Connect with us

Politics

CBN: Old Naira notes no more legal tender

Latest Politics updatein nigeria

The Central Bank of nigeria (CBN) has declared that the old N200, N500 and N1000 have ceased being legal tender since February 10, 2023. CBN had originally fixed January 31 as deadline for old notes to be in circulation but extended it in response to pressure from Nigerians. However, before the February 10 deadline, Kogi, […]
The post CBN: Old Naira notes no more legal tender appeared first on Daily Trust.

The Central Bank of nigeria (CBN) has declared that the old N200, N500 and N1000 have ceased being legal tender since February 10, 2023.

CBN had originally fixed January 31 as deadline for old notes to be in circulation but extended it in response to pressure from Nigerians.

However, before the February 10 deadline, Kogi, Kaduna and Zamfara States approached the Supreme Court, seeking that the CBN from be restrained going ahead with the deadline.

The Court answered their prayer and adjourned the case till February 15.

Naira Scarcity: Emefiele is the most controversial CBN Gov in History – Ex-Minister

Despite Supreme Court order, Nigerians reject old Naira notes

However, there has been silence on the part of the apex bank since the court gave its ruling.

The silence threw Nigerians into confusion on the state of the old notes, which were widely rejected but accepted in some places.

Commenting on the development in a chat with journalists, CBN Branch Controller in Bauchi, Haladu Idris Andaza, said the old notes were no longer legal tender.

“In the last 24 hours, we have been inundated by questions from various angles of the general public about our operational guidelines on the old currency notes, be that as it may, there are so many questions here and there which people have been asking about.”

“So for the avoidance of doubt, we wish to state categorically that CBN is ready and is opened to receive all of those old notes based on certain conditions and criteria. Customers are free to come to the Bank and deposit which they cannot do at the Commercial Banks anymore because the currency has seized to be a legal tender since the 10th of this month.

“Consequently, the management of the CBN decided that those customers will have a sigh of relief by coming to the offices of the CBN in all the 36 states in the Federation including FCT to deposit their money.

“The customer has to go to the CBN portal and fill a form in the portal, there will be a form there concerning this currency redesign and exchange. After filling the form, you generate a code, you either print it or come with it in your mobile phone, give us the code and the information contained therein. In the form, you are expected to provide all the basic information about yourself, your account details and the amount you want to deposit.”

“By the time you have done it correctly, you come to the CBN where the code will be accepted from you as well as the money, process and confirm the genuineness or otherwise of the money to avoid receiving fake notes because there are some fake notes in circulation now.”

The post CBN: Old Naira notes no more legal tender appeared first on Daily Trust.

Politics

BREAKING: APC Suspends Ganduje – 365 News

Latest Politics updatein nigeria

Lifestyle Nigeria gathered that the All Progressives Congress (APC) in Ganduje Ward of Dawakin Tofa local government area of Kano State has suspended the party’s National Chairman, Dr. Abdullahi Umar Ganduje, from the party.

The announcement was made by the ward’s legal adviser, Halliru Gwanzo, who addressed journalists in Kano on Monday.

Gwanzo cited allegations of bribery against Ganduje by the Kano State Government as the reason for the suspension.

“We decided to suspend Dr. Ganduje from the party due to the seriousness of the allegations against him,” Gwanzo stated.

He said the suspension subsists until he clears himself from the allegations.

Details Later…

Continue Reading

Politics

Coastal Highway Dispute: Obi Calls Out Umahi to Substantiate Allegations

Latest Politics updatein nigeria

Peter-Obi-and-Dave-Umahi

The 2023 presidential candidate of the Labour Party, Peter Obi, has addressed what he calls the “distortion of facts” surrounding his actions and statements during his tenure as governor of Anambra State, particularly concerning the ongoing demolitions for the construction of the Lagos-Calabar coastal super highway.

In a statement on Thursday via his X account, Obi stated, “I aim to address these issues directly, devoid of political rhetoric, to ensure clarity for all. Let me be unequivocal: during my governorship, I made it abundantly clear that all structures obstructing existing roads and lacking approval would be removed.”

Referring to a circulated Update, Obi clarified, “The circulated Update clearly stated this, and I only initiated removal when construction had already commenced. Any insinuation otherwise is a blatant misrepresentation of the truth.”

He challenged critics, saying, “I challenge anyone to verify and show me where the demolished structures on existing roads or ongoing businesses were not encroaching on the road and built without government approval while I served as governor.”

Obi cited the demolition of the Onitsha North local government headquarters situated on the only existing stadium.

“I decisively demolished the Onitsha North local government headquarters situated on the only existing stadium, relocated, and built a brand new structure for the local government office away from the stadium,” he explained.

He further detailed his actions as aimed at restoring the stadium to its original purpose and honouring Nigerian sports heroes.

“This action was necessary to restore the stadium to its original purpose as a sporting facility for the people. Subsequently, the stadium was rightfully named after the first owner of the first football club figure in Nigerian sports, Chuba Ikpeazu, as a tribute to our commitment to honouring our heroes,” Obi stated.

Continue Reading

Politics

Akpabio: No Nigerian Will Work Under Inhuman Conditions Again

Latest Politics updatein nigeria

Akpabio

The Senate President, Godswill Akpabio, has assured Nigerian workers that the National Assembly and the executive arm of government would work collaboratively to give them a living wage and better working conditions.

The Senate President declared that “No Nigerian worker will again be allowed to work under inhuman conditions. We will do everything to give you the best because you deserve the best.”

He made the declaration in a statement on Wednesday by his Special Adviser on Media and Publicity, Eseme Eyiboh, to congratulate the workers as they commemorate the 2024 May Day.

Akpabio, in the message, extolled the sterling qualities that stood out to the Nigerian workers, saying, “A Nigerian worker is noted for his patriotism, hard work, resilience, and dedication to duty.

“I am happy to be associated with the Nigerian workers in the last more than 25 years and I can attest to the fact that everywhere you go, the Nigerian worker’s spirit resonates profoundly.”

Speaking on this year’s theme for Workers’ Day, “Ensuring safety and health at work in a changing climate,” Akpabio promised that the National Assembly under his leadership was more than committed to ensuring the best working conditions for the Nigerian workers.

The Senate President reiterated that the theme for this year’s celebration was apt and in tune with the international best practices, assuring that nigeria would not be left behind.

Continue Reading

Most Popular