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Oyo Lg Boss Denies Kidnapping Allegation

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THE Caretaker Chairman of Ibadan Southeast Local Government area of Oyo state, Hon. Teslim Ajimobi has denied an allegation of involvement in a kidnap saga. 

According to the council gaffer, Teslim, the story linking him to an alleged kidnap upon which a Hausa auto dealer in Sabo, named Danladi, petitioned the police, causing his arrest and detention for six hours, was entire falsehood, cooked up by elements seeking to cause needless panic and confusion among Ibadan residents.

He urged his supporters to disregard the entire story as false, malicious, unwarranted, stressing that it was a targeted attempt meant to bring his name into disrepute. Speaking further, brother to governor Abiola Ajimobi, Teslim maintained he had not been to any police station in the last one year, not to imagine being released by one anti-kidnap police squad after 6 hours for partaking in a supposed kidnap saga.

Refreshing your memory, the story which was broken on an online medium two days ago alleged the governor’s brother was arrested after a petition by one Danladi who claimed to have been threatened by Teslim that he (Danladi) would be dealt with.

On why he could be alleged of such involvement, the All Progressives Congress (APC) chieftain said, “I am a politician. It must be a design by one of those seeking my fall. But this one seems a joke carried too far”.

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“I hereby state categorically that I have never been involved in any crime in my life, whether kidnap or any other one. While I admit I know Danladi, being a friend of my younger brother,  I am not aware of any kidnap attempt on him by anyone, least of all by me! As Caretaker chairman of Ibadan Southeast Local Government, I have been discharging the duties of the office without any fear or let.

“My attention was drawn to the story which had been circulating on an online medium by a friend who had read same. At first, I did not understand it, not because of the language,  but the fact that I was actually deep into some discussion when my attention was drawn to it, and could therefore not fathom how such a character could be me.

“In the past four or five weeks, there has not been any single day I have not been in the office. I have been engaged most often by issues which have to deal directly with the people of Ibadan Southeast. I cannot therefore imagine spending whole six hours in police custody. This seems the wish of the enemies. Fortunately, it is not the wish of God for me,” Ajimobi continued.

 

 

 

 

 

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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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EFCC Declares Yahaya Bello Wanted for Alleged N80.2 Billion Financial Crime

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The Economic and Financial Crimes Commission (EFCC) has declared Yahaya Bello wanted for an alleged financial crime to the tune of N80.2 billion,” Nigeria’s anti-corruption agency announced.

“Former Kogi State Governor, Yahaya Bello, is wanted by the EFCC for offences relating to economic and financial crimes to the tune of N80.2 Billion,” the EFCC stated in a Thursday evening Facebook post titled ‘Ex-Gov Yahaya Bello Wanted By the EFCC.’

“Anybody with information as to his whereabouts should report immediately to the Commission or the nearest police Station,” the statement continued.

This declaration follows the absence of the chieftain of the ruling All Progressives Congress (APC) from the Federal High Court in Abuja earlier in the day for a suit instituted against him by the EFCC.

Consequently, Justice Emeka Nwite adjourned the suit and called for substituted service and the possible arraignment of Bello for alleged money laundering.

 

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