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Over 500 Buried In Plateau Community, Mangu, In Two Years Of Attacks – Middle Belt Forum

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In an exclusive interview with News Central TV which was aired on Tuesday night, and monitored by SaharaReporters, he said the attacks, blamed on Fulani herdsmen, have also led to the displacement of 164 local communities, which have been taken over and renamed by the terrorists.

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Dr. Stanley Kavwam, Deputy Publicity Secretary of Middle Belt Forum, has exposed the alarming number of deaths in Mangu Local Government Area of Plateau State, Nigeria, adding that over 500 people have been killed and buried in the area in the last two years alone.

In an exclusive interview with News Central TV which was aired on Tuesday night, and monitored by SaharaReporters, he said the attacks, blamed on Fulani herdsmen, have also led to the displacement of 164 local communities, which have been taken over and renamed by the terrorists.

Kavwam expressed concern over the poor media coverage of the killings in the middle belt regions.

“As I speak, in my local government – Mangu, we have buried over 500 people in the last two years,” he said.

He lamented that the Nigerian military seems to lose their bearings when it comes to addressing the mass killings in the middle belt, but swiftly deploys security apparatus to crush agitations for Biafra restoration in the South East.

“If it comes to South East where the youths are clamouring for the restoration of Biafra Independence Republic, which is always tagged as ‘insurrection’, you will see Nigerian Army and all other security agencies crushing them, even going to their houses in the midnight to disappear them without any traces,” he said.

Kavwam described the killings in the middle belt as a jihadist agenda, fueled by the indoctrination of young people in the North. He emphasized that unless these young people are empowered with a right education, there would be no end in sight for the ongoing killings.

Kavwam also criticized the elite class, comprising politicians, governors, senators, and captains of industry, for exploiting the illiteracy and ignorance of the masses. “Their sole interest lies in their economic gain, which is why they often gather and socialize together, regardless of their supposed differences,” he said.

He added, “When one of them gets married, you’ll see planes filled with guests, congregating, laughing, eating, dining, and partying together. This phenomenon occurs all over the country, transcending religious and ethnic divides. Their common interest is the focal point. They are focused, strategic, and understand what they want, which is to exploit the illiteracy and ignorance of the masses.

“Religion is fundamentally a spiritual issue, addressing man’s quest for answers to basic universal and non-material questions of human existence. As such, my religion should not hinder me from providing water to my citizens as a governor or advocating for good governance as a legislator. My ethnicity should not stop me from ensuring that we provide electricity, functional healthcare, and education to the public.

“When juxtaposed with the principles of liberal democracy, which emphasize equality, liberty, freedom, fairness, and equity, against a philosophy based on slavery, domination, and submission, a clash is inevitable. This clash has led to the avoidable deaths we’ve witnessed.

“Granted, there will always be external influences. However, the resilience of a people like those in Burkina Faso, who have come together to identify a common destiny and shared future, is a testament to the power of unity. In contrast, nothing seems to bind us together in Nigeria.”

Kavwam called on the president to summon the courage to address the security challenges in the country.

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“I would advise the president to issue a directive that he does not want to hear of any deaths or attacks on any community,” he said. “If he makes this public and follows through, there will be a significant reduction in such incidents.”

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National Pension Commission (PenCom) changes price disclosure rule

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National Pension Commission (PenCom) has directed Pension Fund Administrators (PFAs) to discontinue the publication of daily unit prices for Retirement Savings Account (RSA) and Retiree Funds on their websites, replacing the requirement with a six-month disclosure of returns based on a three-year rolling average.

The directive was contained in a circular issued by the commission.

Under the new guideline, PFAs must stop implementing Section 2.0 (iv) of the Commission’s March 23, 2013 circular, which required them to display daily unit prices for the last seven days.

Instead, they are to publish on their websites the last six months’ rate of return — calculated as a 36-month compounded rolling average in line with the Circular for the Calculation and Reporting of Rate of Returns by Licensed Pension Fund Operators (LPFOs).

According to the commission, the rate of return must be clearly displayed on the homepage of each PFA’s website.

For instance, the six-month disclosure covering April to September 2025 would reflect the 36-month compounded returns ending in each of those months.

This has however raised transparency concerns in the pension industry.

The 2013 circular on Minimum Information to be displayed on PFA Websites formed part of PenCom’s transparency framework for the Contributory Pension Scheme.

The latest addendum modifies that requirement but does not remove PFAs’ obligation to disclose performance information.

Industry watchers say the development may reignite debate over the balance between long-term investment reporting and real-time transparency in Nigeria’s pension industry.

All enquiries on the addendum, the Commission said, should be directed to its Surveillance Department.

An industry analyst who does not want her name mentioned said the move could reduce contributors’ access to real-time performance data.

She said: “Daily unit prices allowed RSA holders to independently track short-term movements and detect fluctuations in fund valuation.

“With only a three-year rolling average now required, contributors will no longer see recent performance in isolation”, she noted.

The analyst added that while pension funds are long-term vehicles, removing daily disclosure raises concerns about information asymmetry.

“PFAs will still compute daily valuations internally. The issue is whether contributors should be denied access to data that already exists,” the analyst said.

However, another pension expert defended the directive, noting that pensions are structured for long-term accumulation and should be assessed over extended periods.

“A 36-month rolling average smooth’s out short-term volatility and provides a more accurate reflection of sustained performance,” the expert said, warning that excessive focus on daily fluctuations could encourage reactionary fund switching.

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Dollar rises in black market on Monday, traders quote new exchange rate

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Dollar edges higher against the naira in black market trading Dollar edges higher against the naira in black market trading

The United States dollar at the parallel market increased in value on Monday, Febuary 23 with traders quote at N1,375/$ as the new selling exchange rate.

The new rate is a slight depreciation for the naira when compared to N1,343 a dollar market closed on Friday, February 20, 2026.

Abdulahhi, a forex dealer, told Legit.ng that the new exchange rate follows renew demand in the market.

“I am currently selling dollars at N1,375/$1 and buying at N1,355/$1. The pound is trading at N1,845 to sell and N1,805 to buy, while the euro is also moving steadily in the market.

“It seems this week the dollar will return to over N1,400. I have been getting a lot of request.”

The fall of the naira comes as BDC operators continue to face difficulties in accessing dollars from commercial banks.

BDCs can get dollar

The apex bank had previously issued a circular allowing licensed BDCs to access foreign exchange through authorised dealers at the prevailing market rate.

Under the directive, each BDC is permitted to purchase up to $150,000 weekly, subject to Know Your Customer (KYC) requirements and due diligence checks, Punch reports.

Leadership reported that despite a policy announcement, some operators disclosed that no transactions have been completed under the new arrangement.

A BDC operator, who requested anonymity, said the directive remains largely unimplemented. According to him, the circular provides that disbursements will be made through settlement accounts, a provision that has raised operational concerns.

He questioned the feasibility of seamless, real-time transfers between domiciliary accounts across different banks, noting that such infrastructure may not yet be fully in place.

The operator added that while commercial banks appear supportive of the policy, many are still developing internal processes to align with the CBN’s directive.

He explained that BDCs are required to submit bid orders through their banks, which would then access the market on their behalf.

Naira in the official market

Meanwhile, in the Nigerian Foreign Exchange Market (NAFEM), the naira closed against the US dollar on Friday, February 20 at N1,346.32/$1 from N1,341.35/$1 a day earlier.

At the GTBank FX desk, the naira weakened by N7 against the dollar to quote N1,356/$1.

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