CBN Archives - Page 4 of 5

Jun

21

2023

High Court reserves ruling on Emefiele’s bail application

Economy, Lifestyle, PoliticsCBN, Court, Economy, Emefiele, Nigeria, Politics

The High Court of the Federal Capital Territory sitting in Abuja has reserved its ruling in the bail application of the suspended Governor of the Central Bank of Nigeria, Godwin Emefiele, to July 13, 2023. The presiding judge, Justice Hamza Muazu, gave the order after hearing the arguments of all parties in the matter. Emefiele, through his counsel, is challenging his detention by the Department of State Services (DSS) and the denial of access to members of his family and counsel. Counsel to both DSS and the Office of the Attorney General of the Federation opposed the bail application of…

Mar

26

2023

By Amos Oge Kalu

CBN Clears Air On Suspending OPAY & PALMPAY Accounts

Business, Economy, MetroBusiness, CBN, Economy, Metro, Money, Nigeria

The Central Bank of Nigeria (CBN) has debunked claims going around that it has suspended accounts of some Fintech companies like OPAY and PALMPAY. The apex bank in reaction to the reports described it as fake news. The Acting Director of Corporate Communications of CBN, Isa AbdulMumin, on Friday, March 24, 2023, in Abuja described the viral news as “simply fake’’. The report which was credited to AbdulMumin claimed that the CBN was about to suspend accounts of the Fintech companies because they were being used to perpetrate fraud. The viral news partly read, “Please if you are using OPAY,…

Jan

29

2023

By Amos Oge Kalu

Old Naira deadline is Feb.10, deposit to continue till 17th February – CBN.

Business, Economy, Lifestyle, Metro, Politics2023, Business, CBN, Economy, Emefiele, Metro, Nigeria, Politics

The Central Bank of Nigeria has extended the deadline for the swapping of old naira notes with the redesigned ones till February 10, 2023. The CBN stated this in a release on Sunday. The apex bank said it added “a 10-day extension of the deadline from January 31, 2023, to February 10, 2023, to allow for the collection of more old notes.” This is according to the CBN governor, Godwin Emefiele. He also noted that Nigerians would still be able to deposit their old notes directly with the CBN until February 17, 2023, described as “grace period.” There has been…

Dec

20

2022

By Amos Oge Kalu

Alleged terrorism: DSS can’t arrest Emefiele, court rules

Economy, News, PoliticsCBN, DSS/EFCC, Emefiele, Nigeria, Politics

The Chief Judge of the Federal High Court Abuja, Justice John Tsoho, has rejected the suit filed by the Department of State Services to arrest the governor of the Central Bank of Nigeria, Godwin Emefiele over terrorism charges. The Chief judge described the suit as an illegal operation and plot to deceive the court into granting a frivolous order to help them arrest and deprive an innocent man of his personal liberty. Delivering his ruling on suit No. FHC/ABJ/CS/2255/2022 between State Security Service (applicant) and Godwin Emefiele (respondent), Justice Tsoho said the entire affidavit depositions, especially as per paragraph 4…

Dec

20

2022

By Amos Oge Kalu

Withdrawal Limit: I am not available to brief you – Emefiele writes Reps

Business, Economy, News, OpinionBusiness, CBN, Economy, Emefiele, National Assembly, Nigeria, Representatives

The Central Bank Governor, Godwin Emefiele has once again failed to appear before the House of Representatives over the cash withdrawal limit policy of the CBN. The CBN Governor, in a letter written by the Deputy Governor, of Corporate Services, Edward Adamu, said he is currently outside the country for an official assignment. He stated that he will communicate with the House on an appropriate date. “Regrettably, the governor is unavailable to brief the House of Representatives at this time, because he has other scheduled official engagements he is currently addressing abroad. ”Accordingly, he has requested that we respectively convey…