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Operation Save The Naira: Lagos Speaker Faults Religious Pilgrimages, Seeks Regulation.

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Speaker of the Lagos State House of Assembly, Mudashiru Obasa has urged the government to regulate religious pilgrimages as they attract undue interest in dollars and put pressure on the naira. 

 

 

According to him, this action could be sustained until the naira stabilises.

 

 

The admonition was made on the floor of the House when, while the Lagos State House of Assembly decried the continued downward slide in the value of the naira against the dollar, it also suggested measures that could be applied to tame the trend.

 

 

 

As at yesterday a dollar hovered between N1,474 and N1,500 and the lawmakers, at plenary, advised the federal government and the Central Bank of Nigeria CBN on some bold steps to take so as to shore up the value of the naira.

 

 

Part of the resolutions by the House was that the federal government should come up with a mechanism to reduce foreign trips for seminars and conferences by ministries and agencies adding that this should apply to states.

 

 

While stressing the need to strengthen security across the nation, the House also called on the CBN “to embark on sensitisation of Nigerians on the steps being taken by the apex bank to reduce the pressure on naira while informing on the expected roles of Nigerians at this time.”

 

 

The Assembly urged that depositors of dollars in banks can be engaged for an acceptable arrangement where such funds can be utilised by the government to help reduce pressure on the naira.

 

 

Speaker of the House, Rt. Hon. Mudashiru Obasa, who presided over the sitting, lamented the disparity between the dollar and naira while commending the CBN for taking some measures with the hope that such actions would yield positive results.

 

 

Dr. Obasa, who further commended the National Assembly for inviting the CBN governor for discussion recently, said: “In my opinion, the CBN and government should embark on sensitisation and information dissemination to make people understand what the government is doing.

 

 

The pressure on the naira is too much, but the CBN should make sure that national interest is supreme.”

 

 

Obasa urged the government to regulate religious pilgrimages as they attract undue interest in dollars and put pressure on the naira. According to him, this action could be sustained until the naira stabilises.

 

 

“To save the naira, the federal government and states can stop foreign conferences and seminars. If possible, we can bring the resource persons to Nigeria to deliver their lectures.

We all need to look inward to support the government.

 

 

“Locally, some people in Nigeria doing businesses demand dollars instead of naira. Even at parties now, you see people spray dollars instead of naira. We need a way out and to do this, we need the support of citizens. That’s the essence of sensitisation.

 

 

Speaking earlier under ‘Matter of Urgent Public Importance’, Hon. Femi Saheed (Kosofe Constituency 2), said the current naira-dollar disparity is the direct consequence of the policies of the Godwin Emefiele-led CBN.

 

 

According to him, the naira will gain strength if measures including fixing the nation’s refineries, strengthening the education and health sectors are taken.

 

 

“I think the current CBN governor should work on moral suasion to get people to pull out the dollars in their domiciliary account,” he said.

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Soldier Who Rejected Kidnapper’s N500,000 Bribe Rewarded With Same Amount

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A Soldier, Private Utim Terwase, has bagged a monetary reward of N500, 000 for turning down a bribe of the same amount, from a suspected kidnapper,

 

The reward is in recognition of his honesty and commitment to duty.

The soldier, who reportedly rejected the money offered in exchange for the suspect’s release, has been rewarded with N500,000 by the Commander of Operation Enduring Peace (OPEP), Maj. Gen. Maxwell Dangana.

Terwase was said to have apprehended the suspect following an attempted escape. When the suspect allegedly offered him N500,000 to secure his freedom, the soldier turned down the offer and handed him over to the appropriate authorities.

Impressed by his conduct, Dangana approved a cash reward equivalent to the amount he had refused to collect, describing his action as an example of the integrity, discipline and professionalism expected of military personnel.

The development was disclosed in a statement issued at the weekend by the Media Information Officer of the Joint Task Force, 3 Division, Nigerian Army, Rukuba Barracks, Jos, Capt. Chinonso Polycarp Oteh.

Presenting the reward through the Commander of Sector 6, OPEP, Col. Philimon Malgwi, Dangana said Terwase’s decision to resist the temptation of personal gain reflected the highest standards of military professionalism, loyalty and commitment to duty.

He said the soldier had demonstrated that his responsibility to the nation and the values of the military were more important than personal financial benefits.

According to him, the commendation is intended to encourage other personnel to uphold similar standards of honesty, accountability and selfless service.

Oteh said the reward also sent a strong message that integrity and professionalism remained values worthy of recognition, particularly at a time when corruption continued to undermine public trust.

He described Terwase’s action as proof that integrity was a personal choice, even when faced with temptation.

“A soldier who refused N500,000 in dirty money has earned N500,000 in honour. Indeed, integrity pays,” he said.

