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NNPC destroys 134 Illegal Refineries Recently

A destroyed refinery  By Favour Ifeoluwa & Akinola Ajibade  The Nigerian National Petroleum Company Limited( NNPCL) says it has destroyed 134 illegal refineries in the last few weeks.  Also, the company said  63 illegal pipeline connections were uncovered during the the weeks .  The corporation, In a visual report, stated that at about 2 am on Sunday, a joint team of security agents discovered a large wooden boat illicitly loading stolen crude oil from Barge AGS01 within the OML 18 operating area, noted intelligence report a large wooden wooden boat was caught receiving crude oil from the barge.  According to the state-owned oil firm, while the barge was towed away with a tugboat in custody, five speedboats used in towing the large wooden boat to the illegal loading site were also detained and the particulars of the tugboats and barge used for the operation were reportedly seized for further investigation.  It further said that two large boats, which involve
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CBN rolls out security features for new notes

Redesigned naira notes


By Favour Ajibade


The Central Bank of Nigeria (CBN) has released security features in the redesigned naira notes, in order to prevent users( Nigerians) from falling victims of using fake currency for transactions.

This happens, as the news of new fake naira notes is rife in the country, with traders rejecting N200 and N500 units on allegations they have been counterfeited. 

The apex bank, it was gathered, has marked out security features and peculiarities that distinctively differentiate the new naira notes and make them inviolable to counterfeiting.

The security features, New Mirror gathered, included, at least, 23 features on the N1,000 note, 15 features on the N500 note and 10 features on the N200 note.

Explaining the features to Nigerians,  CBN's Governor, Godwin Emiefiele, advised Nigerians to look out for intaglio raised print, portrait watermark, officially variable ink that changes from blue to green with change in angle of view, kinegram with the image of N1,000 and Coat of Arms, iridescent band, windowed metallic security thread and see through printing in register, adding that the N1000 notes have been tampered with,  once those features are not found in them.

On N500 notes,  Emiefele highlighted their features to include hand-engraved portrait, windowed metallic security thread with CBN inscription, CBN 500 watermark, portrait watermark, officially variable ink that changes from blue to green with change in angle of view, silver patch with embossed Coat of Arms, see through printing in register and raised intaglio print.


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