Nigeria’s currency fell to a record low of N1,416 per dollar at the parallel market following strong demand amid shortage as traders hoard the available dollars.

This indicated a 15.19 percent depreciation year-on-year when compared to N1,200 at the beginning of the month.

“Some people are hoarding the dollars waiting for when the demand will be high. Again, the market is uncertain of the next action by the government, a trader who gave his name as Aliu said.

At the official foreign exchange (FX) market, naira weakened by 0.41 percent as the dollar was quoted at N882.24 on Wednesday as against N878.61 closed on Tuesday at the Nigerian Autonomous Foreign Exchange Market (NAFEM), data from the FMDQ showed.

During the intraday trading on Wednesday, currency dealers quoted one dollar at N1,313, (high) on the spot and N700 lower rate. However, the rates were stronger than N1,336.05 and N701 per dollar respectively quoted on Tuesday.

The daily foreign exchange market turnover declined marginally by 3.18 percent to $56.60 million on Wednesday from $58.46 million recorded on Tuesday.

Yemi Cardoso, the governor of the Central Bank of Nigeria, on Wednesday declared that the national currency, the naira, is currently undervalued. Speaking at the launch of the NESG 2024 Macroeconomic Outlook report, he outlined the bank’s commitment to stabilizing the currency through genuine price discovery.

Cardoso emphasized a coordinated approach with fiscal measures to expedite the process, stating, “We believe that the naira is currently undervalued, and coupled with coordinated measures on the fiscal side, we will expedite genuine price discovery in the near term. This coordinated approach will contribute to a more balanced and stable exchange rate.”

Highlighting collaborative efforts, he pointed to initiatives ensuring that all foreign exchange (FX) inflows pass through the Central Bank.

This coordinated effort, he said, would greatly enhance the bank’s FX flows and contribute to the accretion of reserves.

Cardoso attributed the expected stability in the foreign exchange market for 2024 to the reduction in petroleum products imports and the recent implementation of a market-determined exchange rate policy.

He said, “This reform is designed to streamline and unify multiple exchange rates, fostering transparency and reducing arbitrage opportunities. The resulting consistent and stable exchange rate will not only boost investor confidence but also attract foreign investment, elevating Nigeria’s appeal to global investors.”

[BusinessNg]

The social media group, Meta, has rolled out new features that will place further restrictions on how teens receive messages on Facebook and Instagram.

The company said the new measures being rolled out today build on its earlier policy restricting people above 19 from messaging teens who are not following them.

Meta said it is now turning off teens’ ability to receive DMs from anyone they do not follow or are not connected to on Instagram including other teens by default.

In addition, Meta is also making its parental controls more robust by allowing guardians to allow or deny changes in default privacy settings made by teens. Previously, when teens changed these settings, guardians got a notification, but they couldn’t take any action on them.

What Meta is saying

Announcing the new features to protect teens on its social media platforms on Thursday, Meta said:

• “To help protect teens from unwanted contact on Instagram, we restrict adults over the age of 19 from messaging teens who don’t follow them, and we limit the type and number of direct messages (DMs) people can send to someone who doesn’t follow them to one text-only message.
• “Today we’re announcing an additional step to help protect teens from unwanted contact by turning off their ability to receive DMs from anyone they don’t follow or aren’t connected to on Instagram – including other teens – by default.
• “Under this new default setting, teens can only be messaged or added to group chats by people they already follow or are connected to, helping teens and their parents feel even more confident that they won’t hear from people they don’t know in their DMs.
• “This default setting will apply to all teens under the age of 16 (or under 18 in certain countries). Those already on Instagram will see a notification at the top of their Feed letting them know we’re making these changes to their message settings.”

The company added that it is also making these changes to teens’ default settings on Messenger, where under 16s (or under 18 in certain countries) will only receive messages from Facebook friends, or people they’re connected to through phone contacts, for example.

More parental control

Meta first launched parental supervision on Instagram in March 2022 and since then has continued to add new features to help involve parents more in their teens’ online experiences.

These include the ability for parents to set time limits and schedule breaks, to understand when their teen blocks or shares they have reported someone, and to be notified when their teen changes their settings. The company is now adding more features.

“Now, parents using supervision will be prompted to approve or deny their teens’ (under 16) requests to change their default safety and privacy settings to a less strict state – rather than just being notified of the change.

