Management of the CBN, in line with provisions of section 2(b), section 18(a), and section 19(a)(b) of the CBN Act 2007, had duly sought and obtained the approval of President Muhammadu Buhari in writing to redesign, produce, release and circulate new series of N200, N500, and N1,000 banknotes.
The CBN urges Nigerians to support the currency redesign project, which is in the overall interest of every citizen of the country. The hoarding of significant sums of banknotes outside commercial banks’ vaults should not be encouraged by anyone who means well for the country.
CBN had tarried for too long, considering it had to wait 20 years to carry out a redesign. In contrast, the standard practice globally was for central banks to redesign, produce and circulate new local legal tender every five to eight years.
A 36-year-old man identified as Mayowa Dele has been arraigned for allegedly killing his girlfriend and removing her private parts in Lagos.
The incident occurred in the Ijegun area of Lagos State.
It was learnt that Dele was arrested while he was cooking the body parts of the victim, identified as Mercy for a concoction.
Police prosecutor, Thomas Nurudeen, an Assistant Superintendent of Police, told the court that the content of the pot was found to be human parts.
“My Lord, three suspects; Oluwakemi Azeez (20), Oyedegun Adewale (27) and Jejelaye Osusola (22) were also arrested for their alleged involvement in the murder of Mercy.
“Apart from putting some of the body parts in the pot to cook, he also put some inside a cement bag and kept it in his room while the remaining parts were wrapped up in bed sheets and buried in an uncompleted building in the area,” Nurudeen told the court.
The police, however, said they were yet to ascertain the motive behind the murder of Mercy, but added that Dele implicated others during interrogation.
The suspects have been arraigned on murder charges.
However, Magistrate P. E. Nwaka ordered their remand at a correctional centre pending the receipt of legal advice from the Director of Public Prosecutions
An unspecified extensive sort of motorists have been feared abducted along the Lagos-Ibadan expressway on Friday.
The development generated tension along the limited-access highway as numerous cars aborted the trips to their vacation spot and drove withinside the contrary direction.
The incident happened round Dominion University City of Faith, KM 24, Lagos-Ibadan Expressway.
An eyewitness who spoke with our correspondent stated no one ought to verify the range of humans abducted however 3 non-public motors have been affected.
He listed the affected as a Jeep, a Toyota Camry Car and Sedan automobile whose model could not be ascertained.
The eyewitness who become visiting from Lagos to Ibadan stated there has been worry amongst motorists and passengers across the spot.
He stated, “I can verify a few motorists have simply been abducted close to Dominion University, Ibadan. Many cars had to show again however the road is free as I am speaking to you.
“I noticed 3 motors with their doors extensive open and now no longer a single man or woman become determined in the 3 cars and there’s no hint of wherein they ran to.
“One of the vehicles smashed it bonnet at the wall at the same time as the only at the back of jammed it from at the back of however there no signal of accident. We are certain it become a case of kidnap due to the fact the cars have been empty.
“At first, we taught it turned into robbery but if it turned into now no longer. We have to have seen people who have been robbed. There turned into no one on the scene while my car were given there.”
The Ogun State chapter of the Peoples Democratic Party on Tuesday, announced the suspension of its governorship aspirant, Hon. Ladi Adebutu, the acting Chairman, Hon. Taiwo Akinlabi, State Secretary, Hon. Sunday Solarin, state publicity secretary, Mr. Akinloye Bankole, and Ogun East senatorial chairman, Arc. Kayode Adebayo, on the ground that they acted in flagrant disobedience of the subsisting court judgement which produced the current executives of the party, thereby, betraying the terms of settlement entered by the two warring factions in the state.
In a statement made available to newsmen in Abeokuta on Tuesday and co-signed by the Financial Secretary and Assistant State Treasurer of the party, Hon. Bola Odumosu, and Mrs. Akibu Oriyomi (a.k.a Irorun) respectively, the party said the suspended members were found guilty of contravening the terms of settlement entered in the consent judgement that birthed the current executives of the party in the state.
Aside that, they were also speculated to have connived with some individuals within the party to control the delegates’ list used in engaging in the primary election of the party in Ogun State which consequently led to the multiple court judgements nullifying the party’s primary elections in the state; a situation that reportedly led to the party not having candidates for the 2023 general election unless the courts come to the rescue of the party.
