metro
New naira notes to be printed locally, says CBN

•Policy targeted at opposition, says Obaseki
There is no plan to print the proposed new naira notes outside Nigeria, a Central Bank of Nigeria (CBN) Board member has said.
“All the new currency notes are printed in Nigeria by the Nigeria Security, Printing and Minting Company (NSPMC), so I do not envisage printing outside the country,” the Board member told The Nation in confidence.
He, however said that he has no idea of the cost for printing the new currencies for now. But he assured that the cost is “something that can be accommodated in view of the expected benefits of the re-designed notes”.
According to CBN Governor, Godwin Emefiele, the N1000, N500 and N200 are to wear new looks soon.
Shedding light on the communication or lack of it between the CBN and the minister of finance on the decision to redesign some denominations of the naira, the CBN Board member insisted that “the CBN Governor did not take the decisions on currency redesign alone”.
According to the Board member, “at present, the Board of the CBN has not been inaugurated even though the Senate has confirmed the re-appointment of the members. Until the Board is inaugurated, it cannot sit”.
READ ALSO:
- 2023: Court okays suit seeking to void nomination of all APC candidates
- Chinese ambassador visits GAC Lagos auto assembly plant, pledges China’s support
- Buhari’s appointees undermining anti-corruption war – Reps
He went on to add that “in the interim, the President who is the Supervisor of the CBN, acts on behalf of the Board. This is why the Governor went directly to the President for approval of the redesign.
But Edo State Governor Godwin Obaseki yesterday read political meaning to the proposed naira redesign.
He claimed that the move was a ploy by the All Progressives Congress (APC)-led Federal Government to sway voters ahead of the 2023 general elections.
Obaseki spoke at the inauguration of Edo State Peoples Democratic Party’s (PDP’s) Women Campaign Council at the presidential campaign secretariat of the party on Sapele Road, Benin, the state capital.
He said: “The redesigning of the nation’s currency should not be a priority, as the majority of citizens are suffering from hunger, poverty and economic hardship.
“They say we should all bring our naira and give it to them, because they want to change it for us. Is that our priority now?
“Does changing of currency reduce the price of food in the market? They say they want to change our currency, and dollars are going higher every day. We cannot even see dollars again.
“I am an economist and I can tell you categorically that this policy by the CBN and Federal Government has no basis in Nigeria’s economy. There is no reason to do this. The move is purely political, as there is no urgency in changing our currency.”
Edo governor was of the opinion that putting food on the table of Nigerians ought to have been given priority attention by the Muhammadu Buhari’s administration.
He said: “The urgency is on how to get food for our citizens to remove starvation and hunger from the land. The urgency is on how to maintain discipline in our monetary policy. So that we can manage our foreign exchange rate, because we are import dependent.
READ ALSO:
- Bandits Gunned Down In Zamfara Market
- For father’s ‘offense’, four men gang-rape teenager in Anambra
- 2023: Support Tinubu-Shettima, Ganduje begs Lagos Hausa Communities
Former CBN Deputy Governor Prof Kingsley Moghalu said the CBN did no wrong by not personally informing Finance, Budget and National Planning Minister, Mrs. Zainab Ahmed.
Moghalu said: “The CBN only needs the approval of President Muhammadu Buhari for this particular exercise. There are only three issues on which, in the CBN Act of 2007, the CBN should obtain external authorisation, and only from the President of Nigeria, for its operations: any alterations to the legal tender (the naira); any investment of the bank’s funds outside Nigeria; and the Bank’s annual report.
“Outside of these, the only approving authorities for CBN operations are its Committee of Governors consisting of the Governor and the four Deputy Governors, and the Board of Directors of the CBN, which includes the Governor, the four Deputy Governors, and seven external members which include the Permanent Secretary of the Federal Ministry of Finance and the Accountant-General of the Federation.”
Moghalu alleged that Emefiele was politicising “the central bank by routinely subjecting its operations to the whims and caprices of the Presidency far beyond what is the appropriate relationship, and compromised the independence of the CBN as a result. That is why the finance minister erroneously feels entitled to be informed or consulted”.
He called on the apex bank to “focus hard on the implementation of this policy. It will impose huge pressures on the banking system.
