The Supreme Court has restrained the Federal Government from implementing the February 10 Deadline of the old 200, 500 and 1000 naira notes to stop being legal tender. Three northern states — Kaduna, Kogi and Zamfara — had in a motion ex-parte filed on February 3rd, prayed the apex court to halt the Central Bank of Nigeria (CBN) naira redesign policy. A seven-man panel of the Supreme Court led by Justice John Okoro, in a unanimous ruling, granted an interim injunction restraining the FG, CBN, commercial banks etc from implementing the February 10, deadline for the old 200, 500 and…
Author: meridianspy
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has found N258 million hidden in a bank’s vaults despite the persistent lack of cash in the nation. Azuka Ogugua, spokesperson of the anti-graft agency, disclosed thatbthe money, all new naira notes, was found in the vault of the Abuja head office of Sterling Bank. “Operatives of ICPC discovered the sum of Two Hundred and Fifty-Eight Million Naira (N258m) stashed in the vault at the head office of Sterling Bank in Abuja,” she said. According to Oguagua, investigation showed that the money was released by the Central Bank of Nigeria (CBN) for distribution. Also Raed: CBN assures INEC of Cash Availability for Logistic during Polls “The team…
Barely three weeks after similar attack, the National spokesman for the Coalition of United Political Parties, Comrade Ikenga Ugochinyere, on Tuesday raised the alarm that gunmen have launched another deadly attack on him in his country home of Akokwa, Ideato North Local Government Area of Imo State. Ugochinyere who is the Candidate of Peoples Democratic Party,PDP for the Ideato North and Ideato South federal constituency in the forthcoming general elections raised the alarm in an urgent message he sent out on a WhatsApp to news men on Tuesday that another attack was taking place in his house. The WhatsApp message…
Turkey-Syria Quake: Death toll passes 10,000 as Rescuers dig through Rubble for Survivor The death toll of a devastating earthquake in southern Turkey and Syria jumped to more than 9,800 people on Tuesday as rescuers worked against time in harsh winter conditions to dig survivors out of the rubble of collapsed buildings. As the scale of the disaster became ever more apparent, the death toll looked likely to rise considerably. One U.N. official said thousands of children may have died. Turkish President Tayyip Erdogan declared a state of emergency in 10 provinces. But residents in several damaged Turkish cities…
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has assured Mahmood Yakubu, chairperson of the Independent National Electoral Commission (INEC), and Nigerians that there will be adequate cash for transaction for election logistics during the forth coming February 25 Presidential polls. Emefiele spoke on Tuesday during a meeting with INEC Chairman at the CBN headquarters in Abuja amid concerns over the current naira scarcity. In his speech, Yakubu said while service providers needed for elections are generally paid by electronic transfer, there are critical areas such as transportation and emergency situations where cash payments will be required. Also…
With the scarcity of new Naira notes and fuel unabated in many parts of the country, the All Progressives Congress Presidential Candidate, Asiwaju Bola Ahmed Tinubu, has once again argued Nigerians to remain calm as the government and relevant agencies continue to work out solutions. Speaking in a meeting with stakeholders in Abuja on Tuesday, Tinubu said he sympathises with the people especially the downtrodden who have been made to bear the brunt of the new naira policy by the Central Bank of Nigeria (CBN) and irregular supply of petrol that have combined to inflict avoidable pains on the masses.…
A group of civil society groups in Delta state, yesterday protested against series of unaccounted loans, mostly the recent N120b secured by Governor Ifeanyi Okowa. The group barricaded the Agbarho axis of the ever busy East-West Road insisting the outgoing governor had an agenda to milk the state dry for his Vice Presidential ambition. Staging the peaceful protest under the aegis Coalition of Civil Society, the protesters, including students as well as Agbarho community indigenes in Okpe Council area, took to the major expressway that transversed the community at about 10am, forcing a hitch on vehicular movements on the high…
International football player, Christian Atsu, has been found alive following Monday’s earthquake in southern Turkey, Ghana Football Association revealed on Tuesday. In a tweet via the football association’s official handle, the football star is currently in a hospital receiving treatment. Moreso, they asked friends and fans of the footballer to pray for him. The tweet read, “Update: We’ve received some positive news that Christian Atsu has been successfully rescued from the rubble of the collapsed building and is receiving treatment. Let’s continue to pray for Christian.” Also Read: Turkey Earthquake: Nigerian students undergoing Post-trauma analysis Update: We’ve received some positive…
The National Bureau of Statistics (NBS) has said the Nigerian Postal Service raked in N3.63 billion in 2021. The collection dipped by 22.79 percent compared to the revenue it earned in 2020, according to the document titled: ” Nigerian Domestic and Foreign Debt Q3 2022.” Also Read: Naira Redesign, Fuel Scarcity could escalate tension ahead of polls – World Bank The data said in 2021, it was lower than the revenue in 2020 by 22.79%.” The NBS said EMS/Speed Post generated the highest income with N1.27billion, representing 35.14% of the total revenue generated for the year. It added this was…
No fewer than 10 persons were feared killed on Monday in a renewed communal crisis between Anaku and Omor communities in Ayamelum Local Government Area of Anambra State. The reason for the current crisis was yet to be ascertained at press time but sources said there have been lingering crisis between the two communities in the recent past. Also Read: Imo lawyers, Judges boycott Courts over Magistrate’s Murder When contacted, the State Police Spokesperson, DSP Tochukwu Ikenga, said there has been the heavy deployment of a joint task force team which comprises Police and military around the communities. “I don’t…
The Zamfara sector commander of the Federal Road Safety Corps (FRSC) says it will screen vehicles for election duties to ensure safe and timely delivery of election materials across the state. The Sector Commander, Iro Danladi, made this known in an interview in Gusau on Monday. He said that safe and timely delivery of election materials was imperative to the conduct of free, fair and credible elections in the country. “We will make sure no vehicle with any mechanical problem is engaged to carry either election materials or personnel. “And all the drivers will be equally tested to prove their…
The National Association of Nigerian Students in Turkey has said that Nigerian students who were traumatised as a result of the Monday 7.8 magnitude earthquake that hit the country have been taken in by Turkish officials for post-trauma analysis. The earthquake, which has so far claimed thousands of lives, brought down whole apartment blocks in Turkish cities and plied more devastation on millions of Syrians displaced by years of war. The president of NANS Turkish zone, Yakubu Sabo, who spoke with our correspondent on Tuesday, said some Nigerian students were traumatised and were undergoing post-trauma analysis, adding that they would…