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FX Code’ll Stabilise Naira, Ensure Forex Market Transparency – TMSG

The Tinubu Media Support Group (TMSG) has described the Nigeria Foreign Exchange code (FX code) as the beginning of a new era of regulation in the country’s foreign exchange market.
In a statement on Sunday by Mr Emeka Nwankpa, its Chairman, TMSG maintained that the new regulations would prevent a situation that led the Central Bank of Nigeria (CBN) to launch a forensic audit into the seven billion dollars backlog it inherited.
“We see the Central Bank’s introduction of the new code of ethics to guide operations in Nigeria’s foreign exchange market as long overdue.
“Coming off the back of the end of the free-for-all that bookmarked the era of multiple exchange rate, it is clear the move would enhance transparency and help stabilise the naira.
“Listening to the CBN Governor Olayemi Cardoso speak on the forensic audit of the seven billion dollars backlog, it is obvious that the Nigerian forex environment was replete with unethical practices that the apex bank is no longer prepared to tolerate,” said the group.
It lauded the directive of the CBN governor to bank executives on the bank’s zero tolerance for infractions, saying that any institution that violates the FX code would face decisive sanctions.
“With the signing of the commitment charter by chief executives of banks at the launch of the FX code, we dare say that Nigeria is at the verge of a new era of professionalism and ethical operation in the foreign exchange market.
“It is also not surprising that even before the launch, Nigerians have been witnessing some sanity in recent months in the forex market with the naira becoming more stable, while also appreciating further in the parallel market,” it added.
The group urged the CBN leadership to stay on course in its quest to entrench good governance and restore sanity in the forex market as well as strengthen the naira. (NAN)
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Delta Police Nab Kidnappers, Armed Robbers, Recover Weapons, Others
From Francis Sadhere, Delta
The Delta State Police Command has recorded a major security breakthrough with the arrest of several suspected kidnappers, armed robbers and cultists across the state, leading to the recovery of a significant cache of firearms and ammunition.According to a press release by the Police Public Relations Officer, Bright Edafe, on behalf of the Commissioner of Police, Abaniwonda Olufemi, the arrests were made through a series of coordinated intelligence-led operations carried out by various tactical units within the Command.
In a major crackdown on kidnapping, operatives of the CP-Special Assignment Team (CP-SAT) arrested three suspected members of an interstate kidnapping syndicate on May 16 and 17. The suspects — Idirisu Yakubu (21), Bello Amodu (40), and Umar Mohammed Beto (38) — were apprehended in Port Harcourt, Rivers State.The gang is believed to have been responsible for kidnappings in Delta, Rivers, Enugu, and Imo states. Following their arrest, the suspects led police to a bush along the Ughelli-Ozoro Road in Delta State where officers recovered an AK-47 rifle loaded with 23 rounds of live ammunition and a pump-action shotgun with seven live cartridges. Investigations into the syndicate’s operations are ongoing.In another operation, the Eagle Net Surveillance Team based in Ughelli arrested a 53-year-old suspect, Benjamin Benemor, in Warri South Local Government Area. Acting on credible intelligence, officers searched his residence and uncovered a deadly arsenal which included one English Beretta pistol with magazine, an English double-barrel pump-action gun, an English single-barrel gun, two locally made firearms, and a battle axe. Fifteen live cartridges were also seized from the scene.Further demonstrating the effectiveness of proactive policing, operatives of the Rapid Response Squad (RRS) intercepted a Jetta vehicle along the Asaba-Benin Expressway on May 15. Two suspects — Blessing Ngbajime (49) and Okpako Oghenhovo (27) — were arrested, and one fabricated Beretta pistol was recovered from the latter. Investigations are currently underway.Reacting to the successful operations, CP Abaniwonda Olufemi commended the officers for their professionalism and dedication.He reiterated the Command’s commitment to eradicating criminal elements and safeguarding lives and property across Delta State.“These achievements demonstrate our readiness to confront all forms of criminality head-on. We urge citizens to remain vigilant and continue to provide timely information that can assist in maintaining peace and order,” Olufemi stated.The arrests and weapon seizures come as part of the Command’s intensified efforts to rid the state of criminal syndicates and maintain law and order.Uncategorized
Criminal Herders are Bent on Formatting Crisis in Agatu, Says Ejeh

