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...

APPEAL COURT UPHOLDS SANWO-OLU’S ELECTION.{PHOTO}.#PRESS RELEASE.

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     The Court of Appeal in Lagos on Saturday dismissed an appeal filed by Labour Party (LP) challenging the judgment of the Governorship Election Petition Tribunal which affirmed the election of Mr Babajide Sanwo-Olu as the Governor of Lagos State.
The Appellate Court, in a unanimous decision, held that the appeal lodged by Labour Party lacked merit and “sank never to rise again, even on appeal.”
Labour Party and its governorship candidate, Mr Ifagbemi Awamaridi, had appealed the judgment of Election Petition Tribunal delivered on September 23, 2019, insisting that Governor Sanwo-Olu was not qualified to contest the election held in March 2019, and that the Governor did not win the election.
The respondents are the Independent National Electoral Commission (INEC), Governor Sanwo-Olu, All Progressives Congress (APC), INEC Residential Electoral Commissioner, the Returning Officer for the Lagos State Governorship Election, the State’s Commissioner of Police and the Nigerian Army.
But Justice Hannatu Sankey, who read the lead judgement of the five-man panel of Justices of Appeal Court, specifically affirmed the decisions reached by the Governorship Tribunal.
According to the Court, the appellant (Labour Party) failed to produce any oral or documentary evidence through witnesses and other channels to establish the fact that Governor Sanwo-Olu was not qualified to contest the election, or did not win the Governorship election.
The Court further ruled that the petitioner went on a "Columbian Journey of making assertions with nothing to back it up,” and thereby dismissed the appeal in its entirety.
The Appellate Court also upheld the Tribunal's decision that no proof of allegation of collusion and assault against officers of the Nigerian Army was provided by the appellants, adding that no sufficient fact was provided to substantiate allegation of electoral malpractices at the polling units against the respondents.
"The appeal is lacking in merit and is hereby dismissed. I hereby uphold the judgment of the Lagos State Election Petition Tribunal," Justice Sankey held.
All the other four Justices of the Court affirmed and concurred with the lead judgement.
In a related development, the Appeal Court also dismissed an appeal filed by Alliance for Democracy (AD) and its governorship candidate, Owolabi Salis to challenge Governor Sanwo-Olu’s electoral victory.
In a unanimous decision, Justice Ayobode Shodipe, who read the lead judgement, held that the appeal of AD lacked merit and was “Dead On Arrival.”
“The appeal is seriously lacking in merit and is hereby dismissed. The seven issues of the appellant (Salis) are hereby resolved against him,” Justice Shodipe ruled.
Besides, the Appellate Court ordered that a cost of N200,000 should be awarded against the appellants in favour of each six of the seven respondents (except the Commissioner of Police) in both appeals, bringing the total cost to N2.4million.
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