OBASIAFRICA

The Central Bank of Nigeria has extended deadline for the swapping of old naira notes till February 10, 2023. The CBN stated this in a release on Sunday. The apex bank said it added a 10-day extension of the deadline from January 31, 2023, to February 10, 2023, to allow for the collection of more old notes…” “10-day extension of the deadline from January 31, 2023, to February 10, 2023; to legitimately held by Nigerians and achieve more success in cash swap in our rural communities after which all old notes outside the CBN lose their Legal tender Status. “Our CBN staff currently on mass mobilization and monitoring together with officials of the EFCC and ICPC will work together to achieve these objectives. “A 7-day grace period, beginning on February 10 to February 17, 2023, in

It will be recalled that the CBN on October 26, 2022, had announced its plan to redesign the three banknotes. The president subsequently unveiled the redesigned N200, N500, and N1000 notes on November 23, 2022, while the apex bank fixed a January 31 deadline for the validity of the old notes. But the supposed President, Major General Muhammadu Buhari (retd.) on Saturday said the naira redesign is not meant to target innocent citizens but corrupt persons and terror financiers hoarding illicit monies. This is as calls from various quarters have poured in pleading and demanding with the apex bank to shift grounds and extend the deadline in order to allow Nigerians more time to return their old notes to deposit money banks, better known as commercial banks. T he presidential candidate of the Peoples Democratic Party, Atiku Abubakar, was one of the latest persons to plead with the CBN for an extension of the deadline, saying as much as the policy was welcomed; a slight extension would ease ...

Who is that FORCE? Unrecognized by who? Why? and Why Now not Latter? In Africa it is a common practice to wait until one is dead then we can eulogize them when we could as well as give them the deserved tributes when they are still breathing. why should I wait for some 70 years from now to do what I could have done yesterday? What is the assurance that I would be there when that time comes? Let us cultivate the habit of "now or never!" As I reflect upon one of the great and noble one, the man whose work and work ethic has left the mouth of many waging and wonder, how does he do it? This fast? The organization within which he works, obviously could not be perfect as none is but could have done better when he was wrongly accused and had his image dented among those who never knew him nor his work. People from all classes were crucifying him without asking the right question, some are doing so based on perception, others out of ignorance, some out of the pain ...

  The Supreme Court of Kenya has ruled that spouses are not entitled to a 50/50 share of matrimonial assets after divorce anymore. The court ruled that a proven individual contribution shall be the only determinant of the distribution of property after divorce. The Court also stated that while Article 45(3) of the Constitution deals with equality of the fundamental rights of spouses during the dissolution of a marriage, such is not an automatic conferment of the entitlement of a 50% share of the property just by the fact of being married to each other. “That a party must prove contribution to enable a court to determine the percentage available to it at the distribution of matrimonial property and that the test to determine the extent of contribution is one of a case-to-case basis,” reads the ruling in part. “That while Article 45(3) of the Constitution deals with equality of the fundamental rights of spouses during the dissolution of a marriage, such equality does not mean the re-...