Connect with us

News

Old Naira Notes Remain Legal Tender Indefinitely, Says CBN

Published

on

270 Views

The Central Bank of Nigeria (CBN) has decided to indefinitely extend the legal tender status of the old N200, N500, and N1,000 notes. Despite introducing new currency notes last year and initially setting a deadline for the old notes to cease as legal tender by December 31, 2023, the CBN has now extended this deadline indefinitely.

The decision is said to be in line with international best practices, and the CBN aims to prevent a repeat of previous challenges. The bank emphasized that all banknotes issued by the CBN will continue to remain legal tender, and it is working with relevant authorities to address any existing court rulings on the matter.

The public is encouraged to accept both old and redesigned Naira banknotes for day-to-day transactions. The CBN will continue to issue and accept all denominations of banknotes from deposit money banks.

This development follows a series of events, including the introduction of new currency notes, a cash crunch before an election, a Supreme Court order restraining the implementation of deadlines for phasing out old banknotes, and subsequent extensions of the validity of the old notes.

News

Five Narrowly Escape Death in Lagos Auto Crashes

Published

on

26 Views

Two people were seriously injured while three others escaped unhurt in separate road accidents over the weekend in Lagos State, caused by reckless driving and brake failure in Mile 2 and Surulere, the Lagos State Traffic Management Authority (LASTMA) said.

According to LASTMA spokesperson Adebayo Taofiq, the first crash occurred at Olohunsogo Bus Stop, inward Mile 2, when a speeding Toyota Camry collided with a stationary Scania truck, leaving the driver and a passenger seriously hurt.

“Preliminary investigations revealed that the Camry driver’s excessive speeding caused the loss of control, resulting in the crash,” the statement said.

LASTMA responders quickly rescued the victims and took them to Ademola Hospital near Ijanikin Police Station for treatment. The truck driver was detained by LASTMA officials, while police provided security at the scene.

LASTMA General Manager Olalekan Bakare-Oki emphasized the importance of obeying traffic rules and maintaining vehicles to prevent such accidents, warning against reckless driving and mechanical failure.

This latest crash comes less than a week after a fatal accident at Ibeju Bus Stop on the Lekki–Epe Expressway, which killed six people, including a child, and injured nine others.

Continue Reading

International

Egyptian Guest Collapses and Dies at Abuja Hotel

Published

on

26 Views

An Egyptian national, Mohammed Saleh, aged 56, tragically died after collapsing while dining at the Abuja Intercontinental Hotel located in Wuse Zone 4, Federal Capital Territory (FCT), Abuja. The incident, which took place on Friday night, has sparked an ongoing police investigation into the cause of his sudden death.

Security expert Zazazola Makama shared details of the incident on social media platform X, revealing that Saleh was dining with three other individuals when he suddenly slumped. The hotel’s security supervisor, Francis Yusuf, promptly reported the case to the Wuse Police Division at approximately 9:24 p.m., prompting immediate medical and law enforcement response.

Saleh was first taken to King’s Care Hospital in Wuse Zone 4 before being referred to the Wuse District Hospital, where medical personnel confirmed his death. His remains have since been deposited at the hospital morgue for a thorough autopsy as authorities seek to determine the exact circumstances surrounding his passing.

The police have opened a formal investigation into the matter, with the FCT Police Command spokesperson, Josephine Adeh, acknowledging the case but yet to provide detailed updates.

This incident adds to a growing list of cases involving foreign nationals found dead in Nigerian hotels, raising concerns about health emergencies and emergency response protocols in hospitality venues. Earlier this year, an 80-year-old Colombian man, Quesada Alfonso, was found dead in a hotel room in FESTAC Town, Lagos State.

Authorities investigated that case as well, noting the deceased had been residing in the hotel for several months prior to his death.

As the investigation into Mohammed Saleh’s death continues, the hospitality industry and security agencies are reminded of the critical importance of swift emergency response and enhanced safety measures to protect guests and residents alike. The outcome of the autopsy and police findings will shed more light on this unfortunate event.

Residents and visitors to Abuja await further information from law enforcement on this tragic occurrence.

Continue Reading

News

Lagos Cracks Down on Illegal Street Traders at Mile 2

Published

on

23 Views

Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab, has reiterated the government’s resolve to restore order on key roads, as enforcement officers cleared illegal street traders at 2nd Rainbow Junction, inward Mile 2.

A video shared by Wahab on X on Monday showed officers removing traders whose activities blocked traffic, endangered pedestrians, and littered the area.

Describing the operation as part of ongoing efforts to keep Lagos roads safe and clean, Wahab said, “Our enforcement team is dislodging illegal street traders causing nuisance at 2nd Rainbow Junction, inward Mile 2. Their actions obstruct traffic, threaten pedestrians, and pollute the environment.”

He affirmed the government’s commitment to maintaining a sustainable and orderly urban environment, adding, “We will continue to ensure our roads are safe, clean, and free from environmental violations.”

The Lagos State Government has stepped up enforcement against street trading and environmental offenses in recent months to improve safety, reduce congestion, and promote a cleaner city.

Continue Reading

Trending