Tinubu Approves Crude Oil Trade In Naira To Cut Forex Dependence

Obasempire reports that President Bola Tinubu has approved a new directive to advance crude oil trade using the local currency.

The Chairman of the Federal Inland Revenue Service (FIRS), Zacchaeus Adedeji, revealed this to State House reporters on Monday, following the Federal Executive Council (FEC) meeting at the Presidential Villa in Abuja.

Read more: Fuel Shortages Cause Long Lines Across Lagos, Abuja, And Other States

He stated that, effective immediately, the Nigerian National Petroleum Company (NNPC) Limited will conduct transactions with local refineries in Naira.

This policy also applies to the sale of crude oil to Dangote Refinery, with Dangote’s subsequent product sales to be carried out in Naira.

Adedeji explained that the initiative aims to reduce the heavy dependence on foreign exchange for crude oil imports, which currently represents about 30 to 40 percent of Nigeria’s forex spending.

The FIRS Chairman added that by denominating transactions in Naira, the Federal Government hopes to significantly lessen the forex burden, projecting annual savings of approximately $7.3 billion.

Read more: Dangote Refinery Seeks Libyan Crude As Nigeria Struggles With Supply

He emphasized that the shift is expected to stabilize domestic crude oil prices by minimizing the effects of forex fluctuations and alleviate pressure on Nigeria’s foreign exchange reserves, reducing monthly forex expenditure from $50 million to roughly $600 million.

Afreximbank has been chosen as the pilot settlement bank to implement the transactions.

Click to watch our latest video

50,000 In Kogi State Live With HIV, Many Avoid Treatment

Obasempire reports that the Acting Executive Secretary of the Kogi State Agency on HIV/AIDS (KOSACA), Ibrahim Anate, revealed that more than 50,000 individuals are living with HIV/AIDS in Kogi State.

He shared this information in Lokoja on Monday during a one-day stakeholders’ dialogue.

Read more: Ohanaeze Ndigbo President General Chief Emmanuel Iwuanyanwu Dies At 82

Anate stated that 36,066 people living with HIV are currently undergoing treatment in Kogi State, while over 19,000 have not attended their scheduled treatment or counseling sessions.

He suggested that stigma and discrimination against people with HIV are contributing factors to why many individuals do not disclose their status.

The Acting Executive Secretary of KOSACA also criticized certain health facilities in Kogi State for reportedly discriminating against individuals living with HIV.

“This is what we have been trying to fight against in Kogi State. We are looking forward to a situation where the same nurse or doctor will attend to all patients at the hospital irrespective of their HIV status. They should not be kept in a separate ward.”

While expressing optimism that Kogi State Governor Ahmed Usman Ododo will sign the anti-HIV stigmatization bill into law, Anate called on religious leaders to champion the campaign against HIV stigmatization in Kogi State.

Read more: Ogun Police Arrest Woman For Attempted Sale Of Her Child

Earlier in her remarks, the Executive Secretary of Ninerela+ Nigeria, Amber Erinmwinhe, reiterated the organization’s commitment to ending HIV stigmatization and gender-based violence in Nigeria.

“HIV is not a death sentence. Many PLHIV have lost their lives, because of fear and stigma and discrimination. Religious leaders must rise to the occasion by educating their followers on the dangers of stigmatization against people living with HIV(PLHIV),” she added.

Click to watch our latest video

Ogun Police Arrest Woman For Attempted Sale Of Her Child

Obasempire reports that the Ogun State Police Command has detained a 25-year-old woman, known as Yetunde Gbadebo, for attempting to sell her three-year-old daughter on Aladiye Street in Sagamu.

Read more: Fuel Shortages Cause Long Lines Across Lagos, Abuja, And Other States

Our correspondent learned on Sunday that the incident occurred around 10:00 AM on July 25, 2024.

A report from a police source at the command indicated that the suspect was apprehended while bargaining a N700,000 price for the child with a 38-year-old man named Sunday None.

A team of police investigators from the Sagamu Division raided the area after a resident reported seeing the two during the negotiation.

During questioning, the spokesperson for the command, Omolola Odutola, revealed that Gbadebo denied the accusation, while None admitted to the offense.

She said, “The woman was about to sell her three-year-old daughter to another suspect. A resident who saw the two suspects negotiating the price approached our station in Sagamu to report what she saw.

Read more: Lagos Police Rescue Baby From Trafficking Ring During Naming Ceremony

“The Sagamu Police Division detached a team of detectives who stormed the scene and arrested the two suspects. The man has confessed to the crime.

