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CBN NAIRA REDESIGN POLICY IS A THREAT TO NIGERIA’S DEMOCRACY AND NATIONAL SECURITY & MUST BE REVERSED NOW!

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CBN NAIRA REDESIGN POLICY IS A THREAT TO NIGERIA’S DEMOCRACY AND NATIONAL SECURITY & MUST BE REVERSED NOW!

A civil society organization Centre for Social and Economic Rights (CSER) has come out to condemn the naira redesign policy of the Central bank of Nigeria due to the untold trauma, hardship, pain and suffering it has inflicted on innocent Nigerians and businesses in the last couple of weeks.
CBN NAIRA REDESIGN POLICY IS A THREAT TO NIGERIA'S DEMOCRACY AND NATIONAL SECURITY & MUST BE REVERSED NOW!
According to a press statement issued in Lagos today Tuesday 7th February 2023 by it’s executive director Nelson Ekujumi, the group, “frowned at and condemned in the strongest terms the punitive, wicked, satanic, irresponsible, insensitive, provocative, threat to democracy and national security implementation of the naira redesign policy on Nigerians, which was initially applauded as laudable by even CSER in another press statement of the 29th of January 2023 when the deadline for phasing out old naira notes as a legal tender was extended till February 10 and it’s redeemable status extended to 17th February 2023”.
In the last two weeks based on our physical monitoring and observation of developments, the pains, sufferings, trauma, threat to public peace and security that this naira redesign policy has generated within the polity, has exposed to any discerning mind, that the CBN Governor Mr Godwin Emefiele and his associates have employed the naira redesign policy as a ploy to unveil their sinister agenda of inflicting untold hardship, pains and incite Nigerians to anarchy in order to truncate the peaceful conduct of the 2023 general elections.
We have watched in horror how innocent Nigerians have been subjected to unimaginable sufferings in queues at banks, ATM’s points, POS operators points, etc to withdraw their hard earned money to no avail on a daily basis and despite the extension of the deadline on the 29th January 2023, the situation has gotten worse across the country and there is no end in sight.
According the organization, what is even more painful is the exploitation and extortion generated by this wicked and anti people naira redesign policy, whereby innocent and hardworking Nigerians are fleeced of their money as they are forced to pay commission as high as N6000 in exchange for cash of N20, 000. Infact, CSER has been inundated with calls of different phases of extortion that makes one to wonder that only a sadist and a degenerate institution will be happy to see people undergo such amount of torture and suffering in order to take possession of what legitimately belongs to them.
The group stated that, “Even as we speak, the CBN is in default of enforcing and monitoring the implementation of it’s directive issued to deposit money banks via a memo dated 6th December 2022, whereby it instructed banks and other financial institutions to pay customers only a maximum of N20, 000 daily via ATM’s and that it should be in the N200 naira denomination. Till date, since about two weeks ago, customers have been unable to access above N5, 000 daily from their personal accounts, businesses are gradually winding down and dying because customers and petty traders who engage in little daily cash transactions for daily needs have been denied their legitimate money warehoused in the banks”.
By this amount of wickedness unleashed, suffering and torture of innocent Nigerians and businesses by the CBN, the little gains accruing from the advocacy of banking culture that we have struggled for over the years among our rural populace, has obviously been eroded and it is sad and unfortunate.
The traumatizing aspect of the wickedness by CBN and it’s associates in inflicting pains and hardship on Nigerians by this policy which has revealed the sinister plot of Mr Emefiele and his cohorts, is the effontery in mobilizing groups, political parties and politicians to hold rallies, press conferences and even issue shameless threats of a boycott of the 2023 general elections if the naira redesign policy is reversed and the pains of Nigerians ameliorated. We are confident that these agents of anarchy and their sponsors will fail because the victory of evil over good is just temporary.
As the 2023 general elections draws near in a couple of days, Nigerians are enjoined to take note of politicians and political parties gloating over the pains and misery of Nigerians by this policy for political capital in contrast to those who have shown genuine concerns and raised the red flag early enough as caring and respond appropriately to them with their votes at the polls.
At CSER, we sympathize with Nigerians and share in their pains, just as we urge that they keep faith with democracy and remain law abiding even in the face of this needless provocation by agents of destabilization.
CSER then demanded a total reversal of the naira redesign policy because it’s objective which was hidden has become manifest in the untold pains and sufferings visited on innocent Nigerians and businesses which is undemocratic and unacceptable, just as it called on the national assembly to immediately pass a vote of no confidence on the headship of the CBN through a resolution demanding the removal from office of Mr. Emefiele for official misconduct act of undermining national security and democracy and communicate it to President Muhammadu Buhari for executive action.
God bless the Federal Republic of Nigeria.
Thank you.
Yours Sincerely,
Nelson Ekujumi,

Executive Director.

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FirstBank Introduces Exclusive 500-Seater Bleacher at Carnival Calabar & Festival 2025

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RE: FIRSTBANK OFFICIAL STATEMENT 

FirstBank Introduces Exclusive 500-Seater Bleacher at Carnival Calabar & Festival 2025

 

Lagos, 26 December 2025 – FirstBank, West Africa’s premier financial institution and financial inclusion services provider, has officially announced its sponsorship of the Carnival Calabar & Festival 2025, unveiling a landmark addition set to redefine the carnival experience — the first-ever private premium seating area at the event.

