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JUST IN: Real Reason We Arrested Head Of Operations Of Tompolo’s Firm -EFCC

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The Economic and Financial Crimes Commission (EFCC) has explained why Warredi Enisuoh, the head of operations in Tantita Security Services Nigeria Limited (TSSNL), is in its custody.

TSSNL is a private security company headed by Government Ekpemupolo, the ex-militant warlord better known as Tompolo.

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On Sunday, the security outfit accused the EFCC of illegally detaining Enisuoh after he honoured an invitation by the agency.

TSSNL insisted that some influential people in the country were using the commission to stifle the action against the theft of oil resources in the country.

But on Monday, the commission said Enisuoh is in its custody over alleged money laundering, with the sum of $420,000 said to have been traced to an account owned by him.

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The EFCC said it followed due process in detaining Enisuoh, adding that he is cooperating with the commission and has returned $100,000 of the said funds.

“Enisuoh is under investigation in an alleged case of money laundering involving the criminal dissipation of funds in an account held by him but which is the subject of a longstanding investigation by the EFCC,” the statement reads.

“In the course of that investigation, over $420,000, suspected proceeds of illicit activities, was traced to an account held by him.

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“The commission had obtained a court order to freeze the account and preserve the funds, but Enisuoh 2018 secured an order from the court of appeal to lift the freeze order.

“A remand notice was duly filed to keep him, pending the conclusion of the investigation. He is cooperating with the investigation and has already returned $100,000 to the account.

“The commission is a critical stakeholder in the fight against oil theft and has demonstrated this by successfully prosecuting perpetrators of the such heinous crimes.

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“It will therefore not take any step to frustrate the determination of the government to fight oil theft and sundry offences.”

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JUST IN: IMF ask CBN to extend Feb 10 deadline for old naira notes

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By Francesca Iwambe

The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to extend the February 10 deadline for the use of old naira notes if the difficulties in getting new notes persist.

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According to the IMF, the call become necessary as the development had led to the disruptions to trade and payments due to the shortage of new noted in the bank.

The call was contained in a statement made available to journalists on Wednesday.

“In light of hardships caused by disruptions to trade and payments due to the shortage of new bank notes available to the public, in spite of measures introduced by the CBN to mitigate the challenges in the banknote swap process, the IMF encourages the CBN to consider extending the deadline, should problems persist in the next few days leading up to the February 10, 2023 deadline,” the statement reads.

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BREAKING: Supreme Court suspends February 10 deadline for naira swap

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By Francesca Iwambe, Abuja

The Supreme Court of Nigeria has restrained the Central Bank of Nigeria (CBN) and Federal Government from ending the legal tender statuses of old N200, N500 and N1000 banknotes on February 10, 2023.

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The apex court made the order following the suit filed by three State governments challenging the Naira swap policy.

Recall that governments of Kaduna, Zamfara and Kogi States had approached the Supreme Court seeking an order to stop the policy.

Naijablitznews.com will bring you more details shortly

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CBN captures more Communities as currency swap is continuous in Taraba

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Emmanuel Awari-Jalingo

The Central Bank of Nigeria (CBN), on Friday extend her currency swap exercise to more Communities of Yorro, Ardo-Kola and Ibi local government areas of Taraba state.

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The Director Financial System Strategy, Central Bank of Nigeria, Ibrahim Hassan who disclosed this to our correspondent in Jalingo said, the development was in continuation of the CBN initiative targeted at ensuring that all rural dwellers in Taraba have their old naira notes swapped to new ones or deposited in banks before the extended CBN deadline for currency swap.

Hassan noted that the currency Swap Initiative was to help save communities who do not have access to bank, swap their old naira notes to the new notes.

“Just as we have been doing to ensure that people in the rural Communities of Taraba who do not have access to Bank have their old naira notes swap to new ones. CBN delegation have been drafted to more Communities of Yorro, Ardo-Kola and Ibi local to ensure success of the initiative.

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“CBN delegation for Yorro is led by Mr Jackson Imandi, the Deputy Director, the one Ardo-Kola is led by Mr. Kazeem Olatinmu while the one in Ibi local government is been led by the CBN Head of Banking Services in Taraba State, Hayatu Yahaya Shehu to ensure the villagers gain advantage of the Ten days extension for the currency swap” Hassan explained.

When contacted, the chief of Mumuye in Yorro local government, Ado Adamu Manang, that of Ibi, Abubakar Salihu Danbaw and some beneficiary of the exercise in Ardo-Kola local government, Mohammed Musa, Hafsatu Babangida and Isa Mahmud, commended the central Bank of Nigeria for the exercise as it was the best for villagers and promised to help create massive awareness for people to swap their old naira notes to the new ones.

According to them, businesses were already collapsing as people were no longer accepting the old naira notes even before the extended window.

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