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 ARRESTS SOKOTO COUNCILLOR,DIRECTOR,TWO OTHERS FOR DIVERTING WORKERS SALARIES.{PHOTO}.#PRESS RELEASE.

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     Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested Tukur Yabo, Director of Works and Housing, Tureta Local Government Area; Hon. Abubakar Maigishiri, a Councilor, Social Welfare, Tureta LGA; Danjuma Ibrahim, a Cashier with Ministry of Social Welfare and Community Development, Sokoto State, and Sambo Abdullahi, a staff of the same Ministry for their alleged involvement in the criminal diversion of N980,000 public funds.
They were arrested on July 25, 2019 following investigation of a petition alleging that some employees of Sokoto Marshal Corps/ Neighborhood Watch Operatives of Tureta Local Government were not paid their April, May and June salaries.
It was further alleged that the salaries were diverted to personal use by the arrested suspects, as all efforts by the workers to get their salaries proved abortive.
Investigations revealed that Yabo conspired with Maigishiri, and the two others to share among themselves, the salaries of 15 Neighbourhood employees leaving them unpaid.
In the course of interrogation, they confessed to their roles in the criminal diversion of the salaries. The sum of N300,000 being part of the money diverted, has been recovered from them.
They will soon be charged to court.

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