Ahead of the off-cycle elections scheduled for November 11, 2023, in Kogi state, there have been unverified narratives circulating over the logistics plans of the Independent National Electoral Commission (INEC). These controversies include rumours circulating on social media with speculations that election materials will not be deployed to some polling units with the intent to...
Tag: CBN
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FACT CHECK: Was Nigeria’s first lady in Tinubu’s official meeting with heads of CBN, NNPC?
A photo has circulated online with the claim that Oluremi Tinubu, Nigeria’s first lady, participated in an official meeting between Bola Tinubu; the president, Godwin Emefiele; governor of the Central Bank of Nigeria (CBN), and Mele Kyari; group managing director of the Nigeria National Petroleum Company Limited (NNPCL), over fuel subsidy related matters. Controversies have...
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FACT CHECK: Did CBN devalue the Naira to 630/$1?
On June 1, 2023, Daily Trust reported that the Central Bank of Nigeria (CBN) has devalued the Naira to 630/$1. The report on the country’s currency devaluation was shared on the Newspaper’s Twitter page and as of the time of this report, the tweet has garnered over 500,000 views. This is coming a few days...
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FACT CHECK: Aisha Buhari posts fake press statement about naira redesign 3 days to elections
Aisha Buhari, the wife of Nigeria’s outgoing President Muhammdu Buhari of the All Progressives Congress (APC), has posted a fake press release purported to have emanated from the Central Bank of Nigeria (CBN) over the naira redesign policy. This is coming in the heat of controversies that have continued to trail the difficulty experienced by...
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FACT CHECK: Is it true that 60% of Nigerians do not have a bank account?
In an interview with Channels TV’s Sunrise Daily, Ademola Abass, a legal practitioner, claimed that 60% of the population does not have a bank account. He said this while discussing the difficulties that the redesigned naira and the attempt at a cashless system have brought on for Nigerians. In his words, “60% of Nigerians don’t...