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Governors direct states to join suit against FG over naira swap

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Ahead of Wednesday’s sitting of the Supreme Court to decide on the naira redesign policy of the Central Bank of Nigeria (CBN), the Nigeria Governors’ Forum (NGF) has urged its members to support the legal battle on the policy against the Federal Government at the apex court.

In a communiqué issued on Sunday, after its meeting on Saturday in Abuja, the NGF directed Attorneys General of the 36 states to review the suit at the Supreme Court with a view to consolidating the legal reliefs pursued by states.

The case was originally instituted by governments of Kaduna, Kogi and Zamfara states before Kano, Niger, Ondo and Ekiti states joined the suit last week.

Rising from the meeting, the governors said the country is at risk of recession, which will be the result of CBN’s naira exchange policy.

In the communiqué signed by NGF chairperson and governor of Sokoto State, Aminu Tambuwal, the governors, across party lines, criticised CBN over the handling of the policy, adding that the resulting naira scarcity is causing hardship for Nigerians.

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They accused the apex bank of conducting a ‘currency confiscation’ programme that is causing suffering for Nigerians. The governors also called “for the halting of CBN’s plan to end the use of the old currency notes after two deadlines failed to end naira scarcity across the country.

“The argument by CBN for what it describes as the astronomical increase in the currency in circulation as the basis for this policy is not supported by its own data.

“According to CBN, the currency in circulation increased from N1.4 trillion in 2015 to N3.23 trillion in October 2022. CBN appears not to have taken into consideration the increase in the size of the country’s nominal GDP over this period, the doubling of consumer prices, rising population and the impact of the humongous Ways & Means advances to the Federal Government by CBN over this period.

“In the circumstances, it is safe to draw either of two conclusions – the CBN data may be incomplete or in fact, Nigerians may have done exceptionally well in the transition to a cashless economy.

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“In addition, considering the sizeable informal sector in the nation, the amount of banknotes created in exchange so far by the CBN implies it vastly underestimated the economy’s actual cash needs.

“The inability to use the new notes has had far-reaching economic effects, leading to the emergence of the naira black market, severe food inflation, variable commodities prices based on the method of exchange, and long queues as well as crowds around Automated Teller Machines (ATMs) and banking halls across the country. The country runs the risk of a CBN-induced recession.

“It is our considered view that what CBN is at present pursuing is a currency confiscation programme, not the currency exchange policy envisaged under S20(3) of the CBN Act, 2007. Currency confiscation in the sense that the liquidity provided to the general public is grossly insufficient due to the restrictions placed on the amount that can be withdrawn regardless of the amount deposited.”

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The governors’ stance comes amid suffering by Nigerians who have found it difficult to access cash for their daily transactions. The currency scarcity is a product of CBN’s decision to redesign the notes of the three largest naira denominations: N200, N500 and N1,000.

The governors, therefore, “called on the Federal Government and CBN to respect the rule of law and listen to the voice of reason expressed by Nigerians and other stakeholders, including the Council of State, before the damage to our economy becomes too great to fix by the next administration.”

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Good morning! Nigerian Newspapers Headlines: ADC appeals ruling sacking Mark-led leadership, cautions INEC

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1. The African Democratic Congress (ADC) has taken its battle against the Federal High Court judgment nullifying the David Mark-led leadership of the party to the Court of Appeal, asking the Independent National Electoral Commission (INEC) not to take any consequential action while the legal challenge is pending.

The party says it has filed a notice of appeal against the judgment delivered on November 5, 2026, by Justice Peter Lifu, alongside an application seeking to suspend its execution pending the determination of the appeal.

2. President Bola Ahmed Tinubu on Friday approved the elevation of Akwa Ibom State’s airport to international status and threw his weight behind the proposed Ibom Deep Seaport, a major boost to the state’s economic and infrastructure ambitions. The President announced the airport approval during his visit to the state, following a formal request from Governor Umo Eno, and expressed support for the deep seaport project as a strategic investment capable of transforming the state’s maritime trade and industrial landscape

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3. The National Agency for Food and Drug Administration and Control, on Friday, warned patent medicine dealers in Imo State against selling lethal, counterfeit and expired drugs to unsuspecting members of the public. NAFDAC’s Director-General, Prof. Mojisola Adeyeye, issued the warning in Owerri during a sensitisation workshop on pharmacovigilance and drug distribution safety.

4. The Minister of the Federal Capital Territory, FCT, Nyesom Wike, has urged Rivers State residents to re-elect President Bola Tinubu in 2027. Wike said Tinubu deserved another four-year term for bold reforms and achievements in critical sectors, including removing the fuel subsidy, increasing allocations to states and local governments, improving university stability, and proposing the establishment of state police.

