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Cash Shortages in Ondo State Ahead of Governorship Election.

Ikechukwu Emmanuel

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As Ondo State approaches its governorship election in just one week, residents are grappling with serious cash shortages in commercial banks throughout the region. Reports indicate that politicians from major parties, including the All Progressives Congress (APC) and the Peoples Democratic Party (PDP), have been making substantial withdrawals, purportedly to stockpile cash for vote-buying.

According to sources within the banking sector, a surge in cash withdrawals occurred over the past week, with politicians allegedly colluding with bank managers to facilitate these transactions. A source from a new generation bank stated, “The politicians have colluded with bank managers to withdraw huge amounts of money daily. When the politicians ‘settle’ the bankers, they permit them to withdraw as much as they want.”

As a consequence, everyday customers have found it increasingly difficult to access their own funds. Many banks are informing customers that there is insufficient cash available, leading to frustrations among the public. For instance, a customer named Tunde recounted an experience at a bank in Akure, where he was limited to withdrawing only N10,000 instead of the N50,000 he sought.

Another customer echoed this sentiment, stating, “I was told that I could only withdraw N10,000 as the highest amount, even though I wanted to access N30,000.” The bank representatives attributed these restrictions to limited cash supplied by the Central Bank of Nigeria (CBN).

A bank manager, speaking under conditions of anonymity, confirmed the troubling trend of cash depletion, emphasizing that recent regulations limit cash withdrawals from the CBN to just twice within a two-week period. This has compounded the cash flow issues already affecting the branches.

As the election approaches, the implications of these cash shortages are significant. With allegations of collusion between politicians and banking officials, residents are left questioning the integrity of both the electoral process and the banking system in Ondo State.

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News

Lagos State Reaffirms Focus on Road Safety, Not Revenue, with Speed Enforcement.

Ikechukwu Emmanuel

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Permanent Secretary of the Lagos State Ministry of Transportation, Olawale Musa, has reiterated the state government’s commitment to road safety, emphasizing that the recently implemented speed limit enforcement and e-policing camera system is primarily designed to reduce accidents and fatalities, not to generate revenue.

Speaking on a local radio program, Mr. Musa clarified that the initiative aims to curb excessive speeding, a key contributor to road accidents. He stated that compliance with speed limits is crucial for saving lives and preventing injuries, and that the enforcement measures, though often met with resistance, are necessary for public safety.

Further, Mr. Musa addressed concerns regarding potential errors and assured the public that a transparent process exists for contesting perceived wrongful fines. He also highlighted the government’s commitment to equitable enforcement, noting that even government vehicles have been subject to fines for violations. He urged motorists to adhere to posted speed limits, especially along the Alapere axis and the Third Mainland Bridge, and to utilize designated locations for passenger pick-up and drop-off. The government is also addressing issues of missing or vandalized road signs through alternative measures like direct road markings.

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Entertainment

Val Kilmer, Acclaimed Actor, Passes Away at 65.

Ikechukwu Emmanuel

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Hollywood mourns the loss of Val Kilmer, the acclaimed actor known for his diverse and memorable roles, who passed away in Los Angeles on Tuesday at the age of 65. His daughter, Mercedes Kilmer, confirmed the news.

Kilmer, a prominent figure in 1990s cinema, achieved widespread recognition for his performances in iconic films such as “Top Gun,” “The Doors,” where he embodied Jim Morrison, and “Tombstone,” where he portrayed Doc Holliday. He also donned the cowl as Batman in “Batman Forever.” His extensive filmography includes significant roles in “Heat,” “The Saint,” “Willow,” and the recent “Top Gun: Maverick.”

Beyond his on-screen achievements, Kilmer’s career was marked by periods of controversy and fluctuating box office success. He was reportedly diagnosed with throat cancer in 2014, though he later recovered.

Val Kilmer’s talent and dedication to his craft will undoubtedly be remembered by audiences for years to come.

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Foreign

Case Dismissed: Federal Charges Against Mayor Adams Dropped.

Ikechukwu Emmanuel

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On Wednesday, District Court Judge Dale Ho dismissed, with prejudice, the federal criminal case against New York City Mayor Eric Adams. This action effectively terminates the possibility of the Department of Justice (DOJ) resurrecting the five-count indictment against the Democrat in the US District Court in Manhattan.

The dismissal follows a controversial request by the Trump administration, nearly two months prior, to drop the corruption charges. The DOJ argued that prosecution would impede Mayor Adams’ ability to govern New York City and collaborate with the administration’s immigration enforcement policies.

The request prompted significant internal dissent, culminating in the resignation of seven federal prosecutors, including the acting Manhattan US attorney. Their departure underscores the contentious nature of the decision to seek dismissal and the ethical questions it raised within the Department. The “with prejudice” ruling solidifies the finality of this complex and closely watched legal battle.

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