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...

EFCC GRILLS EX-WOMEN AFFAIRS MINISTER, TALLEN OVER N2BN FRAUD. (PHOTO).





EFCC grills ex-women affairs minister, Tallen, over N2bn fraud

The immediate former Minister for Women Affairs and Social Development, Pauline Tallen, is currently in the custody of the Economic and Financial Crimes Commission, over allegations of money laundering.

Sources privy to the development confirmed to our correspondent that Tallen was quizzed by operatives of the EFCC at its Zonal Headquarters, in Wuse, Abuja.

Though details of the allegations against the ex-minister were sketchy, a source familiar with the case told The PUNCH that it bordered on corrupt enrichment to the tune of N2billion.

“The ex-mnister arrived at our Abuja Zonal Command (not the headquarters), on invitation, at about 12 pm, but she’s still being grilled by investigators of the commission as at 8:30 pm.

“She’s being investigated for alleged 
misappropriation of funds and corrupt enrichment to the tune of N2billion, and part of the money was allegedly diverted from the African First Lady Peace Mission Project.”

Spokesperson for the commission, Wilson Uwujaren, could not be reached as of press time.

 

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