Stella Dimoko Daily News Roundup


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Thursday, December 22, 2022

Daily News Roundup

The Central Bank of Nigeria (CBN) has made an upward review of its cash withdrawal limit directive 15 days after issuing the policy as individuals can now withdraw N500,000 cash weekly and up to N5 million for corporate entities from 9th January, 2023.

. The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has written to the House of Representatives explaining why he will not honour the invitation sent to him in person, saying he is currently attending to health issues outside the country. The letter was read by the Speaker, Femi Gbajabiamila at the plenary on Wednesday.


. The Speaker of the Taraba State House of Assembly, Professor Joseph Aibasu Kunini has resigned, citing personal grounds. His resignation notice was contained in a letter transmitted to the lawmakers on Wednesday.


. Five suspected kidnappers have been arrested by anti-kidnapping operatives of the Kwara State Police Command. The five suspects belong to two separate gangs of kidnappers. Members of the first gang include Babagida Buguda, 30, described as a kingpin, Bashiru Yakuba, 35, and Mohammed Umaru, 26.


 The presidential candidate of the Labour Party (LP), Peter Obi, yesterday, accepted the resignation of Doyin Okupe as Director-General of the party’s presidential campaign council. In a letter addressed to Okupe, Obi said he respected the decision of his former campaign DG.


The queues for Petrol, which was gradually abating recently, suddenly re-emerged on Wednesday in many cities, including Lagos and Abuja. The development clearly shows that Nigerians face bleak Christmas as fuel scarcity has started taking a toll on motorists, who have hiked their fares.


 Nigeria’s domestic debt rose to N22.57tn as the Federal Government on Wednesday proposed a last-minute supplementary budget for the 2022 fiscal year. President Muhammadu Buhari is seeking the approval of the National Assembly for a N819.54bn supplementary budget, which it planned to finance through domestic borrowing.


 The Inspector-General of Police, Mr Usman Baba, on Wednesday, described the agitation for Biafra in the South Eastern part of the country as a smokescreen for criminality. He warned those behind the agitation that the government will not be intimidated by their activities.


 The police have started investigation into the killing of the Youth President of Inen community in the OrukAnam Local Government Area of Akwa Ibom State, Mr Hezekiah Adaiden. The State’s Police Public Relations Officer, Odiko Mcdon described the killing of the youth president as barbaric, adding that the perpetrators would be brought to book.


 Millions of people took to the streets of Buenos Aires Tuesday to celebrate Argentina’s World Cup title, disrupting a planned parade route and forcing Lionel Messi and his teammates to abandon an open-top bus to instead fly over the city in helicopters.


A 56-year-old man, Ayodele Falomo and his son, Ayoola Falomo, 23, were arraigned on Wednesday before a Chief Magistrate Court in Abeokuta, Ogun State, for allegedly assaulting a doctor and a nurse at the Federal Medical Centre, Idi-Aba.

It was gathered that the incident occurred on Tuesday at the emergency ward of the hospital shortly after the 53-year-old female patient died (she was the suspects’ wife and mother)

The father and son were later arrested over the incident and arraigned on a two-count charge of conspiracy and assault but they pleaded not guilty to the charges.

In his plea, the father informed the court that he had written an apology letter to the Management of the FMC and Nigeria Medical Association (NMA), Ogun Chapter.

The Magistrate, I.O. Abudu, admitted the defendants to bail in the sum of N200,000 each with one surety each, who must be registered bondsmen with the Ogun State Judiciary.
She adjourned the case to February 16, 2023, for a report of settlement or trial.

from Daily post


  1. Good news as per CBN upward review. CBN needs to extend the Jan deadline of old notes expiration.

    1. Hmmmm Stella, honestly we don’t like being assisted. Nigerians who are letting themselves being misled by some people regarding this upward review are yet to understand that the margin was to help curb ransom is easier to trace a OTC transfer and catch the kidnappers. If you so need more than 100k for genuine reasons, your account officer is there to verify and payment made.

      The earlier we realize that suffering is not part of us, the better we start kicking against and out the unscrupulous wicked leadership that are gradually digging their roots into the soil.

  2. The increasing fuel scarcity is seriously affecting a lot of things. A journey of #100 is now #200. It is well oo.

  3. Scarity of fuel is a problem,
    CBN governor should review it's policy on old notes

  4. Nigeria's debt rose to N22.57trn.May God save this nation.


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