From Attah Ede, Makurdi
The Chairman of Agatu Local government area of Benue State, Melvin Ejeh yesterday raised the alarm that criminal herders are bent on causing a crisis in his domain despite the painstaking efforts by his administration to restore permanent peace in Agatu land.The chairman, who raised the alarm in a press statement in Makurdi, lamented over the tragic attack on some innocent citizens who were returning from the market around Ogwumogbo and Okpo’okpolo communities by a group of criminal herders resulting in the loss of six lives.
According to him, ‘the report that reached me indicated that the victims who were traders returning from Oweto Market in Agatu to their various villages were ambushed by their attackers.”It is sad and highly regrettable that some criminal herders are bent on causing yet another crisis despite all efforts we are making to restore peace in the area.”This barbaric, criminal, and heinous crime is condemnable in its entirety. The perpetrators and their sponsors must not go unpunished. They must be fished out from their hideout to answer for their evil act”.Ejeh who is also the Deputy Chairman, ALGON said the police, military, DSS, and other security agencies have begun action with a view to apprehending those involved.Said he, “I wish to allay the fears of citizens in the Council and appeal that they should continue with their normal activities.”The local government will work with all the security agencies to uproot the criminals from their hideout to face the wrath of the law, no matter how highly placed. Anybody who is found to be aiding and abetting criminality in the local government area will be dealt with according to the law.”I call on every citizen to be vigilant and report any suspicious activities or movements to security agencies in the local government”.Uncategorized
New Frontiers are not about Bullets, Guns, it’s About Brains, Says Obianime

From Mike Tayese, Yenagoa
A Prof. of Pharmaceutical Sciences University of Portharcourt, Prof. A.W. Obianime has said that the prospect for the future of Ijaw Nation looks good but will require a broad review of the people’s emotional and psychological state.
He said there should be a reorientation of the people, saying the need for environmental and social Justice is paramount and to enshrine corporate and environmental responsibility is an aspect they need to pursue and promote. Obianime handed down this during a Public Lecture/Dinner organized to mark the 2025 Isaac Boro Day celebration at the state Banquet Hall Government House Yenagoa, Bayelsa state capitalAccording to him, the existing lawsuit and social campaign should be used for the development of the people and the region. “We must change the erroneous narrative by people who mean us no good and present us as aliens, senseless Agitators or militants, not as educated people seeking their rights, justice and Fairness”.In a lecture titled: The Ijaw Struggle for Self Determination: Challenges, New Frontiers and Prospect, Prof. Obianime said, “Politics and the allure of monetary gains and their supposed benefits have disunited our people and therefore there is no more Ijawness in our daily operations”. Rather than ljaw, we talk along party lines (PDP VS APC).”The build-up to 2027 is more important than the jaw National and ancestral interest. Peace building, Dialogue and constructive engagement between the Ijaw nation, the federal government, oil companies, and civil society are key to lasting peace and mutual development.”The Ijaws as an ethnic nationality must take action, their cause must be given the needed global outlook. Our message must be well packaged and placed on the front burners of international human rights platforms, environmental courts, and policy institutions.”Our youths are our future and empowering them with the right information via formal and non-formal education, global exposure and leadership training will sustain the desire for a better future, keep alive the struggle and secure the dream.”We must begin to learn to accommodate and network our interests. We must purposefully go out to make new friends, establish new relationships and begin a new phase of what I consider a high-powered PR activity.”Finally, the new frontiers are not about bullets and guns, it is about brains and brawn. The Ijaws must rise above petty educational pursuits but seek education that is liberating and fair. Therefore brethren, if we must establish the concept of fairness and justice as it concerns the ljaws people, we must also preach it as a national ethos because injury to one is an injury to all” , he said.While acknowledging some challenges said, theater and the complexities/complexion of the war or survival in the Nigerian political space have changed. Saying the physical environment has changed due to environmental degradation and toxicity.In his closing remark, Secretary to the State Government, Prof. Nimibofa Ayawei said, the younger generations should emulate what Issac Adaka Boro stood for during his lifetime.According to him, Boro’s struggle contributed to the creation of the old Rivers state and now Bayelsa state too was created. “Our politicians, youths and all stakeholders in Ijaw Nation should see the interest of Ijaw man above their personal interest “.