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.
Personality in Focus
Prophet Isaiah Macwealth @45: A Tribute to a Visionary Leader, Kingdom Reformer, and Father to Nations
The Africa Division, Gospel Pillars Ministry on behalf of its leadership, partners, sons, daughters, and well-wishers across the African continent, has felicitated with its spiritual leader, Prophet Isaiah Macwealth, as he turns 45.
In a statement signed by management of the Africa Division, the group recognized Prophet Macwealth’s spiritual leadership and acts of humanity for over two decades.
The statement reads in full:
Africa Division joins countless sons, daughters, partners, and well-wishers around the world in celebrating the 45th birthday of our esteemed father, mentor, and spiritual leader, Prophet Isaiah Macwealth.
As he marks this significant milestone, we pause to reflect with profound gratitude on a life dedicated to the advancement of God’s Kingdom, the transformation of lives, and the raising of men and women who are impacting their generation with purpose and excellence.
For over two decades, Prophet Isaiah Macwealth has stood as a beacon of divine wisdom, prophetic accuracy, visionary leadership, and unwavering commitment to God’s assignment. Through his ministry, countless lives have been restored, destinies redirected, leaders raised, and communities transformed across continents.
His influence extends beyond the pulpit, reaching into the spheres of leadership development, nation-building, mentorship, education, and humanitarian impact. Through his teachings and personal example, he has inspired a generation to pursue God wholeheartedly while excelling in every area of life.
Africa Division expresses its deepest appreciation for his sacrifices, tireless labor, fatherly guidance, and steadfast commitment to nurturing spiritual growth and kingdom excellence across the African continent. We remain eternally grateful for the wisdom, grace, and covering that we continue to enjoy through his leadership.
As we celebrate this remarkable occasion, we honor not only a prophet but a statesman of the Kingdom, a trailblazer of faith, and a father whose life continues to illuminate pathways for many around the world.
We pray that the Almighty God grants him renewed strength, greater grace, increased influence, divine health, and many more years of fruitful service. May the coming years surpass all previous seasons in impact, relevance, and manifestation of God’s purpose for his life.
Happy 45th Birthday, Prophet Isaiah Macwealth.
Your life is a testament to God’s faithfulness, and your legacy continues to shape generations.
Personality in Focus
Aare EmmanuelKing Congratulates Dapo Abiodun at 66, Hails Gov’s Leadership Qualities
The Chairman/Chief Executive Officer of Adron Group, Aare Adetola Emmanuel King, has extended his warm congratulations to the Executive Governor of Ogun State, His Excellency Prince Dapo Abiodun, CON, on the occasion of his 66th birthday.
In a goodwill message issued to commemorate the occasion, Aare EmmanuelKing described Governor Dapo Abiodun as a visionary leader, accomplished administrator, and distinguished statesman whose purposeful and people-oriented leadership continues to foster remarkable transformation, progressive governance, and sustainable development across Ogun State.
He noted that Governor Abiodun’s steadfast commitment to infrastructural development, economic advancement, youth empowerment, and the overall welfare of the citizenry has significantly positioned Ogun State as a foremost destination for investment, innovation, and socio-economic progress in Nigeria.
“On behalf of my family, the management, and staff of Adron Group, I sincerely felicitate with Your Excellency, Prince Dapo Abiodun, CON, on the occasion of your 66th birthday. Your exemplary leadership, humility, and unwavering dedication to public service remain highly commendable and inspiring. Ogun State has continued to experience substantial growth and development under your administration, while your contributions to governance and human capital development are truly noteworthy,” Aare EmmanuelKing stated.
He further offered prayers for God’s continued grace, wisdom, strength, and good health for the Governor as he continues to render selfless service to Ogun State and the nation at large.
Aare EmmanuelKing also wished Governor Abiodun many more years of impactful leadership, peace, and fulfillment in service to humanity.
Personality in Focus
Wema Bank’s One-Day MD/CEO, Chimamanda Ozoakpata, Unveils New Benefits for Children
Wema Bank has spent the last few years reimagining what Children’s Day can look like for Nigerian children.
As a result, the Bank has painstakingly evolved what started as a mere celebration into an intentional platform designed to build confidence, encourage leadership, promote financial literacy and create meaningful opportunities for children across different age groups.
This year, the bank has raised the bar even higher.
At Wema Bank’s Children’s Day Special Event held on Monday, May 25, 2026, the One-Day MD/CEO, Chimamanda Diamond Ozoakpata, used her first official act in office to unveil a series of new initiatives designed to reward, educate and empower children through our Royal Kiddies account and ALAT Xplore platform.
From year-long cash rewards and celebrations of academic excellence to financial literacy materials and STEM challenges, here are the new incentives that were announced and how to qualify:
1. Birthday Cash Gift (Royal Kiddies Account Holders) Wema bank is putting real money behind milestone birthdays. Active Royal Kiddies account holders turning 5 will receive ₦5,000, while those turning 10 will receive ₦10,000 automatically, as a birthday cash gift.
The initiative runs from May 2026 to May 2027.
Importantly, active account holders who already turned 5 or 10 before May 2026 this year will also receive their reward this month.
To qualify: Your child must hold an active Royal Kiddies account and be turning (or have turned) age 5 or 10 within the qualifying window.
2. ₦100,000 Reward for Top Common Entrance Students (Royal Kiddies Account Holders).
In a move that directly ties financial reward to academic achievement, Wema Bank will reward the top 100 students in the National Common Entrance Examination (NCEE) with ₦100,000 each. This initiative commences in June 2026.
To qualify:
Your child must be among the top 100 performers in the NCEE and hold a Royal Kiddies account.
3. Financial Literacy Book Launch – Money Adventures (Royal Kiddies Account Holders) Wema Bank officially launched Money Adventures, a financial literacy book created for children aged 6 and above, at the Children’s Day event.
Designed to make money conversations simpler and more engaging for young readers, the book introduces children to foundational concepts around saving, money management and responsible financial habits in a fun, age-appropriate way. To qualify: To receive a copy of this book, your child must hold an active Royal Kiddies account or have their Royal Kiddies account newly activated.4. Evolve School Tour STEM Challenge (ALAT Xplore Account Holders)The Bank also unveiled the Evolve School Tour STEM Challenge. Designed for secondary school students aged 13–17, the programme will run across six schools nationwide with existing STEM programmes. Through hands-on STEM competitions and school engagements, the initiative aims to promote innovation, technology awareness, financial literacy and responsible savings culture.
There will also be monetary prizes to be won at the end of the challenge.To qualify: Your child must be an ALAT Xplore customer, aged 13–17, and attend one of the participating schools with an active STEM programme.Over the last four years, Wema Bank has consistently treated Children’s Day as more than a calendar moment. From the One-Day MD/CEO initiative to school tours, leadership experiences and child-focused financial literacy campaigns, the Bank has continued to expand how it supports children meaningfully.
Yet, this is the first time the bank has included a Children’s Day initiative that runs for an entire year. Combine that with a six-figure academic reward, a published financial literacy resource, and a nationwide school tour, and it becomes clear: this is the most comprehensive, most impactful package of benefits Wema Bank has ever delivered to its youngest customers.
It signals a growing commitment by Wema Bank to create experiences for children that extend far beyond celebration and leave a lasting impact long after Children’s Day is over.
