The Supreme Court of Nigeria on Wednesday, 22nd February, 2023, adjourned a case instituted by some state Governors, against the Federal Government, challenging the implementation of the naira redesign notes, to 3rd March, 2023. Three states Governors; Kaduna, Kogi and Zamfara, had…
The Central Bank of Nigeria, CBN, has promised to prosecute Point of Sale, POS, operators who demand exorbitant charges on transactions. The apex bank’s Governor, Godwin Emefiele, disclosed this during a meeting with members of the diplomatic corps. The CBN governor, who…
The Central Bank of Nigeria, CBN, has ordered the Police and other agencies to prosecute sellers and abusers of the Naira as well as approved direct over the counter payment of the redesigned banknotes, to ensure that queues at the Automated Teller…
The Independent Corrupt Practices and Other Related Offences Commission, ICPC, on Wednesday, 1st, February, 2023, has arrested an Abuja-based Twitter user, Oluwadarasimi Omoseyin, with the handle @SimisolaGold and Twitter name Simisola of Lala, for trading new naira notes on social media. https://www.instagram.com/p/CoIjLcjtF5u/?utm_source=ig_web_copy_link…
The Central Bank of Nigeria, CBN, has ordered Deposit Money Banks not to pay over-the-counter withdrawals of new naira notes to customers, with immediate effect. Instead, the CBN has directed all banks to load their Automated Teller Machines, ATM’s, with only new…