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Four States Join Legal Battle Over Naira Crisis

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The legal opposition against the Central Bank of Nigeria’s currency redesign policy has grown as more states join the battle against the Federal Government.

The Attorneys-General of Ekiti, Bayelsa, Sokoto, and Rivers have announced that their states will be joining the suit as co-plaintiffs, which was initially filed by the governments of Kaduna, Kogi, and Zamfara.

The growing number of states opposing the policy are rallying against the February 10th deadline for the currency swap, citing that it is causing undue hardship for their citizens.

Kano and Ondo have now joined the original three states, who filed the suit under number SC/CV/162/2023, at the Supreme Court.

This is as the Nigerian Governors Forum warned on Sunday that the crisis occasioned by the CBN policy might cause another economic recession in the country.

As a result of the legal action taken by the three northern states of Kaduna, Kogi, and Zamfara, the Supreme Court granted an ex parte order last Wednesday, prohibiting the Federal Government and CBN from enforcing the February 10th deadline for exchanging the old N1000, N500, and N200 notes.

However, the Federal Government has since taken steps to have this order vacated.

Ekiti, represented by its Attorney-General and Commissioner for Justice, Mr. Dayo Apata, SAN, filed an application on Friday seeking three specific remedies. The details of these remedies were made available to newsmen on Sunday.

The state government is seeking “leave of this honourable court (Supreme Court) to join the applicant as a co-plaintiff in this suit; an order of this court joining Attorney-General of Ekiti State as a co-plaintiff in this suit; and for such order or further orders that this honourable court may deem fit to make in this circumstance of this suit.”

The application made by Ekiti, through Mr. Dayo Apata, was based on a number of grounds, including “the acute shortage in the supply of naira notes in Ekiti State since the announcement of the policy by the Federal Government through the CBN.”

 

The state government also averred that “the directive of the Federal Government of Nigeria had affected the livelihood and had inflicted excruciating pain and hardship on all Nigerians, including citizens of Ekiti State.”

Additionally, the application argued that the directive issued by the Federal Government has had a negative impact on the revenue, levies, and taxes owed to the Ekiti State Government, as economic activity in the state has come to a complete standstill.

“Ekiti is a federating state of Nigeria and therefore has an interest in the determination of the originating summons in the suit earlier filed by the three states in the federation, having a common interest as other plaintiffs and also in the outcome of the suit, sought the leave of the court to be joined as a co-plaintiff in order to be bound by the outcome of the suit.” He said.

On Sunday, newsmen received confirmation from the Bayelsa State Government that it too would be filing a request to join the suit. The state’s Attorney-General and Commissioner for Justice, Biriyai Dambo, confirmed this in a brief response to an inquiry from a correspondent.

He said, “Yes, Bayelsa will join in the subsisting suit at the Supreme Court.”

Furthermore, there are strong indications that the Sokoto State government may also join the legal opposition against the deadline for the old naira notes.

When speaking with the correspondent, the Sokoto State Attorney-General and Commissioner for Justice, Usman Sulaiman, stated that the state may join the suit based on the resolutions made at the Nigerian Governors Forum. The commissioner added that he has already communicated his recommendation to the state governor, Aminu Tambuwal.

“There is a possibility of Sokoto State joining the suit based on the resolutions of the Nigerian Governors Forum. I have written to the governor on the next step and presently awaiting his response which will determine what to do from our end,” he disclosed.

The Rivers State Attorney-General and Commissioner for Justice, Prof. Zacchaeus Adangor, declined to provide a specific timeline but stated, “I will not give you a timeline, but when we file it, you will know.” However, the state governor, Nyesom Wike, had previously announced that the state would be joining the suit.

Regarding the interim injunction issued by the Supreme Court, Governor Wike stated that the intervention was timely as some forces were attempting to disrupt the democratic process.

He made these comments at the County State School in Emilaghan, Central Abua, during the campaign rally flag-off for the Rivers State People’s Democratic Party in the Abua/Odual Local Government Area on Wednesday.

The Lagos State Government has also expressed his readiness to join the legal battle as it is a matter of true federalism.

This was confirmed by the Commissioner for Information, Gbenga Omotosho, in response to inquiries from newsmen on Sunday.

“The Lagos State Government will likely join in the suit because it is about true federalism; it is about equity and justice. It is about everything that we cherished. It is about values. So we may likely join.”

Omotosho also said the state governor, Babajide Sanwo-Olu won’t hesitate to order the arrest of persons rejecting the old naira notes.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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! ”

ALSO READ: CSR: Dangote Cement Fuels Education With Support Projects At Lagos Schools

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.

READ MORE: JUST IN: Inflation Woes Continue As Nigerian Rates Climb To 33.88%

“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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