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Two To Die By Hanging For Killing Housewife, Six Children

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A Kano State High Court on Friday sentenced Umar Auwalu and Yakubu Dayyabu, to death by hanging for the gruesome murder of a housewife, Fatima Abubakar, 35, and her six children at Dorayi Chiranchi Quarters, Kano.

 

The court also sentenced the two convicts to life imprisonment with hard labour each for conspiracy and armed robbery.

The third defendant, Isyaku Yakubu, 21, of Sabon Gida Sharada Quarters, was, however, discharged and acquitted for lack of credible evidence linking him to the murder.

Justice Nasiru Saminu found the two person guilty of the two count charges filed against them, insisting the prosecution proved charges against them beyond reasonable doubt.

Justice Saminu described the killing of the housewife and her six children as a horrific crime that challenged the conscience of the society.

He said the victims were entitled to the protection of their home but were attacked by people who ought to have protected them, particularly as the first defendant, Auwalu, was a nephew of the deceased.

Justice Saminu lamented that seven lives, which could have grown into responsible members of society, had been permanently lost.

“How I wish there is a punishment heavier than this. My emphasis is not to administer vengeance but justice,” the judge said.

On the third defendant, Justice Saminu held that although there were telephone conversations between him and the first and second defendants, the prosecution failed to establish the contents of the conversations or demonstrate that they amounted to conspiracy.

The judge further noted that evidence before the court showed that Isyaku was attending a Qur’anic graduation ceremony at the time of the incident.

Earlier, the prosecution counsel and Attorney-General of Kano State, Abdulkarim Kabiru-Maude, told the court that the defendants committed the offences on January 17, 2026, at about 11:30 a.m. at Dorayi Chiranchi Quarters, Kano.

He said the defendants allegedly conspired, armed themselves with sticks, iron rod and a sharp cutlass before trespassing into the residence of Fatima. According to him, they robbed the deceased of two mobile phones, an Infinix and an Itel, as well as N200,000 in cash.

The Attorney-General told the court that the defendants attacked Fatima with sticks and iron rod, hitting her on the neck before striking her head with a sewing machine, which resulted in her death.

He further alleged that the defendants attacked her six children, identified as Maimuna, 17; Aisha, 16; Bashir, 13; Abubakar, 10; Faruk, seven; and Abdulsalam Haruna, a toddler, with sticks, knives and cutlasses, inflicting injuries on their faces, bodies and heads.

The prosecution said Faruk and Abdulsalam were subsequently thrown into a well within the premises after the attack.

During the trial, Auwalu pleaded guilty to the charges but denied throwing the children into the well, while Dayyabu and Isyaku pleaded not guilty.

The prosecution presented eight witnesses and tendered 30 exhibits, including medical reports from Murtala Muhammad Specialist Hospital, Kano, confessional statements, a bloodstained broken iron rod, a stool, bloodstained trousers, N200,000 cash, two mobile phones and a flash drive containing audio-visual recordings.

The prosecution maintained that the offences contravened Sections 97, 221 and 298(c) of the Penal Code.

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Tinubu: Any Money Recovered By EFCC Will Go Into NELFUND

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President Bola Tinubu says all funds recovered by the Economic and Financial Crimes Commission (EFCC) will be channelled into the Nigerian Education Loan Fund (NELFUND).

 

The president spoke on Friday at the launch of Arise Palm Resort in Uyo, the Akwa Ibom state capital.

Tinubu said the decision was informed by the need to ease the burden of tuition fees on parents and ensure equal access to education for all Nigerians.

“I feel your pain and share in the difficulty, and that’s why I decided to take away the responsibility of tuition fees from parents and equal opportunities for everyone who wants to read, taking education as the greatest weapon against poverty,” he said.

“And creating opportunities for those who are still coming behind. From today on, as we are fighting corruption, any money recovered by EFCC will be dumped into that education programme. It will be. No one can reverse it.”

On August 19, the president directed the EFCC to channel all recovered funds into NELFUND.

Tunji Alausa, minister of education, announced the development while answering questions from State House correspondents shortly after the weekly federal executive council (FEC) meeting that day.

He said the FEC also approved the allocation of all unclaimed dividends in the Capital Market Trust Fund and funds in the Dormant Account Trust Fund to the student loan scheme to expand its reach and improve its efficiency.

Speaking at a press briefing in Abuja on August 31 to highlight the commission’s achievements under his leadership, Ola Olukoyede, EFCC chairman, said the federal government had allocated N100 billion from funds recovered by the anti-graft agency to the student loan scheme since 2024.

He noted that when “recovered criminal value” helps finance education and household credit, enforcement moves beyond punishment to restoration and productive national use.

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