Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos, on Thursday, convicted and sentenced one Oluwadarasimi Omoseyin, an actress, to six months imprisonment for spraying and stepping on the new Naira notes at a social event in Lagos. Her conviction and sentencing was reported...
new Naira notes
The Supreme Court, on Wednesday, said both the old and the new resigned naira notes remain legal tender till further notice. The apex court, in a ruling by a seven-man panel of justices led by Justice John Okoro, said the banknotes should remain in circulation, pending when the...
Some commercial motorcyclists, popularly known as Okada riders, in Kubwa area of the Federal Capital Territory (FCT) are rejecting the new Naira notes on grounds of alleged counterfeits in circulation. A number of the riders told the News Agency of Nigeria (NAN) on Sunday that they do not want...
By DAVID IORJA, Abuja – The Presidency on Monday said it never directed the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele and the Attorney-General of the Federation, Abubakar Malami, not to comply with the ruling of the Supreme Court on the naira redesign policy. The president’s spokesman,...
Sheikh Yahya Al-Yolawi, the Chief of Nurul Yaqeen Jumma’at Mosque Life Camp, Abuja, has urged the Central Bank of Nigeria (CBN) to ensure the release of more redesigned naira notes as the months of Ramadan are fast approaching. Al-Yolawi made the call while delivering his Jumma’at Sermon, titled, “the...
Commercial banks in the Federal Capital Territory (FCT), have started issuing the old Naira notes to customers. The News Agency of Nigeria (NAN) checks at some banks in Abuja on Wednesday, revealed that customers thronged banks to collect the notes while some rejected them. Mr Ifeanyi Udenna, a customer...
Business operators in the Federal Capital Territory (FCT) Abuja say they are anxious to hear from President Muhammadu Buhari and/or the Central Bank over validity of old Naira notes. The business operators were reacting to the Supreme Court ruling that the old N500 and N1000 notes remained legal tender...
Stakeholders in the energy sector have expressed divergent views on the Supreme Court judgment over extension of the use of old Naira notes till Dec. 31. They expressed their different views in separate interviews with the News Agency of Nigeria (NAN) on Saturday in Lagos. NAN reports that the...
By OLA MUDOPE, Lagos – Guaranty Trust Bank Ltd., has debunked reports making the rounds on social media alleging that it gave N500 million new notes to APC Presidential candidate, Bola Tinubu for the 2023 elections. The bank in a statement on Wednesday in Lagos, that the claim was...
By JOY ADARA, Abuja – The Central Bank of Nigeria (CBN) has debunked a misleading report misquoting the Governor, Mr. Godwin Emefiele, as attributing the current challenge in the distribution of the newly redesigned naira banknotes to a shortage of printing materials at the Nigerian Security Printing and Minting...
The Amalgamated Union of Northern Traders, on Saturday in Sokoto lauded the directives given by Gov. Bello Mutawalle of Zamfara state, for security men to arrest anybody who rejects the old naira notes during transaction. The News Agency of Nigeria (NAN) reports that Gov. Mutawalle was among the Governors...
Residents of Enugu on Saturday started rejecting the old naira notes for transactions, the News Agency of Nigeria (NAN) has reported. NAN investigation shows that many residents who are still holding the old naira notes are finding it difficult to spend them. Mr George Nweze, a resident of Awkunanaw...
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...
A meeting of the Council of State presided over by President Muhammadu Buhari went underway in Abuja on Friday. Top on the agenda are the 2023 general elections and the on-going cash crisis occasioned by CBN’s naira redesign and cashless policy. In attendance are Vice-President Yemi Osinbajo and former...
The Central Bank of Nigeria (CBN) has attributed hoarding of the new Naira notes as being responsible for its scarcity, and not that small quantity was issued out. The CBN Director, Consumer Protection, Mrs Rashidat Mongunu, said this on Thursday while monitoring microfinance banks in Offa, Offa Local Government...
Gov. Bello Matawalle of Zamfara said he and his colleagues took the Federal Government to the Supreme Court over the new naira swap policy to save the country. The three state governors of Kaduna, Kogi and Zamfara dragged the Federal Government to the Supreme Court seeking a restraining order...
By EZEKIEL OBI, Abuja – The Muslim Rights Concern (MURIC) has called on Nigerians to shun all kinds of protests ahead of the 2023 general election. Prof. Ishaq Akintola, Executive Director, MURIC made the call in a statement issued on Thursday in Abuja. Prof. Akintola said: “The Central Bank...
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...
Asiwaju Bola Tinubu, APC presidential candidate, says the Supreme Court ruling on the implication of Central Bank of Nigeria (CBN) re-designed naira notes and cashless policy has saved Nigeria from political and economic shutdown. Tinubu in a statement issued by Mr Bayo Onanuga, Director, Media and Publicity, APC Presidential...
A Senior Advocate of Nigeria (SAN), Mr Richard Ogunwole, on Wednesday, advised Central Bank of Nigeria (CBN) to abide by the Supreme Court’s temporary order halting the move by the Federal Government to ban the use of old naira notes from Feb. 10. Ogunwole, who gave the advice in...