Connect with us

News

Good morning! Here Are Some Major News Headlines In The Newspapers Today: Old naira notes will remain legal tender indefinitely, says CBN

Published

on

 

1. The Central Bank of Nigeria has announced its intention to extend the validity of the old N200, N500, and N1,000 notes indefinitely. This is as the apex bank declared its desire to extend the validity of old naira notes beyond any expiration date. According to the bank, it is working with the relevant authorities to vacate the subsisting court ruling on the same subject.

 

2. The Federal Government on Tuesday berated the organised labour over the ongoing nationwide strike declared by union leaders following the assault on the Nigeria Labour Congress President, Joe Ajaero. Kamarudeen Ogundele, the Special Assistant to the Minister of Justice and the Attorney-General of the Federation, said in an interview on Arise Television on Tuesday that the strike was not in the interest of the country.

 

3. The Bayelsa State Governor, Douye Diri, has said that despite imperfections resulting from human error, the recently held governorship election in the state was free, fair, and transparent. The governor, who won the Saturday election, disclosed this while featuring on Channels Television’s political programme, ‘Politics Today’ on Tuesday.

See also  CBN releases old torn N200 notes to banks

4. The acting National Chairman of the Peoples Democratic Party (PDP), Amb Umar Damagum, has raised the alarm that Nigeria might soon slide into anarchy if justice continues to elude the people at the polls and in the courts. Addressing a press conference at the party headquarters Tuesday evening following the conclusion of the off-season elections in Kogi, Imo and Bayelsa states, Damagum said the election was characterized by violence, intimidation and highhandedness.

5. Activities were crippled at the National Assembly and headquarters of the Nigerian National Petroleum Corporation (NNPC) in Abuja on Tuesday following the ongoing strike action by the organized labour. Although the National Industrial Court, Abuja, had restrained labour from embarking on the strike, the movement, however, ignored the order, insisting that the government at all levels must wake up to its responsibilities.

6. The ongoing nationwide strike declared by organised labour is a misplaced priority, Senator Adams Oshiomhole declared yesterday. According to him, the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) should take up issues on workers’ welfare rather than what will portray them as partisan.

See also  Naira redesign: Atiku asks CBN to extend deadline to avert ‘heavy discomfort’

7. Former Peoples Democratic Party (PDP) presidential candidate Alhaji Atiku Abubakar warned yesterday that Nigeria may become a one-party state. The former vice president raised the alarm when he hosted the National Executive Committee of the Inter-Party Advisory Council Nigeria (IPAC) in Abuja. He urged opposition parties to rise to the challenges of democratic survival.

8. The victory of Governor Douye Diri of the Peoples Democratic Party, PDP, in the November 11, election in Bayelsa State, has been kicked against by the candidate of the Labour Party, LP, Udengs Eradiri, who noted that he and his team were studying the results and brainstorming on the next line of action. In a press conference held on Tuesday, Eradiri said the election was not free and fair.

9. Independent National Electoral Commission, INEC, has asked Nigerians to disregard allegations of manipulation of voters data on the several Bimodal Voter Accreditation System, BVAS, used in last Saturday’s governorship election in Kogi State. Mohammed Kudu Haruna, National Commissioner and member of the Information and Voter Education Committee of INEC, said this in a statement on Tuesday.

See also  BEWARE! Fake naira notes in circulation, CBN warns Nigerians

10. The Ministry of Foreign Affairs has said it will cost N35m to fly back to Nigeria the corpse of the Nigerian medical student, Chibuikem Emmanuel, who was murdered in the Philippines. Emmanuel was reportedly murdered in the Philippines, allegedly by some Chinese nationals, on October 23, 2023, according to a post made to the social networking platform X, by one Michael Ojuola, who described Emmanuel as his friend.

 

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

EFCC says it froze Osun account over ‘fraudulent handling’ of N11bn ecological, intervention funds

Published

on

By

The Economic and Financial Crimes Commission (EFCC) has explained that it froze the bank account of the Osun state government over alleged fraudulent handling of N11 billion ecological and intervention funds.

The anti-graft agency, in a statement on Wednesday, said it has been investigating the Osun state government since March regarding the alleged mishandling of the funds.

According to the agency, some officials of the state government, including the accountant-general of the state, had been interviewed by EFCC investigators.

The agency said amid the probe, it observed that huge transfers of funds were being made from the account into different corporate entities since August 2.

“These ongoing investigations of the state government would not have warranted any placement of Post No Debit order on its account but for the precipitate and unwarranted movement of funds from the accounts to different suspicious accounts since August 2, 2026,” the statement reads.

See also  Bandits abduct five people in Sokoto community, demand N500,000

“The Commission noticed huge transfers of funds into different corporate entities and had to swiftly halt the trend by freezing the accounts from which such heavy funds are being moved.

“The EFCC’s preventive mandate is a public-inclined framework of safeguarding public funds, assets and resources.

“The Commission cannot watch idly while a state government’s account is being pillaged.”

The anti-graft agency said it is aware of the forthcoming Osun governorship election, adding that it is “uncharitable” to overlook the huge transfers of funds over the “excuse of an upcoming election”.

“The Osun State government account was frozen to save public funds from being looted,” the agency said.

In a letter dated August 5, 2026, and signed by Adenike Babalola, assistant commander of the EFCC on behalf of the director of investigation, the anti-graft agency directed First Bank not to allow withdrawals from the Osun state government’s statutory allocation account as part of an ongoing investigation.

See also  Herdsmen kill three-month-old baby, four mourners, others in Benue

The agency instructed the bank to place a post-no-debit restriction on the account pending the conclusion of the probe.

