The investigator also stated that the accounts where the billions were lodged have been traced. Reports have emerged that the former Central Bank of Nigeria Governor, Godwin Emefiele, illegally lodged billions of naira in no fewer than 593 bank accounts in the United States, United Kingdom, and China, without the approval of the apex bank’s…
This decision is to be taken to counter the naira scarcity hardship faced by Nigerians. President of the Federal Republic of Nigeria, Muhammadu Buhari is reportedly considering granting a 60-day extension for the old naira notes to coexist with the new notes. This concession, as reported by the Pulse, will only happen if some state…
The union also called for a quick resolve to the issue of naira scarcity in the country. The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has threatened to withdraw the services of its members, following attacks on commercial banks. Due to the hardship faced by Nigerians to get their hands on cash,…
The CBN governor also apologised to lawmakers for refusing to answer their previous summons. Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has assured Nigerians that commercial banks will still accept old naira notes from customers even after the February 10 deadline. Emefiele said this on Tuesday while appearing before the House of…
The redesigned notes are yet to be in proper circulation weeks after their unveiling. The Central Bank of Nigeria, CBN has revealed the reason the redesigned notes are still scarce after weeks of their introduction. Towards the end of last year, the CBN redesigned the 200, 500 and 1000 naira notes to upset the issue…
Ebun-Olu Adegboruwa (SAN), has called for the sack of the governor of the central bank of Nigeria, Godwin Emefiele. The Senior Advocate of Nigeria has forwarded his request for the sack of Godwin Emefiele to the president of Nigeria, Muhammadu Buhari. His request comes after, the CBN Governor, Godwin Emefiele purchased the presidential election form…
Reports from Bloomberg, indicate that Tesla.inc, an electric car company owned by the world’s richest man, Elon Musk has invested $1.5billion in Bitcoin. According to the news source, Tesla.inc will soon start accepting cryptocurrency as means of payment. Reports gathered say that after the news that Tesla. inc investment in Bitcoin spread round, the prices…
