Personality in Focus
Naira Scarcity: Security Consultant Advises CBN to Print More N100 Notes
A private security consultant and Managing Director of Badison Security Limited, Mr. Matthew Ibadin, has called on the Central Bank of Nigeria (CBN), to increase the printing of N100 notes and other lower denominations like N50, N20, N10 and N5 notes and pushed them in circulation following the ban on N1000, N500 and N200.
Mr. Ibadin also canvassed for a return to the use of coins for other lower denominations like 10 Kobo, 5kobo and 1 Kobo. To make for easy use of the coins for transactions as it is done in places like United States of America, ge is suggesting a reduction in the weight of 10 Kobo and other coins and make them lighter.
Addressing members of the National Association of Online Security News Publishers, NAOSNP in Lagos over the weekend, the highly cerebra security mogul noted that in spite of what he describes as temporary hardship Nigerians are currently going through, the availability of lower denominations of the naira in circulation would add some value to our currency and by implication, the economy.
The security consultant said that before the redesign and swap of the old higher denominations of the naira, the lower denominations particularly the N50, N20 N10 and N5 notes were becoming unacceptable and near worthless for business transactions in many quarters; adding, “With the gradual non- release of the higher denominations to depositors by the commercial banks in the last few days, the lower denominations have started getting some attractions.”
The Badison Security boss further stated that with more availability of lower denominations in circulation for business transactions both in urban and rural areas, there would be value addition to our currency thereby, reducing inflation and the ease with which corrupt politicians and public servants siphon and stash away bulk of higher denominations.
He added that the much availability of higher denominations in circulation had unarguably led to high demand by kidnappers in ransom as it was possible to keep millions of higher denominations by many Nigerians. Conversely, he said “A high degree of inavailability of N1000, N500 notes in particular would make kidnappers have a rethink in their demand for ransom.”
Continuing, Ibadin also noted that the availability of higher denominations of the naira in circulation particularly in the hands of politicians makes it easier for vote buying as the bulk of higher denominations are easier to carry from one place to another than the lower denominations. For this, he has commended President Muhammadu Buhari in his concerted effort to ensure that the forthcoming elections are free and fair without vote buying.
He has therefore, advised management of the CBN to increase the volume of lower denominations in circulation payable through commercial bank counters and Automated Teller Machines (ATM); adding that CBN should not be distracted by the criticisms and condemnations in some quarters in relation to the naira redesign and deadline for the return of the old notes.
The Badison Chieftain has therefore, called on Nigerians to support Buhari in his effort to ensure that the forthcoming elections are not hijacked by desperate politicians, stressing that this would be the first time in Nigeria that a sitting President would be so determined to ensure free and fair election devoid of partisanship.
He expressed optimism that the current hardship inflicted on Nigerians by the scarcity of the new naira notes would be eased off soon after the election as the Central Bank of Nigeria is expected to massively release the new notes soon after the election.
It would be recalled that the Supreme Court had ruled on an ex parte motion brought by Kaduna, Kogi and Zamfara States seeking to halt the CBN from implementing the February 10 deadline for the currency swap.
The Apex court had ruled in favour of the States but the CBN management and the Federal Government through the Attorney General of the Federation and Minister of Justice reacted to the ruling, insisting that the February 10 deadline remained sacrosant.
However, following the intervention of the Council of States last week, President Buhari in his national broadcast on February 16, 2023, briefly reviewed the deadline by extending the life of the old N200 note to April 10, 2023 when it would cease to be a legal tender. The old N500 and N1000 notes are no longer legal tender as their validity expired on the February 10.
The Nigerian Senate has confirmed General Christopher Musa, the former Chief of Defence Staff, as the country’s new Minister of Defence.
The announcement was contained in a statement by Bayo Onanuga, Special Adviser on Information and Strategy to President Bola Tinubu.
Musa, who retired from the military just 40 days ago, was nominated by President Tinubu on Tuesday to succeed former Defence Minister Mohammed Badaru Abubakar, who stepped down on health grounds.
According to Onanuga’s statement, the Senate approved Musa’s appointment on Wednesday through a voice vote, following a thorough screening session during which lawmakers posed numerous questions.
“Senate confirms Gen. Christopher Musa as Minister of Defence The Senate has confirmed the former Chief of Defence Staff, Gen. Christopher Musa, as the Minister of Defence. The Senate confirmed Musa on Wednesday via a voice vote after a rigorous screening session in which lawmakers asked him many questions,” the statement read in part.
Personality in Focus
CM Shehu Mohammed Lauds NAOSNP over 2025 Road Safety Champion Award, Hails Staff
The Corps Marshal of the Federal Road Safety Corps (FRSC), Mallam Shehu Mohammed has won the 2025 Road Safety Champion Awards instituted by the National Association of Online Security News Publishers (NAOSNP) at the National Conference/Awards held recently in Lagos, in recognition of his aggressive transformation agenda in road transportation safety and commitment to championing the campaign for safer road environment in Nigeria through the FRSC platform.
In his remarks at the event, the National President of NAOSNP, Mayor Oki Samson emphasized the growing responsibility of the media—particularly online security news outlets in shaping public understanding and national resilience in an era marked by complex security threats, misinformation, and rapid technological changes. Mayor Oki underscored the vital role of the press in national security discourse and called for deeper collaboration between media and security agencies to ensure accurate, timely, and responsible reporting.
According to him, the event represents not just a dialogue, but a critical partnership between those who safeguard the nation and those that shape public opinions, stressing the need for harmony that could present national understanding, cohesion and development. He called on the award winners to continue to discharge their national responsibilities with greater zeal and patriotism, noting that building and safeguarding a nation requires robust collaboration and partnerships between stakeholders.
