National News
CBN confiscates N56.8 million – Report
CBN confiscates N56.8 million – Report
By: Our Reporter
A total of 67,265 banknotes with a nominal value of N56.8 million were confiscated last year, the 2020 yearly report of the Central Bank of Nigeria (CBN) has revealed.
The volume is 20.8 per cent less than 84,934 pieces confiscated the previous year and 12.18 per cent short of the nominal value. In 2019, N64.7 million was confiscated.
The report also revealed that N1000 and N500 bills dominated the confiscated denominations, accounting for 69.06 percent and 30.79 per cent respectively.
The two highest denominations accounted for 99.85 percent of seized fake naira with smaller denominations taking only 0.15 per cent. The data validates the historical trend where criminals target higher denominations for counterfeiting.
According to the statistics, the ratio of confiscated counterfeit notes to the volume of currencies in circulation was 13 pieces per million or one to 77,000, suggesting that one out of every 77,000 banknotes in circulation last year was fake.
The apex bank reports that the volume of currency-in-circulation (CIC) increased by 19 per cent from N2.44 trillion at the end of 2019 to N2.9 trillion by December 31, 2020. The increase suggests the continued dominance of cash transactions despite the growth of digital payment systems.
Detailed analysis showed that N5, N10, N20 and N50 banknotes accounted for 28.4 percent of the total volume of currency in circulation. The smaller denominations’ share of the value of the money in circulation was only 1.9 per cent while 100, N200, N500 and N1000 accounted for 63.5 per cent and 98.08 per cent of the volume and value of the currency in circulation respectively.
According to the report, the total stock of currency (issuable and non-issuable) in the vaults of the bank at the end of December 2020 was 2.75 billion pieces compared with 2.64 billion pieces reported in 2019. The figures show an increase of over 100 million pieces or four per cent.
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“At end of December, 2020, the total issuable notes (newly printed notes and counted audited clean notes) was 592.94 million pieces, compared with 726.43 million pieces in 2019, representing a decrease of 133.49 million pieces or 18.38 per cent,” the report notes.
Last year, the apex bank cut its expenditure on currency printing from N75.5 billion spent in 2019 to N58.6 billion. The Bank had spent the N64 for the same process in 2018.
“The total cost incurred on printing of banknotes in 2020 amounted to N58,618.50 million, compared with N75,523.50 million in 2019, indicating a decrease of N16,905 million or 28 per cent,” the report states.
In a separate press release, the regulator said the reduction was in line with the objective of the Godwin Emefiele-led CBN to cut the cost of printing banknotes and cash management and that eNaira was also initiated in line with the policy.
The report also says the CBN generated the sum of N6.5 billion as total income from currency management activities in the year under review compared with N13.2 billion released in 2019. The figures imply a decrease of N6.7 billion or 50.9 per cent.
“The income generated was largely from penal charges on unsorted banknotes deposited by DMBs and charges for authentication of foreign currency deposits with the Bank,” says the report.
It also disclosed that the Bank incurred a total of N67.2 billion as expenses on currency operations in the year. The amount is N18 billion or 21 per cent less than N85.2 billion spent a year earlier.
CBN confiscates N56.8 million – Report
National News
India High Commission, KADIFF Screen Short Movies in Abuja
India High Commission, KADIFF Screen Short Movies in Abuja
By: Michael Mike
High Commission of India, in collaboration with the Kaduna International Film Festival (KADIFF) has organized a special short Movie Screening and Panel Discussion.
The event, which held at the Chancery premises, was inaugurated by High Commissioner Amb Abhishek Singh, and brought together a vibrant cross-section of participants from the diplomatic community, including Heads of Mission, members of the Nollywood fraternity, film professionals, cultural enthusiasts, influencers, and friends of India.

The evening featured the screening of two thought-provoking short films — the Indian short film “Good Morning”, and the Nigerian film “Not So Long a Letter”.
Following the screenings, a lively panel discussion was held on the theme: “Celebration of our rich cultural heritage and the need for collaboration.”
The panelists, including Swat Duniah-Adalumo – Moderator (Journalist), Dr. Ahmed Sarari (Filmmaker), Francis Duru (Actor/Filmmaker) and Stephnora Okere (Actress/filmmaker) exchanged insights on how cinema can deepen mutual understanding, promote cross-cultural narratives, and foster creative partnerships between the Indian and Nigerian film industries.

The initiative was part of the High Commission’s ongoing efforts to strengthen India-Nigeria cultural relations and promote Indian cinema through shared artistic expressions and storytelling traditions”
India High Commission, KADIFF Screen Short Movies in Abuja
National News
Non-kinetic team engages bandit leaders, communities in Birnin Gwari to strengthen peace initiative
Non-kinetic team engages bandit leaders, communities in Birnin Gwari to strengthen peace initiative
By: Zagazola Makama
In continuation of non-kinetic peace engagements across the 1 Division area of operation, representatives of key security and peace institutions on Tuesday visited Kuyello and surrounding communities in Birnin Gwari Local Government Area of Kaduna State to sustain dialogue with repentant bandits and community leaders.
The visit, conducted on Nov. 11, was jointly led by representatives of the Office of the National Security Adviser (ONSA), and some Islamic clerics from the Kaduna State Peace Committee, with participation from 1 Division Nigerian Army, the Nigeria Police Force, and the Department of State Services (DSS).

