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COAS APPOINTMENT: No Senior Officer in the Army is Compelled to Retire – DHQ.

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By Ejiroghene Fifen.

The Nigeria Defence Headquarters says that no senior officer is compelled to retire in the army as been peddled in some quarters that the appointment of Major General Farouk Yahaya a course 37 officer as the new Chief of Army Staff COAS will lead to mass Retirement in the army.

Briefing Newsmen in Abuja, The Acting Director, Defence Media Operations, Brig.-Gen. Bernard Onyeuko said this is not true stating clearly that retirement is on Voluntary basis for senior officers who desire to do so.

In his words, ” At this point you are all aware of the appointment of the new Chief of Army Staff, Major General Farouk Yahaya. This has stirred up lot of rumours in the media about mass retirements in the military. I wish to use this medium to dispel such unfounded rumours. Retirement is only on voluntary basis for senior officers who desire to do so. At this point, no retirements has been authorized by the Military High Command.” He noted.

While speaking on the security situation across the country General Onyeuko said the current successes recorded against insurgents, bandits and criminal elements across the country will be sustained.

He started that the Armed Forces of Nigeria and other sister agencies between May 20 and June 2, 2021 has recorded a lot of successes in different theatre of operations across the country

General Onyeuko said ” it is worthy of note that these operations are conducted simultaneously in the various theatres of operation on daily basis across the Country”.

” Within the period in focus, troops of the Armed Forces of Nigeria intensified their operational efforts in the fight against terrorism, banditry, hoodlums and militancy as well as other criminalities across all the geo-political zones of the Country. Troops conducted series of clearance patrols, ambush, raid, picketing, cordon and search operations as well as artillery bombardments.

” Others are anti-piracy, anti-illegal oil bunkering, anti-crude oil theft, anti-pipeline vandalism and anti-smuggling operations were also conducted within the period. There were also extensive air operations, which included air patrols, Intelligence Surveillance and Reconnaissance missions, offensive air strikes, air interdictions, search and rescue operations as well as close air support for ground troops.”

According to Gen. Onyeuko troops of Operation Hadin Kai between May and June 2 rescued kidnapped victims, neutralized scores of terrorists, destroyed terrorists’ enclaves, arrested terrorists and intercepted terrorists’ logistics items including vehicles. The troops also cordoned and search, raid operations and arrested Boko Haram logistics suppliers at different locations in Yobe state.

Troops of Operation Hadarin Daji within the period under review also conducted and executed series of concurrent operations which led to the arrest of kidnappers, bandits, gun runners, where scores were neutralized and a large cache of arms and ammunition recovered.

General Onyeuko also mentioned that other theatre of operations across the country also recorded huge successes.

General Onyeuko added that The Military High Command will not be weary of appreciating the general public for their support and continue to encourage them to provide credible and timely information that will facilitate our proactive engagements in the theatres of operations.

He used the medium to assure officers and men in different theatre of operations of the commitment of the Military High Command to see to their wellbeing while commending efforts of the gallant troops of the Armed Forces and personnel of other security agencies involved in various operations across the country for their resilience and indefatigable commitment.

 

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2022 Ekiti Guber Poll: Biodun Abayomi Oyebanji is now the Governor Elect

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Ekiti Governor Elect, Biodun Abayomi Oyebanji
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Breaking: APC Governorship candidate Biodun Abayomi Oyebanji has emerged the winner of Ekiti Guber Poll with 187,057

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Breaking: Tinubu pays surprise visit to Osinbajo

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Vice President Yemi Osinbajo and APC Flagbearer, Bola Ahmed Tinubu
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Presidential candidate of All Progressives Congress APC, Ahmed Bola Tinubu, has paid a surprise visit to one of the aspirants in the just concluded presidential primary ,Vice President Yemi Osinbajo at his Abuja residence on Thursday night.

A source in the presidency said Tinubu had earlier visited the President at his residence in the Presidential Villa and afterward decided to make a surprise call on Osinbajo alongside Lagos State Governor Sanwo-Olu.

According to the source, Osinbajo was in a meeting with Senator Kabiru Gaya, former Defense Minister Rtd Major General Dan Ali, and other associates.

Vice President Yemi Osinbajo came third with 235 votes in the just concluded presidential primary in Abuja.

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Two years after, CBN jack up interest rate to 13%

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Godwin Emefiele - CBN Governor
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The Central Bank of Nigeria’s Monetary Policy Committee has jacked up benchmark interest to 13 per cent, 150 basis points above the previous rate.

It is the first change since September 2020.

Addressing journalists on Tuesday after the committee’s142nd and third meeting for the year at the CBN headquarters in Abuja, CBN, Emefiele said the action was to tame the rising inflation rate in the country.

He said the committee voted to maintain the CRR at 27 percent and the Liquidity Ratio at 30 percent while the asymmetric corridor of +200 and -700 basis points around the MPR was also adopted.

He was concern that the impact of the CBN development finance initiatives was being threatened by an astronomic rise in inflation rate and explained that the MPC was faced with the dilemma of managing two parallel trends at the same time.

The CBN governor, however, said the rate on development finance loans will remain at 5 percent till 2023.

“Six members voted to raise the MPR by 150 basis points, four members by 100 basis points and one member, by 50 basis points.

“Members expressed deep concern about the continued uptrend of inflationary pressure in spite of the gradual improvement in output growth.

“Committee notes that the current rise in inflation is inimical to growth and the full recovery of the Nigerian economy,” he said.

The committee urged the federal government to do more to provide a safe and secure environment for economic activities to stimulate growth.

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