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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HAIR STYLIST BAGS TWO YEARS IMPRISONMENT FOR INTERNET FRAUD IN BENIN.(PHOTO).#PRESS RELEASE

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Hair Stylist Bags Two Years Imprisonment for Internet Fraud in Benin

Justice Efe Ikponmwonba of the Edo State High Court sitting in Benin City on Tuesday, June 27, 2023 convicted and sentenced Idoko Innocent, a hair stylist, to two years imprisonment for internet fraud.

The convict journey to prison began following his arrest by operatives of the the Benin Zonal Command of the Economic and Financial Crimes Commission for his involvement in internet fraud. He allegedly fraudulently represented himself as one Don Smart, a white man in his attempt to defraud unsuspecting victims, an offence contrary to and punishable under section 384(1) of the Criminal Code Law of Edo State Law, 2022
 
Upon arraignment,  he pleaded guilty to the charge, prompting  the prosecution counsel,  K.U..Udus to pray the court to convict and sentence the defendant accordingly. However, Pascal Ugbome, the defence counsel, pleaded with the court to temper justice with mercy as the defendant was a first time offender.

Justice Ikponmwonba thereafter convicted and sentenced Innocent to two years imprisonment with an option of One Hundred Thousand Naira fine.

In addition, the court ordered the convict to forfeit his mobile phone recovered in the course of investigation to the Federal Government of Nigeria through the EFCC. His bank account used as instrument of crime was ordered closed.



 

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