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BREAKING: CBN Directs banks to dispense old notes – Soludo

Published

2 weeks ago

March 13, 2023

Charles Chukwuma 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.

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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.

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Four sentenced to death by hanging for kidnapping Emzor Pharmaceutical MD’s sister

Published

28 mins ago

March 24, 2023

Trends Admin

Justice Lateef Lawal-Akapo of a Lagos State High Court sitting in Ikeja on Thursday sentenced four men to death by hanging for armed robbery and kidnapping of Mrs. Gloria Emole, the younger sister of Emzor Pharmaceutical Managing Director, Chief Ebuka Okafor.

The convicts are Victor Chukwunonso V, Ifeanyi Maduaka, Obinna Nwankwo, and Richard Nwabueze.

The trial judge, Justice Lawal-Akapo, held that the prosecution was able to prove its case beyond a reasonable doubt.

The first convict Chukwunoso was a former employee of the victim’s elder brother who was sacked after he fought in the company against the rule of the company that fighting was prohibited.

The convicts were arraigned on July 13, 2013, and were remanded in prison custody.

The convicts had on November 19, 2012, at about 8:30 a.m. committed the offences.

They were arraigned on a three-count charge bordering on conspiracy, armed robbery, and kidnapping preferred against them by Lagos State.

The Director of Public Prosecution, Dr. Babajide Martins, had told the court during their arraignment that they had kidnapped the victim who was about to leave her house at 7, Unity Street, Ogudu GRA, Lagos.

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Martins had told the court that the victim was kidnapped, blindfolded thrown inside the booth, and was driven to an unknown area in Ikorodu.

According to the Prosecutor, the offences committed are contrary to and Punishable Under sections 297,285 (2) a, and 291, of the Criminal laws of Lagos State 2015.

The victim was later released on November 22, 2012, after a ransom of $ 70,000 US dollars was paid, by her husband.

During the trial, the prosecution called four witnesses, who testified against the defendants.

The victim narrated to the court that she made a statement at the Police station and how the incident happened.

She said that on November 19, 2012, the first accused person held a double barrel, accosted her at about 8:30 a.m., blindfolded and locked her in her booth, and took her to an unknown destination.

She narrated that after the kidnap they demanded $300,000.

The victim’s husband, Osodun Emole, in his testimony also told the court that he paid the first and second convicts the sum of $70,000 US dollars.

Emole said that they had initially asked for $300,000, but after negotiation, they accepted $70,000.

He stated that he put the money inside an envelope and he was instructed how he was to dress and where to drop the money.

Emole also told the court that it was the police that told him that the convicts had been arrested.

Inspector Gbenga Faguiro, who tendered nine exhibits, had also narrated that the first convict was arrested at Alapere Ketu and a Nokia phone was recovered from him. Independent

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Pastor absconded after using group’s thrift savings to pay LAPO debt

Published

43 mins ago

March 24, 2023

Trends Admin

Amazing Grace membership form

Martins Emmanuel, a member of the Amazing Grace Eagle Family, a Christian group in Kwara, has told FIJ how a pastor absconded with the monetary contributions of the group.

Emmanuel narrated how his pastor introduced him to the thrift, which was being run by his associate, another pastor named Afolabi Olakunle Alexander.

Emmanuel told FIJ he agreed to the said thrift in order to have savings for his child’s school fees.

“In December 2021, precisely December 27, I got a chat from my pastor, Reverend Simeon Oladejo. He told me thrift was being organised for Christian believers. We attend same church, and he’s one of our pastors in Ife. I asked him how much I could be contributing, and he told me the least was N5000,” said Emmanuel.

“I agreed, and I started making my contributions in February. I made my contributions until November 2022, when I was to get my money.

“According to the list of people that would be paid monthly, which was sent to the platform, I was to be paid on November 15, 2022.”

However, when Emmanuel reached out to his pastor, he was told Pastor Afolabi had absconded with the money and efforts to reach him had been futile.

“When I reached out to Reverend Oladejo, he said the man took away the money, and that he had tried to get across to him, but to no avail,” Emmanuel told FIJ.

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“Pastor Afolabi is a known associate of Reverend Oladejo. After making the payment into his account, the receipts were usually sent to him.

“I began to send messages to him to please give me my money, as I needed to pay my children’s school fees. But he replied none of my messages, including the ones sent on WhatsApp. He would read but not reply.”

OVER 100 CONTRIBUTORS INVOLVED

Documents and other items of evidence at FIJ’s disposal show that no less than hundred contributors were involved.

FIJ reached out to some other members of the group, and their accounts did not differ from Emmanuel’s.

One Omoniyi, a Port-Harcourt resident, told FIJ that he also could not get his money. He said his efforts had always been met with a series of excuses from Reverend Oladejo, who introduced him to the group.

“I am also involved in it. I have about N55,000 with him, but each time I reached out, I was always told that the persons in charge of the money ran away with it. There are many others that have not got their money,” Omoniyi told FIJ.

‘OVER N2M BELONGING TO MY GROUP NOT PAID’

An inner member of the group, who asked not to be named, told FIJ that no less than N2 million belonging to his own clique in the group had not been paid. This, according to him, was besides his own personal N200,000.

“I am a member of the group, and I hold an important position in the administration of the thrift. The matter is more serious than that. My money too is stuck in there, and it is about N200,000. The people that I brought into the programme have also not been paid their money, which is over N2 million naira.”

FIJ learned that Pastor Afolabi used the money contributed to offset his debt with the microfinance bank popularly known as LAPO.

“He is running round to source for money. The issue is that he was owing LAPO some money. LAPO then told him to pay up to lend him more money, which he believed he would use to pay the contributors in the thrift group,” said a source who asked not to be named.

“However, after he paid LAPO using the contributors’ money, LAPO came up with an excuse that they had closed for the year.”

Efforts by FIJ to hear from Pastor Afolabi proved abortive as his line was unreachable.

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BREAKING: Ike Ekweremadu, wife found guilty of organ trafficking

Published

19 hours ago

March 23, 2023

Trends Admin

Ike Ekweremadu, and his wife, Beatrice

Ike Ekweremadu, a former Deputy Senate President; Beatrice, his wife; and their doctor have been found guilty of organ trafficking in the UK.

The decision was reached after a jury deliberated for 14 hours.

It represents the first verdict of its kind under the Modern Slavery Act of the country.

Ekweremadu, 60; his wife, Beatrice, 56; and Dr Obinna Obeta, 51, were found guilty of facilitating the travel of a young man to Britain to exploit him after a six-week trial at the Old Bailey.

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Prosecutors told the Old Bailey that the kidney was to be harvested for Sonia, the couple’s daughter. Sonia was cleared of the same charge.The victim, a street trader from Lagos, was brought to the UK last year to provide a kidney in an £80,000 private transplant at the Royal Free Hospital in London. Obeta was regarded as the middleman in the case. FIJ