Author: Xpariso Media

The Central Bank of Nigeria (CBN) breaks silence on Supreme Court Judgement, and disclosed that the old N200, N500 and N1000 notes remain legal tender until December 31, 2023. CBN spokesperson, Isa Abdulmumin, who announced the development in a statement, stressed that the apex bank has ordered commercial banks to dispense and accept the deposit of old Naira notes The statement reads: “In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterized the government of President Muhammadu Buhari, and by extension, the operations of the Central Bank of Nigeria…

“It is unthinkable that Kwankwaso would hastily congratulate Asiwaju Tinubu on his questionable mandate which other candidates also claimed they won and had approached the court to seek redress.” The New Nigeria Peoples Party, NNPP, has given reasons why Rabiu Kwankwaso, did not congratulate the president-elect, Bola Tinubu. NNPP said Kwankwaso didn’t congratulate Tinubu because the presidential election was flawed. A statement by NNPP’s National Publicity Secretary, Agbo Major, said reports circulating that Kwankwaso congratulated Tinubu was a figment of the fertile imagination of anti-democrats, political hirelings and fifth columnists. Major said the party rejected the outcome of the election…

Following the alleged rigging of the poll, the United States chapter of NADECO last weekend, announced his expulsion from the group, citing a ‘fraudulent electoral process’. Nigeria’s president-elect Bola Tinubu has accused the presidential candidate of the Labour Party, Peter Obi of allegedly sponsoring one Lloyd Ukwu, a United States-based Nigerian who is the Executive Director of the National Democratic Coalition (NADECO), to smear him and discredit the February 25 presidential election. The Independent National Electoral Commission declared Tinubu, the presidential candidate of the All Progressives Congress, as the winner of the February 25 presidential election on March 1, 2023,…

An unspecified number of people have been injured after a passenger train has crushed a Lagos state government staff bus at PWD junction, Ikeja area of the state on Thursday. The accident happened around past 7am. According to an eye witness, the train was coming from Agege, met a BRT vehicle with the Lagos state government workers on board crossing the rail to link Ikeja GRA. The spokesperson for the Lagos State Traffic Management Authority, Taofiq Adebayo, said rescue operation was ongoing. “The accident recorded many casualties as the bus is fully loaded with Lagos State government staff members going…

The apex court also nullified the Federal Government’s naira redesign policy, declaring it as an affront to the 1999 Constitution. Justice Emmanuel Agim, who read the lead judgement, held that the preliminary objections by the defendants (the Attorney General of the Federation, Bayelsa and Edo states) are dismissed as the court has the jurisdiction to entertain the suit. Citing Section 23(2)1 of the constitution, the court held that the dispute between the federation and states, must involve law or facts. The apex court further held that President Muhammadu Buhari in his broadcast, admitted that the policy is flawed with a…

The Court of Appeal in Abuja dismissed an appeal filed by suspended DCP Abba Kyari seeking a reversal of an earlier ruling of a Federal High Court in Abuja that denied his request for bail. Justice Stephen Adah, who read the unanimous decision of a three-member panel, ruled just now that Kyari’s appeal was without merit. Given the nature of the charges pending against Kyari and others before the trial court, Justice Adah ruled that such a request for bail should be handled with caution. He ruled that Justice Emeka Nwite of the Federal High Court in Abuja, who had…

AN APPEAL FOR CAUTION AND RECTIFICATION Nigerian Brothers and Sisters, greetings to you alI. I am constrained to speak at this point. I crave the indulgence of the President of the Federal Republic of Nigeria, His Excellency General Muhammadu Buhari, to make this statement because I have had opportunity to keep him aware of what I know is happening and the danger looming ahead. On many occasions in the past, I have not hesitated to point out lacuna in the action of the President and his government. But as far as the election issues are concerned, the President has proved…

The Inspector General of Police, The agents representing the Political Parties National and International observers Members of the Diplomatic Corps My colleagues the Chairmen of Electoral Commissions from all parts of the world Representatives of various security agencies The media – national and international Distinguished ladies and gentlemen 1. On behalf of the Independent National Electoral Commission (INEC), I welcome you all to the formal opening of the 2023 Presidential Election Results Collation Centre. 2. As some of you are aware, collation of presidential election result in Nigeria is done at four levels after the conclusion of voting, counting and…

…Asks Ekiti people to vote for Tinubu for greater development Ekiti State Governor, Mr Biodun Oyebanji has urged electorates in the State to be law abiding during Saturday’s Presidential and National Assembly Elections. The Governor who gave the charge in a state-wide broadcast on Wednesday night also asked Ekiti residents to vote for the presidential candidate of the All Progressives Congress (APC) Asiwaju Ahmed Tinubu for a more enhanced economic and infrastructure development of the state. Oyebanji who has not minced words on his unflinching support for Tinubu stated that a Tinubu presidency would empower his administration to continue its…

The Director, Corporate Communication, of Central Bank of Nigeria, Mr. Osita Nwanisobi, has released a statement debunking the circulating report that CBN directed banks to collect the old N500 and N1,000. He said: “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…