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FULL LIST: CBN Revokes Licences Of 139 Microfinance Banks, Others

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The Central Bank of Nigeria (CBN) has revoked the licences of 139 microfinance banks in the country, as well as four primary mortgage banks and three finance companies.

This was disclosed in the official gazette of the Federal Government, which was published on the website of the CBN on Tuesday.

CBN noted that the licences of the financial institutions were revoked because they ceased to carry on in Nigeria, the type of business for which their licences were issued for a continuous period of six months.

FULL LIST OF AFFECTED MICROFINANCE BANKS

Atlas Microfinance Bank

Bluewhales Microfinance Bank

Everest Microfinance Bank

Igangan Microfinance Bank

Mainsail Microfinance Bank

Merit Microfinance Bank

Minna Microfinance Bank

Musharaka Microfinance Bank

Nopov Microfinance Bank

Ohon Microfinance Bank

Premium Microfinance Bank

Royal Microfinance Bank

Statesman Microfinance Bank

Suisse Microfinance Bank

Vibrant Microfinance Bank

Virtue Microfinance Bank

Zamare Microfinance Bank

North Capital Microfinance Bank

Chidera Microfinance Bank

Excellent Microfinance Bank

Ni’ima Microfinance Bank

Cosmopolitan Microfinance Bank

Progressive Link Microfinance Bank

Trust One Fomerly Desmonarchy

Ekuombe Microfinance Bank

First Index Microfinance Bank

Ola Microfinance Bank

Uli Microfinance Bank

Verdant Microfinance Bank

Aguleri Microfinance Bank Limited

Apeks Microfinance Bank Limited

Fahimta Microfinance Bank Limited

Manny Microfinance Bank Limited

Reality Microfinance Bank Limited

Surbpolitan Microfinance Bank Limited

Onyx Microfinance Bank Limited

Osina Microfinance Bank Limited

Olofin-Owena Microfinance Bank Limited

Zikado Microfinance Bank Limited

Prudential Cooperative Microfinance Bank Limited

Peniel Microfinance Bank Limited

Taraba Microfinance Bank Limited

Brass Microfinance Bank Limited

Michika Microfinance Bank Limited

Ndiagu Microfinance Bank Limited

Northbridge Microfinance Bank Limited

FCT Microfinance Bank Limited

Omu-Aran Microfinance Bank Limited

Cherish Microfinance Bank Limited

Bipc Microfinance Bank Limited

Danels Global Microfinance Bank Limited

Bancorp Microfinance Bank Limited

Manna Microfinance Bank Limited

Moneywise Microfinance Bank Limited

Mercury Microfinance Bank Limited

New Age Microfinance Bank Limited

Pearl Microfinance Bank Limited

Zawadi Microfinance Bank Limited

Seed Capital Microfinance Bank Limited

Eduek Microfinance Bank Limited

Eksu Microfinance Bank Limited

Dakingari Microfinance Bank Limited

Ogoja Microfinance Bank Limited

Nwabosi Microfinance Bank Limited

Nuture Microfinance Bank Limited

Active Point Microfinance Bank Limited

Amoye Microfinance Bank Limited

Boluwaduro Microfinance Bank Limited

Iyede Microfinance Bank Limited

Mayfair Microfinance Bank Limited

Calabar Microfinance Bank Limited

Ighomo Microfinance Bank Limited

Hackman Microfinance Bank Limited

Idese Microfinance Bank Limited

Bridgeway Microfinance Bank Limited

Grassroot Microfinance Bank Limited

Surelife Microfinance Bank Limited

Tijarah Microfinance Bank Limited

Ic-Global Microfinance Bank Limited

Ejiamatu Microfinance Bank Limited

Briyth Covenant Microfinance Bank Limited

Nanka Microfinance Bank Limited

Cub Microfinance Bank Limited

BFL Microfinance Bank Limited

Umunne Microfinance Bank Limited

Oroke Microfinance Bank

Alkaleri Microfinance Bank Limited

Crowned Eagle Microfinance Bank Limited

Unifa Microfinance Bank Limited

Dadinkowa Microfinance Bank Limited

Ifesowapo Microfinance Bank Limited

Oaf Microfinance Bank Limited

Bama Microfinance Bank Limited

Ngala Microfinance Bank Limited

Iwoama Microfinance Bank Limited

Kada Microfinance Bank Limited

