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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COURT GRANTS BUHARI'S AVIATION MINISTER SIRIKA, DAUGHTER, TWO OTHERS N100M BAIL EACH. (PHOTO).

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 Court Grants Buhari's Aviation Minister Sirika, Daughter, Two Others N100m Bail Each


A Federal High Court in Abuja has granted ₦100m bail each to a former Minister of Aviation Hadi Sirika, his daughter and two others.


They are being tried over an alleged fraud to the tune of ₦2.7bn.


According to the court, they are also to provide two sureties who must have landed properties in Abuja. The sureties, the court said, must also be responsible citizens.


The sureties must depose to an affidavit of means. The court also restricted the defendants from traveling abroad without its permission.


Justice Oriji ordered that the defendants should be remanded in prison custody if they failed to meet their bail conditions.


The sureties must own landed properties within the FCT with valid titles. The trial will commence on the 10th, 11th and 20th of June.


Details Shortly…

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