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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RIVERS CRISIS: YOUTH LEADER, 120 OTHERS GRANTED BAIL.(PHOTO)

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Rivers Crisis: Youth Leader, 120 Others Granted Bail

The Chairman of the Rivers State chapter of the National Youth Council of Nigeria, Chijioke Ihunwo, has been arraigned at the magistrate court in Port Harcourt, the Rivers State capital.

Ihunwo, who was arraigned alongside 120 others, were all present at the Rivers Magistrate Court 22 on Wednesday where a five-count charge was preferred against them.

The charges were conspiracy; causing a riot; damaging the house gate of the Speaker of the Rivers State House of Assembly, Martins Amaewhule; unlawful assembly; and causing breach of public peace.

When the charges were read out, the accused youths all pleaded ‘not guilty’.

After the charges were read out, counsel for the defendants, Alabo Tamunowari, applied for bail insisting that they have four capable sureties who will provide all 121 accused persons whenever requested.

This was opposed by Enyiepere Sikpi, counsel for the prosecution, who raised questions about the veracity of the sureties address.

After listening to both sides, the magistrate, Gift Amadi Esq, proceeded to grant bail to all the defendants in the sum of 100,000 each and adjourned the matter to December 5, 2023 for hearing. The number of sureties was, however, increased to 20 with verifiable addresses.

One of the defendants, Chigozie Emeh, who is a lawyer, was granted bail on self recognition.

Speaking to journalists outside the courthouse, one of the counsel for the defendants, Higher King Esq, expressed reservations on the action of the police, saying “they will go home, why won’t they go home? It’s a bailable offense”.

“It’s not bringing frivolous charges, when you bring charges, you must sustain the charge. They were rounded up yesterday (Tuesday) and today (Wednesday) they’re already in court, no investigation, no proof of evidence, nothing, but we’re in court with them”

The prosecution counsel declined to speak when approached.

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