Connect with us
Maduka University Advert

Crime

Why it will be difficult to counterfeit New naira notes  — Buhari

Published

on

Maduka University
The President, Major General Muhammadu Buhari (retd.), on Wednesday, said the naira notes are long overdue for a change as the current tender has been in circulation for nearly 20 years.
This was as he said the newly redesigned notes have unique security features that make them difficult to counterfeit.Buhari said this when he launched the new Naira banknotes at the council chamber of the State House, Abuja, shortly before the kick-off of this week’s Federal Executive Council meeting.

According to a statement signed by Buhari’s Special Adviser on Media and Publicity, Femi Adesina, Buhari also expressed delight that the redesigned currencies were locally produced by the Nigerian Security Printing and Minting PLC.

The statement is titled ‘Why I approved the redesign of Naira notes, by President Buhari at the launch of ₦‎200, ₦‎500, ₦‎1000 banknotes.’

Speaking at the launch of the new banknotes, the President noted that international best practice requires central banks and national authorities to issue new or redesigned currency notes every five to eight years.

He lamented that it is almost 20 years since the last major redesign of the country’s local currency was done.

Advertisement

‘‘This implies that the Naira is long overdue to wear a new look.

‘‘A cycle of banknote redesign is generally aimed at achieving specific objectives, including but not limited to: improving the security of banknotes, mitigating counterfeiting, preserving the collective national heritage, controlling currency in circulation, and reducing the overall cost of currency management,” he said.

He added that “the new Naira banknotes have been fortified with security features that make them difficult to counterfeit.’’

Explaining why he approved the redesign, the President said there is an urgent need to control the amount of currency in circulation.

‘‘As is known, our local laws – specifically the Central Bank of Nigeria Act of 2007 – grant the Central Bank of Nigeria the power to issue and redesign the Naira. In line with this power, the Central Bank Governor approached me earlier in this year to seek my permission to embark on a currency redesign project. I considered all the facts and reasons presented before me by the Central Bank.

Advertisement

‘‘There was an urgent need to take control of currency in circulation and to address the hoarding of Naira banknotes outside the banking system, the shortage of clean and fit banknotes in circulation, and the increase in counterfeiting of high-denomination Naira banknotes.

“It is on this basis that I gave my approval for the redesign of the ₦‎200, ₦‎500 and ₦‎1000 banknotes,” Buhari said.

The President said while it may not be apparent to many Nigerians, only four out of the 54 African countries print their currencies in their countries, and Nigeria is one.
“That is why it is with immense pride that I announce to you that these redesigned currencies are locally produced right here in Nigeria by our Security Printing and Minting PLC,’’ he said.He added that the new banknotes would help the Central Bank design and implement better monetary policy objectives as well as enrich the collective memory of Nigeria’s heritage.
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crime

Tragedy in Anambra: Missing Young Woman, Messioma Nwaora, Reportedly Found Dead in Uga

Published

on

Maduka University

A young woman identified as Messioma Nwaora, who was earlier reported missing, has reportedly been found dead in Uga, Aguata Local Government Area of Anambra State.

Unverified reports circulating on social media allege that her former boyfriend, identified as Chima Emmanuel and said to be from Ebonyi State, killed her after she ended their relationship. The reports further claim that he strangled her with clothing, placed her body in a bag and transported it on a commercial motorcycle, popularly known as an okada.

The alleged confession and the circumstances surrounding the woman’s death have not been independently verified. Therefore, it cannot be conclusively established that the former boyfriend killed her.

As of the time of filing this report, the Anambra State Police Command had not issued an independently confirmed statement establishing the cause of death, confirming the identity of the deceased or stating whether a suspect had been arrested.

The reported death has prompted calls for a thorough investigation. Outstanding questions include where the body was recovered, how the woman died, whether Chima Emmanuel has been detained and whether investigators have obtained evidence linking him to the incident.

Advertisement

Further details are expected as reliable information becomes available.

Continue Reading

Crime

Enugu Socialite Stone Shot dead After Police Raid Birthday Party, CP Orders Probe

Published

on

Maduka University

A birthday party organised by popular Enugu socialite Nnaji Izuchukwu, popularly known as Stone, at Bull Hotel, Asata, Enugu, reportedly turned chaotic following a misunderstanding that allegedly prompted the hotel management to invite the police.

Stone, who was the celebrant, reportedly died from gunshot injuries sustained during the ensuing police operation.

Information available to Everydaynewsngr.net indicated that the misunderstanding at the birthday party degenerated into chaos, prompting the hotel management to call in operatives of the police Anti-Cultism Section.

