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Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, on Thursday, said that the recently-introduced policy on cash withdrawal limit was not meant to hurt anybody but to strengthen the nation’s economy.

The CBN governor, who stated this while speaking with State House correspondents after meeting behind closed-doors with President Muhammadu Buhari in Daura, Katsina State, assured that the apex bank will not be rigid on the policy following criticism from the Senate, business experts and some stakeholders.


Recall that the CBN had, on Tuesday, unveiled a revised cash withdrawal limit with a maximum of N100,000 cash withdrawal per week for individuals and N500,000 cash per week for corporate bodies.

But the Senate faulted the bank on the grounds of timing, arguing that it might worsen the tight economic environment.


Besides, stakeholders have expressed worry about the possibility of implementing hitch-free cash withdrawal limits in communities with ‘blind spots or poor network connectivity.’

However, the CBN governor explained that more and more countries that are embracing digitisation have gone into cashless and that this policy not targeted at anybody.

Emefiele, who said he visited Daura to greet Mr. President and to brief him about what is happening in Central Bank and the economy, revealed that President Buhari was very happy “and said we should carry on our work, no need to fear, no need to bother about anybody.”

He said that the new policy of the apex bank is for the good and development of the Nigerian economy, adding “we can only continue to appeal to Nigerians to please see this policy the way we have presented it.”


Responding to the objection of the Senate, he said, “Well, the Senate of the Federal Republic is the National Assembly.

“They are legislative arm of the government and from time to time we brief them about what is happening and about our policies and I’m aware that they have asked for some briefings and we will brief them.

“But I think it’s important for me to say that the cashless policy started in 2012.

“But almost three to four occasions we had to step down the policy because we felt that there is a need for us to prepare ourselves and deepen our payment system infrastructure in Nigeria.


“Between 2012 and now 2022, almost about 10 years, we believe that a lot of electronic channels have been put in place that will aid people in conducting banking and financial service transactions in Nigeria.

“We heard about people talk about some of the people in the rural areas and the truth is that even online banking; as I was coming out to Daura, I saw a kiosk that has super agent today.

“It’s because of the way we felt that there was a need for us to deepen the payment system infrastructure.

“We have 1.4 million super agents that are all over different parts of the country, all local governments, and all villages in this country.


“And I have told my colleagues, some of their names are already on the CBN website and we will publish all the names of all the super agents.

“And having super agent which is different from the banks which is different from microfinance banks, which is different from other financial institutions.

“Having 1.4 million of them is as good as having 1.4 million banking points where people can conduct services.

“We think, Nigeria as a big country, the biggest economy in Africa that we need to leapfrog into the cashless economy.


“We cannot continue to allow a situation where over 85 per cent of the cash that is in circulation is outside the bank. More and more countries that are embracing digitisation have gone into cashless.”

“We will be reviewing from time to time how this is working because I cannot say that we are going to be rigid.

“But it is not to say that we will reverse, it is not to say that we will change the timing, but whether it is about tricking some amount to be a little bit higher or a little bit lower, and all the rest of them.

“We will do so because we are humans, we want to make sure that we are make life good for our people.


“We do not want to make life difficult for them. So there is no need for anybody to worry, the central bank is monitoring what is happening and I can assure everyone that we are up and alive to our responsibilities and we will do what is right for Nigeria and Nigerians.

“We do not want to make life difficult for them. So there is no need for anybody to worry, the central bank is monitoring what is happening and I can assure everyone that we are up and alive to our responsibilities and we will do what is right for Nigeria and Nigerians.”


“I can only just assured you that it will go round, let us just be calm, luckily the old currency continued to be legal tender till January 31, 2023.

“So, I want to crack a joke, both the painted (new notes) and unpainted (old notes) will operate concurrently as a legal tender.

“But by January 31, the unpainted one will not be useful you again, so please take it to your bank as quickly as possible,” he added.



Nigerian music star David Adeleke popularly known as Davido, is set to perform at the closing ceremony of the 2022 World Cup in Qatar.

The music star, who has stayed away from social media and events aside from his uncle, Ademola Adeleke’s inauguration ceremony, since the death of his son, Ifeanyi, has confirmed that he will be performing in Qatar.

