Nigeria's currency, the Naira, in all its denominations, has been severely mutilated, overused and over-circulated such so it is becoming a dilemma of luck to stumbled upon a clean note.
Showing posts with label Naira. Show all posts
Showing posts with label Naira. Show all posts
Sunday, April 13, 2014
Nigerians To Continue spending Dirty and mutilated notes
Friday, January 10, 2014
Exchange Rate: Naira stays strong against dollar, Pound
Lagos – The Nigerian currency, the Naira, on Friday traded on a stable platform against two major international currencies, the dollar and the pound sterling, as transactions ended for the week.
The dollar and the pound sterling were sold at ₦155.72 and ₦170, respectively, at the official and bureau de change since Jan. 6.
At the black market, the Naira was exchanged for the dollar at ₦170, while the pound sterling went for ₦270.
Thursday, November 7, 2013
Anambra State Governor, Obi Presents 1.5 Billion Naira Cheque To Schools
The presentation was made at the official launch of SEPIP, a World Bank project, which held at the Women Development Center in Awka.
Saturday, September 7, 2013
Check out Dele Momodu's Trillion Naira Letter to President Jonathan
Your Excellency,
I’m compelled to write you again today since I don’t have any other form of access to deliver this to you.
Friday, September 6, 2013
My Trillion Naira Letter to President Jonathan – Dele Momodu
I’m also not sure you read the other open letters I have written to you, especially ‘My Kobo Advise to Mr President’.
If you did I hope that you digested the content and pondered on them as I expected you would. My doubts are due to your continued actions.
Continue after the break.
Thursday, July 4, 2013
ATM Fraud: Fake Naira Notes Being Put Inside ATM Machines
The House of Representatives has directed its Committee on Banking and Currency to investigate an alleged dispensing of fake naira notes by some Automated Teller Machines, ATMs, in some elements of the country.
Moving the motion under matters of urgent national importance, Hon. Yusuf Ayo Tajudeen, noted that in 2001 the Central Bank of Nigeria, CBN, introduced ATMs as a platform for transacting business by customers and used as payment modules in carrying out other businesses such as for instance money transfer, payment of utilities and similar transactions which had impacted positively on banking operations, service delivery and safety of customers fund.
Thursday, June 6, 2013
Why we can’t enforce ban on naira spraying - CBN
The Central Bank of Nigeria on Wednesday said the law enforcement agencies should be held responsible for the ineffectiveness of the law banning spraying of currencies at social gatherings in the country. The CBN said because of the disinterest shown by the law enforcement agencies in apprehending those violating the law banning spraying of currencies, the perpetrators had persisted in the unlawful act.
Deputy Governor in charge of Operations, CBN, Mr. Tunde Lemo, who said this in Abeokuta during a sensitisation workshop on the commencement of the cash-less policy in Ogun State, however, said it was not the duty of the apex bank to enforce the law. The Federal Government had, through a bill signed into law in 2007 by the administration of former President Olusegun Obasanjo, criminalised all manners of abuse of the Naira. The law also prescribed six months imprisonment or N50,000 fine or both sanctions for offenders. Lemo, however, expressed regret that the law enforcement agencies had so far been unable to arrest or prosecute any violator for spraying money or abusing naira notes since the bill was signed into law about six years ago.
Tuesday, April 9, 2013
Why Do You desire to Buy Twitter Followers?
To buy or not to buy is the approach here! The choice is completely up to you. Either way is both all right and legal. No matter which way you may choose, you are making the decision based upon what is right for you in addition to/or your industry. So no matter which way that you desire, you will do what you need to do in order to make the most of using Twitter.
If you are utilizing Twitter, you may be puzzled why you desire to buy Twitter followers for. What is wrong with getting them the old fashioned way? Why pay for followers when you can get them for free with a not much elbow grease? There is nothing blameworthy with wanting to do things this direction! Some general public want to do this for their own reasons. It is just much dependent your manufacturing, in addition to what you are backbreaking to accomplish with your business. at times it is not fitting to give a lot of money to buy a following.
Friday, March 15, 2013
Another Yahoo Boy: EFCC Arraigns Akinluyi Akintunde for 1.1 Billion Naira Scam
The Economic and Financial Crimes Commission, EFCC, on Wednesday, 13 March, 2013 arraigned Akinluyi Akintunde (a.k.a Akin Cindy) before Justice Bolaji Yusuf of the Oyo State High Court, sitting in Ibadan on a two count charge bordering on obtaining money by false pretence and possession of documents containing false pretence contrary to Sections 6, 8(b) and 1 (3) of the Advance Fee Fraud and Other Fraud Related Offences Act No. 14 0f 2006.
