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Our God is aware of our afflictions and always hears our cries and lamentations as victims of oppression, repression, and suppression. Our God  will deliver us. Let us make a request to our God: give us clear minds to make decisions and also the courage to do the necessary at the appropriate time. Read Exodus 3:1-15 The Local Scene General unemployment and widespread poverty now characterize daily living in different parts of the Federal Republic of Nigeria. The glaring absence of constant interaction between Nigerians and their leaders may be a clog in the wheel in translating the aspirations of millions of Nigerians into concrete reality. Indeed, hope for the introduction of policy measures that will address the needs of the people has dimmed considerably. Sadly, oppression, repression, and suppression have become instruments of governance in this dispensation. The confidence and bravery exhibited by criminals in promoting their stock in trade in several communities, particularly...

Foreign Remittances Payment in Naira-On Going Manipulation by Government-Femi Falana


Human Rights Activist and Lawyer, Mr. Femi Falana(SAN) has described the decision of the Federal Government to order International Money Transfer Operators and money deposit banks to pay Dollar remittances in Naira as an ongoing manipulation by the government.

Mr. Falana(SAN) made this assertion on Saturday on a Radio program monitored in the South West Geo-Political zone of Nigeria.

The Central Bank of Nigeria(CBN) had issued a circular dated January 31, stipulating that all in-bound money transfers to Nigeria will only be paid in Naira through a bank account or in cash at the prevailing rate on the Nigeria Foreign Exchange Market.

''The government is not looking at the records. I wrote a petition in 2017, someone sent me money from America, and at the bank where I collected the money, which was not complete, I asked for the shortfall. The banks in foreign countries are benefiting from these monies. Go on the market, the Dollar goes for N1,500, by the next day the price will change. If Diaspora remittances are put at $25 Billion, where does the money go to and recipients are paid in Naira?  We have passed through this part before. It is part of the manipulation that is going on,'' Mr. Falana stated.

He maintained that food security could only be guaranteed when Nigerians, '' mount pressure on the government to invest in mechanized farming, it is no longer feasible to feed our people with cutlasses and hoes. Nigeria has arable land. It is wasting. The government must provide security for farmers.''



 



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