Naira Redesign: Launders Using Stashed Cash to Buy Properties – EFCC
The Economic and Financial Crimes Commission, EFCC, has revealed ploy by suspected launders of using stashed cash to purchase properties. Chairman of the EFCC, Abdulrasheed Bawa made the disclosure during…
CBN Licenses 400 Kogi Money Agencies For Naira Swap
The Central Bank of Nigeria has licensed 400 money agents to facilitate easy swap of the newly redesigned notes by rural dwellers. This is to enable more people to meet…
Naira Redesign: 3 Governors Under Watch Over Stashed Cash – EFCC
Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa has revealed that the agency is currently monitoring three serving state governors over moves to launder cash through table…
Naira Redesign: MURIC Calls For Deadline Extension
The Sokoto State Chapter of the Muslim Rights Concern has appealed to the Federal Government to extend the deadline for the expiration of old naira notes by at least two…
Naira Redesign: Consider Converting Lower Currencies into Coins– LCCI to CBN
Dr Michael Olawale-Cole, president, Lagos Chamber of Commerce and Industry (LCCI), urged the Central Bank of Nigeria to consider converting lower currency notes into coins. Olawale-Cole said this on Thursday…
Naira Redesign: No Going Back on January 31st Deadline – CBN
The Central Bank of Nigeria has again said that the January 31 deadline for the validity of the old 200, 500 and 1,000 naira notes remains unchanged. This is as…
Naira Redesign: We Have Trouble Fishing Out Counterfeits
The Central Bank of Nigeria (CBN) on Thursday revealed it is yet to fish out counterfeits of the naira note. Amina Abdulmalik, Deputy Director, Currency Operations Department, CBN, said this…
EFCC Arrests New Naira Notes Hoarders In Abuja
The Economic and Financial Crimes Commission (EFCC) has in separate operations arrested members of a syndicate of currency racketeers hoarding and trading the redesigned Naira notes. According to the EFCC…
Naira Redesign: ISWAP Switches to CFAs for Tax Transactions with Farmers, Traders
The Shura Council of the Islamic State of the West African Province, ISWAP has banned the naira as a means of transaction for the illegal tax it collects from peasant…
Banks Will Accept Old Naira Notes After Deadline – Emefiele
Governor of the Central Bank of Nigeria, Godwin Emefiele has said that banks will continue to accept the old naira notes even after the stipulated deadline. The CBN governor made…