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Military Vows To Deal With Looters, Appeals To Protesters To Avoid Mayhem

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The military on Friday warned looters taking advantage of the #EndBadGovernance nationwide protests to desist from the destruction of lives and properties.

At a press conference in the nation’s capital Abuja on the second day of the rallies against economic hardship and high cost of living, the Chief of Defence Staff (CDS), General Christopher Musa, said the extent of destruction experienced on the first day of the demonstrations was “crazy”.

He said the Armed Forces will take action and won’t allow the looting and destruction to fester.

The defence chief said the Bola Tinubu administration has been in power for one year and the government has been doing its best to boost economic activities.

General Musa said the economic crisis and high cost of living in Nigeria is a global phenomenon. He urged Nigerians to give the government time to address the challenges.

He said, “So, we want to call on all Nigerians to understand the government. If you have grievances, which I know people have, a lot of challenges here and there, and it is not only in Nigeria alone; everywhere in the world is facing one economic or security crisis or the other. And so, it is important to understand that we are not alone.

“But what we can do is not allow criminals and individuals that have lost out to take advantage of this to destroy our country. We should realise that these destructions, monies have to be used to replace them so that we can move forward.”

Youths Protest High Living CostTension was palpable in parts of Nigeria on Thursday as the much-touted #EndBadGovernance protests finally kicked off in almost all the 36 states of the Federation and the Federal Capital Territory (FCT), Abuja.

On the first and second day of the protests, policemen were seen dispersing the demonstrators, mostly youths, using tear gas, even as civil society organisations (CSOs) condemned the action of the police.

The protests turned awry when some hoodlums took advantage of the demonstrations and looted public and private assets.

In a bid to curb the looting, violence and other after-effects of the protests, the Kano, Borno, Yobe, Katsina, Nasarawa, Jigawa and other state governments imposed curfews in volatile local government areas (LGAs) in their states.

Some deaths have also been recorded, as claimed by Amnesty International. The Inspector General of Police Kayode Egbetokun said a policeman was murdered, some cops injured, and police stations burnt.

Propagated on social media, the nationwide protests against economic hardship started on Thursday, August 1, 2024, and have been scheduled to stretch till August 10 across all states of the Federation as well as the nation’s capital Abuja.

Prices of food and basic commodities have gone through the roof in the last months, as Nigerians battle one of the country’s worst inflation rates and economic crises sparked by the government’s twin policies of petrol subsidy removal and unification of forex windows.

Some of the demands of the protesters include the restoration of petrol subsidies and the forex regime.

They also want the government to address food shortages, unemployment and wasteful spending by those in power. Other demands are immediate reforms of the electoral umpire INEC and anti-graft agency EFCC with renewed vigour in the fight against corrupt politicians.

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Senate confirms Oyedele as minister

During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.

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The Senate has confirmed the nomination of Taiwo Oyedele as Minister of State for Finance.

His confirmation comes after two hours of screening as lawmakers grilled him on various aspects of the economy.

Oyedele’s screening followed a motion moved by Opeyemi Bamidele, the Senate leader, after he called for the suspension of the Senate rule to allow strangers to come into the chamber.

During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.

Oyedele was escorted to the chamber by Bashir Lado, the Special Adviser to the President on the National Assembly ( Senate), alongside others.

His screening followed President Bola Tinubu’s letter to the Senate on Tuesday, requesting his confirmation as a minister.

Tinubu had, on March 3, nominated Oyedele, who currently serves as chairman of the presidential committee on fiscal policy and tax reforms, as Minister of State for Finance.

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Tinubu appoints Lamido Yuguda as CBN’s Deputy Governor

Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.

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PRESIDENT Bola Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN)

The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.

This was disclosed on Wednesday by the presidential spokesman, Bayo Onanuga.

The President charges Yuguda to discharge his responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth.

Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.

He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy.

In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.

He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.

He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.

He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN.

He retired from the CBN in 2016, after he had served as Director of the Reserve Management Department for six years.

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JUST IN: IGP Disu Assigns Portfolios to New DIGs

DIG Zachariah Fera Achinyan has been deployed to Legal Services, DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.

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The Inspector-General of Police (IGP) Olatunji Disu has assigned the new Deputy Inspectors -General of Police (DIGs) their duties responsibilities.

Sources said that the DIGs were assigned departments based on their areas of competence.

DIG Zachariah Fera Achinyan has been deployed to Legal Services,

DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.

Similarly, DIG Margaret Agebe Ochalla has been posted to the Force Criminal Investigation Department (FCID);

DIG Mohammed Abdul Sulaiman to Finance and Accounts; DIG Kenechukwu Onwuemelie will oversee the Force Intelligence Department (FID); DIG Fayoade Adegoke will head Information and Communication Technology, while DIG Umar Shehu Nadada has been posted to Operations departments.

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