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Just In: CBN orders banks to pay new notes over the counter
The Central Bank of Nigeria (CBN) has reversed itself and directed banks to commence paying customers new Naira notes Over The Counter (OTC).
The apex bank said the order was to reduce queues around Automated Teller Machines (ATMs) across the country.
CBN Governor Godwin Emefiele gave the directive in Abuja on Thursday.
A statement from CBN’s Director Corporate Communication Osita Nwanisobi, explained banks can only pay N20,000 of the new notes over the counter per day to individuals.
The statement reads: “The Governor, Mr. Godwin Emefiele, has directed Deposit Money Banks (DMBs) to commence the payment of the redesigned Naira notes over the counter, subject to a maximum daily payout limit of N20,000”.

To ensure the effective distribution of the newly introduced naira banknotes, the CBN urged Nigerians “to exercise patience as the CBN is working assiduously to address the challenge of queues at ATMs”.
Speaking to the long queues at ATM points, Nwanisiobi lamented the queues at ATMs across the country “and an upward trend in the cases of people stocking and aggregating the newly introduced banknotes”.
He said these people “serially obtain cash from ATMs for reasons best known to them. Also worrisome are the reported cases of unregistered persons and non-bank officials swapping banknotes for members of the public, purportedly on behalf of the CBN”.
The CBN spokesman appealed to Nigerians “to embrace and adopt other payment channels for their transactions.
“There are moves now by the CBN and security agencies to go after party goers who abuse the Naira. In the same statement, Nwanisiobi said “it is unlawful to sell the Naira, hurl (spray), or stamp on the currency under any circumstance whatsoever” describing those engaging in these practices as “unpatriotic persons”.
The CBN particularly frowned at those “who sell the newly redesigned banknotes and those who flagrantly abuse the legal tender by hurling wads of Naira notes in the air and stamping on the currency at social functions”.
To stop this practice, Nwanisiobi said “the CBN is collaborating with the Nigeria Police, Federal Inland Revenue Service (FIRS), the Economic and Financial Crimes Commission (EFCC) and the Nigerian Financial Intelligence Unit (NFIU) to address the unpatriotic practice”.
He warned Nigerians, “particularly those at social functions such as birthdays, weddings and funerals, to desist from disrespecting the Naira or risk being arrested by law enforcement agencies”.
According to him, “the Naira is our legal tender and symbol of national pride. Therefore, let us respect it and handle it with care”.
For emphasis, Nwanisiobi drew party goers’ attention to “section 21(3) of the Central Bank of Nigeria Act 2007 (As amended) which stipulates that “spraying of, dancing or matching on the Naira or any note issued by the Bank during social occasions or otherwise howsoever shall constitute an abuse and defacing of the Naira or such note and shall be punishable under the law by fines or imprisonment or both.”
Also, Section 21(4) states that “It shall also be an offence punishable under Sub-section (1) of this section for any person to hawk, sell or otherwise trade in the Naira notes, coins or any other note issued by the Bank.”
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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