The statement partly read, “It is a known fact that the current executives of our party in Ogun State are a product of the consent judgement which was obtained after both parties (Adebutu & Kashamu faction) agreed to the terms of settlement.
Clearly, a part of the judgement indicating security of tenure reads that, ‘The parties agree that persons nominated into positions in the Ogun state executive committee in pursuant to these terms of settlement SHALL NOT be REMOVED or SUSPENDED until the expiration of the term of the current Executive Committee of the PDP in Ogun State in April, 2024.
“To our greatest surprise, some lawless individuals gathered themselves to announce the suspension of members in doing the bid of their paymaster. This is totally against the position of the terms of settlement.
“Also, these bad eggs connived with an aspirant of the party to manipulate the delegates’ list used during the primary elections which led to the nullification of all the elections, leaving our party with no candidates as of now, despite the short period to election.
“This is absurd, senseless and unacceptable. We have never had it this bad in the Ogun PDP. They will soon be cited for contempt of court having acted in flagrant disobedience of existing court judgments and orders.
“In the light of the foregoing and having been found culpable of acts capable of threatening the peace and unity of the party, Hon. Ladi Adebutu, Hon. Taiwo Akinlabi, Hon. Sunday Solarin, Mr. Akinloye Bankole & Arc. Kayode Adebayo are hereby suspended for a period of 30 days. They are to appear before the State Disciplinary Committee of the party to explain why their suspension should not translate to expulsion on or before the expiration of the one-month suspension.”
The CBN has spent N281.07 billion to print bank notes between 2016 and 2020 and another N3.88 billion to destroy mutilated notes within the same period.
Data from the apex bank showed that N33.37 billion had been used to print new notes in 2016, the amount expended increased to N49.52 billion and N64.04 billion 2017 and 2018. By the end of 2019, N75.52 billion had been spent on printing new naira notes as the amount spent declined in 2020 to N58.07 billion.
Within the same five year period, the central bank spent N3.88 billion to destroy N4.197 trillion. N1.44 billion was spent in 2016 to dispose of mutilated naira notes with a value of N829.94 billion. The amount spent however dropped by almost half to N594.62 million spent in 2017 to destroy N977 billion.
The money spent in disposing N814.59 billion rose to N662.21 million in 2018 and declined slightly to N647.82 million that was used to dispose of N814.43 billion. In 2020, N538.59 million had been used to destroy N698.59 billion.
DSP Olusegun Bamidele, a witness withinside the trial of Chidinma Ojukwu, has given testimony in courtroom docket.
Bamidele, the 9th prosecution witness withinside the homicide case of Usifo Ataga, has advised a Lagos High Court sitting in Tafawa Balewa Square how the high suspect Chidinma Ojukwu transferred the sum of N5 million from the Super TV Chief Executive Officer’s financial institution account the day she allegedly stabbed him to death.
Testifying earlier than the High Court on Thursday, Bamidele defined to the courtroom docket how the 300-degree Mass Communication undergraduate of the University of Lagos transferred N5 million from Ataga’s account to any other account on June 15, 2021.
The protection shield of the quick allow provider condominium, Abubakar Mohammed, in which Ataga turned into murdered throughout his proof earlier than the courtroom docket on November 16, 2021, stated that Chidinma left the condo on a Tuesday night, which changed into June 15, 2021, and in no way back there.
The protection protect additionally knowledgeable the courtroom docket that it become on Wednesday, June 16, 2021, that the lifeless frame of Ataga become determined.
Chidinma who’s status trial earlier than Justice Yetunde Adesanya for the alleged homicide of Ataga is likewise charged with stealing and forgery along her sister, Chioma Egbuchu and one Adedapo Quadri.
Chidinma become arraigned along Quadri and Egbuchu on October 12, 2021, on 9 counts of homicide through the Lagos State Government.
Whereas Chidinma and Quadri are going through the primary to 8 counts bordering on conspiracy, homicide, stabbing, forgery, making of financial institution statements and stealing, Egbuchu is going through the 9th rely of receiving a stolen iPhone 7 belonging to the overdue Super TV CEO.
According to the expenses in opposition to them, Chidinma and Quadri have been imagined to have conspired and murdered Ataga on June 15, 2021, through stabbing him numerous instances with a knife withinside the neck and chest.
