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Today's Headlines: CBN Yet To Release Old Notes To Banks; Man Caught Trying To Rob Lagos Church

CBN Yet To Release Old Notes To Banks


The Central Bank of Nigeria (CBN) is yet to release the old N1000 and N500 notes it mopped out of circulation despite asking commercial banks to commence their recirculation, findings by Daily Trust have revealed. This is amid the struggle by commercial banks to meet the increasing demands of customers who besiege their branches across the states and the Federal Capital Territory (FCT).

Traders, artisans, PoS operators, and students, among others, who visited bank branches, said they were disappointed as they could not withdraw the amounts they wanted. Those who spoke to our correspondents said they were only given between N5,000 and N10,000 while a few others managed to get N20,000.

The CBN said Monday in a statement by its spokesman, Isa AbdulMumin, that deposit money banks operating in the country have been directed to comply with the Supreme Court ruling of March 3 which said the old N1,000, N500 and N200 remain legal tender until December 31. The CBN’s statement came a few hours after a statement from Aso Villa quoting President Muhammadu Buhari as saying he did not direct the CBN and the Attorney-General of the Federation not to comply with the Supreme Court judgement.

Emefiele Insists February 10 Deadline For Old Naira Notes Unchanged |  Business Post Nigeria

Man Caught Trying To Rob Lagos Church


A 35-year-old man, Tope Akinusi, was on Monday remanded at the Kirikiri Correctional Centre by an Ikeja Magistrates’ court sitting at the Ogba area of Lagos State, for allegedly attempting to steal from a church, Gospel Faith Mission International Church, in the Ayobo area of the state. The Magistrate, Mrs L. A Owolabi, made the remand order after the defendant who is facing two-count bordering on an attempt to commit felony to wit stealing preferred against him by the police was arraigned.

The police prosecutor, Inspector Adeyemo Joseph, told the court that the defendant committed the offence on March 10, 2023. She alleged that the defendant hid in the church’s toilet with the intention of stealing.

According to the prosecutor, the offence committed is punishable under Sections 406 and 308(2) of the Criminal Law of Lagos State, 2015.

The charge read in part, “That you, Tope Akinusi, on March 10, 2023, at about 11.30am at Gospel Faith Mission International Church at No. 9 Useni Christian Street, Ayobo in the Ikeja Magisterial District did attempt to commit felony to wit stealing and thereby committed an offence contrary to and punishable under Section 406 of the Criminal Laws of Lagos State of Nigeria 2015.”

The magistrate did not take the defendant’s plea.The case was adjourned till April 12 for mention.

Suspend Emefiele As CBN Gov–Tinubu’s aide Tells Buhari


President Muhammadu Buhari has been urged to suspend the Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele. The Director of Media and Publicity to Bola Tinubu, the President-elect, Bayo Onanuga, made the call over the continued naira scarcity.

Onanuga said Emefiele should not be occupying the office of the CBN governor after he scrapped the cashless policy.

In a tweet, Onanuga: “I am surprised Godwin Emefiele is still sitting pretty in office, without contrition, after he was forced to scrap his ghastly cashless policy. President Buhari should suspend him from office. Emefiele should go NOW.”

The cashless policy introduced by the CBN in December 2022 had led to the suffering of Nigerians. The CBN policy was contested by some state governors in court, prior to the presidential election.

INEC denies appointing ex-Lagos commissioner as ICT head


The Independent National Electoral Commission has denied appointing a former Commissioner in Lagos State, Femi Odubiyi, as its head of the Information and Communications Technology department.

This is coming following the claim of a chieftain of the Peoples Democratic Party, Chief Bode George, that the former commissioner was made INEC’s ICT head.

In a statement on Sunday, the former Deputy National Chairman of the PDP said the INEC chairman, Mahmood Yakubu, must remove Odubiyi as the Commission’s ICT head because of his closeness to the presidential candidate of the All Progressives Congress and President-elect, Asiwaju Bola Tinubu.

He said the first thing Yakubu must do was to explain to Nigerians how the former Commissioner for Science and Technology in Lagos State allegedly found his way into INEC as head of ICT, “a critical department before, during and after elections.”

Content created and supplied by: chelseaupdatez (via Opera News )

CBN Central Bank of Nigeria Daily Trust Lagos PoS


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