CBN Sanctions Banks for not Dispensing cash via ATM

Newskingdom reports that the Central Bank of Nigeria (CBN) has penalized nine commercial banks for failing to ensure the availability of Naira notes in their ATMs during the holiday season. The affected banks received a fine of N150 million each for not adhering to cash distribution guidelines after CBN inspections which include Fidelity Bank, First…

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EFCC summons two Nigerians over naira abuse

For their involvement in alleged illegal naira abuse, the Economic and Financial Crimes Commission (EFCC) has summoned Subomi and Wahab Okoya, sons of billionaire industrialist Razaq Okoya, for questioning. This is coming after a viral video of spraying and matching on Naira surfaces on the internet. ,,,,,In a summon.issued by Michael Wetkas, acting director of…

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Short profile of new Alaafin of Oyo, Owoade

Short profile of new Alaafin of Oyo, Owoade Prince Akeem Owoade was born in 1978 into the esteemed Owoade-Agunloye royal family of Oyo town. As a descendant of Aremo Aderounmu Iyanda Owoade, Prince Owoade’s lineage is steeped in tradition and heritage. Education and Career Prince Owoade’s academic journey began at Baptist High School, Saki, where…

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Three convicted Nigerian Women Freed Saudi Arabia Prison

THENEWSKINGDOM reports that, ten months after their convictions, three Nigerian women, who were arrested and prosecuted for drug trafficking in Saudi Arabia have been discharged and acquitted. According to Spokesman of the Ministry of Foreign Affairs, Kimiebi Ebienfa, who confirmed the development on Sunday, said the importance of the diplomatic engagements that led to the…

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Two Traditional Leaders Sacked By State Gov

Newskingdom reports that two traditional rulers have been relieved of their duties by the Cross River State Governor Bassey Otu, as no specific reasons were provided for the decision. In a statement signed by the Governor’s Chief Press Secretary, Gill Nsa, which announced the suspension of His Highness Okkon Archinong Eke, the village head of…

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