In today’s edition of Nigeria in Brief: Gbajabiamila meets with Buhari in a closed-door meeting, court stops DSS from arresting Emefiele, CBN rolls out security features of the redesigned naira notes
The Speaker of the House of Representatives, Hon. Femi Gbajabiamila had met with President Muhammadu Buhari in a closed door meeting to discuss burning issues such as the recently introduced withdrawal limit by the Central Bank of Nigeria (CBN), the alleged trapped N89trn stamp duty, and other developing issues in the country. The speaker who spoke to newsmen after the meeting on Tuesday, said they also discussed the 2023 general elections and issues of violence that seem to be erupting around the country. The Hon. Speaker also revealed that the 2023 budget will be passed on Thursday, December 22, 2022.
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The Central Bank Governor, Godwin Emefiele, has faced multiple backlashes recently over his stringent economic policies which its nature seems to be targeting the country’s political elites and the filthy wealthy. One of the parties may have been key to the recent suit by the DSS to arrest, prosecute, and detain the governor over allegation that he was funding terrorism. Meanwhile, the Chief Judge of the Federal High Court sitting in Abuja, Justice John Tsoho, has thrown out the suit describing it as illegal operation and an attempt to deceive the court. Justice Tsoho said Emefiele occupies a sensitive position in the country’s economy and cannot be arrested without the consent of his boss.
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Following viral reports that the counterfeited notes have flooded the public, the central Bank of Nigeria has released demonstrative Naira notes to mark the security features of the redesigned Naira notes. According to the CBN, the N1, 000 note has a portrait watermark, intaglio raised print, and officially variable ink that changes from blue to green, kinegram with the image of N1, 000 and Coat of Arm, iridescent band, windowed metallic security thread and see through printing in register. The N500 note has a CBN 500 watermark, hand-engraved portrait, and most features in the N1, 000 note. Also, the N200 note has the aforementioned features combined with gold patch with embossed Coat of Arms. The CBN adds that the texture and deep colour of the naira note remains the easiest way to identify fake from original note.