EMEKA KALU WITHDRAWS FROM ABIA NORTH SENATORIAL RACE. (PHOTO)

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 Emeka Kalu Withdraws from Abia North Senatorial Race A prominent Labour Party (LP) chieftain in Abia State, Dr. Emeka Kalu, has withdrawn from the Abia North Senatorial District race. Dr. Kalu announced his decision on Wednesday, stating that the move was designed to foster unity within the Labour Party and strengthen support for the administration of Governor Alex Otti ahead of future elections. In a statement issued to party stakeholders and supporters, Kalu explained that his withdrawal came after wide consultations and a careful assessment of the prevailing political situation in the party. He emphasized that the decision was taken in the overall interest of the party’s cohesion and success in Abia State.
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CBN APPROVES CIRCULATION OF OLD NOTES.(PHOTO).

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Finally, CBN Speaks On Old Naira Notes 

 MAR 7, 2023  Central Bank of Nigeria, Isa Abdulmumin, Nigerians, Old Naira Notes, Supreme Court



Following the new directive of Supreme Court, the Central Bank of Nigeria (CBN) spokesman, Isa Abdulmumin, has said that both the old and new naira notes are now legal tender.

Speaking on Tuesday, Abdulmumin said even though the CBN is yet to issue an official statement on the matter, Nigerians can now spend and collect both the old and new notes.

He added that the apex bank just wants to make life easy for Nigerians and has directed commercial banks to obey the supreme court ruling which extended the validity period of the old notes to the end of the year.

The CBN spokesman said, “Banks are paying old notes as well as new notes. They are all legal tender.

“Yes, the CBN has not issued an official statement on the issue. Anyone banks give to you, you can collect. We just want to make life easy for Nigerians.”

Abdulmumin expressed concern about the continued rejection of the old notes by some traders and transporters.

The CBN spokesman said the old notes should not be rejected as they are still a valid means of exchange.

He added: “No. They can’t reject it. It’s all legal tender.”

Recall that some states had dragged the Federal Government before the apex court over the controversy trailing the naira redesign policy of the CBN.

 

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