Connect with us

Other News

New Naira: Peter Obi Pleads For Patience

Published

on

Peter Obi, the Labour Party (LP) presidential candidate in the forthcoming election has made a plea to Nigerians on Sunday to endure the challenges posed by the scarcity of the recently redesigned Naira notes and the broader difficulties facing the country.

He called on the public to support the Central Bank of Nigeria and the Federal Government in their efforts to resolve these issues.

On his Twitter handle, Peter Obi stressed that currency redesigns are not peculiar to Nigeria and that the current difficulties would lead to long-term economic benefits. He acknowledged that while the inconveniences are temporary, improvements could have been made in the implementation process.

Obi said, “The currency redesign is not peculiar to Nigeria. It is an exercise that comes with some inconvenience and pain but it has significant longterm economic and social benefits. Even though there are improvements that can be made.

“I urge Nigerians to bear with the CBN and Federal Government with the hope that the general populace and Nigeria will harvest the gains that will come with the reforms.

“We equally implore the CBN and the banks to expedite efforts to make the new currency available to small depositors and the unbanked in order to reduce the pains of my fellow Nigerians, especially the underprivileged and those living far away from banks in the rural areas.”

Reports indicate that many Nigerians are still struggling with the scarcity of the new Naira notes, causing widespread economic disruption due to the lack of both old and new currency. The ongoing shortage of the redesigned notes has led to numerous complaints and difficulties in daily transactions.”

Recall that,The CBN  had announced its plans to revamp the N200, N500, and N1,000 banknotes on October 26, 2022. The president officially unveiled the redesigned notes on November 23, 2022, and the CBN set a January 31st deadline for the old notes to become invalid.

Facing mounting pressure, the Central Bank of Nigeria relented last Sunday and extended the deadline for exchanging old Naira notes with the new ones until February 10, 2023. Additionally, the CBN allowed for a seven-day grace period until February 17th for returning old notes directly to the bank.

President Muhammadu Buhari promised on Friday that he would address the difficulties faced by Nigerians in obtaining the redesigned Naira notes within seven days.

This announcement came amid growing protests in cities across the country, as citizens express their frustration with the hardship and inconvenience they are facing.

 

 

 

 

 

 

Click to comment
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Other News

‘Don’t Set Nigeria on Fire’ – ADC Sends Warning to APC Over Lifu Judgment

Published

on

The African Democratic Congress (ADC) has warned the ruling All Progressives Congress (APC) against what it described as a dangerous attempt to weaken the opposition through judicial controversies, following a judgment by Justice Peter Lifu of the Federal High Court, Abuja, affecting the party’s leadership and the candidacy of former Vice President Atiku Abubakar.

The party alleged that the judgment, which reportedly sacked the Senator David Mark-led leadership and invalidated Atiku’s candidacy, was a desperate attempt to undermine the opposition and deny Nigerians the right to freely choose their leaders ahead of the 2027 general elections.

SEE ALSO: Atiku Raises Alarm Over Attacks on Sowore, ADC Governorship Candidate, Accuses APC of Intimidation

In a statement signed by its National Publicity Secretary, Bolaji Abdullahi, on Thursday, the ADC linked the timing of the judgment to the massive turnout at its presidential campaign rally in Sokoto, which took place barely 24 hours earlier.

The party claimed that the rally, which attracted thousands of supporters, had triggered panic within the ruling APC and accelerated the delivery of the judgment.

“We have reasons to believe that the judgment had long been written on this case. The Sokoto rally was simply a trigger that stampeded its delivery,” the statement read.

The ADC argued that the judgment went beyond the political ambitions of Atiku and David Mark, warning that its implications could affect thousands of candidates seeking elective positions at the local, state and federal levels.

It maintained that the development threatened the democratic rights of Nigerians and the participation of opposition candidates in the forthcoming elections.

The party also questioned the legal basis of the judgment, citing an earlier ruling by Justice Musa Liman of the same Federal High Court, delivered on July 2, 2026, in Suit No. FHC/ABJ/CS/1637/2025.

According to the ADC, the earlier judgment affirmed the legitimacy of the David Mark-led National Working Committee (NWC) and directed the Independent National Electoral Commission (INEC) to recognise the leadership.

