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eNaira: Changing the narrative of financial transactions in Nigeria

By Abbas Badmus

The idea of eNaira comes from the ever-expanding developments in digitalization and the need for a secured means of effecting transactions across borders. 

eNaira is a central bank digital currency issued and regulated by the Central Bank of Nigeria (CBN). As a compliment to the existing forms of CBN-issued legal tender currency, the eNaira serves as both a store of value and a medium of exchange, offering efficiency in Nigeria’s payment ecosystem.

President Muhammad Buhari launched the eNaira on 25 October 2021, under the slogan: “Same Naira, More Possibilities”.

The introduction of the eNaira by the CBN immediately put Nigeria in the global spotlight as the first African country to launch the Central Bank Digital Currency (CBDC).

If fully embraced, there are several benefits for Nigerians and the business community, thereby eradicating many issues surrounding cash transactions.

Some benefits include speedy delivery, safe, simple trading and transactional opportunities for customers and end-users.

More specifically, the benefits to the merchants and business owners include reduced cash handling cost, elimination of failed transactions, instant settlement, increased speed of transactions, improvement in records keeping and elimination of Challenges associated with giving change to customers, amongst others.

Recently, CBN Deputy Governor, Economy Policy, Dr Kingsley Obiora, made it known in the just-concluded Abuja eNaira Merchants Mega Events held at Abuja Chambers of Commerce and industry that there is a reward scheme for merchants and business owners using the eNaira platform.

“I am pleased to inform you that the central bank of Nigeria approved a reward scheme for merchants and other users of the eNaira.

“This reward scheme includes providing merchants with the required scheme includes providing merchants with the required promotional (marketing) materials, subsidizing the current merchant service charge by 50% and activation of a nationwide sensitization which early business adopters of eNaira can leverage on to market its wider adoption “.

It is also important to note that the eNaira platform can now facilitate payments using QR codes, USSD, Wallet ID and eNaira wallet tag. Value-added services on the platform include branch or sub-wallets, employee management, and interoperability with other enterprise applications. Furthermore, these services are provided in a secure environment as the eNaira platform was built using a secure security protocol.

Ample opportunities for increasing business income abound through the adoption of eNaira. For instance, the availability of the eNaira payment option on e-commerce merchant platforms such as Remita is expected to complement the existing digital payment system, translating to about 50% increments in e-commerce transactions at a lower cost.

Going by the innovations and advantages of the eNaira, and the greater understanding that the relaunch is expected to build, it is most likely that the eNaira will, in no distance time, be embraced to enhance financial inclusion further.

Abbas Badmus is with TechDigest Abuja and can be reached via abbasbadamasi946@gmail.com.

ASUU Strike: Lecturer puts library for sale in Maiduguri

By Uzair Adam Imam

An aggrieved lecturer at the University of Maiduguri has put his personal library for sale as the dispute between the Federal Government and the Academic Staff Union of Universities (ASUU) lingers.

The lecturer, Othman Abubakar, disclosed this in a short note, which The Daily Reality verified, titled, “Goodbye To Education In Nigeria, No Hope”.

The Daily Reality recalls that ASUU has been on strike since February 14, 2022, resulting in the shutdown of public universities nationwide for over seven months.

The union is protesting against alleged infrastructure decay at various institutions and neglect of its members’ welfare.

Abubakar said, “With the destruction of university education in Nigeria today, and the starving of university lecturers by the insensitive APC government, I no longer need these books. 

“Those that still believe that education in Nigeria is important, please come to my office at the address below and buy these books at your own price l am available in the office from 9 am to 5 pm daily, including weekends.

“Access Address: Department of English and literary studies, University of Maiduguri. Sign. Dr Abubakar Othman,” he stated.

Currently, the case between ASUU and FG is in court as the FG dragged the union before the court to put an end to its lingering strike that led to the shutdown of all public universities nationwide.

Court nullifies Zamfara PDP gubernatorial primaries

By Uzair Adam Imam

A Federal High Court in Zamfara State has invalidated the Peoples Democratic Party’s (PDP) primary election that produced Alh. Dauda Lawal as the state gubernatorial candidate in the 2023 general election.

Alh. Ibrahim Shehu Gusau, former federal lawmaker, who contested against Dare in the primary election, took the case to the court seeking justice, adding that there had been many irregularities in the election.

However, the court, preceded by Justice Aminu, invalidated the election and ordered that fresh primary election must be conducted to ensure justice and fairness to all parties.

Barrister Ibrahim Ali, counsel for the plaintiff, while speaking to journalists shortly after the judgement, said, “The court looked at the merit of the matter and decided the case in favour of the plaintiffs.”

He added, “Our prayers were that the primary elections conducted by a committee led by Adamu Maina Waziri be nullified by the court and order be given by the court for the conduct of a fresh election in line with the PDP’s constitution and guidelines. All our prayers have been granted.

“The judgment was well evaluated because we proved our case beyond reasonable doubts and we are happy with the decision of the court.”

