Ekiti Suspends Traditional Chief For Insubordination

• Chief Gabriel Bodunde of Imesi Ekiti suspended by state government for alleged disrespect, inciting strife, and defiance of monarch
• Deputy Governor Monisade Afuye announced suspension following a petition from Onimesi-in-Council, noting Chief Bodunde’s absence

Chief Gabriel Bodunde, a traditional chief in Imesi Ekiti, Gbonyin LGA of Ekiti State, has been suspended by the state government.

The chief was suspended for alleged disrespect, arrogance, and defiance of the town’s monarch, Oba Olatunji Olatunde.

He was also accused of inciting communal strife in the town by unlawfully and arbitrarily arresting people on trumped-up and frivolous charges, causing unnecessary tension.

Chief (Mrs) Monisade Afuye, the state’s deputy governor, announced the suspension yesterday while presiding over a petition forwarded to her office by Onimesi-in-Council.

WITHIN NIGERIA reports that Chief Bodunde was not present at the petition hearing and did not send a delegation to represent him.

Oba Olatunji Olatunde expressed regret that several attempts to agree with Chief Bodunde were turned down.

He called the embattled chief’s refusal to accept the government’s invitation an act of arrogance.

Why Naira is in free fall – CBN

The Central Bank of Nigeria (CBN) has disclosed that the continuous fall of Naira against dollars is not unconnected to the present unofficial diaspora remittances.

The acting governor of the apex bank, Folashodun Shonubi, disclosed on Thursday at National Institute for Security Studies, Abuja.

At the event, Shonubi delivered a Distinguished Personality lecture titled: “Diaspora Remittances and Nigeria Economic Development” for members of the Executive Intelligence Management Course (EIMC) 16.

On Wednesday, the naira fell to an all-time low of N925/$1 at the parallel market as demand for foreign currency skyrocketed far beyond what supply could meet.

This followed the unification of the foreign exchange regime, which is a clear departure of what obtained during the President Muhammadu Buhari- led administration.

But Shonubi explained that many diaspora remittances came to Nigeria in dollars, and they were not recorded officially, as such found their ways to black or parallel markets.