Akintunde allegedly obtained the sum of $450.00(Four Hundred and Fifty USD) from one Robert Jackson via Western Union Money Transfer and another $6,450,000.00 (Six million, Four Hundred and Forty UDS) about 1.1 billion naira through false documents.
Monday, February 25, 2013
How Gov. Peter Odili Stole ₦100 Billion Naira Of Rivers State Money and Put It In Arik Air, Thisday
Ọmọ Oódua has obtained detailed draft charges that never made it to the courts regarding the brazen looting of Rivers State treasury by the state’s former governor, Peter Odili. The documents show how Mr. Odili used a combination of government officials and personal companies disguised as fronts to fleece Rivers State to the tune of N100 billion between 2004 and 2007.
Ọmọ Oódua analysis of the draft charges, which were prepared by well-known Nigerian lawyer Festus Keyamo on behalf of Economic and Financial Crimes Commission (EFCC) under the chairmanship of Mrs. Farida Waziri, reveal that, between December 2004 and September 2006, Emmanuel Nkatah, a personal staff of the governor operating at the Rivers State liaison office in Abuja, alone withdrew over N4 billion naira from Zenith Bank account No. 6010916567 which belonged to Rivers State Government House.
Saturday, February 23, 2013
Man spends 11 Million Naira to look like Britney Spears
Plastic surgery today can make you look like whoever you like, man or woman. A young man was a great fan of Britney Spears and went under the knife to prove it. Kara Nicole Hays spent approximately $70,000 to get the look of Britney Spears the news media reported.
The 26-year-old believes that the surgery cost about $30,000, the remainder went to therapy, hormones, clothing, cosmetics and everything else he needed to make the transition. Hays said that his face is all natural and any resemblance to Spears is a lucky coincidence. "I never had facial reconstruction to look like a celebrity," he said.
The 26-year-old believes that the surgery cost about $30,000, the remainder went to therapy, hormones, clothing, cosmetics and everything else he needed to make the transition. Hays said that his face is all natural and any resemblance to Spears is a lucky coincidence. "I never had facial reconstruction to look like a celebrity," he said.
Wednesday, February 20, 2013
Nollywood Actor, Richard Mofe Damijo Embezzled 50 Million Naira - EFCC
Philo Nkem Ajufo, the acting General Manager of Delta State Tourism Board, has been detained by the EFCC in Abuja over her role in a financial scheme. Ms. Ajufo is reportedly being quizzed for conniving with her boss, Richard Mofe Damijo (RMD), to embezzle N50 million from the state Ministry of Culture and Tourism.
Mr. Mofe Damijo, a well known Nollywood star, is the commissioner in charge of the ministry. Our EFCC said the commissioner was also being sought by the anti-corruption agency, but he has been elusive.
An EFCC source confirmed Ms. Ajufo’s arrest. “As we talk, the Delta State Tourism GM, one Mrs. Nkem Ajufo, is been held in our headquarters here in Abuja over her involvement in the N50 million fraud. Her boss, Mr. Richard Mofe Damijo, is not left out but as we speak he is still avoiding us,” said the source.
Tuesday, January 29, 2013
IN JUST 6 DAYS OF WAR, NIGERIA SPENDS CLOSE TO 7 BILLION NAIRA IN MALI
Nigeria has so far committed about $34million (about N7billion) towards the deployment of troops and logistics support to the Malian Crisis with an additional pledge of $5millionin further assistance.
President Goodluck Jonathan, who made this disclosure at the Donors’ Conference organized at the end of the 20th Ordinary Session of the African Union Summit in Addis Ababa, Ethiopia, on Tuesday, also revealed that 900 combat soldiers and 300 Air Force personnel are already on ground in Mali as part of the African-led International Support Mission in Mali (AFISMA).
Thursday, December 13, 2012
Matthew Ashimolowo completes billion Naira KICC University
The flamboyant preacher and senior pastor of Kingsway International Christian Church (KICC), has completed his billion naira KICC University situated at Ode Omu, Osun state. KICC University sits atop over 500 acres. The National University Commission of Nigeria requires at least 250 acres of land for a university campus.
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