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Confusion in high places: CBN labels Aisha Buhari’s post on old 500, 1000 naira notes as fake news

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The Central Bank of Nigeria (CBN) has refuted claims that it has directed commercial banks to recirculate old 500 and 1000 naira notes.

Aisha Buhari, the wife of President Muhammadu Buhari, on Tuesday, posted a statement that claimed the CBN had ordered the recirculation of the old notes on her Instagram page.

The supposed CBN statement posted by Mrs. Buhari was credited to Osita Nwanisobi, Director of CBN Corporate Communications Department.

Aisha Buhari post

A few hours later, the CBN disowned the statement and described it as ‘fake news’.

“Please be wary of fake news,” CBN said in a tweet with an initial statement, saying the old 500 and 1000 notes have ceased to be legal tender as directed by Buhari.

PLEASE BE WARY OF FAKE NEWS! pic.twitter.com/EZc6ygua3u

— Central Bank of Nigeria (@cenbank) February 21, 2023

Buhari during his national broadcast last Thursday ordered CBN to allow only the old 200 naira notes and redesigned 200, 500 and 1000 naira notes to coexist.

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The president said only the 200 old naira notes will continue to be legal tender till Monday, April 10.

He insisted that the Naira redesign was aimed at curbing inflation, and corruption, and improving transparency in cash flow to all sectors of the Nigerian economy.

READ ALSO: Buhari orders CBN to release old ₦‎200 to coexist with new Naira notes

“I have given approval to the CBN that the old N200 bank notes be released back into circulation and that it should also be allowed to circulate as legal tender with the new N200, N500, and N1000 banknotes for 60 days from Feb. 10, 2023 to April 10 2023,” Buhari said.

“In line with Section 20(3) of the CBN Act 2007, all existing old N1000 and N500 notes remain redeemable at the CBN and designated points.”

Buhari said he sympathises with Nigerians over the difficulties in accessing the new Naira notes.

READ  Senate passes N895bn supplementary budget for second reading

“Let me assure Nigerians that our admin. will continue to assess the implementation with a view to ensuring that Nigerians are not unnecessarily burdened,” Buhari said. “In this regard, the CBN shall ensure that new notes become more available & accessible to our citizens through the banks.”

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UPDATED: Fubara’s disregard for court judgment, invitation to anarchy- Wike

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The Minister of the Federal Capital Territory, Nyesom Wike, has accused Rivers State Governor, Siminalayi Fubara, of defying a court judgment.

Wike made this statement during an interview on Channels Television’s Politics Today on Tuesday.

He claimed that disregarding court rulings could lead to chaos and the breakdown of law and order.

“I was a governor, I have always obeyed the rule of law. You heard the governor say that our state is turning into a state of anarchy where people do not obey the rule of law.

“You must obey the judgment of the court. You must not take the law into your own hands. The moment you don’t obey court judgment, you are inviting anarchy, you are inviting violence,” Wike said.

Wike also accused Fubara of publicly declaring on national television that he would not comply with a court judgment.

The minister also criticised his successor for his comments regarding the police providing security for the local government election in Rivers State.

READ  How Nigeria can stabilise exchange rate, strengthen Naira – Cardoso

Wike also accused Fubara of being responsible for the recent violence that erupted in the state on Sunday.

The political tension in the state escalated on Monday, with fresh explosions and protests occurring in some local government secretariats.

The trouble was linked to a recent order by Inspector General of Police, Kayode Egbetokun, which called for the unsealing of the secretariats of the 23 local governments and the immediate withdrawal of police officers who had been stationed there since July.

Despite the withdrawal of the Peoples Democratic Party, All Progressives Congress and police from the recent LG election, Fubara insisted that elections must take place.

The elections were held amid heightened tensions, resulting in the Action People’s Party winning 22 out of 23 chairmanship positions while the Action Alliance secured one seat.

Fubara swiftly swore in the 23 newly elected chairmen on Sunday.

However, upon taking office on Monday, some faced violent attacks, and some council secretariats were set ablaze by political opponents

READ  Cash scarcity: Banks comply with CBN’s directive to work on weekends

Following the violence, President Bola Tinubu ordered the police to secure the local government secretariats across the state.

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Bobrisky: Probe report will be ready next week, says Tunji-Ojo

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Olubunmi Tunji-Ojo, minister of interior, says the report of the investigation into allegations of bribery and misconduct within the Nigerian Correctional Service (NCoS) involving Idris Okuneye, a popular crossdresser known as Bobrisky, will be ready next week.

Tunji-Ojo spoke in Abuja at the official launch of the report on the situation of children and young adults deprived of liberty in Nigeria.

The minister ordered a probe after VeryDarkMan, the controversial activist, shared a video online in which Bobrisky claimed she bribed some Economic and Financial Crimes Commission (EFCC) officials with N15,000,000 to drop the money laundering charges against her.

The crossdresser was released from prison on August 5 after she was sentenced to six months on April 12 for abusing the naira.

But in the footage, Bobrisky claimed her “godfather” alongside Haliru Nababa, the controller general of the NCoS, ensured she served the six-month sentence in a private apartment and not the prison.

READ  Police parade four for abduction, killing of six-year-old in Kaduna

Although the crossdresser denied the allegations, the federal government suspended some NCoS officials over the controversy.

Tunji-Ojo acknowledged the presence of dedicated officers within the system but noted that the actions of a few would not be allowed to destroy the integrity of the institution.

“I don’t care about Bobrisky; it is about the system. There must be penalties for actions,” the minister said.

“The correctional centers cannot continue to be a point of disgrace to the Nigerian government.”

Tunji-Ojo also confirmed that an officer implicated in the scandal has been suspended and replaced.

‘SYSTEM WILL BE REFORMED’

The minister stressed the need for accountability in addressing the challenges within Nigeria’s correctional facilities and reiterated commitment to transforming the system.

Tunji-Ojo also assured that he would take responsibility for the future of the system.

“This responsibility will be a springboard for a better tomorrow,” he said.

“If I tell you that I am comfortable with what is happening at the correctional centres, I will be the greatest liar.”

READ  How Nigeria can stabilise exchange rate, strengthen Naira – Cardoso

“Take this to the bank: we will reform the Nigerian correctional center.”

Sharing statistics from a recent SWOT analysis conducted by his ministry, the minister said out of 84,000 inmates in Nigeria, approximately 10 percent were imprisoned for failing to pay fines as low as N10,000.

“Do we need 256 correctional centres? The answer is no,” he said.

Tunji-Ojo advocated for creative solutions and collaboration with the ministry of justice to explore non-custodial options for approximately 70 percent of inmates who are awaiting trial.

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Fubara’s disregard for court judgment, invitation to anarchy- Wike

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The Minister of the Federal Capital Territory, Nyesom Wike, has accused Rivers State Governor, Siminalayi Fubara, of defying a court judgment.

Wike made this statement during an interview on Channels Television’s Politics Today on Tuesday.

He claimed that disregarding court rulings could lead to chaos and the breakdown of law and order.

“I was a governor, I have always obeyed the rule of law. You heard the governor say that our state is turning into a state of anarchy where people do not obey the rule of law.

“You must obey the judgment of the court. You must not take the law into your own hands. The moment you don’t obey court judgment, you are inviting anarchy, you are inviting violence,” Wike said.

Wike also accused Fubara of publicly declaring on national television that he would not comply with a court judgment.

The minister also criticised his successor for his comments regarding the police providing security for the local government election in Rivers State.

READ  Cash scarcity: Banks comply with CBN’s directive to work on weekends

Details later…

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