Chinese businessman, Stephen Hung, shared the news via his Instagram story on Thursday.

Hung expressed his excitement saying, “So happy my bro #davido confirmed he will be performing at the World Cup Qatar closing ceremony. Can’t wait to see him there.”

The World Cup’s closing ceremony will take place on December 18.

Nigerian singer, Kizz Daniel also performed at at the World Cup thrilling the crowd to his hit song ‘Buga’ at the World Cup Fans Festival in Qatar

The excited crowd were seen dancing and screaming in the video posted on social media.

Another Nigerian singer, Patoranking, also performed at the FIFA Fan Festival in Al Bidda Park in Doha last week

Legendary Canadian singer, Celine Dion, has been forced to reschedule and cancel dates for her European tour after being diagnosed with an incurable neurological condition.

On Thursday, 8 December, the sonorous singer posted a teary-eyed video on her Instagram page explaining that she had been diagnosed with Stiff Person Syndrome, which she says affects every aspect of her daily life.


The songstress said, “As you know, I’ve always been an open book and I wasn’t ready to say anything before, but I am ready now. I’ve been dealing with problems with my health for a long time and it’s been really difficult for me to face these challenges and to talk about everything that I’ve been going through.”

The 54-year-old explained that she had “recently” been diagnosed with “a very rare neurological disorder called, Stiff Person Syndrome, which affects around one in a million people,” independent.co.uk reports


Dion said, “While we are still learning about this rare condition, we now know this is what has been causing all the spasms that I’ve been having.” The multiple award-winning songstress explained that the condition affects her ability to perform and sing, as well as to carry out normal activities.


“Unfortunately, these spasms affect every aspect of my daily life, sometimes causing difficulties when I walk and not allowing me to use my vocal cords to sing the way I’m used to,” she said, adding that it “hurt” her to announce that her tour would not be restarting in February.


The singer has cancelled eight of her summer shows scheduled for 2023 and rescheduled her Spring 2023 shows to 2024. However, Dion assured fans that she has a “great team of doctors” working hard to help her get better, but admitted it has been a “struggle”.

She said, “All I know is singing. It’s what I’ve done all my life and it’s what I love to do the most. I miss you so much. I always give 100 per cent when I do my shows but my condition is not allowing me to give that to you right now.”

The singer explained that she is focusing on her health in order to be able to perform again and thanked her fans for their well wishes. “I love you guys so much and I really hope I can see you again real soon.”

Earlier this year, Celine was forced to cancel North American tour dates and dates on her Las Vegas residency due to health concerns. It transpires that these cancellations were also related to the condition.

See the post below:


Former Big Brother Naija housemate, Pere Egbi has shared his opinion on why marriage is a scam.

Pere shared this opinion via his Twitter page on Thursday.


Pere stated that an individual will marry, only to end up in divorce and be single all over again.

“The same ones shouting “it’s not” are the same ones who believe there’s a “right person” for you! No there isn’t. There are “compatible” persons for everyone tho. It’s still a scam. Why marry only to end up in divorce and be single all over again?


“In Heaven you won’t have a wife or husband for the rest of eternity! Love isn’t a scam tho.

“Everyone has a bad attitude? Seems like it is cos the marriages we admire most are the ones breaking. I mean even Paul advised the unmarried to stay single! (1 Cor 7:8),” He Twitted.


Veteran Nollywood actress, Regina Asika has reacted after her colleague, Alex Ekubo cautioned her for posting the arrest of Nigerian singer, Dbanj.

Naia News earlier reported that the ICPC had on Wednesday confirmed that Dbanj was in its custody to help with investigations relating to Npower fraud.


Many had speculated that the internationally renowned musician was arrested by the anti-graft agency for conniving with some government officials to commit fraud.


But in a statement on Wednesday, D’banj’s legal representatives, Law Corridor, dismissed reports of any arrest.

According to the statement signed by Maryam El-yakub Musa, the musician voluntarily went to the ICPC office after an invitation was sent to him.

