News
CBN Governor Cardoso Urges Nigerians to Rethink “Japa” Amid Economic Reforms
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has called on Nigerians to reconsider emigrating, commonly referred to as “Japa,” emphasizing the need for collective efforts to rebuild the nation.
Speaking at the 59th annual Bankers Dinner organized by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, Cardoso outlined two key reasons for his appeal.
He warned that emigrating often involves selling assets at undervalued prices, which benefits opportunistic buyers.
He also stressed the importance of being part of the solution to Nigeria’s challenges, citing increased interest from international investors in the country’s potential.
Cardoso acknowledged the difficulties caused by recent economic reforms but assured Nigerians that these measures aim to create an economy where businesses and individuals can thrive.
He urged collaboration among banks, regulators, businesses, and citizens to achieve this vision.
“Now is the time for all hands to be on deck,” Cardoso concluded.
News
Dalung Claims Dangerous Cabal Is Influencing Tinubu’s Government Decisions
Solomon Dalung, former Minister of Youths and Sports, has once again pointed out the presence of a dangerous cabal within President Bola Tinubu’s administration, suggesting they are shaping the decisions and actions of the current government.
Speaking on Arise TV’s The Morning Show on Friday, Dalung emphasized that this influential group was working against the country’s best interests.
Dalung went further to describe the cabal as “dangerous,” claiming their actions are driven by personal gain rather than the welfare of the people or the administration.
He stated, “If you look at the hardship in the country and the president’s reaction, it’s completely a disconnect from the reality we are dealing with.
The cabal’s infrastructure is still effective, influencing the government in ways that go against the president’s intentions.”
He warned that the cabal’s actions, which seem at odds with the president’s plans, are undermining efforts that could have brought positive change to Nigerians.
Their self-serving interests, according to Dalung, are leading to decisions that hurt the nation rather than help it.
Despite revealing his views, Dalung chose not to name the individuals he believes make up the cabal, leaving that task to investigative journalists.
“It’s up to you to dig deeper and uncover the identities of those involved.
I have the right to reserve the names I think are part of the cabal,” he said.
News
The Nigerian Government Receives $52.88M Recovered from Galactica Assets
Nigerian Government receives $52.88m from the United States recovered from the Galactica assets. The Attorney-General of the Federation and Minster Of Justice, Lateef Fagbemi revealed that a formal signing ceremony was held for Nigeria and the Unites States on Friday in Abuja.
Fagbemi states that $50 million of the assets will be sent to the World Bank for the rural electrification project, while the remaining money will be sent to the International Institute of Justice to expand the justice system.
The President of Nigeria, Bola Ahmed Tinubu also used the event as an opportunity to address the issue of corruption in the country.
News
NYSC Addresses Allegations Over Queries Issued to Corps Members in Oyo State
NYSC denies allegations of issuing queries to 200 corps members in Oyo state for missing a Christmas Carol. A statement was released by the NYSC’s spokesperson, Eddy Megwa, addressing the issue at hand.
“The NYSC respects the religious rights of all corps members and remains committed to fostering unity and tolerance.” The spokesperson stated that the queries were given due to the corp members failing tom participate in their CDS (Community Development Service ) activities.
She added that the corp members were not present at their places of primary assignment during the period.
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