Personality in Focus
Naira Scarcity: An Economic War on the Yoruba People by Prof Banji Akintoye
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The Central Bank of Nigeria has declared that as of last Friday, 10th February 2023, the old naira notes will no longer be legal tender. Yet they have offered no assurance that they will meet the enormous demand for the redesigned currency. This is despite the Supreme Court ruling that CBN must allow the continuing circulation of the old naira note.
This change in currency has been implemented without consulting the relevant stakeholders to assess how it will affect the lives and livelihood of ordinary Nigerians. It raises the question of whose agenda the CBN Governor is following.
The inflexible application of this policy by CBN starves ordinary Nigerians of cash, preventing them from being able to carry out their daily activities. This has disproportionately disadvantaged the ethnic nationalities in the south of the country. Whilst strict adherence to the rules is encouraged across the South, the Northern leaders have already granted their people permission to continue using the decommissioned currency in contravention of the CBN.
We, the Yoruba people, are a people known for trade and commerce, a characteristic ingrained in our culture for many centuries, even before the British colonialisation. We must not allow ourselves to be subjugated by this policy designed to destroy our economy. Throughout the entire history of Nigeria and its component nations, there has never been a time when people are made to buy their own national currency in order to trade. In fact, nowhere else in the world would anyone be required to pay large sums of money in order to access cash that should be readily available to them through banks and point of sale (POS).
The denial of physical currency to our market women and traders is highly destructive to people’s life and well-being across Yorubaland, an outcome that would have been undeniably foreseen by those instating these regulations. We cannot accept the enforcement of a policy that has been this poorly thought through, a policy that will destroy our economy by starving our people of the cash they need to enable the free flow of trade.
The CBN’s demands to recall the old naira note will further impoverish our people who are already living below the poverty line every day, due to the Nigerian government. Therefore, there is no other alternative than to ask the Yoruba people to resist this destructive policy enacted by CBN. I plead with you, my people, for the sake of yourselves and your kinsfolk, continue to accept the old naira notes and, where possible, agree to accept alternative currencies such as the CFA in your everyday trade and commerce. In our unity, we are stronger; by standing together, we will outstay and overcome any powers that seek to oppress us.
Personality in Focus
Just In: Emmanuel Nnorom Steps In As UBA Chairman As Tony Elumelu Retires
By Eric Elezuo
Premier commercial bank, the United Bank of Africa (UBA) has announced the retirement of its chairman, Mr. Tony Elumelu after 12 years of meritorious service. The retirement notice will take effect from August 21, 2026.
The announcement was made on Monday after a meeting of the Board of Directors, according to a statement titled NOTIFICATION OF RETIREMENT OF GROUP CHAIRMAN OF UNITED BANK FOR AFRICA AND APPOINTMENT OF SUCCESSOR, and made available to Pointblank.ng.
Elumelu will be replaced by Non-Executive Director of the bank, Mr. Emmanuel N. Nnorom, chartered accountant with over forty years’ experience in banking, finance and audit.
Expressing his appreciation for the privilege of serving the bank for 12 years as Chairman, Elumelu noted: that “Serving United Bank for Africa has been one of the great privileges of my career. UBA has established a unique competitive position, across Africa and globally, and I leave the Board with great confidence in UBA’s future. Emmanuel Nnorom is a leader of integrity, experience and sound judgement, and I am confident that the Bank will continue to thrive under his leadership.”
In his acceptance speech, the incoming Chairman, Emmanuel Nnorom remarked that “I am honoured by the trust the Board has placed in me and deeply conscious of the legacy I inherit. I look forward to working with my colleagues on the Board, Management and our staff across all our markets to sustain UBA’s momentum and continue delivering long-term value to our shareholders, customers and stakeholders.”
The statement quoted the Board as placing on record “its profound appreciation to Mr. Elumelu for his visionary leadership and exceptional contribution to the strategic vision and institutional strength of the UBA Group.”
It added that “Mr. Elumelu’s tenure has been a defining chapter in the Group’s history. Under his stewardship, UBA was transformed into a pan African institution, operating in 20 African countries and 4 global financial centres and serving over 50 million customers.”
Personality in Focus
Glo-sponsored African Voices Features Former CNN Anchor, Isha Sesay
Accomplished journalist and former Cable News Network (CNN) International anchor, Isha Sesay, will this week return to the studios of the global news network, not as an interviewer, but as the subject of its celebrated 30-minute magazine programme, African Voices, sponsored by telecommunications giant, Globacom.
The episode will shine a spotlight on the remarkable journey of the distinguished broadcaster whose career has traversed some of the most influential corridors of international journalism.
The 50-year-old British-Sierra Leonean media personality, born on January 6, 1976, rose to prominence through an illustrious career at CNN, which she joined as a news anchor in 2005 after distinguished stints with the British Broadcasting Corporation (BBC) and Sky News. Over the years, Sesay became one of the most recognisable and respected faces in global television news, bringing clarity and composure to some of the world’s most consequential stories.
An alumna of Trinity College, Cambridge, United Kingdom, Sesay steadily carved a distinctive niche for herself in broadcast journalism. In 2009, she became the host of the inaugural edition of International Desk, CNN’s weekly news programme, further cementing her reputation as a journalist of substance and international standing.
Her career afforded her the opportunity to engage with numerous eminent personalities, including former Nigerian President Olusegun Obasanjo and his successor, the late President Umaru Yar’Adua, among other notable global figures.
Sesay also contributed to Anderson Cooper 360° as presenter of the 360 Bulletin, a role she assumed on January 17, 2011. Subsequently, she was reassigned as anchor of another flagship news programme, CNN NewsCenter, continuing a professional trajectory that reflected both versatility and excellence.
Beyond the newsroom, Sesay has demonstrated a deep commitment to social impact. In 2014, she launched her educational and humanitarian non-profit advocacy initiative for the African girl-child. The organisation, aptly named Women Everywhere Can Lead, has since provided educational support and empowerment opportunities aimed at nurturing a new generation of female leaders across the continent.
More recently, Sesay captured public attention with her personal journey into motherhood, welcoming her first child through In-Vitro Fertilisation (IVF) as a single mother. Her experience has resonated with many women around the world, adding another compelling chapter to a life story already rich in courage, resilience and inspiration.
On this edition of African Voices, Sesay will share insights into her distinguished career, her enduring advocacy for girls’ education and empowerment, as well as her new and deeply personal adventure into motherhood. The programme will air on Saturday at 7.30am.
Repeat broadcasts will follow at 11.00am on the same day, while additional screenings are scheduled for Sunday at 3.30am and 6.00pm. Further rebroadcasts will air on Monday at 3.00am and 5.45pm, and on Tuesday at 5.45 pm, with the same time belt continuing into the following week until Monday at 3.00am
Personality in Focus
Double Honours for PLWD: Opeoluwa Sotonwa Foundation Opens Applications for Scholarship
The Opeoluwa Sotonwa Foundation (OSF) has announced the opening of applications for the 2026 OSF Scholarship Programme and the Professor Konyinsola Ajayi, SAN Fellowship, reaffirming the Foundation’s commitment to expanding educational opportunities, and developing future leaders within the disability community.
Since its establishment, the Foundation has worked to remove barriers to higher education by providing financial assistance, recognizing academic excellence, and investing in students whose determination and leadership have the potential to create lasting change in their communities.