“The case will be transferred to the state Criminal Investigation Department as soon preliminary findings are concluded.”

Click to watch our latest video

Lagos Police Rescue Baby From Trafficking Ring During Naming Ceremony

Obasempire reports that the Lagos State Police Command has rescued a two-month-old infant from a couple named Mr. and Mrs. James Uwam during the child’s naming ceremony.

Read more: Tinubu-Ojo Urges Lagos Traders to Keep Children from Protests

According to a statement by the state Police Public Relations Officer, Benjamin Hundeyin, the couple paid ₦2,350,000 to acquire the baby from a suspected child trafficker, Loretta Nelson, who had purchased the infant from a pastor, Peter Udoh, for ₦1,450,000.

Hundeyin revealed that Udoh had bought the baby for ₦500,000 from another suspected trafficker, Gloria Sunday, who allegedly abducted the child on July 11, 2024, prompting the baby’s mother to report the incident to the police.

Following the report, Hundeyin said the police acted swiftly, arresting Sunday, who then led them to apprehend other suspects involved in the crime, with the help of detectives from the Oko Oba Division.

“Pastor Udoh, who was subsequently arrested in Ikene Town, Ogun State, admitted reselling the child for N1,450,000 to one Loretta Nelson who was then also apprehended in Festac Town, Lagos.”

Read more: Kenneth Okonkwo Exits Labour Party Over Internal Crisis

Hundeyin said Nelson confessed to selling the baby for ₦2,350,000 to the James Uwam couple, who were apprehended during the naming ceremony of the stolen child.

Hundeyin noted that investigations have commenced, and the suspects will be arraigned at the court after the investigation.

Click to watch our latest video

Tinubu-Ojo Urges Lagos Traders To Keep Children From Protests

Obasempire reports that Folasade Tinubu-Ojo, the Iyaloja-General of Lagos and daughter of President Bola Tinubu, has advised merchants in the state to deter their children from joining the upcoming nationwide demonstrations starting on August 1.

Addressing attendees at Dosunmu market on Saturday, Tinubu-Ojo highlighted that the Lagos state government has made significant strides in improving residents’ lives.

Read more: Alaba Market Leader Declines Participation In Nationwide Protests, Cites Business Concerns

Recalling the aftermath of the #EndSARS protests in 2020, Tinubu-Ojo pointed to the damage to government properties and the prolonged recovery difficulties faced by businesses as instances of the negative consequences of protests.

Tinubu-Ojo urged families to dissuade their children from participating in protests and called on Lagosians to remain composed and support the state government, which she asserted is working earnestly to better the welfare of its citizens.

Her words: “Let’s tell ourselves, family, and children that there is nothing like protest in Lagos. It is a gimmick to destroy the country.

“Look at what they did during the last protest (#EndSARS), look at how they burnt government properties. Can you see that they are fighting against us?

“Don’t allow any political party to give money to some persons to fight. Don’t allow our children to get killed during the process.

“Look at the ShopRite at Adeniran Ogunsanya, Sangotedo, Lekki. Those businesses that were destroyed… have the owners recovered from their losses?

Read more: Kenneth Okonkwo Exits Labour Party Over Internal Crisis

“I’m begging you in the name of God, let’s talk to ourselves and our children that there is nothing like protest in Lagos state because the government of Lagos state is making us proud.

“They (Lagos government) are making us happy. They gave us a sense of belonging.

“The federal government recently assumed office. Before you say a government is not doing well, let it spend three years in office. Let everyone tell their children at home to remain calm.”

Click to watch our latest video

Osun Governor Backs Traditional Food Price Control Measures By Rulers

Obasempire reports that Osun State Governor, Adetola Adeleke, has endorsed the traditional method of controlling food prices recently introduced by some local rulers in the state.

Governor Adeleke has instructed the Food Security Implementation Committee to accelerate efforts to ensure a stable and accessible food supply chain. He characterized the traditional rulers’ method as “a local initiative to combat rising food inflation throughout the state.”

Read more: Alaba Market Leader Declines Participation In Nationwide Protests, Cites Business Concerns

Reports indicate that the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, has instructed vendors in Ife to lower food prices and dissolved the market vendors’ association in the region.

Similarly, the Oluwo of Iwo land, Oba Abdulrosheed Adewale Akanbi, has mandated a reduction in food prices across the three local government areas of Iwo land.

In a statement released on Friday by his spokesperson, Olawale Rasheed, Governor Adeleke urged the State Food Security Implementation Committee to act promptly. He expressed approval of the traditional rulers’ efforts to regulate food prices and address the exploitative practices of middlemen in markets.

