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Old Naira Notes: Supreme Court Adjourns Hearing to February 22 As Nine New States Join Suit

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The Supreme Court sitting in Abuja on Wednesday adjourned a hearing in the suit banning the use of the old naira to Wednesday, 22nd February 2023.

The three states filed the suit against the Federal Government seeking a restraining order to stop the full implementation of the naira redesign policy of the Central Bank of Nigeria.

In a new development, nine states have filed to join the suit initially filed by Kogi, Kaduna and Zamfara states.

The states are Katsina, Lagos, Cross River, Ogun, Ekiti, Ondo and Sokoto states bringing the new total of plaintiffs to ten.

On the other hand, Edo and Bayelsa have filed to be joined as respondents.

The 7-man panel led by Justice John Okoro ordered them to amend their processes to be heard as one.

Meanwhile, pending hearing, the old order to suspend the ban of the now older 200, 500 and 1000 naira notes subsist.

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Obi Employs Sarcasm, Mocks Tinubu on Prevailing Hardship

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Labour Party’s 2023 presidential candidate, Peter Obi, has taken a swipe at President Bola Tinubu, sarcastically praising him for fulfilling his promise to continue where former President Muhammadu Buhari left off.

Speaking during a visit to Governor Bala Mohammed in Bauchi on Thursday, Obi criticized the current administration’s handling of the economy, stating that Nigeria must now move beyond ethnic and religious politics to focus on competence and capacity.

“Tinubu promised to continue where Buhari stopped. If you look at it, Buhari left the dollar at about N400, today it is about N1,500. Rice was about N40,000, it is now over N100,000. Fuel was about N300, it is now over N1,000. I can go on and on—everything has doubled and tripled. So, he has done exactly as he promised,” Obi remarked.

Obi contrasted Nigeria’s economic performance with that of Indonesia, citing how their government transformed the country’s economy over the past decade.

“In Indonesia, a president was sworn in about the same time as another one in Nigeria. Ten years later, Indonesia moved their GDP from $800 billion to $1.3 trillion, and their per capita income from $3,000 to $5,000.

Here in Nigeria, our GDP fell from $500 billion to $200 billion, and per capita income dropped from $3,500 to below $2,000—that is the difference,” he explained.

He further emphasized the need to revive Nigeria’s industries, invest in education and healthcare, and steer the nation towards productive governance.

Obi stated that his meeting with Governor Bala Mohammed was part of a broader discussion on addressing the country’s challenges.

“We have just started discussions. You can’t consummate a marriage in one day. But the most important thing is that our thoughts are centered on issues that affect the ordinary Nigerian.

We want a Nigeria where a child of nobody can become somebody. We will eliminate the elite conspiracy that uses tribalism and religion to divide the people. We have voted for tribe and religion before; now, we must vote for competence and capacity,” Obi declared.

Governor Bala Mohammed affirmed that their collaboration transcends party lines, religious affiliations, and geopolitical interests for the betterment of Nigeria.

“Our collaboration is beyond party, religion, and personal interests. The government in power thrives on division, but we will use knowledge, strategy, and unity to build a better Nigeria,” the governor stated.

Obi’s visit signals a growing political alliance among opposition figures, with a focus on economic recovery, national unity, and leadership accountability ahead of future elections.

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Fubara Bows to Pressure, Invites Pro-Wike awmakers to Peace Meeting

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Rivers State Governor, Sir Siminialayi Fubara has extended an olive branch to lawmakers loyal to his rival, Nyesome Wike.

The governor invited the Amaewhule-led House of Assembly members to a peace meeting, following the Supreme Court’s judgement on the state’s political unrest.

The invitation was made through a letter from Dr. Tammy Danagogo, Secretary to the State Government, to Speaker Martins Amaewhule.

The meeting is scheduled for Monday at 10 am at the Government House in Port Harcourt.

The agenda includes addressing lingering issues, presenting the 2025 state budget, and discussing payment of lawmakers’ allowances.

The letter read: “I hereby write in furtherance of His Excellency’s promise stated in my letter dated 5th March 2025 to notify you that His Excellency has received the Supreme Court Judgment, and has therefore directed me to invite you and your colleagues -the Honourable members of Rivers State House of Assembly, to a meeting to discuss:-

“Provision of a befitting space for the Assembly’s sittings. Payment of all outstanding remuneration or allowances of the Honourable members. Presentation of Budget and sundry matters;

“Any other matter(s), as may be necessary, to chart the way forward in the best interest of the State. Sequel to the above, I hereby humbly invite the Rt. Hon. Speaker, and all the Rivers State House of Assembly members to a meeting with the Governor as follows.”

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Rivers Lawmaker Rejects Fubara’s Invitation for Peace Meeting

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A member of the Rivers State House of Assembly, Lolo Isaiah Opuende, has dismissed an invitation from Governor Siminialayi Fubara for a crucial meeting at the Government House, Port Harcourt, on Monday.

In an online video, Opuende stated that it was time for the governor to “dey his dey” (be on his own) while the lawmakers would do the same.

Representing Akuku-Toru Constituency 2, Opuende recalled that when the political crisis began, their principal had warned that a time would come for both sides to go their separate ways.

He also questioned the mode of invitation transmission, arguing that it is not feasible for lawmakers to honor the governor’s request.

“How can you write a letter for the House of Assembly and put it on social media and expect us to come? The governor should write us the proper way,” he insisted.

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