Headline
Naira Deadline: El-Rufai, Matawalle, Bello Take CBN, Buhari To Supreme Court
Three governors, Nasir El-Rufai of Kaduna, Yahaya Bello of Kogi, and Bello Matawalle of Zamfara—have filed an ex parte motion before the Supreme Court petition for a temporary restraining order to stop President Muhammadu Buhari’s regime and the Central Bank of Nigeria from continuing the implementation of the naira redesign policy.
The motion, accompanied by a request for an expedited hearing, seeks a declaration that the demonetisation policy of the regime is in violation of the extant provisions of the Central Bank of Nigeria Act, 2007, the Nigerian Constitution and relevant laws.
The governors also requested the court to declare that the three-month notice issued by the CBN with authorisation of Mr Buhari, wherein the older versions of the denominations will lose their legal tender status is in flagrant violation of Section 20(3) of the CBN Act 2007, which states that reasonable notice must be given.
The attorneys general of the three northern states are the motion’s plaintiffs, and Abubakar Malami, the justice minister, is the only respondent.
The plaintiffs claimed that the Buhari regime failed to fulfill its responsibility to facilitate a seamless transition from the old banknotes to the new currencies.
The plaintiffs contended that the latest extension of the deadline for submitting old notes was insufficient to remedy the numerous issues plaguing the policy, citing a severe shortage of new notes in Kaduna, Kogi, and Zamfara.
The governors said the policy’s short implementation timeline, coupled with its attendant chaos and the misery it is causing Nigerians was unacceptable.
They are also requesting a declaration from the court that, in light of the plain stipulations of Section 20(3) of the CBN Act 2007, the federal government, acting through the CBN, lacks the authority to set a deadline for accepting and redeeming banknotes issued by the Bank, with the exception of the circumstances described in Section 22(1) of the CBN Act 2007.
The suit followed the CBN governor, Godwin Emefiele’s comment over the weekend that the apex bank would not extend the deadline but would instead work with relevant stakeholders to facilitate the implementation of the policy.
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Former Chief of General Staff under General Sani Abacha regime, Lt. General Oladipo Diya has died at 78.
The news was announced in a statement issued by Barrister Prince Oyesinmilola Diya on behalf of the family.
According to the statement, the late military leader died in the early hours of Sunday.
The statement read: “On behalf of the entire Diya family home and abroad; We announce the passing on to Glory of our dear Husband,Father, Grandfather,brother, Lt- General Donaldson Oladipo Oyeyinka Diya (Rtd) GCON, LLB, BL, PSC, FSS, mni.
“Our dear Daddy passed onto glory in the early hours of 26th March 2023.
“Please keep us in your prayers as we mourn his demise in this period. Further announcements will be made public in due course.”
Late Diya was a former Chief of General Staff, under the late Gen. Sani Abacha.
He was later jailed for an alleged coup, believed to be trumped up by the late maximum ruler.
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Headline
Tinubu: ‘Big Lie, I Can’t Endorse Feb 25 Illegitimate Outcome Of Flawed Process, Atiku Clears Air
Presidential candidate of the Peoples Democratic Party, PDP, Atiku Abubakar has denied endorsing Bola Tinubu’s victory.
The All Progressives Congress, APC, presidential flagbearer defeated Atiku and Peter Obi of the Labour Party, LP, and Rabiu Kwankwaso of the New Nigeria Peoples Party, NNPP.
In a statement on Saturday, Atiku said his attention was drawn to a fake press release attributed to him, “purportedly giving legitimacy to the widely rigged presidential election”.
Atiku stressed that it did not emanate from him and should be treated with repudiation because it was contrived “by those who illegally appropriated the mandate of the people”.
The former Vice President said his lawyers still have been mandated to challenge the outcome of the February 25 poll.
Atiku reiterated his outright rejection of the “pre-determined outcome of the February 25 election” and vowed to continue to challenge the legality.
Calling it the “worst election in our democratic history”, the Wazirin Adamawa said his fight was not for personal interest but for the interest of Nigeria and its citizens.
“It is aimed at deepening democracy and ensuring that we do not confer legitimacy to an outcome of illegitimacy,” the statement added
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INEC has fixed Wednesday, March 29 to Friday March 31 as days for the issuance of Certificates of Return to governors, deputy governors-elect and states Houses of Assembly members-elect.
Chairman of its Information and Voter Education Committee, Mr Festus Okoye made the declaration in a statement issued in Abuja on Saturday.
“By the provisions of Section 72(1) of the Electoral Act 2022, the Commission is mandated to issue a certificate of return within 14 days to every candidate who has been returned elected under the law.
“Pursuant to the provision, the Commission has fixed Wednesday March 29, Thursday, March 30 and Friday, March 31 for the issuance of Certificates of Return to those elected on March 18.
“The presentation will take place in INEC offices in each state of the federation,’’ Okoye stated.
He added that specific dates for the issuance of the certificates would be communicated to those elected by the Resident Electoral Commissioners and Administrative Secretaries of the various states. (NAN).
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