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Residents of Akwa Ibom State, have raised the alarm over rejection of the old Naira notes by some commercials banks, almost one week before the January 31, 2023 deadline set by the Central Bank of Nigeria, CBN, to phase out the notes.Some Banks’ customers raised the alarm on Thursday when officials of the CBN led by the Branch Controller Uyo, MrAkwa Ibom Residents Raise Alarm Over Banks’ Rejection Of Old Notes
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The Central Bank of Nigeria (CBN) has issued a warning to commercial banks that have ATMs stocked with old notes that are set to lose their legal tender status by January 31st.During a sensitization program in Lokoja, the Kogi State capital, the Deputy Director of Currency Operations, Dr. Rekiyat Yusuf, stated that any ATM found to still have oldCBN Warns Commercial Banks Against Dispensing Old Naira Note
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The Central Bank of Nigeria (CBN) urged commercial banks in the country to comply with the directive of loading the newly redesigned naira notes in their Automated Teller Machines (ATMs).CBN Director, Currency Operations, Mr Ahmed Umar, stated this in Abuja on Monday, Jan. 9.Umar, who spoke at the Training Session for State Directors, National OriBREAKING: FG Warns Commercial Banks Against Loading Old Naira Note Into ATMs
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Following the accumulated debt owed by banks which rose to N80bn in November, the Association of Licensed Telecommunications Operators of Nigeria (ALTON) has threatened to stop the use of unstructured supplementary service data (USSD)Speaking in an interview with ThisDay, Gbenga Adebayo, chairman of ATCON, said the banks' refusal to pay the dALTON Threatens To Withdraw USSD Services Over Accumulated N80bn Debt Owed By Banks
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An unidentified money hawker was reportedly seen at a party venue with enormous wads of the new naira notes, charging N200 for N1,000.This is despite protests that some bank branches had already used up the limited supply of the newly redesigned naira notes supplied to them by their head offices as early as Thursday noon.It was earlier reported thWoman Seen Hawking New Naira Notes At Party Despite Shortage At Banks (Photos)
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Banks have been ordered to take down serial numbers of new naira notes whenever it is withdrawn. Nairametrics reported that the order came from the central bank. Operations staff of some of Nigeria’s commercial banks informed Nairametrics that they were instructed to write down all the serial numbers of the new naira notes whenever customers makBanks Told To Write Down Serial Number Of New Naira Notes During Withdrawal
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The newly redesigned naira notes will go into circulation on Thursday (today) with Deposit Money Banks releasing the bills to their customers via over-the-counter payments.This came about three weeks after the President, Major General Muhammadu Buhari (retd), unveiled the new bills at a weekly Federal Executive Council meeting in Aso Rock Villa.ThBanks Reconfigure ATMs As Newly Redesigned Naira Notes Enters Circulation Today
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Two banks reportedly played a huge role in the release of veteran Nigerian singer, D’Banj from the custody of the Independent Corrupt Practices and other Related Offences Commission (ICPC).The veteran artiste recently honored the invitation of the ICPC over allegations that he was involved in the fraudulent diversion of monies meant for the beneHow Two Nigerian Banks Influenced The Release Of Veteran Singer, D'Banj From ICPC Custody
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The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the newly redesigned Naira notes are already in banks and ready for issuance.According to a statement in CBN’s official twitter handle, Emefiele said so in Daura while on a visit to brief President Muhanmadu Buhari on the Naira redesign and the recently reintroduced cashNewly Redesigned Naira Now in Banks, Ready For Issuance – CBN Gov. Emefiele
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CBN Governor Godwin Emefiele has disclosed the amount of old notes received through the banking system to be swapped for new notes which become effective Jan 31, 2023. According to him, banks have received roughly N1trillion, DailyTrust reported. The Governor of the Central Bank made this revelation in Daura, Katsina State, while briefing journaliOver ₦1 Trillion Old Notes Has Been Received By CBN, Banks - Emefiele
