NEWS: Abia Women Protest Farm Invasion, Sexual Harassment by Fulani Herdsmen

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CBN Bans Resale of Dollar to Shore Up Naira

The Central Bank of Nigeria (CBN) has banned banks from reselling dollars bought at a currency auction to other banks.

Ibrahim Muazu, the Central Bank spokesman confirmed that on Friday the CBN sold dollars in a special intervention. He said that the central bank would continue such sales on a “need basis” to satisfy demand in the interbank market and curb speculative attacks.

Muazu went further to say that the bank was not planning to devalue the currency again after last November’s 8 per cent cut, aimed at preserving foreign exchange reserves, but was studying dollar demand closely.

“Our target is to stabilise the market in the interest of investors and the economy. We will do everything to ensure that we meet demand,” Muazu told Reuters.

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Abia Women Protest Farm Invasion, Sexual Harassment by Fulani Herdsmen

On Friday hundreds of people, mostly women trooped to Umuahia, the Abia State capital to protest the invasion of their farmlands by Fulani herdsmen, whom they accused of not only destroying crops but sexually harassing women who go to farms.

The protesters who came from Ahaba  Imenyi in Isuikwuato local government took their protest to government house where they recounted their ordeal in the hands of the herdsmen, who act with impunity.

The women leader on the community, Mrs. Victoria Ifeanyichukwu said that the community had been pushed to the wall as women had stopped going to the farms due to the incessant sexual harassments and attempted rape by the herdsmen.

He said “We can’t go to our farms for fear of being raped by the herdsmen,”.

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