Reacting to the development, Ademola Adeleke, Osun governor, said the state government will not accept a situation in which federal government agencies trample upon the rights of subnational governments.

Adeleke said the Osun government has been witnessing numerous sponsored attacks, including the harassment of Accord party members and the move to stall the operations of LGAs in the state.

Adeleke said he has directed the attorney-general of the state to challenge the “illegality”.

Continue Reading

News

Osun threatens lawsuit as EFCC freezes govt account 10 days to election

Published

on

By

Less than 24 hours after Governor Ademola Adeleke alleged that the Economic and Financial Crimes Commission (EFCC) was planning to freeze the state government account domiciled with First Bank, the anti-graft agency has reportedly freezed the account, according to Vanguard.

The account, reportedly used for the payment of workers’ salaries, was placed on “Post No Debit” status by the anti-graft agency.

The development came hours after Governor Ademola Adeleke raised the alarm that the EFCC was planning to freeze the state government’s accounts and those of top government officials ahead of the August 15 governorship election.

In a statement issued earlier on Wednesday by the Commissioner for Information and Public Enlightenment, Kolapo Alimi, Adeleke described the alleged move as an attempt to cripple government activities before the poll.

The governor had insisted that there was no legal basis for freezing the accounts of a state government, arguing that the EFCC lacked the statutory powers to take such action.

See also  Herdsmen kill three-month-old baby, four mourners, others in Benue

However, a source reportedly told Vanguard that the account had already been restricted.

“I can confirm that the state government account has been frozen by the EFCC. It is no longer an allegation. The governor will address the press shortly to update the public on the situation,” the source reportedly told Vanguard.

The reason for the restriction was not immediately known as of the time of filing this report.

The EFCC had yet to issue an official statement on the development.

The development comes as Osun prepares for its August 15 governorship election, with the account restriction expected to generate political reactions ahead of the poll.

Meanwhile, the state’s Attorney General and Commissioner for Justice, Oluwole Jimi-Bada, had said he has the mandate of the governor to sue the Economic and Financial Crimes Commission for freezing the government accounts.

Jimi-Bada said a ‘Post no debit’ letter from the EFCC was forwarded to the management of the First Bank where Osun government accounts were domiciled on Wednesday.

See also  Good morning! Here Are Some Major News Headlines In The Newspapers Today: CBN orders banks to sell excess dollars in 24 hours

The commissioner, who expressed readiness to proceed to court, said the move by the anti-graft agency may hamper government’s business, noted that Governor Ademola Adeleke was not using state funds to run its campaign for reelection.

“I have the mandate of the governor to proceed to the Federal High Court to challenge this move. EFCC can investigate the accounts but it can’t freeze the accounts without order of court.

Continue Reading

News

WAEC releases 2026 WASSCE results, withholds 167,486 candidate’s results over malpractice 

Published

on

By

The West African Examinations Council says it is withholding the results of 167,486 candidates, representing 8.59 per cent of those who sat the 2026 Computer-Based West African Senior School Certificate Examination for School candidates, over alleged examination malpractice.

This was disclosed by the Head of WAEC Nigeria National Office, Dr Amos Dangut, who announced the release of the results in Lagos on Wednesday.

The number of withheld reults, however, represents a decline from the 9.7 per cent recorded in 2025.

Dangut said the council withheld the affected results due to various infractions, including the increasing use of mobile phones in examination halls despite the existing ban and organised cheating in some schools.

“The increasing use of cell phones in the examination hall, in spite of the existing ban, and organised cheating in some schools, are other nagging issues,” Dangut said.

He added that some supervisors and invigilators found assisting candidates in malpractice had been arrested and would face disciplinary action through the relevant state ministries of education.

See also  CBN releases old torn N200 notes to banks

A total of 1,959,668 candidates from 24,207 schools registered for the examination across Nigeria, Benin Republic, Côte d’Ivoire and Equatorial Guinea, while 1,950,726 candidates eventually sat for the examination.

1,200,514 candidates (61.54 per cent) obtained credits and above in at least five subjects, including English Language and Mathematics.

1,687,378 candidates (86.50 per cent) secured credits and above in a minimum of five subjects, with or without English Language and Mathematics.

The number of candidates who obtained credits in five subjects including English and Mathematics dropped by 1.42 percentage points compared with the 2025 examination.

Of the 1.2 million candidates who achieved credits in English and Mathematics:

558,883 (28.65 per cent) were male.

641,631 (32.89 per cent) were female.

Overall, 997,267 females (51.12 per cent) and 953,459 males (48.88 per cent) participated in the examination.

WAEC said 1,834,695 candidates, representing 94.05 per cent, had their results fully processed and released, while the results of 116,031 candidates (5.95 per cent) were still being processed.

See also  Naira redesign: Atiku asks CBN to extend deadline to avert ‘heavy discomfort’

The council also disclosed that 1,213 candidates with special needs participated in the examination. They included:

137 visually impaired candidates;

491 candidates with hearing impairment;

55 spastic and mentally challenged candidates; and

41 physically challenged candidates.

The 2026 examination marked the second edition of the Computer-Based WASSCE for School Candidates, following the introduction of the format by WAEC.

Dangut said the council introduced several innovations, including the Digital Examiner Mark System to improve the speed of processing results, serialisation of question papers to curb malpractice, and a new portal that allows candidates to generate e-PINs directly for checking their results.

The examination was conducted between April 24 and June 19, 2026, with 102,708 examiners involved in marking across 88 marking venues.

Dangut, who described the briefing as his third and final engagement as WAEC Nigeria National Office head, said candidates sponsored by states indebted to the council would not have their results released until the outstanding payments were cleared.

See also  Senate asks CBN to adjust cash withdrawal limits

Continue Reading

Trending News