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June 19, 2023 CBN Removes Saving, Withdrawal Limits On Domiciliary Accounts

CBN Removes Saving, Withdrawal Limits On Domiciliary Accounts

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.

 

June 18, 2023 I Remain Grateful to Buhari, Tinubu For My Successes in Politics — Aregbesola

I Remain Grateful to Buhari, Tinubu For My Successes in Politics — Aregbesola

The former Minister of Interior, Rauf Aregbesola, says he will forever be grateful to former President Muhammadu Buhari and President Bola Tinubu for the successes he achieved in his political career.

Aregbesola stated this during a civic reception organised in his honour by Concerned Muslim Scholars and Clerics in South Western Nigeria on Sunday in Oyo town.

He said the Buhari and Tinubu made the achievements that facilitated the grand reception in which people were praising him for today possible.

Aregbesola said that Tinubu mentored him in Lagos State and facilitated his emergence as Governor of Osun State.

He said that the establishment of Nigeria Immigration Service Passport office, Fire fighting office and Agro Ranger Office in Oyo town, which people praised him for, was done by Buhari and executed through him as the Minister of Interior.

“If any appreciation and gratitude could be given to me, I want to believe greater appreciation should be given to the two people I mentioned.

“Without their support, it would be pretty difficult for me to single-handedly achieve the height I am now and be able to render the service to good people of Oyo,” Aregbesola said.

He said that he was extremely grateful and honoured by the reception organised for him by the people of Oyo town and appreciated them for the reception.

Earlier, the host of the programme, Imam Daud Tijani, said the willingness to celebrate Aregbesola’s indelible achievements as public office holder was due to his exemplified personality in all ramifications.

Tijani said that Aregbesola has remained loyal to the cause of humanity, infrastructure development and maximally using societal resources for the development of the people.

”He is vastly in Knowledge and has a way of relating with people inoffensively and this has earned him the loyalty and admiration of the masses and entire Yorubaland and the nation at large.

”He never compromised his integrity and faith in what he believes to be right.

“Aregbesola is so dear to the Muslims not only because he is a practising Muslim but because he consistently present himself as a good ambassador of Islam through good deeds in and outside governance.

“The people of Oyoland will continue to show gratitude to Aregbesola for moving Oyoland to status of a town to a city with the establishment of significant federal establishments,” he said.

In his lecture, An Associate Prof., Abass Alade, described Aregbesola as a privileged and fortunate person based on various political positions he had occupied.

Alade urged Aregbesola to continue to be humble, be grateful to Allah, his parents and humanity.

He advised him to continue to be closer to Allah, identify with the masses and not relent in assisting the people.

In his contribution, the Chaiŕman of the occasion, Sen. Mudasiru Husain, said Aregbesola wa as a diligent, compassionate and an exemplary leader whose style must be emulated by all and sundry.

The Chairman of Oyo State Muslim Community, Alhaji Kunle Sanni, said Aregbesola was a brave person who never got afraid of speaking the truth while in position of authority.

Sanni said that Aregbesola contributed his quota to the progress of Islam and humanity when he was Osun State Governor and Minister of Interior.

He called on Muslims, willing to go into politics to emulate the good character of Aregbesola.

The Bashorun of Oyoland, Chief Yusuf Akinade, applauded Aregbesola for his contribution to Yorubaland and the people of Oyo town, saying he left a blueprint which would forever be remembered.

Other speakers at the occasion, including Prof. Sarafadeen Kareem, lecturer, Federal University of Agriculture Abeokuta, and Dr Mahmud Musa, Lecturer, Department of Arabic, University of Ilorin, commended Aregbesola for his contributions to the society.

The Oyomesi in Council (Kingmakers), representatives of clerics from Oyo, Osun, Ekiti, Kwara, Ondo and Lagos states attended the event.

 

June 15, 2023 Tallest Man In Nigeria Dies At 48

Tallest Man In Nigeria Dies At 48

In a heartbreaking turn of events, Afeez Agoro Oladimeji, renowned as Nigeria's tallest man and a talented actor, has passed away.

At the age of 48, he breathed his last at the Lagos University Teaching Hospital (LUTH) on Wednesday night following a prolonged illness.

The news of his demise was shared on Thursday via a tweet by the well-known Twitter influencer, Pamilerin Adegoke. Adegoke announced Agoro's passing, stating: 

"Nigerian tallest man Afeez Agoro Oladimeji is dead after suffering from a prolonged illness."

Prior to his untimely departure, Oladimeji, who stood at an impressive height of 2.25 meters (7 ft 4 in), was born in Sabo Yaba, Lagos State. Unfortunately, he had been confined to his bed for the past eight months, battling his illness.

The loss of Afeez Agoro Oladimeji leaves behind a void in the entertainment industry and the hearts of many. May his soul find eternal peace.

June 13, 2023 ASUU President Criticizes Student Loan, Says It’s Discriminatory

ASUU President Criticizes Student Loan, Says It’s Discriminatory

The signing of the student loan bill into law by President Bola Tinubu has generated excitement in some circles.

However, the President of the Academic Staff Union of Universities (ASUU) does not share the same enthusiasm. President Tinubu signed the bill on Monday, June 12, 2023, fulfilling his promise to liberalize education funding.

The bill, sponsored by Femi Gbajabiamila, the Speaker of the 9th House of Representatives, ensures that the loans provided are interest-free.  According to Dele Alake, an aide to the president, the student loan law will enable financially disadvantaged students to access government loans for their educational pursuits.

“This is a promise made during the presidential campaign by the then candidate, His Excellency Bola Tinubu, that he will bring back the student loans issue onto the front burner.

“And today, that promise he made has been kept. He has just signed that bill into law, which henceforth would allow or enable our indigent students to access Federal Government’s loans to fund the educational pursuit or career,” Alake said.

“The union will react soon but everyone knows our position on student loans because you will end up encumbering the children of the poor with loans and debt after graduating. This is discriminatory. If what I read online is correct, it said it is only for children whose parents earn at least N500,000 per annum. That means if your father earns more, you won’t benefit,” he said.

However, Prof. Emmanuel Osodeke, the national president of ASUU, is unimpressed by the law's provisions and considers it discriminatory.

He said, “I have not studied the bill and we don’t want to react on the surface. But I have seen one area that will not be practicable.

“It says that students should refund the money two years after NYSC. But what is the provision for someone who is not working after NYSC? And will they all get jobs immediately after NYSC?”

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