Central Bank’s new cash withdrawal policy is illegal says human rights advocate, Femi Falana  

Femi Falana, a human rights advocate, has described the new cash withdrawal policy introduced by the Central Bank of Nigeria (CBN) as illegal and null. Falana expressed his dissatisfaction in a statement on Monday The central bank had earlier disclosed that it has directed deposit money banks and other financial institutions to ensure that weekly over-the-counter cash withdrawals by individuals and corporate entities do not exceed N100,000 and N500,000, respectively. The policy is expected to...

75-Year-Old Sunday Muoghalu Owns Up To Impregnating 13 Year – Old

Sunday Muoghalu, who resides at Agu-Oye Umudioka, Awka says he is responsible for putting a 13-year – old girl in the family way. The 75 year – old suspect stated this in an interview in Awka when he was asked the reason behind such action. In his defense he said that he was only playing with the young girl and never intended to impregnate her. This is coming after he was arrested last night by...

Chorale Competition in Enugu to Boost Youth Participation in Democracy

In a bid to mobilize and encourage youth’s participation in the democratic process in Enugu state and Nigeria at large, the Enugu Literary society, ELS, in collaboration with the West Africa Broadcast & Media Academy, WABMA, hosted a Chorale competition for youth choirs drawn from the 17 Local Government Areas in Enugu State. Speaking at the Grand Finale of the Chorale competition, Mr. Ken Ike Okere, a co-founder ELS, and WABMA consultant reveal that the...

How Southeast May Wish to Play the 2023 National Politics

“Southeast can benefit significantly from any government in power, if its politics are right” The Southeast Nigeria is virtually at a political cross road ahead of the 2023 General Election. Win or lose, the zone must be confronted by questions of power sharing. For instance, if the project for Nigeria’s president of Igbo extraction fails, what would be the fate of the zone in the next four or eight years? What would be its stake...

Nigeria Ranks Sixth in 2022 Africa Visa Openness Index

Nigeria has ranked sixth in the Africa Visa Openness Index (AVOI) while Benin, Seychelles and The Gambia ranked first, second and third, respectively. The AVOI report, the seventh edition, was released by the African Union (AU) and the African Development Bank (AfDB) at the 2022 African Economic Conference (AEC) held in Balaclava, Mauritius, on Sunday. AVOI measures the extent to which African countries are open to visitors from other countries by analyzing each country’s visa...

President Volodymyr Zelensky of Ukraine is Time magazine’s 2022 ‘Person of the Year’.

Time announced on Wednesday, hailing the 44-year-old Ukrainian president for his courage in the face of Russia’s invasion and for inspiring Ukrainians to remain steadfast and resist Russia’s full-scale invasion, which it launched in late February. In a feature story on Zelensky, the magazine said: “Zelensky’s success as a wartime leader has relied on the fact that courage is contagious. It spread through Ukraine’s political leadership in the first days of the invasion, as everyone realized...

Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, made it to the 2022 Forbes list of the world’s 100 most powerful women. Also on the list is the Chief Executive Officer of EbonyLife Group, one of Africa’s leading media conglomerates, Mosunmola Abudu, also known as Mo Abudu. While the former finance minister took the 91st position, the media mogul was the 99th woman on the list. Okonjo-Iweala was recognised for her contributions to the...

Tech Company Builds, Unveils First Nigerian-made Robot, Omeife

The Nigerian government last Friday launched Africa’s first humanoid robot, Omeife developed by the Uniccon Group. Speaking at the robot’s unveiling, the director-general of the National Information Technology Development Agency (NITDA), Kashifu Inuwa who represented the minister of communications and digital economy, Prof. Isa Ali Pantami, who was to serve as a proxy for the vice president, Prof. Yemi Osibanjo, said the innovation signifies a dawn in the nation’s journey to becoming one of the...

Naira Redesign: ATMs to Dispense N200, N100 from 9 January

The Central Bank of Nigeria (CBN) on Tuesday directed commercial banks to load only N200 and lower denominations into their Automated Teller Machine (ATM) starting from 9 January 2023. The directive is contained in a memo on the revised cash withdrawal policy, a sequel to the naira redesign policy, to deposit money banks and other financial institutions by the CBN. The memo was signed by the CBN director of banking supervision, Haruna Mustafa. Other policies...

It’s disgraceful that the south-west has the highest number of uncollected PVCs — Osoba

The former governor of Ogun state, Olusegun Osoba has described the high rate of uncollected PVCs in the 2019 election in the southwest as disgraceful. He expressed concern over the number of uncollected permanent voter cards (PVCs) in the region while speaking on Saturday at the inauguration of the All Progressives Congress (APC) campaign council in Ogun state. “PVC is vote. This work is grassrooted. In the south-west, we have the highest uncollected PVCs —...

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