Mr Godwin Emefiele Archives - Freedom Online

Nigeria’s e-Naira: Challenges of adoption, potential benefits

Gbemi Banks — Thu, 28 Dec 2023 03:11:29 +0000

The launch of e-Naira in Nigeria on Oct. 25, 2021 marked a significant milestone toward positioning the country as a pioneer in Africa’s digital currency landscape. Mr Godwin Emefiele, then Governor of the Central Bank of Nigeria (CBN), had explained then that the digital currency was expected to complement the traditional Naira while offering a […]

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Your funds are safe in banks, CBN assures depositors

Gbemi Banks — Wed, 27 Dec 2023 08:10:29 +0000

has assured depositors and customers of Nigerian banks of the safety of their funds in the banks. The Acting Director, Corporate Communications Department of the CBN, Mrs Hakama Sidi-Ali, gave the assurance in a statement on Wednesday. According to Sidi-Ali, the assurance was informed by reports about a recommendation for the Federal Government to take […]

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Video: DSS, Prison officials in ‘show of shame’ over Emefiele’s custody

Gbemi Banks — Tue, 25 Jul 2023 18:08:19 +0000

Some DSS officers and Prison officials in free-for-all over custody of suspended Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, after court proceedings on Tuesday. Watch video below;

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Emefiele: Alumni urges speedy administration of justice

Gbemi Banks — Wed, 14 Jun 2023 17:26:34 +0000

The Moshood Abiola Polytechnic Abeokuta Muslim Alumni (MAPAMA) has called on the appropriate law enforcement agencies to handle the investigations of the suspended Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, comprehensively and professionally. The association made the call on Wednesday in a statement signed by its Head, Media and Publicity Committee, […]

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Emefiele’s removal will stabilise capital, forex markets – expert

Gbemi Banks — Sat, 10 Jun 2023 12:04:58 +0000

A financial expert, Mr Okechukwu Unegbu, says the suspension of erstwhile governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, is a step in the right direction. Unegbu, a past president of the Chattered Institute of Bankers of Nigeria (CIBN) said this in an interview on Saturday in Abuja. According to him, the […]

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CBN, EFCC officials visit Gombe banks over cash shortage

Gbemi Banks — Tue, 07 Feb 2023 18:22:05 +0000

Officials of the Central Bank of Nigeria (CBN) and the Economic Financial Crime Commission (EFCC) on Monday visited banks in Gombe State to ensure proper circulation of the new naira notes in the state. The CBN team was led by Mr. Yusuf Philip-Yila, the Director, Development Finance Department, CBN Directorate Headquarters. Philip-Yila said the monitoring […]

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Naira redesign: Emefiele urges NASS, Nigerians to show understanding

Gbemi Banks — Wed, 01 Feb 2023 08:24:03 +0000

The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, has urged lawmakers and Nigerians to show understanding, adding that the apex bank was out to combat the incidence of insecurity in the country. Emefele made the call in Abuja on Tuesday before the House of Representatives’ fact finding ad hoc committee on the scarcity […]

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Lawyer sues CBN, seeks extension of deadline for old naira notes

Gbemi Banks — Fri, 27 Jan 2023 06:21:04 +0000

Prof. Joshua Alobo has approached the Federal High Court, Abuja, praying the court to stop the Central Bank of Nigeria (CBN) from insisting on the Jan. 31 deadline for using the old naira notes. Alobo, in the suit marked: FHC/ABJ/CS/114/2023, also prayed the court to make an order extending the duration when the old notes […]

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We’ll fine commercial banks not paying out new naira notes – CBN

Gbemi Banks — Fri, 20 Jan 2023 16:56:39 +0000

Central Bank of Nigeria (CBN), on Friday, said that any commercial bank that failed to pay the new naira notes to customers would be fined N1 million per money box on daily basis. CBN Governor, Mr Godwin Emefiele, made this known at a sensitization organized for market women operating at Ayegbaju International Market, Osogbo, on […]

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