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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HOUSE SPORTS COMMITTEE CONDEMNS BUDGET ALLOCATION FOR AHMADU BELLO STADIUM RENOVATION. (PHOTO).

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 House Sports Committee Condemns Budget Allocation For Ahmadu Bello Stadium Renovation


The Chairman of the House of Representatives Committee on Sports, Hon. Ekene Abubakar Adams, has expressed frustration regarding the budget allocation made by the Minister of Sports, Senator John Owan Enoh, for the renovation and upkeep of the Ahmadu Bello Stadium in Kaduna.


Hon. Adams, representing Chikun/Kajuru Federal Constituency, criticized the decision as the stadium had already been concessioned to Kaduna State by the Federal Government. He accused the Minister of disrespecting the House Committee on Sports and taking their cooperation for granted.


Despite their efforts to maintain a good relationship, Hon. Adams felt that the Minister's actions lacked sincerity, especially in allocating funds for a stadium now under the jurisdiction of Kaduna State. 


“The House Committee on Sports and myself have been very cooperative with the Minister of Sports all these while but it seems he is taking us for granted with some of the things we are seeing so far.


“We decided to accord him the ultimate regard and respect because he is a former legislator but we discovered he is taking us for granted which we find totally unacceptable.


“For example, why should the Minister still allocate money for the renovation and maintenance of the Ahmadu Bello stadium in the 2024 budget after the stadium had been handed over to the Kaduna State Government?


“I think as the Chairman House Committee on Sports, we have tried enough to have a smooth and good understanding with the Minister but he is not being sincere with us,” he maintained.


He emphasized the need for humility and learning from experienced sports technocrats.

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