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Supreme Court Adjourns Hearing On Naira Crisis
The Supreme Court of Nigeria, sitting in the capital city of Abuja, has postponed a hearing in a case brought by three states against the Federal Government.
The states are seeking an injunction to halt the full implementation of the Central Bank of Nigeria’s policy to redesign the naira currency.
In a recent development in nine additional states have requested to join the original lawsuit filed by Kogi, Kaduna, and Zamfara states.The states are Katsina, Lagos, Cross River, Ogun, Ekiti, Ondo, and Sokoto, making the total number of plaintiffs ten.
However, two states, Edo and Bayelsa, have applied to be joined as respondents in the case.
The case will be heard by a seven-member panel, with Justice John Okoro leading the proceedings, and the plaintiffs have been ordered to amend their documents to be presented as a single group.
While the legal case is pending a hearing, the previous order to suspend the ban on the 200, 500, and 1000 naira notes remains in effect.
According to a report by BIZTELLERS, a seven-member panel of the Supreme Court recently issued a unanimous ruling granting an interim injunction that prevents the Federal Government from implementing the Central Bank of Nigeria’s (CBN) deadline of February 10 for the replacement of old naira notes with new ones.
This ruling came in response to a motion ex-parte filed on February 3rd by three northern states – Kaduna, Kogi, and Zamfara – who sought to halt the implementation of the CBN’s policy, and were granted the interim injunction by the seven-member panel of the Supreme Court.
Prior to Wednesday’s hearing, BIZTELLERS reported that the Presidency had stated that neither the government nor the CBN had made a decision regarding the continued use of the old 200, 500, and 1000 naira notes as legal tender, since the case was still under consideration in the supreme Court.
Garba Shehu, the Senior Special Assistant to the President on media and Publicity, said the FG would make its position on the new naira policy known after the determination of the suit on Wednesday.
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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