COVER STORY

Unprocessed Applications Will Be Deleted From CRP After 2 Months — CAC

The Corporate Affairs Commission (CAC) said applications yet to be processed for more than 2 months will be tagged ‘abandoned’ and deleted. In a statement on Friday, the commission many applications have been abandoned, creating a burden on its database. It urged applicants who…

19/02/2023

US Government Denies Visa To Justice Kekere-Ekun

Justice Kudirat Kekere-Ekun, the judge who read the January 14, 2020 Supreme Court judgment in the disputed Imo governorship election has been denied visa to the United States, a document sighted by DAILY INDEPENDENT has revealed. It will be recalled that a seven-man…

18/02/2023

Central Bank of Confusion: CBN’s Conflicting Orders Cause Maximum Confusion

The Central Bank of Nigeria on Friday threw depositors into confusion as it gave conflicting orders on the deposit of old N1,000 and N500 notes. The conflicting orders emanated from media reports based on anonymous briefings by senior officials of the bank, a…

18/02/2023

New Naira: Supreme Court Ruling Remains Valid – Lagos AG

The Lagos State Attorney-General and Commissioner for Justice, Moyosore Onigbanjo, has said that the position of the Supreme Court on the naira redesign of the Central Bank of Nigeria remains valid. The AG said the rejection of the old notes by some persons…

17/02/2023

Raheem: Suspect Plans No-Case Submission, Prosecution Closes Case

An Assistant Superintendent of Police, Drambi Vandi, who allegedly killed a Lagos-based lawyer, Omobolanle Raheem, on Christmas Day on Wednesday, told a Lagos State High Court sitting at Tafawa Balewa Square, that he was going to file a no-case submission in a…

17/02/2023

BREAKING: Buhari Orders CBN to Recirculate Old N200 Notes

President Muhammadu Buhari has ordered the Central Bank of Nigeria (CBN) to recirculate the old N200 bank notes, which will remain legal tender with the newly re-designed N200, N500 and N1,000 notes until April 10, 2023. The President disclosed this in a national…

16/02/2023

Supreme Court Adjourns Suit on Old, New Naira Notes

The Supreme Court has adjourned the suit filed by state governments to challenge the naira redesign policy of the Central Bank of Nigeria (CBN). The Supreme Court adjourned the case till Wednesday, February 22 for a hearing of the consolidated suits by 10…

15/02/2023

New Naira: FG, CBN Will Act After Supreme Court Ruling – Presidency

The Presidency has said that neither the Federal Government nor the Central Bank of Nigeria had taken a stand on the continued use of the old N200, N500 and N1,000 notes as legal tenders seeing that the case is still pending before…

15/02/2023

Three Steps To Follow In Depositing Old Naira Notes

Amid confusion over the commercial banks’ refusal to take the old naira notes from Nigerians, there are some steps to follow to ensure the banks collect the notes. The banks had justified their action on the February 10 deadline given by the Governor…

15/02/2023

[BREAKING] New Naira: Emefiele Insists on February 10 Deadline

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that there was no need to shift the February 10, 2023 deadline. He said this during a visit on Tuesday to the Ministry of Foreign Affairs, to discuss the monetary and…

14/02/2023

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