First Bank

Friday, February 24, 2023

Police arrest Rivers Rep member with $498,100

Days after his Television and Radio Stations were allegedly bombed by gunmen, Dr Chinyere Igwe, a member of the House of Representatives has been arrested with a bundle of dollars along Ana Road, Port Harcourt very early on Friday morning.

The police while confirming Igwe’ss arrest gave the total sum as 498,100 USD, along with a list of people the monies are meant for.

Reports has it that the Atlantic Television Network and Wish FM 99.5 located in the same building in Ozuoba, Obio/Akpor Local Government Area of Rivers State were attacked with dynamites, with many properties destroyed.

The State Police Command, Grace Iringe-Koko, said Igwe was nabbed during a stop and search operation by operatives deployed to the Independent National Electoral Commission office along Aba Road in Port Harcourt.

Sunday, February 19, 2023

No N400 Billion nor EFCC raid on Tinubu's house - EFCC

The attention of the Economic and Financial Crimes Commission, EFCC, has been drawn to a report circulating in a social media, claiming that operatives of the Commission raided the home of Asiwaju Bola Ahmed Tinubustandard-bearer of the All Progressives Congress, APC, in the forthcoming presidential elections and recovered a humongous sum of N400billion.

The Commission wishes to state that no such operation was carried out by the EFCC. The public is enjoined to disregard the report as fake news.

Friday, February 17, 2023

We did not authorize banks to receive old N500 and N1000 notes - CBN

The Central Bank of Nigeria revealed it did not authorize Banks to collect old N500 and N1000 notes.

This was disclosed in a statement on Friday.

CBN describes the report as fake

CBN said: “The attention of the Central Bank of Nigeria has been drawn to some fake and unauthorized messages quoting the CBN as having authorized the Deposit Money Banks to collect the old N500 and N1,000 Banknotes.

“For the avoidance of doubt, and in line with Mr. President’s broadcast of February 16, 2023, the CBN has been directed to ONLY reissue and recirculates the old N200 banknotes and this is expected to circulate as legal tender for 60 days up to April 10, 2023.”

Reports emerged that the CBN had given the directive, just 24 hours after President Buhari ordered the re-circulation of older N200 Notes.

Wednesday, February 15, 2023

Fashion meets politics at Nigeria election campaign events

Too stylish for political party t-shirts and caps, some fashionistas in Nigeria are donning the colours and faces of their preferred candidates for a presidential election this month.

Ahead of the Feb. 25 vote, political rallies have become catwalks for colourful printed fabrics twisted into elaborate dresses, tunics and headscarves.

For many, it is also an opportunity to wear traditional dresses rather than the Western attire most city dwellers use for work and daily life.

Friday, February 10, 2023

Fuel and cash shortages rile Nigerian voters heading into election

At a fuel station in Nigeria's commercial capital Lagos, tempers flare and harsh words are exchanged as motorists wait in line for hours to fill up their tanks at one of the few outlets with petrol left in the vicinity.

Recurring fuel shortages in Africa's top oil producer are adding to voter frustration as Nigeria prepares to hold presidential and parliamentary elections on February 25. They are a stark example of the economic hardships that have dogged Nigeria for years, including surging inflation, widespread unemployment and acute shortages of foreign exchange that have severely weakened the naira currency.

"People are suffering, there is no money, there is no food," said Titus Nwafor, a 53-year-old bus driver as he waited to fill up at the Lagos station.