On Thursday, the Deputy Director of Public Prosecutions (DDPP), Mrs Adenike Oluwafemi, on the resumed listening to of the case informed the courtroom docket that the problem become for continuation of trial.
During the continuation of the trial, Bamidele who had now no longer completed giving proof changed into ushered into the witness container in the course of which the DPP, Oluwafemi requested for showcase P11, that’s the Access Bank Statement of Ataga.
She requested the witness to inform the courtroom docket why he had the financial institution statements of the deceased.
Responding, Bamidele informed the courtroom docket that in the path of the research and in a bid to recognize what should have influenced the primary defendant (Chidinma) to kill the Super TV CEO, the police wrote Access Bank requesting the financial institution assertion of the deceased and a replica turned into given to them.
Bamidele in addition defined that from a near have a take a observe the copies of the financial institution statements coupled with the reality that the telephones of the deceased have been already withinside the ownership of the primary defendant, who have been on top of things of the account, it turned into located that on June 15, 2021, the primary defendant used the deceased’s telecellsmartphone to switch N5 million from his account to some other financial institution.
Continuing, the witness stated, “On June 16, 2021, 4 transactions of N20,000 had been crafted from the deceased’s account and on June 17, any other withdrawal of N20,000 become made 5 instances and the comments have been ‘switch among customers’.
“On the equal June 16, N50,000 became transferred to Nkechi Mogbo, any other N11,2 hundred of the fund become additionally transferred to Caprical Capital, at the equal June 16, some other N50,000 turned into transferred from Ataga’s account to Mogbo and every other N93,000 transferred from Ataga’s GTBank to his Access Bank account. A switch of N110,000.seventy five changed into debited from the deceased’s account on June 18, 2021.
“On June 19, 2021, a switch of N20,000 turned into made 4 instances on that identical day every other switch of N20,000 changed into made 5 instances and it became via the us code.”
Bamidele similarly defined they wrote to GTBank to get Ataga’s assertion of account, and that on June 13, 2021, there has been a web switch of N10,000 to Chidinma, any other N105,000 became additionally transferred to Chidinma at the identical day for price of the quick allow provider condominium, paid to Nkechi Mogbo, the proprietor of the rental.
“On that identical June 13, there has been N13,000 buy transaction at Ango Villa, N14,two hundred transaction for buy at Dwine Bar global, at the identical June 13, there has been a switch of N20,399.
“On June 14, 2021, there has been N21,000 switch from Ataga’s account to Chidinma’s account and some other switch of N15,000 paid to Chidinma, there has been a N5,000 transaction that become made on June 14 and paid to Adiba Online choppy.”
It became collected that once the prosecution sought to confess the written statements of the defendants, Chidinma’s recommend, Onwuka Egwu, objected to the admissibility of the record and argued that the primary defendant (Chidinma) did now no longer make the statements voluntarily.
The legal professional stated the statements have been received through oppression, inducement, intimidation and beneathneath duress and consequently prayed the courtroom docket to check the veracity of the voluntariness of the statements.
Meanwhile, the suggest for the second one defendant, Babatunde Busari, did now no longer object, and the recommend for the 0.33 defendant, Miss M. A. Abia-Bassey additionally did now no longer object.
But the prosecutor prayed the courtroom docket to behavior a tribulation in the trial for Chidinma.
After paying attention to each parties, Justice Adesanya adjourned the case to November 8, for trial in the trial.
The United Bank for Africa has announced it will open on Saturdays for customers to deposit their existing naira notes as the Central Bank of Nigeria prepares to introduce rebranded notes in December 2022.
Recall that it was announced by Central Bank of Nigeria of its plan to introduce redesigned naira notes by December 15.
As a result, UBA has encouraged its customers to deposit the current naira notes to the bank before it becomes banned in January 2023.
“On 26th October 2022, CBN announced the introduction of new Naira notes, which will come into circulation on December 15th 2022, whilst existing Naira notes will remain legal tender until January 2023,” the circular read. Instructing customers, UBA said, “start depositing your existing naira notes into a UBA branch closest to you.
“Don’t panic, we are adjusting our branch opening hours for your convenience. We will open Saturday (Cash deposit only) from 10 am to 2 pm.
“Zero charges will apply for all cash deposits. Have your debit card handy for payments on POS terminals.” “If you do not have a digital channel, please download the New UBA Mobile app from your App Store or access one of our other channels – Leo, Internet
Banking, *919 for your transactions. “Remember, present notes can still be used for the purchase of goods and services until the cut-off date in January.”