Dr. Opeoluwa Sotonwa
Founder, Sotonwa Opeoluwa Foundation
The OSF Scholarship Program is open exclusively to Deaf and hard of hearing students enrolled in accredited tertiary institutions in Nigeria. The scholarship recognizes academic merit, leadership, resilience, and a commitment to pay it forward.
The Professor Konyinsola Ajayi, SAN Fellowship is open to law students with disabilities pursuing a Bachelor of Laws (LL.B.) degree at an accredited Nigerian institution. Named in honor of one of Nigeria’s most distinguished legal practitioners, the fellowship promotes greater representation of persons with disabilities within the legal profession while supporting the next generation of advocates,
scholars, and public leaders.

Mrs Cassandra Sotonwa,
Chief Operating Officer, Sotonwa Opeoluwa Foundation
“Education has the power to transform lives, strengthen communities, and expand opportunities for generations to come,” said Dr. Opeoluwa Sotonwa, Founder of the Opeoluwa Sotonwa Foundation.
”Through these programs, we continue our commitment to investing in talented students whose perseverance, engagement, and character will help shape a more inclusive and equitable Nigeria. We encourage every eligible student to apply and take advantage of these opportunities.

Applications will be evaluated through a competitive review process based on academic achievement, leadership potential, community engagement, and the overall quality of each application. Priority consideration may be given to applicants who have not previously received an OSF Scholarship or a Konyinsola Ajayi, SAN Fellowship.
Applicants are strongly encouraged to read the application instructions carefully. Only fully completed applications submitted with all required supporting documents by the published deadline of July 30, 2026 will be considered. Incomplete applications or those missing required documentation will not be reviewed.
The Foundation maintains a zero-tolerance policy toward fraud. Any applicant found to have submitted forged or altered transcripts, falsified documents, plagiarized personal statements, or other fraudulent materials will be disqualified and permanently barred from future scholarship and fellowship opportunities offered by the Opeoluwa Sotonwa Foundation.
Application forms, eligibility requirements, and submission instructions are now open and available at opeoluwasotonwafoundation.org.
Interested applicants should review the eligibility requirements and application instructions before submitting their materials.
About the Opeoluwa Sotonwa Foundation
The Opeoluwa Sotonwa Foundation (OSF) is a nonprofit organization dedicated to advancing educational access, leadership development, and economic empowerment for persons with disabilities in Nigeria. Through scholarships, fellowships, mentorship, strategic partnerships, and advocacy, the Foundation empowers students to achieve academic excellence, professional success, and meaningful
leadership.






