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CBN mandates banks to collect old N500, N1,000 notes

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Banks across Nigeria have been ordered to receive old N500 and N1,000 from customers who come to deposit them in the wake of recent crisis. This new directive was given by the Central Bank of Nigeria (CBN) on Friday, following difficulties being encountered in gaining access to the apex bank’s offices. According to The Punch, … Read more

NIGERIA: 55 politicians, others ‘stole N1, 354tr between 2006-2013’—SERAP

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A new report by the Socio-Economic Rights and Accountability Project (SERAP) has revealed how “55 politicians, high-level public officials and leaders allegedly stole N1, 354tr between 2006 and 2013 from the nation’s treasury.” According to the report, “The amount of money embezzled, misappropriated or stolen by public officials and leaders in the private between 2013 … Read more