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...

THAILAND ELECTS 'PAETONGTARN SHINAWATRA' AS YOUNGEST-EVER PRIME MINISTER. (PHOTO).


 Thailand Elects Former Leader Thaksin's Daughter, Paetongtarn Shinawatra As Youngest-Ever Prime Minister 


In a surprise move, Thailand's parliament elected Paetongtarn Shinawatra, a newcomer to politics, as the country's youngest-ever prime minister on Friday. 


This sudden development came just a day after she emerged as a key figure in the intense power struggle between Thailand's rival elite factions, catapulting her to the forefront of the country's political scene.


The new Prime Minister who is the 37-year-old daughter of political heavyweight Thaksin Shinawatra sailed through a house vote, Reuters reports.


Paetongtarn Shinawatra secured a landslide victory with 319 votes, accounting for nearly two-thirds of the parliamentary votes. 


Notably, she was absent from the parliament and observed the voting process from her Pheu Thai Party's headquarters. 


As the newly elected Prime Minister, Paetongtarn will become Thailand's second female leader and the third member of the Shinawatra family to hold the position, following in the footsteps of her aunt Yingluck Shinawatra and father Thaksin Shinawatra, the country's most influential and divisive politician. 


The stakes are high for Paetongtarn, as her leadership may determine the legacy and political future of the Shinawatra family, whose populist movement suffered its first electoral defeat in over 20 years last year and was forced to form an unlikely alliance with the military to secure power.


Paetongtarn Shinawatra is poised to confront a multitude of challenges as Thailand's new Prime Minister, including a struggling economy, increasing competition from rival parties, and dwindling popularity for Pheu Thai. 


The party has yet to fulfill its flagship promise of a 500 billion baht ($14.25 billion) cash handout program, which could further erode public trust. With these pressing issues, Paetongtarn's leadership will be tested on multiple fronts, requiring her to address the economic woes, revitalize her party's image, and deliver on its key campaign promises.


Her first public comment on the win was posting on Instagram a picture of her lunch - chicken rice - with the caption: "The first meal after listening to the vote."


SaharaReporters earlier reported that Thailand's Prime Minister Srettha Thavisin was ousted from office following a court ruling that deemed him to have breached the constitution. 


The verdict comes on the heels of a similar ruling last week, where the same court disbanded the influential Move Forward Party, which secured the majority of seats in the previous year's election, and imposed a 10-year political ban on its leaders.

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