Business

Did CBN Unveil ₦5000 Note With Tinubu’s Image? Fact Emerges

Published

4 months ago

February 13, 2025

The claim that the CBN has unveiled a new ₦5000 note with the image of President Bola Tinubu has been fact-checked Several social media users claimed that the new note would be released later in 2025 and the first sample was released in January However, fact-checking revealed that the image being shared on social media was generated by Grok, an AI tool embedded in the social media platform X

There have been claims on social media that the Central Bank of Nigeria has unveiled the first sample of a single ₦5000 note and the image the new note carries is President Bola Tinubu.

CBN has not released any new ₦5000 note with President Bola Tinubu on it Photo Credit: Express, Asiwaju Bola Hammed Tinubu Source: Twitter

The Facebook post reads in part: “The Central Bank of Nigeria (CBN) has unveiled the first sample of the ₦5000 note, which will soon be distributed to banks.

The note features a portrait of President Bola Ahmed Tinubu. According to the CBN Governor, this decision honours Tinubu for his commendable contributions during his presidency.”

Recall that in 2012, the apex bank announced plans to introduce the ₦5000 note to Nigerians. However, the CBN backtracked these moves in 2022. Over the years, the elites have been calling on the government to introduce the ₦5000 notes.

AI-generated ₦5000 notes on social media The claim about the new ₦5000 has been made on several other Facebook pages but Africa Check has confirmed that the ₦5000 image in circulation was an AI-generated image.

Recall that the CBN initiated the move to redesign Nigeria’s currency in 2022. The development led to a temporary shortage of the new notes over ineffective distribution.

However, the claim that the apex bank plans to create a new ₦5000 notes in 2025 has not been reported by any credible media. Such news would have made the headlines if the report was genuine. Source of fake ₦5000 note online

The social media users who shared the questionable ₦5000 notes tried to crop out the “Grok” watermark on the image.

The watermark was an indication that the ₦5000 note being shared on Facebook was generated by Grok, an Artificial Intelligence (AI) embedded in the microblog, X.

Over time, many people on social media have used AI tools to spread misinformation. Such claims have been fact-checked and debunked by several recognised fact-checking organisations.

Seyi Tinubu receives the president’s appointee Legit.ng earlier reported that APC national youth leader Dayo Israel took his appointment letter as the chairman of the governing board of FMC Abeokuta, Ogun state, to Seyi Tinubu.

The APC youth leader started generating mixed reactions from Nigerians, receiving condemnation and commendation.

President Bola Tinubu appointed Dayo Israel and 43 others as chairs of the board of directors at different government agencies and ministries. Proofreading by Nkem Ikeke, journalist and copy editor at Legit.ng.

Business

BREAKING: NNPCL spokesperson, Soneye resigns, gives reason

Published

1 day ago

June 21, 2025

Ekwutos Blog

The spokesperson of the Nigerian National Petroleum Company Limited, NNPCL, Olufemi Soneye, has resigned.

Soneye disclosed this in a statement made available to Ekwutosblog on Saturday.

He said he would no longer be the spokesperson for the oil giant, as he had “stepped aside from his role as Chief Corporate Communications Officer of NNPC Ltd”.

Soneye said he wants to devote more time to his family, and attend to personal responsibilities that now require his closer presence.

NNPCL appointed Soneye as its spokesperson in August 2021.

Soneye’s full statement:

Dear Esteemed Colleagues,

I extend my heartfelt gratitude to you all for the unwavering support, professionalism, and genuine commitment you’ve shown in helping to shape and amplify the NNPC Ltd story over the past 20 months. Your role in building a vibrant and effective communications presence for our national energy company has been nothing short of invaluable.

I wish to inform you that I have stepped aside from my role as Chief Corporate Communications Officer of NNPC Ltd.

This decision will allow me to devote more time to my family and attend to personal responsibilities that now require my closer presence.

It has been a profound honour to serve both the company and our country and to contribute in my own way to the ongoing transformation of NNPC Ltd. I am deeply grateful for the trust reposed in me, the opportunities granted, and the incredible professionals both within and outside the organisation with whom I have worked.

I remain a steadfast supporter and ambassador of NNPC Ltd wherever I go. I enjoin you, dear colleagues, to continue your robust, balanced, and constructive reportage in support of the company’s noble mission and strategic role in Nigeria’s energy future.

With sincere appreciation,

Olufemi Soneye.

Business

CAC reviews service fees

Published

5 days ago

June 18, 2025

Ekwutos Blog

The Corporate Affairs Commission, CAC, has announced a review of its service fees, scheduled to take effect from August 1, 2025.

Ekwutosblog learnt that the review followed a thorough evaluation of current economic conditions, rising operational costs, and consultations with key stakeholders across relevant sectors by the Commission.

The adjustments affect services provided to companies, business names, limited partnerships, and incorporated trustees, including post-incorporation filings and other regulatory services.

A comprehensive list of the new fees is available on the CAC website.

The adjustment is reportedly aimed at improving service delivery through enhanced digital operations.

Business

Lagos loses N4trn yearly to traffic congestion, moves to regulate tanker operations

Published

1 week ago

June 13, 2025

Ekwutos Blog

The Lagos State Government has disclosed that the state suffers economic losses amounting to approximately N4 trillion each year due to persistent traffic congestion

This was revealed by the Special Adviser to the Governor on Transportation, Mr Sola Giwa, during a recent interview on TVC News.

He identified unregulated parking and the chaotic activities of tankers and articulated vehicles along key logistics corridors as major contributors to the problem.

In response, the government has announced the enforcement of an Electronic Call-Up (E-Call-Up) system, scheduled to take effect from Monday, June 16, 2025.

The initiative targets tankers and articulated vehicles operating along the Lekki-Epe corridor

Giwa explained that all truck operators entering Lagos to load or offload goods will now be required to register and book their movements through the E-Call-Up platform.

The system is designed to coordinate truck activities, eliminate indiscriminate roadside parking, and reduce traffic disruptions.

“Under the new system, tanker operators will be required to upload their Authority to Load, ATL, and pre-book assigned parking slots before arriving in Lagos.

The platform will also collect relevant cargo and travel data, supporting better logistical planning and enforcement.

Seven dedicated truck parks have been approved along the Lekki-Epe axis. These facilities will be equipped with restrooms, kitchens, electricity, and other basic amenities to support driver welfare and operational efficiency.

Giwa stated that the policy is the outcome of more than two years of stakeholder engagement and is a key part of the state’s broader efforts to reform its transportation system and build a more efficient and resilient urban environment.