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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RICE DEALER BAGS TWO YEARS IMPRISONMENT IN GOMBE. (PHOTO).#PRESS RELEASE.

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The EFCC, Gombe Zonal Command, on February 15, 2022, secured the conviction of a rice dealer in Gombe State, Ibrahim Yusuf.
He was sentenced to two years imprisonment by Justice Doraboh Sakkiam of the Gombe High Court, Gombe, on one count charge of cheating contrary to Section 320 of the Penal Code Law and punishable under Section 322 of same Law.
The convict was alleged to have sometime in October 2020 obtained the aggregate sum of N5,350,000.00 (Five Million, Three Hundred and Fifty Thousand Naira) from one Usman Umar Bello by falsely representing to him that the money was payment for the purchase of 520 bags of paddy rice but converted same to his personal use.
He pleaded guilty to the charge when it was read to him.  

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