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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EFCC ARRAIGNS WOMAN FOR N2.1M FRAUD.{PHOTO}.

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       The Economic and Financial Crimes Commission, EFCC, Kano Zonal Office on Monday May 20, 2019 arraigned one Hauwa Mohammed Sabo before Honourable Justice Obiora Atuegwu Egwuatu of the Federal High Court, sitting in Kano on a two-count charge of obtaining money under false pretence.
The defendant allegedly obtained the sum of N2,150,000 (Two Million, One Hundred and Fifty Thousand Naira) only from the plaintiff, Badura Kabir Idris on the guise that he would invest the amount in his gold mining business.
One of the charges read that: “You, Hauwa Mohammed Sabo (Alias Hajiya Nina), sometime in the month of November, 2017 in Kano, within the jurisdiction of this honourable court, with intent to defraud, obtained the sum of N2,000,000 (Two Million Naira), only from Badura Kabir Idris, under the false pretence that the money was for investment into your hold mining business which pretence you knew to be false and thereby committed an offence contrary to Section 1(2) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006 and punishable under Section 1(3) of the same Act."
The defendant pleaded not guilty to the charge.
In view of her guilty plea, prosecution counsel, Sadiq Hussain asked the court for a trial date and for the defendant to be remanded in prison custody.
Defence counsel, Ladi Oseni informed the court that she was yet to file a formal bail application and requested for an adjournment.
Justice Egwuatu remanded the defendant in EFCC custody and adjourned the matter to May 23 and 28, 2019 for the hearing of the bail application and commencement of trial, respectively.
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