Keffi Microfinance Bank Limited

Nut-Endwell Microfinance Bank Limited

First Multiple Microfinance Bank Limited

SBDC Microfinance Bank Limited

Oros Capital Microfinance Bank Limited

Ozizza Microfinance Bank Limited

Primera Credit Microfinance Bank Limited

Ifeanyichukwu Microfinance Bank Limited

Ihioma Microfinance Bank Limited

Josad Microfinance Bank Limited

Akpo Microfinance Bank Limited

Aiyepe Microfinance Bank Limited

ABC Microfinance Bank Limited

Star Microfinance Bank Limited

Purple Money Microfinance Bank Limited

Utuh Microfinance Bank Limited

Stallion Microfinance Bank Limited

Kjl Microfinance Bank Limited

Credit Afrique Microfinance Bank Limited

Cowries Microfinance Bank Limited

Lawebod Microfinance Bank Limited

Mabinas Microfinance Bank Limited

Business Support Microfinance Bank Limited

Ogbe-Ahiara Microfinance Bank Limited

Olofin Microfinance Bank Limited

Obosi Microfinance Bank Limited

Fiyinfolu Microfinance Bank Limited

Bishopgate Microfinance Bank Limited

Awka Microfinance Bank Limited

Zigate Microfinance Bank Limited

Esan Microfinance Bank Limited

Enugu-Ukwu Microfinance Bank Limited

Echo Microfinance Bank Limited

Ally Microfinance Bank Limited

Network Microfinance Bank Limited

Awgbu Microfinance Bank Limited

FINANCE COMPANIES LICENCES REVOKED

HHL Invest and Trust Limited

TFS Finance Limited

Treasures and Trust Limited

PRIMARY MORTGAGE BANKS LICENCES REVOKED

Resort Savings and Loans

Safetrust Mortgage Bank

Adamawa Savings and Loans

Kogi Savings and Loans

Top 20 most expensive necklaces and their prices

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Although there is no definite origin of jewellery, the first jewellery recorded is a necklace dating back to over 25,000 years ago.

It is made up of fish bones and was found in a cave in Monaco. This kind of jewellery are known to be worn as protection against bad luck and illness.

Today, jewellery are worn as fashion and also an investment.

Here are the top 20 most expensive necklaces in the world, with their prices:

1. The Hope Diamond – $250 million

2. A Heritage in Bloom – $200 million

3. The Tsarina Diamond Necklace – $120 million

4. The Oppenheimer Blue – $57.5 million

5. The Incomparable – $55 million

6. Graff Pink – $50 million

7. The Blue Moon of Josephine – $48.5 million

8. The Pink Star Diamond Ring – $43.2 million

9. Hutton-Mdivani Jadeite Necklace – $27.4 million

10. The Perfect Pink – $23.2 million

11. The Heart of the Ocean – $20 million

12. The Heart of the Kingdom – $14 million

13. The Cartier Panther Necklace – $11.5 million

14. Leviev’s Vivid Yellow Diamond Pendant – $10 million

15. Christie’s Diamond Necklace – $8.14 million

16. Etcetera’s Burmese Ruby Necklace – $6.4 million

17. The “Mrs. Winston” – $5.8 million

18. The “Red Scarlet” – $5.1 million

19. Christie’s Diamond Pendant – $4.8 million

20. The Peacock Brooch – $4.5 million

It is important to note that these prices are only estimates, and the actual value of a necklace can vary depending on a number of factors, such as the quality of the stones, the craftsmanship, and the historical significance.


Disclaimer

The information in this article was curated from online sources. All details cannot be independently verified by NewsWireNGR or its editorial team.

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Top 10 reasons Nigerian youths migrate, ‘japa’, to Western countries

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The report of the United Kingdom’s plan to introduce restrictions that will stop Nigerian students, and other nationalities studying in the country from bringing their families over has generated lots of controversy online.

Suella Braverman, secretary of state for the home department, said the move was necessary to protect the UK economy.

