The absence of former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, and his counsel, Olalekan Ojo, SAN, on Thursday, July 16, 2026, stalled the continuation of his trial before Justice Maryanne Anenih of the Federal Capital Territory (FCT), High Court, Maitama, Abuja, over the alleged unlawful...
naira redesign
Justice Maryanne Anineh of the Federal Capital Territory, FCT, High Court, Maitama, Abuja, on Monday, May 11, 2026 admitted in evidence, newspaper publications tendered by the Economic and Financial Crimes Commission (EFCC) in the trial of the former governor of the Central Bank of Nigeria, CBN, Godwin Ifeanyi Emefiele...
Justice Hamza Muazu of the Federal Capital Territory (FCT), High Court sitting in Abuja has summoned former Executive Officer, Financial Reporting Council of Nigeria (FRC), Jim Obazee and a Commissioner of Police, Eloho Okpoziakpo to appear before him on Tuesday, April 28, 2026 as prosecution witnesses in the ongoing...
FCT High Court sitting in Abuja has fixed 10 additional days to conclude the trial of the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over alleged corruption linked to the naira redesign exercise. Justice Maryanne Anenih fixed the dates following an agreement between counsel to...
Prosecution Witness Seven, PW7, Eneanye Chinedu in the trial of former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on alleged unlawful printing of new naira notes on Wednesday, January 28, 2026 told the Federal Capital Territory, FCT, High Court, Abuja, presided over by Justice Maryanne Anineh...
A former deputy governor of the Central Bank of Nigeria (CBN), Kingsley Obiorah, on Thursday said the board of the apex bank never recommended the 2022 Naira redesign to former President Muhammadu Buhari. Obiorah said this while testifying virtually before the FCT High Court at the resumed hearing in...
After more than four months of investigation, the Special Investigator probing the Central Bank of Nigeria, Jim Obazee, has said the former CBN Governor Mr Godwin Emefiele and others embezzled billions of naira and committed other gross financial offences. According to a report by the online newspaper Premium Times,...
The Special Investigator on the Central Bank of Nigeria and Related Entities, Jim Obazee, has indicated that the recent naira redesign wasn’t expressly approved by former President Muhammadu Buhari. Obazee had gathered that the approval came from Buhari’s aide, Sabiu Tunde ‘Yusuf’. This was contained in the investigator’s...
A Civil Society Organisation, Save Nigeria Movement (SNM), said the Central Bank of Nigeria (CBN) should compensate Nigerians with two trillion Naira for losses during the naira redesign by the suspended Governor, Godwin Emefiele. The group said this in a letter to the CBN dated July 6 through...
Barely one month after the reintroduction of old N200, N500 and N1,000 notes, some residents of Anambra have decried the unavailability of the new notes in many banks in the state. Some of them told the News Agency of Nigeria (NAN) in Awka on Monday that they hardly complete...
The Central Bank of Nigeria (CBN) has urged Nigerians to embrace alternative payment channels such as eNaira, USSD and other internet banking facilities in line with its cashless policy. The apex bank said the idea became necessary as the country was gradually marching towards the alternative payments policy regime,...
By JOY ADARA, Abuja – The Central Bank of Nigeria (CBN) has declared the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till Dec. 31, 2023. The CBN Acting Director, Corporate Communications, Alhaji lsa AbdulMumin, who disclosed this in a statement issued on Monday,...
By BARBARA KALU, Umuahia – The Abia Government says it will sanction any person, group or business entity that rejects the old 500 and 1,000 naira notes for business transactions. The threat is contained in a statement issued by the Secretary to the State Government, Mr Chris Ezem, and...
The Bayelsa Government on Saturday called on the the Central Bank of Nigeria (CBN) to respect the judgment of the Supreme Court and ease the hardships of citizens caused by the new Naira policy. The government also appealed for calm amidst the challenges faced by Nigerians following the Naira...
An Economist, Dr Tope Fasua, has urged the Central Bank of Nigeria (CBN) to ensure optimally functional internet capacities for the cashless policy be effective. Fasua said this on Sunday in Abuja in interview with the News Agency of Nigeria (NAN). According to him, cashless policy and financial inclusion...
By JOY ADARA, Abuja – The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to reveal plans his administration is taking to obey the recent Supreme Court order on the naira redesign. Last week, the Supreme Court extended the validity of the old N200, N500, and...
Niger Government has filed a lawsuit against the Federal Government over the naira redesign policy of the Central Bank of Nigeria (CBN) at the Supreme Court. A statement by Justice Nasara Danmallam, the Attorney General and Commissioner for Justice, in Niger in Minna on Saturday, said the case with...
The Leadership of the National Assembly has again stressed the need for the Central Bank of Nigeria (CBN) to allow the old and new Naira notes to be used concurrently to cushion the hardship being experienced by citizens. President of the Senate, Ahmad Lawan, made this position known when...
Destitute in Kaduna who rely on begging for survival say they have been turned to ‘PoS Operators’ as a result of the prevailing cash-squeeze. Explaining their ‘newly- found’ status to a Correspondent of the News Agency of Nigeria (NAN), the beggars said most people now gave them old Naira...
The Attorney-General of the Federation (AGF), Abubakar Malami, on Wednesday asked the Supreme Court to dismiss a suit filed by three state governments challenging the naira redesign policy of the Central Bank of Nigeria (CBN). In a preliminary objection filed by the AGF through his lawyers – Mahmud Magaji...