LAGOS FEBRUARY 17TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has denied reports in some of the media that it has authorize banks to accept N500 and N1,000 old notes as deposit. Recall that media houses have been spreading the information that CBN has directed Banks to collect old N500, and N1,000 notes from customers with…
LAGOS JANUARY 7TH (NEWSRANGERS)-The Federal High Court sitting in Abuja has ordered the seizure of funds and assets that the Economic and Financial Crimes Commission, EFCC, traced to a banker, Mr Aleshe Ayodeji, who allegedly deposited fake currencies worth over N20million, with the Central Bank of Nigeria, CBN. EFCC alleged that Ayodeji, who was in…
LAGOS NOVEMBER 5TH (NEWSRANGERS)-Central Bank of Nigeria (CBN) has directed that individuals can only deposit N5million for new accounts and N50million for old accounts in one month. CBN Director of Currency, Ahmed B. Umar,who issued the directive said that individuals will not be allowed to deposit more than N5 million if the transaction involves a…