Central Bank of Nigeria

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BVN registration deadline extended to Oct. 31, 2015

The Central Bank of Nigeria (CBN) in a circular issued and signed by Mr Dipo Fatokun, Director, Banking and Payment System Department, in Abuja today has extended the Bank Verification (BVN) registration deadline to Oct. 31 to facilitate a smooth completion of the registration exercise.
`It has come to our notice that the BVN registration has elicited tremendous interest from the Nigerian bank customers who crowded the banking halls in order to beat the deadline. In view of the foregoing, it has become imperative for the banks to extend the timeline for all customers to have the BVN. The deadline for the enrolment is hereby extended from June 30 to Oct. 31,” It stated.
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President Goodluck Jonathan to unveil the new N100 bank note tomorrow.

I’m sure nobody thought of seeing a new bank note this year. Nigeria’s President Goodluck Jonathan will tomorrow, Wednesday November 5, 2014 unveil the new commemorative N100 banknote by the Central Bank of Nigeria.

In a statement made available on Monday, the Apex bank said the commemorative note was part of its contribution to the country’s centenary celebration. The new note retains the portrait of the late Chief Obafemi Awolowo, comes in different colours and contains other new features.

 

“The choice of the N100 denomination is to mark the centenary celebration of Nigeria and is consistent with best global practices for central banks around the world during the celebration of national events. Part of the features of the commemorative banknote is the inscription of the theme of the centenary celebration: ‘One Nigeria, Great Promise’ as a micro-text.

 “While retaining the portrait of the late Chief Obafemi Awolowo on the front, the new note features Nigerian traditional dancers at the back. The commemorative note comes in different dominant colours.” The CBN wrote.

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CBN re-introduces charges on ATM withdrawals

The Central Bank of Nigeria (CBN) has re-introduced charges on remote-on-us ATM withdrawals i.e withdrawals from other banks. The new charge is now N65 per transaction. The apex bank explained that the policy takes effect from September 1, 2014.

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Entertainment

Sanusi Lamido wins! Court orders FG to pay him N50m damages

In a judgement delivered today, April 3rd, 2014 by Justice Ibrahim Buba; a Federal High Court, Lagos has ordered the Federal Government, the State Security Service and the police to issue a public apology, release the seized passport and pay N50m exemplary damages to the suspended Governor of the Central Bank of Nigeria, Sanusi Lamido. The allegation of terrorism financing levelled against him has also been dismissed.
You would recall that Sanusi was suspended as CBN governor on his way back from Niger Republic where he had attended a meeting of CBN Governors of ECOWAS states. On February 20, 2014, he was arrested and had his passport seized at the Murtala Mohammed International Airport.
The court held that the respondents, acting through the SSS do not have power to forcefully withdraw and seize the applicant’s passport for any reason and his detention without any allegation of commission of crime or charge amounted to restriction of his personal liberty and unlawful violation of his rights to personal liberty.
“The court observes that surely, there is no doubt that either there is no synergy between the respondents or the respondents are only singing discordant tunes as afterthought,” the judge added.
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