According to sources, the team arrived Kuyello at about 11:30 a.m., where a meeting was held with key community stakeholders and repentant bandit leaders.
The Chairman of the committee urged the repentant bandits to remain committed to the peace agreement and desist from attacks, kidnappings, and preventing locals from accessing markets and farmlands.
He reminded them that the peace initiative was built on mutual trust and community safety.
During the engagement, the team learned of an unresolved conflict between vigilantes from Kompany village in the Layin Dan Auta area and residents of Layin Dan Lasa village, reportedly under the control of bandit leader Kachalla Risku.
The feud was traced to an earlier incident at a mining site on Oct. 16, 2025, where a Fulani local was killed and his weapon seized, leading to retaliatory attacks and kidnappings.
The sources noted that Risku agreed to release all kidnapped persons and return a police rifle in his custody.
However, he demanded the return of four motorcycles allegedly seized by locals during the October incident.
Community leaders, including the Hakimi, testified that the bandits had largely kept to their commitments under the peace accord, attributing the recent tensions to the refusal of residents of Layin Dan Auta to comply with the peace deal.
The team further stopped at Rikau and Rima villages during its return to Kaduna to meet other bandit leaders, including Kabiru and Dandukununu, who also pledged to uphold the peace agreement. Palliatives were handed over to them as part of confidence-building measures.
The delegation described the visit as successful, noting that it was aimed at preventing a relapse into violence and consolidating gains from the ongoing dialogue process.
At the end of the engagement, several resolutions were reached, including a directive for the Birnin Gwari Local Government Council and the Emirate Council to facilitate peace talks between the warring communities.
It was also resolved that all kidnapped victims in the custody of Risku be released immediately, while the police rifle held by his group should be handed over to security agencies without delay.
The team returned safely to Kaduna at about 7:50 p.m. after a hitch-free mission.
Non-kinetic team engages bandit leaders, communities in Birnin Gwari to strengthen peace initiative
National News
UNODC Heralds Stakeholders for Assistance to Victims of Revenge Porn
UNODC Heralds Stakeholders for Assistance to Victims of Revenge Porn
By: Michael Mike
United Nations Office on Drugs and Crime, (UNODC) has heralded stakeholders to find way to assist victims of revenge porn.
The UNODC Nigeria Country Representative, Cheikh Touré while rallying stakeholders in the security sector to address the growing incidence of revenge pornography, at the opening of a three-day workshop on Cybercrime and Violence Against Women Through Information and Communication Technologies, (ICT), themed ‘Cyber-Interpersonal Violence: The Challenge of Responding to Revenge Porn,’ on Tuesday in Abuja, noted that cyber-violence of revenge porn is one of the most deeply personal forms of online harm that demands urgent attention to tackle because it tramples on human dignity and inflicts life-long emotional harm on victims.
Touré further said: “The non-consensual sharing of intimate images, commonly and painfully known as revenge porn is not just a technical issue, it’s not just a legal challenge, it is a profound violation of privacy, dignity, autonomy and security.
“It is a form of violence that leaves scars, not only on skins, but in lives and it is disproportionately affecting women though lets me be clear, it impacts men, young people and individuals from all walks of life. The trauma is universal, the devastation can be lifelong.”
The Country Representative stated that the United Nations Convention on Against Cybercrime, (UNCAC), also known as Hanoi Convention remains the key global legal instrument in combating all forms of cybercrimes as it has provisions that enable countries work together to fight the menace.
Touré, while urging participants to work together in understanding how to use the UNCAC to protect the public, said: “This workshop is not just about legal framework, this is about people, it’s about prevention, it’s about healing.
“It means closing jurisdictional gaps, so no perpetrator can hide behind borders and or technology. And overall, it means ensuring no survivor is left without justice, safety or support. And this is about building a Nigeria in a world where the digital space is not a battlefield for dignity, but a place where rights are protected.”
On her part, the Deputy Head of Mission of the Royal Norwegian Embassy in Nigeria, Kristin Wæringsaasen, said her government is solidly behind the UNODC, and willing to offer support to ensure the fight against the cybercrime of revenge porn and other cyber-violence are brought to a halt.
She said Norway’s partnership reflects a growing international commitment to addressing the complex challenges posed by technology-enabled violence.
Wæringsaasen said: “Digital technologies have transformed our societies in a profound way, they are open up new avenues for education, economic growth, civic engagement and global connectivity. But alongside these opportunities we are witnessing the emergence of new and deeply concerning forms of violence, particularly against women and girls.
“Cyber-related violence, including online harassment, exploitation and abuse, is not confined to virtual spaces, it has real world consequences, undermining safety, dignity and human rights. It’s enforcing existing inequalities and creates new barriers to participation, especially for women and girls.”
She however assured that Norway is proud to support UNODC, both globally and here in Nigeria through its development cooperation which aims to promote inclusive governance, human rights and the rule of law.
She said: “We believe that a strong and coordinated response to cyber-related violence is essential to achieving these goals. This workshop is an opportunity to share knowledge, strengthen institutional capacity and build a mutual sector response that is both effective and sustainable.
“It is also a chance to centre the voices of survivors, civil society and youth, whose experience and insights must guide our effort.”
UNODC Heralds Stakeholders for Assistance to Victims of Revenge Porn
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