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Nigerians Await Supreme Court Ruling On Old Naira Note Deadline Suit

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

As the Supreme Court resumed hearing on Wednesday(today) for the ongoing case involving the old naira note deadline suit between several state governments and the Federal Government, a wide range of Nigerians are hopeful that the court will issue a favorable judgment that will alleviate the difficulties faced by consumers, businesses, and various professional and trade unions.

According to reports by BIZTELLERS, despite the Supreme Court’s restraining order issued on February 8 that forbade the Federal Government from implementing the February 10 deadline for exchanging old naira notes with new ones, the Central Bank of Nigeria did not change the deadline, leading to significant concerns among many Nigerians.

The Supreme Court’s restraining order came after a lawsuit was filed on February 3 by the governments of Zamfara, Kogi, and Kaduna against the Attorney-General of the Federation. Other states, including Lagos, Ondo, Ekiti, Kano, Sokoto, Ogun, and Cross River, have also joined the lawsuit as co-plaintiffs.

Last Thursday, the disagreement between President Buhari and some state governors over the naira redesign initiative escalated when the President in a nationwide broadcast extended the validity of the old N200 notes  while insisting that the old N500 and N1,000 not legal tender.

President Buhari further announced that the old N200 note will remain legal tender until April 10, 2023, but urged citizens to deposit their old N500 and N1000 notes with the central bank.

Following the president broadcast on the new naira note, the governments of Kaduna, Ogun, and Sokoto states have reiterated their stance that people within their states should continue to use old naira notes as legal tender, in adherence to the apex court’s order, until a final pronouncement is delivered on the case pending before it.

Following a meeting with 12 APC governors, the National Chairman of the All Progressives Congress, Senator Abdullahi Adamu, and the party’s National Working Committee issued a communique on Sunday calling on the Central Bank of Nigeria and the Attorney-General of the Federation, Abubakar Malami, to comply with the order of the Supreme Court regarding the old naira note deadline lawsuit.

According to report, protests stemming from a shortage of new naira notes have resulted in the deaths of at least 13 people across the country. The policy has also led to protests in at least 12 states.

 

 

 

 

 

 

 

 

 

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Dangote Cement Workers Abducted In Edo

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Gunmen believed to be kidnappers have reportedly abducted an unspecified number of employees from the Dangote Cement Company Plc in Okpella, Etsako West local government area of Edo state.

The incident occurred on Monday when the workers were traveling back to Okpella town in a staff bus after work.

According to an anonymous source from Okpella community, the gunmen ambushed the bus, emerged from the bush, halted the vehicle at gunpoint, and then took the workers into the bush.

The source added “Yes, we heard of it, they said they were in a Coaster bus coming to Okpella after work when they were kidnapped by gunmen. But, we don’t know the numbers of the workers that have been kidnapped.”

Confirmation from police authorities regarding the incident was unavailable as calls and messages to the State Commissioner of Police and the Command’s spokesperson went unanswered.

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NNPC/First E&P JV Empowers NGOs With N53.4m

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As part of its Corporate Social Responsibility (CSR) initiatives, the Nigerian National Petroleum Company Limited (NNPC Ltd) and First Exploration & Production Limited (First E&P) joint venture (JV) has donated the sum of N53 million to non-governmental organizations (NGOs) in Nigeria.

Under the JV’s Impact First Initiative, the donation, targeted towards enhancing societal welfare, would address areas such as good healthcare and well-being, quality education as well as economic growth within the nation.

Speaking during the cheque presentation ceremony, NNPC Ltd’s Chief Upstream Investment Officer (CUIO), NNPC Upstream Investment Management Services (NUIMS), Mr. Bala Wunti, expressed gratitude to First E & P for initiating the laudable programme.

Represented by the Deputy Manager, External Relations, NUIMS, Mrs. Edith Lawson, Wunti highlighted NNPC Ltd’s belief in the power of CSR, stressing that the Company remains committed to working with its partners to impact the lives of the less-privileged.

Wunti said under the initiative, projects and programmes executed include the provision of classrooms, ICT Centres, laboratories and other infrastructural intervention projects, scholarships, quiz competitions, skill acquisitions, and economic empowerment, a testimony to NNPC’s dedication to fostering sustainable development in Nigeria.

Wunti described First E & P’s foresight and leadership as commendable, adding that the partner has spearheaded the initiative towards meaningful change that will ensure a better future for all Nigerians.

Among the beneficiaries of the donation were the Irede Foundation, which provides custom-made artificial limbs to child amputees aged 0-18 and Human Development Initiative (HDI), which focuses on tackling fundamental issues of poverty, injustice, neglect, deprivation, and equality among vulnerable people.

Others were the OISA Foundation, which transforms lives through interventions in the education and healthcare sectors; Cerebral Palsy Center, which renders support to families with children with cerebral palsy as well as the Niola Cancer Care Foundation, which organises awareness talks and screens communities for colon cancer.

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Niger Speaker Plans Mass Wedding For 100 Orphans Of Bandit Attacks

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In a heartwarming gesture, Abdulmalik Sarkindaji, Speaker of the Niger State House of Assembly, has announced plans to arrange marriages for 100 female orphans who lost their parents to banditry in Mariga Local Government Area.

Sarkindaji stated that he will cover the grooms’ dowries and has already obtained all necessary items for the collective wedding event.

The selected girls were chosen from a group of 170, as part of the Speaker’s constituency empowerment project to support the underprivileged.

Sarkindaji further revealed that the Niger State Governor, Mohammed Umar Bago, and the Emir of Kontagora, Alhaji Mohammed Barau, will serve as guardians for the 100 female orphans during their collective marriage ceremony.

The event, scheduled for May 24 in Bangi, Mariga Local Government Area, will also be attended by Sheikh Aminu Daurawa, the Kano State Commander General of the Hisbah Board.

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