Boko Haram abduct 22 girls, women in northeast Nigeria; IMF Welcomes Nigeria’s Easing of ‘Some Exchange Restrictions’; LSE Names 58 Nigerian Firms Among Africa’s Fastest- growing Businesses; Presidency/Senate face-off: Storm gathering over the senate; WAEC confirms Andy Uba forged secondary school certificate; Osinbajo re-launched Nigerian economy as acting president – French PM . . .
Boko Haram Jihadists abducted 22 girls and women in two separate raids in northeast Nigeria, residents and vigilantes told AFP on Friday. In the first attack on Thursday, the jihadists raided the village of Pulka near border with Cameroon where they kidnapped 18 girls. “Boko Haram fighters from Mamman Nur camp arrived in pickup vans around 6:00 am and seized 14 young girls aged 17 and below while residents fled into the bush,” a Pulka community leader told AFP by phone. “They picked four other girls who were fleeing the raid they came across in the bush outside the village,” said the community leader who asked not to be named for fear of reprisals. According to the official, the attackers were loyal to the faction headed by Abu Musab Al-Barnawi, the son of Boko Haram founder Mohammed Yusuf.
The International Monetary Fund (IMF) has commended the recent “easing of some exchange restrictions” in Nigeria, just as it urged the Central Bank of Nigeria (CBN) to “remove the remaining restrictions and multiple currency practices” to unify the foreign exchange (FX) market. This, the fund pointed out, would help in regaining investor confidence in the Nigerian economy. The IMF’s executive board stated this in their 2017 Article IV Consultation with Nigeria, which was released on Thursday. The Article IV Consultation came on the heels of the CBN’s decision to increase the amount of dollars to be sold to Bureau de Change (BDC) operators to $10,000 a week, up from $8,000, in its determination to sustain liquidity in the FX market. According to ThisDay, the IMF said: “Directors emphasised that these policies should be supported by tighter monetary policy and fiscal consolidation to anchor inflation expectations and to limit the risk of exchange rate overshooting, as well as structural reforms to improve competitiveness.”
The London Stock Exchange (LSE) in its inaugural ‘Companies to Inspire Africa’ report launched in the UK yesterday, named 58 Nigerian companies among Africa’s fastest growing private businesses. The companies are Beloxxi Industries Ltd, Interswitch, Mouka Limited, Sigma Pensions, AXA Mansard, Africa Finance Corporation (“AFC”), Bankers Warehouse, Fin Insurance and The Advans Group, Channels TV, Chams, GMT Nigeria Ltd., and wakanow.com. Others are B & Q Dredging and Marine Logistics Ltd, Broron Oil & Gas, Capic Hexagon Nigeria Ltd, Dorman Long, DWC Drilling, Energy Works Nigeria Ltd., Gas Terminalling, Nagode Group, Nestoil Ltd., Ocean & Oil Investments Ltd, and Riggs Ventures (West Africa) Ltd, Chi Farms, Green Agriculture West Africa Ltd., Olam International Ltd. and Tomajos Farming and Processing Ltd., Africa Courier Express, Bridge International Academies, Erisco Foods Ltd., and Food Concepts Plc, Saint Nicholas Hospital Ltd., Hygeia Nigeria Ltd., and Drugfield Pharmaceuticals Ltd.
A storm is gathering over the Senate. The Presidency-Senate face-off took a new dimension as 250 civil society groups under the aegis of Stand Up for Nigeria (SUN) vowed to mobilize the mass of displeased Nigerians against Saraki and the other senators for holding Nigeria to ransom by declining consideration of the 27 names President Buhari nominated as resident electoral commissioners. They demanded the senators apologize to Prof. Sagay and Sen. Ndume. The National President of SUN, Evangelist Sunday Attah, who addressed a press conference in Abuja yesterday, threatened that the coalition would bring the Senate to “a desperately deserved inglorious end” by the time it unleashes its anger on the red chamber next week. “We therefore urge all Nigerians to come out in Lagos and Abuja on Monday, Tuesday and Wednesday for a peaceful protest to shut down the Senate,” he said.
SaharaReporters claimed to have obtained a document issued by the West African Examinations Council (WAEC) declaring that Senator Nnamdi Uba, better known as Andy Uba, forged both a secondary school certificate and “Confirmation of Result” which he presented to British authorities. In a report earlier today, SaharaReporters disclosed that Senator Uba, who represents Anambra South senatorial zone, had falsified the grades he earned in the secondary school leaving certificate exams conducted by WAEC throughout West Africa. Mr. Uba, a former senior domestic assistant to former President Olusegun Obasanjo, attended Union Secondary School (formerly Boys High School), Awkunanaw, a suburb of Enugu, the current capital of Enugu State. Records obtained from the school and elsewhere showed that the controversial senator attended Union Secondary School from 1970 to 1974, when he sat the secondary school leaving certificate.
French Prime Minister Bernard Cazeneuve has affirmed that Vice President Yemi Osinbajo played an important role in re-launching the Nigerian economy while acting as president of Nigeria. Osinbajo’s spokesman, Laolu Akande, in a statement, quoted Cazeneuve as saying this in Paris yesterday at a bilateral meeting with Osinbajo after the global forum on anti-corruption and integrity hosted by the Organization for Economic Cooperation and Development (OECD). The prime minister assured Osinbajo that French investors would take advantage of the opportunities in the Nigerian economy. Osinbajo and Cazeneuve agreed that both countries would continue to deepen diplomatic, economic and military relations. Osinbajo extended Buhari’s greetings to French President Francois Hollande, noting his commitment and support to Nigeria in the fight against insurgency, especially by supplying arms.