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Lawyer sues CBN, seeks extension of deadline for old naira notes

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Joshua Alobo, a professor of law, has asked a federal high court in Abuja to restrain the Central Bank of Nigeria (CBN) from terminating the use of old naira notes on January 31.

In the suit marked FHC/ABJ/CS/114/2023, Alobo asked the court to issue a mandatory order, “extending the duration where the old notes cease to become legal tender to the period of three weeks when the redesign notes will be sufficiently dispensed by the commercial banks”.

The CBN, its governor, Godwin Emefiele, and Abubakar Malami, the attorney-general of the federation, were joined in the suit.

CBN had in October, announced that it would introduce a redesign of N200, N500, and N1,000 banknotes.

On November 23, the redesigned notes were unveiled by President Muhammadu Buhari.

In his 21-paragraph affidavit, Alobo said although the CBN’s decision was meant to reduce inflation and entrench a cashless society to curb money laundering and corruption, the majority of Nigerians, especially the less privileged, were yet to have access to the new notes.

He accused the commercial banks of failing to make the new notes available to their customers.

The lawyer said he was still handed the old notes on January 25 at the counter and through the automatic teller machine (ATM).

Alobo also submitted that the January 31 deadline for the usage of the old notes “is discriminatory against the rural dwellers, poor and less privileged persons in the society, as politically exposed persons are paid with the redesigned notes”.

“We concede that the policy of redesigning the currency is within the powers of the CBN, especially with the approval and endorsement of the president of the federal republic of Nigeria.

“However, the lack of necessary publicity due to the absence of the governor of CBN should be a Catholic and pentecostal factor to save the country from implosive corruption as commercial banks through various WhatsApp messages are soliciting for huge cash deposits of over N20billion at twenty percent commission.

“We respectfully submit that the dateline January 31, 2023, for phasing old Naira notes is of grave constitutional importance for the economic survival of the vast population that constitutes the entity called Nigeria.

“The percentage of persons with lower educational background and economic realities of rural dwellers and some Local Governments in Nigeria without a single bank is high,” the plaintiff added.”

The court has not fixed a date to hear the matter.

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Ododo surrenders Yahaya Bello to EFCC

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Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Yahaya Bello, former governor of Kogi state.

TheCable understands that Usman Ododo, Kogi governor, brought Bello to Abuja this morning and invited EFCC to come pick him up.

The EFCC had charged the former governor with alleged money laundering, breach of trust, and misappropriation of N80.2 billion.

In April, the commission declared Bello wanted after several attempts to arrest him proved unsuccessful.

On August 20, the court of appeal in Abuja ordered Bello to surrender himself for arraignment.

Ola Olukoyede, EFCC chairman, would later allege that Bello withdrew $720,000 from Kogi coffers to pay his child’s school fees in advance.

The anti-graft agency also filed a 19-count charge against Bello over alleged money laundering.

However, the arraignment was stalled due to the absence of the former governor.

In May, Abdulwahab Mohammed, counsel to Bello, told the court that the former governor’s whereabouts remain unknown and that he was nurturing some safety concerns.

On August 20, the court of appeal in Abuja ordered Bello to surrender himself for arraignment.

Dele Oyewale, EFCC spokesperson, had said the court’s ruling was a “vindication” of the EFCC’s stance that Bello must face trial.

Sources had told TheCable that Bello has been hiding in plain sight — holed up in the “protective custody” of the Kogi state government — since he was declared wanted by the EFCC.

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Tinubu writes reps, seeks Oluyede’s confirmation as COAS

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President Bola Tinubu has asked the house of representatives to confirm Olufemi Oluyede as the substantive chief of army staff (COAS).

Tinubu’s request is contained in a letter read by Tajudeen Abbas, speaker of the house of representatives, during plenary on Tuesday.

Tinubu said Oluyede’s confirmation is in accordance with the provision of section 218(2) of the 1999 constitution as amended and section 18(1) of the Armed Forces Act.

The president said the army chief’s contribution to the military and Nigeria makes him “well-suited” for the role.

He said Oluyede has been professional in his duties, adding that his confirmation should be done “expeditiously”.

On October 30, Tinubu appointed Oluyede as the acting COAS following the prolonged illness of Taoreed Lagbaja, the former army chief.

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Governor Nwifuru suspends health, housing commissioners

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The Ebonyi State Governor, Francis Nwifuru, has suspended the state Commissioner for Health, Dr. Moses Ekuma and his Housing and Urban Development counterpart, Francis Ori.

It was gathered that they were suspended on Monday during the State Executive Council meeting in Abakaliki, the state capital.

A statement issued by the Commissioner for Information and State Orientation, Jude Okpor, which was sighted by our correspondent on Tuesday morning, read, “Following cases of gross misconduct and dereliction of duties by some government officials and matters related thereto, the Chairman of Council directed the indefinite suspension of the Honourable Commissioner for Housing and Urban Development and three months suspension of the Honourable Commissioner for Health respectively.”

It was also learnt that the development may be connected to the alleged theft of pieces of property belonging to the Ministry of Health by its officials and the reported underperformance of the Housing and Urban Development commissioner and his shoddy handling of the Amaeze Housing Scheme in the Ishielu Local Government Area of the state.

Recall that the governor was in the health ministry’s premises on Saturday night and met a scene where six officials were caught allegedly diverting government materials.

He, therefore, ordered their arrest and eventual prosecution.

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