CBN DEBUNKS FAKE NEWS ON NEW N5,000 AND N10,000 BANKNOTES.(PHOTO).
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...
The Economic and Financial Crimes Commission,EFCC,on Monday April 3,2017 arraigned five persons and two companies before Justice I.E Ekwo of the Federal High Court,Calabar,Cross Rivers State on a five count charge bordering on alleged conspiracy,bid_rigging,abuse of office and breach of due process contrary to the procurement Acts of 2007.The defendants are Professor Thomas U. Agan,Chief Medical Director,University of Calabar Teaching Hospital,Francis I.Otu,chief Administrative Officer and head,Legal Services of the same hospital.Others are Okocha Anthony,Emmanuel Etta Nkim,Anchor Industrial & Construction Services Nigeria Limited and Basemark Energy Nigeria Limited.The trio of Professor Agan,Offor and Otu were said to have used their position to corruptly influence the award of contract t the other four accused persons.The contract was executed through inflated cost and so failed to follow due process with the accused persons corruptly enriching themselves to the tune of N85,062,000.00 thereby contravening the provisions of the Public Procurement Act 2007.When the charge was read to the defendants,they all pleaded not guilty.In view of their please,the prosecution counsel,Kayode Oni asked to court to remand the defendants in prison custody and to fix a date for trial.However,attempt by the defence counsel,Mba Ukwenyo,Senior Advocate of Nigeria,SAN,to move an oral application for bail for his clients was refused by the judge who ordered that a formal application by filed.Justice Ekwo adjourned the case to May 8,9,10,11 and 12 for trial.More photos below.
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