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Just in: Banks not authorised to accept old N500, N1,000 notes, says CBN
The Central Bank of Nigeria (CBN) on Friday clarified that no commercial bank has been authorised to receive deposits of the old N500 and N1,000 notes, contrary to news making the rounds in cyberspace.
BN Spokesman, Mr Osita Nwanisobi, in a statement described the news as fake and unauthorized.
“For the avoidance of doubt, and in line with Mr. President’s broadcast of February 16, 2023, the CBN has been directed to only reissue and recirculate the old N200 banknotes and this is expected to circulate as legal tender for 60 days up to April 10, 2023.
“Members of the public should therefore disregard any message and/or information not formally released by the Central Bank of Nigeria on this subject.
“Media practitioners are advised to please verify any information from the correct sources before publication”, Nwanisobi explained.
Governor of Kaduna State, Nasir el-Rufai, in a state broadcast, declared that the old naira notes were still legal tender and asked the Kaduna public to use them for financial transactions, pending the full judgement of the Supreme Court on the matter.
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BREAKING: Court acquits Ex-AGF Adoke
BREAKING: Court acquits Ex-AGF Adoke
A former Attorney-General of the Federation, Mohammed Bello Adoke, has been acquitted of money laundering charges by an Abuja Federal High Court.
Justice Inyang Ekwo of the Federal High Court, Abuja, upheld Adoke’s “no case” submission against the money laundering charges.
In 2017, the Economic and Financial Crimes Commission (EFCC) charged Adoke and Abubakar Aliyu, a property developer, with laundering about N300 million.
While the EFCC acknowledged before Ekwo that it was a mortgage taken by Adoke from Unity Bank, it alleged before Justice Kutigi that the money constituted a bribe from the sale of an oil block by Malabu Oil & Gas Ltd in 2011.
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On March 28, 2024, Kutigi dismissed the charges against Adoke and others, citing contradictions and criticizing the EFCC for a four-year trial.
Justice Ekwo, on Friday, ruled that the EFCC failed to provide evidence to prove the essential elements of the offence against Adoke, acquitting him of the charges.
However, Ekwo mandated Aliyu, the second defendant, to open his defence, stating that he has a case to answer.
BREAKING: Court acquits Ex-AGF Adoke
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Army releases Delta traditional ruler detained over slain 17 soldiers
Army releases Delta traditional ruler detained over slain 17 soldiers
The Nigerian Army has released a Delta State traditional ruler, Clement Ikolo, arrested over the murder of 17 soldiers in Okuama community.
He was released on Friday during a briefing by the Director of the Army Public Relations, Onyema Nwachukwu.
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BREAKING: Tension in Benue as riot police take over APC secretariat
BREAKING: Tension in Benue as riot police take over APC secretariat
Anti-riot Police forces have assumed control of the All Progressive Congress (APC) Secretariat led by Comrade Austin Agade in Makurdi, the capital of Benue state.
This marks the second instance within a month. It’s noteworthy that Makurdi hosts two separate APC secretariats, with Agada heading one and Benjamin Omakolo overseeing the other.
The Agada-led APC State Working Committee (SWC) had scheduled the inauguration of members of the zoning committee for the upcoming council elections at their Secretariat on Friday the 19th.
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In a pre-emptive move, anti-riot police trucks arrived as early as 6 a.m., barricading all routes leading to the Secretariat.
At present, the situation is chaotic, with motorcycle riders, suspected to be aligned with the Benjamin Omakolo-led APC State Working Committee, occupying the area. Chief Of Staff Paul Biam has characterized this faction as the authentic APC.
Governor Hyacient Alia previously issued a ban on all political activities and public gatherings in Benue State, and it appears this directive remains in force.
BREAKING: Tension in Benue as riot police take over APC secretariat
BREAKING: Court acquits Ex-AGF Adoke
Army releases Delta traditional ruler detained over slain 17 soldiers
BREAKING: Tension in Benue as riot police take over APC secretariat
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