In his Keynote address, the the former Chief of Defence Staff, General Christopher Gwabin Musa, who was represented by Air Vice Marshal Bashir Rimi Mamman underscored the critical interplay between security, governance, and national development. His called for unity, responsible journalism, and collective action to secure Nigeria’s future. “This event serves as a platform for reinforcing the media’s role in national security and commitment to safeguarding the nation,” he stated.
The Assistant Inspector General of Police (AIG) Zone 2 Lagos, Adegoke Fayoade, who spoke on the theme of the conference, positioned security as a foundational enabler of economic development and resource safeguarding in Nigeria, saying the two must always harmonize to produce credible results for national security and development agenda.
With the theme “Securing and Safeguarding Nigeria’s Economic Resources,” AIG Fayoade’s messages highlighted the necessity of aligning security operations with economic priorities, leveraging identity and information systems, partnering across sectors, and ensuring ethical, capable, forward‑looking security institutions. Such an approach, he said, recognises that economic resources whether tangible (infrastructure, commodities, ports) or intangible (identity systems, revenue flows, investor confidence) require integrated, multi‑dimensional protection.
”As Nigeria continues to aim for growth, investment, and resource optimisation, the link between security and economy remains central,” the AIG submitted.
Corps Marshal Shehu Mohammed of the FRSC whose award was received on his behalf by the Sector Commander of Lagos State Sector Command of the FRSC, Corps Commander Kehinde Hamzat, reiterated that every movement starts and ends on the road. He stressed that transportation is a critical aspect of Nigeria’s infrastructure and plays a vital role in connecting people, goods and services across the country.Corps Marshal Shehu Mohammed further noted that Road Traffic Crashes are the major factors contributing to disruptions in the supply chains and increase in operational costs for the transport sector.
While emphasizing the role of stakeholders in national security and development efforts, Corps Marshal Shehu Mohammed gave assurances that FRSC as an agency of the Federal Government charged with the lead agency responsibility of ensuring road traffic management and safety administration in the country will effectively enforce relevant reforms in transportation safety laws as government at all levels is geared toward investing more in infrastructure and combating corruption in the system.
The FRSC Boss further called on the media to continue to raise public awareness on issues of road safety, hold people accountable and disseminate information most professionally to build trust and ensure integrity of their reportage, dedicating the award to the hardworking personnel of the FRSC.
In attendance at the event which also saw the award of NAOSNP “Best Security Agency Spokesperson of the Year” to the FRSC Public Education Officer, Assistant Corps Marshal Olusegun Ogungbemide
were representative of the former Chief of Defence Staff; representative of the Minister of Police Affairs, Senator Ibrahim Gaidam; the Assistant Inspector General of Police, Zone 2 Lagos, Adegoke Fayoade and the representative of the Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC) Dr. Ahmed Abubakar Audi among security and other agencies.
It is worthy of note that NAOSNP National Security Conference/Awards has over the years become the largest media-organized security conference, gathering top public and private stakeholders in Nigeria’s security architecture.
Personality in Focus
Tunji Alausa is a True Son of Yorubaland, Family Member Replies Detractors, Says Attacks Politically Motivated
The Chief Executive Officer, Okay Group, Mrs. Motunrayo Ajeigbe-Akinlosotu, has publicly condemned a series of online posts accusing the Minister of Education, Dr. Olatunji Morufu Alausa, of attempting to abolish the teaching of Yoruba language in Nigerian schools.
Akinlosotu, who identified herself as a relative of the minister, described the claims as unfounded and driven by political motives.
She reacted specifically to a viral Facebook post by one Abulesowo Egbowon, who labelled Dr. Alausa “an enemy and a saboteur of Yorubaland” and accused him of allegedly opposing Yoruba language education and regional interests.
In a strongly worded response, Akinlosotu dismissed the allegations, insisting that Dr. Alausa is a “true son of Yoruba land” whose heritage and service record contradict the narrative being pushed online.
“My name is Motunrayo Ajeigbe-Akinlosotu. Dr. Alausa happens to be my uncle. He is from Lagos State. The mother is half Lagos and half Ilesa. While the father is from Lagos on both sides of his family. So Alausa is a true son of Yorubaland and a true son of Lekombi Omo Eko,” she said.
She expressed shock that some individuals were cursing the minister over policies she said he had no hand in, noting that the attacks appeared politically motivated.
“I don’t know why people are now raising curses on Dr. Alausa. It’s not about the portfolio he is holding. Many of those spreading these things are simply frustrated,” she said.
She believes the attacks may be coming from Alausa’s enemies who are frightened by his rising profile in politics.
Ajeigbe praised the minister’s performance, describing him as a hardworking reformer who has introduced policies aimed at improving the education sector.
“Dr. Alausa is doing well in the Ministry of Education. He has changed many things that were not working. He is always ready to help people at any time, even without seeking recognition,” she added.
Addressing insinuations about his religious or cultural identity, Ajeigbe emphasised that the minister comes from a deeply religious family with both Muslim and Christian backgrounds and has always been committed to supporting communities in Lagos and beyond.
“This is a man many people look up to in Lagos State. He helps quietly without announcing it. So where is all this beef coming from?” she asked.
She urged Nigerians to disregard false narratives being circulated on social media, warning that political actors may be attempting to smear the minister for personal or partisan reasons.
The controversy began after Egbowon’s Facebook post accused Dr. Alausa of attempting to halt Yoruba-language instruction in schools and questioned why none of the minister’s children reportedly bear Yoruba names.
The post sparked a flurry of negative comments portraying the minister as “not a son of the soil.”
Ajeigbe called for restraint and urged the public to seek facts rather than fall for misleading information circulated online.
“Please, people should be very careful. I am not talking about politics. I am talking about who Dr. Tunji Alausa truly is,” she said.
