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Cash scarcity hits bank customers, businesses in Kogi

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Cash crunch has hit Lokoja, the Kogi capital, crippling most businesses and making life miserable for residents.

The News Agency of Nigeria (NAN) correspondent, who monitored the development in the area, on Wednesday, reports that most banks were out of cash, leaving their customers stranded.

At the First Bank and Access Bank, customers were limited to N40,000 and N5,000 cash withdrawals, respectively, over the counter.

Other banks, such as GTB, UBA, Zenith, Union Bank, and Eco Bank were paying between N10,000 and N20,000 only over the counter.

Cashiers at the counters told desparate and angry customers that the banks had no cash to pay.

“The cash we got from the Central Bank of Nigeria’s (CBN) today is very small.

“We have no option than to spread the amount across our branches in the state,” a bank official said on the condition of anonymity.

According to him, customers no longer come to the bank to make cash deposits.

He said that the situation had negatively affected banking business in the state.

“As you can see, no customer is paying huge sum in cash as deposit.

“Many customers in the banking hall are here to withdraw cash but we don’t have cash,” the official said.

Some business owners that depend largely on cash for their daily activities seem to be worse hit by the development.

The Manager of a restaurant in the city, Mrs Janet Adejor, who was seen in one of the banks brooding over the development, wondered how she could cope without cash.

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Adejor said that she wanted to go to vegetable market but expressed worry that it would be difficult for her to make purchases without cash.

“This government needs to do something drastic about this cash crunch before these banks run down our businesses.

“We can’t stand this cash crunch again. We suffered this during the administration of former President Muhamadu Buhari,” she said.

A civil servant, Alhaji Anmed Bello, expressed displeasure over the situation, describing it as “a deliberate policy, targeted at poor”.

Bello said that he was in the bank to withdraw some money to travel but was told that there was no cash.

He asked in frustration, “Where do they expect me to go and get cash now?”

He appealed to the Federal Government to take urgent steps to restore normalcy to the banking sector in order to save small businesses from total collapse. (NAN)

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Eid-el-Fitr: Unity, Prayers Key to Security – Matawalle

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As Muslims in Nigeria and around the world celebrate Eid-el-Fitr, marking the end of the holy month of Ramadan, the Honourable Minister of State for Defence, Dr Bello Matawalle,
urged Nigerians to continue supporting and praying for the military, noting that the Federal Government has made significant strides in combating insurgency and insecurity since President Bola Ahmed Tinubu took office.

has praised the resilience and dedication of the country’s Armed Forces and security agencies.

In a statement issued by his Special Assistant on Media, Ahmed Dan-Wudil, Dr Matawalle commended the tireless efforts of security personnel in safeguarding the nation.

He urged Nigerians to continue supporting and praying for the military, noting that the Federal Government has made significant strides in combating insurgency and insecurity since President Bola Ahmed Tinubu took office.

While acknowledging that security challenges have not been entirely eradicated, the minister expressed confidence in the administration’s achievements, rating its performance in tackling insecurity at 9 out of 10. He assured Nigerians that, by the end of the year, the country would be “99 per cent free from insecurity, by God’s grace.”

“As we celebrate today, let us remember the families of our fallen heroes—those who have paid the supreme price in defending our sovereignty. Their sacrifices shall never be in vain,” he said. “We remain committed to ensuring the welfare of our troops and their loved ones, as well as strengthening our military capabilities to address security challenges effectively.”

Dr Matawalle reiterated the Federal Government’s unwavering commitment to national security, economic growth, and social development.

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He highlighted ongoing efforts to combat terrorism, insurgency, banditry, and other criminal activities through enhanced military operations, strategic partnerships, and intelligence-driven approaches.

However, he stressed that security is not the sole responsibility of the government and security forces, but a collective duty of all citizens.

He urged community leaders, religious scholars, and traditional rulers to work closely with security agencies by providing timely information and fostering peace.

“Eid-el-Fitr is a time of love, kindness, and reconciliation,” he said. “Let us use this period to strengthen the bonds of brotherhood, forgive one another, and embrace the spirit of tolerance and understanding.”

