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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WOMAN BAGS 10 YEARS JAIL TERM FOR FRAUD IN LAGOS. (PHOTO).#PRESS RELEASE.

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Woman Bags 10 Years Jail Term for Fraud in Lagos

The Lagos Zonal Command of the EFCC on March 4, 2022, secured the conviction and sentencing of one Aishatu Arowojobe before Justice Mojisola Dada of a Special Offences Court sitting in Ikeja, Lagos on an amended two-count charge bordering on obtaining money by false pretence and stealing. Arowojobe was first arraigned on January 15, 2019 on a one-count charge to which she pleaded "not guilty".
Arowojobe, with intent to defraud, obtained the sum of N7,065,000 (Seven Million and Sixty-five Thousand Naira) from one Tim Onyeator by falsely representing to him that it was the cost of 'garri' business and purchase of plots of land for cassava plants, which pretence she knew to be false. The charge was afterwards amended to two counts and she still pleaded "not guilty". Visit our website: 

 

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