5. The Abia State Police Command has arrested suspects linked to the October 17 attack on Uratta Divisional Police Headquarters, rescued 10 stolen children, and recovered 15 firearms and 30 stolen vehicles in a major security crackdown across the state. The Command also disclosed that it arrested 109 suspects, comprising 89 males and 20 females, in connection with 211 criminal cases recorded between September 11, 2026 and November 6, 2026.

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6. President Bola Ahmed Tinubu was back on the campaign trail yesterday, firing broadside at former vice president Atiku  Abubakar and the presidential candidate of the Nigeria Democratic Congress (NDC), Mr. Peter Obi. President Tinubu, addressing hundreds of thousands of supporters at the Godswill Akpabio International Stadium, Uyo, Akwa Ibom State, dismissed both men as lacking the leadership qualities required to rule Nigeria.


7. The Kebbi State governorship candidate of the African Democratic Congress, Abubakar Malami, has condemned alleged attacks, intimidation and destruction of property during the party’s presidential campaign flag-off in Birnin Kebbi. Malami also called for an impartial investigation into the demolition of the Malami Pressure Group headquarters along Sani Abacha Bypass, Birnin Kebbi, describing the incident as one that raises concerns about democratic freedoms.

8. A retiring Justice of the Supreme Court, Justice Uwani Musa Abba Aji, said on Friday that a United States travel ban imposed on a seven-member panel of the apex court remained in force. She attributed the ban to what she described as the misinterpretation of a judgment delivered by the panel. She, however, did not mention the particular contentious case.

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9. The Kano high court has sentenced Umar Auwalu, and Yakubu Dayyabu to death by hanging for the murder of Fatima Abubakar, a 35-year-old woman, and her six children at Dorayi Chiranchi quarters in Kano.
Nasiru Saminu, the presiding judge, convicted the two men on Friday of a nine-count charge bothering on conspiracy, culpable homicide, and armed robbery.



10. Troops of the Joint Task Force North West, Operation Fansan Yamma, have arrested a suspected notorious terrorist in Kagarko Local Government Area of Kaduna State. The troops also intensified clearance operations against terrorists and dismantled several hideouts in Zamfara, as part of efforts to rid the region of criminal elements.

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Akwa Ibom will deliver over 2m votes for Tinubu — Akpabio

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Senate President Godswill Akpabio on Friday said President Bola Tinubu will secure more than two million votes in Akwa Ibom state in the 2027 elections.

Akpabio made the promise during the All Progressives Congress (APC) presidential rally in Uyo, the Akwa Ibom state capital.

He said more than two million registered voters in Akwa Ibom have collected their permanent voter cards (PVCs).

“We are united for progress; we are united in love for the president and for the APC,” Akpabio said.

“Let me make a quick correction, the DG of the campaign said we have 3.2 million registered voters, and he said about 1.8 million have collected their PVCs. Can I correct him? Over two million people have collected their PVCs.

“So, how many votes are we projecting for President Tinubu? Two million votes. And two million votes he will have.

“We don’t play tricks in Akwa Ibom, we deliver as it should be delivered. So, the DG of the campaign, my people are prepared to vote the president back to Aso Rock with over 2 million votes.

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“On behalf of my colleagues who are here, distinguished senators of the Federal Republic of Nigeria, I’m very proud of the governors of the south-south.”

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Tinubu lands in Akwa Ibom for APC rally, commissioning of projects

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President Bola Tinubu has arrived in Uyo, Akwa Ibom State, to attend an All Progressives Congress (APC) political rally as well as the inauguration of several projects executed by Governor Umo Eno’s administration and .

The President arrived in the state on Friday alongside his wife, Remi Tinubu, and was received by Governor Eno, Vice President Kashim Shettima, government officials and other dignitaries.

Tinubu’s visit is expected to feature the commissioning of key infrastructure projects across the state, including facilities at the Victor Attah International Airport.

The President is scheduled to inaugurate the airport’s new international terminal building, international airport hospital and Ibom Aviation Village.

Other projects lined up for commissioning include the Airport-Okopedi Road, which connects communities in Nsit Atai and Okobo Local Government Areas, and Ring Road 3, linking Idoro Road to Ikot Ekpene Road through Uyo and Ibiono Ibom.

The AKWA-GIS Office Complex, Command-and-Control Centre and ARISE Palm Resort are also among the projects scheduled for inauguration.

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The President’s visit was earlier announced by his Special Adviser on Information and Strategy, Bayo Onanuga, in a statement on Thursday.

Onanuga said the President would commission the projects before participating in a political rally organised by the APC in the state.

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