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No extension on naira swap deadline, Emefiele warns Nigerians
The Central Bank of Nigeria (CBN) has said it is not considering deadline extension for the phasing out of the old Naira notes.
Nigerians, including governors elected on the platform of the All Progressives Congress (APC), have asked the apex bank for an extension owing to the scarcity of the redesigned Naira notes.
However, the governor of CBN, Godwin Emefiele, said the bank is not considering an extension of the deadline after the 10-day grace recently approved by President Muhammadu Buhari.
Emefiele, who disclosed this at a briefing in Lagos, appealed to Nigerians to exercise patience noting that the gains of the policy outweigh the initial challenges.
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“I want to say unfortunately again, this time, we will not be looking at extension of deadline because we are the central bank and the deposit money banks are doing everything to address the challenges,” he said.
He also said the redesigned naira policy was not targeted at anyone, reemphasising that the policy is aimed at economic benefits.
He also appealed to Nigerians not to allow themselves to be used to truncate the policy.
“We are doing our work. We are bankers. Those holding protest should not allow themselves to be used,” he said.
He begged Nigerians to show understanding and accept to join queue at the banks
President Muhammadu Buhari had asked Nigerians to give him seven days to take a major decision on the naira redesign policy.
He said this after APC governors met with him at Aso Rock earlier in the day.
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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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