CBN Imposes N150m Fine On Banks Releasing New Notes To Hawkers The apex bank described the practice as impeding efficient and effective cash distribution to customers and the general public. The Central Bank of Nigeria has announced a fine of ₦150 million on Deposit Money Banks found guilty of giving out illegal flow of mint naira notes to currency hawkers across the country. The move was after the apex bank addressed recent misinformation about the validity of the old N1000, N500, and N200 banknotes still in circulation. A statement signed by Sidi Ali Hakama, acting director of corporate communications, reaffirmed…
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The SAN insisted that the cases in question were not affairs to be treated by the Federal High Court but by the State High Court. Human rights lawyer and Senior Advocate of Nigeria, Femi Falana, has hailed the judgement of the Court of Appeal setting aside orders restraining the Central Bank of Nigeria and the Accountant General of the Federation from releasing funds to the Rivers State government. alana, who was a guest on Channels Television’s Politics Today on Friday, said that the judgment as well as the earlier judgment by the same court that validates the recent local government election conducted in Rivers…
The clarification was necessitated following reports that the INEC Chair had died in London. The Independent National Electoral Commission (INEC) has asked the public to disregard reports on the death of its Chairman, Mahmood Yakubu. A statement by the Chief Press Secretary to the INEC Chairman, Rotimi Oyekanmi on Saturday said Yakubu is alive. The clarification was necessitated following reports that the INEC Chair had died in London. “Our attention has been drawn to a fake news narrative circulated by a section of the social media claiming the purported death of the INEC Chairman, Prof. Mahmood Yakubu at a London…
National Chairman of the All Progressives Congress (APC), Dr Abdullahi Ganduje, has vowed that his party will take over Rivers State Government House in 2027 He said this while inaugurating Chief Tony Okocha and 22 others as executive members of APC in Rivers. Ganduje, who visited Port Harcourt alongside 16 members of the National Executive Council (NEC) of the party, charged APC members to do everything within their power to ensure the party wins the governorship election in 2027. The APC chairman said the South South zone which is predominantly Peoples Democratic Party (PDP) is gradually falling, with APC taking…
Sowore described politicians as “creative liars”, and that is why he doesn’t want to be called a politician. Human rights activist and convener of RevolutionNow Movement, Omoyele Sowore, has described Nigerian politicians, past and present leaders as “creative liars” who do not deserve any kind of honour or respect. Sowore, former presidential candidate of the African Action Congress (AAC) in the 2019 and 2023 general elections, said that he has vowed never to worship or respect Nigerian leaders or call them statesmen because they ruined the country. He said, “I made a solemn commitment to myself a long time ago…
The People’s Redemption Party (PRP) and the African Democratic Congress (ADC) have commenced merger talks aimed at challenging the governing All Progressives Party (APC). The opposition political parties have blamed former president Muhammadu Buhari and the incumbent President Bola Tinubu for the hardship being experienced by Nigerians. Briefing journalists in Abuja on Friday, the national chairmen of the PRP, Dr Falalu Bello, and his ADC counterpart, Ralph Nwosu, attributed the hardship in the country to anti-people policies and continued corruption. They said the policies were not encouraging middle men, but frustrating their small businesses, which are needed to make the…
Unity Chapel, one of the 16 clusters of the Nigeria Union of Journalists in Akwa Ibom State has urged Akwa Ibom State Government to improve disaster preparedness plan to ensure impacts of response are optimised. The Chapel said there is urgent need for the state government to improve planning for logistics. Chairman of Unity Chapel, Abasifreke Effiong, stated this when the chapel presented relief materials to Nigerian Red Cross Society (NRCS), Akwa Ibom State branch on Thursday. Effiong said as journalists they have observed that it takes longer time than necessary, sometimes months before relief materials get to victims of…
A State High Court in Nembe, Bayelsa State, on Wednesday ordered the Inspector-General of Police (IGP), Kayode Egbetokun, to appear before it within 42 days in connection with a N649 million accommodation debt suit. The judge, T. Y. Abasi, demanded Mr Egbetokun’s appearance following the suit filed by Darius Obienem, the owner of Euphemie Motel in Opu-Nembe, Bayelsa. The court threatened that if the IGP and the two other respondents—the Nigeria Police and the Police Service Commission—failed to appear personally or through a legal practitioner, judgment would be entered in their absence. The hotel owner, Mr Obienem, had filed a…
Governor Umo Eno has promised to empower fifty farmers in the state with the sum of five hundred thousand naira (N500,000 ) each as a way of incentivising farming in the state. According to Pastor Umo Eno, the empowerment would mark the official launching of the ARISE Home Farmers Scheme (AHFS), an initiative aimed at encouraging everyone to have a farm or garden at home. He said 50 home farmers will be selected and given 500,000 each to boost their farms. The Governor noted that the scheme is adapted from the Renewed Hope Initiative of the First Lady of Nigeria,…
The Ebonyi State Governor, Francis Nwifuru has announced that by Tuesday, December 17, 2024 every worker on the employ of the State government will receive a Christmas bonus of N150,000. This was disclosed in a post made on the verified Facebook page of Governor Nwifuru’s Chief Press Secretary, Monday Uzor, on Thursday night. “Every Worker in Ebonyi State service will receive 150,000 as Christmas Bonus before 1pm on Tuesday … Gov. Francis Ogbonna Nwifuru”, the Facebook post read. Governor Francis Nwifuru has on several occasions, demonstrated his administration’s commitment to reducing the plight of workers’ in Ebonyi State by providing…