“How can the woman frying bean cake in the rural area, who keeps most of her cash under her pillow, be aided to come into the banking system under this new policy? There are others as well whose monies are outside the banking system for reasons that are not negative”.
The Nation
metro
Ex-police officer kills two family members, one other over Badagry land

Ex-police officer kills two family members, one other over Badagry land
The peaceful Yovoyan community in Badagry, Lagos, was plunged into grief on Tuesday morning following a tragic incident that left three people dead.
An ex-police officer, allegedly accompanied by an accomplice, shot and killed two family members and another individual over a land dispute.
The victims, identified as Mr. Richard Atideka, Mrs. Latevi Atideka—both residents of Yovoyan—and Mr. Muji Onilude, from the nearby Gberefu community, were fatally shot by the assailants.
A survivor of the attack, Mr. David Atideka, shared his harrowing experience, describing the terrifying event that took place between 2:00 a.m. and 2:30 a.m. at the Atideka family compound.
“I was inside my room discussing with my wife when I stepped out to urinate. As I did, I saw two armed men entering the compound. I quickly hid nearby.
“They entered my room, asked for me, and immediately shot my wife in the head. Out of fear, I ran to inform my elder brother, but when I arrived, I found his lifeless body—he had been shot too,” David narrated.
He further alleged that he saw his elder brother, the suspect, the ex-police officer, along with another armed person, leaving the compound after killing his wife and brother.
“The person I saw was my brother, the police officer. I recognised him clearly,” he said.
READ ALSO:
- Portable, Speed Darlington set for boxing match
- Ondo bricklayer flees after wife gives birth to triplets
- Edo Gov Okpebholo wins round one as tribunal upholds his election
NAN learnt that the alleged suspected killer had been in a long-standing dispute with his brothers over land ownership.
A reliable source disclosed that the suspect had been attempting to seize land from David and Richard Atideka.
“They had taken the matter to court, where the suspect was arrested and detained but later released on bail. They were due for a final court judgment this Thursday,” the source revealed.
Meanwhile, Mr Yusuf Onilude, the son of slain Muji Onilude, said his father had just left his room moments before he was murdered.
“My father came to my room at about 2:10 a.m. We spoke for a few minutes before he left.
“Less than five minutes later, I heard gunshots outside. I rushed out and saw a man running away. I chased him, but he fired shots in the air and escaped.
“When I returned, I found my father in a pool of blood. He had been shot dead,” he said.
Reacting to the incident, community representative Mr James Yovoyan urged the police to ensure the perpetrators were brought to justice.
Chief Lorence Atideka, the family head, lamented the tragedy, calling on the government to arrest and prosecute everyone involved.
However, Henry Atideka, the son of the alleged killer, denied the accusations, claiming that unknown gunmen carried out the attack.
“My father was not around when the incident happened, and he has been invited by the police.
“Although the family had some disagreements, it was not about land but a conspiracy, which we planned to resolve this Thursday,” he said.
Henry expressed optimism that the police would uncover the truth and punish the culprits.
However, a senior police officer who wished to remain anonymous confirmed that the police had taken the corpses to the General Hospital in Badagry and had launched an investigation into the killings.
Ex-police officer kills two family members, one other over Badagry land
metro
12-year-old ‘Yahoo’ trainee, others rescued in Lagos, training centre dismantled

12-year-old ‘Yahoo’ trainee, others rescued in Lagos, training centre dismantled
The Lagos State Police Command has uncovered and dismantled an illegal internet fraud training facility, commonly known as a “Yahoo School,” in the Iju area of the state.
In a statement released on Tuesday, the command’s spokesperson, Benjamin Hundeyin, confirmed the arrest of four principal suspects along with six trainees.
Among the trainees was an underage boy identified as Minachi Udochukwu.
Hundeyin noted that preliminary investigations revealed that the principal suspects recruited the trainees from Anambra State, engaged them in internet fraud, and confiscated their earnings.
The statement read in part, “During the successful operations, the police detectives arrested four Yahoo experts who were running the notorious school, namely Chibuike Ihejika, 23; Stanley Ihejika, 22; Obiora Oyediba, 26; and Emmanuel Oyedibe, 25.
“The other six suspects are their criminal trainees, all of whom were undergoing training in cybercrime and fraud: Okorie Henry, Otoh Chisom, 20; Okeke Kwufrochikwu, 26; Uchenna Obeji, 26; Minachi Udochukwu, 12; and Chinedu Ukachukwu, 23.