“The UK is a top destination for the brightest students to learn at some of the world’s best universities. But we have seen an unprecedented rise in the number of student dependents being brought into the country with visas,” Braverman said.

“It is time for us to tighten up this route to ensure we can cut migration numbers and meet the government’s pledge to the British people to cut net migration. This is the fair thing to do to allow us to better protect our public services, while supporting the economy by allowing the students who contribute the most to keep coming here.”

A Nigerian Youtuber, Emdee Tiamiyu, who specialises in helping Nigerians relocate to the United Kingdom, claimed that Nigerians migrating to the UK use schooling as a ploy to gain entry into the country.

Other Nigerians have a different view of the matter:

However as summed up by investigative journalist Fisayo Soyombo, this is “is yet another reminder that there is nothing better than building our own country.”

Here are some reasons young and hardworking Nigerians migrate to Western countries in a trend known as “Japa”.

1. Economic opportunity

Lack of economic opportunity in Nigeria is a major driver of youth migration.

2. Unemployment

The unemployment rate in Nigeria is also very high, especially among young people. In 2022, the unemployment rate was 33.3%.

This lack of job opportunities makes it difficult for young people to support themselves and their families, and can lead to frustration and desperation.

3. Political instability

Nigeria has a long history of political instability, which has created an atmosphere of insecurity and uncertainty. This can make it difficult for young people to plan for the future and can lead to a desire to escape the country.

4. Religious violence

Nigeria is a religiously diverse country, and there has been a rise in religious violence in recent years. This violence has created a climate of fear and insecurity, and can make it difficult for young people to live safely and freely.

5. Gender inequality

Nigeria is a patriarchal society, and women and girls face discrimination in many areas of life. This discrimination can make it difficult for women and girls to access education, employment, and other opportunities, and can lead to a desire to leave the country.

6. Climate change

Climate change is having a devastating impact on Nigeria, with more frequent and severe droughts, floods, and other extreme weather events.

These events have displaced millions of people and made it difficult for people to make a living.

7. Education

Many Nigerian youths migrate to foreign countries to pursue higher education. Nigeria has a number of good universities, but they are often overcrowded and underfunded.

This can make it difficult for students to get the education they need to succeed.

8. Family reunification

Many Nigerian youths migrate to foreign countries to join family members who have already settled there.

Nigerians value family culture and usually want to stick together to help each other.

9. Adventure

Some Nigerian youths migrate to foreign countries simply for the adventure of it. They want to experience new cultures, meet new people, and see new places.

10. A better future

Many Nigerian youths migrate to foreign countries in the hope of a better future.

They want to have better opportunities for education, employment, and a better quality of life.


Disclaimer

The information in this article was curated from online sources. All details cannot be independently verified by NewsWireNGR or its editorial team.

Always visit NewsWireNGR for latest naija news and updated naija breaking news.

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Afrobeat musician, Seun Kuti speaks about his release from police custody

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Afrobeat musician, Seun Kuti, has expressed gratitude to his family members, friends and legal advisers for their support towards his release from police custody.

Recall that the Afrobeat singer, was yesterday (Tuesday), released on bail from Police custody, seven days after he reported himself at the State Criminal Investigation Department, SCID, Panti, Yaba, Lagos, over the assault allegation against him.

Before his release, last night, his lawyers, Mr. Adeyinka Olumide-Fusika, and Mr. Kunle Adegoke, had hinted that he would be released, yesterday (Tuesday), having met all the conditions for his bail.

However, after his freedom, Seun, via his official Instagram, thanked his family, lawyers and everyone, who showed him love and support during his moments in the police custody.

He stated, “I be orphan o but family deeeey. I want to say a profound thanks to everyone who showed me all this love. All my friends that showed up. Thanks most especially to my beautiful wife, @chefyeidekuti

“Last but not least. The legal team. Uncle Femi Falana (SAN) Uncle Olumide Fisika (SAN) Uncle Kayode Adegoke (SAN) Barrister Ogunlana. Ade Ademiluyi. And everyone on the team. I owe you my freedom and my sanity. Let’s go,” he added.

