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“I would have devalued Naira to N600” – Peter Obi brags

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Peter Obi, the presidential candidate of the Labour Party, has said he would have devalued the country’s currency to N600 if he had become the president of Nigeria.

He stated this on Monday morning while appearing on Arise TV.
Obi frowned at what he described as the dollars being the “underground currency of exchange” in the country pointing out that he would have initiated serious punishment for people who spend dollars freely instead of the country’s currency, the naira.

“Nobody floats what you don’t have supply of,” he criticised the Tinubu administration’s purported floating of the naira.

He pointed out that the new management team must think through every policy including looking at the “exchange rate, inflation” and other key policies in the area.

He said floating of the naira “is not something you do haphazardly.

“Nobody floats his currency without adequate supply”
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“He said rather than haphazardly floating the naira, “we should have worked on criminals and excesses in our foreign exchange regime.”

He explained that the naira was over valued and was increasingly under pressure because of under supply and the dollarisation of the country’s economy.

“We should have devalued to about N600 while managing to deal with supplies and deal with the issues that control the exchange rate.”

According to him, “what controls the exchange rate is your reserve and what controls your reserve is your export.”

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Man Stabs Girlfriend To Death In Lagos

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The Lagos State police have arrested a 47-year-old man, identified as Emmanuel Chukwuma, for stabbing his 45-year-old girlfriend, Bosede Adefehinti, to death on 7th Avenue, Festac.

Naija Latest Gist learnt that the suspect, popularly known as Oliver on the street, and the deceased have been living together as boyfriend and girlfriend.

An eyewitness who spoke to Vanguard said it was not the first time the lovers had issues, adding that an inferiority complex on the part of the man had caused the fight.

He said, “Yesterday around 2:30 pm, Oliver stabbed his girlfriend, and after stabbing her, he tried to kill himself by jumping into the well, but we stopped him and called the police.

“They are not married, and this is not the first time they have had issues, but yesterday’s was beyond anything before.

“What I believe caused the fight was an inferiority complex on the man’s part because he has no job and helps his girlfriend sell herbal medicines, popularly known as Agbo—a concoction prepared from a variety of herbs.

“So most times, when he’s selling, the girlfriend leaves the shop while he remains there, sometimes receiving banter from the customers.”

Confirming the incident, the Lagos State Police Spokesman, SP Benjamin Hundeyin, said the suspect has been arrested, and the case file will be transferred to the Homicide section, Panti.

He said, “At about 3:10 pm, a distress call was received that one Emmanuel Chukwuma, aged 47 years, stabbed his girlfriend, Bosede Adefehinti, aged 45 years, to death.

“Immediately, detectives and a patrol team visited the scene of the crime. The suspect was arrested from the well where he hid.

“Photographs were taken while waiting for Lagos State health staff for the possible evacuation of the corpse to the mortuary.

“Meanwhile, the case file will be transferred to the Homicide section, Panti.”

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JUST-IN: 100 Terrorists Dead As NAF Strikes, Police Rescue Kidnap Victims In Katsina

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Nigerian Air Force fighter jets

The Nigerian Air Force (NAF) conducted a nighttime operation in the Kuka Shidda camp, Faskari local government area of Katsina State, killing over 100 terrorists.

Naija Latest Gist reports that the operation, conducted by Operation Hadarin Daji troops, targeted a criminal group affiliated with notorious terrorist kingpin Yusuf Yellow and his close associate Rabe Imani.

In a statement from Katsina State governor’s spokesman, Ibrahim Kaula, it was revealed that more than 45 motorcycles were destroyed in the airstrikes.

He emphasized that the recent air raid by the Nigerian Air Force in the Faskari-Kankara axis had significantly disrupted the bandits’ activities there, marking the third successful development in the state.

Kaula also mentioned that a prompt response by security forces foiled a kidnapping attempt in the early hours of Sunday morning in Jibia local government area of the state, resulting in the rescue of three victims.

The statement partly read, “A credible police source disclosed that the distress call regarding abduction of some residents in Kwata area, Jibia local government area was received around 4:15 am.

“Without hesitation, a Supol led an APC patrol team to the scene. They arrived to find armed bandits holding three women captive. Acting swiftly, the team blocked the kidnappers’ escape route, leading to a confrontation. A gunfight ensued, pressuring the criminals to flee.

“Thankfully, all three kidnap victims – Ummulkhari Abubakar (23) Shafa’atu Abubakar (35), and Maryam Lawal (15) – were rescued unharmed. The team also ensured the safety of a six-month-old baby boy named Ismail Usman, who was among those abducted.

“The source indicates that the security forces exercised commendable restraint during the operation, expending only 14 rounds of ammunition and 20 smoke canisters.”

The statement emphasized that the swift response saved lives and sent a clear message to criminals that such acts will not be tolerated.

It further highlighted the NAF and local law enforcement’s firm commitment to protecting Katsina State’s citizens from criminal activities.

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Video trends as President Tinubu falls while climbing a parade car for Democracy Day celebration today (Watch)

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Video trends as President Tinubu falls while climbing a parade car for Democracy Day celebration today Watch 696x348 1

President Bola Ahmed Tinubu is one of the trending conversations online as he falls while climbing a parade car for Democracy Day celebration.

This is coming after the 72-year-old president of the Federal Republic of Nigeria delivered the Democrazy Day speech.

Today, June 12th 2024 is the 25th Democrazy Day celebration of Nigeria, meaning the country is celebrating the silver anniversary of our journey in democracy.

While delivering his Democracy Day speech, Prsident Tinubu said that he was among those who took the risk to midwife the birth of democracy in the country.

He added that he understands the economic difficulties we face as a nation and by extension tells Nigerians to be more positive while promising to move Nigeria forward.

After delivering the Democrazy Day speech, Bola Ahmed Tinubu raises eyebrows online as he falls while climbing a parade car for Democracy Day celebration today.

The security details had to quickly rushed to him after he fell down and tried to raise him up.

Watch the video below;

 

See reactions below;

tufab: Please sir don’t fall. You must finish your 12 years tenure oo. 🙏.

sonita_the_virtuous_girl: If this falling sweet you gather here>>>>😂😂😂.

veevyann: Naso prices of Foodstuffs go take fall this week in Jesus name🤲🏾.

lyric_onyems: Nice one! 😂😂😂😂😂😂😂😂😂😂.

nkemakonamu’: We are still standing on your mandate and you are already falling 😞.

castroevans1:He will be flown abroad and billions will be spent for his check-up… meanwhile, the common won’t be able access Healthcare, meanwhile doctors here would be paid a meagre stipend called salary…

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