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Naira Crisis: States Seeking To Join Suit, Told To Await S’Court Decision
On Wednesday, the Supreme Court declined the requests of additional states to become involved in the lawsuit that challenges the Federal Government’s decision to outlaw the use of the old N200, N500, and N1000 banknotes as acceptable legal tender.
In a unanimous decision by a seven-member panel of Justices of the Supreme Court, all states seeking to join the lawsuit as interested parties were advised to wait for the court’s ruling on the original case, which was filed by Kaduna, Kogi, and Zamfara states in Northern Nigeria.
Justice Inyang Okoro, who presided over the panel, rejected a joinder application made by Abia State, leading to the decision to deny further requests by other states to join the lawsuit.
The Supreme Court consolidated the suit filed by Rivers State with all other pending cases challenging the Naira swap policy introduced by the Federal Government through the Central Bank of Nigeria (CBN).
The apex court consolidated all the pending suits marked: SC/CV/162/23, SC/CS/197/23, SC/CV/200/23, SC/CV/210/23, SC/CV/227/23, SC/CV/229/23, SC/CV/222/23, and SC/CV/162/23 for hearing.
Recall that the Supreme Court had previously allowed seven states, namely Lagos, Cross River, Ogun, Ekiti, Ondo, Sokoto, and Katsina (which is President Muhammadu Buhari’s homestate) to join the lawsuit initially filed by Kaduna, Kogi, and Zamfara states.
Initially, the Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, was the sole defendant cited in the case. However, the Supreme Court approved the requests made by Edo and Bayelsa states to join the lawsuit as co-plaintiffs in support of the Federal Government.
Rivers, Kano, Jigawa, and Nasarawa states argued that their case was distinct from the others, as their grievances were not limited to the Naira swap policy but also included issues with the cash withdrawal limits that the CBN permitted for corporate entities and individuals.
During the consolidation of all the cases, the Supreme Court recognized that the dispute at hand revolved around Section 20(3) of the CBN Act.
The court concluded that there was no necessity for additional states to seek permission to join the ongoing legal proceedings.
“We will no longer join any state in this matter. When we give our decision, whoever that is dissatisfied can file a fresh suit. There is still time”, the apex court held.
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”
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.
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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