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Naira Redesign Policy: Why Supreme Court Might Dash Hopes

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Those celebrating victory over the Supreme Court’s ruling, adjourning the enforcement of the stripping of the redesigned Naira notes of legal tender status, should think again.

Those who know have come out to explain that the apex court cannot be a primary court and those who acted the drama would have done so to sooth the nerves of cronies.

A legal luminary, Mike Ozekhome, has explained that the order of the Supreme Court, restraining the Federal Government, the Central Bank of Nigeria (CBN) and all other actors in the theatre of naira redesign, was made to preserve the subject-matter for proper legal consideration and dispensation of justice.

He offered the explanation in a Channels Television programme, monitored by Biztellers, in Lagos on Wednesday.

According to him, the apex court gave the judgement so as to prevent the subject matter of the suit from being truncated. The Supreme Court merely created a window for the hearing of the matter for proper judicial interpretation and intervention.

Ozekhome said, “The Supreme Court has not decided the matter. All it has done is to fall back to a decision like Kotoye vs CBN, that in matters of extreme urgency, you can grant an interim order, even if it be an ex-parte, to prevent the subject matter of the suit being truncated.

“If, for example, the Supreme Court, did not make that order, and the only order existing is that of the High Court, it means that the CBN, by 10th of this month, will stop the use of all old notes.

“But what the Supreme Court has said is, ‘Just wait, let us listen to you people,’ not that it has decided that Zamfara, Kogi and Kaduna states have any valid case that is actionable because the action is already being challenged with a preliminary objection.

“It is another way of saying, ‘Let us first drive away the fox before we blame the fowl for wandering too far into the forest’.”

Elucidating on why this had to be the case, he explained that other lower courts could not interfere when decisions were being debated at the apex court.

“Notwithstanding the fact that a high court or Federal High Court had granted an order telling the CBN, ‘You can stop this naira swap policy on the 10th of February as you have decided to do’, the Supreme Court today said, ‘Hello? Don’t do that! Allow it to continue. Come back on the 15th of February and let us hear you people’,” he added.

NEWS

Kano Businessman’s Daughter Kidnapped After ₦8m Ransom Payment

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In a shocking incident on Sunday morning, unknown gunmen suspected to be kidnappers invaded the home of Alhaji Auwal, a prominent businessman, in Garo Town, Kabo Local Government Area of Kano State.

The gunmen, estimated to be around 10 in number, forced their way into the residence, breaking down a door to gain entry.

An anonymous source revealed that the attackers were heavily armed, with three carrying firearms and the rest wielding other weapons.

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They quickly gathered the entire family in one room, instilling fear and panic in the household.

According to the source, Alhaji Auwal pleaded with the assailants to spare his family and agreed to meet their demands.

The kidnappers, who were determined to extort money, received ₦8 million from the family.

Despite this payment, the gunmen took the businessman’s eldest daughter, Zainab, a secondary school graduate, before fleeing the scene.

The whereabouts of Zainab remain unknown, and as of now, the kidnappers have not contacted the family.

This abduction comes just 48 hours after the tragic kidnapping and subsequent murder of former Gombe State Permanent Secretary, Atiku Mu’azu, who was killed by gunmen after a ₦10 million ransom was paid.

The two incidents have left the residents of Kano in shock and fear, prompting calls for increased security measures in the area.

Attempts to reach the spokesperson for the Kano Police Command, SP Abdullahi Haruna, for comment were unsuccessful as his phone remained unreachable.

Authorities have yet to make any official statements regarding the investigation.

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International News

Colombia Blocks US Deportation Flights Over Migrant Treatment

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In a bold move, Colombian President Gustavo Petro declared on Sunday that he would not allow US deportation flights carrying Colombian migrants to access his country’s airspace.

The left-wing leader took to X (formerly Twitter) to express his strong stance, stating, “The United States cannot treat Colombian migrants as criminals. I forbid entry to our territory to US planes carrying Colombian migrants.”

Petro made it clear that such flights would only be accepted once Washington established a protocol to ensure the “dignified treatment” of deported migrants.

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The president later confirmed in a separate post that he had already turned back US military planes that were en route with Colombian migrants on board, although he did not provide further specifics on the matter.

While AFP sought confirmation from US authorities regarding the blockade of deportation flights, no immediate response was forthcoming.

Petro’s statements come just a day after Brazil’s government voiced similar outrage over the treatment of deported Brazilians.

Brazil condemned the US administration under President Donald Trump, citing instances where Brazilian migrants were deported while handcuffed on flights, describing it as a “flagrant disregard” for their basic rights.

In his remarks, Petro emphasized that he would be open to allowing civilian US flights to transport deported migrants as long as they were not subjected to treatment “like criminals,” signaling a broader call for humane treatment of migrants under international deportation policies.

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NEWS

Four Dead, Many Injured As Explosion Rocks Niger State Mining Site

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An explosion at a mining site in Sabon Pegi, Mashegun Local Government Area of Niger State, claimed the lives of four individuals and left several others injured on Sunday morning.

The blast occurred as miners resumed operations, sending shockwaves through the community.

While the exact cause of the explosion remains undetermined, local residents have pointed to the poor handling of explosive devices by mining companies as a possible factor.

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The incident has sparked concerns about safety practices within the mining sector.

Community sources confirmed the recovery of four bodies, but authorities fear the death toll could rise.

Investigations are ongoing to establish the cause of the blast and assess the full extent of the damage.

One resident, Aminu, described the chaos that followed the explosion. “The sound was so loud that many of us thought it came from the hydroelectricity dam nearby. People panicked and ran into the bush for safety,” he recounted.

Another community member highlighted the potential role of mining operations in the tragedy.

“Mining companies here frequently use explosives during their activities, and this seems like an operational issue, not something related to terrorism,” the resident said, dismissing concerns about a security threat in the area.

As of the time of reporting, neither the state government nor security agencies have released an official statement regarding the explosion.

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