Court jails man,52, for raping, impregnating daughter

By Uzair Adam Imam

A 52-year-old man who raped and impregnated his 18-year-old daughter wept for mercy as Ikeja Special Offences Court sentenced him to 21 years imprisonment on Thursday.

The convict identified as Akin Isaac knelt down in tears to plea with the court for mercy, saying he had an aged mother to look after.

During the court sitting, the prosecutor said that the defendant had started having intercourse with his 18-year-old daughter while she was six years old.

The Daily Reality recalls how police in Ogun State had arrested a 46-year-old Olusegun Oluwole for allegedly raping his 17-year-old daughter on weekends.

His arrest followed a complaint lodged at Ibara police station in Abeokuta by the man’s owned daughter (name withheld).

This was disclosed in a statement Sunday by the state Police Spokesperson, Abimbola Oyeyemi.

Oyeyemi said the father forcefully raped his own daughter and threatened to kill her if she dared to tell anyone about the incident.

He stated that, “the girl said while she was sleeping in their one room apartment at Amolaso area of Abeokuta, on a night, her father, having observed that others were fast asleep suddenly grabbed her and forcefully had sex with her.

“On interrogation, the father of six, who confessed to the crime pleaded for forgiveness, claiming not knowing what came over him when he committed the crime,” Oyeyemi said.

On Things Fall Apart

By Abba Musa Ibrahim

When Europeans came to Africa and said, You have no culture, no religion, no civilization, no history; Africa was bound sooner or later to reply by displaying her own accomplishments. To do this, her writers and intellectuals- stepped back into what you may call the purity before the coming of Europe. What they uncovered there they put into their books and poems, and this became known as their culture, their answer to Europe’s arrogance.   – Chinua Achebe

Things Fall Apart (1958) is a text on colonialism by Achebe. As Ngugi asserts, “There is no writing in a vacuum”. Equally, Stanley Fish, Raymond William, Edward Said, and Homi K. Bhaba, among others, strongly believe that writing consciously or unconsciously reflects political, historical or social issues at the time of its birth.

In response to Joseph Conrad’s Heart of Darkness and Joyce Carry’s Mister Johnson, Achebe came up with Things Fall Apart to rectify the distorted image of Africa popularised by the Europeans. As he was quoted, “My role as a writer is to help my society regain belief in itself and put away the complexities of years of denigration and self-abasement”.

Things Fall Apart is recognized as one of the 100 novels ever written in history. It has also been translated into more than 50 different languages. Achebe gets the title of the text from W.B Yeats, an Irish poet, in his poem, “The Second Coming.”

“Turning and turning in the widening gyre

The Falcon cannot hear the falconer

Things Fall Apart; the centre cannot hold

Mere anarchy is loosed upon the world.”

The text has 165 pages, twenty-five chapters, and three phases, each discussing a distinct matter. The first part talks about the culture, tradition, norms and values and political system of Igbo society. Meanwhile, the second part talks about the major character, Okonkwo’s exile to his mother’s kinsmen in Mbanta when he kills a boy during a funeral festival. Then, lastly, is the happenings that lead him to hang himself.

The first part of the text opens with Okonkwo, who gets renown by wiping the floor with Amalinze; his celebrity circulates far and wide. He’s also a man of action, industrious and works tirelessly to go contrary to his bone idle and workshy father. Ikemefuna is brought to Okonkwo’s household before his future is decided. Pronto, the boy, owns the love of Okonkwo.

We also glance at Okonkwo, who has four wives and children and run them with heavy hands because he wants them to shun being inactive. His strictness makes him break a week of peace by beating his wife in black and blue. He also cuts Ikemefuna down, which Ezeadu forewarns him, “That boy calls you father, do not bear a hand in his death” (P.45). He does this and takes the life of sixteen years inadvertently, which in their custom is exile for seven years.

Secondly, the second part opens in Mbaino, Okonkwo’s mother’s town, where he serves for seven years. He receives a helping hand from his boon companion, Obiereka, by looking after his remnants of farm and letting him know about the arrival of white men who wiped out Abame altogether, and oracles apprise them that;

“The strange man would break their

Clan spread destruction among them” (p.111)

He also accepts the worsened situation:

“… Now he has won our brothers and our clan

Can no longer act like one; he has put a knife

On the things that held us together and we have fallen apart” (p.141)

Thirdly, the last part of the text is on Okonkwo’s return from Mbaino, where he loses his celebrity and social prestige. He finds out that white missionaries take everything up. They erect churches, courts, government and schools. He stands up against missionaries, fighting back his fame, social prestige and customs. But, drearily, he fails by not getting any co-operation from his clan, and this frustrates him to the core, and he takes his own life.

Abba Musa Ibrahim can be reached via abbamusa6888@gmail.com.

Police arrest man who defrauds POS operators with charms

By Uzair Adam Imam

The Anambra State Police Command disclosed that its personnel has arrested one Chisom Nwedeke, 26, accused of using charms to defraud POS operators in the state.