In the confusion that followed, Stone was said to have attempted to escape through a window alongside another person before he sustained gunshot injuries.

However, the exact circumstances surrounding the shooting remained unclear as of the time of filing this report.

Advertisement

The Enugu State Police Command has since confirmed Stone’s death and ordered an investigation into the incident.

In a press release issued on Friday, October 23, 2026, the command said the Commissioner of Police, CP Mamman Bitrus Giwa, had directed a thorough investigation to establish the circumstances surrounding the death and determine whether the operation and use of firearms complied with established operational standards and applicable laws.

According to the police, operatives of the Anti-Cultism Section of the Violent Crime Response Unit (VCRU) stormed Bull Hotel during an intelligence-led operation targeting Nworie Chidera Kelvin, popularly known as Akidi, an alleged drug dealer and member of the Vikings Confraternity.

The police said Akidi was suspected of involvement in several cases relating to cultism and unlawful possession of firearms.

The operation reportedly led to the arrest of Akidi and nine other suspects, comprising males and females aged between 17 and 28.

Advertisement

The police also said quantities of dried weeds suspected to be cannabis, a weighing scale allegedly used for measuring illicit drugs, and ₦43,400 in cash were recovered during the operation.

Giving its account of how Stone died, the command said preliminary findings indicated that he and another suspect jumped through a window in an attempt to escape.

The statement added that an operative pursuing the two suspects was allegedly confronted by them as they attempted to disarm him.

According to the police, the officer’s firearm discharged during the ensuing struggle, leaving Stone with gunshot injuries, while the other suspect escaped.

Stone was rushed to a hospital, where he was later confirmed dead. His remains have been deposited in a mortuary for preservation and autopsy.

Advertisement

CP Giwa has directed the Assistant Commissioner of Police in charge of the State Intelligence Department to establish the facts of the incident and determine whether the officers involved complied with operational standards and applicable laws.

The commissioner assured that any officer found culpable would face appropriate disciplinary action.

He also urged Stone’s family, associates and members of the public to remain calm, stressing that professionalism, ethical conduct and strict adherence to operational standards, particularly those governing the use of firearms, must be upheld during police operations.

The police statement was signed by the Command’s Public Relations Officer, SP Daniel Ndukwe, on October 23, 2026.

Advertisement
Continue Reading

Crime

Awaiting-Trial Inmate Escapes From Court

Published

on

Maduka University

The Nigerian Correctional Service (NCoS), Edo State Command, has launched a manhunt for a 28-year-old awaiting-trial inmate, Osita Thomas, who escaped while being taken to court for trial.

Thomas, an inmate of the Medium Security Custodial Centre, Auchi, reportedly escaped last week during a court appearance over charges bordering on conspiracy and stealing.

The Command’s Public Relations Officer, Aminu Suleman, disclosed the development in a statement dated October 21, 2026, and made available to journalists in Benin City on Thursday.

Suleman said the Controller of Corrections in Edo State had directed intensified efforts towards apprehending the fugitive, assuring residents that security measures across custodial facilities had been strengthened to prevent similar incidents.

The Command appealed to members of the public with useful information about Thomas’s whereabouts to report to the nearest police station or custodial centre.

It also released two telephone numbers, 08038075882 and 08039243704, through which information could be provided to security authorities.

Advertisement

Meanwhile, an official of the Correctional Service attributed the escape to inadequate manpower, explaining that the officer escorting Thomas to court could not abandon other inmates in his custody to pursue the fleeing suspect.

According to the official, pursuing Thomas would have exposed the remaining inmates to possible escape.

The official further raised concerns over worsening personnel shortages in the Service, alleging that more than 1,000 officers were expected to retire this year without corresponding plans for fresh recruitment.

He called on the Federal Government to urgently address the manpower deficit, warning that inadequate personnel could continue to undermine the effective management and security of custodial facilities across the country.

