Eko Hot Blog reports that a crack team of police officers led by DCP Eloho Edwin Okpoziakpo has been deployed to support the Special Investigator appointed by President Bola Tinubu to probe the activities of the Central Bank of Nigeria (CBN) and related entities. The team’s preliminary intelligence has reportedly sent jitters down the spines of … Read more
AGF Malami and CBN Governor Emefiele are set to be charged with contempt over the ongoing Naira crisis. Abdulhakeem Mustapha, the lead counsel for the three states made this known on Thursday. Following the Supreme Court verdict on the Naira redesign policy, neither the CBN governor nor the AGF made any official statement about compliance … Read more
The CBN is awaiting legal advice concerning the Supreme Court ruling. The apex court in its ruling declared the naira redesign policy was an affront to the 1999 Constitution of the country. The court also directed CBN to keep the old N200, N500, and N1,000 notes in circulation till December 31, 2023. EKO HOT BLOG … Read more
The CBN has dismissed rumours that it will shut down banking services during the 2023 elections. It was reported that banking services would be suspended from Thursday, February 23 to Monday, February 27, 2023. Reacting via a tweet on Thursday, the apex bank described the report as fake. EKO HOT BLOG reports that the Central … Read more
The CBN has come under fresh fire from Ganduje. The governor described the CBN’s Naira policy as ‘COVID-23’. Ganduje also slammed his counterparts Godwin Obaseki and Duoye Diri, respectively, for going to court. EKO HOT BLOG reports that the Governor of Kano State, Abdullahi Umar Ganduje has remained unsparing in his condemnation of the naira … Read more
Police have issued a sterned warning to protesters over attacks on bank facilities. Police have warned that anybody caught attacking banking facilities “will be treated as an armed robber.” The Force spokesman Olumuyiwa Adejobi warned Nigerians to remain calm as defaulters would be dealt with. EKO HOT BLOG reports that the Nigeria Police Force has … Read more
The CBN has ordered banks to collect old N500 and N1,000 notes. The CBN pegged the maximum amount the banks can collect at N500,000. The CBN also maintained that the old N500 and N1000 currencies were no more legal tender. EKO HOT BLOG reports that the Central Bank of Nigeria, CBN has directed commercial banks … Read more
President Buhari has disclosed that he instructed the CBN Governor, Godwin Emefiele to change Naira design. “I authorised the CBN to redesign the N200, N500, and N1000 Nigerian banknotes,” Buhari said. Buhari said this during a national broadcast. EKO HOT BLOG reports that President Muhammadu Buhari on Thursday confirmed that he gave the directive for … Read more
The CBN has announced the discontinuation of old Naira notes as legal tender in Nigeria. The CBN said old Naira notes of N200, N500, and N1000 have ceased to be legal tender. The declaration was made by the Branch Controller of the Central Bank of Nigeria (CBN), Bauchi, Haladu Idris Andaza. EKO HOT BLOG reports … Read more
Buhari has summoned the CBN governor Emefiele, Tambuwal and others to the Aso Rock. The meeting was held amid the scarcity of naira notes which had elicited protests in various parts of the country. Buhari had implored Nigerians to give him a seven-day window which lapses on February 10 to resolve the currency crunch. EKO … Read more
President Buhari has urged Nigerians to give him 7 days to resolve the currency redesign crisis rocking the country. Buhari said the currency re-design will give a boost to the economy and provide long-term benefits. He spoke after his closed-door meeting with governors of the All Progressives Congress. EKO HOT BLOG reports that President Muhammadu … Read more
CBN Governor Emefiele is in fresh trouble as Reps threatened warrant of arrest on him over naira notes swap. Section 89 gives the parliament power to issue a warrant of arrest on anybody who refuses to honour an invitation from them. The lawmakers would reconvene on Tuesday to take an action against Emefiele and other … Read more
The CBN Governor Emefiele has secretly returned to the country amid calls for his arrest. EKO HOT BLOG reports that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has secretly returned to Nigeria. The embattled CBN chief reportedly returned to the country amidst the call for his arrest over allegations of fraud … Read more