Politics
CURRENCY CHANGE? AT THIS TIME?

By Mahmud Jega
To folks old enough to remember the currency change exercise undertaken by the Buhari military government in 1984, Central Bank of Nigeria [CBN] Governor Godwin Emefiele’s announcement on Wednesday that the N200, N500 and N1000 notes will cease to be legal tender at the end of January next year was the sudden revival of a nightmare. He said new notes will be introduced in mid-December to replace the old notes.
CBN and government might well have a good reason to change our currency notes. Emefiele said 80% of our notes are held outside the banking sector, which he said triggered inflation and weakened the naira against foreign currencies. This was more or less the same reason that Chief of Staff, Supreme Headquarters, the late Major General Tunde Idiagbon, gave when he suddenly made a radio and TV broadcast one evening in April 1984, closed all borders and announced the currency change. Emefiele gave the added reason that kidnappers, bandits and terrorists are holding a lot of money which they got through ransom payments. He also expressed hope, guardedly, that the measure could lead to a naira appreciation.
In Nigeria, a currency change exercise has to be undertaken with the utmost secrecy, otherwise it loses its fangs because the targeted people will rush and deposit the monies in banks. Buhari/Idiagbon’s 1984 exercise was so secretive that the 20 other members of the Supreme Military Council [SMC] were caught unawares. One SMC member’s wife was caught with a lot of money on her farm. The new currencies were printed abroad, flown into the country by Airforce planes before Idiagbon made his shock announcement. Emefiele borrowed a leaf, with slight modification.
Bank of England recently announced the introduction of new notes and coins with pictures of King Charles but said it will be a very gradual process. Monies with pictures of Queen Elizabeth will exist side by side with the new ones and only mutilated notes will be replaced over an indefinite period. Not so here, where Emefiele has set a severe six weeks’ period from mid-December to phase out old notes, obviously because the Brits’ purpose is very different from our own.
The 1984 exercise was one of the most traumatic events in the history of Nigeria. Some people at the time likened it to the civil war. All Nigerian towns were turned upside down as thousands of people lined up outside every bank trying to deposit and, if possible, withdraw some money. Queues outside banks made the current fuel queues look like toys. People ate and slept in the queues; no one dared left his place in the queues because it took so long to arrive there.
Meanwhile, all trading grinded to a halt because traders will not accept old currency, even though there was a month to go before it became illegal tender. By the time new notes emerged from the banks, a two-tier price system developed in the economy. If you come to buy something the trader will ask you, “Are you paying with new or old currency?”
Right now however, the biggest question is, why did CBN spring this trauma upon us in the middle of a general election campaign? Emefiele said the Federal Executive Council [FEC] approved it. Including the timing? Why not wait until after the election at least? The campaigns will be turned upside down in the next few weeks, right until election eve, as people abandon everything else and scramble to change their money.
While our cities and towns now have a lot more banks than there were in 1984, people living in the rural areas will suffer more because they don’t have as many banks. The rural economy is still mostly cash based, hence they have the biggest challenge of deposing old money in the banks.
The timing is very bad. It is remarkable that the Federal Executive Council approved such a potentially disruptive and traumatic event in the middle of a general election campaign.
Mahmud Jega
26th October, 2022
Politics
Political Turmoil in Taraba: Allegations of Tribal and Religious Blackmail Rocks Likely Consensus Candidacy
By Daniel Mtindiga, Jalingo
Mr. Hamidu Bakoji has leveled serious allegations against the likely consensus candidate for the Ardo-Kola, Karim-Lamido, and Lau Federal Constituency, accusing incumbent lawmaker Honorable Mohammad Audu Lauya of exploiting religious and tribal sentiments to manipulate State and party leadership despite alleged incompetence and poor human relations.
Bakoji claims Lauya lacked a solid structure before becoming a Member of the House of Representatives and failed to build one during his three-year stay in the NASS. He warns that re-nominating Lauya would be a mistake, potentially costing the APC the seat. He appointed out that some people close to the leadership are more comfortable with him as a light-weight politician to put off heavyweight like Sani.
The controversy deepens with Bakoji urging the governor to watch and analyze closely the voting patterns come 2027 general elections and observe the tribal and religious voting pattern, predicting the Wurkum-Muslim community may reject the governorship candidate if a Muslim candidate is on the ballot.
“This isn’t democracy,” Bakoji declared, criticizing the imposition of unpopular candidates. Further intrigue surrounds the alleged sidelining of former Acting Governor, Senator Sani Abubakar Danladi, rumored to be eyeing a Senate seat for Taraba North.
Bakoji claims the state and party leadership are using Lauya to block Danladi, a Wurkum Muslim, who is growing desperate. The situation is adding layers of religious and tribal tension to the power struggle.
As tensions rise, observers question whether internal party machinations will backfire, handing victory to opposition forces in the upcoming elections.