The minister also called on Nigerians to extend a helping hand to the less privileged, including orphans and widows, emphasising that the true essence of Eid lies in sharing and caring for others.

“As we mark this special day, I pray that Almighty Allah accepts our fasting, prayers, and good deeds. May He grant us peace, prosperity, and continued progress as a nation. May He protect our gallant Armed Forces, bless their efforts, and reward them abundantly for their sacrifices.

“Eid Mubarak to you all! May this celebration bring renewed hope, joy, and divine blessings to our homes and communities.”

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Politics

SSAP-SDGs Felicitates with Muslims on Eid-el-Fitr, Calls for Unity and Sustainable Development

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The Senior Special Assistant to the President on Sustainable Development Goals (SSAP-SDGs), Princess Adejoke Orelope-Adefulire, has extended heartfelt greetings to Muslims across Nigeria and beyond as they celebrate Eid-el-Fitr, marking the successful conclusion of the holy month of Ramadan.

In a statement released in Abuja in her behalf by her Special Assistant on Media, Publicity and Strategic Communications, Desmond Utomwen, the SSAP-SDGs emphasized the significance of Eid-el-Fitr as a time for gratitude, reflection, and unity. She highlighted the values of compassion, generosity, and solidarity, which define the season and align with the principles of sustainable development.

“Eid-el-Fitr is not only a period of celebration but also a moment for renewed commitment to building a more inclusive, just, and sustainable society where no one is left behind. The teachings of Ramadan inspire us to uphold peace, unity, and selflessness. These are values that are essential to achieving the Sustainable Development Goals (SDGs),” she stated.

Princess Orelope-Adefulire called on Nigerians to use the occasion to promote harmony, foster mutual understanding, and work together in addressing socio-economic challenges. She reiterated the government’s commitment to accelerating progress on key SDGs targets, including poverty eradication, access to quality education, gender equality, and economic empowerment.

“As we mark this joyous occasion, let us remember those in need and extend kindness to the less privileged. Together, through collective action and a shared vision, we can advance sustainable development and create a better future for all,” she added.

The SSAP-SDGs concluded by wishing all Muslims a peaceful and blessed Eid celebration, urging them to continue embodying the virtues of Ramadan in their daily lives.

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Recall election costlier than constituency election – INEC

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The Independent National Electoral Commission (INEC) says it is more expensive to conduct a recall election than a constituency election.

Special Adviser to INEC Chairman, Mohammed Kunna, made this statement during an online discussion on “INEC Regulation and Guidelines for Recall 2024.” The discussion also covered BVAS and IREV: Facts and Myths.

The event was held on Saturday via the X social media platform.

Kunna explained that conducting a recall election was similar to conducting three constituency elections.

“Once a petition is received and verified to meet legal requirements, INEC must first conduct a verification exercise at the affected polling units.

“For that verification to happen, we have to use the Bi-Modal Voter Verification System (BVAS) because those who signed the petition must be verified as genuine registered voters in those units.

“Then, INEC needs to establish 50 per cent plus one signature from the constituency.

“After that, we proceed to the final stage: conducting the referendum, which involves a yes or no vote by registered voters in the constituency,” Kunna said.

He added that this process involved mobilising staff, deploying election materials, transportation, and other resources, much like conducting three senatorial district elections.

“In my opinion, the recall process is much more expensive than conducting a single senatorial district election,” he said.

The Chief Press Secretary to INEC Chairman, Mr Rotimi Oyekanmi, acknowledged the high cost but emphasised that INEC must adhere to the law.

“What is important is what the law says we should do in each case if constituents wish to recall their representatives,” Oyekanmi said.

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Earlier, Oyekanmi explained that INEC’s regulations and the Electoral Act specified the process for conducting a recall election.

“The law allows a recall election only if the petitioners meet constitutional requirements, including submitting signatures from at least half of the registered voters in the constituency.

“Once the petition is received, INEC performs a preliminary check and then verifies the signatures.

“The lawmaker facing recall is informed and has the right to deploy agents to observe the process.

“Observers and media personnel can also participate in the verification and referendum,” he said.

Oyekanmi also addressed the possibility of online voting, stating that the Constitution did not permit INEC to conduct electronic voting.(NAN)

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