NIGERIAN MILITARY JET CRASHES IN NIGER. (PHOTO).

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 Nigerian military jet crashes in Niger A Nigerian Air Force (NAF) Alpha Jet has reportedly crashed near Karabonde, Borgu Local Government Area of Niger State, on Saturday evening, December 6. Unconfirmed reports from local sources clam that the two pilots onboard survived the incident after successfully ejecting from the aircraft. A Niger state-based digital television network, Lapai TV, announced the tragic incident  in a post on its official Facebook account on Saturday evening, December 6. The post, accompanied by a one-minute video, read, “Two Nigerian Air Force Pilots Reportedly Survive Alpha Jet Crash Close to Karabonde, Borgu Local Government Area of Niger State”. It was reported that the two pilots successfully ejected before the aircraft went down. Meanwhile, the Nigerian military has yet to make any official statement concerning about the crash as of the time of filing this report.
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HOUSE OF REPS ASKS CBN TO WITHDRAW OLD NAIRA NOTES, RELEASE SUFFICIENT NEW NOTES. (PHOTO).

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 House of Reps Asks CBN To Withdraw Old Naira Notes, Release Sufficient New Notes


Nigerian Lawmakers have urged the Central Bank of Nigeria (CBN) to ensure wide circulation of new notes of N200, N500 and N1000 as well as begin a gradual withdrawal of the old notes from circulation.


This call was made after a motion raised by Adam Victor Ogene (LP, Anambra), demanding that the Central Bank of Nigeria (CBN) should kick-start awareness programmes for Nigerians to be aware and prepare for the deadline of December 31, 2024.


Contributing to the discussion, the Labour Party lawmaker recounted the hardship, frustration, controversy and chaotic situation the implementation of the policy earlier caused in 2023.


He added that the scarcity of the new currency notes led to untold hardship in the nation as a result of the CBN’s inability to supply new versions of the changed currency notes.


"Going by the Supreme Court’s subsequent ruling and order, the N200, N500 and N1000 notes shall cease to be legal tender, medium of exchange for goods and services in Nigeria, and shall also cease to be in circulation as from January 1, 2025,” the lawmaker said. 


In 2022, a controversy erupted in Nigeria after the Central Bank of Nigeria (CBN), under the leadership of then-Governor Godwin Emefiele, announced plans to redesign and introduce new versions of three denominations of banknotes: N200, N500, and N1000.


The existing notes were to remain valid until January 31, 2023. 


The move had sparked widespread debate and discussion across the country.


According to Emefiele, the decision was reached due to persisting concerns around the number of naira notes outside the banking system.

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