metro
BREAKING: CBN Directs banks to dispense old notes – Soludo
The Central Bank of Nigeria (CBN) has finally directed commercial banks to dispense old currency notes and to also receive same as deposits from customers.
This was disclosed by Governor Chukwuma Charles Soludo of Anambra State, who is a former CBN Governor
Recall that Daily Trust had exclusively reported that some commercial banks had commenced payment of the old naira notes despite the absence of any directive by the CBN.
The Anambra Governor said tellers at the commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company can make deposits.
READ ALSO:
- Obi secretly working with U.S to truncate my free mandate — Tinubu
- ACF to Buhari: Your disobedient to S’ Court judgment on old naira notes damage your credentials
- Armed robbers operate with POS in Ibadan community
Soludo said the CBN Governor gave the directive at a Bankers’ Committee meeting held on Sunday, 12th March, 2023.
“The Governor, Dr Godwin Emefiele, personally confirmed the above to me during a phone conversation on Sunday night. Residents of Anambra are therefore advised to freely accept and transact their businesses with the old currency notes (N200; N500; and N1,000) as well as the new notes,” Soludo added.
He called on residents to report any bank that refuses to accept deposits of the old notes. “Anambra State Government will not only report such a bank to the CBN, but will also immediately shut down the defaulting branch.”
Checks by Daily Trust with the CBN to independently confirm the claim proved abortive as the spokesman, Isa Abdulmumin, could not be reached.
Sources at the Apex bank told our reporter that there have been several virtual meetings between Emefiele and the bank chiefs leading up to Sunday evening and there are strong indication that the news is true.
The CBN has at the time of this story has not debunked the claim of Governor Soludo.
metro
Many killed, houses, vehicles destroyed in Delta petrol tanker explosion
Many killed, houses, vehicles destroyed in Delta petrol tanker explosion
Many people were feared dead as a petrol tanker exploded Sunday afternoon on a highway in Delta State.
The accident occurring on Asaba-Lagos Road in the Agbor Ika South Local Government Area caused huge damage to houses and vehicles trapped in the inferno.
The explosion was reported to have happened when the petrol tanker was navigating a turn near First Bank in Agbor and overturned.
Firemen from both Delta state and federal authorities were mobilised to the scene, according to the director of the state fire service, Eugene Oziwele.
Oziwele also confirmed that the casualties were high, adding firemen from Asaba joined those in Agbor with others from the Federal Fire Service to put out the raging fire.
metro
Farmer-herder crisis: Cooperative to establish ranches in 774 LGs
Farmer-herder crisis: Cooperative to establish ranches in 774 LGs
The National Agricultural Mechanisation Cooperative of Nigeria (NAMCON) has disclosed plans to establish cattle ranches in the 774 local governments across Nigeria.
According to the National President of the cooperative, NAMCON, Dr Aliyu Waziri, the move is part of sustained efforts to modernise livestock production in the country, bolster value-addition and address the persistent clashes between farmers and herders.
He spoke with journalists in Kaduna adding that the ranches would be provided with adequate animal feeds, mega dams and an array of features of world-class equipment, thereby ensuring herders and their livestock have no cause to migrate in search of water and food.
READ ALSO:
- Again, Northern elders ask FG to suspend tax reform bills
- Police arrest 17 for killing suspected wizard, rescue kidnap victims
- Haaland scores twice as Man City hammer West Ham
He said the ranches would be adequately equipped with clinics, western and Islamic schools and other necessary infrastructure.
Waziri said, “These ranches will be fully equipped for both rainy and dry season farming activities for the sustained production of food as this is very crucial to boosting food security, jobs creation, poverty eradication and jerking off Nigeria’s foreign reserves.”
The ranches, he said, would also have plantations of various economic trees like mango, guava and cashew.
He said, “The gesture will also greatly help in combating the recurring herder-farmer clashes in the country.”
Waziri maintained that the goal of the cooperative was to transform Nigeria’s agricultural sector through mechanization and empowerment programs.
He recalled that in November 2021, NAMCON empowered 15 million farmers, especially women and young people, on farm mechanisation.
He then urged the government to explore the agricultural sector’s hidden potential to address unemployment and food security.
Farmer-herder crisis: Cooperative to establish ranches in 774 LGs
metro
Again, Northern elders ask FG to suspend tax reform bills
Again, Northern elders ask FG to suspend tax reform bills
The Northern Elders’ Forum (NEF) has again raised concerns over the Federal Government’s proposed Tax Reform Bills, urging immediate suspension of the implementation and calling for extensive dialogue with stakeholders.
The forum criticized the government for failing to engage critical stakeholders and experts before drafting the reforms.
NEF expressed its position in a statement on Saturday signed by its Chairman of Management Board, Al-Amin Daggash, highlighting the reforms’ potential adverse effects on Northern Nigeria and the nation as a whole.
Daggash said: “Once again, it is necessary to reiterate, that indeed, Nigerians in general and Northerners in particular, are not really against the introduction of any form of good and meaningful reforms by those in positions of authority, at the federal, state or local government levels.
READ ALSO:
- Police arrest 17 for killing suspected wizard, rescue kidnap victims
- Haaland scores twice as Man City hammer West Ham
- China battles spike in new respiratory illness after COVID-19 pandemic
“Even though, we shall remain very implacable in reaffirming that, our practical experiences teach us, that, going by global best practices, successful reforms are known to be underpinned by strict adherence to certain common cardinal characteristics of the public policy-making process.
“For convenience of exposition, these similarities include, but, not limited to the under listed basic essentials: Extensive pre-reforms early engagements with experts and critical stakeholders, in order to secure their buy-in
“Establishing a very well-defined media/communication strategy, that clearly articulates the full import of the reforms and disseminates public awareness and mass enlightenment on a nationwide scale.
“Designing a robust, transparent and inclusive implementation mechanism. Pro-actively putting in place a well-sequenced process, in order to ensure that the meticulously planned reforms, really meet the society’s desired and anticipated outcomes.
“The Northern Elders’ Forum make bold to say that the recently proposed Tax Reform Bills by the Federal Government, were clearly in the breach, with regards to adhering to the above listed common characteristics of reforms and public policy-making process, all over the world and in conformity with the global best practices.”
Again, Northern elders ask FG to suspend tax reform bills
-
metro2 days ago
Youths beat Osun monarch for appointing Imam
-
Business2 days ago
Petrol price may crash to N500/litre, say marketers
-
Business2 days ago
Meta deletes AI accounts after backlash over posts
-
metro3 days ago
Tinubu’s refusal to honour Seyi’s pact with us disappointing – Nnamdi Kanu’s family
-
metro3 days ago
Jealous husband stabs Bishop to death over alleged affair with wife
-
metro2 days ago
Mosques should be research centres – Varsity don
-
metro2 days ago
Yar’Adua stopped refinery sale to Dangote over due process, paltry amount – Falana replies Obasanjo
-
metro2 days ago
Edo LG chairman, 8 councillors, defect to APC