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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NEW YORK CITY ENDS CONTROVERSIAL FOOD VOUCHER PROGRAM FOR MIGRANTS.(PHOTO).

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New York City Ends Controversial Food Voucher Program for Migrants


New York City Mayor Eric Adams announced the end of the migrant voucher program after a phone call with President-elect Donald Trump

48 hours after his victory.


New York City has announced it will end its program of providing food vouchers to migrants, a decision that concludes a controversial initiative frequently criticized by conservatives and other groups.

Under the pilot program, asylum seekers staying in hotels converted into shelters received preloaded Mastercards, providing about $350 per week for a family of four to cover groceries and baby supplies.

The city awarded a $53 million one-year “emergency” contract to New Jersey-based tech startup Mobility Capital Finance, bypassing the usual competitive bidding process, a decision that sparked significant backlash.

“As we move towards more competitive contracting for asylum seeker programs, we have chosen not to renew the emergency contract for this pilot program once the one-year term concludes,” Mayor Eric Adams’s Office said in a statement.

The city launched the program in late March, following a contract signed two months prior. Since then, it has distributed $3.2 million in prepaid debit cards to around 2,600 migrant families to help cover food expenses.

The program aimed to reduce costs and food waste related to the city’s boxed meal delivery service, as much of the pre-packaged food was reportedly scrapped. By allowing migrants to choose their own groceries, it helped reduce waste.

Conservative commentators and some elected officials criticized the initiative, suggesting it was prone to waste, fraud, and abuse. However, City Hall spokesperson Fowler stated that no such issues emerged.

In fact, according to city officials, the debit cards can only be used at groceries, convenience stores and bodegas, and do not work at other businesses; families receiving assistance must sign affidavits committing to using the cards exclusively for their intended purpose, with violators facing the possibility of having their cards revoked.

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