The Command Spokesperson, Ikenga Tochukwu, in a statement issued on Thursday said the suspect has confessed the crime.

He stated that Nwedeke was arrested yesterday at about 9am along Amawabia, Awka South Local Government Area of Anambra State.

The suspect said he used to cut plain white papers in the size of money and gave them to POS operators for deposit.

Tochukwu told Journalists that investigations were on top gear to arrest his other gang members.

Scores killed in ISWAP, B/Haram rival clash in Borno

By Uzair Adam Imam

A rival battle broke out between the late Abubakar Shekau’s Boko Haram faction and Islamic State West Africa Province (ISWAP) militants.

The Thursday incident also led to the killing of notorious commander Kundu and several other fighters at Dikwa and Bama local government areas of Borno State.

Reports disclosed that Kundu and his team members were on a robbery mission when ISWAP stormed them on six motorcycles, conveying three fighters on each, carrying deadly machine guns.

A security analyst and a counter-insurgency in Lake Chad, Zagazola Makama, confirmed the fight.

He said, “A heavy fight ensued between the terrorists resulting to dozens of casualties on the side of the Boko Haram terrorists, while few ISWAP terrorists were wounded.

“The Boko Haram terrorists took to their heels, leaving their motorcycles to the ISWAP terrorists.”

Buhari grants Nigerian citizenship to 286 foreigners

By Muhammadu Sabiu

A total of 286 foreigners, including 86 Lebanese, 14 Britons, and 4 Americans, received Nigerian citizenship on Thursday in Abuja from the Federal Government.

At the State House, President Muhammadu Buhari granted the affected foreign nationals the status of Nigerian citizens.

By means of naturalization, 208 qualified individuals who signed the declaration declaring themselves to be Nigerians received citizenship.

After they had formally uttered the national pledge and oath of allegiance for Nigeria, the remaining 78 were granted the same status by registration.

Speaking at the occasion, Mr Buhari gave the Nigerian Immigration Service (NIS) instructions to present the new Nigerians with the proper credentials right away.

According to him, this would allow people to start enjoying the prestige bestowed upon them, regardless of where they reside in the nation.

Mr Buhari asked them to uphold national beliefs and make an effort to positively impact the communities in which they live.

The president noted that the event was required under the constitution and was intended to exonerate all lawful citizens of the nation from the label of “statelessness.”

Meanwhile, Rauf Aregbesola, the interior minister, had earlier disclosed that the foreigners had undergone a series of exhaustive examinations by the country’s security agencies before being deemed qualified and deserving of Nigerian citizenship.

He was quoted to have said: “Today’s ceremony is a reminder of our common human ancestry.

”These people came from near and distant lands, from different races, religions, ethnicity, and other social affiliations and identities.”

Shell CEO resigns after nine years in office

By: Ibrahiym A. El-Caleel

British multinational oil corporation, Shell is set to wear a new face of leadership effective 1st January, 2023.This was highlighted by the corporation’s Chief Executive Officer (CEO), Ben van Beurden.

Beurden, a Chemical Engineer and Dutch national announced the development through his LinkedIn page earlier today.

“After a great 39-year career at Shell, I’ll step down as Chief Executive Officer at the end of 2022. Wael Sawan, currently Integrated Gas, Renewables & Energy Solutions Director, will take over from 1 January 2023.”, he said.

While wishing the incoming CEO the best term in office, Beurden remarked that he has great confidence in Wael as his successor. “He is a principled and dynamic leader, who I know will continue to help deliver our #PoweringProgress strategy purposefully and profitably.”, he said in the statement.

Shell is one of the oil multinational corporations involved in the exploration of oil in Nigeria. The company has been working in Nigeria since 1937, and currently has the largest footprint of all the international oil and gas companies in Nigeria.

Train Attack: Mamu’s arrest won’t halt efforts to recue remaining victims – FG

By Uzair Adam Imam

The Federal Government of Nigeria, today Thursday, has said that the family of Kaduna-Abuja train victims should be at ease as the arrest of Tukur Mamu will not halt the efforts to rescue those in captivity.

The Minister of Police Affairs, Mohammed Maigari Dingiyadi, disclosed this in Abuja after the NSC meeting presided over by President Muhammadu Buhari at the Council Chambers.

The Daily Reality reported how more than 60 passengers were abducted when terrorists attacked the train conveying them from Abuja to Kaduna. However, today marks exactly 186 days after their abduction and 23 of the victims are still in captivity while others, on the hand, who regained their freedom, were said to have allegedly paid N100 million as ransom.

The Daily Reality also reported that the bandits negotiator was first arrested in Egypt on the orders of the federal government of Nigeria on Wednesday, September 7, 2022.

He was later brought back to Nigeria where he was, again, arrested by the Department of State Services (DSS).

Our reporters learned that the train victims have not communicated with their families since Mamu’s arrest.