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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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JUST IN: NLC To Embark On Nationwide Strike Over Naira Scarcity

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The Nigeria Labour Congress (NLC) has directed public sector workers in the country to embark on strike beginning from Wednesday next week.

Joe Ajaero, NLC president, gave the directive at an ongoing media briefing at Labour House in Abuja on Wednesday.

He also directed that affiliate unions constituting the Nigeria Labour Congress should also be on standby for picketing exercise across all branches of the Central Bank of Nigeria (CBN) nationwide.

He said the directive became imperative following the expiration of a one-week ultimatum given to the apex bank to make cash available for Nigerians.

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Lagos Airport Hotel assures customers of safety after fire incident

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The Management of the Lagos Airport Hotel Limited has allayed the fears of customers after the fire incident in one of the layover rooms in its administrative section.

The hotel’s Acting General Manager, Mrs Folashade Awe, in a statement, assured customers of their safety, as the fire incident was far from the customers’ service blocks

According to her, no life was lost as it was quickly brought under control.

“Although the cause of the fire is yet to be ascertained at the time of this report, it might likely be as a result of an electric spark,” Awe remarked.

The acting general manager claimed that the hotel operated on a high level of general safety and discipline “and wishes to correct the impression that the whole hotel was on fire”.

She reiterated that only a tiny portion of the staff layover that was isolated from the hotel service rooms was affected and the incident did not in any way affect the hotel’s daily operations.

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INEC to resume collation of results in Abia, Enugu today

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The Independent National Electoral Commission (INEC) says it will resume the collation of election results in three LGAs in Enugu and Abia states today.

The electoral body had on Monday suspended the collation of results from Obingwa LGA in Abia as well as Nsukka and Nkanu East LGAs in Enugu.

Festus Okoye, INEC national commissioner and chairman, information and voter education committee, announced the resumption of the exercise in a statement on Wednesday.

“It will be recalled that the Commission met on Monday 20th March 2023 and reviewed the conduct of the Governorship and State Assembly elections held nationwide on Saturday 18th March 2023,” the statement reads.

“Arising from the meeting, the Commission took the decision to suspend further collation of the Governorship election results in some parts of Abia and Enugu States in order to carry out a review of the collation processes in both States.

“The Commission has concluded the review. Consequently, the collation of results for the Governorship election in both Abia and Enugu States will continue today 22nd March 2023.

“The Commission appreciates the patience and understanding of the people of both states as we conclude the collation processes.”

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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