Governor Adeleke criticized the artificial inflation caused by market intermediaries and praised the traditional rulers, led by the Ooni of Ife, for dismantling market associations that contributed to high food prices.

According to the Governor, “the actions of most members of the Osun State Council of Traditional Rulers on price control have assisted the government in its quest to address food insecurity in Osun State.”

He praised the traditional rulers for impressing upon market leaders the need to avoid unnecessary price increases and called on all other traditional rulers in Osun State to emulate the actions of the royal fathers at Ile Ife, Ede, Igbajo, Iwo, and other areas.

“I task our royal fathers to engage market associations and stop the exploitation of our people. I read the report of the initiative by the Ooni of Ife. I also read of similar actions by the Oluwo of Iwoland and the Timi of Ede Land. This approach should be adopted by all royal fathers.

“I am also directing my Special Adviser on Markets to move quickly to support our royal fathers in this new drive to institute traditional price control. The Iyalojas and Babalojas should be integrated into the implementation process.”

Meanwhile, Governor Adeleke also tasked the Committee on Food Security Implementation to quickly come up with actionable plans, deliverables, and timelines, noting that food security is a matter demanding urgent attention.

Read more: Ohanaeze Ndigbo President General Chief Emmanuel Iwuanyanwu Dies At 82

“The Committee is composed of tested experts. It is time for action. We already have a well-thought-out food security report. We only need a roadmap to execution.

“I commend the Commissioner for Agriculture for rising to the occasion on our agro-industrialization agenda. We have started with the supply of tractors, which I will be unveiling at a ceremony soon. We have embraced traditional price control through our traditional rulers.

“We must implement a holistic agenda which addresses all segments of the agricultural value chains. That is what we have in our Food Security Committee report, and the actualization is what I demand from the implementation committee,” the state Governor declared.

Click to watch our latest video

SSS Recovers 2,000 Bags Of Rice Diverted By Officials In Katsina

Obasempire reports that the operatives of the State Security Service (SSS) in the Katsina State Command have recovered 2,000 bags of rice from the 20 trucks provided to the state by the Federal Government.

The retrieved rice was reportedly misappropriated by certain government officials.

Read more: Femi Falana: Government Threats Won’t Stop August 1 Protests

The Federal Government’s donation aimed to alleviate the impact of the current economic difficulties in the country.

SSS officials in the state, who confirmed the adverse development, chose not to provide further details and preferred to remain anonymous.

An investigation revealed that the 25kg bags of rice were stored in a warehouse at the Central Market in Katsina.

The discovery came after individuals notified the DSS on Wednesday night, prompting an immediate response.

Abdulrahman Abdullahi, Chairman of the Civil Society Organisations (CSOs) in the state, expressed astonishment at the incident.

Mr. Abdullahi criticized how the Federal Government’s aid, intended for the needy, was reportedly redirected by some unscrupulous individuals.

He pledged to pursue the case until it reaches a proper resolution.

He also urged the government to thoroughly investigate the situation and penalize those responsible for the diversion.

Additionally, Katsina resident Suleiman Kofar-Durbi commented that the situation is regrettable.

“It is unfortunate that I received the information yesterday night that the President provided relief to the vulnerable and some people diverted it.

“People are experiencing hardship due to the current economic situation in the country, the government should investigate the matter thoroughly and bring culprits to book,” he said.

The Chairman, Market Traders Association, Shehu Usman, said that the rice was brought into the market by someone who was not a trader.

“Someone asked his brother to keep the rice for him in his stores in the market.

“We are calling on our members to be careful in receiving such items from people outside for keeping in the market,” he said.

Read more: Lawmaker Yusuf Gagdi Faces Backlash for Gifting SUV to Daughter

Responding to the matter, the Principal Private Secretary to Governor Dikko Radda, Aliyu Abdullahi, said the rice was allocated to the Minister of Housing and Urban Development, Ahmed Dangiwa, by the Federal Government.

He said, “The minister directed the Special Adviser to the Governor on Infrastructure Development, Alhaji Nasiru Lawal to keep it and he decided to take the rice to the market for safe keeping.

“The rice allocated to the minister were 1, 200 bags.”

Click to watch our latest video

Ohanaeze Ndigbo President General Chief Emmanuel Iwuanyanwu Dies At 82

Obasempire reports that Chief Emmanuel Iwuanyanwu, the President General of Ohanaeze Ndigbo, has died in Abuja, the Federal Capital Territory (FCT), on Thursday.

