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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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ISIS Nigeria: Many Killed In Fresh Airstrikes Attack 

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The United States Africa Command (AFRICOM) and Nigerian forces have carried out additional airstrikes against ‌Islamic State in northeastern Nigeria.

 

The attack followed the killing of of ISIS commander Abu-Bilal al-Minuki, who was eliminated alongside some of his men, on Friday.

In a statement, AFRICOM said No U.S. or Nigerian forces were harmed during the strikes.

Commenting on the operation, the Defence Headquarters said more than 20 ISIS/ISWAP fighters were killed.

According to the Director of Defence Information, Major General Samaila Uba, the operation targeted terrorist hideouts in Metele area of northern Borno, a known flashpoint for insurgent attacks.

In a statement, he said the strikes were based on credible intelligence indicating the movement and convergence of terrorist elements in the area.

The Defence Headquarters explained that the latest offensive is part of sustained counterterrorism operations in the North-East, aimed at dismantling insurgent networks and denying them safe havens.

“The ongoing operations follow the neutralisation of ISIS commander Abu-Bilal al-Minuki and are part of sustained efforts to disrupt terrorist networks, remove them from the battlefield and deny the terrorists any safe haven within Nigeria,” the statement read.

The military further reaffirmed its commitment to defending Nigeria’s territorial integrity, stressing that insurgents will continue to face decisive action.

“The Armed Forces of Nigeria will continue to aggressively defend the sovereignty, security and territorial integrity of the nation. Terrorists who threaten our citizens, communities and national stability will be located and defeated. There will be no safe haven for terrorists anywhere in Nigeria,” it added.

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Detained Activist, Justice Crack, Gets N5m Bail Gets N5m Bail 

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The Federal High Court sitting in Abuja has granted bail to social media activist Justice Chidiebere aka Justice Crack in the sum of N5 million Naira with one surety in like sum.

 

Justice Joyce Abdulmalik, while delivering ruling on Monday, held that the surety must reside within the court’s jurisdiction at a fixed address for at least four years and must provide valid proof of residence, including either a tenancy agreement or certificate of occupancy.

The court further ruled that the surety must be a federal civil servant not below Grade Level 15, with evidence of at least three months’ salary payments, a letter of authentication from the immediate head of department, and proof of pensionable employment.

In addition, the surety is required to depose to an affidavit of means and submit a recent passport photograph, while the defendant is to deposit his international passport with the court.

The case, marked FHC/ABJ/CR/253/2026, stems from his arrest by the Nigerian Army in late April after he posted viral videos criticising the feeding conditions of soldiers deployed to conflict zones.

He was later arraigned by the Department of State Services on a three-count charge bordering on cybercrime, breach of public peace and felony, to which he pleaded not guilty. The Attorney General of the Federation later took over prosecution of the case from the DSS.

The ruling followed weeks of legal back-and-forth, including delays in bail proceedings and a clash between members of his legal team over representation, which forced the withdrawal of an earlier bail application.

His arrest sparked widespread condemnation from human rights groups and activists, who alleged torture and enforced disappearance, while the Nigerian Army denied the claims, insisting the arrest was linked to alleged incitement and conduct capable of undermining military discipline and national security.

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Commotion As Gunshots Rock APC Senatorial Primary Venue

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The atmosphere was chaotic earlier today, Monday, during the All Progressives Congress (APC) senatorial primary election for Ondo Central Senatorial District as suspected thugs disrupted the exercise with sporadic gunshots at Ward 5, Ebenezer African Church Primary School, Amudipe Street, Akure.

 

The incident forced party members, journalists and residents around the area to flee for safety while voting was ongoing at the venue, which also serves as the polling unit of incumbent senator, Adeniyi Adegbonmire.

Other aspirants in the contest include former Secretary to the Ondo State Government, Taiwo Fasoranti, and retired military officer and legal practitioner, Olumuyiwa Adu.

Panic reportedly broke out after armed youths stormed the venue and fired gunshots into the air, forcing teachers and parents within the premises of African Church Primary School and St. Peters African Church Primary School to hurriedly evacuate pupils.

Journalists and party supporters were also seen scaling fences and running for cover as the exercise was abruptly disrupted.

Reacting to the incident, Senator Adegbonmire described the primary election as “a complete charade,” alleging that the violence was deliberately orchestrated to stop his supporters from voting after it became obvious he was leading at the polling unit.

He further alleged that the attackers shot at his vehicle, leaving visible bullet marks on it.

The senator also claimed that similar incidents were recorded in other parts of the senatorial district, alleging that supporters of certain aspirants were openly intimidated and prevented from participating in the exercise.

Adegbonmire called on the national leadership of the All Progressives Congress( APC) to intervene, describing the development as a deliberate attempt to manipulate the outcome of the primary election.

“The same thing happened last week, where voters were intimidated in the House of Reps primaries. Now we are witnessing this again in the Senate. So clearly, it’s a pattern and something has to be done about it,” he said.

Also reacting, Adu dismissed the exercise as a sham, alleging that armed youths openly threatened delegates during the primary.

He, however, said he restrained his supporters from retaliating in order to avoid violence, stressing that no political ambition was worth bloodshed.

Adu warned that recurring violence during APC primaries in Ondo State could deepen internal divisions within the party and negatively affect its future electoral fortunes if not urgently addressed.

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