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Today's Headlines: Banks In Shock As Rejection Of Old N500, N1000 Spreads;Labour Party in Rivers endorses PDP governorship candidate Fubara

Banks In Shock As Rejection Of Old N500, N1000 Spreads

Photo Credit: Vanguard Newspapers

The enthusiasm that greeted the Supreme Court judgement that the old N500 and N1,000 notes should be in use till December 31st 2023, has dissipated as a widespread rejection of the old notes by bank customers, transporters and other businesses took over the financial and economic space.

The rejection of the old notes is driven by the continued silence of the Federal Government and the Central Bank of Nigeria, CBN, on the court judgement.

Meanwhile, banks have started effecting cash withdrawal limits of N100,000 per week for individual customers.

However, the money is paid in old banknotes which most customers refused to collect.

According to a top bank official, customers are insisting that there must be an official statement approving the old N500 and N1,000 notes as legal tenders before they can accept the notes.

Pepple Endorses Fubara

Photo Credit: Daily Trust

The Chairman of the Labour Party (LP) in Rivers State, Dienye Pepple, yesterday announced that the party has endorsed the candidate of the Peoples Democratic Party (PDP), Siminialayi Fubara, for Saturday’s governorship poll.

Pepple, who disclosed this while reading the text of a communique to newsmen in Port Harcourt, said the decision was unanimous among the party chairmen of the 23 LGAs of the state.

This came barely four days after a self-acclaimed governorship candidate of LP in the state, Mr Fafaa Dan Princewill, emerged.

Daily Trust reports that the Independent National Electoral Commission (INEC) had recognised Mrs Beatrice Itubo as the LP governorship candidate in Rivers.

Pele’s Widow To Inherit 30% Of His Assets – Lawyer

Photo Credit: Punch Newspaper

Widow of the late football legend Pele will inherit 30 per cent of his assets, according to his Will, which also mentions a woman who could be Pele’s unrecognised daughter, the widow’s lawyer told AFP on Tuesday.

The Will states that Marcia Cibele Aoki, Pele’s third and last wife, will inherit his mansion in Guaruja, a seaside resort town south of Sao Paulo, where the couple lived, according to her lawyer Luiz Kignel.

Other assets belonging to Pele, who died after battling cancer in late December at age 82, include more real estate and a stake in the Pele brand, Kignel said, adding that a complete inventory had yet to be made.

The remaining 70 per cent is reserved for Pele’s children, including an unrecognised daughter that he may have.

Alake Dismisses Atiku’s, Opposition’s Bid To Discredit Poll

Photo Credit: Nation

Director of Strategic Communication of the All Progressives Congress (APC) Presidential Campaign Council, Dele Alake, has said the bid to discredit the February 25 presidential election by the opposition was nothing new.

In an interview with the BBC World Service Focus Africa, Alake was asked about the protest march by the PDP presidential candidate Atiku Abubakar and other party leaders in Abuja.

He said: “It’s within Atiku’s human rights to voice out his misgivings over his loss of the election. We welcome any aggrieved party to take the route of the judiciary. And that is what decent people do in a decent society.

“For Atiku to be protesting and being melodramatic about it, it is also normal. Don’t forget that Atiku who has been contesting for the presidency of this country since 1993, exactly 30 years ago.

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CBN Labour Party in PDP Supreme Court Vanguard


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