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Naira Redesign: More States Challenge FG at Supreme Court

Published

4 weeks ago

February 22, 2023

Eric

Five more states have joined the suit challenging the naira redesign policy of the Central Bank of Nigeria (CBN).

They are Kano, Niger, Jigawa, Nasarawa, and Abia states.

Rivers state had joined when all the suits were consolidated earlier on Wednesday. Given the new additions, there are now a total of 16 states as co-plaintiffs.

The suit was initiated by Kaduna, Kogi, and Zamfara before the supreme court, seeking to restrain the federal government from giving effect to the deadline on the use of old N200, N500, and N1,000 notes.

On February 8, the supreme court restrained the CBN from giving effect to the deadline following an ex parte application brought by the three states.

Since then, other states approached the apex court to be joined in the suit.

Ondo, Ekiti, Katsina, Ogun, Cross River, Lagos, and Sokoto states subsequently joined as co-plaintiffs, while Edo and Bayelsa states joined the AGF as defendants.

At the court session on Wednesday, Emmanuel Ukala, representing Rivers, applied that the separate suit filed by the state should be consolidated with that filed by other plaintiffs.

The application was granted by a seven-member panel of the apex court.

The states are arguing that the implementation of the policy has caused untold hardship for Nigerians.

The court is still in session to hear all the motions brought by the states.

TheCable

Featured

NLC Directs Workers to Shut Down CBN Offices Nationwide

Published

11 hours ago

March 22, 2023

Eric

The leadership of Nigeria Labour Congress (NLC) has directed workers to picket all offices of the Central Bank of Nigeria (CBN) nationwide starting from next week, over the lingering cash crunch in the country.

The NLC President, Comrade Joe Ajaero, gave the directive while addressing a press conference in Abuja, on Wednesday.

The labour leader said the directive became imperative following the expiration of one week ultimatum given to the apex bank to make cash available for Nigerians.

The NLC last week gave the CBN and commercial banks a one week ultimatum to make naira notes available to workers and Nigerians.

The Congress said it would direct workers to stay at home if the apex bank fails to make the Naira notes available to Nigerians.

Featured

Presidential Election: Peter Obi Officially Files Petition at Tribunal

Published

2 days ago

March 21, 2023

Eric

The Labour Party, LP, presidential candidate, Peter Obi has officially filed petitions at the presidential election tribunal.

Obi filed the petition to challenge the outcome of the 2023 presidential election.

The former Anambra State governor lost the presidential election after he came third.

Obi trailed Atiku Abubakar of the Peoples Democratic Party, PDP, and winner, Bola Tinubu of the All Progressives Congress, APC.

But, he had faulted the process of the election that led to Tinubu’s emergence as president.

He had vowed to challenge the process that led to the outcome of the election because he was robbed of his victory.

Spokesman of the Obi-Datti Presidential Campaign, Dr. Yunusa Tanko, disclosed the submission of the petition.

“It is official the Labor Party Presidential candidate Peter OBI has filed his petition to the presidential elections tribunal in Abuja. The process of reclaiming the people’s mandate has started,” he said.

Featured

Stop Deceiving Yourself, You Selected Yourself, Not Re-elected, Falz Tells Sanwo-Olu

Published

2 days ago

March 21, 2023

Eric

Popular musician and lawyer, Folarin Falana aka Falz has tackled Governor Babajide Sanwo-Olu over his re-election as Governor of Lagos State.

The Governor in an appreciation post on his verified Twitter handle @jidesanwoolu thanked Lagosians for coming out in their numbers to seal his reelection.

However, his post did not go down well with Falz who promptly responded thus: “You were not re-elected. You selected yourself. Everybody saw it unfold. You are only deceiving yourselves.”

Recall that the Independent National Electoral Commission (INEC) on Monday declared Sanwo-Olu winner of the governorship poll having polled a total of 762,134 votes to win a second term of four years.

The Labour Party (LP) came second with 312,329 votes, while the Peoples Democratic Party (PDP) trailed in third place with 62,449 votes.