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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EMPLOYMENT FRAUD: NSCDC OFFICER BAGS 7-YEAR JAIL TERM.(PHOTO).#PRESS RELEASE

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Employment Fraud: NSCDC Officer Bags 7-Year Jail Term

The Independent Corrupt Practices and other Related Offences Commission (ICPC) has secured the conviction of an officer of the Nigeria Security and Civil Defence Corps (NSCDC) for defrauding a citizen of N100,000 to help her to secure a fake NSCDC job.

The convict, Segun A. Odewale, a Superintendent with the NSCDC, was sentenced to 7 years imprisonment by Hon. Justice M. O. Agboola of Osun State High Court 6B, Osogbo on a three-count charge preferred against him.

Mr. Odewale was charged under Section 10(a) of the Corrupt Practices and Other Related Offences Act 2000 on counts one and two, and on Section 19 of the same Act on count three.

One of the counts read “Segun A. Odewale (M) sometimes in the year 2011 or thereabout being a public officer in the employment of the Nigerian Security and Civil Defence Corps (NSCDC) Osun State Command did use your office as a staff of the Nigerian Security and Civil Defence Corps (NSCDC) to confer unfair advantage on yourself upon receipt of the sum of N100,000 (One Hundred Thousand Naira) for yourself from one (name withheld) on account of a promise to secure employment for her with the Nigerian Security and Civil Defence Corps (NSCDC).”



 

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