Read more: ‘Thank God for Carry Over’: Facebook User Celebrates Minimum Wage Increase

He is the second President General of Ohanaeze to pass away in rapid succession.

This was verified in a statement released on Thursday by Jide Iwuanyanwu, the son of the deceased Chief Emmanuel.

The statement indicated that the 82-year-old Iwuanyanwu passed away on Thursday following a short illness.

Read more: Nigerians Donate N4.2m To Family Of New Quadruplets

“The Iwuanyanwu family of Umuohii Atta, in Ikeduru Local Government Area of Imo State announces the demise of our patriarch, Engr Chief Emmanuel Chukwuemeka Iwuanyanwu-Ahaejiagamba Ndigbo,” the statement read.

“Chief Iwuanyanwu died on Thursday July 25, 2024 after a brief illness. He was aged 82. Chief Iwuanyanwu before his death was President General of Ohanaeze Ndigbo worldwide and President of Owerri Peoples Assembly,” he wrote.

Click to watch our latest video

‘Thank God for Carry Over’: Facebook User Celebrates Minimum Wage Increase

Obasempire reports that a Facebook user known as Yahoo Driver expressed his elation today over the recent increase in Nigeria’s minimum wage, despite admitting to academic setbacks.

Read more: Senate President: No Nigerian Employee Can Be Paid Below N70,000

His jubilant post, shared shortly after Senate President Godswill Akpabio announced the wage increase from N30,000 to N70,000, has drawn widespread attention and amusement.

Yahoo Driver wrote, “thank God for the carryover.” This highlighted how the new minimum wage would positively impact his financial situation, even though it didn’t address his academic struggles.

His post quickly went viral, with many finding humor in his enthusiasm for the wage hike despite his educational challenges.

The wage increment, approved by the Senate, aims to ease the financial burden on many workers. For Yahoo Driver, it appears to be a rare bright spot amidst personal setbacks.

The reaction from the public has been a mix of surprise and humor, with many questioning the connection between academic performance and financial relief.

Read more: Femi Falana: Government Threats Won’t Stop August 1 Protests

In a related development, another Facebook user, identified only as “Darling Anita,” has also shared her change of heart regarding her plans. Initially uninterested in public service, the new minimum wage has prompted her to reconsider her stance, possibly motivated by the increased financial stability.

The new wage policy is expected to benefit many Nigerians, particularly those in lower-income brackets. As the country adjusts to the higher minimum wage, it remains to be seen how individuals like Yahoo Driver and Missed Opportunity will adapt their personal and professional aspirations.

Click to watch our latest video

Nigerians Donate N4.2m To Family Of New Quadruplets

Obasempire reports that Nigerians have donated more than N4.2m to the family of Sodiq Olayode, whose wife, Abiodun, recently welcomed quadruplets.

A coworker of Olayode, known as James and tweeting under #jamysax on X.com, announced the news on Wednesday.

Read more: Katsina Hisbah Seizes N60m Worth Of Alcohol And Drugs

James had written X.com on Tuesday, “Fun fact: A colleague of mine who had two kids already said he should do it and add one more.

“Guess how many his wife gave birth to? Four at once (quadruplets). The man wan craze. Na so so lament for status every day.”

He further shared a screenshot of what he said was one of Olayode’s WhatsApp posts about the number of diapers used in a short period.

The post read, “105 pieces of diapers in 6 days. Haaa, mo gbe mo daran. E shanu mi eyin quadruplet yi.”

James’ post on X.com gained the attention of netizens, with some highlighting the challenges of raising young children.

By Wednesday, James stated that he had received permission from the couple to share the picture of the parents and the children, as well as Olayode’s bank account details, for those who had been asking.

He wrote, “I reached out to them yesterday for their permission to post their picture and that of the children, as well as his account details.

“Also, if you would love to send them diapers or anything else, kindly reach out to me. I will find a way to get it to them. Proper accountability would be done.”

Read more: Lawmaker Yusuf Gagdi Faces Backlash for Gifting SUV to Daughter

Sharing further details, James stated that as of 9.42 a.m., Olayode had received N1,598,750, and some individuals had offered to give him baby items and diapers.Lawmaker Yusuf Gagdi Faces Backlash for Gifting SUV to DaughterSharing further details, James stated that as of 9.42 a.m., Olayode had received N1,598,750, and some individuals had offered to give him baby items and diapers.

Sharing hourly updates alongside a screenshot, James revealed that, as of 10:03 a.m., Olayode had received N2,811,277.

“As of 11:03 am they have received N4,226,769. Husband and wife are both in awe. They are speechless. God is kind,” he added.

Click to watch our latest video