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CBN Governor Cardoso Urges Nigerians to Rethink “Japa” Amid Economic Reforms

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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.

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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.


 

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Concern Grows Over Rising Insecurity Following Kwara Abduction Case

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It was reported that bandits were seen in Kwara State and abducted six residents from Rukpete Village.

The incident was reported to have occurred on June 8 at about 11 p.m.

Sources revealed that seven people were initially taken, but an elderly man was later released, leaving six victims in captivity.

The rising cases of insecurity in the country remain quite alarming.


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Panic as Bandit Rumours Spark School Safety Concerns in Abuja

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The state of the country is affecting many people, as they believe nowhere is safe, including schools where they keep their children.

It has been reported that some parents have started withdrawing their children from schools in Abuja.

It can be noted that rumours of bandits being sighted near a school triggered panic, causing parents to hurriedly remove their children for safety.

While the reports of bandits have not been confirmed, the school has also issued safety measures to ensure the protection of students within the premises.


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Lagos Residents Raise Alarm After Suspected Bandits Are Reported in Ibeju-Lekki

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It has been rumored that bandits have made their way to Lagos, and allegedly they were spotted in Ibeju-Lekki, where some residents became suspicious of them and reported the matter.

A clip of the group of men went viral online, and many people became concerned. Whether true or not, fear has been sparked among Lagosians as they worry that bandits may already be in the state. Even if the reports remain unconfirmed, many believe it is still a possibility worth paying attention to.


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