VIDEO: Young guy shot dead during money Scarcity protest in Akpakpava, Benin, Edo state KossyDerrickBlog KossyDerrickEnt

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Wednesday, February 15, 2023

VIDEO: Young guy shot dead during money Scarcity protest in Akpakpava, Benin, Edo state

Information reaching Kossyderrickent has it that Young guy shot dead during money Scarcity protest in Akpakpava, Benin.

Protests engulfed many parts of Benin City, the Edo State capital, on Wednesday following the inability of residents to spend their old naira notes, with the protesters targeting mostly banks.

From Ekehuan Road to Uselu Shell to Akpakpava to Ring Road and many other parts of the city, the protesters expressed their anger that commercial bus drivers were rejecting the old naira notes in their possession and traders were also insisting on the new notes.

Akeredolu spoke while receiving members of the Youth Directorate of the Presidential Campaign Council, PCC, of the APC led by Seyi Tinubu, disclosed that the rating of the APC has drastically dropped with the naira and fuel shortages in the country.

He also urged President Muhammadu Buhari to direct Emefiele to reverse the naira redesign policy now, adding that the new and old notes should be allowed to co-exist.

Akeredolu noted that despite an existing court injunction, the old notes seem to have ceased to be legal tender in the country.

“We have a problem we are facing in this country today. Our rating as a party is not that favourable. Let’s not deceive ourselves. Must it be now that we will have this financial policy?

“Okada, taxis, banks are not taking old notes again. There is an injunction, and everyone is behaving like there is no injunction.”

On his part, Seyi Tinubu, son of the APC presidential candidate, Bola Ahmed Tinubu, appreciated Akeredolu for his commitment to youth development and inclusion in the state.

NEF Spokesman, Hakeem Baba-Ahmed stated this on Tuesday on The 2023 Verdict, Channels Television’s special election programme.

He said the President should not have allowed this kind of “fiasco” to come into play in the last days of his eight-year administration and on the “eve of an election when you are actually campaigning to have your own party voted for’.

“This money thing is a major demarketing thing for the APC,” Baba-Ahmed said.

“If the worst enemy of APC had design strategy for them to lose this election, he couldn’t have chosen a better fiasco around the reprinting of the naira.”

According to Akeredolu, the CBN governor ought to have been booted from office when he showed interest in contesting for the presidential ticket of the All Progressives Congress, APC.

The governor added that with the failed bid of Emefiele to contest the primary, he would ensure that he disrupts the 2023 polls.

The two governors arrived in the courtroom around 8:30 am in the company of their supporters and top government officials.

The Federal Government is expected to engage in a legal battle with three states challenging the implementation of the Cashless Policy Regime introduced by the CBN.

They were seeking to stop the FG and CBN from implementing the naira redesign policy that would make old naira nores of N1,000, N500 and N200 cease to be legal tender.

The home state of President Muhammadu Buhari, Katsina, equally persuaded the apex court to allow it to join the other states to challenge the decision.

However, Edo and Bayelsa, filed motions to be joined as defendants in the suit that was initially filed by three northern states- Kaduna, Kano and Zamfara- which originally had only the Attorney-General of the Federation as the sole defendant in the matter.

On its part, Rivers State told the apex court that its own case was different, saying it specifically intends to challenge the N5 million and N100 million withdrawal limits that were set by FG.

Following the joinder of the states, the seven-man panel headed by Justice Inyang Okoro, ordered an amendment of the Originating Summons.

Meanwhile, the governors of Kogi and Kaduna states, Yahaya Bello and Nasir El-Rufai, were in court to witness the proceedings.

The suit has been adjourned till Wednesday for hearing.

The court said it would consolidate all the cases, though it declined to extend the ex-parte order that barred FG from implementing the new monetary policy that was introduced by the Central Bank of Nigeria, CBN.

However, the court warned the parties, that having submitted the matter for adjudication, they are not to take any action that would affect the subject matter of the litigation.



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