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Naira Redesign: Suspicion, Anxiety Grow As Malami Opposes El-Rufai, Others

Published

3 years ago

February 9, 2023

Editor

Twenty-four hours to the deadline set by the Central Bank of Nigeria, CBN, for the swap of the old naira notes, there is a high level of anxiety across the country.

The Supreme Court had on Wednesday temporarily halted the move by the Central Bank of Nigeria, CBN, to ban the use of the old naira notes from February 10, 2023.

A 7-member panel led by Justice John Okoro halted the move while ruling in an ex-parte application brought by three northern States of Kaduna, Kogi and Zamfara.

The three States had specifically applied for an order of Interim Injunction restraining “the federal government through the Central Bank of Nigeria (CBN) or the commercial banks from suspending or determining or ending on February 10, 2023, the time frame with which the now older version of the 200, 500 and 1,000 denomination of the naira may no longer be legal tender pending the hearing and determination of their motion on notice for interlocutory injunction”.

Moving the application on Wednesday, counsel to the applicants, Mr A. I. Mustapha, SAN, had urged the apex court to grant the application in the interest of justice and the well-being of Nigerians.

He stated that the policy of the government has led to an “excruciating situation that is almost leading to anarchy in the land.”

The ruling has since generated mixed reactions from across the country.

While some citizens, including the camp of the APC Presidential candidate, Bola Tinubu are hailing the ruling, others have asked President Muhammadu Buhari to override it with an executive order.

Few hours after the ruling, the Governor of the CBN, Godwin Emefiele met with President Buhari at the Aso Rock Villa.

Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, has already filed processes challenging the jurisdiction of the Supreme Court to suspend the scheduled deadline.

Malami, in a preliminary objection he filed on behalf of the Federal Government, applied for an order striking out the suit that three Northern States filed to halt the full implementation of the new monetary policy that was introduced by the Central Bank of Nigeria, CBN.

He is the sole defendant in the suit marked: SC/CV/162/2023, where he applied for its outright dismissal on the basis that the three States lacked the locus-standi.

Listing his grounds for challenging the power of the Supreme Court to intervene in the matter, Malami accused the three States of opposing FG’s power, through its agency, the CBN, to withdraw old banknotes and introduce new ones.

Nigerians are anxiously awaiting the next step of the CBN, especially with the deadline ending on Friday, February 10, just as President Buhari had earlier asked for one week to take a major decision on the matter one way or the other.

Speaking to DAILY POST on Wednesday, the Head of the Peoples Democratic Party, PDP, Digital Media, Barrister Tony Ehilebo claimed of a certain intelligence that the ruling party, All Progressives Congress, APC, is planning to swap N21 billion it had set out for vote-buying.

He, however, said that the efforts of Governor Nasir El-Rufia of Kaduna State and his cohorts to stop the CBN policy will fail because the States lacked such powers.

He alleged that, “The intelligence reaching us is that the APC, especially in States that they control are using the instrumentality of the State government and trying to swap N21 billion.

“We don’t know if this has gone through or if it has happened but we have raised all the necessary alarms.

“These are the questions we should be asking. We expect that the NFIU which has direct access to any suspicious cash transaction should be on top of its job.

“I’m one of the advocates, one of the drafters of the creation of the National Financial Intelligence Unit Bill and I expect it to live up to expectation, which is why I don’t have any problem with the CBN policy.

“It may not even favour the PDP as far as I’m concerned but it is in the best interest of Nigeria. We’ll really like whoever Nigerians want, which I believe is the PDP at this point in time.”

Speaking further on the recent Supreme Court injunction, he added, “It is a normal procedure of the court. When you run to the court with the cry that lives are being affected, it is the Court’s duty to first intervene and then bring all parties to the table and provide opportunity for response.

“That is why injunctions only have a lifespan of seven days at most. However, I suspect that this will be reversed. If you notice, it was given on 7th and it expires on 15th and that is when the hearing proper is.

“If I were the CBN, on the 15th I’ll carry on with that policy. Of course, the CBN is legitimately carrying out its function and I don’t think the States have any say whatsoever to impede on functions that are constitutionally guaranteed by the banks and other financial institutions’ acts.

