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Amnesty International Warns South African Authorities To Stop ‘Fuelling Xenophobia’

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Human rights organisation, under the aegis of  Amnesty International has called on South African authorities to urgently address the escalating attacks on Nigerians and other foreigners living in the country.

Mr Shenilla Mohamed, the Executive Director of the organisation in South Africa, made the call while faulting the government’s attitude to the crisis.

The Director’s  criticism comes amid the series of condemnation that has trailed the xenophobic attacks targeted at Nigerians and citizens of other countries in South Africa.

Mohamed,  on Wednesday  in a statement submitted, “South African authorities must stop fuelling xenophobia in their desperate attempt to win political support”.

“Rather, they must build a country that is rooted in respect for human rights and the rule of law that protects everyone.

“South African authorities must come up with a security plan to ensure the safety of all refugees and migrants and seek to end these attacks once and for all. That begins with holding suspected perpetrators of past xenophobic crimes to account and breaking this cycle of impunity.”

He declared that  ongoing attacks against refugees, asylum seekers and migrants, as well as looting of foreign-owned shops in South Africa is a direct consequence of years of impunity.

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He also blamed it on the failure in the country’s criminal justice system that has left vulnerable group exposed and unprotected.

The executive director noted that five people have been confirmed dead as violence between locals and foreigners continued to escalate in Johannesburg and other parts of South Africa.

“South African authorities cannot say that they didn’t see this rampant violence coming. For many years refugees, asylum seekers and migrants have been targeted for who they are and what they look like.

“They have also served as convenient scapegoats for unscrupulous politicians who have pushed the insidious narrative that foreign nationals have stolen jobs and are to blame for everything that is going wrong in the country.”

Mohamed further recalled that the first major outbreak of xenophobic attacks in South Africa witnessed more than 11 years ago resulted in the killing of more than 60 people.

He wondered why such crisis was not seen as a wake-up call for the authorities to root out hatred against refugees and migrants and hold those responsible to account.

“Their lack of action has resulted in the subsequent and recurring attacks we’ve seen,” the executive director decried.

Condemning the recent attacks, he noted that South Africa has been experiencing systematic looting and burning of businesses belonging to foreign nationals, largely in Pretoria and Johannesburg for weeks.

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Mohamed insisted that businesses belonging to Nigerians and other foreign nationals have been targeted in the two cities, with stock and possessions worth millions burnt to ashes.

He said the violence dramatically escalated last week following confrontations between locals and foreigners, marked by horrific attacks and killings.

The executive director insisted that the South African government has largely failed to address past xenophobic, violent outbreaks across the country.

 

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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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Dangote Slashes Diesel Price Amidst Economic Optimism

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Dangote Petroleum Refinery has made headlines by announcing a further reduction in the price of diesel, dropping it from ₦1200 to ₦1000 naira per litre.

The refinery’s decision comes on the heels of its recent supply at a significantly reduced price of ₦1200 per litre, which was introduced three weeks ago, signifying a remarkable 30 per cent decrease from the previous market price of approximately ₦1600 per litre.

This substantial reduction in diesel prices at Dangote Petroleum Refinery is expected to reiterate positively throughout various sectors of the economy, potentially serving as a catalyst in alleviating the persistently high inflation rate in the country.

In a statement last week, Aliko Dangote, Africa’s wealthiest individual and the owner of the refinery, expressed his optimism regarding the potential impact of the price reduction on inflation in Nigeria.

“I believe that we are on the right track. I believe Nigerians have been patient, and I also believe that a lot of goodies will now come through. There’s quite a lot of improvement because if you look at it, one of the major issues that we’ve had was the naira devaluation that has gone very aggressively up to about ₦1900,” he remarked.

As anticipation builds around the implications of this move by Dangote Petroleum Refinery, stakeholders and consumers alike remain hopeful for the positive effects it could bring to the Nigerian economy in the coming months.

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