BREAKING: CBN Directs banks to dispense old notes – Soludo – Newstrends
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BREAKING: CBN Directs banks to dispense old notes – Soludo

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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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Nigerian Army appoints Onyinyechi Anele as first female spokesperson

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Nigerian Army appoints Onyinyechi Anele as first female spokesperson

The Nigerian Army (NA) has appointed Onyinyechi Anele, a lieutenant colonel, as acting director of army public relations.

She is the first woman to be appointed to the position.

Markus Kangye, director of defence media operations, confirmed Anele’s appointment to newsmen.

Anele will officially succeed Onyema Nwachukwu, a major general, on April 22.

Prior to her appointment, Anele worked at the department of civil-military relations.

She once served as the public relations officer in the office of the chief of army staff. She is a member of Direct Regular Course 15 and the Nigerian Institute of Public Relations (NIPR).

Nwachukwu spent over three years as the army’s spokesperson. He was appointed in June 2021 following a major reshuffling in the military.

Nwachukwu served three Chief of Army Staffs as army image maker, starting with Lt. Gen. Faruk Yahaya (Rtd), Late Lt. Gen. Taoreed Lagbaja, and the incumbent COAS, Lt. Gen. Olufemi Oluyede.

Meanwhile, the NA discredited a viral video on the lack of ammunition, explaining that the trending video footage is recycled with the obnoxious and malicious intent of denigrating the Nigerian Army.

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Outgoing spokesperson of the Nigerian Army, Major General Onyema Nwachukwu, said: “The attention of the NA has been drawn to an old video posted on various social media platforms by unscrupulous elements showing troops chanting, ‘Enough Is Enough: They’re Playing Politics With People’s Lives, Without Ammunition.’”

To this end, the Nigerian Army clarified that the said video is an old audio-visual being recycled with the obnoxious and malicious intent of denigrating the Nigerian Army, particularly at a time when the institution is doing everything to reinvigorate its efforts in containing security challenges bedevilling the country.

Nwachukwu said that while it is needless to join issues with such unpatriotic elements, the service further clarified that it is not lacking in the requisite logistics to carry out its constitutional mandates. This, he said, is evident in the series of successes recorded in various theatres of operations.

“As the NA continues to count on the support of well-meaning Nigerians through the provision of credible information that could enhance the surmounting of the security challenges bedevilling the nation, the general public is once again enjoined to refrain from circulating such mischievous content, as it not only constitutes a distraction to ongoing operations but also serves to dampen the morale of the troops.

“The despicable act of recycling an old video just to gain traction on social media is, therefore, undignifying and a complete distraction to the noble course of defending the territorial integrity of Nigeria.”

He enjoined the public to always fact-check their information before sharing the content in order to prevent the spread of fake and misleading narratives.

 

Nigerian Army appoints Onyinyechi Anele as first female spokesperson

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Youths attack Fulani settlement, accuse residents of aiding bandits

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Youths attack Fulani settlement, accuse residents of aiding bandits

group of irate youths on Thursday attacked a Fulani settlement in Kemenji Village, Kaiama Local Government Area of Kwara State, accusing its inhabitants of colluding with bandits in the kidnapping and killing of locals.

According to a report by counter-insurgency expert, Zagozola Makama, intelligence Sources revealed that the youths, led by one I. Bature, stormed the Fulani camp and set a number of huts ablaze before fleeing the scene.

Upon receiving the report, The Nigerian Army troops in collaboration with the police answered other security agencies swiftly stormed the area to prevent further escalation.

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The security team succeeded in restoring normalcy, while efforts are said to be ongoing to apprehend the ringleader and other suspects who are currently at large.

Security agencies assured that the situation is under control and warned against taking the law into one’s hands, reiterating the commitment of security agencies to safeguarding lives and property in the area.

Youths attack Fulani settlement, accuse residents of aiding bandits

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Police arrest 3, after busting Imo IPOB terror hideout

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Police arrest 3, after busting Imo IPOB terror hideout

The Imo State Police Command has announced the arrest of three suspected members of the Indigenous People of Biafra (IPOB) following a raid on an alleged terror hideout located on Cameron Street, Ubahu, in the Okigwe Local Government Area of the state.

The raid, which took place in the early hours of Thursday, April 17, 2025, was carried out by the command’s tactical teams in collaboration with local vigilante groups, acting on credible intelligence. The operation led to a gun battle, during which two suspects reportedly fled into the surrounding bushes, while three others were captured.

The arrested suspects were identified as: Onyekaba Ikenna Innocent (21), Ugwu Ikenna (31) and Ofor Kasarachi (37)

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Spokesperson of the Imo State Police Command, Henry Okoye, disclosed the development while parading the suspects and recovered items at the command’s headquarters in Owerri on Friday.

According to Okoye, the operation led to the recovery of significant weapons and materials allegedly linked to terrorist activities. Items recovered include: One AK-47 rifle, Two pump-action shotguns, Eighteen live cartridges, Multiple mobile devices and laptops, ₦10.3 million in cash

“The recovered cash, based on preliminary investigations, is believed to have been contributed by IPOB members to finance acts of terrorism,” Okoye stated.

He added that the command, under the leadership of Commissioner of Police CP Aboki Danjuma, remains committed to sustaining the ongoing crackdown on criminal elements threatening public safety in Imo State.

As the Easter season approaches, Okoye assured residents that the command has intensified patrols, surveillance, and checkpoints in coordination with other security agencies to ensure a safe and peaceful celebration.

Police arrest 3, after busting Imo IPOB terror hideout

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