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2023: Fear grips politicians over Naira redesign

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There are indications that the move by the Central Bank of Nigeria, CBN, to redesign N200, N500 and N1,000 notes may have effects on the forthcoming general elections.

The CBN Governor, Godwin Emefiele had on October 26, announced the decision of the apex bank to redesign N200, N500 and N1000 notes.

According to Emefiele, the new design will be effective from mid-December 2022, urging bank customers to begin depositing the old Naira notes.

The CBN governor said the apex bank had become concerned over some daunting challenges in the management of the existing banknotes in circulation, especially those outside the banking system, noting that such portended some consequences for the integrity of the CBN and the country.

However, the development has triggered controversies from concerned Nigerians across the country, as many kicked against the move, claiming that it would cause more harm than good, while others lauded the decision of the CBN.

Some political and religious leaders, including the controversial Islamic cleric, Ahmed Gumi had claimed that a good number of Nigerians, especially the rural dwellers depend on cash transactions, warning that any move that can cause more cash crunch will resort to a disaster for the nation.

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However, President Muhammadu Buhari, on October 30, voiced his support for the decision of the CBN, noting that the country would gain a lot through the new initiative, especially its impact on illicit monies.

According to a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu, Buhari said reasons given to him by the CBN convinced him that “the economy stands to benefit from reduction in inflation, currency counterfeiting and the excess cash currently in circulation.”

The President stated that they did not consider the period of three months for the change to the new notes as being short.

Meanwhile, some Nigerians, who spoke with our correspondent on Saturday in Abuja, expressed optimism that the development would have a good effect on the conduct of the 2023 general elections.

According to them, plans by some political bigwigs who may have stashed billions of Naira in their various houses to buy votes in 2023 have been crippled.

An activist, Mr Kenneth Monday, who was one of those that organised the EndSARS protest in Abuja in 2020, told our correspondent that those kicking against the move by the apex bank are suspects that should be placed under watch.

He said, “They turned their houses to banks because the money was acquired illegally. Most of them are crying right now. Because they know that the money in their possession cannot be accounted for and the bank can’t trace it, they wanted to use it to buy votes as usual.

“With the CBN’s move, it is either you go to the bank and deposit the ill-gotten money, or the cash becomes useless. This will be good for the coming elections because they may not be able to get all the cash to execute their evil plans again.”
The Economic and Financial Crimes Commission (EFCC) on Thursday revealed that several serving governors have been placed under watch over stashed Naira notes.

Chairman of the anti-graft agency, Abdulrasheed Bawa, who made this known while fielding questions from reporters after he met with President Muhammadu Buhari at the Presidential Villa in Abuja, had earlier raised an alarm that three governors who stashed money in their Abuja houses were planning to pay workers with cash.

Also speaking with our correspondent, a Chieftain of the Labour Party in Abuja who pleaded not to be mentioned, claimed that the move by the CBN would affect some presidential candidates who had been accused of financial crimes.

“The CBN has rendered some Bullion Vans empty. It was the Bullion Van that they used to rig previous elections that brought these bad leaders into power.

“If the Federal Government really means this Naira issue, some presidential candidates that we all know, will have to find another alternative to rig the election because they may not have enough cash to be carried in Bullion Van from one polling until to another as usual.

“Everything happening in the country right now shows that God will be involved in the 2023 elections. Who knows, Buhari may be doing these to ensure that the election is free and fair. We are taking back our country”.

Similarly, a bank source told DAILY POST that some politicians who believe in manipulating elections with the use of cash may find it difficult in the next election.

According to him, there is a limit to how much cash withdrawal an individual can make in a day.

He said, “If the government actually wants to do things the right way, some of those election riggers who use cash, may find it difficult in the next election.

“All withdrawals can be monitored through the BVN. There is a limit to how much can be withdrawn from both individual and corporate accounts. If the issue of stashing Naira notes must come to an end, the CBN and the EFCC have more work to do”. (Daily Post)

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Five abducted Kwara worshippers killed, one escapes, others still held

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Terrorists have killed five out of the eight worshippers abducted at ECWA Church Omugo in Ifelodun local government area of Kwara state, says one escaped abductees.

Rev Sunday Omole had urged federal government to expedite action on the release of the abductees from the captivity of the terrorists.

The clergyman said government intervention had become necessary after the community paid the terrorists N20 million and provided additional items worth more than N300,000, yet the abductors refused to release the worshippers and instead demanded an additional N300 million ransom.