“The CBN is guaranteed to be independent of the judiciary and free from the encumbrance of people like El-rufai and his cohorts.”

But reacting to the allegations of planning to buy votes and rig the forthcoming election, Comrade Okpokwu Ogenyi, Convener, Concerned APC Members and member APC Presidential Campaign Council and Civil Society Directorate, wondered why the APC whose government introduced the BVAS and signed the Electoral Act 2022 into law, should be the one being accused of planning to rig elections.

Speaking to DAILY POST, he said, “Yes. Some members of my party are in court to challenge the policy of the Central Bank of Nigeria and some of the reasons they gave were very clear.

“El-Rufia made it clear that in the entire Borno State, it is only two local governments that banks are operating.

“The same in Yobe State. He said that he was campaigning against the effect of the policy on the people. He even said the policy has nothing to do with the CBN but Mr. President who changed currency even in his first tenure as military head of state.

“That the timing is wrong. In my personal opinion, I want to tell you that Governor El-Rufia is in court to seek redress in his capacity as governor of Kaduna State. He is speaking for the people of Kaduna State not for the entire All Progressives Congress.

“On the allegations of swapping over N21b for vote, let me say that just yesterday, the party launched the Renewed Hope Ambassadors of Nigeria to mobilise 20-man canvassers in each of the polling units.

“A party that is resorting to vote-buying will not initiate such a volume of projects. I want you to also know that my party is not ready to buy votes. The BVAS was introduced by my party.

“The Electoral Act 2022 was signed by my party. So the party is putting up measures to checkmate some of the excesses during elections, such as rigging, vote-buying and all of that.”
DAILY POST

News

27-year-old Man Dies Inside Deep Well In Ogbomoso

Published

4 hours ago

December 2, 2025

Editor

The corpse of a 27-year-old man identified as Alagbe Gbemisoye has been recovered from a deep well at Ire-Akari, Adeniran area of Ogbomoso, Oyo State.

His body was retrieved by officials of the Oyo State Fire Service after passersby alerted them to the incident.

The circumstances that led to the deceased falling into the well were still unclear as of the time of filing this report.

The Special Adviser to the Governor on Fire Reforms and Chairman, Fire Services, Moroof Akinwande, said his men were alerted by a running caller and Mr Ajayi Olayemi.

“Fire personnel led by CFM Oladejo promptly deployed to the scene. On arrival, it was discovered that a man of about 27 years old, named Alagbe Gbemisoye, had fallen into a deep well. His body was recovered and handed over to the DPO, Owode Police Station,” he said.

Akinwande urged the public to always observe safety precautions in their daily activities and emphasised the importance of having fire extinguishers in their homes to prevent fire incidents.

News

Bauchi Records 75 Homicide Cases, 28 Kidnapping Cases, Others – Official

Published

4 hours ago

December 2, 2025

Editor

The Bauchi state Ministry of Justice says it recorded nothing less than 75 homicide cases, 28 kidnapping cases and 86 cases of rape in the 2024-2025 legal year.

Barr. Hassan Usman (SAN), the Bauchi state’s Attorney General and Commissioner for Justice, stated this in Bauchi on Tuesday during the commencement of the 2025-2026 legal year ceremony.

“In criminal cases from January to date, we received a total of 91 robbery cases, as against last year which was 83 and we received 75 homicide cases.

“We were served with motions for bails and other motions totalling about 256 and we received about 86 rape cases and 28 kidnapping cases.

“In total, we received a total number of 592 criminal cases and out of this number, 97 have been disposed of, 15 were discharged through legal advice, 454 are pending,” said the Commissioner.

According to him, given the high volume of cases recorded, the Ministry developed strategies to fast-track prosecutions in line with the administration of criminal justice law that emphasised speedy trials by setting timelines of filing charges in court and proceeding.

While explaining that Gov. Bala Mohammed approved the release of N7.8 million for the purchase of law and other practice books for their library, Usman added that Mohammed also approved the release of monthly funds to settle all outstanding judgement debts owed by the state government.

