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Finance minister: We Are Not Part of The Naira Redesign Policy
Zainab Ahmed, the Minister of Finance, Budget, and National Planning, has distanced herself from the Central Bank of Nigeria’s plan to redesign the naira on December 15, 2022.....KINDLY READ THE FULL STORY HERE▶
When asked about the strategy during the 2023 budget defense session she held with the Senate Committee on Finance, which was presided over by Senator Solomon Olamilekan, the Minister responded by warning the CBN of potential repercussions.
The Senate had informed the Finance Minister that the CBN’s policy had already had a detrimental impact on the country’s foreign exchange just two days after it was announced.
The Senate stated that the rush to convert stored Naira Notes for other currencies, notably the dollar, has caused the value of the Naira to increase from N740 to N788 in just two days after the policy was announced.
The senators went on to say that while the program may be well-intended, the timing—considering the actual situation—is horribly incorrect because the naira might fall as low as N1,000 to the US dollar by January 31, 2023, the date set for the policy’s full implementation.
Ahmed responded by claiming that neither she nor her Ministry were aware of the strategy and had only learned about it from the media.
Finance on the planned revamping of the naira, so we are unable to comment on its merits or otherwise,” she added.
“However, as a Nigerian who has the luxury of overseeing Nigeria’s fiscal management, I am concerned that the strategy as it is being implemented now portends catastrophic consequences for the value of the naira relative to other foreign currencies.
However, I shall request that this committee ask the CBN governor to provide the necessary justifications for the intended policy’s benefits and the appropriateness or otherwise of its current implementation.
Godwin Emefiele, the governor of the Central Bank of Nigeria, had stated on Wednesday that the country’s currency would change from 200 Naira notes to 1,000 Naira notes.
He claimed that the action was taken to seize control over the currency that was in use, just as he had suggested that the majority of the country’s currency notes were kept outside bank vaults and that the CBN would not permit the situation to persist.
He continued that the proposed policy was in accordance with Sections 19, Subsections a and b of the CBN Act 2007, pursuant to which the Management of the CBN requested and obtained the President’s approval, Major General Muhammadu Buhari (ret. ), to redesign, produce, and circulate a new series of banknotes at the denominations of N200, N500, and N1,000 notes.
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“YOU SHALL FALL INTO THE PIT!” Natasha Blasts Akpabio With Fire And Fury Over Explosive Leaked Audio!
Senator Natasha Akpoti-Uduaghan (representing Kogi Central) has publicly responded to the controversy surrounding Senate President Godswill Akpabio following the emergence of a leaked audio recording.....KINDLY READ THE FULL STORY HERE▶
According to reports, Akpoti-Uduaghan shared her stance via a Facebook post on Monday, September 21, 2026, where she alleged that Akpabio’s office has been distributing materials to media outlets for publication. Addressing the Senate President directly, she issued a stern warning that actions taken against her will ultimately backfire, writing:
“Dear Godswill Akpabio, Senate President of the Nigerian 10th Assembly… continue. Dear Punch Newspapers, Guardian Nigeria, and others… you may take the envelope and publish whatever Akpabio’s office sends to you. S.P. Akpabio, know that the pits you dig for me, you shall very well fall into.”
Context of the Leaked Audio
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The Allegations: Her reaction follows fresh claims by U.S.-based activist Sandra Duru (also known as Prof Mgbeke), who published a nine-minute audio clip on social media.
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The Recording: Duru claimed the audio features a male voice belonging to Akpabio and that he allegedly hired her to campaign against Akpoti-Uduaghan. This marks a shift from her 2025 claims, where she previously alleged that the Kogi senator tried to recruit her against the Senate President.
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Further Disclosures: Duru indicated that this audio serves as a preview of more upcoming revelations regarding her purported dealings with Akpabio.
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BLOCKBUSTER RULING: Appeal Court Flips Script On Magu’s EFCC Tenure In Stunning Legal Reversal!.
The Court of Appeal in Abuja has set aside a previous Federal High Court ruling that validated Ibrahim Magu’s extended service as the acting Chairman of the Economic and Financial Crimes Commission (EFCC).....KINDLY READ THE FULL STORY HERE▶
The appellate court’s decision follows an appeal by Abuja-based lawyer and activist Johnmary Jideobi. He challenged Magu’s prolonged acting tenure after the Senate twice rejected his nomination for a substantive appointment.
Background of the Case
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The Origin: Jideobi filed the initial suit in March 2017, arguing that Magu could not occupy the acting role indefinitely following his rejection by the Senate.
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The 2019 High Court Ruling: Justice Ijeoma Ojukwu dismissed the suit, ruling that the EFCC Establishment Act contained a gap regarding the time limit for an acting chairperson, leaving the duration to presidential discretion.
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The Appeal: Dissatisfied, Jideobi argued that keeping Magu in office violated statutory limits and that the acting appointment legally terminated once the Senate rejected his nomination.
Subsequent Developments
Magu’s tenure as acting chairman ultimately concluded in July 2020 following his suspension by former President Muhammadu Buhari over misconduct allegations, which Magu denied before an investigative panel.
Following his exit, Mohammed Umar Abba temporarily took over before Abdulrasheed Bawa was appointed as substantive chairman in February 2021. Bawa was later suspended in June 2023 by President Bola Tinubu, leading to the appointment of the current substantive chairman, Ola Olukoyede.
The Joint Admissions and Matriculation Board (JAMB) has announced the dismissal of an employee found guilty of extorting candidates.....KINDLY READ THE FULL STORY HERE▶
In a bulletin released on Monday, September 21, 2026, the examination body stated that the staff member was sanctioned for exploiting unsuspecting candidates. JAMB emphasized that this action is part of broader measures to prevent officials from using their positions for personal gain and to protect the public from exploitation.
The board issued a strong warning to its entire workforce, stating that no employee, regardless of their status, would be shielded from disciplinary action for misconduct that compromises the integrity of the admission and examination process. JAMB reiterated its zero-tolerance policy for fraud, making it clear that both internal and external offenders will face the full consequences of their actions.
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