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CBN Confiscated, Didn’t swap Currency, Says El-Rufai

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The Kaduna State Governor, Nasir El-Rufai, on Sunday, alleged that the Central Bank of Nigeria embarked on currency confiscation rather than the announced currency swap policy as approved by the President, Major General Muhammadu Buhari (retd), for currency redesign.

The naira crisis worsened last Thursday when the President in his nationwide broadcast ignored the apex court by extending the validity of old N200 notes while insisting that old N500 and N1,000 remained illegal.

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Buhari in his state broadcast said the old N200 note would be legal tender for the next 60 days, till April 10, 2023, while urging Nigerians to deposit their old N500 and 1000 notes with the CBN.

READ ALSO: JUST IN: APC Backs Governors On Naira Redesign Policy – Adamu

Not satisfied by Buhari’s broadcast, El-Rufai slammed the President over his directive which he said was in disobedience to the February 8 Supreme Court Order restraining the Federal Government from ending its cash swap policy on February 10.

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Meanwhile, in defiance of Buhari’s directive that the old N1,000 and N500 have ceased to be legal tender, the El-Rufai-led Kaduna government directed ministries, departments and agencies to accept payments in the old naira and new notes.

The governor asked residents of the state to continue using the old naira notes.

But in a series of tweets on his Twitter handle on Sunday, the Kaduna governor said the bank only confiscated the currency as against what was obtainable in the currency swap policy.

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He wrote, “Currency redesign was approved by the President and announced. Currency recoloring resulted.

“Currency swap was envisaged by s.20(3) of the Central Bank of Nigeria Act as approved by PMB. Swap means I take N100,000 to the bank in old notes & I receive N100,000 immediately in new notes. No more, no less.

“During implementation of the cash swap, the CBN withdrew over N2 trillion from circulation but printed only N400 billion, so in effect, currency confiscation was then unilaterally and unlawfully implemented by the CBN. Trade and exchange have collapsed. Human suffering, impoverishment and economic contraction resulted.

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READ ALSO: New Naira: How My Pregnant Wife Died In Kano Hospital – Husband

“The policy objective was derailed into a deliberate national fiasco to sabotage the elections in the name of preventing vote-buying. All efforts to get CBN to implement what was lawfully approved failed.

“Some State Governments had no choice but to approach the Supreme Court for adjudication. The APC as a party and the Progressive Governors Forum are unanimous that policy implementation must be reviewed, and full compliance of the subsisting ruling of the Supreme Court be observed until final judgment on the suit instituted by the State Governments.”
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17-year-old Nigerian Named World Best In English At 2025 TeenEagle Finals In London

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…Outperforms over 20,000 participants from 69 countries

Nafisa Aminu, a 17-year-old student of Tulip International College, Yobe State, has emerged world’s best in English at the 2025 TeenEagle Global Finals.

The 17-year-old was named the World Best in English Language Skills at the 2025 TeenEagle Global Finals held in London, United Kingdom.

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READ ALSO: Fake Labubu Dolls Worth Millions Seized In London Raid Amid Growing Safety Fears

The TeenEagle competition is an internationally recognised contest that tests English proficiency, critical thinking, and communication skills, attracting students from both English-speaking and non-English-speaking nations.

Nafisa’s triumph was confirmed in a statement by the head of her family, Hassan Salifu, who attributed her success to “dedication, discipline, and the enabling support of the state government.”

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Representing Nigeria, Nafisa outperformed over 20,000 participants from 69 countries, a historic feat that has thrust her into the global academic spotlight and brought honour to Nigeria.

 

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FG Promotes 30 Senior NCoS Officers To Assistant Controller General

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The Civil Defence, Correctional, Fire and Immigration Services Board has approved the promotion of 30 senior officers of the Nigerian Correctional Service to the rank of Assistant Controller General of Corrections.

The announcement was made in a press statement signed by the NCoS spokesperson Umar Abubakar, on Tuesday.

