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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COURT GRANTS EMEFIELE BAIL.(PHOTO).

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Court grants Emefiele bail

Justice Olukayode Adeniyi of the Federal Capital Territory High Court has granted former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, bail.

 

At his bail hearing today November 8, the judge ordered that Emefiele be released immediately to his lawyers and ordered the lawyers to produce him in court for his arraignment next week or at any time he is required to appear in court.

 

Justice Adeniyi ruled that the CBN governor must deposit his travel documents before the chief registrar of the court, pending his arraignment.

 

The judge frowned at Emefiele's detention without trial. The court must also not overlook the fact that he has been in detention for 151 days and the Federal Government and the Attorney General of the Federation must abide by court order.

 

The substantive motion on notice as well as the preliminary objection, were adjourned to November 17, 2023 for hearing..


 

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