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Banks to issue new naira notes today, reconfigure ATM machines

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The newly redesigned naira notes will go into circulation on Thursday (today) with Deposit Money Banks releasing the bills to their customers via over-the-counter payments.

This came about three weeks after President Muhammadu Buhari unveiled the new bills at a weekly Federal Executive Council meeting in Aso Rock Villa.

The President unveiled the redesigned notes across the N200, N500 and N1,000 denominations.

The Governor, Central Bank of Nigeria, Godwin Emefiele, had in October announced that apex bank would release re-designed naira notes by December 15, 2022.

He also disclosed that the old notes would cease to be regarded as legal tender by January 31, 2023.

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Emefiele pointed out that the redesigning of the naira notes would help to curb counterfeit notes, and reduce ransom payments to terrorists and kidnappers.

The CBN boss said it was worrisome that 85 per cent of the total currency in circulation was being hoarded by Nigerians.

As such, he said the redesigning of the local currency would help to mop up the currency outside the banking sector, adding that out of about N3.3tn in circulation, close to N2.75tn were outside the banking sector.

Meanwhile, top officials of commercial banks confirmed to our correspondent on Wednesday they had received the new notes from the CBN a couple of days ago, adding that the redesigned currency would be released to their customers effective Thursday (today).

“We got the funds (new notes) about two days ago. Our head office has dispatched the funds to various area offices across the country. My branch will pick up our allocation at a nearby area office. We will start releasing the new notes to our customers by Thursday,” according to a top official of a commercial bank who spoke to one of our correspondents on condition of anonymity on Wednesday because he was not authorised to speak on the matter.

Multiple banking sources also said the new notes had arrived and were being kept in their vaults.

They confirmed the new notes would be paid to customers in banking halls beginning from Thursday.

“The new notes have arrived, it will be made available to customers from tomorrow (Thursday)” an official of Polaris Bank who pleaded anonymity.

Also, a manager at First Bank Plc who was not authorised to speak on the matter said, “We have the funds from the CBN now. It came in some days ago but it will be made available to customers from tomorrow (Thursday).”

However, some bank officials claimed the amount of the new notes available to the various bank from the CBN was small.

According to them, most OTC payments will still have to be made using the old notes because the amount of the available new notes is still small.

“The amount given to us is small compared to what we need. For example, what is available to my branch is less than N1m. This is nothing compared to what we need. But I believe it will increase with time,” an official of FCMB in Lagos who pleaded anonymity told one of our correspondents.

Also, multiple banking sources confirmed they have started to reconfigure their ATMs to identify the new naira notes.

A top bank executive said, “Most of the banks have started reconfiguring their ATMs so that they can identify the new notes of N1000, N500 and N200.,”’

Meanwhile, findings from the CBN show the total amount to be released into circulation may not be much as the sum previously in circulation.

A top official of the CBN, who spoke on condition of anonymity, said the CBN was planning to increase electronic payments and not cash transactions.

According to him, the CBN will not be printing large amount of the new notes.

He said, “The CBN has been disbursing the new naira notes to the banks but does not intend to disburse large quantities because it wants to boost electronic payments.

“Don’t expect that there will be a large circulation of the new notes in the economy. There are different electronic channels that people should be using.”

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Former Kogi Gov, Ibrahim Idris, dies in UK at 77

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Ibrahim Idris, IBRO, dies in UK
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Kogi State has been thrown into mourning as former Governor of the state,  Ibrahim Idris, fondly called Ibro, has reportedly died in the United Kingdom at 77.

Sources broke the sad news on Sunday, with details of his passing still sketchy as of press time.

Though details regarding the latest development are still sketchy, family sources said Idris had suffered protracted illness.

‎Meanwhile, incumbent Kogi State Governor Ahmed Usman Ododo has condoled with the former governor’s family.

‎In his condolence message, Ododo described the late lawmaker as a man who had made meaningful contributions in politics and business.

‎The governor also recalled his last meeting with the ex-governor in March 2024 during a visit involving political stakeholders from Omala Local Government Area.

Ibro was not just a governor. He was an institution.