For example, if a teen using supervision tries to change their account from private to public, change their Sensitive Content Control from “Less” to “Standard”, or – now – tries to change their DM settings to hear from people they’re not already following or connected to, their parent will receive a notification prompting them to approve or deny the request,” Meta said.

[Nairametrics]

President Bola Tinubu has urged the Super Eagles to improve their performance and do better in the final stages of the ongoing 2023 Africa Cup of Nations (AFCON) tournament in Cote d’Ivoire.

Tinubu’s message was conveyed to the national team through the Minister of Sports, John Enoh, who spoke to the players from Abuja via Zoom on Wednesday night.

According to Enoh, the President was not too impressed with the showing of the team during the group stage.

He said, “I had a meeting with the President yesterday. I went to the villa for something else and the President cornered me and said we (Eagles) managed to qualify and I said that’s how we are going to keep going until we win the tournament.

“He said that I should tell the players that he wasn’t too impressed with the last match but he knows that now that they are off the group stages, they are going to impress him more.

“That’s what the President told me and it means that the President is actually watching your matches. Would you believe this? And the President is urging you and also showing an understanding of the game because he knows that there is a lot of caution at the group stage and from the round of 16, you are going to be more impressive.

“I remember that in 2022 in Cameroon, Egypt as a country struggled to qualify but they went ahead to play the finals.”

Responding, team captain, Ahmed Musa, thanked the sports minister but also called on the President to come to see them play live, saying it would serve as a motivation to the players.

The Super Eagles will play the Indomitable Lions of Cameroon in the last 16 of the tournament on Saturday at the Felix Houphouet Boigny Stadium in Abidjan.

[Leadership]

British media and hospitality company, Time Out, has ranked Lagos above Melbourne, Australia; Naples, Italy; Singapore; Miami, US; Dubai, UAE; Beijing, China; Montreal, Canada among others, in its best city to visit list.

It ranked New York city as number one city in the world while South Africa’s Cape Town placed second in the list that contained 50 cities. 

The firm which ranked Lagos as the 19th best city to visit in the world, said it drew its conclusion from a survey of more than 20,000 city dwellers around the world, along with its network of editors.

The criteria used to rate the cities include food (quality and affordability), culture, nightlife, how the city makes people feel, strong community vibes, access to green space, historic sites, and much more.

“Whether you’re a staunch mainlander or from Lekki, there’s something for everyone in Lagos, Africa’s most populous city. Posh Victoria Island continues to deliver a trifecta of swanky resorts, food haunts, and nightlife.

“Lekki is for the brunchers – make Maple Lagos your first stop. On the mainland, Kuti’s Bistro in Ikeja, owned by the legendary afrobeat family, serves up reliably delicious food and hosts parties, karaoke and games nights.

“And then there are the beaches – hit up Oniru Beach for some fun in the sun, but be sure to bring naira for this private beach. For those who live for the night, Hard Rock Cafe Lagos provides a massive indoor-outdoor playground with top artists including DJ Obi (‘Obi’s House’ on Mondays), who set a Guinness World Record in 2016 for a 240-hour marathon set,” it said about Lagos.

Melbourne, Australia; Naples, Italy; Singapore; Miami, US; Bangkok, Thailand; Lima, Peru; Budapest, Hungary; Beijing, China; Dubai, United Arab Emirates; Montreal, Canada and Glasgow, UK ranked 19th to 30th respectively. Accra, Ghana, the other African country in the list was ranked 44th ahead of Marseille, France (45); Taipei, Taiwan (46); Istanbul, Turkey (47); Osaka, Japan (48); Hong Kong, China (49) and Vancouver, Canada (50).

[DailyTrust]

48 hours after the change of leadership in the Ogun State House of Assembly, Governor Dapo Abiodun has broken his silence on the crisis rocking the state’s legislative body.

The crisis in the Assembly consumed the former Speaker, Olakunle Oluomo, on Tuesday, as he was impeached and replaced by Oludaisi Elemide.

Reacting to the development, the governor agreed with the Assembly that the legislators reserve the right to choose whoever pleases them as their leader in the legislative arm of the government.

Speaking through a statement signed by his Special Adviser on Media, Kayode Akinmade, on Thursday, the governor also acknowledged that the crisis in the Assembly had lasted for a while.

“There had been internal wrangling in the Assembly that had persisted and degenerated despite several interventions.

“ It is the prerogative of members of the House of Assembly to choose their leadership in line with the constitution and the law guiding the conduct of the Assembly.”

