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I Regret Creating SARS In 1984 — Former CP Fulani Kwafaja

A retired Commissioner of Police, Fulani Kwajafa, has expressed regrets for establishing the Special Anti-Robbery Squad (SARS) of the Nigeria Police Force. . . Kwajafa while speaking in an interview with BBC Hausa said the unit had completey derailed from its founding objectives. . . “I entered the Nigeria Police Force in 1984. Then robbery was prevalent. Buhari, the then Head of State, got a lot of complaint. He told me and Mr Inyang, the then IGP, that we must do something about it or be fired. . . Mr Inyang called me and told me to come up with a plan to save the country from thieves, so I said okay. . . After four months of creating SARS, there was peace, those who were not caught ran, and those who were caught were sent to prison. . . This thing frustrates me, there is no reason why because someone commits a crime that the person should be killed. There are laws and no one will give an order that if you see armed robbers kill the person. . . I’ve been hearing disheartening news, to the extent that…

ALL HAIL CBN!





Nigeria's central bank kept the main interest rate at 14 percent as expected on Tuesday and pledged to close the gap between the official and black market exchange rate. 

Central bank governor Godwin Emefiele said inflationary pressures were continuing unabated while Africa's biggest economy was undergoing its first recession in 25 years, justifying the rate decision......


All but one of 13 economists surveyed in a Reuters poll had expected the bank to keep the benchmark rate on hold. Emefiele also told reporters the central bank was optimistic that interventions in the foreign exchange market would stabilize the battered naira currency. 





Nigeria has been suffering from dollar shortages due to low oil prices that have driven down the naira on the black market. But the spread has narrowed since the central bank devalued the retail rate last month, and it has pumped more dollars into the banking system since then.

 "We have seen the rates converging and we are strongly very optimistic that (they) will converge further," Emefiele, speaking after a two-day meeting of the bank's monetary policy committee, said when asked about the spread between black market and official rates. The central bank also kept its cash reserve ratios for commercial banks at 22.5 percent. 



(Reporting by Ulf Laessing, Chijioke Ohuocha, Oludare Mayowa and Camillus Eboh; Editing by Mark Heinrich) ((Ulf.Laessing@thomsonreuters.com; Reuters Messaging: follow me on twitter @ulflaessing))









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