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Why Buhari consented to old naira deadline extension — Emefiele

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President Muhammadu Buhari, on Sunday, in Daura, approved the Central Bank of Nigeria’s request to extend the deadline for swapping of old naira notes with the redesigned notes from January 31, 2023, to February 10 2023.

Buhari also approved a seven-day grace period which runs from February 10 to February 17 2023, to allow Nigerians to deposit their old notes at the CBN after which the old notes cease to be Legal Tender.

The CBN governor, Godwin Emefiele, disclosed these to State House correspondents shortly after he met the President in his country home in Daura, Katsina State, on Sunday.

He disclosed that 75 per cent of the N2.7tn held outside the banking system had been recovered.

The governor said, “We are happy that so far, the exercise has achieved a success rate of over 75 per cent of the N2.7tn held outside the banking system. Nigerians in the rural areas, villages, the aged and vulnerable have had the opportunity to swap their old notes; leveraging the Agent Naira Swap initiative as well as the CBN senior staff nationwide sensitisation team exercise.

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“Aside from those holding illicit/stolen naira in their homes for speculative purposes, we do aim to give all Nigerians that have naira legitimately earned and trapped, the opportunity to deposit their legitimately trapped monies at the CBN for exchange.

“Based on the foregoing, we have sought and obtained Mr President’s approval for the following: 10-day extension of the deadline from January 31, 2023, to February 10, 2023; to legitimately held by Nigerians and achieve more success in cash swap in our rural communities after which all old notes outside the CBN losses their Legal tender Status.

“Our CBN staff currently on mass mobilisation and monitoring together with officials of the EFCC and ICPC will work together to achieve these objectives. A seven-day grace period, beginning on February 10 to February 17,2023, in compliance with Sections 20(3) and 22 of the CBN Act allowing Nigerians to deposit their old notes at the CBN after the February deadline when the old currency would have lost its Legal Tender status.

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“We therefore appeal to all Nigerians to work with the Central Bank of Nigeria to ensure a hitch free the implementation of this very important process for program.”

Emefiele also vowed that Nigerians found selling, abusing or spraying the new naira notes at public functions will be “sanctioned” by the Economic and Financial Crimes Commission.

He said with each note having a unique number, abused currencies can now be tracked to their users.

“For those involved in this, even if they are CBN staff members, they will be sanctioned. We will track them. Luckily, those new naira notes have trackers, we have their numbers because they have been issued.

“Once we see these numbers, we will track them and we will make public those that are involved in this business of selling new naira. Whereas, there are people who are suffering in the villages that need those new notes, we will deal with them.

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“We have passed on a few videos to the EFCC and they are going to track these people. It’s not about the CBN tracking them. It’s about the EFCC or the ICPC and independent enforcement institutions to go after them,” he said.

 

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Fubara gazettes executive order moving Rivers assembly sitting to government house

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Governor Siminalayi Fubara of Rivers state has gazetted an executive order moving the sitting of the state house assembly to the government house.

 

The executive order 001 is dated October 30, 2023.

 

The governor said the sitting of the state parliament will henceforth take place at the government house until the assembly complex, which was affected by fire in October, is renovated.

 

“That on the 29th day of October 2023, a fire incident occasioned by unknown persons burned and damaged the hallowed chambers of the Rivers State House of Assembly,” the gazette reads.

 

“That the Hallowed Chamber of the Rivers State House of Assembly in its present state is unsafe and constitutes a threat to the lives of the staff and the Honourable members of the Rivers State House of Assembly and thus not conducive for the business and proceeding of the Rivers State House of Assembly.

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“That it is expedient to carry out urgent repairs, renovation, and reconstruction of the burnt and damaged chambers of the Rivers State House of Assembly.

 

“That it is further reasonable to ensure that the business and proceedings of the Rivers State House of Assembly are not impeded and frustrated.

 

“Now therefore, I, sir Siminalayi Fubara, GSSRS, the Governor of Rivers State this 30th day of October 2023, pursuant to the powers vested in me under the 1999 Constitution of the Federal Republic of Nigeria (as amended) hereby issue, order, and direct that all proceedings and business of Rivers State House of Assembly shall temporarily take place at the Auditorium, Admin Block, Government House, Port Harcourt until the repairs, renovation or reconstruction of the chambers of the Rivers State House of Assembly are completed.”

 

The gazetting of the order comes in the wake of a renewed political crisis in the oil-rich state.

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THE CRISIS

The Rivers house of assembly has been polarised since 2023 following the rift between Fubara and Nyesom Wike, minister of the federal capital territory (FCT).

 

In December, 27 members of the assembly defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC).

 

The Rivers assembly has 32 seats. One lawmaker, Dinebari Loolo, died in September 2023.

 

In October 2023, Ehie Edison was elected speaker of the factional assembly, after his removal as house leader by members led by Martin Amaewhule — amid the plot to impeach Fubara.

 

Edison later resigned as a lawmaker to become chief of staff to the governor.

 

The lawmakers in the Amaewhule-led faction are loyal to Wike.

 

The political crisis took a new twist on Wednesday after Victor Jumbo, a lawmaker representing the Bonny state constituency, was elected factional speaker.

 

On Friday, a state high court in Port Harcourt granted an interim injunction restraining Amaewhule from acting as a speaker of the Rivers assembly.

