The Central Bank of Nigeria (CBN) has reiterated that all denominations of naira notes it issued remain legal tender and should be accepted as a means of payment for goods and services.
This directive, the CBN said, is in accordance with Section 20(5) of the CBN Act, 2007.
The CBN has directed its branches across the country to continue issuing adequate quantities of old and redesigned naira notes to Deposit Money Banks (DMBs) for onward circulation to bank customers.
This measure, it said, ensures that there is sufficient cash in circulation to meet the needs of the economy.
The CBN, in a statement by Dr Isa AbdulMumin Director Corporate Communications of the bank, urged the public to accept all naira notes in circulation and refrain from engaging in panic withdrawals.
The bank emphasised that there is no shortage of cash and it is committed to ensuring the smooth operation of the payment system.
To further reduce the reliance on physical cash, the CBN encourages the adoption of alternative payment methods, such as electronic transfers and mobile money which the bank believes are methods that offer convenience, security, and efficiency in financial transactions.
The apex bank said it remains committed to its mandate of ensuring price and monetary stability as well as promoting a sound financial system in Nigeria. It assured the public that it will continue to take all necessary measures to maintain the stability of the naira and the integrity of the Nigerian payment system.
Lagos Assembly Congratulates Sanwo-Olu
…..as lawmakers suggest ways to improve future elections
Members of the Lagos State House of Assembly on Thursday congratulated Governor Babajide Sanwo-Olu and his Deputy, Dr. Obafemi Hamzat, over the affirmation of their victory in the March 18 governorship election by the Court of Appeal.
The lawmakers also said there was a need for the National Assembly’s electoral committee to work on issues of delay in voters registration as well as the high number of election cases handled by the Courts of Appeal.
This position of the lawmakers followed a letter read by the Clerk of the House, Barrister Olalekan Onafeko, informing the House that the National Assembly Committee on Electoral Act would have a three-day retreat in Lagos.
The Deputy Speaker, Hon. Mojisola Lasbat-Meranda, who presided over plenary on behalf of Speaker Mudashiru Obasa, agreed that registration of voters should be a continuous exercise in order to accommodate more eligible voters.
Lasbat-Meranda suggested that the Independent National Electoral Commission (INEC) can start requesting for means of identification in the course of registering voters to ascertain an electorate’s actual places of residence.
The Chairman, House Committee on Judiciary, Human Rights, Public Petition and LASIEC, Hon. Ajomale Oladipo, had earlier identified delay in voters registration and post-election legal matters as two challenges that the committee should tackle.
The lawmaker said that after general elections, Appeal Courts face the hurdle of attending to many cases leading to delayed judgements.
He added that the Electoral Act should accommodate state High Courts to handle some of the cases.
The Majority Leader of the House, Hon. Noheem Adams, said it was necessary for the National Assembly to create more awareness about the electoral review exercise while Hon. Sanni Okanlawon, representing Kosofe 1, suggested that the Electoral Act should accommodate diaspora voting.
On his part, Hon. Gbolahan Yishawu, representing Eti-Osa Constituency 2, urged the electoral committee to look into situations where people are mobilised to vote in areas where they are not resident.
“They occupy hotels during elections to sleep and leave for their states of residence after voting. Something should be done to address this,” he said.
EDO STATE UNIVERSITY CALL FOR APPLICATION FOR SCHOLARSHIP AWARDS, 2023/2024
A. Undergraduate Full Scholarship Award:
The Undergraduate Full Scholarship Award (UFSA) will be for the duration of any choice programme of candidates whose first choice of University was Edo State University before UTME examination. This scholarship shall be for the maximum of five (5) candidates who have demonstrated high level of academic excellence.
B. Indigent Students Scholarship Award:
The Edo State Government have approved the award of 100 indigent scholarships. The Indigent Students Scholarship Award (ISSA) will be for the duration of any choice programme and it covers only tuition fees. This award is part of Edo State University Uzairue Corporate Social Responsibility in providing access to quality education in Nigeria.
a) The candidate must have written UTME for the 2023/2024 admission exercise with a minimum score of 260 for Undergraduate Full Scholarship Award (UFSA) And 180 for Undergraduate Indigent Students Scholarship Award (ISSA).
b) The candidate must demonstrate a high level of written and spoken English (please note that a CBT is an important mode of assessment for determining the best applicants).
c) Candidates of Edo State origin must show evidence of indigency to qualify for the Undergraduate Indigent Students Scholarship Award (ISSA).
d) These Scholarships do not apply to Medicine, Law, Nursing and MLS programmes, as these programmes are already oversubscribed
e) The candidate must have met the entry requirements for admission into his/her course of study.
How to Apply:
The mode of application is online at the University website:
CBT Screening and Interview Date: Wednesday 22nd November, 2023
Note: The University is not under any obligation to give these scholarships to any Candidate except as determined by the University Management.
AKWA IBOM STATE UNIVERSITY, IKOT RELEASES SUPPLEMENTARY UTME ADMISSION FORM FOR THE 2023/2024 ACADEMIC SESSION
The University portal for online registration will open from Monday, 20th November, 2023 to Thursday, 30th November, 2023. Interested candidates are advised to register before the deadline. Candidates who fail to register within the Registration period will not be considered for admission in the Akwa Ibom State University.
REQUIREMENTS FOR THE 2023/2024 SCREENING EXERCISE
1. 2023 UTME Result slip
2. Birth Certificate
3. Certificate of Origin.
4. AKSU PUTME/DE Registration Confirmation Slip (2023)
Candidates are required to register online for the screening exercise following the procedure below:
1. Visit https://aksu.edu.ng/app
2. Click on “START NOW”
3. Click on “Enrol”
4. Click on SUPPLEMENTARY Admission
5. Enter your JAMB Registration Number
6. Click the arrow below to Verify and Continue
Proceed to make payment of N2,000.00 only as registration fee (excluding bank charges)
7. Note: Payment can be made via Debit Card or Bank Deposit Nationwide. If payment is made at the Bank, please repeat steps 1-3, then continue with the registration.
8. Upload the scanned copies of your documents (2023 UTME Result Slip, Birth Certificate, Certificate of Origin) in jpg format with a minimum size of 120KB and maximum size of 150KB.
9. Preview the details entered to ensure accuracy.
10. After confirmation, click the “Finish” button to generate the Registration Confirmation Slip.
Changing to any of these Programmes as indicated above does not guarantee automatic admission. Only candidates who meet the minimum cut-off mark for the respective programmes, would be considered.
There would be a grace period of four (4) weeks within which all approved admissions must be accepted by the candidates. Failure to accept the admission, such admission will be deleted, and the candidate placed under the “refusal to accept category”, punishable by ineligibility to be admitted again.
Candidates must ensure that their O’level (WAEC/NECO) results are uploaded appropriately at the JAMB portal (CAPS) in a COMPUTER-BASED TEST (CBT) CENTRE approved by JAMB.
Kindly note that the University does not have individuals/sales agents for admission. Anyone who deals with any individual and/or makes payment(s) to an individual’s account does so at his/her own risk.
Applicants are hereby strongly advised to visit ONLY the University website www.aksu.edu.ng, e-mail: firstname.lastname@example.org and email@example.com, for more information.
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