It will be recalled that the former Speaker was impeached on Tuesday after he was accused of high handedness, lack of focus and transparency, arrogance, poor leadership style, financial misappropriation and inciting members against themselves.

The governor, however, added that the government was working with the party, All Progressives Congress, APC, with the intention to resolve all contending issues.

The statement added, “Working with the leadership of our Party, the All Progressives Congress (APC), the Government intends to see all the contending issues resolved in a democratic, fair, and just manner.

“The Ogun State Government notes that the Honourable Members have openly stated that their grouse is not with the Governor, whom they again pledged their loyalty to.

“Given that the Ogun electorate gave us a mandate to represent their best interests and deliver democratic dividends that will significantly improve their well-being, the Ogun State Government, along with the Party leadership, have intervened to ensure that whatever disagreement members have is resolved peacefully and amicably, so that the delivery of democratic dividends to our people will not be hampered in any way.”

[DailyPost]

The Nigerian military has identified several factors contributing to the recent crisis in the Mangu Local Government Area of Plateau State.

The Director of Defence Media Operations, Major General Edward Buba stated that herder militia, cattle rustling, and a combination of other factors were responsible for the crisis that engulfed the town.

He said this on Thursday, January 25, while addressing a news conference in Abuja on the activities of the Armed Forces of Nigeria.

However, he said that to control the situation, Special Forces had been sent to state hotspots.

General Buba said: “The situation was triggered by a number of factors including the attempted cattle rustling and the killing of a Mangu man by herder militia.”

He claimed that on January 22, 2024, it was reported that a guy on a motorbike down the road collided with a herd of cattle crossing the road.

He said: “The herders reportedly killed the man on the spot. Consequently, militia mobilised and attacked residents in the early hours of 23rd of January.”

When attackers invaded Kwahaslalek village, a hamlet in the Mangu Local Government Area, approximately thirty people were killed, several more were injured, and numerous buildings were set on fire.

Governor Caleb Mutfwang has since imposed a curfew on the LGA.

[TheNation]

A Federal High Court sitting in Abuja on Thursday remanded some loyalists of the River State governor for their alleged involvement in the explosion that rocked and razed the Rivers State Assembly complex.

An explosion had rocked the complex of the state Assembly amid alleged moves by some lawmakers to impeach Governor Siminalayi Fubara on October 30, 2023.

Some loyalists of the governor were said to have been behind the incident.

No fewer than five of them were arraigned on Thursday before Justice Bolaji Olajuwon of the Federal High Court in Abuja.

They are Chime Eguma Ezebalike, Prince Lukman Oladele, Kenneth Goodluck Kpasa, Osiga Donald and Ochueja Thankgod.

In the 7 charges, the defendants were accused of committing alleged terrorism offences by invading, vandalising and burning down Rivers State House of Assembly during the wake of the political crisis that rocked Port Harcourt in October last year.

They were also accused of killing a Superintendent of Police, Bako Agbashim, and five police informants in the Ahoada community of the state.

The police informants alleged to have been killed are Charles Osu, Ogbonna Eja, Idaowuka Felix, Paul Victor Chibuogu, and Saturday Edi.

They are to remain in prison custody till February 2 when their respective bail applications will be determined by the Judge.

They were also accused of using various cult groups, namely- Supreme Viking Confraternity, Degbam, Iceland, and Greenland to unleash mayhem on the people of the state and their commercial activities.

They all pleaded not guilty to the allegations.

Although the immediate past factional Speaker of the Rivers State House of Assembly, Hon Edison Ehie, was not listed in the 7 counts terrorism charges, he was however represented in court by a Senior Advocate of Nigeria SAN, Oluwole Aladedoyin, on the ground that his name featured prominently in the alleged offences.

He challenged the allegations that he was at large alongside other suspects.

Justice Olajuwon did not however allow further arguments on the ground that he was not yet a defendant in the charges.

Shortly after the arraignment, the leader of the prosecuting team, Audu Garba, applied for a date for a full-blown trial of the defendants.

However, a Senior Advocate of Nigeria SAN, Lukman Fagbemi, who stood for Chime Eguma Ezebalike and Prince Lukman Oladele who are 1st and 2nd defendants, sought to move applications for their bail on the ground that they have been in police custody since last year.

The government lawyer, Audu Garba, vehemently opposed the reason that he had just been served with the bail applications and needed time to study them and file a counter affidavit.

