News
JUST IN: Parties Threaten Election Withdrawal If CBN Shifts New Naira Deadline
Published
3 years agoon
By
Editor
Thirteen political parties out of the 18 political parties in Nigeria on Monday threatened to withdraw from participating in the 2023 general elections slated for February 25 and March 11, if the Central Bank of Nigeria extends the deadline of February 10 for naira swap.
The parties have declared that they won’t be participating in the elections if the new deadline of February 10, 2023 is shifted again.
The coalition of chairmen of the political parties, who commended the President, Major General Muhammadu Buhari (retd), on the redesign of the N200, N500 and N1,000 banknotes, insisted that the policy must stand.
The parties also knocked the Kaduna, Kogi and Zamfara state governments for heading to the Supreme Court to get court injunction to extend the deadline for the validity of three old notes.
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The National Chairman of the Action Alliance, Kenneth Udeze, who briefed pressmen, said, “We hereby announce that at least 13 out of the 18 political parties in Nigeria will not be interested in the 2023 general elections and indeed we shall withdraw our participation from the electoral process if this currency policies are suspended or cancelled or if the deadline is further shifted.”
The PUNCH reported on January 29, two days to the former January 31 deadline, that the CBN extended the deadline for the swapping of old naira notes with the redesigned notes till February 10, 2023, after bowing to pressure last Sunday following many pleas from Nigerians across different walks of life.
However, the governments of Kaduna, Kogi and Zamfara state have dragged the Federal Government to the Supreme Court, seeking a restraining order to stop the full implementation of the naira redesign policy initiated by the Central Bank.
In the suits as plaintiffs are the three attorney generals and commissioners of justice for the three states, while the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, is the sole respondent.
The three northern states in a motion ex-parte are urging the court to grant them an interim injunction stopping the Federal Government either by itself or acting through the CBN, the commercial banks or its agents from carrying out its plan of terminating the February 10 timeframe within which the now older versions of the 200, 500 and 1000 denominations of the naira would cease to be legal tender.
The CBN on October 26, 2022 had announced its plan to redesign the three banknotes. The president subsequently unveiled the redesigned N200, N500 and N1,000 notes on November 23, 2022, while the apex bank fixed January 31 deadline for the validity of the old notes.
President Muhammadu Buhari had assured Nigerians on Friday that in seven days time from then, he would address the woes associated with accessing the redesigned notes, promising to resolve the crisis within the stimulated time.
READ ALSO: New Naira: Emefiele Deceived Buhari, Says Oshiomhole
This is as protests have broken out in various cities across the country, with many angry about the pains and hardship citizens are being subjected to in order to have access to the new notes.
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News
Police Urge Bauchi Residents To Remain Calm Amidst Soldier’s Death In Bauchi
Published
13 hours agoon
August 29, 2025By
Editor
The Police in Bauchi state has called on all the residents of the state to remain calm after a soldier was shot dead by a police officer in the state.
CSP Ahmed Wakil, the Police Public Relations Officer (PPRO) made the call on behalf of the Commissioner of Police in the state, Sani Omolori-Aliyu.
According to him, Inter-agency security forces have initiated a thorough investigation into the circumstances surrounding the unfortunate incident which led to the death of the soldier.
The PPRO recalled how a blogger narrated the incident that a member of the Nigerian Army attached to 33 Artillery Brigade was fatally shot while attempting to intercept a truck suspected of transporting solid minerals from an illegal mining site in Futuk, Alkaleri Local Government Area of the state by a mobile police Inspector on illegal duty.
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“The blogger also said that the incident occurred on August 25 at about 7:50 p.m. when personnel from the 33 Artillery Brigade, Bauchi, purportedly stopped a truck with the registration number Gombe 676-BLG at a checkpoint in Futuk village.
“The report further added that the truck driver refused to comply, prompting the Guard Commander, Master Warrant Officer, Ali Haruna, now deceased, to pursue the vehicle with his team on motorbikes until they managed to intercept it.
“That upon stopping the truck, Inspector Yusuf Ibrahim, a mobile police officer, exited his vehicle and opened fire on the Guard Commander, striking him in the abdomen.
“The blogger added that the soldiers at the scene overpowered the policeman and disarmed him. The injured officer was transported to the Gombe Specialist Hospital for urgent medical attention, but tragically succumbed to the gunshot wound,” said the PPRO.
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He however, explained that preliminary investigations, revealed that the truck is associated with Guruje Mining Company Limited and ZURFI Company Limited, which possessed valid legal licenses in Gwana, Alkaleri LGA.
He said that this authorisation pertained to the extraction of lead and zinc minerals, which was obtained from the Mining Cadastre Office, Federal Republic of Nigeria, effective from 12th May 2023.
Wakil added that the companies have complied with all mining operational protocols of the Nigerian Minerals and Mining Act of 2007 and possessed a certificate of incorporation pursuant to the Companies and Allied Matters Act of 2020.
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“The mobile police officers attached to these companies were formally requested and approved to provide security for the safety of expatriate workers and fulfil other security responsibilities associated with the company. Inspector Yusuf Ibrahim was among those assigned to this duty.
“The company successfully extracted a substantial quantity of lead and zinc minerals, which were proposed for export, and relevant fees as revenue paid to the Federal Ministry of Mines and Steel Development, referenced by RRR code 3212-7561-4841.
“The Bauchi state Police command has constituted an investigation team of experienced detectives in collaboration with the Nigerian Army military police and are tasked with collecting and assessing all relevant information surrounding the incident’s remote and immediate causes,” Wakil said.
