Featured post

Nigerians Protest at London Hospital Over Buhari’s Foreign Medical Treatment

-
Image
In a powerful demonstration that shook the gates of the London Clinic on Harley Street, angry Nigerians in the UK staged a protest over the late President Muhammadu Buhari’s medical treatment abroad. The protest, led by the Take-It-Back Movement and other concerned Nigerians in the diaspora, condemned the former president for consistently abandoning the country’s failing healthcare system while spending taxpayers’ money on private treatment overseas. The protesters carried placards and chanted slogans, demanding accountability and change. They accused Buhari of hypocrisy—refusing to improve Nigeria’s hospitals during his eight years in power, yet benefiting from one of the most expensive hospitals in the UK at the expense of public funds. "No hospitals at home, they steal from us and fly abroad for treatment," read one placard. One protester passionately declared, “When this man was ill, we were never told what held him. Nigeria saved him for eight years, and he left milli...
Post a Comment

Cash Swap: CBN Bars Abuja, Lagos POS Operators

-

 


The Apex Monetary Authourity also known as the Central Bank of Nigeria, (CBN)  has excluded mobile money/Point of Sales agents in Abuja and Lagos from its newly launched cash swap programme.

In a document released to selected agents on Monday January 23, the CBN provided some guidelines for the cash swap programme.

The development came as the January 31 deadline for the phasing out of the old N1,000, N500 and N200 notes approaches.

According to the document, only five banks have been approved to engage in the programme.

They include Access Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, First Bank of Nigeria Limited, and First City Monument Bank.

It read in part, “Not all agents can participate. This is open to only selected agents profiled by the super agent/MMO/bank and submitted to the Central Bank of Nigeria and participating banks (Access, Zenith, UBA, First, FCMB).”

On the number of states selected for the programme, it read, “Selected agents in all the 36 states (except Lagos state and FCT, Abuja). Lagos and Abuja agents are excluded from this.”

According to The PUNCH, the agents are restricted from using the new notes for their regular transactions, only for the programme.

On where the agents can get the new notes, the document added, “from one of these designated banks (Zenith, First Bank, Access, UBA, FCMB). However, you must have a bank account with that bank and your operators (super agent/MMO/bank) will have pre-registered you with the bank where you have an account.”

It added, “you must go to the bank you have informed operator (super agent/MMO/bank) of. That is where your agent details will be submitted to for verification when you get there to collect the new notes.”

Also, each agent’s name, BVN number, and operator’s name are required before the new notes will be released.

The document added that the bank would also verify the agent’s picture and finger print.

The document also noted that an agent is expected to have a record of the customer’s Know-Your-Customer information, which includes name, phone number, bank, account number and amount.

It was also noted that why there is no restriction on how much a customer can deposit, only N10,000 can be released per customer under the cash swap programme.

The CBN also urged the agents to open a bank account or wallet for customers with bank accounts.

 An agent can only get up to N500,000 new notes weekly for the programme.

Also, each agent is expected to record all transactions performed with the new notes and submit the record to the operator (super agent/MMO/bank).



Comments

Post a Comment

Popular posts from this blog

Benin Republic, Niger enjoy smuggled fuel as Nigerians keep vigil at petrol stations

-
Image
While numerous Nigerians are keeping vigil at filling stations to fuel their vehicles, drivers in the adjoining nations of Benin Republic and Niger are getting a charge out of fuel snuck from Nigeria, a Saturday PUNCH examination has shown. Our journalists, who visited the two nations found that the snuck petroleum was being sold by dark advertisers, whose rates were less expensive than those working in filling stations. Discoveries show that drivers frequently belittle the dark advertisers on the grounds that their rates are less expensive than the people who purchase from the filling stations. Saturday PUNCH accumulated the higher worth of cefas (CFA) to naira made the Nigerian snuck fuel alluring to residents of the two nations. Nigeria is seeing the fifth significant fuel emergency since President Bola Tinubu accepted office on May 29, 2023, following his expulsion of the fuel appropriation. The evacuation prompted a sharp ascent in fuel costs, causing alarm purchasing, far and wid...
Read more

Nigerian blogger Olufunke 'Angels Empire' Afeh is set to appear in court on April 8 following her recent arrest and detention in connection with allegations of cyberstalking and harassment.

-
Image
  Legal troubles are on the horizon for blogger and philanthropist Olufunke Afeh, famously known as Angels Empire. Her forthcoming arraignment at the Federal High Court in Lagos on April 8 has garnered public interest regarding the details of her arrest, extended detention, and eventual release on bail. On February 19, 2025, SaharaReporters brought to light that the police had leveled 11 charges against Afeh, accusing her of various offenses, including cyberstalking and harassment of multiple individuals, notably Mr. Obidi Anthony and his daughters, Nancy Ume and Korra Obidi. The Angels Empire Foundation reported that Afeh was taken into custody on February 6, 2025, in Abuja. She had responded to a deceptive phone call from the Nigerian Police, which involved a false allegation of phone theft.  Once at the police station, Afeh was swiftly detained at the Force Criminal Investigation Department (CID) in Abuja, where she was denied access to legal representation, and her mobile ...
Read more

"Kano girls, having been married off from an orphanage, face abandonment by their husbands and endure abuse, as they are now forced to seek assistance to survive."

-
Image
The Nassarawa orphanage home in Kano is a refuge for abandoned children, many of whom have been found on the streets, lost due to the tragic loss of their parents or left behind after accidents. For years, the Kano State Government has played a crucial role in supporting the orphanage by providing food, clothing, and education until these children reach adulthood. As they grow up, the boys often find work in government positions or venture into entrepreneurship, while the girls are generally married off to suitors interested in them. Since the orphanage’s inception, hundreds of girls have entered into marriage, but some women have shared their struggles with DAILY POST, expressing feelings of abandonment after their husbands divorced them. They often endure abuse and mistreatment, facing significant challenges in seeking help or reporting their situations. Hadiza Muhammad, 40, and Halima Muhammad, 45, are among those who have suffered through domestic abuse for over twenty years of mar...
Read more