Good morning! Here is today’s summary from Nigerian Newspapers:
1. The Federal Government yesterday directed financial institutions and designated non-financial businesses and professions to maintain full compliance with sanctions obligations by freezing the assets of terrorists financiers. The directive came against the backdrop of sanctions imposed on a Nigerian financier of ISIS, along with his three Bureaux De Change in Lagos and Kano, by the US government.
2. Foremost constitutional lawyer and human rights crusader, Professor Mike Ozekhome, has been relieved of the prestigious rank of Senior Advocate of Nigeria, SAN. Ozekhome, a professor of law, was suspended from the SAN rank by the Legal Practitioners’ Privileges Committee, LPPC at its 173rd General Meeting.
3. The Naira on Wednesday depreciated to N1,385 per dollar in the parallel market from N1,380 per dollar on Tuesday. Likewise, the naira depreciated to N1,389 per dollar in the Nigerian Foreign Exchange Market, NFEM.
4. Minister of the Federal Capital Territory and National Leader of the Peoples Democratic Party, PDP, Nyesom Wike, on Wednesday, urged party members to prepare for a fierce political battle ahead of the 2027 general elections, declaring that political power is never given but taken through struggle, sacrifice and hard work. Addressing the PDP’s 109th National Executive Committee, NEC, meeting in Abuja, Wike told party faithful that opposition politics demands resilience.
5. Operatives of the National Drug Law Enforcement Agency, NDLEA, have uncovered and dismantled an industrial-scale clandestine methamphetamine laboratory in a forest at Tapa Village, Ibarapa North Local Government Area of Oyo State, arresting a
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