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.
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.
“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.”
President is not a magician, says Remi Tinubu
The first lady, Oluremi Tinubu, says her husband, President Bola Tinubu, would not wave a magic wand and solve all of the country’s problems in a flash.
The first lady said this on Sunday during an inter-denominational church service to commemorate Nigeria’s Independence Day.
She said her husband inherited the current challenges in the country, adding that the president is determined to fix them rather than blame past leaders.
“All we inherited are things that had happened many years ago. We are not here to put blame on any administration but to fix what has been damaged,” she said.
“My husband is not a magician. He is going to work and I believe and hope that we will have peace in this country. The best is yet to come to us.
“Good governance can only be impactful if the people follow the example of Jesus Christ, our Lord, who embodied the fruit of the spirit, including love, joy, peace, long-suffering, gentleness, goodness, faith, meekness, temperance and forgiveness.
“A Nigeria of abundance has begun, and to be part of the greatness that God has started in the nation, Nigerians must look beyond their current realities and embrace hope anew.”
Also speaking at the event, George Akume, secretary to the government of the federation (SGF), urged Nigerians to remain patient, adding that measures are being put in place to provide solutions to the problems bedevilling the country.
“Solutions to Nigeria’s complex problems can never be as instant as expected. It will take some time, but measures are already being put in place to address them,” Akume said.
Lagos to clampdown on illegal dredging operation, reads riot act
Determined to end illegal dredging activities in the state, the Lagos State government has vowed to stop all illegal dredging operations and flush out those operating without a government’s permit in the dredging sector from the state.
The Commissioner for Waterfront Infrastructure Development, Dayo Bush-Alebiosu disclosed this during a meeting with the members of the executive council of the Dredgers’ Association of Nigeria, Lagos State chapter.
The meeting was called to seek the cooperation of the association in enforcing guidelines regulating dredging activities and to declare Governor Babajide Sanwo-Olu’s administration’s zero tolerance for illegal dredging operations in the state.
According to the Commissioner, though the meeting is a familiarization forum to interact with members of the association and get first-hand information on how dredging activities could be improved upon with the view to maintaining the state’s waterfronts and prevent environmental degradation.
While soliciting their support in sanitizing dredging activities in the state, Bush-Alebiosu disclosed that the state would not condone the spate of illegal dredging activities being carried out in every nooks and crannies of the state.
Bush-Alebiosu also expressed the readiness of government officials to begin enforcement activities soon and that anybody caught violating dredging laws and regulations of the state would be prosecuted.
He therefore urged them to obtain all necessary permits and regularize their operations immediately.
He assured them of the government’s readiness to stand by the association in carrying out their lawful activities and also support them in all they do to ensure good waterfronts in Lagos State.
UN appeals to Lagos to allocate certain percentage of contracts to women-owned businesses
In his remarks, Mr Kehinde Gbajumo, the Permanent Secretary of the Ministry expressed his delight that the state executive members of the association were present at the meeting, saying this would go a long way in conveying the views of the state government to their members.
Gbajumo noted that dredging activities in the state are “no longer business as usual,” adding that the ministry is now all out to enforce the laws regulating dredging activities, he also enjoined them to comply with the guidelines.
In his response, the President of the Dredgers Association of Nigeria, Mr Bature Akpomejero pledged their support and cooperation to the state government in getting rid of illegal dredgers in the state.
He solicited the support of the ministry for proper regularization of dredging activities to curb the activities of illegal dredgers and their impact on the environment.
Akpomejero also urged the ministry to look into the issue of overloading of trucks by dredgers and those moving wet sand on the roads, which cause a lot of damage to our roads.
The secretary general of the association, Richard Ntan, also lent his voice; assuring the ministry of maximum cooperation and collaboration of the association, noting that they are ready to cooperate with the government.
Ntan called for more such meetings with the ministry to be able to iron out grey areas affecting their operations while fashioning out areas of mutual benefit between dredgers and the state government.
The dredging operation terms and conditions were later distributed to the members of the association to further enlighten them on their obligations to the state.
Nigeria@63: God will heal our land – Pastor Adeboye
Pastor Enoch Adeboye has prayed to God to heal Nigeria, asking citizens to also pray for the betterment of the nation.
The General Overseer of the Redeemed Christian Church of God (RCCG) said this on Sunday during the church’s October Thanksgiving Service and Nigeria’s 63rd Independent Day celebration.
Pastor Adeboye spoke on the topic ‘Freedom Indeed’ during the service.
“I pray in the name that is above every other name that God will heal our nation,” the preacher said.
“Independence is talking about freedom, that is why we would be talking about freedom indeed. You may be enjoying independence from the colonial master and still be a slave to sickness, poverty, terror, and forces of darkness,” he added.
“I am wishing you a very good celebration but more than anything else, I wish all of you who are in Christ freedom and freedom indeed.”
In many churches across the nation, the Christians marked Independence Day with praises and prayers for the country.
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