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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SPORTS MINISTER APPLAUDS PRESIDENT BOLA AHMED TINUBU'S APPROVAL OF N12 BILLION OWED ATHLETES, OTHER OFFICIALS.(PHOTO).#PRESS RELEASE

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PRESS RELEASE 

SPORTS MINISTER APPLAUDS PRESIDENT BOLA AHMED TINUBU'S APPROVAL OF N12 BILLION  OWED ATHLETES, OTHER OFFICIALS



The Honourable Minister of Sports Development, Senator John Owan Enoh has expressed his appreciation to President Bola Ahmed Tinubu for the recent approval of a substantial N12 billion disbursement to address the outstanding backlog owed to Nigeria's National Teams, Coaches and other officials.

The Minister stated that the approval will boost the mood of the Super Eagles, ahead of the African Cup of Nations and other international competitions.

Senator Owan Enoh explained 
that the payment encompasses the settlement of senior national team coaches' salaries spanning 15 months, as well as the disbursement of bonuses owed to both senior and junior national teams (male and female). 

He informed that the financial injection was timely as it arrived just when the preparations of the Super Eagles for the AFCON struck top gear.

The Minister thanked Mr. President for approving the funds, noting that it reflects his love for sports, adding that the approval not only serves as a morale booster for the teams involved but also underscores government's dedication to fostering excellence in Nigerian Sports on the continental stage.

*This is a clear indication of Mr. President's commitment to sports development. This also explains why he made Sports Development a stand alone Ministry so as to pay closer attention to its pertinent issues. On behalf of the Ministry and the NFF, I thank President Bola Ahmed Tinubu*  Senator Owan Enoh said. 

The Minister assured President Bola Ahmed Tinubu that the team would do everything within its powers to make the nation proud at the continental showpiece. 

He assured further that the Ministry under his watch will continue to ensure the full implementation of the policies, initiatives and programmes that will drive the development of the sports industry, not only in line with the global realities but also with the 
Renewed Hope  Agenda of the present administration.

Signed 
Mohammed Manga *FCIA*
Director, Press and Public Relations 

January 16, 2024


 

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