News
Lagos community tackles Army, alleges land encroachment

Landlords and residents of Iraye, in the Eredo Local Council Development Area of Lagos State, have lamented the continued presence of soldiers in the community.
PUNCH Metro gathered that soldiers stormed the community sometime in September 2022 and started notifying residents of their intention to demolish property in the Lenuwa, Ayeni and Adeyoruwa areas.
The soldiers were said to have arrested no fewer than 10 persons, who were reportedly subjected to different forms of torture.
The Deputy Baale, Iraye-Oke, Kazeem Anwoju, while addressing journalists during a press conference on Friday in Ikeja, said the Nigerian Army did not have any land in the area.
Anwoju said, “Historically, Iraye-Oke is one of the communities that make up Epe but we are under Eredo LCDA. Soldiers came to Epe in 1970 and built their barracks there. In 1975, the soldiers left Epe and their barracks is now the LASU campus.
“But about a year ago, the soldiers returned to Epe, left their barracks and started encroaching on Iraye community land. They have been harassing and beating our people. As I speak with you, the soldiers are in Iraye community, fighting our people over our land.
“We never had any agreement with them; we are sad and we want the government and Nigerians to help us out. The Army do not have land in our community; they never bought any portion of land from us and never asked us about the land but just came suddenly and started doing what is not right on our land.”
Anwoju said efforts on getting the government to restore normalcy in the community proved abortive.
He said, “The Army arrested 10 indigenes and took them to their barracks inside the LASU campus in Epe and beat them.
“They are encroaching on our land; they came and started saying they wanted to mark houses for demolition. We don’t know why and we don’t have anything with the Army. They came to our land and started erecting pillars, claiming the land belongs to them.
“We petitioned the Lagos State Government but nothing was done; we also approached the 81 Division and what we were told was that they were posted there and that there was nothing they could do except to report to the higher authority. We have contacted the Army authorities in Abuja but got no response.”
An indigene, Gbenga Ibrahim, who was part of those arrested by the soldiers, said they were subjected to different forms of torture.
Ibrahim said, “In September 2022, I and some members of our family were working on a portion of land in the community when we suddenly saw soldiers storming the premises and started asking what we were doing on their land. The next thing was that they started beating us; they asked us to roll on the floor and do frog jumps.
“For hours, we were asked to roll on the ground and they collected all our mobile phones. They later tied our clothes together, put us inside a contractor’s truck and took us to their barracks where we were asked to do push-ups on hot granite. They later gave us cutlasses to start cutting grass until one of our uncles came to secure our release.”
The spokesperson for the Nigerian Army, 81 Division, Olaniyi Osoba, asked the community to lodge a complaint at his office.
“Some civilians encroached on some Army land but we don’t know whether theirs is part of it. But when they come, there is a committee that looks into land issues that will look into it,” he added.(PUNCH).
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JUST IN: IMF ask CBN to extend Feb 10 deadline for old naira notes

By Francesca Iwambe
The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to extend the February 10 deadline for the use of old naira notes if the difficulties in getting new notes persist.
According to the IMF, the call become necessary as the development had led to the disruptions to trade and payments due to the shortage of new noted in the bank.
The call was contained in a statement made available to journalists on Wednesday.
“In light of hardships caused by disruptions to trade and payments due to the shortage of new bank notes available to the public, in spite of measures introduced by the CBN to mitigate the challenges in the banknote swap process, the IMF encourages the CBN to consider extending the deadline, should problems persist in the next few days leading up to the February 10, 2023 deadline,” the statement reads.
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BREAKING: Supreme Court suspends February 10 deadline for naira swap

By Francesca Iwambe, Abuja
The Supreme Court of Nigeria has restrained the Central Bank of Nigeria (CBN) and Federal Government from ending the legal tender statuses of old N200, N500 and N1000 banknotes on February 10, 2023.
The apex court made the order following the suit filed by three State governments challenging the Naira swap policy.
Recall that governments of Kaduna, Zamfara and Kogi States had approached the Supreme Court seeking an order to stop the policy.
Naijablitznews.com will bring you more details shortly
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CBN captures more Communities as currency swap is continuous in Taraba

Emmanuel Awari-Jalingo
The Central Bank of Nigeria (CBN), on Friday extend her currency swap exercise to more Communities of Yorro, Ardo-Kola and Ibi local government areas of Taraba state.
The Director Financial System Strategy, Central Bank of Nigeria, Ibrahim Hassan who disclosed this to our correspondent in Jalingo said, the development was in continuation of the CBN initiative targeted at ensuring that all rural dwellers in Taraba have their old naira notes swapped to new ones or deposited in banks before the extended CBN deadline for currency swap.
Hassan noted that the currency Swap Initiative was to help save communities who do not have access to bank, swap their old naira notes to the new notes.
“Just as we have been doing to ensure that people in the rural Communities of Taraba who do not have access to Bank have their old naira notes swap to new ones. CBN delegation have been drafted to more Communities of Yorro, Ardo-Kola and Ibi local to ensure success of the initiative.
“CBN delegation for Yorro is led by Mr Jackson Imandi, the Deputy Director, the one Ardo-Kola is led by Mr. Kazeem Olatinmu while the one in Ibi local government is been led by the CBN Head of Banking Services in Taraba State, Hayatu Yahaya Shehu to ensure the villagers gain advantage of the Ten days extension for the currency swap” Hassan explained.
When contacted, the chief of Mumuye in Yorro local government, Ado Adamu Manang, that of Ibi, Abubakar Salihu Danbaw and some beneficiary of the exercise in Ardo-Kola local government, Mohammed Musa, Hafsatu Babangida and Isa Mahmud, commended the central Bank of Nigeria for the exercise as it was the best for villagers and promised to help create massive awareness for people to swap their old naira notes to the new ones.
According to them, businesses were already collapsing as people were no longer accepting the old naira notes even before the extended window.
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