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New Naira: Supreme Court Adjourned Judgment

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CBN Should Have Engaged Snapchat, Nigerians React To New Naira Notes

The verdict in the case challenging the new naira policy was adjourned by the Supreme Court on Wednesday and is now scheduled to be announced on March 3, 2023.

During the hearing on Wednesday, the lawyer representing the Federal Government, Kanu Agabi, informed the Supreme Court that all the requested remedies in the case are based on Section 20 of the CBN Act..

Agabi also contended that the Supreme Court lacks jurisdiction to hear the lawsuit, since an Originating Summons cannot initiate such an action.

Furthermore, Agabi argued that the plaintiffs did not include the CBN as a respondent in the lawsuit, even though they referred to the apex bank 32 times in their Originating Summons and seven of the requested reliefs pertained to the CBN.

He also claimed that Nigerians were already rejecting the old notes as per the President’s directive.

Agabi also maintained that the President’s directive for Nigerians to deposit their old naira notes at the designated CBN centers was in compliance with the court order.

He further argued that the Constitution grants Buhari the power to veto any legislation.

Recall that the Supreme Court’s had order on February 8 to halt the Federal Government’s plan to exchange old naira notes for new ones by the February 10 deadline, the Central Bank of Nigeria (CBN) did not extend the deadline.

Zamfara, Kogi, and Kaduna state governments filed a lawsuit on February 3 against the Attorney-General of the Federation, which led to the issuance of an injunction by the Supreme Court.

 

 

 

 

 

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Musa Joins Jaiz Bank As Ambassador

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Super Eagles Captain, Ahmed Musa has been signed up by Jaiz Bank as a brand ambassador.

An elated Musa made the disclosure in a statement on his verified handle on micro-blogging site, X on Thursday.

The Kano Pillars striker urged his fans to troop to Jaiz Bank to do business for trusting him with the new role.

He exclaimed, “And to my amazing fans – if you want to support me, make sure to head over to Jaiz Bank and open your accounts with them today! ”

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He wrote, “✨Alhamdulillah✨ I am SO excited to announce that I’ve officially joined Jaiz Bank as their newest ambassador! 🎉💼
“A huge thank you to @JaizBankNG for trusting me and allowing me to be a part of this amazing journey! 🙏🏼💚 It’s an honor to represent a brand that believes in growth, security, and financial empowerment.

“I can’t wait to share all the incredible things we’ll be doing together! 🚀💡
And to my amazing fans – if you want to support me, make sure to head over to Jaiz Bank and open your accounts with them today! Let’s grow together! 💪🏼🔑

“@JaizBankNG is a non interest Financial institution poised with a mission to make life better through ethical Finance. 👌👌”

#NewBeginnings #BankWithJaizBank #PartneredUp #TeamJaizBank”

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Kenya Celebrates First Lady Rachel Ruto’s 56th Birthday

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On November 20, 2024, Kenya’s First Lady, Rachel Ruto, celebrated her 56th birthday and her husband President William Ruto publicly expressed his love and appreciation for his wife on this special day, wishing her well.

The birthday celebrations were marked by an outpouring of goodwill from political figures, media, and citizens across Kenya, who praised her for her grace, leadership, and significant contributions to society, particularly through initiatives like the Joyful Women Organisation, which aims to empower rural women.

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The day was characterized by a collective acknowledgment of her role as a national figure dedicated to community upliftment.

In a heartfelt message, President William Ruto took to social media, writing, “Happy birthday my love, @MamaRachelRuto. Continue being a blessing to me and our children. Mungu akubariki sana,” which translates to “God bless you abundantly.”

Other prominent leaders also extended their wishes to the First Lady, with Anne Waiguru, EGH, OGW, Governor of Kirinyaga County, tweeting, “Happy Birthday First Lady,” further showing the respect and admiration for Rachel Ruto’s leadership and impact.

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Gas Explosion in Katsina Filling Station Damages Six Vehicles

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A gas cylinder explosion at a filling station in Jibia Local Government Area of Katsina State has resulted in significant damage to six vehicles, according to a statement from the Katsina State Police Command.

The command’s spokesperson, Abubakar Sadiq-Aliyu, confirmed the incident, which occurred on Friday, November 15, 2024.

He explained that a loud explosion alerted police operatives from the Jibia Divisional Police Headquarters. Responding promptly, the Divisional Police Officer led a team to the site, supported by military personnel.

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“Upon arrival, operatives found a truck loaded with gas cylinders engulfed in flames at Tamal filling station, along Kagadama-Magamar Jibia Road,” Sadiq-Aliyu stated. The joint team acted swiftly, deploying measures to protect lives and limit property damage. Their efforts successfully extinguished the fire.

The spokesperson added, “Six motor vehicles were significantly affected by the fire incident, but fortunately, no life was lost.”

State Commissioner of Police, Aliyu Abubakar-Musa, has directed a thorough investigation to determine the cause of the explosion. Updates on the findings will be provided as investigations progress.

This incident highlights the need for heightened safety measures at gas filling stations to prevent such occurrences.

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