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Naira redesign: S’court reprimands Buhari, says president;s disobedience of court order a demonstration of autocracy

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The supreme court says the failure of President Muhammadu Buhari to obey the order restraining the federal government from implementing the deadline on old naira notes is a demonstration of autocracy.

Delivering judgment on Friday in a suit instituted by three states, the court held that the policy of the Central Bank of Nigeria (CBN) was done in breach of relevant laws.

The federal government had, in its preliminary objection, argued that the supreme court lacks the jurisdiction to entertain the matter and that the suit ought to have been filed before a federal high court.

Abubakar Malami, the attorney-general of the federation (AGF), also said the plaintiffs failed to join the CBN in the suit.

ISSUE OF JURISDICTION

Delivering an unanimous judgment, the seven-member panel held that the apex court has the jurisdiction to hear the suit.

The court held that the suit is a dispute between the federating units and the federation.

The apex court further invalidated the argument of the defendants that queried the none joinder of the CBN as a party in the suit.

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The court held that there was no need to join the CBN in the suit since the apex bank got its directive from the president.

“The CBN has no power to introduce new notes into the system without a directive of the president,” the court held.

The court cited the portion of President Buhari’s speech wherein he admitted to issuing the directive.

“A suit of this manner can only be entertained by the supreme court,” the court held.

“All the preliminary objections lack merit and are hereby dismissed.”

‘BUHARI FAILED TO CONSULT STAKEHOLDERS’

The supreme court justices agreed with the plaintiffs that the president failed to consult with relevant stakeholders before passing his directive to the CBN.

The court held that the president ought to have consulted before “exercising his executive powers of such magnitude”.

“It is obvious that the president did not consult with the council of states, the national economic council and other stakeholders including the national security council,” the court held.

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“The duty is implicit in Section 5 of the Constitution that makes the president an agent of the federation.”

‘INADEQUATE NOTICE’

The apex court also agreed that the federal government failed to give adequate notice for the implementation of the new policy.

“There is nothing to show any formal public notice issued to states,” the court held.

“The notice was given by way of press remarks. It is this press remarks the defendants relied on to say that they gave sufficient notice.”

The court said a mere press statement “cannot qualify as a notice under 20(3) of the CBN Act”.

The notice, the court held, ought to exclude the 50 days between the announcement and the unveiling.

“I hold that no reasonable notice was given. Therefore the directive is invalid and the implementation a nullity,” the court said.

CONTEMPT OF COURT

The court reprimanded the president for making a declaration on February 16 that only the old N200 note remains valid legal tender despite the interim order made on February 8.

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Owing to the disobedience to the order, the court held that the federal government ought not to be heard in the suit.

“It is not in doubt that the president refused to comply with the order of the court that the old 200, 500, and 1,000 naira notes should continue to be legal tender.

“Interestingly, there is even nothing to show that the president’s directive for the release of N200 notes was implemented.

“I agree that the first defendant ought not to be heard when the president has refused to obey the authority of this court.

“Disobedience of order of court shows the country’s democracy a mere pretension and now replaced by autocracy. This suit is meritorious.”

Consequently, the court granted all the reliefs sought by the plaintiffs.

The court also ordered that the old currency should remain legal tender until December 31, 2023.

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118 inmates escaped from Suleja prison during heavy rainfall, says NCoS

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The Nigeria Correctional Service (NCoS) says 118 inmates escaped from the Medium Security Custodial Centre in Suleja, Niger state on Wednesday, during a downpour.

In a statement on Thursday, Adamu Duza, spokesperson for the federal capital territory (FCT) command of the NCoS, said the rainfall ravaged parts of the prison.

 

He added that the command, in collaboration with security agencies, has apprehended 10 of the fleeing inmates, while raising concerns over the weak walls of the facility which he said were built during the colonial era.

 

“A heavy downpour that lasted for several hours on the night of Wednesday, 24 April 2024 has wreaked havoc on the medium security custodial centre, Suleja, Niger state, as well as surrounding buildings, destroying part of the custodial facility, including its perimeter fence, giving way to the escape of a total of 118 inmates of the facility,” the statement reads.

“The service has immediately activated its recapturing mechanisms, and in conjunction with sister security agencies, has so far recaptured 10 fleeing inmates and taken them into custody, while we are in hot pursuit to recapture the rest.

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“The service is not unmindful of the fact that many of its facilities were built during the colonial era and that they are old and weak.

