Kimpossible

by Femi Asu The naira extended its decline on Monday, sliding to an all-time low of 527 against the dollar at the parallel market. The local currency, which has been on a downward trend in recent weeks, fell to 524 against the greenback on Friday from 522/$1 on Thursday. At the Investors and Exporters’ window, the naira, however, strengthened to 411.63/$1 on Monday from 412/$1 on Friday, according to FMDQ Group. The naira had strengthened to 506/$1 on August 4 after plunging to 525/$1 at the parallel market on July 28, a day after the Central Bank of Nigeria stopped foreign exchange sales to Bureaux de Change. The CBN Governor, Mr Godwin Emefiele, had on July 27, at the end of the Monetary Policy Committee meeting, announced the stoppage of forex sale to the BDCs, saying they had turned themselves into ‘agents that facilitate graft and corrupt activities of people who seek illicit fund flow and money laundering in Nigeria.’

  Working from home in five days quarantine as required by the Presidential Steering Committee on COVID-19 after returning from London on Friday August 13, the President assented to the Bill Monday August 16, in his determination to fulfill his constitutional duty. The ceremonial part of the new legislation will be done on Wednesday, after the days of mandatory isolation would have been fulfilled. The Petroleum Industry Act provides legal, governance, regulatory and fiscal framework for the Nigerian petroleum industry, the development of host communities, and related matters. The Senate had passed the Bill on July 15, 2021, while the House of Representatives did same on July 16, thus ending a long wait since early 2000s, and notching another high for the Buhari administration.

 It is getting more interesting, read the response of the lawyer( Counsel to Israel Balogun) and make your judgement:  MIRACLE MONEY: A PERSON WITHOUT CHARACTER CANNOT BE DEFAMED: A REPLY TO APOSTLE SULEMAN Our attention has been drawn to a misleading and provocative press statement issued by Samuel Amune, Esq., one of the counsel to Apostle Johnson Suleman, which has been circulated online and also published on all social media accounts of his client (Apostle Suleman) in response to the widely condemned arrest and detention of my client, Israel Goodnews Balogun. We would have simply ignored the said statement while still waiting for Apostle Suleman and his miracle money angels to testify in a court of law to validate the very ludicrous and mendacious claims that angels deposited money into the bank accounts of worshippers at Omega Fire Ministries programmes in Auchi, Edo State and Atlanta, Georgia, USA. But we are impelled to respond for the sake of innocent members of t...