Some of Kuti’s friends and supporters were seen jubilating outside the Police station, immediately after he was released.

A viral video showed his supporters taking turns to embrace him when he stepped outside the police station.

Lawyers, supporters protest Seun’s detention.

Buhari says it is difficult to cope with the pressure of office and cannot wait to leave office

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President Muhammadu Buhari has said he is desperately looking forward to the next six days (the number of days left for him to bow out of office). 

According to him, he found it difficult to cope with the pressure of office. The president spoke in Abuja on Tuesday night at the dinner organised for him by the Armed Forces of Nigeria. The event is part of the activities lined up for the May 29 inauguration ceremony. 

Buhari who spoke while apologising for coming behind schedule said, “Please, I will like to digress from the prepared speech. I apologise most sincerely for keeping you waiting. I can hardly cope with the pressure. I am desperately looking forward to the next six days.”

Buhari, however, urged the military and other security agencies in the country to remain resolute in the face of the security challenges bedeviling the country. 

The president who acknowledged the efforts of the military in the ongoing war against terrorism in the country said the military must not rest on its oars until insecurity is defeated.

He said, “The commission of the Armed Officers’ Mess is a step in line with this policy. For me, the regimental dinner organised for me to mark this occasion is very significant because it presents me with another opportunity to reflect positively on the past, present, and future of our armed forces.

“Please permit me to appreciate our military for their loyalty, handwork, dedication, and selfless service to our beloved nation. I am fully aware of all your sacrifices and commitments in tackling the myriad of security challenges and your contributions to the successful elections in our country. 

“However, until the issue of insecurity is surmounted much more is still desired from the Armed Forces of Nigeria. Consequently, the Armed Forces of Nigeria and other security agencies must always remain resolute in the face of the country’s insecurity challenges.”

He also promised that with the few days left for his regime, the military would not be starved of the needed support. 

Buhari said, “Our administration before winding down will never relent to widen the support of the military to enable them to effectively perform their constitutional responsibilities. The ultimate sacrifice of our fallen heroes will never be in vain and the almighty God continue to grant them eternal rest.”

Here’s why students of Benson Idahosa University are protesting

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Students of Benson Idahosa University, Benin, Edo State Tuesday protested at the campus over the death of a student identified as Bruno Chigozie Ezeonye.

It was gathered that the student, a final year student of Computer Science, slumped and eventually died before help could come while playing football at the legacy campus’ football pitch. 

DailyTrust Newspaper source blamed the medical personnel at the health facility on the campus for not quickly attending to the deceased when he was rushed there for treatment.

“When they eventually responded and needed to refer him to Faith Mediplex Hospital, an affiliate of the Institution, located at Airport Road, the ambulance driver complained of lack of petrol in the ambulance,” the source said. 

Angered by the death of their colleague, the students vandalised the school’s clinic and security post before they were calmed down by the president of the university, Bishop FEB Idahosa.

When contacted, the institution’s Head of Communication and Brand Strategy, Temi Esonamunjor, simply said, “The university will make an official press statement on the true state of things.” 

Japa: being real hurt people — Youtuber Tiamiyu on his UK migration comment

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Nigerian Youtuber, Emdee Tiamiyu, has said that being real will hurt people. The Youtuber had said in an interview with the British Broadcasting Corporation that many Nigerian students seeking admissions into schools in the United Kingdom were not looking for new qualifications, but rather to start a new life overseas.

However, speaking in an interview with media personality, Ifedayo Olarinde, aka Daddy Freeze, on Tuesday night shortly after his interview video with BBC went viral, the Youtuber said that he may have to find a balance between being real and being diplomatic. In the viral video, Tiamiyu said that most of those who applied for schooling in the United Kingdom only considered it an alternative means to escape from Nigeria.

In response to criticism from his BBC interview, he stated, “The BBC man asked me yesterday, ‘If it is part-time for you, what if you do it full time?’, and I am like, I am not ready for full time.