Justice Olajuwon agreed with the prosecution lawyer that the bail applications were not ripe for hearing and fixed February 2 for the hearing of all bail applications.

Pending hearing and determination of the bail applications, the judge ordered that the five defendants be taken to Kuje Prison on remand and be returned to court on the adjourned date.

“The defendants are hereby remanded pending the hearing and determination of the bail applications,” he said.

[Punch]

Former governor of the Central Bank of Nigeria(CBN), Sanusi Lamido Sanusi has backed the relocation of some departments of the CBN from Abuja to Lagos.

Sanusi said it was the right thing to do, saying those kicking against the relocation are playing dirty politics.

The former CBN governor stated this in a statement on Wednesday.

Recall that the CBN’s plan to relocate some departments and units to Lagos has been met with criticisms lately.

Some northern politicians kicked against the move, warning it would have political consequences.

But Sanusi, who was the 14th Emir of Kano said the relocation is an “eminently sensible move”.

According to him, moving certain functions to the Lagos office ( which is bigger than the Abuja head office) is an eminently sensible move.

He said he had it in mind to do the same thing while in office but didn’t have sufficient time to see it through.

Sanusi stated, “In my mind what I would have done was to move FSS and most of Operations to Lagos such that the two Deputy Governors would be largely operating out of Lagos or, even if they were more in Abuja , the bulk of their operational staff would be in Lagos.

“Economic policy, Corporate services and all the departments reporting to the Governor directly such as Strategy, Audit, Risk management, Governors’ office etc would remain in Abuja.

“It makes eminent strategic sense. And I would have done this if I had stayed.”

He dismissed the opposition against the policy as “absolutely unnecessary” because “The CBN has staff manning its branches and cash offices across the Federation.”

Sanusi added, “Moving staff to the Lagos office to streamline operations and make them more effective and reduce cost is a normal prerogative of management.

“The problem we have now is that many employees are children of politically exposed persons and their Abuja life and businesses are more important than the CBN work.

“The CBN is just an address for them and if they have to choose between their spoilt Abuja life and the job, they would gladly leave the CBN.

“All the more reason for the Governor to put his foot down and get rid of those elements they are dangerous for the bank’s future.

“The question of locating functions is a STRATEGIC and not tactical one. A proper analysis should be done to identify which roles are best suited to Lagos and which to Abuja. Once the logic is clear the people then follow. Non communication of strategic intent opens the door to mischievous misrepresentation and arbitrariness.

“I don’t like the idea of arguing that the office structure can not handle the staff numbers. I am sure Julius Berger would refute that if they wanted to engage.”

On how the relocation of staff should be done, he said, “Individual situations should be considered. As much as possible we should be empathetic. For example young mothers with kids in school who do not need to move can be prioritised to stay in Abuja or those with medical conditions etc.”

He advised the CBN not to bend to political pressure, saying it must push through decisions hoe matter tough.

He said, “My advice to the Governor is to go ahead with his policy. Once the CBN starts bending to political pressure on one thing it will continue doing so.

“Northern politicians will shout that this is moving from Abuja to Lagos. Abuja is a federal capital not a northern issue. So long as this is a principled decision the noise should be ignored.

“When i was about to license Jaiz bank there was a lot of religious noise from CAN etc. Even enlightened people like Okey Emelamah were going to sue me to court on religious grounds. I ignored it and licenced the bank. Nothing happened.

“A christian Governor after me licenced at least two more non- interest banks. No one is even noticing again.

“Ethnic and religious bigots will always shout. The CBN should rise above it and just do what needs to be done. It is a very unpopular and difficult job and the Governor needs to be tough.”

[Vanguard]

Our attention has been drawn to a publication currently circulating in several print and electronic media with the above caption. We wish to make it categorically clear that the content of the said publication does not represent the true state of affairs.

To put the record straight, the action currently pending at the Federal High Court, sitting in Abuja is between Hon. Victor Okon Jumbo & 5 Ors. vs. The President of the Federal Republic of Nigeria & 5 Ors., with Suit No.: FHC/ABJ/CS/1718/2023 (the “Suit”) and not at the Rivers State High Court, sitting at Port-Harcourt as falsely peddled.