 

The highlight of FirstBank’s participation is the construction of a 500-seater premium bleacher, designed to provide comfort, safety, and an elevated viewing experience for carnival enthusiasts.

 

Speaking on the sponsorship, the Acting Group Head Marketing and Corporate Communications, FirstBank, Olayinka Ijabiyi, noted that the carnival aligns with the Bank’s First@Arts initiative, a platform dedicated to supporting the creative arts value chain across Nigeria. He said, “We recognise the transformative power of the arts, including carnivals, in inspiring people and strengthening national unity. For more than 131 years, we have supported platforms that promote self-expression, social reflection and cultural exchange. Our investment in the Carnival Calabar & Festival demonstrates our commitment to preserving the nation’s rich cultural heritage through First@Arts.”

 

“As part of our sponsorship this year, we are introducing the first-ever private 500-seater premium bleacher to further elevate the carnival experience. This exclusive seating is designed to provide exceptional comfort and an unforgettable viewing experience for attendees,” Ijabiyi added.

 

The Chairman of the Cross River State Carnival Calabar Commission, Gabe Onah, also commented on FirstBank’s sponsorship. “FirstBank’s involvement is a strong demonstration of private-sector support for culture and tourism. This partnership not only enhances the overall quality of the carnival but also strengthens its global appeal,” he said.

 

The Carnival Calabar & Festival 2025 is officially marketed by Okhma Global Limited, the appointed Official Marketer responsible for brand partnerships, promotional engagements, and ticket sales. Okhma Global Limited has partnered with the Cross River State government in delivering Carnival Calabar & Festival for over ten years, playing a key role in strengthening the carnival’s commercial growth and global visibility.

 

 

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Alpha Morgan Bank Backs Cultural Preservation at the 2025 Iganmode Festival

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Alpha Morgan Bank Backs Cultural Preservation at the 2025 Iganmode Festival

 

Alpha Morgan Bank has reaffirmed its commitment to cultural preservation and community development as one of the major sponsors of the recently concluded Iganmode Cultural Festival (Odun Omo Iganmode) held in Sango-Ota, Ogun State.

The annual festival, a landmark cultural celebration in the ancient town of Ota, showcased the rich heritage, history, and identity of the Awori people. The event came alive with vibrant displays of traditional music, dance, colourful regalia, and performances that reflected the deep-rooted customs and values of the community.

Alpha Morgan Bank’s sponsorship followed closely on the heels of the recent launch of its Sango-Ota branch, further underscoring the Bank’s dedication to supporting local initiatives, promoting indigenous culture, and fostering sustainable community development in Ota and its environs.

The ceremony attracted an impressive array of dignitaries, including former President of Nigeria, His Excellency Chief Olusegun Obasanjo; Deputy Governor of Ogun State, Engr. (Mrs.) Noimot Salako-Oyedele; and the Olota of Ota, His Majesty, Prof. Adeyemi Obalanlege, alongside several other traditional rulers and members of royal households from across the state. Their presence highlighted the cultural and historical significance of the festival to Ogun State and the wider Yoruba nation.

Alpha Morgan Bank’s participation as a major sponsor reflects its broader corporate vision of strengthening community values and supporting initiatives that promote Nigeria’s rich cultural heritage. The Bank joined thousands of attendees in celebrating a festival that continues to serve as a symbol of unity, pride, and cultural continuity for the people of Ota.

The 2025 edition of the Iganmode Festival was widely acclaimed as a success, leaving guests and participants with lasting impressions of a colourful, well-coordinated celebration that honoured tradition while fostering communal harmony.

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12 Days of Christmas with 5 for 5 Rewards: Celebrating the Season the Wema Way

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*12 Days of Christmas with 5 for 5 Rewards: Celebrating the Season the Wema Way*

December is a season built on gratitude, reflection, and giving. It is a time when small gestures carry deeper meaning and everyday moments turn into shared joy. At Wema Bank, this spirit of the season has inspired the launch of 12 Days of Christmas with 5 for 5 Rewards, a festive campaign created to celebrate customers who continue to make the Bank part of their daily lives.
Running from December 14 to December 25, 2025, the campaign is designed to reward simple, everyday banking while spreading cheer across homes and communities. For twelve days, 33 customers will be rewarded daily with five thousand naira each when they fund their accounts with five thousand naira.
The idea behind the campaign is simple in action but thoughtful in intent. It recognises that during the festive period, every extra support counts. Whether it is preparing for family gatherings, running errands, or planning end-of-year activities, Wema Bank is turning routine transactions into moments of delight.
To take part in the 12 Days of Christmas with 5 for 5 Rewards, customers only need to fund their accounts with five thousand naira through any of the following channels:
ALAT app
*945#
Debit cards
Once the account is funded with five thousand naira, they get an additional five thousand naira as a reward.
Beyond the rewards, the 12 Days of Christmas with 5 for 5 Rewards reflects Wema Bank’s broader commitment to customer-centric banking. It reinforces the Bank’s focus on creating experiences that go beyond transactions, especially during moments that matter most to customers.
As the year draws to a close, Wema Bank is inviting customers to enjoy the festive season knowing that their loyalty is valued and celebrated. With every transaction, the Bank continues to find new ways to connect, appreciate, and give back during a season defined by generosity.

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