NSCDC IMPOUNDS 70,000 LITRES TRUCK OF STOLEN CRUDE OIL IN RIVERS. (PHOTO).

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 NSCDC impounds 70,000 litres truck of stolen crude oil in Rivers Operatives of the Nigeria Security and Civil Defence Corps (NSCDC) have impounded a long-container truck loaded with 70,000 litres of stolen crude oil in Port Harcourt, Rivers State, in a major crackdown on oil theft. The truck, which had an in-built tank for illicit petroleum transport, was intercepted around Eleme junction flyover in Elelenwo following an intelligence tip-off. However, the suspects abandoned the vehicle and fled upon sighting the operatives. Chief Superintendent of Corps, Afolabi Babawale, the NSCDC’s National Public Relations Officer, said the agency remains committed to dismantling oil theft networks in the country. Babawale explained that the operation was carried out by the NSCDC Commandant General’s Special Intelligence Squad. “The truck was sighted while on transit, and our operatives swiftly moved in to impound it. This is a major breakthrough in our ongoing fight against economic sabotage,”...
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OLD NAIRA NOTES REMAIN VALID INDEFINITELY- CBN. (PHOTO).

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 Old naira notes remain valid indefinitely – CBN


The Central Bank of Nigeria has clarified that the old series of N200, N500, and N1,000 banknotes will remain valid indefinitely, refuting claims that the notes would cease to be legal tender by December 31, 2024.


In a statement released on Thursday by The acting Director of Corporate Communications, Sidi Hakama, the CBN emphasised that such reports are false and intended to disrupt the nation’s payment system.


The statement read, “The attention of the Central Bank of Nigeria has been drawn to discussions at different fora suggesting that the old series of the N200, N500, and N1,000 banknotes shall cease to be legal tender on December 31, 2024. We wish to state categorically that such claims are false and calculated to disrupt the country’s payment system.


“For the avoidance of doubt, the order of the Supreme Court of Nigeria on Wednesday, November 29, 2023, granting the prayer of the Attorney-General of the Federation and Minister of Justice to extend the use of old Naira banknotes ad infinitum, subsists.”


The CBN reaffirmed its commitment to ensuring that all Nigerian banknotes, including both the old and redesigned series, remain in circulation.

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