From businessman to political colossus, Idris stormed Kogi politics in 2003 when he floored incumbent Abubakar Audu to emerge governor on the platform of the Peoples Democratic Party.

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What followed was a turbulent, dramatic reign.

His 2007 re-election was nullified by the courts after Audu was excluded from the ballot. The Court of Appeal in February 2008 ordered a fresh election. Idris fought back and won the March 2008 re-run, holding on to power until January 2012 when he handed over to Captain Idris Wada.

Born in Idah in 1949, Idris built his name in business before politics — founder of Ibro Trading Company, with tentacles in construction, furniture and hospitality.

He built a furniture factory in Sokoto and Ibro Hotel, reputed to be the first three-star hotel in old Sokoto State.

Fate tested him in 2006 when three of his daughters miraculously survived the ill-fated ADC Airlines Flight 53 crash that killed 96 others. A grateful Ibro called it a “superlative show of mercy” from God.

But tragedy never left him far.

In April 2024, he buried his son, Mohammed Ibrahim Idris, former member of the House of Representatives for Ankpa/Olamaboro/Omala, who died in Abuja shortly after Eid-el-Fitr prayers.

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NDLEA intercepts N3.4bn drugs, arrests fake police officer

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… Records major drug seizures across eight states, FCT

Operatives of the National Drug Law Enforcement Agency, NDLEA, have intercepted more than 1.3 million pills and capsules of tramadol and other opioids, as well as 6,000kg of cannabis, in a series of operations across eight states and the Federal Capital Territory.

The agency said the seizures had a combined street value of more than N3.4 billion.

The operations were conducted in Lagos, Edo, Niger, Delta, Ondo, Gombe and Imo states, as well as the FCT.

The NDLEA Chairman, Brig. Gen. Mohamed Buba Marwa (retd.), commended officers of the various commands for what he described as professionalism and intelligence-driven operations, urging them to sustain the agency’s balanced approach to drug control.

A major highlight of the operations was the interception of 1,200 parcels of Canadian Loud, a potent strain of cannabis, weighing 603.75kg and valued at N1.811 billion.

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The operation also led to the arrest of a 49-year-old suspected drug trafficker, Innocent Ekpe, who allegedly impersonated a senior police officer to evade scrutiny at checkpoints while transporting illicit drugs across state lines.

Ekpe was arrested on Wednesday, September 16, along the Benin-Onitsha Expressway in Asaba, Delta State, with 292.48kg of skunk concealed in his silver Toyota Sienna bus.

According to the agency, preliminary investigation revealed that Ekpe allegedly presented himself as Godwin Emeka, a Deputy Superintendent of Police, using a forged police identification card.

A 39-year-old alleged accomplice, Nduka Joseph, was also arrested.

In Edo State, NDLEA operatives acting on intelligence raided a location along Agbor Road, Benin City, where they arrested 45-year-old Matthew Ossai.

The agency said Ossai allegedly used his auto-repair workshop to store illicit drugs.

Operatives recovered 48kg of Canadian Loud, 152 grammes of methamphetamine and a metal box allegedly used to store the substances.

At the Tin-Can Island Port in Lagos, NDLEA operatives placed a 40-foot container shipped from Montreal, Canada, under surveillance after it arrived on September 12.

A joint physical examination conducted with the Nigeria Customs Service and other security agencies on Wednesday, September 16, led to the discovery of 1,200 parcels of Canadian Loud weighing 603.75kg.

The consignment was concealed inside 31 black jumbo bags loaded into two Toyota Sienna vehicles in the container.

In Niger State, three suspects — Bashir Usman, 20; Abubakar Nuhu, 18; and Abdulrahman Abdulwahab, 18 — were arrested on Tuesday, September 15, during a patrol along the Abuja-Kaduna Expressway at Chachi, Tafa Local Government Area.

The suspects were allegedly found with two locally fabricated AK-47 rifles and a magazine, a locally made pistol with a magazine, and nine rounds of 9mm ammunition concealed in a black travel bag.

Two other suspects, Aminu Isyaku, 23, and Jamilu Habibu, 25, were arrested on Friday, September 18, along the Abaji-Abuja Highway.

