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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N4.7BN FRAUD: COURT ADJOURNS EX-OYO GOV. LADOJA'S TRIAL INDEFINATELY

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    Justice Mohammed Idris of the Federal High Court sitting in Ikoyi, Lagos has adjourned sine die the ongoing trial of a former governor of Oyo State, Rasheed Ladoja.
Ladoja is facing trial alongside a former Commissioner for Finance in the state, Waheed Akanbi, for allegedly laundering a sum of N4.7bn from the coffers of Oyo State government.
At today’s sitting, the prosecution counsel, O. O. Olabisi, statedthat he had filed an amended charge against the defendant before the court.
He also prayed for an extension of the fiat issued to the Judge by the President of the Court of Appeal to conclude the matter this month.
Justice Idris is among the 12 High Court judges recently elevated to
the Court of Appeal.
Counsel to the first defendant, Bolaji Onilenla, opposed the application of prosecution to amend the charge, saying, “At this critical stage, the prosecution cannot amend the charge.”
Onilenla, however, aligned himself with the prayer of the prosecution for an extension of the fiat given the presiding Judge.
Counsel to the second defendant, Olumide Fisikan, sought to move his
application of no-case submission.
He also aligned himself with other counsels in the matter that the judge should seek an extension of the fiat on the matter.
In his short ruling, Justice Idris held that either party was at liberty to apply to the President of the Court of Appeal for the renewal of the fiat in line with the Administration of the Criminal Justice Act, ACJA.
“To be on a safe side, this case must be adjourned sine die,” he further held.
The defendants were first arraigned in 2008 before Justice A.R. Mohammed.
They, however, challenged the validity of the charges up to the Supreme Court.
The apex court in 2015 dismissed their appeal and ordered them to go
back to the lower court to face their trial.They were subsequently re-arraigned on December 14, 2016 before Justice Idris.
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