CBN bars 9 commercial banks from all foreign exchange transactions/operations and other major headlines you missed today!

Dear KFBers, we have got loads of interesting stories in tonight's #MajorHeadlinesYouMissedToday feature...enjoy

NAFDAC alerts Nigerians of fake alcohol in circulation

The National Agency for Foods and Drugs Administration and Control (NAFDAC) has alerted Nigerians of fake alcoholic drinks, especially dry gin in circulation. Disclosing this today, the NAFDAC Director of Special Duties, Abubakar Jimoh, said consumers of alcoholic beverages should be wary of purchasing and consuming the fake products.

According to Jimoh, drinking alcohol is bad enough but the danger of taking fake alcohol can only be imagined.

CBN bars 9 commercial banks from all foreign exchange transactions and operations

The Central Bank of Nigeria, CBN, has barred nine commercial banks from participating in all foreign exchange transactions and operations. According to the apex bank, the commercial banks were barred following their failure to remit into the Treasury Single Account the sum of $2.12 billion belonging to the nation’s oil corporation, the Nigerian National Petroleum Corporation (NNPC).‎
The nine banks comprise of three tier-one lenders and another six tier-two deposit money banks. All the banks remain barred from foreign exchange operations until they fully remit the NNPC funds into government coffers via the Treasury Single Account.
The banks are: United Bank for Africa (UBA) -$530m; First Bank of Nigeria (FBN)- $469m; Diamond Bank Plc-$287m; Sterling Bank Plc-$269m; Sky Bank Plc -$221m; Fidelity Bank -$209m; Keystone Bank- $139; First City Monument Bank (FCMB) -$125m; and Heritage Bank-$85m, totaling .

Ebonyi state governor threatens to declare 15yr old girl, Uzoamaka, wanted if she is not returned by new guardian in 7 days

Governor David Umahi of Ebonyi State has ordered the return of the 15-year-old girl, Uzoamaka Chukwu,who was stripped and tortured early this month by some people in Uburu, Ohaozara Local Government Area.

Umahi, who gave the order on Sunday when he visited the family of the teenager at Umunaga Uburu, said her return would enable state government take full responsibility of her rehabilitation & training.

Although Uzoamaka was last week reportedly taken custody of by an Ebonyi State-born Port-Harcourt-based businesswoman, Ms Rita Nnenna Anoh, Umahi said she must return within seven days or be declared wanted because she remained a property of state.

Umahi, in a statement on Sunday night by his Chief Press Secretary, Emma Anya, said, "Government is asking that wherever she is, she should come back so that we can take over her training from secondary school to university level. We will also be able to rehabilitate her.

“ We are giving seven days for her to come back. We don’t know where she is but we ask that she must return because she is the property of the state.”The governor, who also promised to improve the welfare of the girls family, reiterated his administration’s willingness to see that justice was done. He added,

"The matter is before a competent court; ,so we may not say much but on what we saw,we felt very bad as a people,as government and as brothers and sisters of Uzoamaka. "We feel that is a gross violation of her right and man’s inhumanity to man. "So we are very sad about it and that is why I directed that all of us should come to take over the responsibility of the girl.”Umahi said what government was doing was in no way going to stop the case in court, stressing that the case in court will continue to run its course.

37-year-old Nigerian man arrested in India for drug trafficking

The Bengaluru police on Monday, August 22, arrested a Nigerian national for alleged drug peddling and recovered cocaine worth Rs lakhs.

The suspect, Adinife Raphael, 37,was arrested after police received a tip-off on his activities. They raided his home on Monday in the Bengaluru police station limits. The police found out that he had destroyed his passport.
Adinife arrived India in 2010. After two years in Mumbai and New Delhi, he settled down in Bengaluru in 2012. His visa and passport expired in 2015, but he continued to stay illegally in the country. Later, he joined a group of drug peddlers, who procured the contraband material from suppliers in Goa. It is alleged that Adinife would supply cocaine to college students in east Bengaluru.
The police have registered a case against him under the Narcotics, Drugs and Psychotropic Substances (NDPS) Act, 1985.

Kaduna state House of Assembly member kidnapped, N70m ransom demanded

A member of the Kaduna State House of Assembly, Hon Ibrahim Samaila representing Tudun Wada Constituency, has been kidnapped by unknown gunmen. The lawmaker was kidnapped at ‎Abakpa community in Kaduna North Local Government area of the state yesterday August 22nd.

