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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UAE OFFERS SUPPORT TO EFCC TODAY.{PHOTOS}.

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     The United Arab Emirate is fully committed to supporting the Economic and Financial Crimes Commission in the discharge of its mandate of fighting corruption in Nigeria. Fahad Al Taffat, the Emirates new envoy in Nigeria made this pledge today during a familiarization visit to the head quarters of the EFCC Abuja.
The envoy who was received by EFCC Acting Chairman, Ibrahim Magu, said he was at the EFCC to acquaint himself with the work of the agency. He noted that he had been fully apprised of the tremendous work of the Mohammadu Buhari administration in fighting corruption and violent extremism before he arrive the country. Ambassador Al Taffat promised to everything possible to assist the EFCC. “Whatever you need, just put it in writing, I will press for it. The UAE can assist you in the areas of capacity building, technical support and intelligence sharing”, he said.
He assured that his country already has a robust anti- money laundering framework, with an anti- money laundering unit domiciled at the Central Bank.
In his response, Magu thanked the envoy for the visit and assured him that he would return the gesture in two weeks.He also briefed the envoy on recent engagements between the EFCC and the UAE that culminated in the signing of a number of bilateral agreements that have increased the tempo of cooperation between Nigeria and the UAE in matters of corruption, money laundering and organized crime.More photos below.
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