Tag Archives: notes

A Nigerian actress has been sentenced to six months imprisonment for tampering with the currency after she was filmed spraying and stepping on newly issued naira notes last year. Oluwadarasimi Omoseyin was arrested last February in Lagos after the video of her at a party surfaced online. The Nollywood star …

A video trending on social media shows a supposed member of the New Patriotic Party (NPP) displaying Bawumia branded t-shirts and GH¢200 notes. According to him, the shirts and money were shared at the campaigns of the Vice President, Dr Mahamudu Bawumia. He said that he would attend every campaign of the vice …

President Muhammadu Buhari has directed the country’s central bank to release the old 200 naira banknotes back into circulation and run concurrently with the new ones until April 10, 2023. However, he said that the old 500 and 1,000 naira banknotes are no longer valid and must be taken to …

A Federal High Court sitting in Ikoyi, Lagos State has remanded Nollywood actress and skit maker Oluwadarasimi Omoseyin in Kirikiri correctional center for tampering with the new naira notes. The actress was arraigned by the Economic and Financial Crimes Commission (EFCC) on Monday, February 13 on a two-count charge brought …

A video shared online shows sacks of damaged naira notes reportedly discovered in Wadata Police Barracks, Benue State.   The Naira notes were hidden in multiple bags and is suspected to have been stacked for years, going by the state of the Naira notes.   A voice in the video …

President Muhammadu Buhari on Wednesday finally unveiled the re-designed Naira Notes as proposed by the Central Bank of Nigeria (CBN). The CBN Governor, Godwin Emefiele, had on Tuesday said that the president will unveil the newly designed N1,000, N500 and N200 notes. The unveiling marks the first time in 19 …

The Economic and Financial Crimes Commission (EFCC), has arrested two suspected currency counterfeiters in Abuja. A statement issued by the EFCC spokesman, Wilson Uwujaren, on Friday, October 21, 2022, identified the suspects as Johnson Olumoyegun and Tanko Abubakar. He said the suspects were arrested on Thursday and Friday, October 6 …

On July 19, 1965, Ghana first adopted the cedi notes and pesewa coins to replace the Ghana pounds; shillings and pence. Under British colonial rule, the official currency was the Ghana pounds, shillings and pence. Prior to this, the West African Currency Board was first adopted and used mainly for …

UPDATE: GT Bank Ghana has rectified an earlier report suggesting that it will no longer accept ’50 and 20 paper notes’ for banking transactions effective August 31. The bank in an email to its customers clarified that the currency denomination it meant to refer to was the UK pounds sterling which …

A former Political Science lecturer at the Kwame Nkrumah University of Science and Technology (KNUST), Dr. Richard Amoako Baah, has stated that the opposition National Democratic Congress (NDC) is right about a claim of new currency notes printed by the Central Bank. Cassiel Ato-Forson, the Ranking Member on the Finance Committee of …