Breaking News: CBN governor should be sack for introducing new naira note

 

AAC Presidential Candidate, Sowore Calls For Sacking Of Nigerian Central Bank Gov Over Redesign Of 200, 500, 1000 Naira Notes

The presidential candidate of the African Action Congress, Omoyele Sowore, has called for the sacking of the Governor of the Central Bank of Nigeria, Godwin Emefiele over the redesign of banknotes. The apex bank earlier said it would start circulating the newly redesigned N200, N500, and N1000 notes starting in December 2022.

Emefiele who disclosed this on Wednesday afternoon during a special briefing said the naira notes were redesigned following a request made by the Federal Government. The CBN boss advised Nigerians to take old notes to banks in exchange for the new notes, adding that the action was taken to take control of the currencies in circulation.

According to him, the bulk of the nation’s currency notes is outside bank vaults and the CBN will not allow the situation to continue. “To be more specific, as at the end of September 2022, available data at the CBN indicates that N2.7 trillion out of the N3.3 trillion currency in circulation was outside the vault of commercial banks across the country and supposedly held by members of the public,” he said.

“Evidently, currency in circulation has more than doubled since 2015, rising from N1.46 trillion in December 2015 to N3.2 trillion as at September 2022. I must say that this is a worrisome trend that must not be continued to be allowed.”

However, Sowore in a post on his verified Twitter handle lambasted the CBN governor, stressing that instead of boosting the value of the Naira, the apex bank wants to redesign banknotes. “Central Bank of Nigeria to redesign banknotes 200, 500 and 1000 notes instead of boosting the value of the Naira. Jokers!

“Me: It is time to fire the CBN Governor, Emefiele. #WeCantContinueLikeThis,” Sowore wrote.

Source: Sahara Reporters

Abia state records 87 Road traffic crashes,50 persons killed ,386 persons injured from January to September,2022 FRSC discloses

The Federal Road Safety Corps (FRSC) has stated that everyone has a role to play in promoting the campaign to make the roads safer during this Ember months, revealing that Abia state has recorded a total of 87 road traffic crashes from January to September 2022,added that 50 persons were killed and that 386 persons were injured,while from January to September,2021,Abia state recorded a total of 71 road traffic crashes out of which 47 persons were killed and 185 persons were injured.

Addressing motorists and other stakeholders at the 2022 Ember months campaign flag-off of RS9.3 Abia state sector command held at Okigwe park in Umuahia, the Acting Corp Marshal of FRSC Deputy Corp Marshal Dauda Biu who was represented by the Zonal Commander FRSC RS9 from Enugu, Assistant Corp Marshal Ocheja Isaac

Ameh, disclosed that “Ember months campaign presents us opportunity to demonstrate our commitment to the issue of road safety in Abia state and Nigeria in general”pointed out that “Nigerian roads witness high vehicular movement, congestion, roads blockage and traffic crashes during the Ember months hence the reason for the campaign”

He disclosed that as part of the effort to ensure free flow of vehicles,” We will check the excesses of our VIPs and the motorists, especially those that drive against traffic rules”and informed that mobile court sitting will be conducted through out this period.

In his speech, the Abia state Sector Commander,Corp commander Paul I. Ugwu said that within the period of January to December,2022,Abia had 87 road traffic crashes out of which 50 persons were killed and 386 persons were injured,said from the records,” It is clear that we need to do more collectively in order to accomplish 15% reduction in Road Traffic Crash Fatality in line with FRSC strategic goal of 2022 and that this can be achieved through enhanced Road safety partnership and stakeholders collaboration.

Source: Champion New