A CATHOLIC PRIEST, REV. FR. SAMUEL OPEYEMI OYETORO, HAS BEEN REPORTEDLY KILLED BY UNKNOWN ASSAILANTS IN AJAOKUTA, KOGI STATE. (PHOTO).

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 Catholic priest reportedly klled in Kogi  A Catholic priest, Rev. Fr. Samuel Opeyemi Oyetoro, has been reportedly killed by unknown assailants in Ajaokuta, Kogi State. According to reports, the priest was stabbed multiple times along Ajaokuta road on Wednesday, 29th July 2026. His body was found dumped at the roadside.  Rev. Fr. Oyetoro was born in Egbe, Yagba West Local Government Area of Kogi State and a native of Ayetoro in Ijumu Local Government Area.  Until his death, he served as a priest at St. Mary’s Catholic Church, Egbe. The full circumstances surrounding the incident are still unclear, and authorities are yet to issue a comprehensive official statement.  The Catholic Diocese of Lokoja confirmed the d3ath of the priest in a statement and requested all religious and Laity to pray for the peaceful repose of his soul.” “We kindly request all priests, religious and Laity to pray for the peaceful repose of his soul during their Holy Masses and personal pra...
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RELIEF AS CBN SUSPENDS CHARGES ON LARGE CASH DEPOSITS.(PHOTO).

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Relief as CBN suspends charges on large cash deposits
 
Relief came the way of bank depositors on Monday as the Central Bank of Nigeria has directed all banks, other financial institutions, and non-bank financial institutions, to suspend the processing charges previously imposed on large cash deposits.

This change, referenced under the “Guide to Charges by Banks, Other Financial Institutions, and Non-Bank Financial Institutions” dated December 20, 2019 (FPR/DIR/GEN/CIR/07/042), affects deposits over N500,000 for individual accounts and N3,000,000 for corporate accounts.

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Analysts say the suspension is a significant shift in policy and will remain in effect until the end of April 2024.

The move is seen as a fortification of the new financial landscape the apex bank is creating which demolishes some of the previous policies of the CBN.

It is also in response to the yearnings of depositors across Nigeria.

The directive mandates all financial institutions regulated by the CBN to comply by not imposing any charges on cash deposits that meet or exceed these thresholds. This development is expected to encourage more significant cash deposits, enhance liquidity, and possibly impact various sectors positively, including small and large businesses.

The move is expected to encourage hoarders to release huge chunk of cash in their possession as the fear of charges made them to withhold huge cash.

 

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