
News
Banks to issue new naira notes today, reconfigure ATM machines
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.

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.”
News
2027: Why I wont attend every campaign rally – Tinubu
President Bola Tinubu has explained why he will not accompany members of the All Progressives Congress (APC) Presidential Campaign Council to every campaign event ahead of the 2027 general election, saying he must balance the demands of the re-election campaign with the responsibilities of governance.
Tinubu spoke on Wednesday in Abuja during the inauguration of the APC Presidential Campaign Council, where he charged members to take the party’s message to Nigerians across the states and local government areas while he concentrated on running the country.
The President said he agreed with concerns that the rigours of campaigning should not distract him from governance, insisting that Nigeria required his attention at a time when the administration was managing economic responsibilities and international financial obligations.
“You’ve warned me not to allow the rigour of the campaign to distract me from governance, I hear you. I am in full agreement with your decision. Nigeria needs more attention now,” he said.
Explaining further, Tinubu asked campaign council members to excuse him from attending every campaign event, pointing to the need to meet the country’s financial obligations.

“So, you will excuse me from going everywhere with you, we have bills to pay. The American creditors cannot wait,” the President said.
He also emphasised the importance of attracting investors willing to make long-term commitments to Nigeria, arguing that investment was necessary to secure a better future for the country’s children.
“We want those investors to come in, be here to stay, to invest for the future of our children,” he said.
Tinubu, however, assured Nigerians that his decision not to attend every campaign event would not prevent him from engaging directly with voters.
“However, I will still make time to speak directly with Nigerians, even as you lead the campaign in the states and local government areas,” he added.
Describing the inauguration as more than a routine political gathering, the President said the council represented a renewed commitment to Nigerians and the responsibilities entrusted to the APC as the governing party.
“We have not gathered merely to inaugurate a council. We have gathered to renew a covenant. A covenant with Nigerian people and the historic responsibility they have entrusted to us as Nigeria’s governing party,” he said.
He charged council members to communicate the administration’s vision, record and agenda to Nigerians nationwide, expressing confidence in their ability to take the party’s message to every ward.
“This council will carry our vision, our records and our agenda to every Nigerian, and it will carry them to victory every ward of this country,” Tinubu said.
The President also commended APC members for successfully completing the party’s congresses, recalling predictions that the exercise would trigger an internal crisis.
According to him, the party had overcome the challenges and emerged united, with members participating in the process from the ward level to the national leadership.
“They said there will be implosion. We passed through it. We did not fail. You didn’t let us down. We got here together,” he said.
Tinubu’s remarks place governance and economic management at the centre of his stated approach to the coming campaign, while assigning the campaign council the responsibility of coordinating the party’s nationwide mobilisation ahead of the 2027 election.
News
EFCC probes Atiku over alleged corruption committed as Vice President
The Economic and Financial Crimes Commission (EFCC) has reopened an investigation into allegations involving former Vice-President Atiku Abubakar following a petition by a former member of the House of Representatives, Hon. Ehiozuwa Johnson Agbonayinma.
The commission acknowledged receipt of the petition, dated August 27, 2026, and received on September 1, 2026, confirming that investigation has commenced.
The former lawmaker through his lawyer, Chief Hannibal Uwaifo (SAN), is seeking a review of the allegations arising from an earlier investigation involving the former vice-president.
As part of the process, the EFCC invited Agbonayinma to its headquarters in Jabi, Abuja, on October 12, where he adopted his petition and responded to questions from investigators.
He arrived at about 9:58 a.m. and left at approximately 4:07 p.m. after the interview.

The commission’s acknowledgement letter, referenced CR:3000/EFCC/HQ/SDC-2/VOL.3/398, forms part of the ongoing investigative process.
He told newsmen that his petition sought to revisit an investigation conducted by the former EFCC chairman, Mallam Nuhu Ribadu, involving Atiku.
He argued that the matter deserved renewed attention in the interest of accountability and the rule of law.
“I want to thank Nigerians, the EFCC and those praying for me in this struggle. The laws are meant for both the rich and the poor. After the EFCC has done a fantastic job, it should not be kept under the table,” he said.
Agbonayinma added that he considered reporting alleged wrongdoing a constitutional responsibility, insisting that nobody was above the law.
He also disclosed that he had written a petition on the matter to United States President Donald Trump, calling for attention to the allegations.
News
‘Anyone who attempts suicide and fails will go to jail,’ says Akpabio
The Senate has passed, for second reading, a bill seeking to establish a national framework for suicide prevention, decriminalise attempted suicide and provide rehabilitation for survivors, despite opposition from Senate President Godswill Akpabio, who insists that the act should remain punishable by imprisonment.
Sponsored by Senator Asuquo Ekpenyong, representing Cross River South, the bill seeks to address what he described as a contradiction in Nigeria’s laws.
Ekpenyong argued that while the National Mental Health Act recognises attempted suicide as a psychiatric emergency requiring treatment, Section 327 of the Criminal Code and Section 231 of the Penal Code still criminalise the act.
He said decriminalisation without accessible care would be incomplete, stressing that suicide has complex causes and requires a humane, health-focused response.
“At the heart of this bill is a simple question: when a Nigerian survives a suicide attempt, should the first response of the state be prosecution or protection?” he asked.

He warned that continued punishment could create a situation in which people experiencing distress feel compelled to ensure their attempts are fatal to avoid prosecution.
The bill proposes replacing imprisonment with mandatory assessment, referral, treatment and follow-up support. It also provides for crisis helplines, training for police officers, teachers and health workers, public education and a national data system for suicide prevention.
However, Akpabio maintained that attempted suicide should remain a criminal offence, arguing that removing the penalties could encourage the act.
“If you attempt suicide, make sure you die. Anyone who attempts and fails will go to jail,” the Senate President said.
Akpabio added that the issue involves both the Criminal Code and the Penal Code, requiring input from State Houses of Assembly during a public hearing to avoid legal conflicts.
The bill has been referred to the Senate Committees on Judiciary and Health for further legislative action and a public hearing.
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