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“The Civil Defence, Correctional, Fire and Immigration Services Board has approved the promotion of 30 Controllers of Corrections to the prestigious rank of Assistant Controller General of Corrections,” the statement read.

Abubakar noted that the promotions were made in line with CDCFIB’s commitment to “merit-based advancement, professional excellence, and the continuous strengthening of leadership within the Nigerian Correctional Service.”

READ ALSO:Customs Intercepts N1.7bn Falsely Declared Goods Across South-West Zone

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“Among the newly promoted officers are twenty-seven general duty officers who have demonstrated exceptional dedication, leadership, and operational competence in various formations across the country.

“In addition, three professional officers have also been elevated in recognition of their outstanding service and specialized contributions in the areas of Medical Laboratory Science, Nursing, and Public Health,” the statement read.

According to the statement, the promotion exercise was said to align with the ongoing reforms in the Service, a key part of President Bola Tinubu’s Renewed Hope Agenda.

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The statement credited the reform momentum to the Minister of Interior, Dr. Olubunmi Tunji-Ojo, whose efforts were described as “unwavering” and “unprecedented.”

READ ALSO:Court Strips Transport Minister, CRFFN Regulatory Power Over Licensed Customs

Controller General of Corrections, Sylvester Nwakuche, congratulated the newly promoted officers, charging them to rise to the responsibilities of their new roles.

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“I urge them to redouble their effort to service delivery, strategic leadership, and the core mandates of reformation, rehabilitation, and reintegration of inmates,” he said.

He further stressed that the promotions are not merely rewards for past service but “a call to higher responsibility in line with global best practices in correctional management.”

“The Service remains committed to building a motivated, disciplined, and professional workforce capable of meeting the complex demands of modern corrections and public safety,” Nwakuche added.

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Adeleke Flies To US For Davido’s Wedding

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Governor Ademola Adeleke of Osun State has travelled to the United States to attend the wedding ceremony of his nephew and music star, David Adeleke, popularly known as Davido.

Recall, Davido confirmed that he and his wife, Chioma Avril Rowland, will have their white wedding in Miami, Florida, in August 2025.

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He made the announcement during an interview on The Breakfast Club, aired on Tuesday, April 8, 2025.

The governor’s spokesperson, Olawale Rasheed, confirmed Adeleke’s trip in a statement issued on Tuesday, in response to concerns raised by the opposition All Progressives Congress over the governor’s whereabouts.

READ ALSO:Davido Thrills In Toronto, Brooklyn As US Tour Heats Up

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Governor Adeleke left Nigeria for the United States via the family’s private jet a few days ago for the wedding of the global music icon, his beloved nephew, David Adeleke.

“His Excellency is extending an invitation to the opposition party to attend the event and share in the joy of the occasion with the Adeleke family.

“Those unable to attend may join virtually,” Rasheed stated.

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He noted that Adeleke had not taken any official vacation since assuming office in November 2022 and said the current trip would be short.

READ ALSO:Davido Withdraws From 50 Cent’s London Concert

Additionally, from the November 2022 date, the governor has not gone on official vacation.

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“For this current trip, the Governor has again chosen to make it a short one to continually attend to crucial state functions.

“Meanwhile, the Governor is in constant communication with his deputy, Prince Kola Adewusi, who is supervising activities of the government,” Rasheed added.

Earlier on Tuesday, the Osun APC had accused Adeleke of leaving the state without informing residents or formally transmitting power to his deputy. The party described the governor’s absence as “abnormal.”

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READ ALSO:Davido, Asa To Perform At National Sports Festival’s Opening Ceremony In Abeokuta

In a statement signed by its spokesperson, Kola Olabisi, the party said, “The question being asked in hushed tones in some public places, inside commercial buses and by motorcycle riders and their passengers in the state, is where could be the whereabouts of their governor for this long.

“As the governor of all and sundry, we as a party need to know the whereabouts of the governor and who has been holding fort for him during his absence from the state since two weeks ago.

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“Did the governor duly transmit power to his deputy who is constitutionally covered to temporarily step into the shoes of his principal in his absence?”

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