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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FEMALE FRAUDSTERS BAGS EIGHT MONTHS IMPRISONMENT TODAY IN EDO STATE.{PHOTO}.#PRESS RELEASE.

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     The Economic and Financial Crimes Commission, EFCC, Benin Zonal Office today, June 28, 2019 secured the conviction of Isaac Christiana Nkemdirim before Justice M.G. Umar of the Federal High Court sitting in Benin City, Edo State.
Nkemdirim was convicted on a one count charge of obtaining by false pretence contrary to Section 15(2)(a) of the Money Laundering (Prohibition) Act, 2002 as amended and punishable under 15(3) of the same Act.
The charge reads: “That you, Isaac Christiana Nkemdirim (alias Ama Christiana, Isaac Christian and one Favour Chinonso (alias Steve Obinna (at large), on or about 23rd of August, 2018 within the jurisdiction of this honourable court did conceal or disguises the origin of the sum of N150,000 (One Hundred and Fifty Thousand Naira) which you transferred to our Account 0775064177 domiciled in Access Bank PLC , which you knew or reasonably ought to have known that the said amount forms part of the proceeds of unlawful Act to wit: obtaining money by false pretenses and thereby committed an offence contrary to section 15 (2) (a) of the Money Laundering (Prohibition) Act, 2012 as amended and punishable under section 15 (3) of the same Act.
Upon her arraignment, Nkemdirim pleaded guilty to the charge.
Based on her plea, the prosecution counsel, Fredrick O. Dibang prayed the court to convict and sentence the defendant accordingly.
However, the defence counsel prayed the court to temper justice with mercy as his client was a first time offender and a youth who has promise never to go back to the crime.
Justice M.G. Umar thereafter convicted and sentenced the defendant to eight (8) months imprisonment without an option of fine.
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