President Bola Ahmed Tinubu has approved the immediate retirement of all Service Chiefs and the Inspector-General of Police, Advisers, Comptroller-General of Customs from Service as well as their replacements with immediate effect.

The newly appointed Officers are:

1 Mallam Nuhu Ribadu National Security Adviser
2 Maj. Gen. C.G Musa Chief of Defence Staff
3 Maj. T. A Lagbaja Chief of Army Staff
4 Rear Admirral E. A Ogalla Chief of Naval Staff
5 AVM H.B Abubakar Chief of Air Staff
6 DIG Kayode Egbetokun Acting Inspector-General of Police
7 Maj. Gen. EPA Undiandeye Chief of Defense Intelligence

Tinubu also approved the following appointments:

1 Col. Adebisi Onasanya as Brigade of Guards Commander
2 Lt. Col. Moshood Abiodun Yusuf 7 Guards Battalion, Asokoro, Abuja
3 Lt. Col. Auwalu Baba Inuwa 177, Guards Battalion, Keffi, Nasarawa State
4 Lt. Col. Mohammed J. Abdulkarim 102 Guards Battalion, Suleja, Niger
5 Lt. Col. Olumide A. Akingbesote 176 Guards Battalion, Gwagwalada, Abuja


Similarly, the President approved the appointments of other Military Officers in the Presidential Villa as follows:

1 Maj. Isa Farouk Audu
(N/14695) Commanding Officer State House Artillery
2 Capt. Kazeem Olalekan Sunmonu (N/16183) Second-in-Command, State House Artillery
3 Maj. Kamaru Koyejo Hamzat (N/14656) Commanding Officer, State House Military Intelligence
4 Maj. TS Adeola (N/12860) Commanding Officer, State House Armament
5 Lt. A. Aminu (N/18578) Second-in- Command, State House Armament

Mr. President has also approved the appointments of two (2) additional Special Advisers, and two (2) Senior Assistants, namely:

1 Hadiza Bala Usman Special Adviser, Policy Coordination
2 Hannatu Musa Musawa Special Adviser, Culture and Entertainment Economy
3 Sen. Abdullahi Abubakar Gumel Senior Special Assistant , National Assembly Matters (Senate)
4 Hon. (Barr) Olarewaju Kunle Ibrahim Senior Special Assistant, National Assembly Matters (House of Representatives)

Finally, the President approved the appointment of Adeniyi Bashir Adewale as the Ag. Comptroller General of Customs.

It is to be noted that the appointed Service Chiefs, the Inspector-General of Police and the Comptroller General of Customs are to act in their positions, pending their confirmation in accordance with the Constitution of the Federal Republic of Nigeria.

The Central Bank of Nigeria, CBN has lifted the limits placed on domiciliary accounts.

In May 2021, CBN had set the maximum limit for foreign currency transfers by cash deposits to $5,000 per month.

But now, the CBN said the new regulation allows account holders to deposit freely, have unrestricted access to funds in accounts, and make up to $10,000 withdrawals daily.

The apex bank said this in a statement issued after a meeting with the bankers’ committee.

The meeting was meant to provide further guidance to deposit money banks (DMBs) on the recent operational changes to the foreign exchange market and to discuss the implementation and implications of the policy changes for the banking public.