Bus Conductor, Passengers Exchange Hot Blows Over Old Naira Notes In Kaduna
Following the deadline for the acceptance of old currency as legal tender by the Central Bank of Nigeria, bus conductors, and passengers on Wednesday exchanged blows over the former’s refusal to accept old notes as transport fare in Kaduna. Trouble started when a ten-passenger bus operating from Sabon Tasha Community, in Chikun Local Government Area of Kaduna State, heading towards...
Court Grants Nollywood Actress, Oluwadarasimi Omoseyi N5m bail
Oluwadarasimi Omoseyin, a Nollywood actress charged with alleged tampering and spraying of the redesigned Naira notes, was granted N5 million bail by a Federal High Court in Lagos State on Wednesday. The Economic and Financial Crimes Commission (EFCC) preferred two counts of charges against Omoseyin, who was arraigned before Justice Chukwujekwu Aneke on Monday. The charge was preoccupied with spraying and...
Emefiele Unfit As CBN Gov, He’s Extremely Partisan – Akeredolu
Ondo State Governor Oluwarotimi Akeredolu stated on Wednesday that the Governor of the Central Bank of Nigeria, Godwin Emefiele, is unfit to lead the apex bank. According to Akeredolu, the CBN governor should have been removed from office when he expressed interest in running for the All Progressives Congress, APC, presidential ticket. The governor also stated that if Emefiele's primary bid...
Govs Nasir El-rufai, Yahaya Bello Arrive Supreme Court Over Old Naira Suit Against FG
Governors Nasir El-rufai, Yahaya Bello were on Wednesday pictured at Supreme Court Over Old Naira Suit Against FG. The APC Governors want the supreme court to stop the implementation of the New Naira Policy of the CBN. They want the old Naira Notes to remain in use till after the 2023 elections (June) More details to come...
Feb 17 Deadline For Old Notes – CBN Releases Guidelines
The Central Bank of Nigeria, CBN, has informed citizens that no cash swap for old notes will take place in any financial institution. Despite a Supreme Court ruling, the CBN has already declared that the old N200, N500, and N1000 notes are no longer legal tender. The apex bank issued guidelines on Tuesday for depositing old notes at any of its...
Speaker, Femi Gbajabiamila Mentions Those Behind Naira, Fuel Crises
The Speaker of the House of Representatives, Femi Gbajabiamila, blamed the current naira and fuel scarcity on the actions of saboteurs on Tuesday. Gbajabiamila stated this during the launch of the second phase of "Gbaja Ride," a transportation initiative designed to help his Surulere constituents in Lagos. He claimed that the lingering scarcity of naira notes and the fuel crisis were...
Sit-At-Home Enforcer Burnt Alive By Mob In Anambra
Traders in Ogidi, Anambra state, Southeast Nigeria, have violently resisted the devastating effect of sit-at-home protests against the continued detention of Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), by burning one enforcer of the exercise. SaharaReporters gathered that the incident occurred on Monday when one enforcer allegedly went into the market to order business owners to observe...
Court Fixes Date For Patience Jonathan’s Final Forfeiture Hearing
The hearing of the final forfeiture application of $5.8 million and N2.4 billion linked to the former first lady, Dame Patience Jonathan, has been set for March 28 at a Federal High Court in Lagos. After ruling on the arguments advanced by counsel to the parties in the suit, Justice Tijani Ringim set the date. It should be noted that on...
Northern Governor Hiding N22bn Old Naira Notes – Buba Galadima
Buba Galadima, a Northern leader, has revealed that a serving governor kept N22 billion in obsolete naira notes. The revelation was made by the former National Secretary of the disbanded Congress for Progressive Change, CPC, during an interview on Trust TV's Daily Politics. Galadima responded to a question on the Central Bank of Nigeria's (CBN) contentious naira redesign strategy. The leader of...
Ganduje Orders Closure Of Popular Supermarket Over Refusal To Collect Old Naira Notes
Kano state Governor Dr Abdullahi Umar Ganduje has directed the acting chairman of Kano State Consumer Protection Council, Baffa Babba Dan’agundi to shut down Wellcare supermarket that sells food products and pharmaceutical drugs. The order of closure follows the refusal of WellCare supermarket to accept the old naira notes from customers against instruction by the Kano state government to continue...
