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Commercial Banks Dispense New Naira Notes

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By Laide Akinboade, Abuja

Commercial banks in major cities in Nigeria have started dispensing the newly redesigned naira notes to over-the-counter customers.

In some banks visited yesterday customers were paid the newly redesigned naira notes.

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele had on October 26, 2022 said the apex bank will issue redesigned N200, N500, and N1,000 notes, effective December 15, 2022, while the new and existing currencies will remain legal tender and circulate together until January 31, 2023.

President Muhammadu Buhari subsequently unveiled the newly designed notes on Wednesday, November 23, 2022.

However, the Peoples Democratic Party (PDP) and some eminent Nigerians including Governor Godwin Obaseki of Edo State as well as the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, have faulted the naira redesign as having no basis in economics.

Amid the stiff opposition, the apex bank ordered Deposit Money Banks (DMOs) and other financial institutions to ensure that weekly over-the-counter (OTC) cash withdrawals by individuals and corporate entities do not exceed N100,000 and N500,000, respectively.

The apex bank said the regulatory directives take effect nationwide from January 9, 2023.

The CBN further fixed daily maximum withdrawals via point of sale (PoS) and Automatic Teller Machine (ATM) terminal at N20,000 and said only denominations of N200 and below shall be loaded into the ATMs.

The Senate and House of Representatives have kicked against the policy and asked the apex bank to adjust its withdrawal limits but the CBN said there is no going back on the policy.

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NEWS

FG Declares Public Holidays for Christmas, New Year

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The Federal Government has declared Wednesday, Thursday and Jan.1, 2025 as public holidays.

This is contained in a statement signed by the Ministry of Interior’s Permanent Secretary, Dr Magdalene Ajani, on Monday in Abuja.

According to Ajani, the Minister of Interior, Olubunmi Tunji-Ojo said that the public holidays were to enable citizens to celebrate Christmas, Boxing Day and the New Year respectively.

“The Christmas season is a good moment for both spiritual reflection and national renewal.

“As we celebrate the birth of Jesus, the Prince of Peace, let us demonstrate kindness and extend goodwill to one another, irrespective of our differences,” the Minister.

Tunji-Ojo emphasised the importance of the season as a time to foster harmony and to strengthen bonds across families and communities.
He assured citizens of the federal government’s continued commitment to ensuring peace, security, and prosperity across the nation.

He further expressed confidence in the renewed hope agenda of President Tinubu’s administration for a better and prosperous economy in 2025.

The Minister, on behalf of the federal government sent warm greetings to all Nigerians, urging them to use the festive period to reflect on the values of love, peace, and unity that the season signifies.(NAN)

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Hoodlums Attack Etsu Lokoja’s Palace, Raze Properties

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Some suspected hoodlums on Saturday attacked the palace of Etsu Lokoja, Chief Emmanuel Dauda-Shelika, Nyamkpa IV, burning properties within the premises, including a vehicle.

The palace, located on plot 306, New Layout, Lokoja, was allegedly attacked by hoodlums at about 1:00 am on Saturday.

The Nupe Natives of Lokoja Development Union were planning to host the 2nd edition of the Nupe Natives end-of-the-year event, tagged “Lokoja ’24 Nupe Cultural Fiesta,” on Dec.

21, 2024, before the incident occurred.

The event was, however, aborted due to the unfortunate attack.

Dauda-Shelika said this on Monday in Lokoja that he heard a big bang on my door at around 1 am.

“I woke up to check through the window, wondering what could have happened.

“Then, I suddenly saw wildfire coming out of my car that was set ablaze by attackers.

“I knew it was an attack on the palace, and therefore I could not come out because of fear of being attacked. So, I managed to come out through the back door and scaled the fence to escape for my life.

“Thereafter, I came out to the road and realised that all my neighbours in the community were on the ground trying hard to quench the fire, but unfortunately the car was burnt as well as other properties inside it.”

The traditional ruler appealed to the government and security agencies to investigate the cause of the attack and bring perpetrators and their sponsors to justice.

He admonished Nupe natives in Lokoja to avoid any reprisal attack but continue to remain peaceful and law abiding and allow the government and security agencies to conduct a thorough investigation of the attack.

“We are appealing to Gov. Ahmed Ododo and security agencies to please use their good offices to investigate this unfortunate incident and bring to justice whoever is concerned, whether directly or indirectly.

“We also want the government to kindly visit our issues by recognising and grading the stool of Etsu Lokoja, which had been in existence before colonisation,” he said.

He stated that the Lokoja Local Government Area chairman and his security team came for an on-the-spot assessment that Saturday morning, as well as the police and other security outfits.

The National President, Nupe Natives Union Lokoja, Alh. Abubakar Ndashite, said the event scheduled for Saturday was a celebration of Nupe cultural heritage and not any form of coronation as being insinuated from some quarters.

Ndashite, who doubles as the chairman of the planning committee, said the aborted event was to project the Nupe spirit and culture as well as the rich history of the diversely composed Lokoja community and the peaceful and harmonious coexistence among her.

He expressed his displeasure over the aborted cultural event, noting that the union had expended so much on it, and urged the government to bring perpetrators to book. (NAN)

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NEWS

Eight Dead, Three Injured in Ohafia Road Crash

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The Abia Sector Command of the Federal Road Safety Corps (FRSC) has confirmed the death of eight persons with two others injured in a road traffic crash that occurred along the Bende-Ohafia Road.

A statement by the Sector Commander, Mrs  Ngozi Ezeoma, on Monday in Umuahia said that the  crash occurred on Sunday along the Mmuri River axis of the road in Ohafia Local Government Area of the state.

She said the crash involved a Trailer carrying chippings which hit and fell on a Sharon Volkswagen vehicle with 10 persons on board.

“At the time of the crash eight persons had died including a woman standing by the roadside and three were injured.

“The injured victims were taken to the hospital while the dead ones were deposited at the morgue,” she said.

Ezeoma said that preliminary investigation revealed that  the crash was caused by dangerous driving and excessive speeding. (NAN)

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