CBN DEBUNKS FAKE NEWS ON NEW N5,000 AND N10,000 BANKNOTES.(PHOTO).

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  The Central Bank of Nigeria (CBN) has dismissed a viral claim circulating on social media about the introduction of new ₦5,000 and ₦10,000 banknotes, labeling it as fake news. The claim, which included fabricated images of the supposed new denominations featuring Dr. Nnamdi Azikiwe and Chief Obafemi Awolowo, falsely stated that the new notes would enter circulation from May 1, 2025. In a statement on its verified Facebook account, the CBN clarified that the content is not from the bank and directed the public to its official website, (www.cbn.gov.ng), for authentic information. The bank warned against spreading misinformation regarding monetary policies and urged Nigerians to rely only on official statements from its verified channels. The CBN reaffirmed that any major policy decision, including the introduction of new banknotes, would be announced through its official platforms. The public is advised to remain cautious and verify financial information from credible sources befor...

N5.6M ADMISSION SCAM: WOMAN BAGS 90 YEARS IMPRISONMENT IN ENUGU.{PHOTOS}.

                     The Economic and Financial Crimes Commission EFCC,yesterday thursday October 27,2016,secured the conviction of one Mrs Chika Amsy Charlse,who was convicted by Justic D.V Agishir of the Federal High Court sitting in Enugu,and sentenced to three years imprisonment on each of the thirty count charge preferred against her by the Commission.The sentence which was to run concurrently from the date of her conviction,was without an option of a fine.The Convict was found guilty of swindling three innocent young Nigerians up to the tune of N5,620,000.00 {Five million,Six Hundred and Twenty Thousand Naira only} under the guise of helping them secure admission into Enugu State University of Science and Technology ESUTH,through her unresistered NGO called 'Bold and Dynamic Gender Initiative'.But Chika ran out of luck in 2007 when one of her victims whom she defrauded petitioned the EFCC,on her fraudulent activities.One of the Counts on which she was convicted and sentenced reads: That you Chika Amsy Charles,Simon Chidubem {at large} and Friday Ali {at large} on or about the 10th October 2007 at Enugu,Enugu State within the jurisdiction of the Federal High Court of Nigeria with intent to defraud obtained N330,000 {Three Hundred and Thirty Thousand} from Okudoh Obinna by False Pretense when you represented yourselves as capable of procuring admission for his wards into Enugu State University of Science and Technology which pretense you knew to be false and thereby committed an offense contrary to section 1{1} {b} of the Advanced Fee Fraud and Other related offenses Act NO: 14 of 2016 and punishable under Section 1 {3} of the same Act.One more photo below.

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