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JUST IN: Banks Will Still Accept Old Notes After Deadline – Emefiele Tells Reps

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Nigerians with old notes can still deposit them at commercial banks even after the February 10 deadline, this is according to the Central Bank Governor, Godwin Emefiele.

Emefiele stated this on Tuesday while appearing before the House of Representatives ad hoc committee.

It would be recalled that the lawmakers had accused Emefiele of breaching section 20 of the CBN act.

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According to the Speaker of the House, Femi Gbajabiamila, the CBN Act mandates commercial banks to accept old notes.

“After the expiration date, such naira notes changed will no longer be legal tender but it also says that even five months, three months, or two months after, even in June, all the old notes presented to the bank shall be redeemed by the bank,” Mr Gbajabiamila had said in a speech on Thursday.

While speaking at the hearing, Emefiele said he is in agreement with the parliament on section 20.

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READ ALSO: BREAKING: Emefiele Finally Appears Before Reps Committee After Threat Of Arrest

Section 20 says even after the old currency has lost its legal tender status that we are mandated to collect that money. And I stand with the House of Reps on this,” he said.

He explained further that “if you have your money that you have not been able to send to the bank. We will certainly give you the opportunity to bring them back into the CBN to redeem it. Either you pay it to your bank account or you want to do an exchange — we give you. You will not lose your money. This is the assurance I give to Nigerians,” he stated.

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IPF Commends Tompolo’s Commitment To Security In Delta, Nigeria

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Ijaw Publishers’ Forum (IPF) has commended High Chief Government Ekpemupolo, popularly known as Tompolo, for his remarkable commitment to improving security in Delta State, Niger Delta and Nigeria at large.

In a press statement by its national president, Comrade Ozobo Austin, the IPF described Tompolo’s gesture towards Delta Security Trust Fund as a demonstration of his firm commitment to promoting peace, security, and progress in the atate, Niger Delta and Nigeria.

The group’s leadership lauded Tompolo’s philanthropic efforts, which according to them, portrayed his dedication to the well-being and prosperity of the country.

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READ ALSO:IPF Wants NDDC MD Ogbuku, Others Probed

Recall that Tompolo promised continued support for the Delta State Security Trust Fund after making a handsome donation at the event held at the government house yesterday.

“The unprecedented donation and firm commitment to peace and security in the country by High Chief Tompolo are shining examples of his leadership and dedication to the development of Delta State, Niger Delta and Nigeria as a whole.

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“We commend him for his vision and generosity, and we urge others to follow his footsteps in supporting initiatives that promote peace and security in Delta State and Niger Delta region.

“High Chief Tompolo’s support will go a long way in enhancing security measures in Delta state and contributing meaningfully to the overall development of the country,” the statement reads.

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University Suspends Students’ Union Over Controversial ‘Gender Swap Day’

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The management of Taraba State University (TSU), Jalingo, has suspended the Students’ Union Government (SUG) indefinitely following allegations of misconduct during the recently concluded 2025 Students’ Week celebration.

The decision came after photos and videos from the event’s controversial “Gender Swap Day” surfaced online, sparking outrage from members of the university community and the general public. The university said the activities violated its values, dress code, and moral standards.

In a statement signed by the Vice-Chancellor, Professor Sunday Paul Bako, on Tuesday, October 14, 2025, the management described the incident as “regrettable and disappointing,” noting that some students’ actions were inconsistent with the institution’s core principles.

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READ ALSO:Nigerian-born Rwandan Varsity DVC Named Among World’s Top 2% Scientists

An emergency management meeting held on Monday, October 13 reviewed the incidents and blamed poor supervision and coordination by the current SUG leadership for the disorder that occurred during the week-long celebration.

As part of the resolutions reached, the SUG has been suspended indefinitely to pave the way for a complete restructuring of student leadership and representation. The university also announced plans to introduce a new framework promoting accountability, discipline, and inclusiveness among student leaders.

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Students who were involved in actions that misrepresented the university’s image will face disciplinary action,” the statement read.

READ ALSO:Tinubu Under Fire Over Presidential Pardon For Drug Offenders

Those whose behavior involved criminal acts have been arrested and will be handed over to law enforcement for further investigation.”

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In response, the SUG led by Victor Mishak Abednego, tendered an official apology to the university management, expressing regret over the embarrassment caused by the event and promising stricter adherence to university rules in future activities.

The university reaffirmed its commitment to academic excellence and moral integrity, warning that such conduct will not be tolerated in any future student-organized events.

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Fire Ravages Residential Building In Oyo

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Photo: File copy

Properties worth millions of naira have been destroyed in a fire incident that ravaged a residential building in Oyo, Oyo State.

The incident occurred at Aladota, Oke-Olola Area in Oyo around 9 am on Wednesday.

The chairman of the Oyo State Fire Service, Maroof Akinwande, confirmed the incident.

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READ ALSO:Edo Assembly Commission Questions Clerk Over Alleged Age Falsification

In a statement made available to DAILY POST on Wednesday, Akinwande said that officers of the agency were immediately mobilised to the scene once they were informed.

“The fire incident was as a result of a spark from electricity which ignited combustible materials and set the room ablaze. No casualty was recorded. The agency was able to save properties worth millions of naira,” he said.

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