Politics
Hon. Jaafaru Yakubu Honored as Outstanding Politician of the Year at Potters House Network Awards
The Potters House International Network has conferred its prestigious Outstanding Politician of the Year Award on Hon. Jaafaru Yakubu, Member Representing Bali/Gassol Federal Constituency, in recognition of his remarkable contributions to governance, community development, and service to humanity.
The award ceremony, themed “Open Reward”, was held in Bali, Taraba State, and drew a distinguished audience of political leaders, clergy, traditional rulers, and citizens. The event served not only as a celebration of Hon. Yakubu’s achievements but also as a broader call for integrity and visionary leadership in Nigeria’s political landscape.
Hon. Yakubu has earned a reputation as a dedicated representative who consistently champions the welfare of his constituents. His tenure in the National Assembly has been marked by advocacy for rural development, infrastructural expansion, and empowerment initiatives aimed at uplifting communities across Bali and Gassol. From road construction projects to youth empowerment schemes, his interventions have left a visible impact on the constituency.
In presenting the award, organizers emphasized that Hon. Yakubu’s recognition is more than a personal accolade. It is a collective endorsement of values that Nigeria urgently needs: accountability, transparency, and service-driven leadership. The Potters House Network, known for molding destinies and celebrating excellence, described the honor as a beacon of hope for Taraba State and a reminder that true leadership is measured by tangible results, not rhetoric.
Community leaders at the event praised Hon. Yakubu’s accessibility and responsiveness to the needs of his people. Traditional rulers highlighted his respect for cultural institutions, while youth representatives lauded his commitment to education and job creation. Religious leaders also commended his ability to balance political responsibilities with moral values, describing him as a politician who embodies service to humanity.
The recognition of Hon. Jaafaru Yakubu as Outstanding Politician of the Year positions him as a model of leadership not only in Taraba State but across Nigeria. His award underscores the growing demand for leaders who prioritize the people’s welfare and inspire confidence in democratic governance. The Potters House Network Awards have once again spotlighted individuals whose contributions transcend politics, reminding Nigerians that leadership rooted in integrity and service remains the cornerstone of societal progress.
Politics
Dogara Extols President Tinubu at 74, Celebrates His Enduring Legacy of Courage, Service, and Nation-Building
Rt. Hon. Yakubu Dogara, former Speaker of the House of Representatives and Chairman of the Board of Trustees of the National Credit Guarantee Company Limited (NCGC), has joined millions of Nigerians in celebrating President Bola Ahmed Tinubu on the occasion of his 74th birthday. In his tribute, Dogara hailed the President as a statesman whose life and career embody resilience, sacrifice, and an unwavering devotion to democracy, describing his birthday as “not just a celebration of age, but of impact.”
Dogara reflected on Tinubu’s remarkable journey from his days as a pro‑democracy activist during the military era to his emergence as Nigeria’s Commander‑in‑Chief. He noted that Tinubu’s political trajectory has been defined by courage, vision, and an unrelenting commitment to building a nation where democracy thrives. “His contributions to entrenching democratic governance and shaping Nigeria’s political landscape remain indelible. He has shown that leadership is about service, sacrifice, and inspiring hope in times of uncertainty,” Dogara said.
President Tinubu’s legacy is deeply woven into Nigeria’s democratic fabric. His role in building bridges across divides, nurturing talents, and empowering generations of leaders has left a lasting imprint on the nation’s political and economic trajectory. From his tenure as Governor of Lagos State, where he laid the foundation for the state’s transformation into Nigeria’s economic powerhouse, to his national leadership, Tinubu has consistently demonstrated that visionary governance can change lives and communities.
At 74, Tinubu stands as a symbol of perseverance. His life story reminds Nigerians that true leadership is tested in adversity and defined by service to the people. His resilience in the face of challenges, his ability to inspire confidence, and his determination to pursue reforms that strengthen institutions and empower citizens have earned him recognition both at home and abroad.
Dogara’s message of congratulations underscores the shared vision of national progress. He emphasized that Tinubu’s leadership continues to inspire hope in times of uncertainty, reminding Nigerians that unity, courage, and faith are the pillars upon which the country’s future must be built. Dogara’s words resonate with millions who see in Tinubu a leader committed to steering Nigeria toward prosperity, inclusiveness, and stability.
As the nation reflects on President Tinubu’s 74 years, the celebration is more than a personal milestone—it is a national moment to honor a leader whose story is inseparable from Nigeria’s democratic journey. His birthday serves as a reminder of the sacrifices made to secure freedom, the vision required to sustain progress, and the courage needed to confront the challenges of nation‑building.
With renewed strength and wisdom, Tinubu’s path forward is expected to further steer the country towards unity, prosperity, and inclusive growth. For Nigerians, his 74th birthday is not only a celebration of his life but also a reaffirmation of their collective hope in his leadership and the promise of a brighter future.
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