I Don’t Care About Liked Or Love

Following the arrest reports which made the rounds online, Nigerian American-based actress, Regina Asika, took to her Instagram page to share the news accompanied by a photo of Dbanj.

Reacting, Alex Ekubo reached out to the actress, saying it was wrong to share such a post on her page especially when the report is unconfirmed.


However, Regina pointed out that the news of the arrest is everywhere and someone from the press also sent her the news.

According to her, she is unbothered about losing goodwill because of Dbanj’s post and there is no need to shy away from the truth because of backlashes online.

Alex further urged Regina to desist from sharing negative reports about entertainers either confirmed or unconfirmed.

See the conversation below:

Last modified on Thursday, 08 December 2022 14:38

Nigerian singer and songwriter, Oxlade, topped both categories of top trending people and top trending musicians searched by Nigerians this year. 

This is according to Nigeria’s 2022 Year in Search lists released by Google on Wednesday.

According to the report, Asake, an Afrobeat singer signed to YBNL Nation, came up in second place in the top trending musician’s list.

Meanwhile, Anikulapo, a Nigerian epic fantasy film starring Kunle Remi and produced by Kunle Afolayan, topped the category of trending movies and series.

The 2022 Year in Search lists provides a snapshot into what piqued Nigerians’ curiosity in a year that saw major sporting events, high-profile deaths, and in the run-up to Nigeria’s election in February 2023.

Questions Nigerians are asking: The report reveals that top questions Nigerians asked Google this year include ‘Who is Peter Obi’s running mate?’ ‘Who is the APC Presidential candidate?’, ‘Who is Atiku’s running mate?’, ‘Who is leading in the Osun State election?’, ‘Who is Tinubu’s running mate?’ and ‘Who is Peter Obi?’.

Entertainment-related search terms like ‘Finesse lyrics’, ‘Buga’, the song by Kizz Daniel featuring Tekno, and ‘Will Smith’ all topped their categories revealing Nigerians’ interest in lyrics, songs and celebrity personalities.

Other top searches: The Africa Cup of Nations, referred to as AFCON, and Casemiro, a Brazilian football player, topped the categories of top trending searches and top athletes and sports people respectively. Nigeria was eliminated from the 2022 AFCON competition by Tunisia in a 1 – 0 defeat as Senegal went on to beat Egypt to win their first Africa Cup of Nations title earlier this year. The strike action by ASUU, the Academic Staff Union of Universities, that lingered for eight months got the Union in second place in the top trending searches by Nigerians in the period under review.


Last modified on Thursday, 08 December 2022 14:38

The management and legal representative of Oladapo Oyebanjo, popularly known as D’banj, has clarified reports of his arrest by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

Naia News recalls that the ICPC had on Wednesday confirmed that Dbanj was in its custody to help with investigations relating to Npower fraud.


Many had speculated that the internationally renowned musician was arrested by the anti-graft agency for conniving with some government officials to commit fraud.


But in a statement on Wednesday, D’banj’s legal representatives, Law Corridor, dismissed reports of any arrest.

According to the statement signed by Maryam El-yakub Musa, the musician voluntarily went to the ICPC office after an investigation was sent to him

Read the full statement below:

The media is awash with reports of Oladapo Oyebanjo (Dbanj) in ICPC custody with regards to unestablished allegations of fraud for which it has become crucial to make the following statement for the purpose of clarity and to set public records straight.

1. It is instructive to state foremost that the report concerning the arrest and detention of Mr. Daniel Oladapo Oyebanjo is misconceived, malicious and prejudicial to the justice system anywhere in the world and we would advise that the general public be well guided.


2. We acknowledge the fact that the ICPC is currently investigating allegations of diversion of N-POWER funds as already stated by the Commission and we continue to hold the expectation that the Commission will stay the course of professionalism in this matter.

3. For the record, D’banj has no such contractual or incidental relationship whatsoever with any group or persons within or outside government in relation to the disbursement, operations, access or control of the operation of any government fund through an agency or its subsidiaries.


4. Emphatically and as a matter of policy, Dbanj and his management do not engage in business dealings unless they are legitimate, properly documented and obtainable in law.

