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CBN debunks reports it plans to phase out redesigned Naira Notes

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According to Linda ikeji blog :The Central Bank of Nigeria has called on the public to reject reports suggesting a withdrawal of the recently redesigned Naira notes from circulation. In a released notice, signed by the acting Director of corporate communication, Isa AbdulMumim on Sunday, April 30 the bank stated that the speculation is a ploy by some people to cause panic among members of the public. The bank reiterated that the old and new notes have been circulating side by side as they have been taking good delivery of a good quantity of the redesigned notes from the Nigerian Security Printing and Minting company Limited. It was also stated that the bank would remain committed to supplying the approved indent for the smooth running of the economy. The CBN also emphasized that the redesigned and the old currency, will continue to be accepted as legal tender for transactions ahead of the December 31, 2023 deadline.   The statement read; “We wish to state emphatically that such spe...
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Nigerian former senate president: UK court sentences Ike Ekweremadu to nine years and eight months in prison, his wife bags four years and six months

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The Central Criminal Court, Old Bailey, UK, has sentenced former Deputy President of the Senate, Ike Ekweremadu, to nine years and eight months in prison for organ trafficking.  The court also sentenced his wife, Beatrice, to four years and six months jail term. The doctor helping the couple out, Dr Obinna Obeta was sentenced to 10 years in prison. Recall that on March 23, the court found Ekweremadu, his wife, Beatrice, and their doctor, Obinna Obeta, guilty of trafficking a trader from Nigeria to the UK to harvest his organ, a crime under the United Kingdom Modern Slavery act 2015. The jury held that they conspired to bring the 21-year-old to London to exploit him for his kidney.The verdict is the first of its kind under the Modern Slavery Act 2015 of the UK. Source : welcome to Linda ikeji blog  
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