 

“The service is making frantic efforts to ensure that all aging facilities give way to modern ones.”

 

He said Francis John, controller of corrections, FCT command, has called on the public to carry on with their normal activities, adding that the service is working to address the situation.

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Good morning! Here Are Some Major News Headlines In The Newspapers Today: Two Rivers commissioners resign after redeployment, tackle Fubara

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1. There appears to be no end to the political spat in Rivers State as two redeployed commissioners — Prof. Zacchaeus Adangor and Isaac Kamalu turned in their resignation letters on Wednesday. Adangor was on Tuesday moved from the Justice Ministry where he served as Commissioner and Attorney-General to Special Duties and Kamalu from Finance to the Employment Generation and Economic Empowerment ministry.

 

2. Telecom operators yesterday renewed their push for an end-user tariff hike to reflect the cost of doing business. The operators, acting under the aegis of Association of Licensed Telecom Companies of Nigeria, ALTON, and Association of Telecom Companies of Nigeria, ATCON, in a joint statement asked for a cost-reflective tariff of services.

 

3. Should the proposed Executive bill be passed, politicians found guilty of tax evasion will be barred from seeking elective offices. The plan was made known yesterday by chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele.

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4. The Economic and Financial Crimes Commission, EFCC, on Wednesday handed over 14 properties seized from some companies to the Enugu State Government. The assets were initially forfeited to the Federal Government in the course of the investigation of former governor Chimaroke Nnamani.

 

5. A Consumer Credit Scheme to put money in the pockets of Nigerians, boost manufacturing and stimulate economic growth has been rolled out by the Federal Government. Presidential spokesman, Ajuri Ngelale yesterday announced the beginning of the plan following its approval by President Bola Ahmed Tinubu.

 

6. Many filling stations were closed in Abuja and about five other states on Wednesday as the scarcity of Premium Motor Spirit, popularly called petrol, caused heavy queues at the few outlets that dispensed the product.

 

7. The Ondo Chapter of the Peoples Democratic Party, PDP, will conduct its governorship primary today (Thursday) ahead of the November 16 governorship election in the state. The party has seven governorship aspirants who will be jostling for the votes of the 627 delegates to pick the governorship ticket.

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8. The Lagos State Environmental Sanitation Corps has arrested two traders when its operatives demolished shops built around Akiogun Road, Oniru in the Eti-Osa Local Government Area of the state. This was disclosed in a post on the official X handle of the Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab, on Wednesday.

 

9. Senate President Godswill Akpabio on Wednesday called on judges to stop the misuse of ex parte orders, especially in political cases. He said it was imperative for the National Judicial Council (NJC) to exercise stringent oversight to curb the misuse of ex parte order.

 

10. Leader of the Ilana Omo Oodua, Professor Banji Akintoye has disagreed with leaders of the pan-Yoruba socio-political organisation, Afenifere, on restructuring, saying the Yoruba Nation wants self-determination not restructuring. He said this when he featured on Arise television’s ‘The Morning Show’.

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FULL LIST: Multichoice increases DStv, GOtv subscription

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Broadcasting company Multichoice has jacked up the prices of its offerings in Nigeria four months after its last increment.

 

The company reviewed prices in its packages across the board. The new prices will take effect from May 1, 2024.

 

With the latest price hike, the DStv Premium package increased from N29,500 to N37,000. Similarly, the DStv Compact+ went up from N19,800 to N25,000 while the Compact package increased from N12,500 to N15,700.

The Comfam package moved from N7,400 to N9,300. Yanga package moved up from 4,200 to N5,100 while Padi package increased from N2,950 to N3,600. HDPVR was increased from N4,000 to N5,000, the Access Fees package from N4,000 to N5,000, and XtraView moved from N4,000 to N5,000.

 

Meanwhile, the Gotv Supa+ package moved from N12,500 to N15,700, Supa package from N7,600 to N9,600, and Max package from N5,700 to N7,200.

 

While the Jolli package was jacked up from N3,950 to N4,850, the Jinja package moved from N2,700 to N3,300, and Smallie package from N1,300 to N1,575.

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It will be recalled that the company implemented an upward review of prices in December 2023, days after announcing a $72m loss in its financial statement for the third quarter of the year.

 

Checks on the company’s reviewed price list then showed a 20 per cent per cent hike in the company’s packages across the board.

 

 

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