KATSINA WOMAN REWARDED WITH N500, 000 FOR DISPLAY OF HONESTY. (PHOTO).

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 Katsina woman rewarded with N500,000 for display of honesty A woman identified as Malama Amina Abdulkadir-Yanmaman has been rewarded with N500,000 and certificate of commendation for returning N748,320 wrongly credited to her account to the coffers of Katsina state government. Abdulkadir-Yanmaman was wrongly credited with N748,320 meant for the Federal Government’s Home Grown School feeding programme in the state, according to Executive Director, Katsina State Social Investment Programme Agency (KASIPA), Dr Mudassir Nasir. Nasir presented the reward to Abdulkadir-Yanmaman on behalf of Katsina State government. “She told us that she received alert with a narration titled payment for vendors who were providing primary school pupils with free food. “The woman decided to come to our office because she was not on the register for vendors who provide food for our pupils and she was not part of such a programme. “We requested for her bank statement and the office of the auditor-general v...
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SENATE: BILL TO BAN THE USE OF FOREIGN CURRENCIES IN NIGERIA PASSES FIRST READING. (PHOTO).

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 Senate Bill to Ban Use of Foreign Currencies in Nigeria Passes First Reading


A bill aimed at banning the use of foreign currencies in Nigeria has passed its first reading in the Senate. The bill, titled "A Bill for an Act to Alter the Central Bank of Nigeria Act, 2007, No. 7, to Prohibit the Use of Foreign Currencies for Remuneration and Other Related Matters," was introduced by Senator Ned Nwoko, Chairman of the Senate Committee on Reparations and Repatriation.


The proposed legislation seeks to mandate that all payments, including salaries and other transactions, be conducted using the local currency, the naira. Senator Nwoko argued that the widespread use of foreign currencies in Nigeria undermines the naira’s value and exacerbates the country's economic challenges. He also described the reliance on currencies such as the Dollar and Pound Sterling as a colonial legacy that continues to hinder Nigeria’s economic independence.

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