MBGN pageant reduces age limit of contestants to 23 years from 26

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To contest at the 2013 Most Beautiful Girl in Nigeria pageant, you can't be more than 23 years old. For the first time since the pageant was created in the 80s, the age limit of contestants is now 23 years. (18-23) Before now it was 18-26.  The current queen Isabella Ayuk won the pageant last year at the age of 25...and the controversy over her real age was crazy. A lot of people said she was over 30. Plus the age limit for Miss World is 25, so the pageant organizers Silverbird Entertainment must have their reasons for reducing the age limit of contestants going forward.

CBN Pegs New Deposit Limit For Account Holders

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The Central Bank of Nigeria (CBN) yesterday set new deposit limits for all categories of account holders and introduced three-tier Know Your Customer (KYC) requirements for banks. With the new policy, bank customers have now been categorised into Low Value Accounts (Level One); Medium Value Accounts (Level two) and High Value Accounts (Level three). 
For Low Value Account holders, the policy pegs a maximum single deposit amount of N20,000 and maximum cumulative balance of N200,000 at any point in time.  For Medium Value Account holders, a maximum single deposit of N50,000 and a maximum cumulative balance of N400,000. However for the High Value Account, no limit is placed on cumulative balance.

EFCC advises travellers not to exceed $10000 forex limit

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Economic and Financial Crimes Commission on Sunday advised persons travelling out of Nigeria not to exceed the statutory $10,000 foreign exchange limit.

EFCC Secretary, Mr. Emmanuel Akomaye, who gave the advice in an interview with the News Agency of Nigeria in Abuja, said any traveller carrying any amount above the limit should be prepared to declare it to Customs.

Akomaye blamed Nigeria’s fraud, terrorism, money laundering and drug vulnerability on its cash-based economy and commended the National Assemby for showing commitment to strengthening Nigeria’s anti-money laundering and anti-terrorism laws.

The commission on Thursday arrested a 24 year-old Nigerian, Abubakar Tijani Sheriff, for allegedly attempting to travel out with the sum of $7 million (N1,120,000 billion).

He was arrested at the Murtala Muhammed International Airport, Lagos as he was trying to travel to Dubai aboard a United Arab Emirates flight.

After his arrest, he said that he had a total sum of $4.5million.

But when he was thouroughly searched, he was found to have $7,049,444 on him.

He later confessed that he was a courier for 20 individuals who hired him to take the money for them to Dubai.

Authorities said they were working on the theory that he was a money laundering courier.

He has reportedly named 20 individuals who sent him on the errand.

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Source : punchng[dot]com