‘Military operations affected’ over scarcity of naira note, Ali Ndume raises alarm

  The Chairman, Senate Committee on the Army, Ali Ndume, has raised the alarm that the naira scarcity, occasioned by the naira redesign and the cashless policy of the CBN, is affecting military operations, especially at the battlefield. He told journalists in Maiduguri on Saturday, “Naira redesign and the CBN’s cashless policy are gravely affecting the strategic operations of troops at battlefields across the country. Troops find it difficult to survive at the battlefields because they lack access to cash to buy their daily, basic needs in the remote communities across terrains of insecurity in the country. “Now, a soldier

Civil servants stranded over scarcity of old, new naira note

  The National President, Association of Senior Civil Servants of Nigeria, Tommy Etim, has lamented that some workers have been unable to go to work because they do not have cash for transportation. In an interview with one of our correspondents on Thursday, Etim, who doubles as the Vice-President of the Trade Union Congress, noted that the only condition for the Central Bank of Nigeria’s February 10 deadline to stand was for there to be enough new notes in circulation. He stated, “The policy is a good one but unfortunately, it is not working as planned. Now, it is not

By |February 5th, 2023|Categories: News|Tags: , |0 Comments

Bankers endangered Over Naira Scarcity– Unions

  Meanwhile, as protests and anger continue to spread across the country over the scarce naira notes, coupled with pockets of attacks on banks and their staff members by furious customers, bank workers have expressed concerns over their safety. The President, National Union of Banks, Insurance and Financial Institution Employees, Anthony Abakpa, in an interview with one of our correspondents on Saturday said bankers were stressed due to the situation, noting that their work had become hectic. He added, “Honestly, the situation is hectic, it is not a healthy environment at all. Even as a bank staff and an individual,

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Senator Tofowomo seeks Emiefele’s arrest

  The Senator representing Ondo South, Nicholas Tofowomo, wants the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, arrested for allegedly disobeying a resolution of the Red Chamber of the National Assembly. Senator Tofowomo said Emefiele’s action is the is now causing hardship for the generality of Nigerians. He said: “By now the CBN governor should be in prison for disobeying the Senate and dishonouring its resolution thereby causing naira scarcity. We find it very difficult to have access to cash because Emefiele is lawless and proving very stubborn. “As a sitting Senator, I was in the bank on Friday

By |February 5th, 2023|Categories: News|Tags: |0 Comments

Who told El-Rufai North behind Tinubu, Bafarawa asks

  A former Sokoto State Governor and chieftain of the Peoples Democratic Party, Attahiru Bafarawa, has reacted to the comment by the Kaduna State Governor Nasir El-Rufai that there are no elders left in northern Nigeria. Bafarawa said the comment was an affront to the North and unpleasant for El-Rufai to categorise all as bad eggs. The former governor was reacting to the Kaduna State Governor’s comment in his interview with the BBC. El-Rufai made the comments in his interview with the BBC, claiming there were some elements sabotaging the All Progressives Congress under the guise of new naira notes

Gov Akeredolu swears-in new Chief Judge, four High court Judges

Ondo State Governor, Arakunrin Oluwarotimi Akeredolu,SAN, CON, has sworn-in Hon. Justice Ayedun Olusegun Odusola as the 12th Chief Judge of the State. Hon. Justice Odusola had served as the Acting Chief Judge of the State until his recommendation by the National Judicial Council (NJC) and subsequent appointment by the Governor and approval by the State House of Assembly. The Governor also swore-in Hon. Justice Bolatito Florence Ajibade; Hon. Justice Bankole Jacob Akinwunmi; Hon. Justice Leonard Boyede Ologun and Hon. Justice Femi Sylvester Akinbinnu as new High Court Judges in the State. Governor Akeredolu equally inaugurated Pastor Omofunmile Adejombo; Mrs. Omolola

By |February 4th, 2023|Categories: News|Tags: , |0 Comments

ICPC arrests bank manager over wrapped new naira notes in ATM vault

The Independent Corrupt Practices and Other Related Offences Commission has arrested the manager of a bank in Osogbo, Osun State, for loading the bank's automated teller machines with wrapped new Naira notes, thus preventing the machine from being able to dispense the notes. This was made known via the agency’s Twitter handle on Friday. According to the agency, the team directed that the wrapped new Naira notes be properly loaded so that they could be dispensed properly. “ICPC Compliance Team in Oshogbo has busted an FCMB in Osogbo, Osun State where some ATMs were loaded with cash with their wrappers

By |February 4th, 2023|Categories: News|Tags: |0 Comments

Naira Scarcity: Why CBN governor should be in prison by now — Senator Tofowomo

  Worried by the outrage by Nigerians across the country because of the scarcity of new naira notes, Otunba Nicholas Tofowomo, the Senator representing Ondo South in the Senate has called for the immediate arrest and prosecution of the Governor of Central Bank, Mr Godwin Emefiele for disobeying the resolution of the Nigerian Senate which according to him resulted in the untold hardships being faced by Nigerians over the scarcity of the new naira note. According to Tofowomo, the Senate urged the CBN on January 23, to extend the deadline for the exchange of old naira notes to May 31,

Continue funding varsities, VCs beg TETFUND

The Committee of Vice Chancellors of Nigerian Universities has stated that the Tertiary Education Trust Fund must continue to fund infrastructural development in the universities to address the needs of the huge number of students admitted into the schools. Speaking with Saturday PUNCH, the Chairman of CVCNU, Prof Edoumiekumo Samuel, said, “Let me tell you, even from this moment Cambridge is still building, Cambridge that was established in 1209; they are still building because the infrastructural deficit is a function of the number of student intakes. “If the number of students admitted to universities is increasing, you must also increase

By |February 4th, 2023|Categories: News|Tags: , |0 Comments

EFCC Grills Actress Over Spraying, Stepping On New Naira Notes

Operatives of the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, have commenced investigation of Oluwadarasimi Omoseyin, an actress and cosmetologist, for allegedly tampering with the redesigned Naira notes, an offcence contrary to Section 21 (5) of the Central Bank of Nigeria, CBN Act, 2007. Omoseyin was arrested by operatives of the Independent Corrupt Practices and Other Fraud Related Offences Commission, ICPC, on Wednesday, February 1, 2023 along Awolowo Road, Ikoyi, Lagos, following intelligence report. The 31-year-old was arrested after the video of her spraying and stepping on the newly redesigned Naira notes at a party surfaced

By |February 4th, 2023|Categories: Tips, Education|Tags: , |0 Comments
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