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  The Presidency on Thursday said the item named ‘Presidential Yacht’ as found in the 2023 Supplementary Appropriation Bill is not for President Bola Tinubu’s personal use. This was as it said the naval boat bears such classification “because of the high-level security features.” Advert “What was named as presidential yacht in the budget is an operational Naval boat with specialised security gadgets suitable for high profile operational inspection and not for the use of the President,” Special Adviser to the President on Information and Strategy, Bayo Onanuga, explained in a statement on Thursday evening. The statement titled ‘The facts on the Naval boat in 2023 supplementary budget’ followed public outcry over the provision for an item termed presidential yacht and other line items in the budget presented to the National Assembly. The Presidency’s statement read, “The Naval boat was ordered by the Navy under the previous administration.                    Advertisement “President Tinu

CBN in a statement by its spokesman, Isa AbdulMumin, blamed some customers for panic withdrawal using the Automated Teller Machines (ATMs).                          Advertisement AbdulMumin, however, assured that the apex bank was working to ensure the seamless circulation of cash nationwide.  “While we note the concerns of Nigerians on the availability of cash for financial transactions, we wish to assure the public that there is sufficient stock of currency notes for economic activities in the country,” the statement read. Advertisement “The branches of the CBN across the country are also working to ensure the seamless circulation of cash in their respective states of operation.” Advertisement The apex bank also urged Nigerians to “guard against panic withdrawals,” assuring that “there is sufficient stock to facilitate economic activities.” Advertisement CBN also advised the citizens to embracep alternative modes of payment, which it noted would reduce pressure on using physical cash

  Former Rivers State Governor, Nyesom Wike, has revealed his grouse with his successor, Siminalayi Fubara, saying the incumbent governor hobnobbed with some of his political enemies after getting into office. Wike, who is now the Minister of the Federal Capital Territory (FCT), stated this on Wednesday in Abuja when he met with members of the Peoples Democratic Party (PDP) Governors’ Forum led by Bauchi State Governor, Bala Mohammed. Mohammed was at the meeting alongside Governor Caleb Mutfwang (Plateau), Governor Ahmadu Fintiri (Adamawa), and Governor Kefas Agbu (Taraba) over the political situation in Rivers State.                      Advertisement The FCT minister and PDP chieftain also said nobody can take his political structure in the oil-rich South-South state. Wike said, “Yes, we have talked about the crisis in the state but let me tell anybody who cares: nobody can intimidate me, nobody. It doesn’t matter whether you go and bring thugs on the road, it doesn’t matter whether

 The Senate and the House of Representatives, on Thursday, passed the N2.17trn 2023 Supplementary Appropriation Bill after third reading. Before the passage of the bill, the Senate adopted the report of the harmonized sittings of both red and green chambers on the 2023 Supplementary Appropriation Bill as submitted by Chairman of the Appropriations Committee, Senator Solomon Olamilekan Adeola (APC Ogun West). More to follow…