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...

COURT JAILS TWO FOR SELLING FAKE PATIENCE JONATHAN’S GOLD IN MAIDUGURI. (PHOTOS).#PRESS RELEASE



Court Jails Two for Selling fake Patience Jonathan’s gold in Maiduguri


The Maiduguri Zonal Command of the Economic and Financial Crimes Commission,  EFCC, on Thursday, September 28, 2023 secured the conviction and sentencing of  Goni Muhammad and Seidu Seriki Hamani to seven years imprisonment, for offering fake gold belonging to former First Lady, Mrs Patience Jonathan to their victims.


They were arraigned on May 16, 2022, before Justice Aisha Kumaliya of the Borno State High Court, Maiduguri, on two- count charges bordering on conspiracy and obtaining under false pretence to the tune of N 26, 492,000 (Twenty Six Million, Four Hundred and Ninety Two Thousand Naira) only.


One of the counts reads: “That you, Goni Mohammad and Seidu Seriki Hamman sometimes in January, 2020 at Maiduguri, Borno State within the jurisdiction of this Honourable Court, with intent to defraud, did obtained 2 grams of gold at the rate of N26, 492,000.00 (Twenty Six Million Four Hundred and Ninety Two Thousand Naira) allegedly belonging to the wife of the former President Dr. Goodluck Ebele Jonathan under the false pretence which you knew to be false and thereby committed an offence contrary to Section 1(1) of the Advance Fee Fraud and other Fraud Related Offences Act 2006 and punishable under Section 1(3) of the same Act.”


The defendants pleaded ‘not guilty’ when the charges were read to them. EFCC Counsel,   Mukhtar Ali Ahmed presented three witnesses and tendered several documents as exhibits before the court. However,  defence counsel, H. Waziri prayed the court to temper justice with mercy and “consider their in-ability to secure bail after they were arraigned before the court”.


Justice Kumaliya,  in her judgment,  found them guilty, convicted and sentenced them on count one to seven years imprisonment each for the offence of conspiracy  and seven years for the offence of obtaining under false pretence. The jail terms are to commence from the day they were first arraigned and run concurrently. 


The Judge further ordered Muhammad to pay the balance of N16, 492,000.00 to his victim or serve additional seven years imprisonment.


The convicts bagged their imprisonment when they were arrested by operatives of the Maiduguri Zonal Command of the EFCC, for conspiring and obtaining N26, 492,000 from their victims under the guise of selling two grams of gold belonging to a former first Lady, Mrs. Patience Goodluck Ebele Jonathan. They were charged to court and convicted. 


More photos below. 


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