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Naira depreciates further as dollar sales to BDCs wobble

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By Kayode Sanni-Arewa

The declining fortunes of the Naira persisted on Wednesday with further depreciation in the parallel and official markets due to the re-emergence of speculation and hoarding, even as some Bureaux De Change, BDCs withdrew from the Central Bank of Nigeria, CBN’s, dollar sales program.

Vanguard also learnt that despite the sustained nationwide raids and arrest of street currency hawkers, the Naira further depreciated yesterday to N1,435 per dollar in the parallel market, from N1,415 per dollar on Tuesday, and also depreciated to N1,421.06 per dollar in the Nigerian Foreign Exchange Market, NAFEM.

Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,421.06 per dollar from N1,416.57 per dollar on Tuesday, indicating N4.49 depreciation for the naira.

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Consequently, the margin between the parallel market and NAFEM rates widened to N13.94 per dollar from N1.57 per dollar on Tuesday

In a bid to intervene in the retail segment of the forex market, the CBN in February resumed dollar sales to BDCs. Since then the apex bank has held three editions of the dollar. At the last edition, the CBN offered to sell $10,000 per BDCs at directing them to sell at the maximum margin of 1.5 per cent

BDC operators however complained dollar disbursement from CBN is too slow that and takes three to four weeks between when they make payment and when the dollars are disbursed to them.

Vanguard reliably gathered that as a result of this delay and the uncertainty in the forex market, some BDCs, have asked the CBN to refund their Naira payment.

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Top BDC operators who confirmed this development to Vanguard under the condition of anonymity said that some of the BDCs that asked for refunds have gotten their money.

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Banditry! Police Officer feared K!lled As Gunmen Attack Lawmaker’s Convoy in Abia State

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By Kayode Sanni-Arewa

A policeman attached to the member representing Isialangwa North and South Federal Constituency of Abia State, Hon. Ginger Onwusibe has been feared dead.

The incident happened around 9pm at Ubakala Umuahia South.

According to a police source, gunmen dressed in black and wearing police-style armor jackets had blocked the convoy of the House of Representatives member with a Toyota Corolla.

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The lawmaker was not in the vehicle when the incident happened but at least two police officers and a driver were in the vehicle.

The gunmen opened fire on the escorts after they identified themselves as police officers.

In the process, a police officer was killed, while another officer was injured. The attackers fled the scene, and the police station at Ubakala responded with gunfire.

Attempts to contact the Abia State Police Command’s Public Relations Officer (PPRO) was unsuccessful. Police sources said officers of the command are on the trail of the suspects it believes are kidnappers.

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Kwankwaso cries out, says there are plots to colonise north

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By Kayode Sanni-Arewa

The presidential candidate of the New Nigeria Peoples Party (NNPP) in the 2023 election and leader of the Kwankwasiyya Movement, Senator Rabiu Musa Kwankwaso, has alleged plans from Lagos to colonise the northern region.

Kwankwaso, who made the allegation while delivering a speech during the convocation ceremony of Skyline University, Kano, also claimed that Lagos has been on the way to the issue of emirates tussle in Kano State.

Kwankwaso, a former governor of Kano State, also lamented the avalanche of challenges bedeviling the North, including economic crisis, insecurity, poverty, hunger and different kinds of diseases, saying the situation is not good for the country.

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Kwankwaso said, “Let me note our situation here in Kano and indeed northern Nigeria. The emir is just being a stooge at this very difficult time, especially in this part of the country (northern Nigeria).

“Today, we can see very clearly that there is a lot of efforts from the Lagos axis to colonize this part of the country. Today, Lagos wouldn’t allow us to choose an emir, Lagos has to come to the centre of Kano to put their own emir.”

Kwankwaso also spoke on tax collection, saying, “Today, we are aware that the Lagos young men are working so hard to impose taxes and take away our taxes from Kano and this part of the country to Lagos.

“Today, as we have seen, even the telephones that we make or register here in Kano, efforts are there to take all the taxes to Lagos.

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“Even our sons and daughters who have brought factories many of them here in Kano and northern Nigeria and even banks, somehow, they are forced to take their headquarters to Lagos because taxes will now have to go to Lagos.”

The former Kano governor also spoke on the disparity between the rich and the poor saying, “We have seen the efforts of some people to make the poor poorer and the rich richer and I believe this is more dangerous.”

Kwankwaso therefore called on the lawmakers from the northern part of the country to wake up and make sure the region is not cheated in any way.

“At this moment, I would like to call all our National Assembly members to keep their eyes open so that they don’t do anything that would cheat the people of northern Nigeria, especially here, Kano.

