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...

PRESIDENT-ELECT TINUBU MOURNS POLITICAL ASSOCIATE,MUSA GWADABE.(PHOTO).



President-Elect Tinubu Mourns Political Associate, Musa Gwadabe

President-elect Asiwaju Bola Ahmed Tinubu has expressed sorrow over the passing of his long-term political associate and elder statesman, Malam Musa Gwadabe.

Gwadabe, a former Minister of Labour and Productivity and one-time Secretary to the Government of Kano State, died on Wednesday in Kano at 87.

Tinubu stated this when he paid a condolence visit to late Gwadabe's family in Kano.

represented by the speaker house of representatives Femi Gbajabiamila said Nigeria has lost a great Nationallist .

"I feel deeply saddened to learn of the passing of Alhaji Musa Gwadabe. A dependable ally and decent politician, Alhaji Gwadabe was a committed party man who did a lot to advance the fortunes of our All Progressives Congress.

"I have known Musa Gwadabe since our struggle against the military during the aborted Third Republic where we both belonged to the Social Democractic Party (SDP). We later reunited in the defunct Action Congress (AC) after he became disenchanted with the undemocratic practices of his former party, the PDP.

"Since rejoining the progressive camp, Alhaji Gwadabe had remained committed to the APC. He played pivotal roles in the transmutation of AC to ACN and the formation of APC in 2013. He was unwavering in his dedication to our party and its ideals.

"He was a principled politician who believed in politics of ideology. Even when other elements with whom he joined the AC invited him to jump the ship back to their former party, he honourably declined and chose to remain in the progressive fold.

"He was a selfless leader and a trustworthy political ally whose wise counsel and support I will dearly miss," the president-elect said.

Tinubu, who prayed for the soul of the late politician, expressed his condolences to the Gwadabe family and the people and government of Kano State over the loss.

 

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