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CBN Destroys Over 6 Trillion Bank Notes Under Buhari

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The Central Bank of Nigeria is expected to have destroyed over N6tn worth of mutilated and old banknotes when the regime of the President Muhammadu Buhari expires in May 2023, an analysis by The PUNCH has shown.

Already, data obtained from the annual reports of the currency operations department of the CBN between 2016 and 2020 showed that the apex bank destroyed mutilated banknotes worth N4.1tn during the five-year period. Our correspondent could not readily obtain data on the amount of mutilated banknotes disposed off by the central bank in 2021 and 2022 as of press time on Sunday.

However, the central bank is expected to destroy over 80 per cent of the N3.23tn banknotes currently in circulation as a result of its decision to redesign N100, N200, N500, and N1, 000 bills.

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The move will bring the total amount of naira notes destroyed by the current administration to at least N6tn.

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The CBN Governor, Godwin Emefiele, announced on Wednesday that the bank would release re-designed naira notes by December 15, 2022.

Emefiele made this announcement during a special press briefing in Abuja  where he gave reasons for the move.

According to the CBN governor, the move is aimed at controlling currency-in-circulation as well as curbing counterfeit currency and ransom payments to kidnappers and terrorists.

Meanwhile, a breakdown of the CBN data for the 2016-2020 period showed that in 2016, the apex bank destroyed the sum of N829.94bn in mutilated notes. In 2017, the sum of N977.23bn in mutilated banknotes was again destroyed by the CBN. The years 2018, 2019 and 2020 saw the destruction of N814.59bn, N814.44bn and N698.59bn banknotes, respectively.

 

 

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Former Defence Minister General Abbe Passes On At 75

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Former Military Governor of Rivers and Akwa Ibom States, Major General Godwin Osagie Abbe, has passed away. He was 75.

Abbe served as the Military Governor of both Akwa Ibom State from 1988 to 1990, and River State from 1990 to 1992. He also held the position of Minister of Interior under President Umaru Yar’Adua’s administration where he was later redeployed to the ministry of defence

He died in Abuja on Saturday after a long illness.

His academic achievements include a Postgraduate Diploma in International Relations from Obafemi Awolowo University and attendance at the United States Army Infantry School, the Ghana Armed Forces Staff College, and the National Institute for Policy and Strategic Studies.

He rose through the ranks to become the General Officer Commanding of the 2 Division of the Nigerian Army, and commanded both the Training and Doctrine Command and the National War College.

Abbe retired in 1999 at the rank of Major General and subsequently joined the Peoples Democratic Party (PDP).

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World Bank Project in Kano Trains 1,000 Healthcare Personnel to Combat Malnutrition

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Dr Umar Yahuza addressing news men

 

Dr. Umar Yahuza, the Project Coordinator for the World Bank-assisted initiative in Kano, known as Accelerating Nutrition Results in Nigeria (ANRiN), has announced the training of 1,000 healthcare personnel in a bid to provide preventive nutrition services to pregnant and lactating mothers.

During a workshop held for the training of healthcare workers, Dr. Yahuza addressed newsmen, highlighting the significance of the ANRiN project, which is funded by the World Bank. He explained that the project aims to change behavior from the grassroots and reverse the negative trends of malnutrition.

Kano State has made significant progress in reducing severe stunting by 9 percent, a notable achievement that underscores the need for continued improvement. Dr. Yahuza emphasized that the N774 being used to train frontline healthcare workers was initially unstructured.

The journey began with MYCN facilitators in Kano and Lagos, followed by the training of a critical mass of facilitators. Subsequently, 120 healthcare professionals from various health facilities in Kano, including medical doctors and dieticians, were trained.

Currently, training is underway for 484 apex healthcare facilities in Kano. The training is being conducted at eight different points, with 60 healthcare workers being trained at each location, totaling 1,000 trained healthcare personnel under the MYCN initiative.

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Dr. Yahuza expressed optimism about seeing an end to malnutrition in the region. He stated, “We are near to seeing an end to malnutrition. We are not late.”

One of the beneficiaries, Rahinatu Ado Ibrahim, shared her experience, saying, “We received capacity building, and there are available resources.”

The ANRiN project is designed to provide comprehensive support to healthcare workers, equipping them with the necessary skills and knowledge to address malnutrition effectively. With continued efforts and collaboration, the project aims to improve the overall health and well-being of the population in Kano State.

 

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Stampede at Catholic Church in Maitama Claims Ten Lives During Food Distribution

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Ten people have been confirmed dead in a stampede at the Holy Trinity Catholic Church, Maitama, on Saturday, 21st December 2024, during the distribution of food items to vulnerable and elderly individuals.

The unfortunate incident, which occurred around 6:30 am, resulted in the loss of ten lives, including four children, and left eight others injured with varying degrees of severity. Four of the injured have been treated and discharged, while the remaining victims are still receiving medical attention.

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The FCT Police Command, in a statement issued by its spokesperson, SP Josephine Adeh, confirmed the tragedy, extended condolences to the families of the deceased, and wished the injured a swift recovery.

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