The party argued that a court of coordinate jurisdiction cannot sit on appeal over, review, vary or nullify the subsisting judgment of another court of equal jurisdiction.

It said it would challenge the latest judgment through every available judicial process, adding that it was awaiting the Certified True Copy (CTC) to establish its precise terms, scope and operative orders.

The ADC further accused the APC of using judicial processes to frustrate opposition parties whenever they gained political momentum.

Warning against what it described as an attempt to eliminate political competition, the party said the peace and stability of Nigeria should not be sacrificed for the political ambitions of any individual or party.

“We warn the APC: do not play with fires you cannot control. The peace and stability of Nigeria are bigger than the ambition of any president or political party,” the statement added.

The party also challenged President Bola Tinubu and the APC to submit themselves to a free and fair electoral contest if they were confident in their performance and popularity.

“Nigeria belongs to Nigerians, not to the APC. The presidency is not an inheritance. If the President thinks he has performed well in office, why is he afraid of competition?” the ADC asked.

The controversy comes amid growing political activities ahead of the 2027 general elections, with the court judgment raising fresh questions about the ADC’s leadership and the status of candidates contesting under its platform.

Continue Reading

Other News

Shettima Charges New CAF Secretary to Protect Nigeria’s Interests

Published

on

Vice President Kashim Shettima has charged newly appointed Confederation of African Football (CAF) General Secretary, Samson Adamu, to protect and promote Nigeria’s interests while advancing the development of African football.

Shettima gave the charge on Tuesday at the Presidential Villa, Abuja, when he received Adamu, who was accompanied by a delegation led by the Chairman of the National Sports Commission, Shehu Dikko.

SEE ALSO: Sanwo-Olu Pledges Full Support as Lagos Prepares to Host 2026 CAF Awards

The Vice President congratulated Adamu on his appointment, describing his emergence as the first Nigerian to occupy the position in CAF’s 70-year history as a significant achievement for the country.

Conveying President Bola Tinubu’s goodwill, Shettima urged Adamu to approach his new responsibilities with integrity, diligence and a strong sense of national pride.

“The President is proud of you, Samson Adamu. Go and do a yo-man’s job. Go and promote, protect and project and preserve the interest of the Nigerian nation,” he said.

Shettima described football as an important instrument of national unity, noting that the sport brings Nigerians together irrespective of their differences.

“Anytime Nigeria plays, it tends to subsume all other identities. Football and sports generally is a source of unity for our country. What binds us together superseded whatever divides us,” he stated.

He attributed Nigeria’s achievements in sports to the quality of its people and the contributions of administrators, coaches, talent scouts and institutions responsible for identifying and developing sporting talents.

The Vice President also recalled the achievements of Nigerian football legends, including Rashidi Yekini, Austin ‘Jay-Jay’ Okocha and Finidi George, noting that their successes were supported by individuals and institutions that nurtured their abilities.

Earlier, Dikko thanked President Tinubu and the Federal Government for supporting sports development, saying the administration’s commitment had strengthened Nigeria’s international sporting profile and created opportunities for investment through sports.

He described Adamu’s appointment as a major milestone for Nigerian sports administration and disclosed that the Federal Government had approved Nigeria’s hosting of the CAF General Assembly in November and the CAF Awards in December 2026.

In his remarks, Adamu expressed appreciation to the Federal Government for its support, describing his appointment as a source of national pride.

He pledged to use his experience as CAF’s former Director of Competitions to strengthen the continental body’s administration and advance African football.

Adamu also promised to support Nigeria’s efforts to harness its football talents and maximise its potential in continental and global sports.

He was appointed CAF General Secretary on Sunday, November 1, 2026, following a recruitment exercise by the continental football governing body. He is expected to oversee CAF’s day-to-day administration.

Continue Reading

Other News

Corruption Trials: EFCC, NJI Push Specialised Judges, Digital Evidence Reforms

Published

on

Economic and Financial Crimes Commission, EFCC,

The Economic and Financial Crimes Commission (EFCC) and the National Judicial Institute (NJI) have called for specialised judges, improved digital evidence management and legal reforms to accelerate the prosecution of corruption and other financial crime cases in Nigeria.

The recommendations were contained in a communiqué issued at the end of the 8th Capacity Building Workshop for Justices and Judges, held in Abuja from October 13 to 15, 2026.

