Tuesday, December 7

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We’ll bury rigging in Nigeria –INEC promises
Politics

We’ll bury rigging in Nigeria –INEC promises

Nigeria's electoral body, The Independent National Electoral Commission (INEC) has pledged to put end electoral rigging using new technology. According to the Head of ICT, INEC office, Awka, Chukwuemeka Nnaji,INEC has devised what it called Bimodal Voter Accreditation System (BVAS) as a way of reducing human interference in the electoral process. Speaking during a workshop for journalists on election processes and procedures for the 2021 Anambra governorship election, in Awka, he said; “The BVAS would help in accreditation of voters and to enable near real-time viewing of results. The all-in-one technology is a multifunctional integrated device that serves multiple purposes for different activities in the value chain of elections in Nigeria. This includes serving as the INEC V...
CBN Orders Banks, Forex Dealers to accept Old, Lower Dollar notes or Face Sanctions
News

CBN Orders Banks, Forex Dealers to accept Old, Lower Dollar notes or Face Sanctions

The Central Bank of Nigeria (CBN) has ordered commerical banks and authorised foreign exchange (forex) dealers to henceforth accept both old series and lower denominations of the US dollars for deposit from customers. In a circular by the CBN's Director of Currency Operations Department, Ahmed  Umar, to all deposit money banks (DMBs), Bureau De Change (BDC) operators and the general public on Tuesday April 20, the apex bank threatened to sanction any banks or forex dealers who refuse to comply with the order. The Memo, entitled : “The rejection of old/lower denomination of the United States dollar by the DBMs/forex dealers.” reads in part: “The Central Bank of Nigeria (CBN) has in recent times been inundated with complaints from members of the public on the rejection of old/lo...

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