Advertisement
Continue Reading

Crime

N8m Fraud: Job Racket Lands Enugu Businesswoman in EFCC Net

Published

on

Maduka University

An alleged employment racket involving 21 job seekers and N8.29 million has landed an Enugu-based businesswoman, Stella Ezinne Egotanwa, in the net of the Economic and Financial Crimes Commission (EFCC).
The 45-year-old businesswoman is being investigated for allegedly collecting money from unsuspecting applicants under the guise of securing employment for them at a psychiatric hospital in Enugu State.
The EFCC, in a statement posted on its official X handle on Tuesday, October 20, 2026, disclosed that the suspect allegedly collected the money between December 28, 2025, and June 30, 2026, through bank accounts belonging to different Point of Sale (POS) operators.
According to the commission, trouble began for Egotanwa when 16 aggrieved job seekers petitioned the Nigeria Security and Civil Defence Corps (NSCDC), accusing her of collecting N6.193 million from them without delivering the promised jobs.
The petition subsequently led to her arrest by NSCDC operatives in Anambra State on July 30, 2026.
However, the case took another dimension when five additional victims approached the EFCC, alleging that the businesswoman had similarly defrauded them of N2,098,200 through promises of employment at the same hospital.
The fresh petitions brought the number of alleged victims to 21, with the total amount involved rising to N8,291,200.
One of the victims, who narrated his ordeal to investigators, claimed to have paid Egotanwa N1.05 million on December 28, 2025, believing that she had the connections to secure the promised employment.
“I made the payment in good faith because I believed that the employment opportunity she presented to me was genuine.
“However, after making the payment, the promised employment did not materialise. I subsequently experienced difficulty reaching her and there were periods she did not respond to my calls or messages,” the petitioner stated.
The anti-graft agency further disclosed that Egotanwa was already awaiting trial in a separate case involving a similar alleged employment scam.
It added that the suspect had admitted to the alleged offence during interrogation and would be arraigned in court upon the conclusion of investigations.
The EFCC maintained that investigations were ongoing to establish the full circumstances surrounding the alleged fraudulent recruitment scheme.
Clarify the EFCC’s role in her arrest
Use consistent language for alleged victims
Tighten the opening for stronger impact

Continue Reading

Crime

Okechukwu lauds FG for acknowledging military operations alone cannot end banditry

Published

on

Maduka University

A Foundation Member of the All Progressives Congress (APC), Mr Osita Okechukwu, has lauded the Federal Government through the National Security Adviser (NSA), Mallam Nuhu Ribadu, for acknowledging that military operations alone cannot end banditry.

Okechukwu said that the recent acknowledgement of the NSA reflected the reality on ground on the protracted activities of banditry in the country.

The APC chieftain said this in a statement he signed and issued to newsmen in Enugu on Sunday.

Okechukwu reacted directly to Ribadu’s remarks at a brainstorming session on coping with banditry, organised by the Sokoto Advancement Forum in collaboration with the Centre for Peace Studies, Usmanu Danfodiyo University, Sokoto.

Aligning himself with the NSA’s position, he stressed that building community trust, protecting agriculture and rural livelihoods, and preventing youth recruitment into criminal networks are indispensable complements to military operations.

Advertisement

He said, “We must measure progress by more than arrests, weapons recovered or territory cleared.

“Success must also mean safer communities, returning families, productive farms, reopened schools, functioning markets and the restoration of public confidence.”

Okechukwu argued that this broader understanding of national security must inform the Federal Government’s economic and political policies if Nigeria is to achieve sustainable peace.

He urged Ribadu, as one of the closest presidential advisers, to appeal to President Bola Tinubu to rejig his economic programme to improve living standards, stimulate production, expand employment opportunities and alleviate the hardship confronting ordinary Nigerians.

According to him, economic insecurity, widespread hardship and unemployment can undermine community trust and create conditions that criminal networks exploit to recruit vulnerable youths.

Advertisement

He maintained that restoring livelihoods, strengthening rural economies and creating productive opportunities for young people must go hand-in-hand with security operations if the country is to achieve lasting peace.

Okechukwu also advised the NSA to recognise that the conduct of free, fair and credible 2027 General Elections as a foremost instrument for rebuilding public confidence nationwide.

The APC chieftain stressed that democratic legitimacy, public trust in institutions and confidence in the electoral process are essential to national cohesion and security.

Okechukwu further advised Ribadu that politicians, whether from APC or opposition parties, who incite violence, promote political intolerance or embrace a do-or-die approach to elections should be treated as threats to democratic stability.

He urged the appropriate authorities to investigate and prosecute those who engage in criminal conduct, irrespective of their political affiliations, in accordance with the law.

Advertisement

“Those who beat the drums of political violence and turn elections into a do-or-die affair are, in effect, political bandits.

“They threaten our democracy from within and must be held accountable before they pull down the roof of our democratic house,” Okechukwu warned.

He concluded that Nigeria could no longer afford to ignore the connection between economic hardship, political alienation and insecurity.

He said, “Hunger has awakened Nigerians who had hitherto resigned themselves to fate.

“The answer is not to dismiss their grievances, but to restore hope through economic opportunity, accountable governance, credible elections and a security strategy that protects both lives and livelihoods.”

Advertisement
Continue Reading
Advertisement

Trending