5. Dbanj was officially invited by the ICPC in respect of the investigation a month ago, however, he sent in letters through his Attorneys to the Commission in respect of his schedule in South Africa and promised to visit the Commission when he returned.


6. On Monday the 5th of December, 2022, D’banj freely and of his law-abiding accord went to the Commission at about 2pm immediately he arrived Abuja. The Officers of the Commission advised that he returned the following day as it was late for any interview on said Monday.


7. D’banj returned to the Commission the following day being Tuesday the 6th of December, 2022 as earlier agreed and voluntarily submitted himself to the Commission to make their inquiry and investigation.

8. D’banj has encouraged the Commission to carry out its investigation thoroughly to ensure that characters attempting to bring him into such ridiculous activities must be brought to book.

9. It is inconceivable that D’banj whose very career is a reference point for hard work, diligence and honesty would lend his reputation built steadfastly over the years to acts of such accusations which he must now stoically suffer through while clearing his name.

The general public are advised to resist the urge to buy into media sensationalism which is unsurprising but regardless harmful to the course for the truth which D’banj has willing set himself on by honouring the ICPC’s summons.
We retain the hope that the thoroughness of the ICPC will in no time exonerate D’banj of all and every allegation levelled against his person and it is for this reason that we implore the general public to stay guarded against malicious traducers who may be attempting to soil his image for their own purposes.
Thank you.

Maryam El-yakub Musa. Esq.
Asst. Team Head, Litigation



Last modified on Thursday, 08 December 2022 14:39

An eight-month pregnant Mexican woman was found dead after suspected gunmen attacked and cut her open to steal her fetus, according to Daily Mail on Tuesday.

The authorities said the woman was attacked by two assailants on Monday, but her unborn baby was retrieved alive.

The report said the victim, Rosa Isela Castro Vazquez, a twenty-year-old woman was abducted by two suspects who cut the baby out of her womb and dumped her body in Medellin del Bravo, in the Mexican state of Veracruz.

However, police arrested the suspected criminals – a man and woman — after learning there was a newborn baby in their possession as disclosed by the attorney general’s office in the eastern state of Veracruz.

They allegedly sliced open the victim to remove the fetus because the woman attacker was unable to have children herself. Police did not reveal their identities.

Ministerial Police arrested Gonzalo “N” and Veronica ‘N’ as alleged perpetrators of the crime of disappearance committed by individuals.’

It used ‘N’ as practised in Mexico to conceal a suspect’s full name due to local privacy laws.

Last modified on Wednesday, 07 December 2022 16:14

Nollywood Veteran, Pete Edochie, recently spoke about his children when he granted an interview with Vanguard News.

The renowned actor who got married to Josephine Edochie when he was 22 years old, have six children together, with two of them following in their father’s acting footsteps.


Pete Edochie’s children are Eva, Yul, Gene, Linc, Uche, and Leo.



Recall that Yul, who is also an actor, shook the Nigerian social media space with the news of him marrying an actress, Judy Austin, as a second wife, despite his first wife, May, being by his side for years before his eventual fame.

During the interview, Pete Edochie, talked about how he feels regarding the scandal, and specifically answered question on why Yul is so different from his other children.

Pete Edochie simply said:

He’s into show business and he tries to create controversies around himself. That’s why he has a lot of followers on social media.”

The interviewer continued: But why does it seems Yul is a child after your heart?


His response;

All my children are after my heart. Whatever they do I am still their father, and I am very close to all of them. I don’t have a favorite one. And I didn’t raise them like that. Whatever you find in my house is accessible to all of them .


“I don’t contest their choices with them. If any one of them meets a girl and he’s in love with her and he wants to marry her, let that person go ahead and do so. I gave them the necessary education they require to stand on their own. I bought a car for each one of them when they graduated from the university.”

Last modified on Wednesday, 07 December 2022 16:14

The recent report by the Nigeria Bureau of Statistics (NBS) that about 133 million Nigerians live in poverty is generating serious controversy, with the Federal and State governors now trading words.

Recall that in the early month of November, NBS disclosed that 133 million Nigerians were multi-dimensionally poor, saying that the figure represents 63 percent of the country’s population.