The kidnappers who drove in a Sienna space bus, double-crossed the car the lawmaker was driving in, shot into the air to scare off passers-by and pulled the lawmaker into their vehicle.

Samaila's abductors have contacted his wife and are demanding N70 million ransom.

Confirming the incident, the spokesperson of the state police command, Aliyu Usman said the technical and anti-kidnapping squad of the command were already on the trail of the kidnappers.

I will wipe out Boko Haram from Nigeria – Buhari

President Muhammadu Buhari, on Tuesday, expressed his administration’s resolve to flush out Boko Haram and extremism from Nigeria’s territory.
Speaking at an event in Abuja, the President condemned the activities of Boko Haram terrorists.
Represented by the Vice President, Yemi Osinbajo, Buhari who described the activities of the terrorist group as “mindless,” said, “The government is determined to ensure that the safety of every single Nigerian is a priority; this is why I have repeatedly ordered our law enforcement agents to ensure that perpetrators of violent acts are arrested and made to face the law.

“We will not allow anyone, under any guise, whether it is politics, culture or religion to violate life or property of another citizen. This is the oath to which I swore and I will uphold it at all cost.”

$10bn trapped overseas due to FG’s unfavourable policies – LCCI

Dr Vincent Nwani, Director, Research and Advocacy, Lagos Chamber of Commerce and Industry (LCCI), said Nigerian businessmen have refused to repatriate about 10 billion dollars, citing “unfavourable domestic policies’’.
Nwani announced this at a stakeholders’ dialogue on the manufacturing sector in Nigeria on Tuesday in Abuja.
He called for an urgent review of the policies such as restriction of 41 items from access to foreign exchange and high interest rate affecting businesses in the country.
According to the LCCI boss, about 16 of the 41 items on the restriction list were critical raw materials for intermediate goods produced in Nigeria.
“The ban on oil palm has led to the loss of about 100,000 jobs over the last couple of months, with major blue chip companies in Nigeria relocating to neighbouring countries.

“The ban on glass and glassware has led to the loss of 80,000 jobs, mainly in the pharmaceutical industry, as companies in this sector now find it difficult to package their products.

“Local production of oil palm is 600 metric tonnes annually, but the total demand of the country is 1.8 million metric tonnes,” Nwani told the forum, organised by NOI poll.

He added that Presco Oil currently had orders of up to December 2017 to fill, adding that it was presently hard-pressed with demands.

Man abandons wife, marries mother-in-law

A 22-year old Indian man, Mahto Suraj, has reportedly abandoned his wife and married his mother-in-law, Asha Devi.
Mahto claimed to have fallen in love with his 42-year-old mother-in-law when she came to stay with him and his wife, Mahto Lalita, in the village of Puraini in Bihar, in the north-eastern part of India in 2015, but two months into his marriage to his mother-in-law, Mahto says he has realized his mistakes, Gulf News is reporting.
He is now seeking a divorce from his mother-in-law and wants to go back to Lalita, his abandoned wife.
Meanwhile, when Lalita got wind of their romance, she asked her mother out of her matrimonial home but her husband objected and later eloped with Devi to a neighbouring town where he married her.
Mahto went ahead to marry his mother-in-law despite oppositions from villagers.
However, after two months of marriage, the ‘couple’ is begging for forgiveness.
Mahto said he has come back to his senses and wants to go back to his wife.
Speaking, he said, “I have come to realize my foolishness. I admit I have committed the mistake, but will never repeat in future. Now, I no longer treat her (Devi) as my wife, rather, I have started paying her regard as a mother and an in-law that she is.

“I am on my knees, I’m begging Lalita to take me back home for the sake of our son,” Mahto added.

On her part, Devi reportedly said she has realized her mistake.

She, however, sought for forgiveness, saying she will divorce her son-in-law.

Devi said, “I no longer treating him as my husband, but as a son-in-law.

“We have already filed a divorce petition in the court and I want to return to my husband as soon as possible,” she added.


  1. Hmmm.. Strange news everyday. Thanks KFB!

  2. This is nice, keep up with the good work

    Blog @ www.infogistz.com

  3. Why's the governor threatening to declare the poor girl wanted? Hasn't she been through enough?

    She's fine where she is. What's the assurance that these promises of theirs will be fufilled. They should let her be abeg.

  4. Why's the governor threatening to declare the poor girl wanted? Hasn't she been through enough?

    She's fine where she is. What's the assurance that these promises of theirs will be fufilled. They should let her be abeg.


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