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Scarce New Naira Notes After CBN Deadline Creates Uncertainty 

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3 years ago

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Nigerians have continued to face challenges in their financial transactions due to inadequate circulation of the newly redesigned Naira notes.
This follows the February10 deadline for the legal tender status of the old notes which expired on Friday.
The Tide source reports that stakeholders across the country are expressing frustration in accessing the new Naira notes.
While traders and other small business owners have stopped accepting the old Naira notes across the country, Nigerians who are still in possession of the old notes are left stranded.
This is in spite of a Supreme Court ruling, which urged the Federal Government to accept the old notes as legal tender until Feb. 15.
The apex court’s ruling was on a suit brought before it by the governors of Kaduna, Kogi and Zamfara states, seeking to halt the Naira redesign policy.
The Supreme Court had in a unanimous ruling granted an interim injunction restraining the Federal Government from implementing the Central Bank of Nigeria (CBN’s) Feb. 10 deadline for the swapping of the old naira notes with the new ones.
A financial expert, Mr Okechukwu Unegbu, urged the government to obey the ruling.
Unegbu, who is a past President of the Chattered Institute of Bankers of Nigeria (CIBN), said there was no need for Nigerians to panic.
He said the law mandates the CBN to accept the old Naira notes in exchange for the new ones anytime they were presented.
He urged the apex bank to obey provisions of the act that set it up, adding that the Naira redesign policy and currency swap were supposed to be long term projects.
“The President should imstruct the CBN governor to hold on until when the Supreme Court will consider the matter on February 15.
“The apex bank should also obey Section 20 of the CBN Act, which provides that it should continue to accept the old notes for swap, even when they cease to be legal tender,” he said.
Meanwhile, the National Council of State on Friday, urged the CBN to immediately make enough of the new Naira notes available to Nigerians or resort to circulating the old notes.
Rising from a meeting presided by President Muhammadu Buhari, the council, however, declared its support for the Naira redesign policy.
It said that there was the need for the CBN to ensure adequate provision of Naira notes in the system.
The CBN has also assured Nigerians of its capacity to meet the country’s Naira demand.
It denied a report that had gone viral on the Internet that the Naira shortage was due to challenges faced by the Nigeria Security Printing and Minting Company (NSPMC).

According to a statement by Osita Nwanisobi, CBN’s Director, Corporate Communications Department, at no time did the apex bank make such disclosure.

“What the CBN governor told the National Council of State meeting was that the NSPMC was working on printing denominations of the Naira to meet the transaction needs of Nigerians.

“For the avoidance of doubt, the CBN remains committed to performing its monetary policy function as stipulated in the CBN Act.

“We also wish to reiterate that the NSPMC has capacity and enough materials to print the required indent of the Naira,” he said.

He said that the apex bank was working assiduously to increase the circulation of new notes in the country.

Similarly, the NSPMC also expressed its capacity to produce and circulate adequate quantities of the new notes.

According to a statement by the company’s Managing Director, Ahmed Halilu, NSPMC has made adequate arrangement to continously produce redesigned banknotes as well as other denominations in line with the CBN indent for the year.
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Rivers Commissioner Commends WAEC Conduct, Vows Sanctions for Malpractice

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2 days ago

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June 2, 2026

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The Rivers State Commissioner for Education, Dr. Peters Nwagor, has commended the orderly conduct of the ongoing 2026 West African Senior School Certificate Examination in the state and urged schools to sustain the standard.

Dr. Nwagor gave the commendation on Tuesday during a monitoring tour of selected secondary schools in Port Harcourt and environs where the WAEC exam is ongoing.

The commissioner, who was accompanied by directors and monitors from the Ministry of Education, said he was impressed with the peaceful atmosphere at the centres visited.

“The students conducted themselves properly and wrote their papers under conducive conditions. Invigilators and supervisors also performed their duties professionally,” he stated.

Nwagor noted that the Rivers State Government had invested heavily to ensure the smooth and credible conduct of the examination across the state

He urged candidates to reciprocate government’s effort by shunning all forms of examination malpractice and focusing on their studies.

“Government has done so much to ensure successful examinations in our schools. Students should take advantage of it by remaining focused,” the commissioner said.

While no case of malpractice was recorded in the centres inspected, Dr. Nwagor warned that any principal, teacher, invigilator, or official caught aiding malpractice would face strict sanctions in line with regulations.

He also commended school administrators, teachers, WAEC officials, and security personnel for upholding the integrity of the process.

Centres visited included County Grammar School, Ikwerre/Etche; Government Comprehensive Secondary School, Borokiri; Government Secondary School, Borokiri; and Pabod Model Secondary School.

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THE LAPSES OF THE MEDIA IN ELECTIONS

