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...
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$330,000 FRAUD: APPEAL COURT AFFIRMS CONVICTION OF EX-LAGOS COURT REGISTRAR,OLURONKE ROSOLU.{PHOTO}.

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Image may contain: 1 person, hat and close-up                  The Lagos Division of the Court of Appeal has dismissed an application filed by a former Lagos Curt Registrar,Oluronke Rosulu,who was sentenced to 10 years imprisonment by Ikeja High Court for defrauding a former Chief of Army Staff,Lt-Gen.Ishaya Bamaiyi {retd} of $330,000.
Rosolu had been convicted by Justice Lateef Lawal-Akapo of the Lagos High Court,Ikeja on the two-count charge of conspiracy and obtaining money by false pretences brought against her by the Economic and Financial Crimes Commission,EFCC,on December 21,2015.
Consequently,the appellant,through her lawyer filed a notice of appeal on December 30,2015,challenging her conviction.However,in a judgement delivered on friday,the Court of Appeal dismissed her appeal and affirmed the decision of the lower court.Rosulu had aided Fred Ajudua,a one-time Lagos socialite,to defraud Bamiayi when they were both remanded at the Kirikiri Maximum Prison,Lagos for different offences.
The prosecution had told Justice Lawal-Akapo that Ajudua made a false representation to Bamaiyiii that the $330,00 was the professional fees for the law firm of Afe Babalola and Co. to facilitate Bamaiyi's release from prison,a claim which the firm denied.During the trial,Rosulu had denied going to the Kirikiri Maximum Prisons or knowing Ajudua.
However,counsel to the prosecution presented a number of witnesses who testified that Rosulu went t the prison on different occasions to collect the money from Bamaiyi on behalf of Ajudua.While delivering her judgement,Justice Lawal-Akapo had said: ''The representation that she never collected $330,000 from the complainant is deceptive; the accused could not provide a strong alibi for her whereabouts when the fraud occurred.''I find the accused guilty as charged.As a registrar of court,the accused should have been an image maker of the judiciary,but she acted in the contrary.On count one,I sentence the accused to 10 years imprisonment and on count two I sentence the accused to 10 years imprisonment.''Both sentences are to run concurrently''.
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