A yet-to-be diagnosed suspected net fraudster, popularly acknowledged as “Yahoo Boy”, has been accused of killing and burying his female friend in a shallow grave in his room.
A video making the rounds on line captured the chaotic second while citizens of the location accumulated on the scene of the incident to examine the shallow grave after it became uncovered.
In the viral clip, a number of the citizens who trooped out of their numbers expressed anger and soreness on the sight.
Although the precise area of the incident is unknown, a social media consumer who shared the video on-line entreated girls to be cautious.
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Abdulrasheed Bawa on October 27, 2022, provided an estimate of N41,120,071,521.seventy five (Forty One Billion, One Hundred and Twenty Million, Seventy One Thousand, Five Hundred and Twenty One Naira, Seventy Five Kobo) as its price range for the 12 months 2023.
He defined that the thought comprise the sum of N36,834,903,804.seventy five (Thirty Six billion, Eight Hundred and Thirty Four million, Nine Hundred and Three Thousand, Eight Hundred and Four Naira, Seventy Five Kobo) handiest as Personnel cost; even as the sum of N3,835,460,631.00 (Three Billion, Eight Hundred and Thirty Five Million, Four Hundred and Sixty Thousand, Six Hundred and Thirty One Naira) and N530,707,086.00 (Five Hundred and Thirty Million, Seven Hundred and Seven Thousand, Eighty Six Naira) constitute the Overhead and Capital vote component.
According to him, the 2023 estimate of N41,120,071,521.seventy five is barely decrease than the N43,696,381,562.forty six appropriation for 2022. He, however, disclosed that best 53% of the appropriation have been launched as at August 31, 2022, with the price range overall performance positioned at 83.35% of the overall releases.
Highlighting the Commission’s overall performance in 2022, Bawa disclosed that the EFCC recorded a complete of 2,847 convictions as at October 21, 2022. The figure, he stated, is better than the 2,220 convictions recorded via way of means of the Commission in 2021.
Commenting at the Commission’s overall performance, the Chair of the Committee, Senator Suleiman Abdul Kwari lauded the reforms withinside the Commission. He stated he changed into pleasantly amazed to find out the lifestyles of a Petitions Vetting Committee which examines each petition to decide their relevance to the mandate of the EFCC. He defined that certainly considered one among his parts who had petitioned the Commission currently were given a respond from the committee, explaining why his petition couldn’t be treated. This, to him, validated sensitivity and dedication to service.
The Joint Border Patrol Team (JBPT) Sector three of the Nigeria Customs Service has been ambushed alongside Sinau-Kenu street in Baruten LGA of Kwara State.
The organization of hoodlums shot sporadically and pelted the Personnel with different risky gadgets at the same time as in transit having evacuated a few deserted thirty jerry cans of PMS and 40 luggage of rice.
However, one of the Officers paid the ideal charge at the same time as 3 others, maintain diverse various levels of harm and are being dealt with in an undisclosed hospital.
According to the Press Release signed via way of means of the Nigeria Customs Service Public Relations Officer Kwara Command, Chado Zakari, the deceased, ASCI Saheed Aweda has been buried in step with Islamic rites in his domestic town, Popogbona in Ilorin West Local Government of Kwara State.
He stated Comptroller Olugboyega Peters, Representatives of DSS, NPF, ONSA, NIA, Immigration and different safety companies have visited the own circle of relatives of the deceased to commiserate with them and prayed for the deceased officer whose sacrifice is deeply liked and held in excessive esteem.
Meanwhile, the Coordinator Joint Border Patrol Team (JBPT) Compt. Olugboyega Peters has ordered a full-scale research to fish out the criminals who perpetuated the inhuman aggression. “This fashion of unprovoked assaults through faceless cowards whose purpose is to instil worry withinside the minds of regulation enforcement operatives shall now no longer move unpunished. Neither will it hose down the solve of officials and guys from wearing out their statutory functions.” The Release additionally reads.
While thanking the intervention and reinforcements from JBPT Headquarters Team, JBPT Ilesha Baruba, Kwara Command, Customs Police and 224 Recce Battalion of the Nigeria Army for fast action, he states that the Sector will keep to prosecute the anti-smuggling campaign regardless of the unwarranted assaults.
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