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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AUCTION OF VEHICLES: EFCC TO REVIEW COMPLAINTS AGAINST AUCTIONEERS. (PHOTO). #PRESS RELEASE.

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 Auction of Vehicles: EFCC to Review Complaints Against Auctioneers

 

The Economic and Financial Crimes Commission, EFCC, notes with concern the reported unsavoury experiences of some Nigerians who participated in the just concluded public auction of forfeited vehicles conducted by accredited auctioneers on behalf of the Commission.

 

Among the complaints received by the Commission were the inability of some citizens to access the websites of the auctioneers, being shut out from the platforms after submitting bids and outrageous bid prices, among others.

 

Relevant Departments of the Commission monitored the exercise and can confirm that there were glitches. This observation was communicated to the auctioneers for remedial action. The Commission could, however, not directly intervene while the exercise was ongoing because the process had been assigned to duly accredited and licensed auctioneers in line with provisions of Sections 4(a)(b) of the Proceeds of Crime ( Recovery and Management) Act, 2022 and Section 55 of the Public Procurement Act, 2007.

 

The complaints arising from the exercise are rather unfortunate and detracts from the plan of the Commission in settling for online auction which was designed to provide a platform for seamless and transparent participation by millions of Nigerians interested in purchasing the forfeited assets.

 

Without making excuses for the auctioneers, it is possible that the sheer number of participants in the exercise (over 4million) perhaps stretched the carrying capacity of the online facilities of the auctioneers, while unstable internet service in parts of the country exacerbated the challenge.

 

The Commission is currently awaiting the report of the auctioneers and assures that genuine complaints by members of the public will be reviewed to ensure that no one is short-changed in the exercise. Those who follow through the process without glitches and emerged winners will certainly be allocated their vehicles.

 

The Commission’s only interest in the public auction is to ensure that the assets are disposed of in the most transparent manner and the nation gets value for the assets. This cannot be compromised under any circumstance.

 

Comments

  1. Anonymous30 January 2025 at 10:20

    None of them can taste the goodness of Jehovah Almighty as most of those vehicles were nothing but a ripped off from the innocent ones.

    ReplyDelete

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