GOVERNOR OTTI’S CPS SUES CHINONYE MBA FOR ₦500M OVER ALLEGED DEFAMATORY FACEBOOK POST. (PHOTO).

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 Governor Otti’s CPS Sues Chinonye Mba for ₦500m Over Alleged Defamatory Facebook Post The Chief Press Secretary to the Governor of Abia State, Mr. Ukoha Njoku Ukoha, has filed a ₦500 million defamation suit against Mr. Chinonye Mba at the Abia State High Court, Ohafia Judicial Division, sitting in Abiriba. The suit, marked HOH/90/2025, is before Justice K.C.J. Okereke and stems from a Facebook publication allegedly made by the defendant on October 26, 2025, titled “How Governor Alex Otti’s CPS Plotted to Have Me Incarcerated.” According to the claimant, the publication was posted on Mr. Mba’s Facebook page and circulated to his friends, followers, and the general public. Mr. Njoku contends that the content of the post is false, malicious, and defamatory, and capable of injuring his character, reputation, and public standing. He is therefore asking the court to grant an order of perpetual injunction restraining the defendant from further publishing or circulating the alleged defama...
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NAIRA APPRECIATE SIGNIFICANTLY AMID CBN INTERVENTION. (PHOTO).

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 Naira appreciates significantly amid CBN intervention


The Naira closed the week positively, appreciating marginally against the US Dollar at the Foreign Market amid the Central Bank of Nigeria’s sweeping policy interventions.


Data from FMDQ showed that the Naira appreciated N1,435.53 per US Dollar on Friday from N1461.90 on Thursday.


This represents a 1.8 per cent or 26.37 gain compared to N1461.90 recorded at the close of trading on Friday.


This is the second time the Naira has appreciated marginally in the week under review.


Similarly, the Naira recorded a gain at the parallel Market, which traded at 1,440 per US dollar on Friday from N1,470 the previous day.


In the last four days, CBN, under its Governor, Olayemi Cardoso, has released four policy reforms to wrestle down the free fall of Naira.


CBN also issued a guideline on Wednesday to curb foreign currency hoarding and speculation.


Also, during the week, the bank issued fresh guidelines for International Money Transfer Operators in Nigeria and removed the cap on the exchange rate quoted by IMTOs.


However, the most popular African nation’s currency, the Naira, hiked to N1,435.53 in the week under review from N891.90 per US dollar it traded seven days ago.

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