He added that from the action of the terrorists it was clear that they just wanted to be exploiting the community.

Recall that eight of the worshippers including the Pastor’s wife were kidnapped in the morning of March 22,2026 during a Sunday service.

The death of the five worshippers including the Pastor’s wife was disclosed in a statement issued by the Pastor of the church, Rev Sunday Omole, Wednesday evening.

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The statement reads:

“It is with deep pain in my heart that I inform the church, families and individual concerned in regard to the 8 people that were abducted from ECWA OMUGO on 22nd of March, 2026.

“We received one of our son’s, Mr Sunday Bakare also abducted over a month ago, he escaped and brought the following news that only 3 out of 8 of our people are remaining with the kidnappers. The remaining 5 have gone to be with the Lord.

“They are; Elder Chief David Omopariola,
Chief Joseph Ibitoye Afariogun,
Mrs Iyabo Aniyi,
Elder Joshua Akanbi Adeyemi and
Mrs. Rachel Oluwaremilekun Omole(his wife).

“Brethren, let’s know that God knows why He allows this to happen. The great comforter will comfort us in Jesus name, amen.

“The prayers of the saints in the beginning of the church also worked and answered still they had martyrs. John 16:33 says (NIV) “I have told you these things, so that in me you may have peace . In this world you will have trouble . But take heart! I have overcome the world.”
Heaven is our home and Gain. Let’s reason as child of God as we navigate this moment. God bless you, and comfort you all in Jesus name, amen.”concluded the statement.

It was also gathered that the three remaining worshipers are in terrible health condition, while a member of church who escaped from the terrorists captivity is currently receiving an urgent medical attention in a private hospital in OmuAran.

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Mbah Rewards Rangers Players, Management with Plots of Land, N150m for Winning NPFL

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…charges team to bring home continental trophy

Governor Peter Mbah of Enugu State has gifted players and management of Rangers International Football Club with plots of land and the sum of N150 million for winning the 2025/2026 NPFL title.

Mbah announced the gifts during a dinner reception he hosted in honour of the players, technical crew and management of the team at Government House, Enugu, on Tuesday night.

Rangers FC won the league for a record-equaling ninth time and also for a second time in three years under the Mbah Administration following a 2-1 win over Ikorodu City Boys in Lagos on May 24, 2026.

Speaking at the event, Mbah likened the reception to welcoming home a child who had excelled academically, saying the government and people of Enugu State were delighted to celebrate the team’s success.

“We are providing you with a cash gift of N100 million for the players and N50 million for the technical and management crew.

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“In addition to that, we have approved a plot of land in Enugu for every player, while additional plots will be allocated to the General Manager, Head Coach, Secretary and Assistant Coach,” Mbah said.

The governor noted that Rangers was more than a football club, describing it as a symbol of resilience, unity, hope and social renewal established in the aftermath of the Nigerian Civil War.

According to him, the club carries a rich history and legacy associated with football legends such as the late Christian Chukwu, Emmanuel Okala and Austin “Jay-Jay” Okocha.

He commended the players, coaches and management for their hard work, sacrifices and discipline throughout the season, noting that the trophy was the product of countless acts of determination and effort.

Mbah also praised Rangers General Manager, Amobi Ezeaku, for his leadership, resilience and commitment, saying the qualities required to build a successful football club were similar to those needed to build a successful state.

The governor assured the team of continued government support, stressing that sports remained a key component of his administration’s development agenda.

He also stated that renovation works at the Nnamdi Azikiwe Stadium, popularly known as “The Cathedral,” would be completed in time and to international standards for Rangers’ continental matches.

He added that Enugu State, under his leadership, would continue to invest heavily in sports infrastructure and development, noting that the state would host the 2026 National Sports Festival in a manner that would leave lasting marks in the sands of time.

Mbah, however, identified complacency as an enemy of success, urging the team not to rest on their laurels and well-deserved accolades.

“So, brace up, fight on, keep winning and ensure you bring the continental trophy home,” he concluded.

Earlier, the Commissioner for Sports and Youth Development, Mr. Lloyd Ekweremadu, thanked the governor for hosting the champions and for his sustained investment in sports development.

Ekweremadu described the league triumph as a testament to the governor’s commitment to excellence and service delivery across sectors.

