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Sanusi Wants The Naira Redesigned

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The Governor of the Central Bank of Nigeria (CBN) Lamido Sanusi yesterday pleaded that the only way to end the menace of fake Naira currencies circulating the country is to have the Naira redesigned.

cbn-governor-lamido-sanusi-360x225In an interactive session with the House of Representatives committee on Banking and Currency, Sanusi answered to the enquiry on why fake notes have been said to be issued by the automated teller machines (Atm) across the nation.

Saying that it was supposed to be a routine exercise done every seven or so yeears, he also regretted thet the issue of the planned N5000 notes has not been fruitfull due to the widespread rejection of the last attempt.

“Unfortunately, redesign suffered because of all the noise around N5,000, and therefore, it’s been delayed because that is what would have made it impossible for counterfeiters to counterfeit. They would have to take another five, six, seven years before they learn how to counterfeit. By which point, the central bank should be redesigning the notes again.

“I suppose that at some point, the country would have to visit this issue of redesigning the notes. But at the moment, based on popular demand, we have had to step down the redesign,” Sanusi said.

Going further, Sanusi informed the committee while responding to why monetary policy rates are high in the country that there isn’t much the CBN can do since other factors are responsible for the rates being above single digit.

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1 Comment

  1. Ifeanyi onyekwere

    July 18, 2013 at 2:06 pm

    Mr sanusi you are suppose to be thinking about the unemployment rate in the country instead of redesigning currency …. Or is it because your children are not affected… May God help us all…. We dont have the connection but we have God

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“From bum shorts to leggings” – BBNaija’s Ozo called out over his choice of outfits

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It is not new that ex-BBNaija housemate Ozoemena Chukwu likes to wear skimpy shorts – the kind of clothing items called bum shorts that are mostly worn by ladies.

Throughout the BBNaija show, Ozo was often seen wearing those kind of shorts, sometimes pulling them further up himself to reveal his light-skinned thighs.

Ozo’s choice of outfit lately makes him trend and at the same time, his getting backlash from his fans for what he is wearing.

The light skin big brother Naija ex housemate doesn’t look bothered, as he keeps wearing what he feels comfortable in.

The picture above was what Ozo was seen wearing that got him a lot of backlash as he decided to wear something more longer but still the trolling didn’t stop.

A Facebook user identified as Bright said “Ozo upgraded from bum short to leggings”

@enna said “if I catch my man wearing a leggings like that, we are done”

@alpha said “what is this guy wearing”

@enioluwa said “what kind of trouser is this guy always wearing”

See other reactions;

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North Is The Worst Place To Live In Nigeria -Sultan of Sokoto

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The Sultan of Sokoto,Alhaji Sa’ad Abubakar, on Thursday lamented the high rate of insecurity in the North, saying it was the worst place in the country to live.

Sultan of Sokoto North

The Sultan, who stated this at the fourth quarterly meeting of the Nigeria Inter-Religious Council in Abuja, said bandits were fast overrunning the North as residents slept with their eyes open.

While describing the North as the worst place to live, he said that bandits had become daring.

He said they moved from house to house, village to village, market to market, with AK-47 rifles openly, purchasing foodstuffs and other items and even collecting change without any challenge from the security agencies.

The foremost traditional ruler stated that the security system in the North had completely collapsed.

He said, “Security situation in Northern Nigeria has assumed a worrisome situation. Few weeks ago, over 76 persons were killed in a community in Sokoto in a day. I was there with the governor to commiserate with the affected community.

“Unfortunately, you don’t hear these stories in the media because it’s in the North. We have accepted the fact that the North does not have strong media to report the atrocities of these bandits.

“People think North is safe but that assumption is not true. In fact, it’s the worst place to be in this country because bandits go around in the villages, households and markets with their AK 47 and nobody is challenging them.

“They stop at the market, buy things, pay and collect change, with their weapons openly displayed. These are facts, I know because I am at the centre of it.

“I am not only a traditional ruler, I am also a religious leader. So, I am in a better place to tell the story. I can speak for the North in this regard because I am fully aware of the security challenges there. We have to sincerely and seriously find solutions to the problem, otherwise, we will find ourselves soon, in a situation where we would lose sleep because of insecurity.

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‘Stop Calling Friday ‘Black Friday’, Its A Holy Day For Muslims’ – Kano Hisbah Board Warns Radio Station

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The Kano Hisbah Board has reportedly warned a Nigerian radio station and it is about Black Friday.

Per the letter sent to the radio station, the group ordered the station to stop calling Friday ‘Black Friday’ ahead of a “Black Friday Sales” which is scheduled to take place today.

Per the letter from the Sharia Police, majority of the residents in Kano are Muslims and they consider Friday a holy day.

Read the letter below;

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