“There is a future. I know that there are still many opportunities to do more great things. And I don’t know, I would have to find a balance between being real and being diplomatic. Because If you want to be real, you will offend people.”

https://twitter.com/OpagNewsTv/status/1661279545473867780

Reactions as Youtuber, Emdee Tiamiyu says Nigerians use study to gain UK Entry

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Nigerian Youtuber, Emdee Tiamiyu, who specialises in helping Nigerians relocate to the United Kingdom, disclosed that Nigerians migrating to the UK use schooling as a ploy to gain entry into the country.

Tiamiyu made this known in an interview with BBC which went viral on Tuesday. He said, “So the student thing is not real. It is not like they need the degrees.

“They need the degree as an access road to come into the country, so a lot of this people their priorities shifted real fast.”

The video went viral after the UK enacted a law that will prevent Nigerian students, and others studying in the UK, from bringing family as dependents except under specific circumstances.

Tiamiyu, who is based in Birmingham, granted the interview in the wake of the new immigration rules that will prevent Nigerian students, and others studying in the UK, from bringing their families as dependants except under specific circumstances.

Under the new rule, which will take effect January 2024, the UK will remove the permission for international students to switch out of the student route and into work routes before their studies have been completed to prevent misuse of the visa system.

Criticisms have continued to trail the remarks of a Nigerian Youtuber, Emdee Tiamiyu, in an interview he had with the British Broadcasting Corporation.

Tiamiyu, who is known for advising Nigerians on studying in the United Kingdom, declared that many of them were not looking for new qualifications, but to start a new life abroad.

https://twitter.com/drpenking/status/1661098312710201347

Top 20 most expensive fruits in the world and their prices

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Fruits offer many health benefits to the health. It is not considered a major meal except for scarcity and unavailability of typical food.

Fruits are usually not considered expensive items in the discussion of luxury. If you have the same notion, you may be wrong as there are expensive and unaffordable fruits to a typical human.

The price of some fruits is enough to feed a household for a year in some parts of the world.

Top 20 most expensive fruits in the world

Here is a list of the most expensive fruits in the world, where they can be found and their prices:

1. Yubari King Melon – $25,000 per melon

Yubari King Melon are a type of melon grown and sold in Japan. It is grown exclusively in Yubari on Hokkaido.

These melons are famous for their sweetness. They are a hybrid of two other cantaloupe cultivars: Earl’s Favourite and Burpee’s “Spicy” Cantaloupe.

2. Densuke Watermelon (Japan) – $6,000

The Densuke Watermelon is one of the rarest and most expensive fruits found in Japan.

They are grown exclusively on the island of Hokkaido. The melons are difficult to cultivate and require constant care, the yields are small, hence only a limited number of fruits per season are produced.

In 2014, a Densuke Watermelon sold for a cool $6,000 at an auction.

3. Top End Mangoes – $50,000

A tray of 12 mangoes were sold for $50,000 in 2010 at an auction in Australia. That made each mango worth about $4,000.

The mangoes were purchased by Carlo Lorenti, owner of Clayfield Markets Fresh, one of Australia’s largest green grocery firms, at an auction in Brisbane.

They are considered the most expensive mangoes in the world.

4. Gigantella Maxim Strawberries – $4,395

The Gigantella Maxim Strawberries is a product of UK scientists’ engineered strawberry breed that can grow to the size of tennis balls.

At an auction in 2017, one of these giant strawberries was sold for $4,395.

It is considered the most expensive strawberry in the world.

5. Ruby Roman Grapes – $14,600

About the size of a ping pong ball, this variety of luscious red grapes grow in Japan. They were sold for $14,600 a bunch in 2016.

With 30 grapes in the bunch, the cost of each fruit was approximately $480.

It is considered the most expensive grapes in the world.

6. Taiyo no Tamago Mango (Japan) – $3,000 per mango

7. Pineapples from the Lost Gardens of Heligan (England) – $1,500 per pineapple

8. Sembikiya Muskmelon (Japan) – $150 or more per melon

9. Sekai-ichi Apple (Japan) – $21 per apple

10. Dekopon Citrus (Japan) – $13 per orange

11. White Jewel Strawberry (Japan) – $10 a strawberry

12. Buddha Shaped Pear (China) – $9

13. Sembikiya Queen Strawberries (Japan) – $85/pack

14. Sembikiya Cherry (Japan) – $100 per 12-15 count box

15. Hana-ichi Apple (Japan) – $100 per apple

16. Ananas Victoria Pineapple (Hawaii) – $100 per pineapple

17. Black Diamond Apple (New Zealand) – $50 per apple

18. Durian (Southeast Asia) – $15 per fruit

19. Hass Avocados (California) – $20 per avocado

20. Kiwano Melon (Africa) – $10 per melon

ALSO READ: Top 10 most expensive foods in the world


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Reactions as UK officially bans Nigerian students from bringing their dependents

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The UK says it will restrict foreign students from bringing family members with them from 2024.