The workshop, organised by the EFCC in collaboration with the NJI, was themed “Investigation and Prosecution of Economic and Financial Crimes in a Digital Age.”

SEE MORE: EFCC Arrests Enugu Estate MD Over Alleged N128m Land Scam

According to a statement signed by the EFCC’s Head of Media and Publicity, Dele Oyewale, the workshop brought together justices and judges from across the country, alongside EFCC investigators and prosecutors, for three days of lectures and deliberations.

Participants resolved that designating specialised judges and court staff to handle corruption cases, alongside targeted training, would help address delays in the administration of justice.

According to the communiqué, delays in resolving corruption cases “will be greatly reduced by designating specialised judges and court staff to handle such cases as well as equipping such judges and courts with necessary skills through training to ensure efficient, certain and consistent application of existing laws in the administration of justice.”

The participants also called for a balance between protecting the rights of defendants and ensuring the speedy administration of justice.

They said the criminal justice system “must strike the proper balance between fairness, efficiency and legal certainty in the protection of individual rights on one hand and the speedy administration of justice, on the other hand.”

To achieve this, they recommended reviewing relevant provisions of the Administration of Criminal Justice Act where necessary.

EFCC, NJI Seek Better Digital Evidence Management

The participants called for stronger investigation standards, including improved digital management protocols, to ensure that prosecutions rely on credible and admissible evidence.

They also recommended a more coordinated approach to obtaining confessional statements, stressing that institutionalising video recording and other necessary safeguards would protect suspects’ rights and preserve the integrity of investigations.

On asset recovery, the communiqué described Non-Conviction Based Asset Forfeiture proceedings as “an effective tool for recovery of stolen assets.”

However, participants stressed that its use “must follow extant legal protocols, adherence to human rights standards and strong institutional oversight.”

They also called for procedural reforms to allow extensions of time for freezing suspected proceeds of financial crimes.

Participants Recommend AI Guidelines for Judiciary

The communiqué further called on Ministries, Departments and Agencies in the anti-corruption sector to work with the National Assembly and the Judiciary to develop governance protocols and policy guidelines for adopting and deploying artificial intelligence in the administration of justice.

Participants also urged stakeholders to familiarise themselves with existing laws and regulations governing the investigation, prosecution and adjudication of financial crime cases involving virtual assets.

These include the Investment and Securities Act (2025), the Executive Order on Virtual Assets Coordination (2026), the Rules on Digital and Virtual Assets Operations (2026) and the Proceeds of Crime Act (2022).

The workshop also highlighted the need for increased investment in digital forensic laboratories, technology infrastructure and specialised training for investigators, prosecutors and judicial officers.

Participants called for continuous training to equip judicial officers and anti-corruption agencies with the skills required to address evolving economic and financial crimes in line with global best practices.

On the use of open-source intelligence, they said investigators, prosecutors and judicial officers should treat it primarily as a source of investigative leads and corroboration, while ensuring that evidence relied upon in court complies with applicable evidential rules.

NJI, NJC Urged to Develop Certification Courses

The communiqué recommended that the NJI, working with the National Judicial Council (NJC), develop accredited certificate and diploma courses to equip judges and other relevant stakeholders with the skills required to improve justice delivery, subject to any necessary legislative review.

Participants also called for sustained coordination among stakeholders in the administration of criminal justice, particularly in sharing information on emerging trends in the investigation and prosecution of economic and financial crimes in the digital age.

They urged heads of courts to use insights from the workshop to develop policies clarifying judicial practice on the technical issues discussed.

The workshop featured nine interactive sessions covering the admissibility of confessional statements, garnishee proceedings, abuse of court processes, asset forfeiture, artificial intelligence in investigations and prosecutions, virtual asset recovery and digital forensics.

Attendees included justices of the Supreme Court and Court of Appeal, judges of the Federal High Court, State High Courts and the High Court of the Federal Capital Territory, alongside other stakeholders in the judiciary and anti-corruption sector.

Participants expressed appreciation to President Bola Ahmed Tinubu, who was represented at the workshop by Vice-President Kashim Shettima, as well as other stakeholders and organisers who contributed to its success.

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.

0
Would love your thoughts, please comment.x
()
x