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...
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...
President Buhari Reportedly Set To Extend Validity Of Old Naira Notes Till April 10
President Muhammadu Buhari is reportedly considering extending the validity of old 200, 500 and 1000 naira notes by 60 days. TheCable reports that this is to avoid disobeying the order of the Supreme Court of Nigeria which ruled that the old notes remain valid until it delivers judgment in the case filed by some states against the federal government. The CBN...
Cash Swap: FG Wants Only N200 Old Notes To Remain Legal Tender Till April – El-Rufai
Nasir El-Rufai, Governor of Kaduna State, has revealed that the Federal Government has proposed that only the old N200 notes remain legal tender until April 10, 2023. Muyiwa Adekeye, Governor El-Rufai's Special Adviser on Media and Communication, stated this on Wednesday. The governor denied reports that the governors of the All Progressives Congress met with the federal government on Wednesday. He did, however,...
Cultists Kill Nine On Valentine’s Day In Rivers
On Valentine's Day, at least nine people were killed in a clash between rival cult groups in Ikata, Upata kingdom, Ahoada East Local Government Area, Rivers State. It was gathered that the members of the two cult groups had a disagreement that degenerated, and thereafter, they engaged themselves in an exchange of gunfire that caused panic in the community. A source...
Buhari Erred By Banning 1000, 500 Naira Notes — Wike
Governor Nyesom Wike of Rivers State on Thursday faulted the ban of old N500 and N1,000 notes by President Muhammadu Buhari despite an order of the Supreme Court saying three old banknotes should remain legal tender till a determination on the case. Wike, in a media chat after the President’s national broadcast on Thursday morning, described as a “corporate interference”,...
Akwa Ibom Teenager Reveals Why She Buried Her Newborn Baby Alive
A teenage girl identified simply as Bright, buried her newborn baby alive in a shallow grave she dug in a garden inside a compound a few minutes after delivery in Ifa Ikot Okpon community, Uyo Local Government Area of Akwa Ibom state. The 18-year-old girl, who did not want the baby after giving birth, was said to have committed the...
Constitution Allows Me To Have N70m In Hard Copy For Election — Rep. Doguwa
A House of Representatives member Ado Doguwa says the naira crunch will affect the electioneering expenses of politicians, noting that he needs N70m in “hard copy” for the poll. He made the comment after a meeting with President Muhammadu Buhari at the Aso Rock villa in Abuja on Thursday in the wake of the Nigerian leader’s directive to the CBN...
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...
Three Banks Looted By Hoodlums In Rivers
In Port Harcourt, the Rivers State capital, hoodlums destroyed three commercial banks and looted properties in protest of the Central Bank of Nigeria's naira redesign policy. According to PUNCH, the affected institutions on Friday afternoon were First Bank in Churchill and Keystone Bank along Aggrey Road, both in the old Port Harcourt Township area of Port Harcourt. Customers destroyed the First...