The aforesaid suit first came up on Monday, the 22nd of January 2024 before Court 7 presided by Hon. Justice J. O. Abdulmalik (the “Court”). On the said date, the Plaintiffs’ Counsel moved two (2) respective Exparte applications: for substituted service on the Defendants and for interim injunctions against the Defendants. After hearing the Plaintiffs’ applications and considering same, her Lordship made an Order for the substituted service of the originating court documents on the Defendants. Also, the Court ordered all the parties in the suit to maintain status quo ante bellum, pending the hearing and determination of the Motion on Notice in the suit. The matter was then adjourned to the 28th of February, 2024.

Contrary to the false news as publicized in the said Punch Newspaper, there was absolutely no time that the Court ever struck out the aforesaid Suit which is pending before the Court and same will come up for hearing on the 28th February, 2024.

Relatedly, the Court did not at any point of her rulings on the said Plaintiffs’ applications decline jurisdiction to hear the Plaintiffs’ applications or the substantive suit and never cited any judgment or ruling of Hon. Justice James Omotosho of the Federal High Court, sitting in Abuja as mendaciously stated in the publication. Furthermore, there is no Plaintiffs’ Lawyer with the name Emmanuel Rukari and none of the Plaintiffs’ Counsel ever spoke to the Press or expressed any disappointment whatsoever with the Court’s decision/rulings.

The legal implication of the Court’s Order as regards the Plaintiffs’ second application is that all the parties in the suit should maintain the status/position in the matter as it was before the subsisting conflict arose between the parties in the suit. Finally, it is submitted that upon the service of the Originating processes, the Defendants have been put on notice of the claims of the Plaintiffs and given the nature of these claims, the Defendants, particularly, the Rivers State House and Assembly and the Executive Governor, have a legal duty and obligation to refrain from taking any steps that might overreach the court in its attempts to do justice in the Suit as held by the Apex Court in Doma v. Ogiri (1998) 3 NWLR Pt. 541 Pg. 246 @ 265 para. D-E where Oguntade JSC observed that:

“Where a suit is brought to enjoin certain activities and the Defendant/Respondent has notice, the hands of the Defendant/Respondent are effectually tied pending a hearing and determination even though no restraining order or preliminary injunction be issue”.

The general public is hereby advised to utterly disregard the mendacious news making the rounds on the captioned matter as the information as stated in this Press Release is the true and reliable state of affairs as regard the suit between Hon. Victor Okon Jumbo & 5 Ors. vs. The President of the Federal Republic of Nigeria & 5 Ors., with Suit No.: FHC/ABJ/CS/1718/2023. Thank you.

​Signed:

Dr. Olukayode Ajulo, San, Oon, Fciarb.Uk,

Principal Partner, Kayode Ajulo & Co. Castle of Law

Kidnappers are no longer on the prowl. They are now on a rampage. They have run riot, running rings around hapless Nigerians. The impunity with which they go about it means they know that the coast is clear for them to go about their criminal activity without fearing that there will be consequences. Once there is no chance of punishment, there is no deterrent. As it is said, where there is no law, there is no sin. It is more or less the same thing - or even worse - where there is law but the law is trampled by everyone without consequence.

In Nigeria, those who trample the law the most are those who made the law and those charged with enforcing the law. Once other criminally-minded people know this, all they need to do is compromise these sets of Nigerians by coming under their wings. So, thugs, area boys and other sundry criminals come under the wings of politicians and are assured of protection. Those who engage in financial crimes have informants and insiders in the financial institutions that give them privileged information. The whole of Nigeria has become a crime scene. Nigeria as a going concern is a criminal enterprise. You no longer know who to turn to for succor.

I listened to an interviewee who listed all those who benefit from the rising wave of crime in the country. Government officials benefit because it gives them justification to allocate huge resources that should have gone into other productive sectors into the so-called war against insecurity. No war is fought, though, and money so allocated is diverted into private pockets. We saw an example of that in the arms bazaar that took place under former President Goodluck Jonathan. Money voted for arms to fight Boko Haram was shared to politicians to fund election campaigns and such other unrelated matters.

Governors benefit from insurgency because it gives them an alibi to further raise their humongous security votes which secure nothing. Many of them draw this money on a monthly basis and go to the real estate market buying properties on a binge. Nothing is secured and no one is secure in their state. Security votes are unaccounted for; they are not audited; why this is so, I do not know. It could be because of the cloak of secrecy that is woven around security matters. But I think it is time we rend the veil and make everything open. Afterall, we cannot be left unsecured and still lose our money under the guise of security votes.

