and seek more collaboration to enlighten people on road safety.

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She noted that safety on roads is a collective responsibility that requires the support and efforts of all and sundry.

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Ex-NCC Chair, Akande extols Senator Sarafadeen Ali on his 61st birthday

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Former Chairman of the Nigerian Communications Commission (NCC), Prof. Adeolu Akande, has extended warm felicitations to Barrister Sarafadeen Ali, the Senator representing Oyo South Senatorial district, on the occasion of his 61st birthday.

In a statement released on Saturday in Ibadan, the Oyo state capital, on Saturday, Akande lauded the lawmaker, describing him as a luminary whose life has been marked by distinguished service to the nation.

“Today, I join the world in celebrating you on your special day, as you mark 61 years of God’s abundant love and glorious impact on humanity,” the former NCC gaffer expressed.

He added, “I wish you many more years of God’s grace in your life.”

 

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Labour union protests Heritage Bank’s dismissal of 1,000 workers

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The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.

The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.

Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.

He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.

“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.

 

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Nigeria not using foreign reserves to defend naira, says CBN governor

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CBN governor

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.

Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.

While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.

Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.

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

Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.

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

 

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