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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FAKE ESTATE AGENT BAGS FIVE YEARS FOR FORGERY.[PHOTO}.#PRESS RELEASE.

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    The Economic and Financial Crimes Commission, EFFC, Lagos Zonal office, has secured the conviction and sentence of Idris Dauda, a fake estate agent, to five years imprisonment for forgery before Justice Sherifat Solebo of the Lagos State High Court sitting in Ikeja, Lagos.
The convict was arraigned on July 5, 2019 on a six-count charge bordering on forgery.
One of the counts read: “ That you, Alhaji Idris Dauda, on or about the 3rd day of November, 2015, at Lagos within the Ikeja Judicial Division of this honourable court, knowingly forged the signatures of Deed of Assignment dated 3rd November, 2015 registered as No. 99, Page 99 in Volume 2516 of the Register of Deed, Land of Registry, Lagos purporting same to be signed by Mrs. Jadesola Loluko Sodipe and Miss. Titi Ashamu, the Administatrix of the Estate of the late Chief Emmanuel Oyedele Ashamu in favour of Mr. Patrick Uwabunkeonye Asiwa and committed an offence contrary to Section 363(1) of the Criminal Law of Lagos State, 2011.”
Following his arraignment, the defendant pleaded not guilty to the charge and was remanded in the Nigerian Correctional Services, NCS.
However, before the commencement of trial, the convict, through his counsel, approached the Commission with a letter dated September 30, 2019 seeking a plea bargain.
At the resumed hearing on Tuesday, June 23, 2020, the defendant pleaded guilty to the amended five-count charges.
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