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
By Akinola Ajibade
The Central Bank of Nigeria (CBN) will sanction any bank that is dispensing old naira notes at its automated Teller Machines(ATMs) in Calabar, South South-South state of the country.
This happens, as the apex bank branch in Calabar, decided to sensitise people in the markets and streets in Calabar and beyond on the need to comply with the CBN directives on the use of new naira notes in the country.
In a statement issued by CBN in Calabar recently, its officer, Mrs. Glory Iniunan, reminded banks operators of the threat during the sensitisation exercise on the acceptance and deadline of the redesign naira notes at Watt, Ikot Ishie, 8miles and Marian markets.
Iniuan said: “What we are here for is to sensitise the people on the acceptance, the deadline of the redesign naira notes. To let them know that as from 31st January, 2023, the old notes will size to be a legal tender and as at 1st, February, 2023, the new note will come to play completely, we are not going to use the old notes anymore. Anybody that has the old notes should take it to the bank before January 31st 2023 to get the new notes.”.
She said CBN has started a spot check on banks across the state, threatening to sanction any bank found dispensing the old notes.
The CBN controller further stated,”banks are not supposed to feed the Automated Teller Machines with the old notes but if you go over the counter, we are still giving the old notes, the reason being that it is the ordinary people that uses the ATM, we want the money to circulate.
“You can still collect the old notes over the counter and use but return to the bank before 31st of this month, by then, they must have received enough to give to you as exchange. So for now, the ATMs are dispensing new notes. We have given them and it is sanctionable offence for you to dispense old notes and all the banks knows this.
“In the rural communities, banks have their agents, like the POS agents are the ones circulating the new notes in rural communities. We are doing spot check to know the banks that are still dispensing old notes through ATMs. Even in the weekends, we do spot check, any ATM found dispensing old notes, we make report to the head office and they have sanction for them.” She stressed.
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