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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COURT ADJOURNS COMPANY,SIBLINGS ALLEGED N10M FRAUD TRAIL TILL JULY 12.(PHOTO).#PRESS RELEASE.

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Court Adjourns Company, Siblings’ Alleged N10m Fraud Trial Till July 12


Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Tuesday, June 6, 2023, adjourned till July 12, 2023 “for mention” the N10m fraud trial involving a company, Stelmart Nigeria Limited, alongside its Chief Executive Officer, CEO, Mathew Oluwafemi Moses, and Chief Operating Officer, COO, Mathew Veronica Omolayo.


The defendants, who were arraigned on November 8, 2022, are being prosecuted by the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, on a nine-count charge bordering on stealing contrary to Section 285(9)(b) of the Criminal Law of Lagos State.


One of the counts reads: "Stelmart Nigeria Limited, Matthew Veronica Omolayo and Matthew Oluwafemi Moses, on or about the 1st February, 2021 in Lagos, within the jurisdiction of this Honourable Court, dishonestly converted to your own use, the sum of N10,000,000 (Ten Million Naira) property of 03 Capital Nigeria Limited."


They pleaded "not guilty" to all the charges.


At today’s sitting, the prosecution counsel, G.K. Latona, informed the court that the matter was for continuation of trial and that the prosecution was ready to proceed with the day's business.


"I have my witness in court," he said.


 However, the defence counsel, Otunba Dele Babalola, informed the court that the defence had applied for consolidation of the trial.


"We have four different cases in different courts. Two are part-heard. And we have

 written to the Chief Judge requesting the charges to be consolidated before one judge," he said.


In response, Latona, however, noted that "from a single transaction, different offences can occur.


“You can talk of consolidation in a civil case and not in a criminal trial."


Latona stressed further that contrary to the claim of the defence, "the trials are not the same."


After listening to all the arguments, Justice Dada adjourned till July 12, 2023 "for mention".

 

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