TheCable had reported that the UK was mulling restrictions to curb net migration.

In a statement on Tuesday, the Home Office said the development was necessary to stop people from using the student visa as a backdoor route to work in the UK.

“Last year almost half a million student visas were issued while the number of dependants of overseas students has increased by 750% since 2019, to 136,000 people,” the Home Office said.

“The new reforms will come into effect for students starting in January next year. The government will however work with the higher education sector to explore alternative options to ensure the brightest and best students can continue to bring dependents when they study at the UK’s world-leading universities.”

The UK said overseas students will be stopped from switching from the student visa route to a work visa until their studies have been completed.

The UK government said it will also review the required funds students must have to demonstrate they can look after themselves and their dependents.

The Home Office said the government will clamp down on “unscrupulous” international student agents who may be supporting inappropriate applications.

Suella Braverman, secretary of state for the home department, said the move was necessary to protect the UK economy.

“The UK is a top destination for the brightest students to learn at some of the world’s best universities. But we have seen an unprecedented rise in the number of student dependents being brought into the country with visas,” Braverman said.

“It is time for us to tighten up this route to ensure we can cut migration numbers and meet the government’s pledge to the British people to cut net migration. This is the fair thing to do to allow us to better protect our public services, while supporting the economy by allowing the students who contribute the most to keep coming here.”

The ban will affect all master’s students and some other post-graduates, but it will not apply to PhD students who are highly skilled and whose courses last between three to five years.

NIGERIANS AMONG HARDEST HIT

If implemented, the crackdown will affect many Nigerian students hoping to pursue their postgraduate studies in the UK, as they accounted for the highest increase in the number of dependants accompanying persons with study visas in 2022.

Nigerian nationals also accounted for the largest increase in sponsored study grants compared with 2019, rising by 57,545 (+686%) to a record high of 65,929, making them the third largest nationality group.

https://twitter.com/rusticfunmi/status/1661255425524912129

Buhari has said  he would run to neighbouring Niger Republic to seek a safe haven

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President Muhammadu Buhari has said  he would run to neighbouring Niger Republic to seek a safe haven if disturbed or there is trouble after he leaves office.

Speaking during the inauguration of the N19.6 billion Nigeria Customs Service Corporate headquarters in Abuja on Tuesday, Buhai said, “I try to plan to be as far away from Abuja as possible. I came from an area which is far away from Abuja.

“if anybody with force moves, I have good relationship with my neighbours. Niger people will defend me.”

Buhari revealed that the first official trip he made when he assumed office as Nigeria’s President was to visit the Niger Republic, Chad and Cameroon to cement the country’s relationship with them.

The President, who ruled Nigeria as military Head of State between 1983 and 1985 and was elected in 2015 as a democratic president.

“I said these few things about my personal belief because I have only six more days to go,” he said.

“That is why when I became the Head of State that is President, my first visit was to Niger, Chad and Cameroon because based on neighbourhood on personal and national reason. If you don’t secure the confidence of your neighbour, you are in trouble.

Hanan Buhari, one of the daughters of President Buhari, said her father spent eight years achieving in-silence

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Hanan, one of the daughters of President Muhammadu Buhari, has described her father as a silent achiever.

Buhari, who will exit power next week upon the completion of his second term in office, will hand over to President-elect Bola Tinubu, on Monday.

In his last week in office, the outgoing president has been commissioning projects across the country.

In a post via her Instastories, the mother of one shared a photo of the President during the inauguration of two new warships and review of the naval fleet in Lagos on Monday.

She captioned the post: “My father…The Silent Achiever!”