Tag: Naira Redesign

It is 15 days to the general election and the nation's electoral umpire, the Independent National Electoral Commission is worried ...

#Election2023

Naira, Fuel scarcity: Asiwaju calls for calm, assures Nigerians FG working out solutions

Presidential Candidate of the All Progressives Congress Asiwaju Ahmed Bola Tinubu has once again urged Nigerians to maintain calm while ...

Malami asks Supremem court to state govt's suit challenging CBN's naira redesign policy The Attorney-General of the Federation Abubakar Malami has asked the Supreme Court to dismiss the suit filed by Three State Governments challenging the Naira Redesign policy of the Central Bank of Nigeria (CBN). In a preliminary objection filed by the AGF through his counsel Mahmud Magaji and Tijanni Gazali, the federal government argues that the Supreme Court lacks jurisdiction to entertain the suit. the AGF contends that the plaintiffs have equally not shown the reasonable cause of action against the defendant. He is asking the court to strike out the suit for lack of jurisdiction. Section 251 of the Constitution, the AGF argued that the suit falls within the exclusive jurisdiction of the Federal High Court in matters of monetary policy of an agency of the federal government. The claims or reliefs are not against the federation, but against the Federal Government and its Agency, the Central Bank of Nigeria. The Federal Government of Nigeria is distinct from the Federation or the Federal Republic of Nigeria. The Plaintiffs have no grievance whatsoever against the Federation of Nigeria. "This suit has disclosed no dispute that invokes this (Supreme) Court’s original jurisdiction as constitutionally defined,".

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AGF Malami asks Supreme Court to dismiss state govt’s suit challenging CBN’s naira redesign policy

The Attorney-General of the Federation Abubakar Malami has asked the Supreme Court to dismiss the suit filed by Three State ...

Reps Ad-hoc C’ttee to meet INEC, NSA, Finance Minister over Naira redesign

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Reps Ad-hoc Committee to meet INEC, NSA, Finance Minister over Naira redesign

The House of Representatives Ad-hoc Committee investigating the Central Bank of Nigeria's (CBN) new currency policy will meet with Dr. ...

New Naira: Emefiele denying Nigerians their fundamental rights to dignity-Oludare

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New Naira Notes: Emefiele denying Nigerians their fundamental rights to dignity-Oludare

February 8, 2023

As the struggle for new naira notes continues and tension mounts, there are fears that there might be a breakdown ...

#Election2023

Naira swap: Supreme Court restrains CBN from implementing February 10 deadline

February 8, 2023

The Supreme Court of Nigeria has restrained the Federal Government from implementing the February 10 Deadline of the old 200, ...

PROTESTERS BLOCK THE ENTRANCE OF CBN IN BENIN CITY

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Protesters Occupy CBN Entrance In Benin City

by TVCN

February 7, 2023

Some Civil Society organizations and residents of Benin city have blocked the entrance gate to the Central Bank of Nigeria ...

Nigeria News

2023 election: Message of Hope resonating with Nigerians-Seun Falaye

February 6, 2023

With Less than 20 days to the 2023 general elections, Lawyer and APC Member, Seun Falaye says it is the ...

Nigeria News

New notes: Osinbajo urges banks to deploy more FinTechs, agents to address situation

February 6, 2023

Vice President Yemi Osinbajo has advised banks to use more FinTechs and money agents to help Nigerians who are having ...

Nigeria News

IGP orders arrest, prosecution of persons selling, abusing new naira notes

February 4, 2023