Old Naira note

-News/Comments, February 9, 2023

The federal government has asked the supreme court to dismiss a suit filed by three states challenging the February 10 deadline set by the Central Bank of Nigeria (CBN) to end the use of old naira notes. In a preliminary objection filed on Wednesday through his lawyers, Mahmud Magaji and Tijanni Gazali, the attorney-general of the federation (AGF) argued that the supreme court lacks the jurisdiction to entertain the matter.

The AGF contended that “the plaintiffs have equally not shown reasonable cause of action against the defendant”.

Earlier on Wednesday, a seven-member panel of the apex court led by John Okoro gave a temporary ruling in favour of a suit filed by Kaduna, Kogi, and Zamfara seeking to restrain the federal government from implementing the February 10 deadline for the use of the old naira notes.

In the ruling, the apex court temporarily restrained the federal government from banning the old naira notes, pending the determination of the suit.

In a motion ex-parte filed before the supreme court, the three states are praying the court to grant an interim injunction stopping the Central Bank of Nigeria (CBN) from ending the timeframe within which the old N200, N500, and N1000 notes will cease to be legal tender.

The plaintiffs said since the announcement of the policy, there has been an acute shortage in the supply of the new naira notes in their states.

They argued that citizens who have deposited their old currency notes have increasingly found it difficult, and sometimes next to impossible, to access the new notes for their daily activities.

Aside from the unavailability of the new notes, the plaintiffs also submitted that the notice period given by the federal government was inadequate.

However, in opposition to the suit, the AGF claimed that the suit ought to have been instituted before a federal high court and not the supreme court as done by the plaintiffs.

“The plaintiffs’ suit is about the power vested on the Central Bank of Nigeria by the Central Bank of Nigeria Act, 2007 to call in its banknotes and introduce new ones,” the notice reads.

“This suit as presently constituted falls under section 251(1)(a)(p)(q) & (r) of the Constitution (exclusive jurisdiction of the Federal High Court) by virtue of the subject matter and parties.

“The instant suit is an abuse of judicial process. That it is in the interest of justice to strike out this suit. That the plaintiffs will not be prejudiced if this preliminary objection is upheld.

“The plaintiffs have no grievance whatsoever against the Federation of Nigeria. This suit has disclosed no dispute that invokes this court’s original jurisdiction as constitutionally defined.

“This suit is an abuse of judicial process. The plaintiffs have no locus standi to institute this action. The plaintiffs have no reasonable cause of action against the defendant.”

-CABLE

( The headline was based on our editorial, not the original from Cable News)

For your interview on national issues, or article, commentary or event coverage. View our services and profile by clicking about Afrikanwatch Network and Service.+2348028592006, +2349126686480: Email us @: afrikanwatch122@gmail.com

By afrikanwatchngr@gmail.com

As a digital innovative media outfit, that is equipping its capacity with Artificial intelligence (AI) and daily happening around the globe, Afrikanwatch Network continues on the part of capacity through the its operations. Afrikanwatch was initially mcnextafrica intellectual property, until in 2017, where it modified it to Afrikanwatch Media. By 2018, it saw the need to remodify the name again to Afrikanwatch Network Communications, having expanded its coat of operations , including media consultancy and training. So far, the online news outfit provide services such as general news across board, digital publishing, communication strategy, journalism, profiling/editing, autobiography and biography writing, event coverage/live streaming, cinematography, production of synethetic photobooks, event planning and management, cyber-security ICT consultancy,Digital marketing and trainings Interestingly, all Afrikanwatch crew are experts, the editor-in-Chief, Mark Orgu, is a strategic and creative bubbling journalist, full of ideas and innovation. Sam Igiebor, is the Online special editor, who has managed the branding of the news outfit since 2015. He is also an advanced cinematographer with track records of excellence and service delivery. Innocent Samuel, is the Deputy online Editor, maintaining the site of the media outfit and providing technical support on the site. He is a trained computer expert with a certified certificate on cyber security abroad. Chidera Eke, is the acting head, News/Strategic Communications, a very committed and intelligent young lady with patriotic gesture to task and duty. Richard Ibu, is the Afrikanwatch administrative head of planning and execution, Sunny Atam, is the Afrikanwatch senior Consultant on new Media development and strategies, Ifeoma Njoga, is the administrative secretary, whose prowess has continued to give the news outfit commendations. Barr. Festus Ejike Nwafor, is the Abuja consultant and Deputy legal adviser while Mr. Gbenga Ojo is the Abuja correspondent. Mr. Seun Shode is the head, Design and printing, whose skills has remained a reference point in most of Afrikanwatch publications and jobs. Afrikanwatch Network has been able surround itself with men and women of values, who continued to play advisory editorial roles, they include, Mr. Joe Ejiofor, Deputy Registrar, Yaba College of Technology, Dr. Oby Modebelu, of the University of Lagos, Ms. Buchi Odiatu, a motivational speaker, who is instrumental to the establishment of Afrikanwatch as a full blown media outfit, Philip Eju, a Nigerian-Mauritian base Engineer, and Engr. Isaac Eju. They have continued to provide administrative support and conflict resolution among the crew. The media outfit grandmentors and Patrons including, Sen. Athony Adefuye, Prince Lateef Fagbemi, SAN, Prof. Olatunde Babawale, Prof. Timothy Atte, Prof. Andrew Obafemi, Prof. Solomon Akinboye, Dr. (Mrs) Felicia Agubata, Mrs. A.S. Anyafulu, Amb. Chief (Dr) Nzeribe Okegbue JP, Amb. (Dr) David Eke Solomon, Mr. Sam Omatseye, Chief (Barr) Benson Ndakara, Chief (Dr) Sunday Ovba, Mr. Dennis Amachree, MON, Dr. Kabir Adamu, Engr. Williams Metieh, Col. Barr. Yomi Dare rtd among others. These personalities continue to play vital roles towards the growth and development of Afrikanwatch Network. ADVISORY BOARD 1. Amb. Chief Nzeribe Okegbue Ph.D, JP, (Chairman) 2. Prof. Solomon Akinboye (Member) 3. Prof. Andrew Obafemi 4. Mr. Dennis Amachree, MON 5. Dr. Kabir Adamu 6. Dr. (Mrs) Obiageli Modebeli 7. Engr.( Mrs) Felicia Agubata, Ph.D

8 thought on “Old Naira note deadline: Supreme Court lacks the power to entertain such matter-FG, as it wants total dismissal  ”

Leave a Reply

Your email address will not be published. Required fields are marked *

x  Powerful Protection for WordPress, from Shield Security
This Site Is Protected By
Shield Security