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Ramadan: Tinubu urges affluent Nigerians to help indigents

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President Bola Tinubu has urged wealthy individuals to assist the indigents in the society to alleviate their suffering particularly during the Ramadan fast.

Tinubu made the call on Sunday in Kano while inaugurating the distribution of 140 truck-loads of rice donated by Sen. Abdullahi Yari in honor of the president.

Represented by his Senior Special Assistant on Print Media, Abdulaziz Abdulaziz, Tinubu commended the gesture.

He said that it was aimed at supporting individuals who were in need at this critical time.

“All over the world, leadership belongs to more than one person. There is need to always help the vulnerable in society.

“Let us come together, unite as a country and forge ahead for a better Nigeria,” he said.

Tinubu commended Yari for donating the 140 trucks of rice labelled with his name and picture for distribution to the less-privileged.

He also said that the commodity would go along way in easing the hardship faced by many at this time.

The president, however, called on Nigerians to pray for the unity, peace and progress of the country during the holy month of Ramadan.

Earlier, the representative of Yari, Dr Abubakar Danburam, said the 140 trucks contained 50kg of 84,000 bags of rice.

Danburam revealed that it would be distributed to at least 500,000 households in the North.

He said that the gesture was to complement Tinubu’s efforts of supporting the needy and other vulnerables in the society.

Yari enjoined Nigerians to pray for relief from the economic challenges bedeviling the nation.

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Nigeria’s foreign exchange reserves surge by 5% to $33.58bn

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Nigeria’s foreign exchange reserves increased by 5 percent to $33.58 billion in the last two months.

This is according to the Central Bank of Nigeria, CBN’s latest FX data as of June 19, 2024.

Accordingly, the foreign exchange reserves figure represents a $1.47 billion increase compared to $32.11 billion on April 19, 2024.

The Monetary Policy Committee, MPC during its 295th meeting reiterated its commitment to boosting Nigeria’s external reserves.

“The Committee also noted the marginal increase in the external reserve balance between March and April 2024 and urged the Bank to sustain its focus on accretion to reserves”, reads in part.

Recall that the Nigerian government received $925 million from Afrieximbank barely two weeks ago as the $3.3 billion crude oil-backed prepayment facility organized by the Nigerian National Petroleum Company Limited.

Meanwhile, despite the increase in the country’s foreign reserves, Naira depreciated N1485.36 for the second consecutive time against the dollar on Thursday.

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Ondo Govt breaks silence after court declared 33 LCDAs illegal

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Following the judgment of an Ondo State High Court which declared the creation of the 33 Local Council Development Areas, LCDAs, as unconstitutional, the state government has stated that it is studying the judgement.

The Attorney-General and Commissioner for Justice in the state, Kayode Ajulo, in a statement on Friday, said the state government would duly analyze the judgement, adding that the rule of law would be followed.

The late former Governor Oluwarotimi Akeredolu created the LCDAs in 2023.

But in his judgement on Thursday, Justice A.O. Adebusuoye stated that the LCDAs were not lawfully created.

According to Ajulo, the Certified True Copy (CTC) of the judgement has been requested and will be studied accordingly.

“All necessary measures, in accordance with our laws, will be taken to safeguard the interests of our citizens, foster peaceful coexistence, and uphold the rule of law.

“The Honourable Attorney General remains steadfast in his commitment to prioritising the well-being and welfare of our citizens, working tirelessly to ensure that justice and the law are served.”

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Nigeria Customs generates N249b within 5 months in Rivers

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The Nigeria Customs Service, Area 2 Command, Onne in Rivers, said it has generated more than N249 billion as at May, 2024 representing 40.3 per cent of its current annual revenue target.

Comptroller of the command, Muhammed Babandede, made the disclosure while briefing newsmen at Onne.

According to him, the 40.3 per cent revenue record followed a recent review of the command’s annual revenue target from N494 billion to N618 billion.

The comptroller noted that when compared to the same period in 2023, the command had recorded an increase of more than N153 billion.

He also said that six containers laden with codeine, contraband drugs and goods valued at more than N3 billion were also confiscated within the period under review.

He said that the seizures included four containers laden with bales of clothing, lace and fabrics with a Duty Paid Value (DPV) of more than N911 million.

Others, the controller said, were two containers laden with 2,625 cartons of codeine syrup among other contraband valued at more than N2 billion.

Babandede commended the National Drug Law Enforcement Agency (NDLEA) for inter-agency collaboration while also assuring adequate handover of seizures.

He also emphasised that the command would not relent on its core function of trade facilitation which entailed streamlined and simplified technical and legal procedures for clearing import or export goods.

On the operations of bonded terminals, the comptroller explained that the final destination for clearing of consignment was at the importer’s discretion.

“These procedures are guide which all Customs officers must adhere to.

“This negates the erroneous belief that officers of the Onne command connive with operators of Bonded Terminals to transfer containers,” he said.

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