Ajebamidele Street, in Ado Ekiti, the Ekiti State capital, was
Wednesday, following suicide by a 46-years-old mother of
The deceased simply identified as Mrs. Ajibola, it was gath
her own life around 6.00 p.m. on the fateful day after many
When the Daily Times visited No. 4, Ajebamidele Street, w
bungalow was deserted and under lock and key.
Our correspondent also discovered that some of people th
possibly for fear of being picked up by the police for questi
A few others, who had the boldness to stay around, gather
willing to volunteer any information.
It was said that before her death, Ajibola had reportedly inf
area of her intention to address a world press conference
day she died.
“It was when some of us arrived to listen to what she had
that she was nowhere to be found.
“It was when we were searching for her that we saw her
ceiling in her house”, a landlord, who pleaded for anonymit
The source said the victim had been sick and treated seve
had, on many occasions, threatened to take her own life. T
said she would jump into the well and we had to announce
should make sure that their wells were well secured and c
intention.”
Another witness, who also pleaded not to be quoted, said t
when she saw her, on Tuesday morning, describing her as
She said, “It’s unfortunate that we’ve lost her, but I think s
time.”
One of the sympathisers, who said the deceased was her
corpse had been deposited in the morgue of Mary Assump
Ajilosun.
The Police Public Relations Officer, Mr. Alberto Adeyemi, w
said the Command had launched investigation into the suic
circumstances surrounding it.

http://dailytimes.com.ng/mother-of-three-commits-suicide-in-ekiti/

By Emeka Anaeto, Economy Editor
LAGOS — Amidst a three-day straight slide in the exchange rate of Naira against
US Dollar, the Central Bank of Nigeria (CBN) has said that it would not bow to
pressures to further devalue the local currency.
Yesterday, the parallel market segment of the foreign exchange market traded
one US dollar to N245 after it opened the day at N242/USD1.00. The exchange
rate on Tuesday was N240 and N238 on Monday.
Dealers in the parallel markets expressed fears that at the on-going speed of s
lide the exchange rate might hit the N250/USD1.00 low by next week.
But reacting to the development, CBN’s Director of Corporate Communications,
Mr Ibrahim Muazu, told Vanguard that there was no need for panic at the
development, adding that it could be just a temporal reaction to the policy
change.
While defending the recent foreign exchange measures taken by the apex bank
to shore up the dwindling foreign reserves, Muazu said the apex bank would not
be pressured into further devaluation of the local currency which he said was the
intent of some sections of the foreign communities.
He stated the parallel market cannot trigger any economic crisis since all major
foreign exchange demands for eligible imports go through the official exchange
market which has not only remained stable but has been fully supplied by the
apex bank so far.
Bureau de Change (BDC) operators said huge demand for foreign exchange
began to inundate them as well as the black market as a result of the CBN’s shut
off of 41 items from the official market three weeks ago.
But Muazu denied this assertion, stating that CBN’s findings was that the supply/
demand gap being experienced in the parallel market was as a result of supply
shortages in that segment following the plugging of loopholes from the official
markets that had hitherto leaked into parallel market through round tripping.
He also said other economic crimes such as money laundering were major
drivers of what is happening in the parallel market today.
President of BDC Operators of Nigeria, Aminu Gwadabe, had given reasons for
the steady decline in value of Naira in the parallel market to include “over
regulation of the bureau de change and financial markets, increased naira
liquidity chasing fewer dollars, intensified hoarding and speculative activities,
inability of banks to meet legible and legitimate demands and tightening policies
of CBN.”
However, Vanguard interactions with some of the parallel market dealers,
yesterday, indicated that most of them have been driven by speculations that the
country was cash strapped in foreign currency, hence they are hiking the
exchange rate on fears of long term real scarcity.
On the other hand, some speculators are taking positions against possible
devaluation in the face of continued pressure on the apex bank from both within
and outside the country
http://www.vanguardngr.com/2015/07/we-wont-bow-to-pressure-to-further-devalue-naira-cbn/

DO YOU THINK IT IS POSSIBLE

An Ogun State High Court sitting in Isabo, Abeokuta yesterday sentenced to death a21- year-old house help, David Idah, who murderedMrsOlufunlayo Cecilia Timeyin, a retired deputy chief registrar, 65, last year. Justice AbiodunAkinyemi sentenced Idah, who hails from Benue State and had worked as a domestic staff of the late senior magistrate, to death by hanging. LEADERSHIP recalls that the convict had on April 7 been arraigned in an Abeokuta Chief Magistrates’ Court on a one-count charge of unlawful killing, an offence which the prosecution said contravened Sections 316 and 319 of the Criminal Code of Ogun State, 2006. Idah who had worked as a house help to the Timeyin household for only two months, scaled the fence of the house to attack the former chief magistrate with a machete. The alarm raised by one of the sons of the late senior magistrate, Olamide, who had earlier knocked on the gate and heard the desperate cries of her mum, attracted some residents who immediately alerted the men of the Ogun State Vigilante Service. One of the vigilantes who raced to the scene, OluseyeFasina, attached to Operation Two, Laderin Unit, told our correspondent that he immediately ran to the back of the house where he met Idah who had pulled off his clothes inside the bush and arrested him. Before the incident, Idah was said to have stolen household items, including jewellery, electronics and GSM handsets. He was allegedly caught while trying to sell off the phones and handed over to the police by GSM phone dealers at Oke-Ilewo, Abeokuta. The late chief magistrate was said to have pleaded with the police to release the house help and warned him against coming to her house again. Upon release, however, Idah came back to the house and hacked the woman to death.

Let us know the most active Nairalander. What is the highest number of FP and FTC you ever made a week?