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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PRESIDENT BUHARI PRESENTS THE VISA POLICY 2020 TODAY.{PHOTOS}.#PRESS RELEASE.

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     President Muhammadu Buhari officially presents to the Public, the Nigeria Visa Policy (NVP) 2020, at the State House, Abuja.

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President Muhammadu Buhari Tuesday in Abuja said Nigeria Visa Policy 2020 is intended to attract innovation, specialized skills and knowledge from abroad to complement local capacity.
In his remarks at the official public presentation of the Nigeria Visa Policy (NVP) 2020, the President said “the implementation of the Nigeria Visa Policy 2020 will support the attainment of a globally competitive economy for Nigeria by building on the efforts of the Presidential Enabling Business Environment Council.’’
President Buhari said the policy will improve the business environment, attract Foreign Direct Investment and boost tourism without compromising national security.

“Earlier in the course of this Administration, we introduced the Economic Recovery and Growth Plan (2017-2020) with one of the objectives being to minimize bottlenecks which impede innovation and market based solutions for building an inclusive economy.
 “The Nigeria Visa Policy 2020 is intended to attract innovation, specialized skills and knowledge from abroad to complement locally available ones,’’ he added.
 The President also noted that the Nigeria Visa Policy 2020 provides an avenue to achieve African integration by introduction of visas on arrival for short visits to Nigeria for holders of passports of African Union countries.
“I therefore commend the document to the international community, foreign and local business entities. We are open for business,’’ he said.
In his remarks, the Minister of Interior, Ogbeni Rauf Adesoji Aregbesola, said the visa policy took into consideration specific needs of foreigners who would want to visit the country, without compromising the security of the country.
The minister said the policy had followed a process that considered the security, economy and territorial integrity of the country, and would only be issued after due diligence with other security components of the country.
“Especially, the new visa policy will be helpful to diaspora Nigerians by birth who can now use other passports to visit the country because some countries do not allow dual citizenship,’’ he added.
In a technical presentation, the Comptroller General of the Nigeria Immigrations Service (NIS), Muhammad Babandede, said the service had already put in place a technological hub, called the Migrants Information and Data Analysis (MIDAS), to ensure strict compliance with the conditions for the issuance of the visa.
Babandede assured that issues of corruption or bribery will be controlled by the automated system, while allaying fears of possible infiltration of the economy by criminals and terrorists.
He said the new policy has 79 categories, which include health, education, tourism etc, pointing out that the Economic and Financial Crimes Commission, National Intelligence Agency (NIA) and the Interpol also made inputs into the system, and would be carried along in the processing before approvals.

Femi Adesina
Special Adviser to the President
(Media & Publicity)  
February 4, 2020.


More details later and more photos below.
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