News
JUST IN: Emefiele Arrives Villa, Urges Compliance To Buhari’s Directive
Published
3 years agoon
By
Editor
The President of the Central Bank of Nigeria, Godwin Emefiele, on Thursday, said he had met with the leadership of at least 15 commercial banks since the President, Major General Muhammadu Buhari (retd), announced his latest directive on the new Naira policy.
Emefiele’s visit comes hours after the President, in a televised message, announced that only the old N200 note will remain a legal tender until April 10, 2023.
The CBN Governor was at the State House, Abuja, for a separate assignment (not with the President).
READ ALSO: New Naira: Buhari Meets Reps Adhoc Committee At Villa
He said the meeting with the bank executives earlier on Thursday was to ensure an ample supply of the old N200 notes to alleviate the sufferings of Nigerians.
The PUNCH reports that Buhari had earlier on Wednesday said the old N500 and N1,000 banknotes are no longer legal tender in the country.
He, however, said the old N200 note will be legal tender for the next 60 days, till April 10, 2023, while beseigning Nigerians to deposit their old N500 and 1000 notes with the CBN.
The president said, “Let me re-assure Nigerians, that strengthening our economy, enhancing security and blockage of leakages associated with illicit financial flows remain top priority of our administration. And I shall remain committed to my oath of protecting and advancing the interest of Nigerians and the nation, at all times.
“In the last quarter of 2022, I authorised the Central Bank of Nigeria to redesign the N200, N500, and N1000 Nigerian banknotes.For a smooth transition, I similarly approved that the redesigned banknotes should circulate concurrently with the old bank notes, till 31 January 2023, before the old notes, cease to be legal tender.
“During the extended phase of the deadline for currency swap, (from Jnuary 31 till February 10) I listened to invaluable pieces of advice from well meaning citizens and institutions across the nation.
“I similarly consulted widely with representatives of the State Governors as well as the Council of State. Above all, as an administration that respects the rule of law, I have also noted that the subject matter is before the courts of our land and some pronouncements have been made.
READ ALSO: Naira Redesign: I Want To Remove Money From Politics – Buhari Makes Confession
“To further ease the supply pressures particularly to our citizens, I have given approval to the CBN that the old N200 bank notes be released back into circulation and that it should also be allowed to circulate as legal tender with the new N200, N500, and N1000 banknotes for 60 days from February 10, 2023 to April 10 2023 when the old N200 notes ceases to be legal tender.”
He continued, “In line with Section 20(3) of the CBN Act 2007, all existing old N1000 and N500 notes remain redeemable at the CBN and designated points. I admonish every citizen to strive harder to make their deposits by taking advantage of the platforms and windows being provided by the CBN.”
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News
Sanwo-Olu makes U-turn, Unblocks Lawyer Who Sued Him Over Blocking On X
Published
12 hours agoon
September 13, 2025By
Editor
Lagos State Governor, Babajide Sanwo-Olu, has unblocked human rights lawyer, Festus Ogun, on X after a meeting with him at Lagos House, Marina, on Friday.
The lawyer, who had accused the governor of rights violations, announced the development in a post on his X account on Saturday.
According to him, Sanwo-Olu personally invited him for a brief meeting to address his complaints.
“Lagos Governor Babajide Sanwo-Olu has unblocked me on X (Twitter). I met briefly with him yesterday at Lagos House Marina, on his invitation, to amicably resolve my complaint of human rights violations. We will continue to hold authorities accountable, regardless. Aluta continua!” Ogun wrote.
READ ALSO:Lawyer Sues Sanwo-Olu For Blocking Him On X
Tribune Online reports that Ogun had earlier filed a suit against Sanwo-Olu at a Federal High Court in Lagos, accusing him of violating his fundamental rights by blocking him on his verified X account.
In the suit marked FHC/L/CS/1739/25, which he shared on Facebook, the lawyer claimed the governor blocked him over his 2021 “constructive criticisms” and “demand for accountability” on the October 2020 #EndSARS killings.
“In 2021, I noticed that the Governor blocked me on his official X handle @jidesanwoolu owing to my constructive criticisms of his policies and demand for accountability in respect of the October 2020 #EndSARS Massacre.”
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Ogun said the action has prevented him from accessing vital government updates and information.
“Blocking me on X has prevented me from accessing public updates and receiving information about policies and governance in Lagos, which constitutes a violation of my right to receive information without interference,” he said.
In his originating summons, he asked the court to declare the move unconstitutional, arbitrary, and discriminatory.
