Sentences with phrase «of naira notes»
As part of anti-corruption measures, he also ordered that the currency be replaced - the colour of the naira notes were changed - forcing all holders of old notes to exchange them at banks within a limited period.
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Testifying before Justice Joyce AbdulmaleeK of the Federal High Court in Ibadan, Kadri stated that many boxes meant to contain N1000 were either filled up with brown papers cut to the size of naira notes or swapped with N500 interleaved with newspapers cut to the size of money.
Not exact matches
He noted CBN's periodic intervention in the forex market reduced exchange rate volatility over the last two quarters of 2017 and businesses showed improved liquidity of forex and stability of naira against the dollar.
The Central Bank of Nigeria, CBN, has refuted some spurious and grossly uninformed claims suggesting that about 20 per cent of the Naira currency notes in circulation are counterfeited.
«The attention of the Central Bank of Nigeria (CBN) has been drawn to certain spurious and grossly uninformed claims suggesting that about 20 percent of the naira currency notes in circulation are counterfeited,» it said.
Justice Agbim noted that «the fuel subsidy fraud involved corruption and fraud on a very massive scale»; that it involved many oil companies and officials of government's regulatory agencies «looting and stealing of trillions of naira from the Federal Government of Nigeria and threatening the security and economy of Nigeria.»
The singer who was not happy with the situation of the Displaced Persons during the visit noted that the lingering insurgency in the area which left thousands of people dead, millions injured and displaced from their homes with property worth billions of naira destroyed have nothing to do with religion as insinuated, but has do with politics.
The bags contained naira notes of N200 denomination in 20 bundles, totaling forty million naira and N50 denomination in 180 bundles, totaling nine million naira.
«like we earlier noted, Fulani herdsmen are no longer a distant story in our council but an ugly reality going by the recent invasion of farm Lands of the people of Umuehie village, Ngor Autonomous community by them and consequent destruction of farmlands and crops worth millions of Naira.»
He noted his observation of Ondo people who appear confused and unsure of what would follow the immediate satisfaction from the naira handout received in consideration of the votes cast.
If a woman in the course of washing her husband's clothes, finds small naira notes, maybe 200 and 500naira note which after gathered could amount to 5000naira and she took the money, go to the market and...