A Federal High Court, sitting in Maiduguri, Borno State on Tuesday, March 14, 2023 heard how a former minister of power, Mohammed Wakil and others shared a sum of N450million meant to influence the outcome of the 2015 presidential election in Borno State. The Maiduguri Zonal Command of the Economic and Financial Crimes Commission, EFCC,...
The Central Bank of Nigeria (CBN) on Monday said old N200, N500, N1,000 banknotes remain legal tender till December 31, 2023. The apex bank’s Acting Director of Corporate Communications, Isa AbdulMumin disclosed this in a statement on Monday. This is coming 10 days after the Supreme Court ruled that old naira notes should co-exist with...
In light of recent incidents of attacks across our business locations, the Management of Ibadan, Electricity Distribution Company (IBEDC) Plc would like to appeal to the public to refrain from engaging in such acts of violence against its employees and facilities. A statement signed by the Managing Director of the company, Engr. Kinsley Achife said...
The Central Bank of Nigeria (CBN) has created a portal for the deposit of old naira notes. The bank published a notification titled ‘redemption of currency’ during a Wednesday check on the apex bank’s website. According to the CBN, Nigerians can redeem their old N1,000, N500, and N200 notes by completing an online form. The...
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to release old N200 notes into circulation to co-exist with the new N200, N500 and N1,000 banknotes for 60 days. The President, who made this known in a nationwide broadcast on Thursday, directed the CBN to allow the new notes available to all citizens....
Ogun State Governor, Prince Dapo Abiodun, has reiterated his warning that the state government will clamp down on banks and businesses rejecting the old naira notes. Explaining that part of the measures being considered may include getting security agencies to arrest anyone who refuses to accept old Naira notes, the Governor said the directive became...
The presidential candidate of the All Progressives Congress (APC), Bola Tinubu has asked the Central Bank of Nigeria (CBN) to allow old and new N200, N500 and N1,000 notes to co-exist as legal tenders for the next 12 months. The APC flag bearer also asked the apex bank to suspend all charges associated with online...
An Igala Chief, George Kadiri, who stood surety for James Nolan, the Briton at the centre of the ongoing $9.6bn Process and Industrial Development Scam trial, has until March 7, 2023 to show cause why his N100,000,000 bail bond should not be forfeited to the Federal Government. Justice Obiora Egwuatu of a Federal High Court...
The Ibadan Electricity Distribution Company (IBEDC) says it plans to invest N14 billion in technical infrastructure to reposition its business operations and provide electricity to underserviced communities The Managing Director of IBEDC, Mr Kingsley Achife, said this in an interview with the News Agency of Nigeria on Friday in Ibadan. Achife said that the N14...
An engagement forum organised for party Legislative candidates in Ogun Central by the Egba Economic Summit (EES) holds on Tuesday, 31st January, 2023 at the Centenary Hall, Abeokuta beginning from 10 in the morning. A release signed by the Vice President of the body, Mr Chris Oluyinka Coker enjoined all party candidates, patriotic and knowledge...
