Video of man printing N1000 notes raises eyebrows (Video)

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A shocking video of a young man printing and cutting 1,000 naira notes has gone viral on social media. In the video, a dark-skinned man was spotted trimming the edges of the allegedly falsified 1k notes and making it look so original.

This video has attracted lots of comments from netizens who advised that individuals stay ‘woke’. @Calebikechukwu said: “Omoh, guys please stay woke, these people are not playing out there.” @Ruthy_daisy wrote: “Wetin person no go see for this country, mtcheeew.” @Benard_Tom added: “This is wickedness, why will people be doing this? Las na innocents person them go catch, so sad.” @user760056829538 commented: “Counterfeits go full everywhere now because of this new money.” @LadySonia01 said: “They should be arrested for this. This is so insane.” Watch the video below: @famoussaad3 Pls be careful with the money you collect share video an see what is happening #tiktok #trend #fyp #viral #goviral #hausacomedy #fyppppppppppppppppppppppp #centralbankofnigeria #naira ♬ original sound – Khaleefa 💫

AAUA graduate stabbed to death over N1,000 debt

AAUA graduate stabbed to death over N1,000 debt

A graduate of Adekunle Ajasin University Akungba, Akoko (AAUA) has been stabbed by an indigene over a debt of N1000. AAUA The deceased, who has been identified as Temitayo, was reportedly stabbed with scissors in the late hours of Thursday, April 6, around Ebenco filling, opposite Akua junction, Akungba. Some passersby’s rushed to Aduloju Hospital where he was stabilize for a few hours. However, he became worst due to the injuries he sustained. According to the University’s Student Union, Temitayo had intervened dispute between an “Egbon Adugbo” and a third party who owned the Egbon Adugbo an amount of N4000. However Temitayo promised to settle the bill for the latter. Temidayo was able to reimburse the perpetrators 3000 naira out of the 4000 naira but was unable to pay the remaining 1,000 naira outstanding which resulted into an argument causing the death of the fresh graduate. “A guy (the third party) was owing them money,” the source said “and he told them (the perpetrators) that he will help the guy to pay the money to avoid drama. So he paid 3k out of the 4K and couldn’t raise the last 1k. So they started disturbing him and he said they should stop disturbing him that he did not owe them that he only rendered a help and this afternoon(today) a guy came into the villa.” “As usual they acted as Egbon ADUGBO to collect money. So he said he can’t give them, which led into an argument as if they’d meant to deal with him … and they came from nowhere to stab him after a lot of arguments and they scattered the villa with bottles and spoiled our gate”, the student Union told the Gazette.    

CBN denies ordering banks to accept N500, N1000 notes

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The Director of Corporate Communication at the Central Bank of Nigeria (CBN), Mr. Osita Nwanisobi, debunks reports claiming that the CBN instructed banks to collect old N500 and N1,000 notes.

CBN debunks report on ordering banks to accept N500, N1000 notes

In a Tweet via the micro-blogging platform, Twitter, Mr Osita released a statement affirming that the report about deposit money banks accepting old notes is false. He insisted on President Buhari’s order to only roll out old N200 notes. The statement reads; “The attention of the Central Bank of Nigeria has been drawn to some fake and unauthorised messages, quoting the CBN as having authorised the Deposit Money Banks to collect the old N500 and N1,000 banknotes.   “For the avoidance of doubt, and in line with Mr. President’s broadcast of February 16, the CBN has been directed to ONLY re-issue and recirculate the old N200 banknotes and this is expected to circulate as legal tender for 60 days up to April 10.   “Members of the public should, therefore, disregard any message and/or information not formally released by the Central Bank of Nigeria on this subject.   “Media practitioners are advised to PLEASE verify any information from the correct sources before publication.”

CBN debunks report on ordering banks to accept N500, N1000 notes

CBN instructs banks to collect old N500, N1,000 notes

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Banks have been instructed by the Central Bank of Nigeria (CBN) to accept the old N500 and N1,000 notes from their customers who have obtained a reference code generated from the CBN website.

CBN instructs banks to collect old N500, N1,000 notes

According to sources from multiple banks, their branches were recently instructed by the head office to comply with this directive. A top CBN official confirmed the directive: “Yes we have directed them to collect the old N500 and N1,000 from customers, subject to maximum of N500,000.” It is recalled that President Muhammadu Buhari directed that the old N500 and N1,000 notes are no longer considered legal tender, and individuals in possession of these notes should take them to the CBN. In response, the CBN established a portal for individuals to register how much they wish to deposit and receive a reference code to confirm their registration. This reference code can then be used to deposit the old notes at any CBN office throughout the country. However, investigations suggest that due to the high number of people visiting CBN offices to deposit their old N500 and N1,000 notes, the CBN have authorized banks to collect these notes from their customers. A bank official and branch head informed Vanguard that their branch did not open to customers today due to safety concerns, but they plan to begin collecting old notes from customers tomorrow (Saturday).