Politicians More Affected By CBN’s Cash Withdrawal Limit, Says CAN President
The President of the Christian Association of Nigeria, Most Reverend Daniel Okoh, has said the new cash withdrawal limit of the Central Bank of Nigeria will have more impact on politicians. Speaking at the thanksgiving service of the new president of the Organisation of African Instituted Churches, Nigeria Region, Okoh who was represented by the immediate president of OAIC, Napo...
Kaduna State Government Orders Agencies To Accept Old Naira Notes
This was contained in an official statement released by the Special Adviser to the Governor, Media, and Communication, Muyiwa Adekeye on 19th February 2023. He said, "In line with the subsisting order of the Supreme Court, the Kaduna State Government has directed its ministries, departments, and agencies to ensure that their collection agents continue to accept payments made in all...
N87 Trillion Nigeria’s Debt Profile Alarming — CISLAC
The Civil Society Legislative Advocacy Centre (CISLAC) has raised the alarm over the county’s debt surge by 75 per cent under President Bola Ahmed Tinubu’s administration. The Executive Director of CISLAC, Auwal Ibrahim Musa (Rafsanjani), in a statement, expressed concerns over Nigeria’s startling 75 per cent surge in debt, now towering to N87 trillion. He said: “The figure represents an increase...
CBN Order Banks To Resume Collection Of Old N500, N1000 Notes (See Detail)
The Central Bank of Nigeria has directed banks to begin collecting old N500 and N1,000 notes from the public as soon as possible. It did, however, set the maximum amount that banks could collect at N500,000. The CBN insisted that the old currencies were no longer legal tender. According to a bank source, the CBN ordered the banks to collect the funds...
The Beast Called Emefiele Must Face Full Wrath Of Law – Fani-Kayode
Femi Fani-Kayode has celebrated the suspension of Godwin Emefiele from the office of the Governor of the Central Bank of Nigeria. The APC chieftain in a statement issued on Friday labelled Emefiele a beast. Fani-Kayode alleged that Emefiele financed terrorism and committed monumental thievery and corruption. The former minister of aviation said: “The beast called Godwin “The Greed” Emefiele has finally been...
CBN Breaks Silence, Says Old Naira Notes Remain Legal Tender Till Dec 31st
The Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023. Isa Abdulmumin, CBN spokesperson, announced the development in a statement on Monday. “In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterized the government of President Muhammadu Buhari, and...
EFCC Intercepts N32.4m New Naira Notes Allegedly Meant For Vote-buying In Lagos State
The massive operation by the Economic and Financial Crimes Commission, EFCC, to deter vote trading and other financial malfeasance ahead of tomorrow's presidential and national assembly elections may have begun paying dividends with the interception in Lagos of the sum of N32, 400,000 (Thirty-two Million, Four Hundred Thousand Naira) allegedly suspected to be used for vote buying in Lagos....
Fake Naira Notes In Circulation, CBN Warns Nigerians
The Central Bank of Nigeria(CBN) has warned Nigerians to be wary of counterfeit naira notes in circulation amid reports of currency shortage in the country. In a statement released on Friday titled ‘Beware of Counterfeit Naira Banknotes in Circulation,’ the apex bank advised Deposit Money Banks, Financial Houses, Bureau de Change, and the public to be vigilant and implement necessary...
After Repeated Complains Over Salaries, Staff Of Public Complaint Commission Lock Up Commissioner In Office
Staff of the Public Complaints Commission, on Wednesday, locked the Chief Commissioner, Abimbola Ayo Yusuf, in the office during a protest over the non-payment of the Consolidated Legislative Salary approved by the National Assembly. The action of the PCC workers in Abuja was premised on their protest to ventilate their grievances. In 2021, the Senate upgraded the salary scale of staff...
Governors Are Devastated By New Naira Policy Because They Can’t Buy Votes Again — Sanusi
A former governor of the Central Bank of Nigeria, Lamido Sanusi, claims governors are angry with the new naira policy because they will not be able to buy votes during the February 25 and March 11 elections. On Sunday, Mr Sanusi advised would-be voters to disregard the governors and other politicians’ opposition to the naira swap. “It is the politicians’ plan...
