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...

PRESIDENTIAL ELECTION PETITION TRIBUNAL AFFIRMS TINUBU’S WIN.(PHOTO).



Presidential Election Petitions Tribunal Affirms Tinubu’s Win

The Presidential Election Petition Court has declared that President Bola Tinubu and vice president Kashim Shettima were validly Elected
in the February 25th polls.

In an over eleven hour verdict being presided over by justice Haruna Tsamani, the tribunal has held that the petitioners, Former Vice President Atiku Abubakar and Mr. Perter Obi have not been able to prove their allegations of non compliance with the electoral laws against the election.

Allegations that President Tinubu was not academically Qualified to Contest For Presidency and that he has drug case hanging over him in the United States were also dismissed for lacking in merit as it was a civil forfeiture procedure.

On the claim that president Tinubu did not score 25% In the FCT and so should not have been declared president, the court ruled that the spirit and letters of the law does not give FCT a special status, explaining that there was equality amongst all Nigerian citizens.

The justices ruled that there was nothing in the electoral act that made it mandatory for INEC to transmit results electronically as claimed by the petitioners.

The court also ruled that evidences by Mr. Peter Obi didn't prove that he Won The Presidential Election and that he could not substantiate with specific details at poling units, his claims of irregularities, suppression of votes and corrupt practices especially in Rivers, Benue, Lagos, Taraba, Osun states.

The allegation of double nomination brought against Vice President Senator Kashim Shettima by the Allied Peoples Movement APM was not upheld as he was said to have complied with the provisions of the electoral act.

Other justices delivering the judgement include Stephen Adah, Mistura Bolaji- Yusuf, Biolokumo Ugo and Justice Aba Mohammed.

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