News
How Becoming Bank Manager At 27 Changed My Life, Tony Elumelu Urges Trust In Africa’s Youths
Published
14 hours agoon
August 29, 2025By
Editor
Prominent African businessman and philanthropist, Tony Elumelu, has reflected on the defining moment of his early career when he was appointed a bank branch manager at just 27 years old.
In a post shared on his LinkedIn page on Tuesday, Elumelu recounted how his appointment at AllStates Trust Bank changed the trajectory of his life and shaped his passion for empowering young people.
“When I was 27, I was given the opportunity of a lifetime: I became a branch manager at AllStates Trust Bank, a young bank in Nigeria.
“Banking was beginning to change the country, it was the sector to be in, ripe for transformation, ready for disruption, for democratisation.
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“At that time, few believed a 27-year-old could successfully lead a bank branch. But that opportunity changed the entire course of my life.
“It gave me confidence. It gave me a platform. Most importantly, it gave me perspective,” he wrote.
Elumelu, who is the founder of the Tony Elumelu Foundation and chairs Heirs Holdings and United Bank for Africa, noted that his journey began not with financial capital but with trust.
His post continued, “That’s why today, I am passionate about giving young people the same chance I was given. Because I know what’s possible when someone believes in you early.
“This belief is at the heart of everything we do at The Tony Elumelu Foundation. It’s why we invest in young African entrepreneurs – because someone once invested in me.
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“My journey didn’t begin with capital. It began with trust. Let’s keep believing in Africa’s youth. They are ready to lead, grow and transform our continent.”
In a follow-up post on X on Friday, the business leader further highlighted three lessons from his experience as a young bank manager.
“Shared recently on my LinkedIn page how I became a bank manager at just 27. I got a lot of questions. One stood out: How could someone so young handle such responsibility?
“Many doubted a young man could lead a bank branch. That chance changed the entire course of my life,” he wrote.
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Outlining the lessons from his journey, Elumelu wrote, “Lesson 1: Age is not a barrier. If you can execute, are hungry to learn, and committed to results — you can lead at any age. Leadership is about clarity of vision and that discipline to execute.
“Lesson 2: The most powerful capital is trust. My journey didn’t start with money — it started with trust. Trust was the seed that propelled everything else. Give young people trust, and they will surprise you. I was trusted, I repaid that trust.”
In the third lesson, Elumelu explained why perspective matters in leadership.
He wrote, “Leadership is not about doing everything yourself. It is about empowering, setting direction, and providing clarity. The sooner you learn this, the faster you grow.
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“That’s why today, I am passionate about giving young people the same chance I was given. Cascading luck. Catalysing opportunity.”
Elumelu said these principles continue to drive his commitment to youth empowerment through his foundation.
“It is the reason we invest in Africa’s youths at the #TonyElumeluFDN, because someone once invested in me,” he wrote.
“My story is proof that when we trust in our youths, they are ready to lead, grow, and transform our continent. Let’s keep believing in Africa’s youths,” he concluded.

Human rights lawyer, Festus Ogun, has filed a lawsuit against Lagos State Governor, Babajide Sanwo-Olu, at the Federal High Court in Lagos for allegedly violating his fundamental rights by blocking him on his verified X (formerly Twitter) account.
In the suit marked FHC/L/CS/1739/25, which was shared by Ogun on Friday via his facebook page, he said the governor’s decision to block him since 2021 was triggered by his “constructive criticisms” and “demand for accountability” over the October 2020 #EndSARS killings.
“In 2021, I noticed that the Governor blocked me on his official X handle @jidesanwoolu owing to my constructive criticisms of his policies and demand for accountability in respect of the October 2020 #EndSARS Massacre,” Ogun wrote.
According to him, being blocked has deprived him of access to vital information.
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“Blocking me on X has prevented me from accessing public updates and receiving information about policies and governance in Lagos, which constitutes a violation of my right to receive information without interference,” he said.
In his originating summons cited by The PUNCH, the lawyer asked the court to declare the action unconstitutional, arbitrary, and discriminatory.
According to the lawsuit, Ogun said he sought “a declaration that, as a democratically-elected public office holder in Nigeria, the Respondent (@jidesanwoolu)’s blocking of the Applicant (@mrfestusogun), a citizen of Nigeria and resident of Lagos State, on X (formerly ‘Twitter’) is wrongful, unconstitutional, arbitrary and constitutes a gross.”
He further prayed the court to compel Sanwo-Olu to unblock him, issue a public apology, and stop targeting critics online.
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“An order of perpetual injunction restraining the Respondent, his agents, privies or any other person or entity acting through or on his behalf, from further blocking the Applicant on X or any other social media platform,” the suit read.
Ogun, who described himself as “haunted, traumatised and emotionally disturbed,” stressed that the matter went beyond his personal grievance. “This suit is not just about me. I have filed this lawsuit in furtherance of public interest and with the hope that it sets a precedent in our digital rights jurisprudence,” he said.
The lawyer also invited the court to take guidance from a 2019 ruling in the United States.
“I invited the Nigerian court to be persuaded by the decision of the US District Court in Knight First Amendment Institute v Trump where President Trump was found to be in violation of the 1st Amendment when he blocked US citizens for criticising him on Twitter,” he stated.
Ogun argued that intolerance to opposing views undermines democracy. “Intolerance to criticism and accountability is unconstitutional and undemocratic. Nigerian authorities continue to crack down on dissents, critics, journalists, bloggers and vocal citizens on social media using arrests, detention, surveillance, collusion with big techs and outright blocking, as weapons. That narrative must stop,” he warned.
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