Nigerian Newspapers Summary
Good morning! Here is today’s summary from Daily News 24. Stay informed with the top headlines making waves across Nigeria, including the CBN’s confirmation on naira validity, a court ruling on Rivers’ funds, and a tragic fire incident in Kano State. Plus, major updates in politics, law enforcement, and international oil investments.
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1. CBN confirms all naira notes remain valid indefinitely
The Central Bank of Nigeria (CBN) has reaffirmed that all versions of the naira, including old and new designs of N1,000, N500, and N200 notes, remain legal tender indefinitely. This also applies to commemorative and older designs of the N100 note, with the bank emphasizing there is no expiration date for their use.
2. FG urges Lagos property owners to pay ground rent
The Minister of Housing and Urban Development, Ahmed Dangiwa, has called on owners of federal government lands and houses in Lagos to pay their ground rent. Speaking during a physical assessment of Banana Island, Osborne estates, and other high-profile areas, Dangiwa stressed the importance of revenue compliance for effective land administration.
3. Shettima represents Tinubu at $315m oil facility commissioning in Dubai
Vice President Kashim Shettima has traveled to Dubai to represent President Bola Ahmed Tinubu at the commissioning of a $315 million oil storage facility owned by Oriental Energy Limited. The event highlights Nigeria’s increasing influence in the global oil and gas industry.
4. Commercial motorcyclists attack police station in Ondo State
Commercial motorcyclists in Oka-Akoko, Ondo State, attacked a police station after accusing officers of shielding a reckless driver who damaged a colleague’s motorcycle. The clash escalated tensions in the Akoko South West area.
5. Appeal court lifts suspension of Rivers’ statutory allocations
The Court of Appeal in Abuja has overturned a ruling that stopped the Central Bank of Nigeria (CBN) from disbursing Rivers State’s statutory allocations. In a split decision, the appellate court ruled that the Federal High Court lacked jurisdiction over the case.
6. Tinubu, Abbas, Ganduje attend Deputy Senate President’s children’s wedding
Prominent figures, including President Bola Tinubu, House Speaker Tajuddeen Abbas, and APC Chairman Abdullahi Ganduje, graced the wedding fatiha of Senator Barau Jibrin’s children. The event was attended by key dignitaries across political and social spheres.
7. Afe Babalola firm seeks removal of Dele Farotimi from legal roll
Afe Babalola’s law firm has petitioned the Legal Practitioners Disciplinary Committee (LPDC) for the removal of lawyer and activist Dele Farotimi. The firm alleges that Farotimi violated professional conduct rules, presenting a detailed 90-page petition to support its case.
8. Court grants Yahaya Bello N500m bail over money laundering case
A Federal High Court in Abuja has granted N500 million bail to former Kogi State Governor, Yahaya Bello, in a money laundering case. Justice Emeka Nwite approved the bail after hearing arguments from both parties during Friday’s session.
9. EFCC arrests Nigerian for $8m fraud involving 139 Australians
The Economic and Financial Crimes Commission (EFCC) has arrested Osang Otukpa for allegedly defrauding 139 Australians of $8 million through online schemes. Otukpa was apprehended at Lagos’ Murtala Mohammed Airport upon his arrival from the United States.
10. Couple dies in Kano midnight fire, fire service confirms
The Kano State Fire Service has confirmed the death of a couple, 67-year-old Muhammed Uba and his wife Fatima, in a midnight fire at Rangaza Layin AU, Ungogo LGA. The tragic incident highlights the rising concerns of fire safety in local communities.
