Agency Report
By Muhammad Tijjani
The Nigerian Army graduated 647 “Special Forces’’ of the “Exercise Restore Hope III’’, at the Nigerian Army Training Camp in Kachia Local Government Area of Kaduna State on Thursday.
They comprised 13 officers, 134 Senior Non-Commissioned Officers and 500 soldiers of the 82 Regular Recruits Intake.
They were trained in Advance Infantry to enhance the security manpower of the nation.
Addressing the troops at their final exercise, the Chief of Army Staff, Lt.-Gen. Farouk Yahaya, said the personnel would be deployed to various theatres of operations.
He said a lot of skills and competencies had been instilled in the troops, and the effectiveness of their weapons was a great advantage in achieving successes in operations.
“We have trained troops in the `Exercise Restore Hope One and Two’, and this is the third one; those trained earlier have been impactful where they were deployed.
“These ones of the third edition of the `Exercise Restore Hope III’ will be deployed to areas that we still have issues,’’ he said.
Yahaya warned bandits, terrorists, kidnappers and other criminals to repent and shun their evil acts or continue to face the full wrath of the law.
“We have the capacity and means to reach the criminal; we will ensure no hiding place for anyone who takes up arm against the state wherever they may be,’’ he said.
“The earlier the criminal elements toe the path of peace and development, the better for them; if they don’t, we will get them and speak to them in the language they understand better.’’ Yahaya stressed.
He added that as the 2023 elections moved closer, security agencies were prepared to ensure an environment conducive for the success of the exercise.
After the ceremony, the Chief of Army Staff commissioned the Nigerian Army School of Artillery Students/Officers’ Accommodation and Soldiers Club.
The graduates were trained on long-distance shooting at 300 metres, Sniper Shooting at 500 metres and shooting after physical effort under timing with effects, and small team tactical movement to rescue hostages, among others. (NAN)
Naira redesign: CBN directs banks to work on Saturdays
The CBN also reminded Nigerians that the existing currency will cease to be legal tender by January 31, 2023.
The Central Bank of Nigeria (CBN) has instructed commercial banks in the country to work on Saturdays till January 31, 2023, to enable Nigerians return old naira notes for new ones.
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This comes as the date for the introduction of the redesigned N200, N500, and N1,000 banknotes draws near.
Recall that CBN governor, Godwin Emefiele, had announced in October that new series of three banknotes will be redesigned, produced, and released into circulation from December 15, 2022.
Speaking at the CBN fair in Ilorin, Kwara State capital, on Thursday, November 17, 2022, the CBN Director, Corporate Communications Department, Osita Nwasinobi, explained that the new and existing notes shall remain legal tender until January 31, 2023, when the existing notes shall cease to be legal tender.
The CBN fair has as its theme, “Promoting financial stability and economic development.”
Nwasinobi, who was represented by Akpama Uket, the Acting Director, Corporate Communications, CBN, said that Deposit Money Banks (DMBs) have been directed to immediately start returning the existing currencies to the CBN.
Nwasinobi's word: “They have also been instructed to receive the existing banknotes beyond the threshold stipulated by the Cashless Policy without charges to customers.
“Consequently, you must return all the current N200, N500 and N1,000 banknotes to your bank before the expiration of the deadline.”
The CBN boss also said that the redesigning of the Naira notes was for macroeconomic stability, noting that the aim was to build a strong, stable and resilient economy that is self-sustaining and ability to weather unanticipated shocks.
Nwasinobi's word: “The bank will achieve this by applying appropriate monetary policy tools, reining inflation and continuously encouraging a productive economy through interventions.”
In a related development, Pulse reports that he Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, said the new currency policy may cause dollar to drop to N200.
Bawa, who also dismissed insinuations that the policy was politically motivated, urged Nigerians to report any person with siphoned monies.
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