Counterfeit notes worth N365.24 million were discovered and seized by the Central Bank of Nigeria (CBN) between 2016 and 2020, collated from the annual report for each year published on its website. The figures break down as follows: 2016 – N51.45 million 2017 – N93.43 million 2018 – N98.82 million 2019 – N64.71 million 2020 – N56.83 million “To maintain the integrity of the banknotes in circulation, the Department, in collaboration with DMBs, Bankers Warehouse Pls and security agencies, continued to intensify its efforts at mitigating the incidences of counterfeiting during the period under review,” the report said, per The…
Author: Victor Fola
President-elect, Bola Ahmed Tinubu has called out the Peoples Democratic Party presidential flagbearer, Atiku Abubakar for constituting nuisance on the streets of Abuja in the guise of protest at the Independent National Electoral Commission. Atiku, had in a press conference, expressed dissatisfaction at the election results announced by INEC that led to the declaration of Bola Ahmed Tinubu as the president-elect after polling the highest number of votes. The PDP flagbearer had said he was going to challenge the result in court. Atiku, however, on Monday along with a motley of party supporters took to the streets of Abuja in…
President-elect Bola Tinubu, has condemned the attacks that took place during the weekend in Zamfara and Kano states. Recall that a divisional police officer, an inspector and a vigilante were reportedly killed during the attack in Maru Local Government of Zamfara State. Similarly in the Kano raid, unknown gunmen broke into the residence of a village head and killed him in cold blood. In a statement issued by the media office of the president-elect on Monday, Tinubu lamented that the attacks were a reminder that more needs to be done in terms of security to completely defeat bandits and terrorists.…
Nigeria’s Popular businessman, Pascal Okechukwu aka Cubana Chief Priest has endorsed Babajide Sanwo-Olu for a second term as Governor of Lagos state. The celebrity barman, said Sanwoolu has the capacity to steer the affairs of the metropolitan city. Cubana usually refers to himself as ‘Segun of Lagos’ urged the resident to give Sanwo-Olu of the All Progressives Congress(APC) another chance. He added that he will help him to perfect all the amazing plans he has for the State. Sharing a photo of the 15th Governor of Lagos State, Cubana Chief Priest wrote: “One Good Turn Deserves Another. @jidesanwoolu Good Is…
The President-elect, Bola Tinubu, on Sunday stormed Lagos where he was received by a mammoth crowd of supporters and party members as his private jet landed at the presidential wing of the Murtala Muhammed Airport in Ikeja. Tinubu proceeded to the Iga-Iduganran palace of the Oba of Lagos, Rilwanu Akiolu, where the monarch and traditional chiefs were waiting. The development is coming five days after the former Lagos State governor was announced the winner of the contentious presidential poll held on February 25. Tinubu had polled 8,794,726 votes to defeat his closest rivals, Atiku Abubakar of the Peoples Democratic Party…
The All Progressives Congress has hit back at the planned move of the Labour Party to hire 20 senior advocates of Nigeria to challenge the victory of Bola Ahmed Tinubu in court. It was reported that the Labour Party were lining up at least 20 SANS from different chambers to challenge the victory of Bola Ahmed Tinubu in the February 25 elections. Responding to the move, chief spokesman of the Tinubu-Shettima Presidential Campaign Council, Festus Keyamo, said that the president-elect and his camp were unfazed by the legal threat of the opposition. According to Keyamo, winning a court case is…
The agro-commodities directorate in the All Progressives Congress (APC) presidential campaign council has vowed to defend the victory of its principal, Bola Tinubu by “every means necessary”. The Independent National Electoral Commission (INEC) on Wednesday declared Tinubu the winner of the presidential election after polling 8,794,726 votes to defeat Atiku Abubakar of the Peoples Democratic Party (PDP) who got 6,984,520, and Peter Obi of the Labour Party (LP) who polled 6,101,533. Atiku and Obi have both filed petitions at the presidential election tribunal challenging the victory of Tinubu. Addressing a press conference in Abuja on Saturday, Bello Abubakar, head of…
President-elect, Bola Tinubu has expressed his readiness to work with world leaders who have “extended the arm of friendship” following his victory at the presidential poll. Tinubu, candidate of the ruling All Progressives Congress (APC), won 8,794,726 votes to defeat Atiku Abubakar of the Peoples Democratic Party (PDP) who had 6,984,520 votes and Peter Obi, Labour Party flagbearer, who polled 6,101,533. Congratulatory messages have been pouring in from world leaders since the announcement, with the United States of America and Rishi Sunak, UK prime minister, commending the APC standard bearer. Tinubu, in a tweet on Sunday, said the gestures from…
The Supreme Court has nullified the ban on use of the old N200, N500 and N1000 banknotes as legal tenders. The apex court made this known on Friday in a unanimous decision by a seven-member panel of Justices. It held that the old banknotes should remain valid legal tenders until December 31. This development comes days after Bola Ahmed Tinubu if the All Progressives Congress, APC was declared president-elect by the Independent National Electoral Commission,
Popular controversial blogger, David Hundeyin has been axed from Oxford University for misconduct bordering on misogynism, sexism and racketeering. Hundeyin alongside Onyeka Nwelue, a Nigerian author, were outed from the prestigious university after both ran a ‘fraudulent’ book launch together on Oxford University premises for Hundeyin’s most recent book. “Onyeka Nwelue and David Hundeyin are no longer associated with the University of Cambridge. Their connections were terminated following an investigation into their conduct”. They added: “The James Currey Fellowship is not administered, awarded, or funded by the University of Cambridge,” a statement credited to the institution reads. It was further…