News
CBN provides update on the validity of old N1000, N500, and N200 banknotes.
In a recent statement, the Central Bank of Nigeria (CBN) has reaffirmed that the old N1000, N500, and N200 banknotes remain valid and legal tender throughout the nation. This clarification was issued by CBN spokesperson Hakama Sidi Ali on Friday, amidst growing concerns over cash scarcity despite directives aimed at ensuring adequate cash availability in Automated Teller Machines (ATMs).
The CBN’s announcement addresses the misinformation circulating regarding the status of the old banknotes. It emphasizes that, in accordance with a Supreme Court ruling dated November 29, 2023, all versions of the N1000, N500, and N200 denominations are permitted to circulate concurrently and indefinitely. Thus, both the old and new designs of these banknotes, as well as previous designs of the N100 denomination, remain valid for transactions.
The CBN urges the public to disregard claims suggesting that the old banknotes will cease to be legal tender after December 31, 2024. Citizens are encouraged to accept all Naira banknotes for their daily transactions and to handle them with care to maintain their condition.
In light of ongoing cash shortages, the CBN also advocates for the adoption of alternative payment methods, such as electronic banking channels, to alleviate the reliance on physical cash. This initiative aims to enhance the efficiency of transactions while reducing the pressure on cash supplies.
As the situation evolves, the CBN remains committed to providing clarity and assurance regarding the currency in circulation, reinforcing the importance of both old and new banknotes in Nigeria’s economy.
News
Remembering Dandy Krazy: A Tragic Loss for Zambian Music.
It is with profound sorrow that we report the passing of Wesley Chibambo, affectionately known as Dandy Krazy, one of Zambia’s most cherished musicians. The 47-year-old artist tragically lost his life in a road accident on New Year’s Eve while traveling in the Kapiri Mposhi region. The collision, involving his vehicle, a truck, and another car, resulted in three fatalities at the scene. Despite immediate medical attention and emergency surgery at the University Teaching Hospital in Lusaka, Dandy Krazy succumbed to his injuries in the early hours of Thursday.
President Hakainde Hichilema led a wave of tributes, celebrating Dandy Krazy as an “extraordinary talent” whose music transcended boundaries and united people. In a heartfelt message on Facebook, the President acknowledged the profound impact of the artist’s work on Zambian society.
The musician’s daughter, Comfort, expressed her grief in a moving tribute, marking the loss of her father on the birthday of her sister, Shanice. Her words reflected the deep love and admiration they held for Dandy Krazy, emphasizing the pain of his absence.
Dandy Krazy was not only known for his musical prowess but also for his incisive political commentary. His 2011 hit “Donchi Kubeba” played a pivotal role in the Patriotic Front’s electoral victory, ending a long-standing political era in Zambia. His contributions were recognized by then-President Michael Sata, who honored him with the Grand Commander of the Order of Freedom.
His discography, featuring beloved tracks such as “Chintelelwe” and collaborations like “Chipuba Chandi” and “Temperature,” showcases a diverse and impactful career. Lawyer and politician Sakwiba Sikota aptly compared Dandy Krazy’s influence to that of global icons like Bob Marley and Nina Simone, highlighting his significance in the Zambian music landscape.
In light of this tragedy, the government has pledged to assist with funeral expenses for Dandy Krazy and the other victims of the accident. His legacy, characterized by music that entertained, inspired, and united, will forever remain a vital part of Zambia’s cultural heritage. As the nation mourns, Dandy Krazy’s spirit will undoubtedly continue to resonate in the hearts of many.
Entertainment
Controversy Surrounding Naira Marley and the Late Mohbad: A Spotlight on VeryDarkMan’s Claims.
In the ever-evolving landscape of social media activism, few figures have sparked as much discussion as VeryDarkMan. Recently, he made sensational allegations regarding the late rapper Mohbad and his former label boss, Naira Marley, asserting that Marley admitted to owing Mohbad a significant undisclosed sum of money prior to the artist’s tragic death in September 2023.
Mohbad’s demise has been shrouded in controversy, especially following his departure from Marlian Music. The allegations suggest a failure by the record label to honor contractual obligations, prompting many to question the circumstances surrounding Mohbad’s passing. Notably, Naira Marley and his associate, Sam Larry, were seen in a viral video engaging in troubling behavior towards the late artist, leading to accusations of their involvement in his untimely death.
On October 6, 2023, both Marley and Larry were arraigned and remanded based on these accusations. However, they subsequently pleaded not guilty and were granted bail. Despite their legal status, a growing faction of fans has chosen to boycott Naira Marley’s music and voice their dissent on social media platforms.
Ahead of Mohbad’s posthumous birthday, VeryDarkMan shared in a video that he had approached Naira Marley with an opportunity to publicly clear his name. He claims that Marley acknowledged the financial dispute between them and attributed the crux of their issues to Mohbad’s desire to change the management structure established by the record label.
VeryDarkMan’s assertions raise significant questions about transparency and accountability within the music industry, especially regarding artist-label relationships. As this narrative unfolds, the call for justice and clarity for Mohbad remains at the forefront, with many eagerly awaiting further responses from those involved.
“I offered Naira Marley my platform to tell his own side of the story about Mohbad’s matter but he said God will fight his battles”
Verydarkman pic.twitter.com/CTzOO2zrcY
— Dami’ Adenuga (@DAMIADENUGA) January 3, 2025
Entertainment
American Content Creator Woah Vicky Highlights Poverty in Nigeria After Lagos Visit.
Recently, American content creator Woah Vicky expressed her observations following a visit to Lagos State, Nigeria. Known for its vibrant nightlife, Lagos stands in stark contrast to the pervasive issues of hunger and poverty that many of its residents face.
In a post on her X handle, Vicky shared her reflections, pointing out that while many visitors are drawn to the city’s entertainment scene, there exists a more pressing narrative that requires attention. “It is heartbreaking, sad to see visitors focusing on the parties only when there’s such a clear need for help. Nigeria needs prayer, missions, and tangible support, not just tourism for entertainment,” she articulated.
Vicky’s call for action underscores the necessity for a deeper understanding of the socio-economic challenges in Nigeria. As she aptly noted, mere tourism is insufficient; it is imperative for individuals and organizations to engage in initiatives that foster meaningful change.
In her concluding thoughts, Vicky urged her followers to pray for Nigeria and consider ways to contribute positively to the country’s future. This thoughtful commentary serves as a reminder that amidst the allure of leisure and entertainment, the plight of those in need should not be overlooked.
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