READ  Updated: CBN orders banks to pay new Naira notes over the counter

 

Charles Wali, the presiding judge, also restrained 25 other assembly members from parading themselves as legislators.

The motion ex parte was filed by Jumbo and two assembly members — Sokari Goodboy and Orubienimigha Timothy — loyal to Fubara.

 

There are rumours that Fubara is plotting to demolish the state assembly quarters in Port Harcourt.

 

Amid the speculations, some armed police officers on Friday barricaded the two entrances to the assembly quarters.

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Good Morning! Here Are Some Major News Headlines In The Newspapers Today: Rivers crisis deepens as police take over assembly quarters

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1. The police authorities yesterday deployed about 30 armed policemen to protect the official quarters of members of the Rivers State House of Assembly on Aba Road, Port Harcourt. The move was apparently in response to an allegation by the pro-Wike factional Speaker of the House Martins Amaewhule, that the complex had been penciled down for demolition by Governor Siminalayi Fubara.

 

2. Mr. Abdulwahab Mohammed, SAN, counsel to the immediate past Governor of Kogi State, Yahaya Bello, on Friday, promised to produce his client before the Federal High Court on June 13 for arraignment in respect of the 19-count charge money laundering charge filed against him by the Economic and Financial Crimes Commission, EFCC.

 

3. The Nigerian Army yesterday pulled out 29 Generals of the Infantry Corps who retired from active military service. Out of the 29 retired infantry officers pulled out of active service at the Jaji Military Cantonment in Kaduna State, 19 were Major-Generals and 10 Brigadiers-General.

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4. Bandits have attacked two farming communities in Zamfara State where they killed at least 30 farmers, including a respected Islamic cleric. And elsewhere in Plateau, two herders and over 200 cattle were killed. Police Spokesman in Zamfara, ASP Yazid Abu Abubakar, confirmed the attacks on two local government areas of the state, but said details would be given later.

 

5. Naira has dipped from the best to the worst performing currency, according to a new Bloomberg report. This is a reversal in its recent gains, emerging as the world’s worst-performing currency after a wonderful performance last month.

 

6. Governor Siminalayi Fubara of Rivers has gazetted the Executive Order relocating the House of Assembly to the Auditorium, Admin Block of the Government House, Port Harcourt. Dated December 14, 2023, the document cited burning of the chamber of the House of Assembly as reason for the relocation.

 

7. Following protests by some Civil Society Organisations in Abuja, the Federal Capital Territory, a journalist with the Foundation for Investigative Journalism, Daniel Ojukwu, who was arrested by the Intelligence Response Team of the Inspector General of Police has regained freedom. Ojukwu regained freedom on Friday after 10 days in police captivity.

READ  BREAKING: Buhari extends validity of old N200 notes till April 10

 

8. The National Identity Management Commission on Friday said it has uncovered a syndicate of individuals posing as employees of the commission and issuing fake national identity numbers to unsuspecting Nigerians. It said some suspects have been arrested and were undergoing prosecution with relevant security agencies.

 

9. Minister of Works, Senator David Umahi, has said he is ready to face the House of Representatives probe over the controversy surrounding the N15tn Lagos-Calabar Coastal Highway road project. Umahi added that he planned to ensure the exercise was televised live for all Nigerians to see.

 

10. Kaduna State Governor, Senator Uba Sani, on Friday, received Prince Harry, the Duke of Sussex, exactly 68 years after his grandmother, Queen Elizabeth II, visited the state, on February 2, 1959. The Queen was received by the late Premier of the defunct Northern region, Sir Ahmadu Bello.

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VIDEO: Prince Harry visits Kaduna, pledges support for wounded soldiers

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The Duke of Sussex Prince Harry has visited Governor Uba Sani of Kaduna State as well as soldiers who were wounded in action as part of his activities while in Nigeria.

The prince who arrived at the Sir Kashim Ibrahim Government House in Kaduna on Friday afternoon was accompanied by some aides and top nigerian military officers.

 

While welcoming the prince, Governor Sani commended him for identifying with the Nigerian Armed Forces and supporting soldiers who were wounded in action.

The governor noted that such visits would go a long way in lifting the spirits of the brave and resilient officers and soldiers.

According to him, Prince Harry’s visit is evidence of his commitment to inspiring recovery, supporting rehabilitation, and broadening respect for the Nigerian soldiers.

On his part, Prince Harry said he is in Nigeria to use the Invictus Games which he founded 10 years ago to put smiles on the faces of wounded Nigerian soldiers and their families.

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In line with traditional hospitality, Governor Sani presented some gift items to Prince Harry and also decorated him in a traditional Hausa attire.


From the Kaduna State Government House, Prince Harry and his team visited the 44 Nigerian Army Reference Hospital to interact with wounded soldiers who are receiving treatment.

 

Journalists were not allowed into the hospital wards, but the Director of Defence Information Brigadier General Tukur Gusau explained that the visit would impact on the lives of the wounded soldiers and their families.

 

Nigeria is the first African country to join in the Invictus Games held in Germany last year with ten participants from the Nigerian Armed Forces.

Prince Harry’s visit to Kaduna came 68 years after his late grandmother Queen Elizabeth II visited the state during the time of the late Premier of Northern Region Sir Ahmadu Bello.

 

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