As part of a coordinated effort to ease circulation of banknotes of various denominations, the Central Bank of Nigeria (CBN) on Friday directed all commercial banks to open for operation on Saturdays and Sundays. The Informant247 gathered the apex bank also confirmed the evacuation of banknotes from its vaults to commercial banks across the country….
Babajide Sanwo-Olu, the Lagos State Governor, has called on residents, business owners, and especially retailers to accept the old N500 and N1,000 notes – in line with the Supreme Court judgement which ruled that the currency remains legal tender until December 31, 2023. Sanwo-Olu made the call in Sunday in a statement by the Commissioner…
The Nigeria Security and Civil Defence Corps (NSCDC) says it will continue to arrest and prosecute those involved in producing and circulating fake redesigned naira notes. Ahmed Audi, the commandant-general of the corps, while addressing the newsmen on Sunday in Abuja, said that the number of cases of circulation of fake naira notes had become…
Chukwuma Soludo, the Anambra State Governor has ordered commercial banks in the State to dispense old notes and receive same as deposits from customers, while warning that any defaulting bank would be shut down immediately. According to a statement by the Governor, the order followed directive by the Central Bank of Nigeria (CBN) at a…
Godwin Emefiele, the Governor, Central Bank of Nigeria (CBN), has denied the allegations that he had launched a fresh plot against the president-elect, Asiwaju Bola Ahmed Tinubu, while attributing such a news story which was published in today’s edition of The Nation newspaper as fake. In a statement signed by the Acting Director Corporate Communication,…
The Arewa Consultative Forum (ACF) has warned President Muhammadu Buhari on his continuous silence and disobedience to the Supreme Court ruling on the use of the old naira notes, saying it could lead to the breakdown of law and order. Murtala Aliyu, ACF’s Secretary-General, made this known as he agreed with the governors of Kaduna,…
The Supreme Court on Friday ordered that the old N1000, N500 and N200 notes should remain legal tender until December 31, 2023. The apex court, in a unanimous decision by a seven-member panel of Justices, held that the old banknotes should remain valid legal tenders until December 31. It fault the directive issued by President…
The Central Bank of Nigeria (CBN), says it has released more N200 notes to banks to dispense to members of the public, while silent on how much of the N200 banknotes it released. It was gathered that, most of the N200 released to the banks are old mutilated notes collected from the public at the…
The Police in Ogun State have arrested no fewer than 27 suspects for their involvement in the pandemonium that broke out in Sagamu on Monday morning. The Police Public Relations Officer in the state, SP Abimbola Oyeyemi, disclosed this on Monday, a few hours after the violence, which led to the destruction of two banks,…
The Akwa Ibom State Police Command says it has arrested 15 persons over alleged vandalisation of banks in Oron Local Government Area of the state. SP Odiko MacDon, the Police Public Relations Officer in the state, disclosed this to newsmen on Sunday. He said, “We received information that some banks were attacked in Oron local…
The Chartered Institute of Bankers of Nigeria (CIBN) on Saturday said it was liaising with the Body of Banks CEOs to address the current challenges caused by the scarcity of the redesigned banknotes. The president,/chairman of council, CIBN, Ken Opara disclosed this in a statement on Saturday in Lagos, saying the banks would remain open…
The Muslim Rights Concern (MURIC), on Saturday appealed to President Muhammadu Buhari to intervene in the Central Bank of Nigeria’s (CBN) Naira redesign policy. The group’s Director, Prof. Ishaq Akintola, made the appeal in a statement in Lagos, while urging the president to abide by the Supreme Court’s pronouncement on the naira note swap. This…
The Conference of Nigeria Political Parties (CNPP) has berated the Kaduna State Governor, Mallam Nasir El-Rufai and other governors of the All Progressives Congress (APC), saying they are desperate to buy votes ahead of the forthcoming general election. This is coming less than two days after El-Rufai addressed the people of Kaduna State amid the…
A First Bank in Churchill and Keystone Bank along Aggrey Road in the old Port Harcourt Township was on Friday vandalized when the hoodlums hijacked a protest against cash scarcity. The Informant247 gathered that customers on Thursday attacked the First City Monument Bank (FCMB) at Rumuokoro in Obio/Akpor forcing the institution to close down on…
The Presidential Campaign Council of the All Progressives Congress has described as fake a publication the party’s flag bearer, Asiwaju Bola Ahmed Tinubu asked APC Governors to ignore President Muhammadu Buhari’s broadcast, by enforcing the Supreme Court ruling on the recirculation of old naira notes. In a statement released by its Director, Media and Publicity,…
The Lagos State Governor, Babajide Sanwo-Olu on Friday appealed to Lagosians to avoid protests over the cash swap policy, saying the government was working to ease the sufferings occasioned by the rejection of old notes and scarcity of new notes in the State. Sanwo-Olu told aggrieved protesters to allow the Supreme Court rule on the…
Angry protesters on Friday blocked the Benin-Ore-Lagos highway in Odigbo local government area over the scarcity of new naira notes, lamenting that no bank in Ondo State has been paying out money since Wednesday. The Informant247 gathered that large crowd was seen in several ATM points in Akure, the state capital, saying no cash was…
The Jigawa State Government on Thursday vowed to enforce the Supreme Court order restraining the Federal government from banning the old naira notes as legal tender. The Informant247 reports that President Buhari had on Thursday said that old ₦500 and ₦1000 notes are no longer legal tender in the country, directing the CBN to release…
Following president Muhammadu Buhari’s order to allow the old N200 note to remain legal tender for 60 more, the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has met with operators of commercial banks, instructing them to start implementation of the presidential instruction Emefiele, who was at the presidential villa on Thursday afternoon for a…
…says it is mere crocodile tears The Kwara State chapter of the All Progressives Congress (APC), has berated the former Senate President Abubakar Bukola Saraki and his PDP sidekicks on what they called crocodile tears from the state opposition over the naira redesign crisis. In a statement released on Thursday by the APC Public Relations…
