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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APPEAL COURT AFFIRMS ABURE AS LP CHAIR, FINES APAPA N1M. (PHOTO).

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  Appeal Court Affirms Abure As LP Chair, Fines Apapa N1m


The Court Of Appeal in Abuja has affirmed Julius Abure as the Chairman of the Labour Party (LP).


The Appellate Court also set aside the decision of the Federal Capital Territory (FCT) High Court which last year, restrained Abure and two others from parading themselves as national officers of the party.


In the judgement delivered by Justice Hamma Barka, the Appellate Court held that the high court was wrong to have assumed jurisdiction on the matter.


The Appellate Court also awarded a cost of One million Naira in favour of Abure and against the respondent, Lamidi Apapa.


Justice Hamza Muazu of the Federal Capital Territory High Court had last year, granted and ex-parte order, ordering that Abure and two other national officers stop parading themselves as leaders of the party for allegedly forging national documents but the Appellate Court set the verdict aside.


The Appellate court held that Abure’s appeal has merit and was thereby allowed.


Following the 2023 presidential poll with LP’s Peter Obi coming third, Abure has been in a protracted legal conflict with Apapa who laid claim to the party’s chairmanship.


On March 21, 2024, Abure was arrested in Benin City, the Edo State capital, with viral videos showing him being manhandled by policemen, even as LP supporters fought to prevent his arrest.


The police had said Abure was arrested for attempted murder, illegal possession of firearms, and related offences. The LP chairman was later released on bail the following day after protests by LP members.

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