Cryptocurrency Expert Warns Against Celebrity Endorsements and Quick-Rich Schemes

Rume Ophi, an alternative finance and cryptocurrency expert, has advised Nigerians to be cautious of celebrity endorsements and promises of quick wealth in the crypto space. In a statement to Vanguard, Ophi, also known as the Cryptopreacher, highlighted the dangers, especially after the recent collapse of $Jota Coin.

He explained, “The value of $Jota Coin plummeted shortly after launch, with evidence showing liquidity was withdrawn within 30 minutes.” Ophi urged the public to learn from past incidents, cautioning against tokens that might be scams.

He also drew attention to similar issues in the U.S., where celebrities like the Kardashians faced heavy fines for promoting cryptocurrencies without full disclosure. He warned Nigerian celebrities to be careful with their endorsements in this risky market.

Ugandan Olympian Rebecca Cheptegei Dies After Being Set on Fire by Partner

Rebecca Cheptegei, a Ugandan Olympian, has passed away in Kenya four days after being set on fire by her boyfriend, Ugandan athletics officials confirmed on Thursday.

“We are saddened to announce the tragic loss of our Olympic athlete Rebecca Cheptegei following a brutal attack by her partner,” Uganda Olympic Committee President Donald Rukare shared on X. He called the incident a “senseless act” that has robbed the sports world of a remarkable athlete, noting that her legacy will live on.

Cheptegei’s partner, Dickson Ndiema Marangach, allegedly doused her with petrol and set her on fire at her home in Endebess, Kenya, on Sunday. The 33-year-old athlete, who had recently competed in the Paris Olympics, suffered burns on 80 percent of her body and succumbed to her injuries on Thursday after battling for her life at Moi Teaching and Referral Hospital.

A witness to the horrific event was one of Cheptegei’s daughters, who tried to help her mother but was unable to stop the flames. “He kicked me as I tried to save my mom,” the young girl told Kenya’s The Standard.

Marangach, who sustained 30 percent burns during the incident, was also injured.

The Uganda Athletics Federation condemned the attack and called for justice, describing the incident as a tragic example of domestic violence, a persistent issue in the region. This comes in the wake of similar tragedies in Kenya, including the deaths of athletes Agnes Tirop and Damaris Mutua in recent years.

Domestic violence remains a serious concern in Kenya, where 34 percent of women have reported experiencing physical violence since the age of 15, according to 2023 statistics.

Black Market Dollar to Naira Exchange Rate for September 5, 2024

The exchange rate for the dollar to naira at the black market (parallel market) today, September 5, 2024, stands as follows:

  • Buying Rate: ₦1635 per $1
  • Selling Rate: ₦1645 per $1

Please note that these rates may differ slightly depending on the location and the Bureau De Change (BDC) operators. The Central Bank of Nigeria (CBN) does not officially recognize black market rates and urges individuals to approach their banks for foreign exchange transactions.

For comparison, the CBN official rate is:

  • Buying Rate: ₦1594 per $1
  • Selling Rate: ₦1595 per $1.

Dangote Refinery Begins Fuel Supply in Naira

In related news, the Dangote Refinery has commenced the supply of petrol, starting with 25 million litres daily in September 2024. This follows an agreement between the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude oil to the refinery in naira.

The deal, initiated by President Bola Tinubu’s administration, is expected to reduce pressure on foreign exchange by at least 40%. The supply is set to increase to 30 million litres daily by October 2024.

Transport Fares Surge in Kaduna After Petrol Price Hike

The recent petrol price increase from ₦617 to ₦897 per litre, effective September 3rd, has caused a sharp rise in transportation costs across Kaduna. Residents report that fares for commercial tricycles (Keke) and motorcycles have doubled, making commuting difficult.

For instance, a trip from the central market to Sabo now costs ₦500, up from ₦300. Similarly, other routes like Barnawa and Narayi have seen fare hikes, with Gonin Gora to Kasuwa now costing ₦500, compared to ₦300 previously.

Commercial operators cite rising fuel costs and reliance on black market petrol, sold at ₦1,400 per litre, as the cause. Residents are pleading for government intervention to ease the burden.

Reps Clarify Gbajabiamila’s Role: No Authority for Oversight Functions

The House of Representatives has clarified that Femi Gbajabiamila, Chief of Staff to President Bola Tinubu, lacks constitutional authority to conduct oversight functions in government agencies. Deputy spokesman Philip Agbese emphasized that oversight remains the exclusive power of the National Assembly, as outlined in Sections 88 and 89 of the 1999 Constitution.

Agbese explained that while Gbajabiamila can make courtesy visits to government agencies, labeling them as “oversight” contradicts the Constitution. The clarification followed reports that Gbajabiamila visited several agencies, raising concerns over the nature of his visits.

Lagos to Establish Drug Manufacturing Agency for Quality Assurance – Sanwo-Olu Administration

The Lagos State Government has announced plans to create a drug manufacturing agency aimed at improving access to high-quality pharmaceuticals. This was revealed by Commissioner for Health, Prof. Akin Abayomi, during the 7th Nigeria Pharma Manufacturers’ Expo in Lagos.

