Category: News
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MFB Director Accuses Banks in Yobe of Diversion of N4.3 billion New Naira Notes
The Managing Director, Yobe Microfinance Bank, Sheriff Almuhajir, on Tuesday, alleged that the sum of N4.3 billion disbursed by the Central Bank of Nigeria to banks in the state had been diverted. Almuhajir made this allegation in a 4:31-seconds-video footage posted to his Facebook handle. He said, “I want to tell you that I got…
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Old Naira Notes: Supreme Court Stops CBN, FG From Implementing February 10th Deadline
The Supreme Court of Nigeria has restrained the Federal Government from implementing the February 10 Deadline for the old 200, 500 and 1000 naira notes to stop being legal tenders. Three northern states — Kaduna, Kogi and Zamfara — had in a motion ex-parte filed on February 3rd, by their lawyer, AbdulHakeem Mustapha (SAN), prayed…
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9-year-old Nigerian kid, David Balogun Graduates From American High School
A nine-year-old Nigerian kid, David Balogun resident of Pennsylvania, in the United States has graduated from an American high school as one of the youngest students to achieve this feat in the world. Balogun, who has a passion for science and computer programming also received his high school diploma from Reach Cyber Charter School, Harrisburg,…
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ICPC Uncovers ‘Hoarded’ N258 Million New Notes in Another Abuja Bank
The Independent Corrupt Practices and Other Related Offences Commission says it has uncovered N258 million of new naira notes hidden in the head office of Sterling Bank Abuja. The anti-graft agency said this discovery was made last week Friday in a statement released on its Twitter handle Tuesday night. The ICPC a region manager and a service…
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Popular Nollywood Actress, Funke Akindele Loses Mother
Popular Nollywood Actress who also doubles as Lagos gubernatorial deputy candidate of the Peoples Democratic Party, PDP, Funke Akindele, has lost her mother. Older sister to the actress, Olubunmi Akindele, broke the news on Tuesday evening via her official Instagram page. The statement read, “It is with heavy hearts, but in total submission to God…
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Naira Scarcity: Buhari Meets Emefiele, Two Others
President Muhammadu Buhari has met privately with the Chairman of the Nigeria Governors’ Forum, Aminu Tambuwal; and the Chairman of the Progressives Governors’ Forum, Atiku Bagudu over the scarcity of the three naira notes. Also in attendance at the meeting was the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele; the Chairman of…
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UI @ 75: Management Inaugurates High-level Committee, Names Chairman
Ahead of the celebration of the 75th anniversary of the University of Ibadan, tagged “UI@75” , this year, (1948 – 2023) the Management of the institution has inaugurated a high-level committee to plan, coordinate and execute various activities to mark the yet another memorable event. The Vice-Chancellor, Prof. Kayode Adebowale mni, FAS, stressed that, due…
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Abuja Bank Manager Arrested For Hoarding N29 Million New Notes (Photos)
Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested an operations manager of a leading commercial bank in Abuja for refusing to load the Automated Teller Machines of the bank despite having N29million of the new naira notes in the branch’s vaults, The PUNCH reports. Before he was taken away for further questioning,…
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Senate President Breaks Silence Over Supreme Court Verdict
The Senate President, Ahmad Lawan, has broken his silence over the controversial candidacy of the All Progressive Congress Yobe North Senatorial District. Lawan at his guest house in Maitama, Abuja, on Monday commended the judiciary for strengthening democracy, stating that the ruling showed that “democracy is at work.” In the early hours of Monday, the…
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Naira Redesign: 13 Political Parties Threaten To Pull out of General Elections
“Thirteen” out of the 18 political parties in Nigeria have threatened to withdraw from the February 25 and March 11 general elections in Nigeria over the naira redesign policy of the Central Bank of Nigeria (CBN). At a briefing by a coalition of chairmen of political parties on Monday, the “13 parties” commended President Muhammadu…