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“We are witnesses to what happened during the first term, 1999 to 2000, where our members of the National Assembly were bribed, were treated into collecting huge sums of money to support offshore in this country. That law put a huge blow into our economy not only here in northern Nigeria but all other states.”

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SAD! Ex-DG NIA, Amb Zakari, dies at 81

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By Kayode Sanni-Arewa

Ex-Director General of the Nigerian Intelligence Agency (NIA), Ambassador Zakari Ibrahim, has died at the age of 81.

A statement issued by the family of the deceased said he died in Abuja after a brief illness.

The late Talban Katsina was buried at Dantakun Cemetery, Katsina, after a funeral prayer held at the Katsina Emir’s palace at 4:45 pm.

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Governor Dikko Radda, his chief of staff, Jabiru Tsauri and other government officials attended the funeral prayer.

Also in attendance was the emir of Katsina, Dr Abdulmumini Kabir Usman, his district heads and other title holders, amongst whom was the immediate past DG NIA, Sardaunan Katsina, Ambassador Abubakar Ahmed.

Radda, has expressed profound grief over the passing of the late diplomat, describing him as an illustrious son of Katsina who served Nigeria with distinction in various capacities, including as Director General of NIA, Deputy National Security Adviser, and Minister of State for Foreign Affairs.

“The passing of Ambassador Zakari Ibrahim represents an irreparable loss not only to Katsina State but to Nigeria as a whole,” Governor Radda stated in a statement by his Chief Press Secretary, Ibrahim Kaula Mohammed.

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“His remarkable contributions to national security and diplomacy have left an indelible mark on our nation’s history.”

The Governor highlighted the deceased’s dedication to public service and his role in elevating Katsina State’s standing in national affairs.

“As Talban Katsina, Ambassador Ibrahim exemplified the noble values of our traditional institution and served as a bridge between tradition and modern governance.”

Governor Radda extends heartfelt condolences to the family of the deceased, the Katsina Emirate Council, and the entire people of Katsina State.

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He prayed for Allah (SWT) to grant the departed soul Al-jannatul Fridaus and give the family the fortitude to bear this monumental loss.

‘He was a gem of inestimable value’ – Dujiman Katsina

The Chairman, House of Representatives Committee on Interior, Hon. Abdullahi Aliyu Ahmed, Dujiman Katsina, expressed deep sorrow over the demise of Talban Katsina.

Ahmed, who represents Musawa/Matazu Federal Constituency, said the late Talban Katsina has contributed tremendously to the development of the nation’s security architecture during his lifetime as the Director-General NIA and National Counter-terrorism Coordinator.

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According to a statement issued by his Special Assistant on Media, Sardauna Francis, the lawmaker received the news of the passing of Ambassador Zakari Ibrahim, Talban Katsina, with profound sadness and grief, saying he was a gem of inestimable value who contributed to peace-building in Nigeria.

He described the late ambassador as a gem of inestimable value and formidable pillar whose contributions to peace and tranquility of the country remains.

Dujiman Katsina extend his heartfelt condolences to the Katsina Emirate Council, particularly the Emir, Dr. Abdulmumini Kabir Usman over the colossal loss.

According to the fifth Wazirin Katsina Prof. Abubakar Sani Lugga, in his books, the great province and Dikko Dynasty, as extracted by Alhaji Musa Gambo Kofar soro, late Ambassador Zakari was born in Katsina on 15th March, 1943 into the family of the famous warrior Iyan Katsina ZAKARI ( his grand father)

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His father was a famous Middle School Head Master and later Iyan Katsina and Talban Katsina Alhaji Ibrahim Mashi.

He had his secondary Education at Provincial Secondary School Katsina (1957-62) and got his Bachelor’s degree at Bayero University Kano (1969-72). He obtained a Diploma in Education Administration from the University of Birmingham (1973-74) and a Masters degree from the University of Sheffield (1974-1975).

Following the foot steps of his late father, he rose to become a principal in several Secondary Schools in former Kaduna State, before joining the Civil Service in 1980.

He was a one-time Nigerian Ambassador to Niger Republic from 1987 to 1990. He was appointed the Minister of State for Foreign Affairs and National Coordinator of the Annual Holy Pilgrimage to Mecca in 1990.

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He was the Deputy National Security Advisor and later Head of the National Intelligence Agency up to 1999 when he retired from the Civil Service. He succeeded his late father Alhaji Ibrahim, as The Talban Katsina.

He was a recipient of several national and International honours and awards including a Doctorate Degree from the Usmanu Danfodio University Sokoto, and a Medal of the Commander of the order of the Niger (CON). He was a silent philanthropist who assisted persons and communities,. He was a founding member and Grand Patron of the Katsina Islamic Foundation, promoters of the Katsina Islamic University Project.

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