Concern mounts over dirty naira notes in circulation

●CBN: We’ll deal with problem There is growing concern among members of the public over the widespread circulation of dirty and mutilated naira notes, investigations by New Telegraph have revealed. Reports from this newspaper’s correspondents across major cities in the country – Lagos, Kano, Asaba, the Federal Capital Territory, as well as Port Harcourt – indicate that Nigerians are worried about the filthy and tattered notes, especially the N100 and N50 denominations, in circulation. This is even as the Central Bank of Nigeria (CBN) has revealed that it is coming…

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NSA probes N15bn recovery

The National Security Adviser (NSA), Major General Mohammed Monguno (rtd), has begun an investigation into the recovery of about N15 billion by the Economic and Financial Crimes Commission (EFCC). This is as President Muhammadu Buhari has directed the Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN), to submit a report on the recovery. The EFCC had, last week Wednesday, recovered $43.4 million, £27,800 and N23.2 million totalling about N15 billion from a private apartment at the Osborne Towers in Ikoyi, Lagos. New Telegraph was informed…

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How EFCC raided Lagos apartment, recovered billions

The serenity of the highbrow area of Osborne road, Ikoyi, Lagos State, on Wednesday was shattered by gunshots. The gunshots, which reverberated through the quiet community, were from smoking guns of operatives of the Economic and Financial Crimes Commission (EFCC). The operatives reached Osborne road about 4:30p.m. The reason for the sporadic shooting is yet unknown, but people in the area, including guards attached to the posh houses scampered for safety. Some of the guards made valiant efforts to hurriedly lock their gates before bolting for cover. When the gunshots…

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POLITICAL NOTES: Defection unlimited

Defection in Nigeria’s politics predates independence. It first crept into the country’s political lexicon in 1951, when some members of the National Council for Nigeria and Cameroon (NCNC) were lobbied to cross over to the Action Group (AG), both defunct, to stop the former from forming the government in the then Western Region. Since then, jumping of ship by politicians have characterised the country’s political landscape. But it has assumed an alarming dimension with the advent of the present dispensation (Fourth Republic) in 1999, especially since after the 2015 general…

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Democracy taking rooting in Africa – Yakubu

Chairman of the Independent National Electoral Commission (INEC), Prof. Mohamood Yakubu, has said that African democracy has come of age with seamless transition of power from ruling party to opposition. Yakubu, who spoke yesterday when he received the Economic Community of West African States (ECOWAS) Commissioner in charge of Political Affairs, Peace and Security, Mrs. Halima Ahmed, noted that for the fact that about seven incumbent presidents lost election and conceded victory was an indication that democracy is now a culture among Africans. The INEC chairman, who was recently elected…

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Democracy taking rooting in Africa – Yakubu

Advocates peer review to deepen democracy  Chairman of the Independent National Electoral Commission (INEC), Prof. Mohamood Yakubu has said that African democracy has come of age with seamless transition of power from the ruling party to opposition. ‎Prof. Yakubu, who spoke on Wednesday when he received the Economic Community of West African States (ECOWAS) Commissioner in charge of Political Affairs, Peace and Security, Mrs. Halima Ahmed,‎ noted that for the fact that about seven incumbent presidents lost election and conceded victory is an indication that democracy is now a culture…

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Historical documentation of Ubulu Kingdom

BOOK TITLE: The story of Ubulu Kingdom, A Historical Documentary of the People of Ubulu AUTHOR: Esther Nwogwonuwe Wright PUBLISHER: Opelsey Ventures Nigeria PAGE: 324 pages Tony Okuyeme   Inspired by the need to preserve her people’s cultural heritage, against the backdrop of the erosion of the country’s cultural heritage”, writer, theatre director and filmmaker, Esther Nwogwonuwe Wright, embarked the production of a film on the people of Ubulu. She therefore set out from Lagos to her hometown Ubulu-Uku in 2005. But as events unfolded, what she discovered and verified…

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