The Economic and Financial Crimes Commission (EFCC) has released controversial social media activist Martins Otse, popularly known as VeryDarkMan (VDM), from custody.

In a video posted on Instagram by blogger Tunde Ednut on the evening of Wednesday, May 7, 2025, VeryDarkMan can be seen sitting in the back of a car alongside his lawyer and activist, Deji Adeyanju, at the wheel.

In the video clip, the activist characteristically laughed off insinuations that his arrest was connected to an alleged money laundering scheme.

He said he’s spending so much on charitable causes that some people begin to question where he gets the money from, unaware that he incurs debt in the process.

“Anyways, we’re outside. With my lawyer, of course,” he screamed ecstatically. “And you know what we do: We can never get inside when we have our lawyer by our side,” he continued.

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The ongoing trial of the leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, continued on Wednesday May 7, 2025, at the Federal High Court in Abuja with the Federal government prosecution counsel playing some of the Radio Biafra broadcast and videos made in open court to establish the allegation of terrorism preferred against him. The broadcast and video documents, which were marked as exhibits, were tendered through the 2nd prosecution witness (PW-2), identified as BBB, before Justice James Omotosho of the Federal High Court in Abuja. The recordings were said to have featured statements allegedly made by Kanu during periods of national unrest, including the 2020 EndSARS protests and various security incidents in the South-East. According to reports, in one of the broadcasts, Kanu was reportedly heard lamenting Fulani herders attacks and accusing Nigerian governors of betraying the South-East region. He also reportedly made controversial remarks about prominent political figures, including Imo State Governor Hope Uzodinma and former Rivers Governor Nyesom Wike, now Minister of the Federal Capital Territory (FCT). The content of the broadcasts reportedly ranged from calls for self-defense to direct criticisms of perceived government failures. It was gathered that a key point of contention was the interpretation of the broadcasts, as while the prosecution argued that the statements incited violence and promoted secessionist agendas, Kanus defense team, led by Chief Kanu Agabi (SAN), maintained that the broadcasts were political expressions protected under constitutional rights.Travel guides The prosecutions witness, under examination, confirmed Kanus identity in the videos and attempted to link the broadcasts to violent incidents, including attacks on security facilities. However, when questioned on certain charges, the witness admitted being unaware that some of the said charges had been previously struck out by the court.A notable portion of todays hearing also centered around the 2017 proscription of IPOB. The defense made no objections to the admission of the proscription document but pointed out that the ban was imposed through an ex parte order without IPOBs legal representation. The court was also presented with a letter from the former Attorney General of the Federation directing Kanus arrest, a document which the defence insisted was not initially served to them. Justice Omotosho had earlier insisted that all evidence must be duly served to the defence in the interest of fair hearing.The trial was adjourned to Thursday, May 8, for continuation of the examination of prosecution witnesses.     The post FG plays Nnamdi Kanus broadcast, videos in court to establish alleged terrorism charge appeared first on Linda Ikeji Blog.

By combining well timed purchasing decisions, adaptive pricing methods and transparent explanations to customers, they keep inventories sourced in naira alongside items whose costs follow the dollar both affordable and profitable.

Whether dealing with electronic devices, imported fabrics or staple foods, traders adjust order timing, packaging sizes and supplier choices to match current exchange fluctuations.

The 10 strategies below reveal how experienced sellers pivot fluidly between local currency and dollar aligned merchandise to maintain competitiveness and financial strength in a volatile forex environment.

ALSO READ: Best strategies to profit from a devalued Naira in Nigeria

1. Monitor exchange rate updates

Traders subscribe to several forex platforms and activate alerts for significant naira to dollar movements. Early notification of shifts allows them to revise selling prices or postpone restocking until more favorable rates apply.

2. Schedule bulk purchases when rates improve

When the naira briefly strengthens, traders place large orders for goods priced in dollars. As the naira weakens, they reduce import volumes and increase sourcing of products made locally and priced in naira.

3. Apply tiered pricing categories

Stock acquired at different exchange values is grouped into separate price levels. Clear signage distinguishes naira based items from those tied to the dollar, giving customers budget options while protecting trader margins.

4. Offer varied packaging sizes

Providing small units or mixed bundles enables traders to adjust unit costs without updating every price. Mini packs or sampler bundles soften the impact of currency swings and keep products accessible to all buyers.

5. Maintain a dollar reserve account

Sellers hold a portion of their working capital in dollar denominated accounts or digital wallets funded when the naira is at its strongest. These reserves cover urgent replenishments without resorting to spot purchases at peak rates.

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EXPLORE: 8 effective tactics to protect your naira from inflation

6. Cultivate multiple supplier relationships

By working with both local manufacturers and a range of international importers, traders can switch sourcing according to the prevailing exchange conditions, leaning on naira priced suppliers when the dollar rises and vice versa.

7. Use dynamic restock thresholds

Inventory tracking systems flag reorder points based on stock levels and rate forecasts. Traders adjust thresholds upward for dollar linked items when the naira falls, reducing exposure to sudden cost spikes.

8. Communicate pricing logic to customers

Onsite notices explain the link between currency value and product prices. When customers see live exchange rates alongside price adjustments, they understand rate driven changes and remain engaged rather than discouraged.

9. Secure forward purchase agreements

Some traders negotiate contracts that fix naira prices for future deliveries of high value goods. By locking in costs ahead of time, they shield their margins from unexpected currency swings.

10. Recycle turnover into fast moving goods

Profits from dollar denominated sales are quickly invested in high turnover products sold in naira, such as perishables or basic household items, when the naira is under stress. Once the currency stabilises, traders resume stocking higher margin imports.

These adaptable methods allow market traders to manage risk, maintain customer trust and safeguard earnings as they move seamlessly between naira based and dollar related merchandise in Nigeria’s ever shifting forex landscape.

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