• Senate tasks CBN on illegal hawking of new naira notes

    Senate tasks CBN on illegal hawking of new naira notes

    It was gathered that the Senate has condemned the hawking, selling and otherwise illegally trading in new naira notes.

    Adopting a motion sponsored by Mao Ohuabunwa (PDP, Abia North) and entitled, “Urgent need to end the illicit trade in freshly minted naira notes,” the upper chamber of the National Assembly urged the Central Bank of Nigeria to check the development in line with Section 21 of the CBN Act, 2007.

    It also urged the apex bank to strengthen its system that audits […]

  • Insert tracking device on naira notes – Don tells CBN

    Insert tracking device on naira notes – Don tells CBN

    A university don has called on the Central Bank of Nigeria to insert security chips on the nation’s currency notes for easy tracking of every naira in circulation.

    Prof. Sunday Adewumi made the call on Thursday in a maiden Professorial Inaugural Lecture of the Federal University of Lokoja, tagged: “Algorithms Makes Sense out of Nonsense’’.

    The don said that naira notes could be programmed to carry strip of chip containing some vital information that could be used to trace its whereabouts, whenever […]

  • Read my handover notes – Arase tells Idris

    Read my handover notes – Arase tells Idris

    Immediate past Inspector-General of Police (IG), Mr. Solomon Arase, has asked his successor, Mr. Ibrahim Idris, to avail himself with the handover notes he left before making spurious allegations about missing vehicles.

    Arase stated that the handover notes contain information on vehicles bought by the police.

    This is as some of the 24 vehicles, which Idris said his predecessor took away while leaving office, have been located at an auto repair shop in Abuja.

    The acting IG had, on Sunday, alleged […]