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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SOUTH AFRICA: PARLIAMENTARY SPEAKER FACES IMMINENT ARREST OVER GRAFT CHARGES.(PHOTO)

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 South Africa: parliamentary speaker faces imminent arrest over graft charges


South Africa’s parliamentary speaker faces imminent arrest over corruption charges after a court on Tuesday dismissed her bid to block police and prosecutors from arresting her.


Nosiviwe Mapisa-Nqakula, who is a senior member of the ruling African National Congress party, is accused of receiving bribes from a defense contractor while she was defense minister.


According to prosecutors, she received 11 payments totaling $135,000 between December 2016 and July 2019. She sought another bribe of $105,000 but that wasn’t paid, prosecutors said.


Opposition lawmakers have called for her to step down from her position as speaker over the allegations.


Mapisa-Nqakula last week launched an urgent court bid to block her arrest, but a judge at the North Gauteng High Court in Pretoria dismissed her application on Tuesday.


Speaking to reporters after the judgment was delivered, National Prosecuting Authority spokesman Mthunzi Mhaga did not say when the arrest would be made but confirmed the judgement paved the way for it to occur.


“Obviously the wheels of justice will now be in motion, as we were listening to the judgment, which was well reasoned,” Mhaga said.


“We have always maintained that this is unprecedented and it was unnecessary for us to be brought to court. We have always maintained that the process of arrest will be done seamlessly,” he added.


Before launching her court bid, Mapisa-Nqakula was told by prosecutors she should turn herself in to authorities for processing and to appear before a judge.


Mapisa-Nqakula is the latest African National Congress leader to face corruption allegations as the party prepares to fight tough national elections this year.


Recent polls suggest the party could receive less than 50% of electoral support for the first since time it came into power in 1994.


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