Legislators, those that some people have chosen to call legis-looters, also benefit from this racket. They seldom pass anyone's budget unless their palms have been greased. In every budget, they have items they hide here and there that they come for after the budget is passed and money is released. Oversight function is another avenue through which lawmakers hold government officials to ransom. Like I said, it is a racket. One thief steals; another surfaces to demand his own share of the loot. They work hand-in-gloves. They operate in cahoots.

Those charged with the risky task of carrying guns and confronting the criminals also have criminals in their ranks. We can safely expect that criminals will find their way into the fighting forces. For one, that is the safest place to be as a criminal. Who will ever suspect or stop a man in uniforms for stop-and-search? They also can work as informants. They can loan out their uniforms to criminals for a fee. Their guns and ammunition also. They can turn their guns on the State that employed them and pledge their loyalty to their partners in crime.

Now, who pays more: the government or the masters of the crime world? I am sure you know salaries are peanuts here. Take-home pay takes no one home in Nigeria. You have to find ways to augment the peanuts you receive as salaries. Most times they do not even come as when due. Most times you are owed a backlog of salaries and other benefits. And you have mouths to feed. You have responsibilities you cannot shirk.

In the middle of this, you see the opulence of the rich flaunted in your face on a daily basis. You see them take good care of themselves while they neglect you. Besides, you know they, too, are criminals of the worst order. They steal billions with a stroke of pen. If all the ransom money collected by kidnappers since 1999 is put together, it will still be mere trifle compared to the billions that one Accountant-General of the Federation stole. And the man was seen the other time playing monkey games with the court. Is it that the authorities did not know the antics of this man? Of course, they do but they are members of the same clan!

I do not support kidnapping and kidnappers. I am against the booming business of kidnapping for the purpose of collecting ransoms. In fact. I am against all forms of kidnapping and all manner of criminality. But, where do we start? We must start by checking the criminality of the ruling class. It is their own criminality that gave rise to the other criminality that now threatens to sink all of us. It is their own criminality that is not allowing them to see clearly and act appropriately to deal with the criminality of the rank and file.

Virtually everyone is sucked into the ongoing criminality that has made Nigeria an unsafe place day and night. The cities are not safe, even up to Abuja, the seat of power. Homes are not safe. No longer is the home a man’s fortress as the scripture says. The roads and highways are not safe. Schools are not safe. Even military facilities are not safe. Criminality has become big business and more and more people are trooping into it. After politics and corruption, criminality is next in the order of the “businesses” that yield the highest return on investment.

Let me share a post I read a while ago and then close: “Why do kidnappers succeed in collecting ransom from their victims? Based on my job, I learnt something special this week from security agents in Mali that we went on a rescue mission together. I don't know if the Nigerian security agencies are in collaboration with kidnappers to take ransom and share together; if not, no kidnapper can succeed in taking any ransom where security formation is effective. The story is that, I received a message from Nigeria concerning a 16-year-old girl that was trafficked to Mali for sex trade. This victim called her parents about the situation and they passed the message to me from a government agency for an urgent rescue. When I called the number that the victim used to call her parents and I asked the traffickers to send the victim to me so that she can go back to Nigeria, they refused. Later, they removed the line from their phone; now the number is out of use. I informed a security agent about the situation...

“Now, the number I used to contact the traffickers is no longer in use. I don't know the name of the village the victim is. I sent the number that they had removed to the security agent. After two hours, they notified me the name of the village and the current new number the traffickers were using. We went on a mission without calling the new number. We arrived at the village at midnight because it was about a 15-hour journey. The second day, Information reached us about the exact location the phone number was last used before they switched off the phone. After an hour, information came again that the person was having an appointment with somebody at 11:00am. We hung around the place. When the person came around, there was a vibration from one of the security gadgets for us to know the person coming with the number. We monitored her entry to the house. We were able to rescue the victim. No call. Nothing.

“So, ransom collection in Nigeria could be between the kidnappers and security agencies. If not, no Nigerian should pay ransom to any kidnapper if really our policemen have the necessary security gadgets. This is just a trafficking issue; not that some criminals will hide somewhere and be calling people twice to pay a ransom. You cannot call three times before being caught in Mali”.

This happened in small Mali but we are the giant of Africa. Mali is poor but we are rich. The difference between us and Mali is the kind of leaders we have had.

I also read a report in a national newspaper of repute accusing commercial banks of encouraging the kidnapping epidemic in the country as, wait for it, “some ransoms are paid into bank accounts!” Are you kidding me? Nigeria, we hail thee!