The initiative seeks to boost local drug production and ensure stringent quality assurance through partnerships with private sectors and random testing alongside NAFDAC. Prof. Abayomi emphasized the importance of adopting global best practices to enhance the security and sufficiency of medicines within Nigeria. Draft legislation for the agency is currently being prepared for submission to the Lagos State Assembly.

INEC Shuts Down Media Accreditation for Edo Governorship Election

The Independent National Electoral Commission (INEC) has officially closed the media accreditation portal for the forthcoming Edo State governorship election, set for September 21, 2024. The portal will shut down at midnight tonight, with no extensions granted.

Sam Olumekun, INEC’s National Commissioner and Chairman of the Information and Voter Education Committee, emphasized the importance of meeting the deadline, warning that late applications will not be entertained. To date, 113 media organizations have registered a total of 865 journalists to cover the event.

INEC also cautioned that any media outlet failing to complete the accreditation process by the deadline will be prohibited from observing the voting process and the collation of results.

With the deadline fast approaching, INEC has urged media organizations to finalize their accreditation to ensure their participation in covering the election.

2025 AFCON Qualifiers: Gernot Rohr Braces for Super Eagles’ Revenge as Benin Republic Defender Injured

Gernot Rohr, head coach of Benin Republic, is anticipating a challenging encounter against Nigeria’s Super Eagles this Saturday. Rohr acknowledged that Nigeria will be eager to seek retribution after Benin Republic’s unexpected 2-1 victory over them in a 2026 FIFA World Cup qualifier in June.

The two teams will meet again in a 2025 Africa Cup of Nations (AFCON) qualifier on September 7 at the Godswill Akpabio International Stadium in Uyo. Rohr expects the Super Eagles to be a much stronger side this time, noting that key players like captain William Ekong, Victor Osimhen, and Ola Aina, who were absent in June, will bolster the Nigerian squad.

“Nigeria is not a conquered territory; they will certainly come with a spirit of revenge, which can be significant. The team now includes players who were not there before, making them stronger,” Rohr said. “We are cautious, especially since they are playing at home and are likely determined to secure a result after recent draws and defeats.”

In the meantime, the Cheetahs of Benin Republic will be without defender Mohamed Tijani for their match against Nigeria. Tijani, 27, suffered an ankle sprain during training this week. The team’s medical staff is working diligently to have him fit for their next fixture against Libya’s Mediterranean Knights.

The match promises to be a high-stakes encounter as both teams vie for crucial points in the AFCON qualifiers.

Accused Briton Andrew Wynne Claims Innocence, Says FG Has No Evidence Against Him

Andrew Wynne, a Briton accused of funding the #EndBadGovernance protests against President Bola Tinubu’s administration, has asserted his innocence and claimed that the Nigerian government lacks evidence against him.

In a statement made via WhatsApp to a Punch correspondent, Wynne accused the Nigeria Police Force of illegally raiding his Abuja bookshop and stealing his granddaughter’s bicycle during a July 7 operation at the Labour House in Abuja.

Wynne criticized the federal government for failing to address the worsening poverty in Nigeria over the past 15 months and expressed concern for those detained and allegedly tortured during the protests. He urged the Nigeria Labour Congress (NLC) to advocate for the release of these detainees.

“I am completely innocent, and they have no evidence against me. The government is trying to pin the blame on me as a foreigner for the widespread protests,” Wynne said. “The police seized all my books from Iva Valley Bookshop, ransacked my home, and even stole my granddaughter’s bicycle, yet they found no evidence.”

Despite his claims, a Federal High Court in Abuja has issued an arrest warrant for Wynne on charges related to treason and terrorism.

NANS Plans Nationwide Protests Over Fuel Price Hike, Aims to Shut Down Major Cities

The National Association of Nigerian Students (NANS) has announced a nationwide protest set to begin on September 15, 2024, aimed at shutting down major cities across Nigeria. The action is a response to the recent increase in fuel prices and dissatisfaction with the Nigerian National Petroleum Corporation (NNPC) Director General, Mele Kyari.

NANS is demanding an immediate reversal of the fuel price hike and the removal of Kyari from his position. The student union has pledged that the protests will be peaceful and conducted within legal boundaries.

To ensure the protest is well-coordinated, NANS has informed several security agencies, including the Nigerian Civil Defence Corps (NSCDC), the Chief of Defence Staff, and state governors about the planned shutdown.

In a statement, NANS expressed, “We write to notify you of an impending massive shutdown of all major cities in Nigeria, effective September 15, 2024. This protest is in response to the recent fuel price hike and the perceived incompetence of the NNPC DG, Mele Kyari.

“The ongoing increase in fuel prices has severely impacted the masses, and we refuse to stand by as a few individuals jeopardize our future. We demand an immediate reversal of the fuel price increase and Mr. Kyari’s removal from office.

“We call on all Nigerian students to join us in this nationwide occupation of major cities. We will not be silenced or intimidated as we fight for a fair deal for students and the general populace. We urge all involved to ensure law and order during the shutdown while we commit to conducting a peaceful and lawful protest.”