The report blamed the country’s rising poverty on poor access to education, living standards, health, employment and security.

It further indicated that 65% of the country’s poor people (86 million) live in the North, whereas 35% (nearly 47 million) live in the South.

In the wake of the NBS report, SERAP blamed Nigeria’s rising poverty on corruption and mismanagement in the spending of trillions of naira on social safety nets and poverty alleviation programmes, including the reported disbursement of over $700 million from the repatriated Abacha looted funds to these programmes.

Some economic experts also blamed the country’s leaders at the federal, State and local governments for throwing millions of Nigerians into abject poverty.

However, following a series of criticisms and condemnations that trailed the report, the federal government last Wednesday came out to say that State governors were responsible for the rising rate of poverty across the country.

Clement Agba, the honourable Minister of State for Budget and National Planning had, while briefing correspondents at the State House shortly after the weekly Federal Executive Council meeting in Abuja, attributed the poverty rate to governors’ misplaced priority.

Agba said the governors prioritised the construction of infrastructure, such as bridges and airports in cities, rather than improving the lives of the people in rural communities, adding that State governors chose to expend State resources on the capital cities.

“The governors are basically functioning in their State capitals. And a democracy that we preach about is delivering the greatest goods to the greatest number of people. And our demography shows that the greatest number of our people live in rural areas, but the governors are not working in the rural areas.

“I think from the Federal Government’s side, we are doing our best. But we need to say that rather than governors continuing to compete to take loans to build airports that are not necessary, where they have other airports so close to them, or governors now competing to build flyovers all over the place, we appeal that they should concentrate on building rural roads so that the farmer can at least get their products to the market,” he said.

Reacting to the federal government’s claim that they were responsible for the poverty among Nigerians, State Governors, under the umbrella of the Nigeria Governors’ Forum, stated that the Federal Government has the blame for the rising poverty level among Nigerians.

The NGF said the rising level of poverty in the country was a consequence of the biting effect of insecurity on commercial and agricultural activities.

NGF blamed FG for abandoning its duty of addressing the security challenges crippling economic activities in the country.

The NGF also alleged that the Federal Government’s inaction had allowed bandits, insurgents, and kidnappers to turn the country into a killing field.

“This dereliction of duty from the centre is the main reason why people have been unable to engage in regular agrarian activity and commerce. Today, rural areas are insecure, markets are unsafe, travel surety is improbable, and life for the common people generally is harsh and brutish.

“How can a defenceless rural population maintain a sustainable lifestyle of peace and harmony when their lives are cut prematurely, and they wallow permanently in danger? How does a minister whose government has been unable to ensure security, law, and order have the temerity to blame governors?” it said in a statement.

Speaking to DAILY POST, a private financial management consultant, who would not want his name mentioned, said the blame should go to all the levels of government, including federal, State and local governments.

He lamented that the issue of poverty is a cumulative effect of bad policy choices by various levels of government in the country.

“First, the government at the centre seems to be directionless; there is no clear-cut economic blueprint it’s working with. Its policies are more of a cut-and-join approach. The problem started right from the time it took over power from the previous administration. How can one justify the delay in constituting the federal cabinets in 2015? Do you think it did not have negative effects?

“We are aware of the impact of COVID-19 and, recently, the war in Ukraine on the world economy, especially on the economies of developing countries, but it is not enough an excuse for the deep mess the nation has found itself in.

“The problem is even more compounded at the State level of government. The governors are notorious for gate-crashing at Abuja every month to collect monthly allocations; aside from that, the governors don’t have a plan on how to develop human capital within their areas of jurisdiction. One may say that it is a structural problem of our own type of federalism, but it is not a sufficient reason for bad governance.

“Even though everyone would readily want to lay blame on the federal government, how do you justify the strangulation of local governments under the supervision of State governors? We are all in the know of how the State governors treat local governments as if they are private estates.

“I think the causal factors of poverty in the country are complex, even though these factors are within the purview of the various levels of government, be it federal, State or local government. One may look at it from the angle of security, education, social infrastructures and the economy,” he said.


Last modified on Wednesday, 07 December 2022 16:15
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