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6 days ago

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May 29, 2026

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The media is supposed to be a platform through which people express their thoughts, beliefs, and opinions on issues of public interest. Unfortunately, it has often failed to live up to its role as the fourth estate of the realm.During the 2023 elections, the media recorded several lapses that deserve critical examination in academic and professional spaces. Before discussing these failures in detail, it is important to briefly explain the meaning, role, and duties of the media. In simple terms, the media refers to the main channels of mass communication, including broadcasting, print publishing, and the internet.
It is a collective term for all means through which information reaches the public. The media is often called the fourth tier of government because of the popular saying, “No media, no society.” This is not an exaggeration. Scholars have shown that the media plays an integral role in society, since political, economic, religious, and academic activities all depend on information flow through the media.
The word MEDIA can be broken down to reflect its core functions:  M – Meeting the People  E – Educating the People  D – Discussing with the People  I – Involving the People  A – Accessing the PeopleSpecifically during elections, the media is expected to provide accurate and timely information to the public by reporting and updating citizens on government and electoral activities. This responsibility is central to keeping the electorate informed.The media also strengthens democracy by engaging citizens on critical issues affecting the electoral process. When the media effectively disseminates relevant information, the public can see through the failures of government, hold leaders accountable, and propose solutions that serve the common good.
Social media platforms such as Facebook, Twitter, and Instagram play a vital role in democratic societies because they allow mass participation. Unlike radio and television, social media is accessible to anyone with a smartphone and data bundle, making it the most inclusive platform for political discourse. Despite these roles, the media must not abandon its ethics or promote partisan agendas that mislead the public. In many schools of thought, the media is described as closely related to the judiciary.
People often see the media as a place to voice grievances and seek justice.However, it is fair to say that the media has lost ground by failing to fulfill its duties during elections. Below are ten key lapses observed in the February 2023 elections.Lack of coordination among journalists. Many press personnel who covered different polling units were poorly equipped and unprepared. Some lacked functional cameras and modern technology needed to carry out professional reporting.
Partisanship and breach of ethics. Media personnel, who are supposed to remain non-partisan, openly violated professional ethics by taking political sides and favoring certain candidates in their reporting.Commercialization of coverage. Some journalists prioritized money over news. It was disappointing to see professionals from reputable stations engaging in what I call “Oga, find me something syndrome” begging politicians for money in exchange for favorable coverage or interviews.Loss of independence and self-censorship. On election day, some journalists took instructions from politicians on what to report and what to suppress. This compromised the independence of the media and reduced public trust.
Poor post-election reporting. Few media outlets reported what actually happened at the polling units. Incidents of violence, voter intimidation, and irregularities were either underreported or ignored entirely, while praise was lavished on politicians instead of amplifying the voices of the people.Spread of misinformation and unverified claims. In the rush to be first, some media houses published unverified results and rumors from social media without fact-checking. This fueled confusion and tension among the electorate.Inadequate coverage of rural and marginalized areas. Media attention was concentrated in urban centers, leaving rural polling units underreported. The experiences and challenges of rural voters were largely absent from mainstream coverage.
Sensationalism over substance. Some outlets prioritized sensational headlines and conflict-driven stories over factual analysis of policies and candidate manifestos, leaving voters uninformed about real issues. Failure to hold INEC accountable in real time. While INEC faced logistical failures and delays, many media houses were slow to question officials or demand explanations on air, missing opportunities for live accountability.
Neglect of voter education. Beyond reporting results, the media did little to educate voters on procedures, rights, and what to do in case of irregularities. This left many citizens uninformed and vulnerable on election day.These lapses weaken public trust and undermine the credibility of the electoral process. For the media to regain its role as a watchdog of democracy, it must return to the principles of accuracy, impartiality, and public service.
The media must be informed to follow its ethics as the 2027 elections approaches. This is encourage electorates rely on the authenticity and objectivity of media practice.Failure to uphold media standards will further make the country plunge into political apathy, electoral violence and disgust for those in the media practice.
By KRUKRUBO, NYE TAMUNODIKI.
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RSU, Otonti Nduka Foundation Holds Centenary Conference, Unveil Book on Values in Nigeria

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2 weeks ago

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May 18, 2026

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Rivers State University and the Otonti Nduka Foundation for Values Education jointly hosted a two-day National Conference on 8 and 9 May 2026 to examine the state of values in Nigeria.

The two days conference held at Rivers State University convocation arena brought together academics, policymakers, legal experts and education leaders under the theme _“Trends and Challenges in Upholding Values in Nigeria.”_

The gathering focused on policy gaps, curriculum reform, and the role of ethics in public service and education.

The event opened on Friday with remarks from Vice Chancellor Prof. Chief Isaac Zeb-Obipi, who stressed the need to address declining moral and civic values across Nigeria’s education and public sectors. A book of abstracts for the plenary sessions was also presented to participants.

Key speakers included former Attorney General Chief Dr Kanu Agabi, SAN; NERDC Executive Secretary Prof. Shehu Salisu; Prof. Hauwa Imam, FNAE, of the University of Abuja; former Rivers SUBEB Chairman Ven Dr Fyneface Akah, ; former NIMASA DG Dr Hon. Dakuku Adol-Peterside; and RSU Director of ICT Prof. Sunny Orike.

Discussions centered on integrating values education into schools, tertiary institutions and public institutions, alongside the impact of technology on moral development among young Nigerians. Panel and plenary sessions produced practical recommendations for curriculum and policy reform.

On Saturday, the foundation marked its centenary with the unveiling of the book _Otonti Nduka in History_, launched by Chief Engr. Grant Offor, FNSE. The Nigerian Academy of Education held a ceremonial procession led by its President Prof. Olu Jegede and the Ikwerre Professors Forum.

In a communiqué, participants called for stronger collaboration between government, civil society and academia to mainstream values education nationwide. They recommended reviewing teacher training curricula and expanding digital platforms to promote ethical civic engagement, with the foundation pledging to share the outcomes with education authorities for implementation.

Dignitaries present included Ogbakor Ikwerre Worldwide as Chief Host, Prof. Emeritus Chief T. Uzodimma Nwala, the Ikenga 1 of Mbaise and first philosophy student of Prof. Otonti Nduka, alongside scholars and community leaders.

 

Amadi Akujobi

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