READ ALSO:
- Portable, Speed Darlington set for boxing match
- Ondo bricklayer flees after wife gives birth to triplets
- Edo Gov Okpebholo wins round one as tribunal upholds his election
“Preliminary investigations revealed that the principal suspects of the facility recruited their trainees from Anambra State, engaged them to commit internet fraud and other related crimes.
“The proceeds from their fraudulent activities were being confiscated by the principal suspects.”
While the command warned the owner of the facility to turn himself in at the State Criminal Investigation Department, it assured all that all suspects would be charged to court for prosecution upon the conclusion of the investigation into the case.
The statement further revealed that Ugochukwu had been provided with medical care after healing marks of injury believed to have been sustained during the training was found on his body
“In line with due process of the law, the underage suspect among them, Minachi Ugochukwu, 12 years old, with healing marks of injuries on his body allegedly inflicted on him by the main principal suspect to compel him into the commission of the criminal acts, is being given medical attention and kept in protective custody till his relatives are identified and reunited with him,” Hundeyin stated.
READ ALSO:
- Rainstorm destroys schools, mosques, others in Kwara community
- Rivers police arrest General Overseer for alleged homosexuality
- CBN posts $23bn net FX reserve, strongest in three years
The command also warned parents and guardians to monitor the activities of their children and wards to prevent them from being exploited, lured, or compelled into falling into criminal activities.
It, however, called on members of the public who have fallen victim to the fraudulent activities of the criminal syndicate to come forward to the SCID, Yaba, with their complaints.
“The Commissioner of Police, Lagos State Command, CP Olohundare Jimoh, also commends the police personnel involved in this operation for their dedication and professionalism that resulted in this success.
“The CP Jimoh assures all Lagosians that the Command remains resolute and committed to combating all forms of crimes and criminalities, including cybercrime tagged ‘yahoo,’ etc.
“He urges residents to report every suspicious activity or incident to the police in their localities for prompt action,” the statement added.
12-year-old ‘Yahoo’ trainee, others rescued in Lagos, training centre dismantled
metro
Portable, Speed Darlington set for boxing match

Portable, Speed Darlington set for boxing match
Controversial Nigerian artists Speed Darlington and Portable are poised to square off in a celebrity boxing match.
The event will take place on April 18, 2025, at the Balmoral Convention Centre in Lagos state.
According to reports, the altercation between the two began in March when Darlington offered Portable N500,000 to play at his next performance.
Portable, who described the amount as ridiculous, tagged Darlington “poor”. Noting that he charges N20 million for performance.
READ ALSO:
- Ondo bricklayer flees after wife gives birth to triplets
- Edo Gov Okpebholo wins round one as tribunal upholds his election
- Rainstorm destroys schools, mosques, others in Kwara community
“You are inviting me for a show, and you don’t have money. You use my name to promote your show. I charge N20 million, ask around. I don’t know that you are poor. I don’t want to be friends with poor people”.
In his response, Darlington expressed regret for inviting Portable. He said “I regret it because why the insults?”
Portable replied by challenging Darlington to a fight, boasting that he would defeat him just as he did to popular actor, Charles Okocha.
The match has finally been arranged following netizens demand, with the organiser.
Announcing the fight on Instagram the organizer, Mygamerush wrote; “You asked and now it is here. Two street kings’ battle for ultimate street supremacy.”
Portable, Speed Darlington set for boxing match
-
metro1 day ago
BREAKING: Senator Natasha defies restrictions, arrives homecoming rally by helicopter [VIDEO]
-
metro2 days ago
Uromi: Edo residents flee towns over likely reprisal attack, arrest
-
International3 days ago
In pictures: Eid celebrations around the world
-
metro2 days ago
Breaking: ‘Cancel your homecoming’ — Police tell Senator Natasha
-
metro2 days ago
How they murdered my Kano-bound passengers in Edo
-
metro2 days ago
‘I was offered N5bn bribe to impeach Fubara’
-
metro19 hours ago
Breaking: Tinubu sacks Kyari, appoints Ojulari as new NNPCL GCEO
-
Sports3 days ago
Nigerian boxer collapses, dies in ring during fight in Ghana