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...

PLATEAU: APPEAL COURT ANNULS VICTORY OF SENATE MINORITY LEADER.(PHOTO).


Plateau: Appeal Court Annuls Victory Of Senate Minority Leader


The Court of Appeal in Abuja has nullified the victory of the Senate Minority Leader, Simon Mwadkwon, who represents Plateau North Senatorial District.


A three-member panel of justices on Sunday ordered the Independent National Electoral Commission (INEC) to, within 90 days, conduct a fresh election in the senatorial district.


The court gave the verdict while ruling on the appeal filed by Chris Giwa of the All Progressives Congress (APC) and Gyang Zi of the Labour Party (LP).


Giwa and Zi had appealed against the judgment of the Plateau State Elections Petitions Tribunal in Jos which affirmed Mwadkwon of the Peoples Democratic Party (PDP) as the winner of the senatorial poll.


The appellants had contended that Mwadkwon was not qualified to stand for an election as his party, the PDP, which nominated him during the election, had no structure to do so, having not complied with an earlier high court order for the party to conduct a proper state congress.


Justice A Williams-Daudu, who read the lead judgment of the appellate court, held that the high court order was not fully complied with by the PDP as 12 LGAs didn’t participate in the said congress.


“To avoid anarchy, I agree with the appellants that the court must protect an order of another court,” she said.


“I agree with the appellant that the third respondent (PDP) had no valid structure and could not have claimed to have validly nominated the second respondent (Mwadkwon) for the election.


“Given the findings of this court, the appeal, therefore, succeeds as the court order was not complied with.


“The first respondent is hereby ordered to conduct another senatorial election in Plateau North within 90 days,” the judge ruled.


 

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