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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NIS RECRUITMENT SCAM: COURT ADJOURNS ABBA MORO'S TRIAL TO FEB 25,2020.{PHOTO}.

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    Justice Nnamdi Dimgba of a Federal High Court, Abuja on Tuesday, January 28, 2020, adjourned the trial of Abba Moro, a former Minister of Interior to February 25.
Moro is facing prosecution by the Economic and Financial Crimes Commission, (EFCC) for procurement fraud and money laundering and for allegedly defrauding Nigerian applicants who applied for employment in Nigerian Immigration Service (NIS) to the tune of N675,675,000 (Six Hundred and Seventy-five Million, Six Hundred and Seventy-five Thousand Naira).
The amount represents N1,000 obtained from each applicant through e-payment for the online recruitment exercise on March 15, 2014 - an exercise in which 15 applicants died with scores injured due to the ministry’s shoddy preparations for the exercise.
He is charged alongside Anastasia Daniel-Nwobia, a former secretary in the ministry, F.O. Alayebami, a deputy director in the ministry, Mahmood Ahmadu, currently at large, and Drexel Tech Nigeria Limited, a firm involved in the ill-fated recruitment exercise.
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