The commissioner recalled that Enugu State emerged overall winner of the National Para Games in March with 55 medals comprising 40 gold, eight silver and seven bronze medals.

Responding, Ezeaku noted that success was built on discipline, preparation and ambition, drawing inspiration from renowned philosophers such as Aristotle, Seneca and Ralph Waldo Emerson.
He emphasised that the celebration extended beyond the lifting of a trophy and represented a celebration of leadership, vision and the power of unity among government, management, players and supporters.

The General Manager expressed profound gratitude to Governor Mbah for his unwavering support of the club, stating that Rangers had enjoyed one of its most successful periods in recent history under the governor’s administration.

According to him, Rangers has won two NPFL titles within three years of Governor Mbah’s tenure, a feat he described as remarkable in contemporary Nigerian football.

“This is credited to the governor’s commitment to sports development, youth empowerment and excellence, helping to restore the club’s competitive edge,” he said.

The club also highlighted the governor’s broader achievements in infrastructure, education, healthcare, technology and economic development, while stressing that his contribution to sports deserves equal recognition.

Reflecting on the club’s title-winning campaign, Ezeaku revealed that the journey was marked by intense competition, with rival clubs reportedly receiving promises of substantial incentives, including cash rewards, vehicles and landed properties.

“Despite these developments, the club maintained focus and confidence, believing that hard work and excellence would ultimately be rewarded.

“We remained resolute and focused throughout the season. Our confidence came from our belief in the leadership of Governor Peter Mbah and our conviction that sacrifice and excellence would not go unnoticed,” he stated.

Looking beyond domestic success, he declared Rangers’ intention to compete among Africa’s elite clubs and challenged stakeholders to support the club’s continental ambitions.

The general manager described Rangers as one of Africa’s historic football brands with the fan base, identity and pedigree to compete successfully at the highest level.

He expressed confidence that with strategic investment and continued government support, Rangers could one day lift the CAF Champions League trophy and bring continental glory back to Nigeria.

“Every great achievement begins as a dream. Today, we dream of Rangers defeating Africa’s biggest clubs and bringing the CAF Champions League trophy to Enugu,” the management said.

Meanwhile, Rangers FC and their fans had earlier celebrated their NPFL win at Okpara Square and paraded their trophy through the capital city with much jubilation and fanfare before retiring to Government House for the dinner reception and presentation of the trophy to the governor.

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Final-year female varsity student found dead in Kogi

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The deceased student, Sarah Ojodomo Idoko
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The lifeless body of a final-year female student of the Federal University Lokoja has been discovered along the Felele–Lokoja Road in Kogi State.

The deceased, identified as Sarah Ojodomo Idoko, was a final-year student of the Federal University Lokoja. Her body was reportedly found on Saturday night near the Crusher area along the busy Felele axis after she was allegedly dumped there by unknown assailants.

Eyewitness accounts indicate that a vehicle was seen stopping briefly near the location at about 8 p.m. before speeding away. Shortly afterwards, passers-by reportedly discovered the victim’s body by the roadside and alerted authorities.

Initial reports suggested that Sarah was a student of Kogi State Polytechnic, Lokoja, after an identity card bearing her name and academic details was recovered at the scene.

The card indicated that she was enrolled in the Higher National Diploma (HND) programme in the Department of Office Technology Management for the 2024/2025 academic session.

However, the Kogi State Police Command later clarified that the deceased was actually a student of the Federal University Lokoja.

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Confirming the incident, the Commissioner of Police in Kogi State, CP Naziru Kankarofi, said investigations had commenced.

He noted that the police were working to establish the circumstances surrounding the death and track down those responsible.

According to the police commissioner, details of the investigation would be made public at the appropriate time, while assuring residents that the command remains committed to ensuring justice for the deceased.

The tragic death of Sarah Ojodomo Idoko has once again raised concerns about the safety and security of students and residents along the Felele corridor, a major gateway to Lokoja that has witnessed several security-related incidents in recent years.

Meanwhile, the Association of Nigeria Female Students (ANFS), Kogi State Chapter, described the killing as cruel, unfortunate, and unacceptable.

In a statement issued by its State Coordinator, Comrade Celina Ojoniko James, the association expressed deep sorrow over the loss and called on security agencies to conduct a thorough investigation to ensure that those responsible are identified and prosecuted.

The group also urged government authorities and security agencies to strengthen safety measures around campuses and student communities to prevent similar tragedies in the future. (TRIBUNE)

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