News
Retired General Behind CBN Naira Swap, Was The One Who Forced Tambuwal To Step Down For Atiku
According to a news that was published by The Nation Newspaper online this morning, it was reported that the hardships, caused by the scarcity of the new naira notes are not mere happenstance, as some people have asked Nigerians to bear with the government and the Central Bank of Nigeria (CBN), saying that the shortage of the notes is a temporary setback, and that the gains, when they manifest, will reinvigorate the economy.
A source, who spoke to The Nation correspondent, under the condition of anonymity said that, a retired military general, is behind the Naira swap policy, in order to pave a smooth way for Atiku’s emergence.
While the source was talking, he made it known that for Alhaji Atiku Abubakar to emerge as the PDP’s presidential candidate, the General played a behind the scene role, as he mobilised delegates and mounted pressure on other Northern aspirants to withdraw from the race and that the withdrawal of Sokoto State Governor Aminu Tambuwal from the primary election, after it kicked off was due to the pressure from the General, and not a deliberate decision.
The source said, “A retired general behind CBN Naira swap, was the one who forced Tambuwal to step down for Atiku. He is closer to Buhari but, since Tinubu won the APC primary election, he wants power to remain in the North.”
He source further said that Atiku and some other PDP bigwigs, have not been criticizing the Naira scarcity because, they are the ones behind it.
Another explosion occurred at a pipeline manifold in the Omwawriwa area of Ogba-Egbema-Ndoni Local Government Area of Rivers State on Tuesday.
This incident follows a similar explosion that shook the Trans Niger Pipeline, operated by Shell, in Bodo, Gokana Local Government Area just hours earlier.
The latest explosion reportedly took place at a manifold connected to a federal pipeline deep within the forest, which transports crude oil to Brass in Bayelsa State.
While the explosion has not yet been officially confirmed, community sources reported seeing massive flames and thick smoke rising from the oil installation in the forest.
Grace Iringe-Koko, the spokesperson for the Rivers State Police Command, stated that she would investigate the incident but had not provided a response at the time of this report.
A video obtained by our correspondent displays a large fire burning in a remote location.
In a separate development, Ijaw youths blocked the Ahoada section of the East-West Road leading to Bayelsa State on Tuesday in protest.
The demonstrators, numbering over 100, carried placards in solidarity with Rivers State Governor Siminalayi Fubara amid his political dispute with the state House of Assembly. Some of the placards read: “We demand Wike’s dismissal as FCT Minister” and “Martin Amaewhule and 26 lawmakers have defected and lost their seats.
The House of Representatives on Tuesday passed the four tax reform bills transmitted to the National Assembly in October 2024 by President Bola Tinubu.
Recall that the House had on Thursday last week, considered and approved the report of the House Committee on Finance which made some recommendations, particularly in controversial areas such as the Value Added Tax and inheritance tax.
While awaiting the Senate to similarly pass the bills, the proposed reforms are expected to be transmitted to the President for his assent in the days ahead.
Details shortly…
Two members of the house of representatives have defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC).
Tajudeen Abbas, speaker of the house, announced the defections in a letter read on the floor of the lower legislative chamber on Tuesday.
More to follow…