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As part of efforts to ensure full compliance with the Naira redesign deadline, the Central Bank of Nigeria (CBN) has directed banks to accept cash deposits beyond cashless policy threshold.Osita Nwanisobi, director, corporate communications department of the CBN disclosed this on Thursday on the occasion of the CBN’s special day at the ongoing 2CBN Directs Banks To Accept Deposits Beyond Cashless Policy Limit
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About N52 billion cash has been deposited in Nigerian banks barely two weeks after the announcement of plans by the Central Bank of Nigeria (CBN) to redesign some naira notes. There were indications that the deposit sum may increase in the next few days because it is suspected that about N3 trillion cash was in circulation at the time the apex banNew Naira Notes: Banks Get N52b Cash Deposits In Two Weeks
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The United States has declared a Nigerian man, Musiliu Amusa wanted. Peoples Gazette reported that the man who resides in the United States of America allegedly stole thousands of dollars from many American banks using false identities. This was stated in an indictment record provided by the Grand Jury of the District of Maryland and obtained by PNigerian Man Declared Wanted After Defrauding US Banks By Presenting Himself As A Yoruba Diety
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The Association of Licensed Telecommunications Operators of Nigeria (ALTON) might disconnect banks across the country from accessing the Unstructured Supplementary Service Data (USSD) over rising debt. Members of ALTON include MTN Nigeria, Airtel, Glo and 9Mobile, and other telecoms operators. Some banks and the Telecom operators disagreed last yeTelecom Operators Threaten To Shutdown Banks’ USSD Services Over N80bn Debt
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Ayoleyi Hanniel Solomon, professionally known as Reekado Banks who is an award-winning Nigerian international singer, songwriter, and performer has just lost his mother. The ‘Ozumba Mbadiwe’ crooner made the sad news known via his Instagram page where he shared details of her passing. “It is with Heavy heart that we announce theNigerian Artist, Reekado Banks Loses Mom
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A suspected criminal paraded by the police in Zamfara State has narrated how he robs people after they withdraw cash from banks.The police spokesperson in Zamfara, Muhammad Shehu, claimed the suspect, Umar Usman, 39, in a confessional statement, said he is a member of a syndicate that specialises in monitoring customers who withdraw money in cash"How We Monitor People Who Withdraw Money From Banks, Rob Them" – Suspect, Isyaku Babangida
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At least two persons have been reportedly shot dead by armed men who robbed two commercial banks in Ankpa area of Kogi state on Tuesday, September 6. It was alleged that the robbers who shot sporadically and blew up security doors of the banks which they also ransacked, operated for hours without resistance. Some of those who sustained injuries duArmed Men Kill Two In Robbery Attack In Two Commercial Banks In Kogi State (Video)
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The robbers were said to have operated for nearly an hour without resistance as they besieged the facilities in several vehicles including buses and saloon cars shooting sporadically. They proceeded to blowing up the security doors and ransacking the buildings.Two victims identified as a young lady nemed Ummi and one Hassan Fine Boxer sustained inVIDEO: 2 Person Killed Following Robbery Of 2 Commercial Banks In Ankpa, Kogi State
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With this new development, many Nigerians may now have to ditch various fintech firms that reward savings with better interest than the banks.The interest rate on naira savings has been increased by the Central Bank of Nigeria. CBN raised the minimum interest rate on Naira savings deposits from 0.15 percent to 4.2 per cent, meaning more money forMore Money For Nigerians As CBN Orders Banks To Pay Higher Interest On Savings
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A video showing tanks on the streets in China, that are out to protect the banks has left internet users shocked.It is understood that this is because the Henan branch of the Bank of China is declaring that people’s savings in their branch are now ‘investment products’ and can’t be withdrawn.The clip from Henan shows a long queue of tanksVIDEO: China Uses Tanks To Stop People Getting Their Own Money From Banks
