SUNDAY 18TH DECEMBER 2022

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CBN: Cash Withdrawal Limits will Tame Electronic Fraud Says e-fraud declined by 35% in 2022 Nume Ekeghe The Central Bank of Nigeria (CBN) at the weekend said its recent policy of cash withdrawal limit would aid in curbing electronic fraud (e-fraud).

The apex bank’s Director of Payments System Management Department, Mr. Musa Jimoh, who gave this assurance yesterday in Lagos, also disclosed that as electronic payments continued to gain traction, fraudulent transactions

in 2022 declined by 35 per cent compared to last year. Speaking at the Nigeria Electronic Fraud Forum (NeFF) meeting, Jimoh said the new policy would deter criminals from defrauding innocent people because of the withdrawal

limits which would automatically trace and block such compromised accounts before the money is illegally withdrawn. He said: “As we envisage and begin to put some limits on the cash withdrawal that can happen

daily the incidence of fraud would also tame down- because right now, they steal huge amounts of money, and then at about from 2 a.m. to 3 a.m., they go to an ATM and withdraw everything. But right now, with the policy on limits,

you would not be able to take as much and the system will be able to trace and block such accounts before the money is taken away. “So, this cashless limit is also a Continued on page 5

Osinbajo, Okowa, Ortom, APC Govs, IG, Others Celebrate Buhari at 80… Page 6 Sunday 18 December, 2022 Vol 27. No 10113

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Let’s Give Peace a Chance, Abdulsalami Tells Nigerians… Page 8

APC, PDP in Verbal War over Poor Performance Claim Tinubu should apologise, says opposition party Nigerians won’t accept your lies, APC replies Atiku, PDP Former VPupbeat about securing South-east’s votes

Chuks Okocha and Adedayo Akinwale in Abuja The All Progressives Congress

(APC) and the Peoples Democratic Party (PDP) yesterday engaged in a war of words over the alleged poor performance of the ruling

party in the last seven years. While the Atiku/Okowa Presidential Campaign Council asked the presidential candidate

of the APC, Senator Bola Tinubu to show remorse and apologise for the poor performance of the APC, the ruling party condemned what

it described as the attempts by the opposition party and its presidential candidate, Atiku Abubakar to demarket its achievements, stressing

that Nigerians won’t give in to their lies. Continued on page 5

2023: Again, Buhari Assures of Credible Polls Acceptable to All Contestants Says INEC has no reason not to be ready for elections Insists no LGA is under control of Boko Haram Labour Party’s leaders, candidates no longer safe, Abure cries out Deji Elumoye and Emameh Gabriel in Abuja President Muhammadu Buhari has previewed the forthcoming general election scheduled for the first quarter of 2023 in Nigeria with a declaration that his administration would conduct a credible poll that would be acceptable to all candidates participating in the exercise. The president made this commitment on Friday in Washington DC, the United States capital, at an interactive session entitled, "A conversation with President Muhammadu Buhari of Nigeria’’, co-hosted by the United State Institute of Peace (USIP), the International Republican Institute, the National Endowment for Democracy, and the International Foundation for Electoral Systems. But despite Buhari’s assurance of credible polls in 2023, the National Chairman of the Labour Party (LP), Mr. Julius Abure, has cried out

over the killing, several assaults and harassment of the leaders, candidates and members of the party, saying there may never be hitch-free polls next year. Buhari, according to a statement issued yesterday by his spokesperson, Mallam Garba Shehu, reiterated his avowed determination to ensure the conduct of free, fair and transparent national elections in 2023, whose outcome would be largely accepted by the contestants. He stated that the Independent National Electoral Commission (INEC) has no reason not to be ready for next year’s elections, insisting also that no local government area in Nigeria is under the control of Boko Haram. He noted that the conduct of elections in Nigeria has continued to improve since 2015. “From the 2019 general election, the by-elections and the off-season Continued on page 5

Argentina, France Battle in World Cup Final...Page 70

ALL EYES ON 2023… L-R: Former Governor of Imo State, Hon. Emeka Ihedioha; National Secretary of Peoples Democratic Party, Senator Samuel Anyanwu; presidential candidate of the party, Alhaji Atiku Abubakar; and vice presidential candidate and Governor of Delta State, Dr. Ifeanyi Okowa, during the party’s presidential rally in Owerri, Imo State…yesterday


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