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Oyo charges Egungun not to renege on peaceful conduct
The Oyo State Government has appealed to the custodians of the Egungun festival in the state not to renege on their promise of celebrating a festival devoid of violence and hooliganism.
The government said that peace, security and safety has been consistently at the fore during the series of stakeholders’ meetings involving heads of masquerades across the state (the Olori Alaagba), the Aare Isese from all the geographical zones of Oyo State and custodians of the masquerades with government officials at the Ministry of information, Culture and Tourism, saying that representatives of the government’s security department have always been in attendance at such meetings preceding the 2018 Egungun season.
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The government in a joint statement by the State Commissioner for Information, Culture and Tourism, Mr. Toye Arulogun and the Special Adviser to Governor Ajimobi on Community Relations, Alhaji Bidemi Siyanbade stated that another stakeholder meeting will be held on Wednesday, June 20 at 12 noon to further deliberate and consolidate the modalities and conduct of Masquerades during the 2018 Egungun Festival to give it the prominence it deserves and promote its rich cultural values and tourism potentials.
The government disclosed that 23 out of the 27 Egunguns in the state have signed a non-violence pact with the Oyo State Police Command, stressing that it has also secured the commitment and readiness of the security agencies in the state to maintain peace, law and order during the period of the Egungun festival.
The government commended the Olubadan of Ibadanland, Oba Saliu Adetunji for keying into the Governor Abiola Ajimobi peace initiative during the festival with his admonition to the custodians of the Masquerades (Egungun) to maintain peace and order, urging that Masquerades should curb the excesses of their followers as promised during the meetings with the state government officials.
The government called on the Masquerades to celebrate the 2018 Egungun festival in the age long norms and traditions of the Egungun Festival albeit in a non-violent manner.
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.
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.
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.”
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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