He appreciated the governor for his benevolence, unwavering commitment and exceptional support for the Ministry of Justice in the state.

Earlier speaking, Justice Rabi Umar, the State’s Chief Judge, lamented the recurrent practice of arraigning suspects in court without proper preliminary investigations.

She added that in many cases, efforts to gather evidence were only initiated after the trial had begun.

“This backward approach to criminal prosecution significantly delays the process and undermines the delivery of justice.

“It is unacceptable that in 2025, we continue to see such practices, which contributed to the overwhelming backlog of cases in our courts and ultimately eroded public confidence in the Justice System.

“To resolve this and other identified lapses, a Committee was set up to review the Bauchi state Administration of Criminal Justice Law and come up with a Draft Law that will stand the test of time,” she said.

She however, affirmed that any lawyer that didn’t adhere to the prescribed dress code for legal practitioners in the state would not be permitted to appear in court, adding that such a disregard for professional decorum undermined the prestige and global respect that the legal profession commands.

In his speech, governor Mohammed said that the three arms of government in the state had been working harmoniously and in synergy without compromising their constitutional autonomy.

Represented by his deputy, Alh. Auwal Jatau, Mohammed said that he has been giving the two other arms of government the necessary support and cooperation to ensure that they all operated optimally without any hindrance.

News

HIV: 29,874 Bauchi Residents Under Treatment, 650 Infants Recover From Infection – Commissioner

Published

4 hours ago

December 2, 2025

Editor

The Bauchi State Government has said that it is currently treating a total of 29,874 people living with HIV with Antiretroviral treatment across the state.

Dr. Sani Mohammed Danbam, the Commissioner for Health and Social Welfare, disclosed this while speaking at a press conference jointly held with partners to commemorate the 2025 World Aids Day.

According to him, HIV affects the most vulnerable in society: the poor, the uneducated, the marginalized, women, and children.

He said AIDS remains incurable, but no longer has to be a death sentence.

Speaking on the HIV situation in the State, Danbam said, “as of today, a total of 29,874 people living with HIV are receiving (Antiretroviral Therapy) ART and the State has scaled up to 863 HTS/PMTCT facilities, where the general population and pregnant women receive free HIV services.

“This year, we have successfully placed 2,246 newly diagnosed HIV-positive individuals on antiretroviral treatment, and over 650 HIV-exposed infants have achieved 100% early infant diagnosis and remain free from HIV infection.”

This year’s theme for World Aids Day: ‘Overcoming disruption, transforming the AIDS response’, Danbam said is to reflect the challenges caused by recent funding cuts and other setbacks, and “it reminds us of the need to build a stronger, more resilient and rights-focused approach as we work toward ending AIDS as a public health threat by 2030.”

Also, the Executive Director, United Nations Population Fund (UNFPA), Diene Keita, noted that in spite of advancements in medical technologies and public policies, progress made over decades was increasingly jeopardised, with prevention gains eroding as essential services struggled to reach people at elevated risk.

Represented by Deborah Tabara, Gender/Reproductive Health Analyst & State Programme Officer, UNFPA Bauchi, stressed that severe cuts in international aid were destabilising HIV prevention efforts, particularly in sub-Saharan Africa, where millions relied on donor-supported programmes to access accurate information, prevention tools and essential community-based support.

According to Keita, almost 2.5 million people have lost access to lifesaving Pre-exposure Prophylaxis due to shrinking resources, with countries recording half of last year’s new HIV infections experiencing the harshest consequences from dwindling funding.

Tackling gender inequality, violence and stigma in healthcare systems and societies more broadly will be instrumental in reducing factors that put people at risk of HIV. Integrating HIV services into routine sexual and reproductive healthcare, including family planning and maternal health, would make them more readily available to many women and girls.

“At this crossroads in the AIDS response, UNFPA continues to support countries in sustaining and improving HIV prevention, particularly for adolescent girls, young women and key populations, along with providing treatment and related services.

“The combined efforts of governments, international organisations, activists and communities have led to remarkable progress on HIV, saving nearly 27 million lives to date. Now, we need to come together and finish what we know works and what we know is possible – an AIDS-free future for all.”