The agency said more than 1.1 million assorted tramadol tablets and capsules, codeine syrup, methamphetamine and Exol tablets were recovered from them.

The substances were allegedly concealed in eight sacks and were being transported from Onitsha, Anambra State, to Mararaba, Nasarawa State.

In Lagos, NDLEA operatives arrested Onyeka Ofor at his residence in Aguda, Surulere, on Friday, September 18, with 48,900 pills of tramadol 225mg.

Seven cartons of cannabis sativa weighing 59kg were also intercepted at a logistics company in the state, leading to the arrest of a suspect identified as Luke Ugokwe.

In another operation in Lagos, 43-year-old Ibrahim Hudu was arrested at Apongbo on Thursday, September 17, with 998.38kg of nitrous oxide gas.

In Gombe State, a total of 154,480 capsules of tramadol were recovered from two suspects, Sabi’u Umar, 27, and Hassana Muhammad, 19.

The suspects were arrested at the Barunde area and Gombe Main Market respectively on Friday, September 18.

In Imo State, 25-year-old Ifesinachi Godwin was arrested along the Owerri-Onitsha Road on Friday with 43.85kg of skunk.

Similarly, four suspects — Blessing Effiong, Saviour Peter, David Friday Sunday and Ability Peter Sunday — were arrested during a raid on a two-hectare cannabis farm in Ita-Ogbolu Forest, Ondo State, on Tuesday, September 15.

The NDLEA said 5,000kg of skunk was destroyed during the operation, while 48kg of dried and fresh cannabis was recovered from the location.

Meanwhile, commands and formations of the agency continued their War Against Drug Abuse, WADA, sensitisation campaigns across the country during the week.

The activities included enlightenment lectures for students and staff of St. Ferdinand School, Ogbomoso, Oyo State; Unizik Secondary School, Awka, Anambra State; Scholars Nursery and Primary School, Epe, Lagos State; and Government Technical Training School, Jalingo, Taraba State.

The Delta Ports Command also paid a WADA advocacy visit to traditional ruler, King Couple Mackson Oromoni Mobene III, Pere Ama-Okosu of Ogbe-Ijoh Warri Kingdom, Delta State.

The NDLEA said the sensitisation activities were part of its continued efforts to raise awareness about the dangers of illicit drug use and trafficking.

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Woman allegedly kills husband over plans to marry second wife

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A woman identified as Bilkisu Sani has been arrested in Rogo Local Government Area of Kano State over the alleged killing of her husband, Hafisu Gausu, amid reported plans by the deceased to marry another woman.

According to reports, the incident occurred around 7pm on Friday, September 18, 2026, in the Katsalle area of Rogo town.

A resident, Auwal Kazagi Rogo, said residents rushed to the scene after hearing cries from Bilkisu, who reportedly claimed that her husband had been kidnapped and killed.

Kazagi said residents who arrived at the scene found Gausu with an injury to his head. He explained that contrary to the initial claim that the deceased had been slaughtered, residents allegedly found that he had been struck with an object.

He said the police were immediately contacted and subsequently evacuated the body for investigation.

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According to the resident, Gausu had reportedly been planning to marry another woman as his second wife, a decision that allegedly led to repeated disagreements between him and Bilkisu.

Kazagi said the woman had allegedly vowed to prevent the marriage, prompting community elders to intervene in an attempt to resolve the dispute. However, tensions reportedly continued.

The police subsequently arrested Bilkisu as the prime suspect, while investigations into the circumstances surrounding Gausu’s death remain ongoing.

The deceased was buried on Saturday morning in Rogo in accordance with Islamic rites.

Reports indicate that Gausu and Bilkisu had been married for nearly seven years and had two children. Bilkisu is also reportedly pregnant for the deceased.

Sources in the community further claimed that Gausu had asked his prospective bride’s family to bring forward the wedding date by two months because of the reported disagreement with his wife.

The police have yet to conclude their investigation into the incident, and the allegations against Bilkisu remain subject to the outcome of the investigation and any subsequent court proceedings.

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