News
Tragedy Deepens As Prime Suspect in Taraba Student’s Death Found Dead
Published
13 hours agoon
September 13, 2025By
Editor
The investigation into the death of Comfort Jimtop, a 100-level Mass Communication student at Taraba State University, has taken a dramatic turn following the discovery of the lifeless body of Emmanuel Kefas, the prime suspect in the case.
Kefas’s body was discovered on Friday in the Tudiri community, Ardo-Kola Local Government Area, under unclear circumstances, intensifying public concern and adding a tragic dimension to a case that has already gripped the university community and residents across Taraba State.
Confirming the development on Saturday, the spokesperson for the Taraba State Police Command, James Lashen, said the police received a report from the village head of Tudiri about the discovery.
READ ALSO:Army Kills Notorious Bandit, Babangida, In Kogi
“A lifeless body was found in Tudiri, and a Tecno Android phone was recovered beside it,” Lashen stated.
“Upon charging the phone, investigators found a photograph showing the deceased with the late Comfort Jimtop, suggesting they were in a romantic relationship.”
Lashen added that the body has been taken to the Federal Medical Centre (FMC) in Jalingo for autopsy. At the same time, efforts are ongoing to officially identify the remains through the suspect’s family.
READ ALSO:Four Feared Killed As Gunmen Attack Burial Ceremony In Anambra
Police have yet to determine whether Kefas’s death was the result of suicide, homicide, or an accident. Investigations into both deaths are continuing.
Comfort Jimtop’s mysterious death had earlier sparked outrage on campus and across the state, with students and rights groups demanding justice. Kefas was named a prime suspect in the case, which remains open.
This latest development has left many unanswered questions and deepened the grief surrounding the case.
Students, residents, and civil society groups are closely monitoring the situation, calling on authorities to ensure a thorough investigation and bring clarity to the tragic chain of events.
News
Ossiomo, Chinese Impasse: This Is Our Story — Management
Published
15 hours agoon
September 13, 2025By
Editor
The management of Ossiomo Power Plant has cleared the air on the dispute between its Chinese partners and the circumstances surrounding the shutting down of the power plant early this month.
Representative of Ossiomo management, Engineer Festus Evbuomwan, during an interactive session with customers on the impasse between the two partners, said contrary to the rumour making the rounds, the management of Ossiomo Power Plant had paid over ₦2bn to its Chinese partner — Jiangsu Communication Clean Energy Technology (CCETC) — since the power plant started operation.
Recall that representative of CCETC who identified himself as Mr. ‘W’ had, during a telephone phone interview two weeks ago, claimed that “instruction to shutdown was because we lost lots of money and did not get any return on investment,” adding that “all the $20m investment was done by us including the distribution lines.”
But Evbuomwan during the interactive session, said the management was not aware of the $20m investment the Chinese partner claimed, just as he disclosed that “when they generate power, we sell and pay them.”
READ ALSO:Edo Govt Denies Shares As Ownership Tussle Rocks Ossiomo Power
He disclosed that after shutting down the power plant, the Chinese partners came up with a request of ₦185m to be paid to two Chinese not known to the management, stressing that this was declined.
According to him, the Chinese partner, having seen how lucrative the business is, “went to some quarters and raised some issues probably thinking they can manoeuvre us with the help of some big persons, so that they can use their machines to generate power and sideline us but this is not possible.”
“The Chinese partners also claimed that they borrowed $20m from their native land to invest, we are not aware of such investment, and we do not know where the money was invested up till now.
“They have been also saying they have not been receiving anything, but I want to tell you unequivocally that first, the partners run a joint account where their investment is going into. More so, The Chinese partners have received over ₦2bn so far for the power they generate with their machines. When they generate the power, we sell and pay them.”
READ ALSO: Five Years After, Edo Govt Reconnects To BEDC As Ossiomo Shut Down
Engr. Evbuomwan, while apologising to customers for the power outage caused by the dispute between the two partners, said Ossiomo had started power generation though not in full capacity, assuring that power generation would be fully restored soon.
“We have purchased turbines, and one have started working. They are working on the second one, so, by the time our five turbines start working we will be in full capacity. Even with that, those connected to the government may not be reached immediately. This is because the government bought the poles and contracted the wiring, and we cannot force the government to do our bid. Also, we are making efforts to site 33kva transformer along Airport Road and Lagos Road as soon as possible, so that our customers there will get power.”
He said the Edo State government does not have a stake in the company, just as he appealed to the “government to let us supply power to customers in through their Lines. I want to emphasise that Ossiomo is not completely shut down.”
He further urged the “government to encourage the Nigerian citizens to invest and not to work against local investors.”
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