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CBN discontinues sales of dollars to burea the change 

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 The Central Bank of Nigeria will now “discontinue its sales of foreign exchange to BDCs (bureaux de change)”, governor Godwin Emefiele said in a speech in Abuja. 

“Operators in this segment of the market would now need to source their foreign exchange from (an) autonomous source.” “Commercial banks will now be allowed to accept cash deposits of foreign exchange from their customers.”

The CBN has been under pressure to devalue the naira, which is officially pegged at 197 to the dollar, although on the tolerated black market, exchange rates can be as high as 250 naira. Restrictions on the forex market have been introduced to conserve reserves, including reducing the amount the CBN sells to each bureau de change operators each week from $60,000 to $10,000. 

But Emefiele said the bank noted with “grave concern” that some operators were flouting limits on them providing $5,000 or less to clients. 
Instead, some had become “wholesale dealers” illegally handling millions of dollars per transaction. “Operators in this segment have not reciprocated the Bank’s gesture to help maintain stability in the market,” he added, accusing them of being “greedy” for selling at higher rates

*From another to another. God help us 

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Ex-Oyo gov, Olunloyo debunks death rumour, says I’m alive

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An elder statesman and former governor of old Oyo State, Dr Omololu Olunloyo, has broken his silence about the rumour of his death, saying he is alive.

Olunloyo who spoke with The PUNCH correspondent who visited his Molete residence in Ibadan, the state capital on Friday said he was hale and hearty.

Earlier, the rumour of the death of the elder statesman was reported by some news platforms (not The PUNCH).

However, Olunloyo, while speaking said, “I’m still here, not yet gone.”

He also expressed worry over the rumour and asked who would live forever, stressing, “Those breaking death news and the person presumed dead will all die one day.

“I’ve been lucky. My father died at 42, while my mother died at 102. I’m 89. I’ve crossed the expected life age.”

The elder statesman also illustrated how the rumour of his death hit several news platforms on June 7, 2022.

He noted that the rumour mongers claimed that he died at the University College Hospital, Ibadan.

A few days later, the family issued a statement, declaring that he was not dead but suffering from old age ailment and asked Nigerians to pray for him to survive the health complications.

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NAFDAC raids Abuja supermarkets, confiscates counterfeit products worth N50m

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Operatives of the National Agency for Food and Drug Administration and Control (NAFDAC) on Thursday raided Sahad store, a popular supermarket in Abuja, for selling some counterfeit products.

The agency also raided H-Medix outlets located in Wuse 2, Gwarinpa, and Utako market, in the nation’s capital.

Speaking with journalists during the exercise, Embugushiki-Musa Godiya, the NAFDAC head of investigation and enforcement in Abuja, said the team had also raided markets in Nyanya and Mararaba axis on Tuesday.

He said the team equally raided Wuse market on Wednesday and seized goods worth millions of naira.

Godiya said the three-day operation was carried out based on intelligent reports the agency gathered from well-meaning Nigerians.

“We have been able to successfully recover some of the counterfeit products, and evacuate them for destruction. Our concern is one of the products, purported to be Nivea NAFDAC regulated product, but it is not,” NAN quoted him as saying.

“The most shocking to me is that such substandard Nivea cream and other cosmetics are even more expensive than the ones approved by NAFDAC. This is criminal.

“The market value of what we have seen so far for drug hawking is N5 million, and for the NIVEA products, other cosmetics and other products, including Jik bleach, Harpic toilet cleaner and Airwick room freshener, all counterfeit in large quantity, valued at N45 million.

“The total value of all the goods seized during the operation is N50 million.”

He said the agency has zero tolerance for compromised standards, adding that “NAFDAC will arrest whosoever is involved in this crime”.

“NAFDAC enforcement will make sure it gets to the root of the syndicate that imports these products,” he said.

He called on Nigerians to be careful with the kind of products they buy, and always watch out for the NAFDAC registration number before they buy.

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NIS places Yahaya Bello on watchlist as IGP withdraws officers attached to him

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The Nigeria Immigration Service (NIS) has placed Yahaya Bello, former governor of Kogi, on a watchlist.

The police headquarters in Abuja has also “ordered the withdrawal of all men attached to his excellency Alhaji Yahaya Bello, former executive governor of Kogi state”.

Bello was declared wanted by the Economic and Financial Crimes Commission (EFCC) on April 18 after his absence from the federal high court in Abuja “stalled his arraignment”.

The anti-graft agency alleges that Bello, alongside Alli Bello, chief of staff to Usman Ododo, governor of Kogi; and one Daudu Suleiman, diverted about N80.2 billion belonging to the Kogi government.

In a statement signed by DS Umar, assistant comptroller of immigration, on behalf of Kemi Nandap, comptroller-general of the NIS, the agency said “the above named person has been placed on watch list”.

“The subject is being prosecuted for breach of trust and money laundering. If seen at any entry or exit point, he should be arrested and referred to the Director of Investigation for further action,” the statement reads.

On April 17, the EFCC ended its siege on Bello’s residence in Abuja after Usman Ododo, governor of Kogi, arrived at the house and was later seen leaving with his predecessor.

Lateef Fagbemi, attorney-general of the federation (AGF), has warned against obstructing the EFCC “in the discharge of its duty”.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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