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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.

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.

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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VIDEO: Villagers Give Nigerian Soldiers Heroic Welcome After Successful Operation

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A heartwarming video of some villagers giving a heroic welcome to soldiers returning from a successful operation in the North East has been shared online.

The Nigerian Army shared the video online as the soldiers returning from their military operation were met with cheers and celebrations from local residents recently.

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The Army wrote: “Heartwarming welcome accorded to Nigerian Army heroic troops in the Northeast region after a successful operation in Sambisa and Timbuktu Triangle during Operation Desert Sanity III. This video clip captures the genuine and heartfelt welcome extended by the local communities to the valiant troops in appreciation of their successful operation.”

Watch the video below…

 

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JUST IN: Court Clears Ex-AGF Adoke Of Money Laundering Charges

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A Federal High Court in Abuja on Friday discharged and acquitted former Attorney-General of the Federation and Minister of Justice, Mohammed Adoke (SAN) of the money laundering charges brought against him by the Economic and Financial Crimes Commission.

The presiding judge, Justice Inyang Ekwo, while delivering a ruling on a no-case submission filed by the former AGF, held that the EFCC failed to establish a prima facie (sufficient evidence) case against him.

“I find that there is no evidence to prove the alleged offences against the first defendant (Adoke),” the judge said.

READ ALSO: EFCC Declares Ex-Kogi gov, Yahaya Bello Wanted

However, Justice Ekwo ruled that Aliyu Abubakar, the second defendant, has to open his defence because he has a case to answer.

EFCC had preferred a 14 counts charge against Adoke and an oil mogul, Aliyu Abubakar.

In the charge, the anti-graft agency alleged that Adoke sometime in August 2013 in Abuja accepted a cash payment of the dollar equivalent of N300 million from Abubakar and thereby committed an offence punishable under section 16(2)(b) of the money laundering Prohibition Act 2011 as amended.

Details later…

 

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Police Seal Off Benue APC Factional Secretariat

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Armed policemen have sealed off the secretariat of the All Progressive Congress,APC, in Makurdi, the capital city of Benue State.

The party secretariat belongs to the Austin Agada-led APC Working Committee located along JS Tarka Way opposite the Railway Market in Makurdi.

There are two party secretariats in the capital city.

The other one belongs to Benjamin Omakolo’s team which is located along Kashim Ibrahim Way.

READ ALSO: BREAKING: Protests As Gunmen Kill 12 In Plateau Village

The Publicity Secretary of the Agada faction, Daniel Ihomun, said that the sealing off of their secretariat may not be unconnected with the inauguration of members of the zoning committee for the forthcoming local government election.

“We are to inaugurate members of the zoning committee for the coming local government election today at our secretariat only for the government to send policemen and their thugs to seal off the secretariat,” Ihomun said.

It was learnt that policemen and Armour Personnel Vehicle were deployed to the Agada-led office as early as 6am on Friday.

READ ALSO: Tinubu Approves Policies For Complete Overhaul Of Education Sector

Efforts to get the reaction of the state Police Public Relations Officer, Catherine Anene, to ascertain the reason for the sealing off of the party secretariat were not successful as her phone rang out at the time of filing this report.

The Agada-led faction had constituted a 21-men zoning committee drawn from the three senatorial districts of the state and was expected to be inaugurated on Friday.

But in a swift response, the Omakolo-led team had in a statement issued by its Publicity Secretary, Terseer Agber, called on all party members and the general public to disregard the zoning committee constituted by the Agada-led committee.

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