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Businesses in Owerri were shut today in compliance with the sit-at-home order allegedly issued by the Indigenous People of Biafra. Punch reported that Owerri, the Imo state capital was deserted as residents stayed indoors. Though IPOB had insisted that it was not part of the weekly sit-at-home order, but residents of Owerri, Imo state, had continIPOB: Sit-at-home: Banks, Schools, Marketplaces Shut in Owerri
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Tunde Adeowo, a 41-year-old Nigerian man in the United States, has admitted he played a role in a bank fraud conspiracy that targeted 12 financial institutions in southern New Jersey and southeastern Pennsylvania, according to SaharaReporters.Adeowo who was charged with one count of conspiracy to commit bank fraud pleaded guilty before U.S. Distri41-Yr-Old Nigerian Man, Tunde Adeowo Admits Committing $6 Million Fraud Across 12 Banks In US
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he Central Bank of Nigeria (CBN) has fined three banks a total of N800million for failing to comply with the directive to block customers from transacting in cryptocurrencies...Recall that in February 2021, the apex bank directed banks to close accounts of persons or entities involved in cryptocurrency transactions within their systems...In the ciCBN Fines Three Banks N800m For Flouting Cryptocurrency Order
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The warning is contained in a circular issued in Abuja by Ahmed Umar, the Director, Currency Operations Department of CBN, which he said took effect from April 1.The News Agency of Nigeria (NAN) reports that composed banknotes are mutilated currency notes comprising several parts of different banknotes of the same denomination.The parts of such cu"Stop Bringing Mutilated Banknotes To Us From April 1" - CBN Warns Banks
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The Senate on Wednesday March 16, passed a bill to amend the Money Laundering Act 2011The new bill now makes it mandatory for banks and other financial institutions to report, in writing, to the Special Control Unit Against Money Laundering under the Economic and Financial Crimes Commission, any single transaction or lodgment in excess of N5m forNigerian Senate Passes Bill Mandating Banks To Report Deposits Above N5M To EFCC
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Bishop David Oyedepo, founder, Living Faith Church Worldwide has said there are many stupid wealthy people whose net worth is N1bn but owing banks N10 billion.Oyedepo, speaking at a mid-week communion service at Canaanland, Ogun State said there is a kind of wisdom that made one looked like they are not of this world. “It is not found in the la";Wealthy People With N1bn Worth, But Owing Banks N10bn Are Stupid"; - Bishop David Oyedepo
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Bishop David Oyedepo, founder, Living Faith Church Worldwide has said there are many stupid wealthy people whose net worth is N1bn but owing banks N10 billion.Oyedepo, speaking at a mid-week communion service at Canaanland, Ogun State said there is a kind of wisdom that made one looked like they are not of this world. “It is not found in the la"Wealthy People With N1bn Worth, But Owing Banks N10bn Are Stupid" - Bishop David Oyedepo
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The Federal Competition Consumer Protection Commission (FCCPC) in conjunction with the Independent Corruptb Practices Commision(ICPC) and the National Information Technology Development Agency(NITAD) have raided some loan application platforms over consumer rights abuse.Some of the raided companies included; GoCash, Okash, EasyCredit, Kashkash, SpFederal Government Shuts Illegal Online Banks, Freezes Business Accounts
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According to a report by SaharaReporters, Deposit Money Banks have begun suspending their Automated Teller Machine cards (debit and credit) from working overseas as dollar scarcity continues to hit the economy badly.Also suspended by the banks are online transactions priced in foreign currencies.This means that customers of the banks will no longeNigerian Banks Stop Usage Of ATM, PoS Transactions Abroad Over Dollar Scarcity
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A video that captured moment robbers carted away money from one of the commercial banks they robbed in Uromi area of Edo state, has been shared online. Six persons were killed following the [size=14pt] gunmen attack on commercial banks [/size]in Uromi, Esan North East Local Government Area of Edo State, a police official said. The incidentWatch Outrageous Moment Thieves Carried Money Out From 3 Banks After Successful Operation
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