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New Naira: Ondo Govt Joins Suit Against FG, CBN

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The Ondo State Government has filed a suit against the Federal Government at the Supreme Court over the Central Bank of Nigeria’s directive on limitation of cash withdrawal from banks.

It was gathered that the government filed a separate application to join the suit instituted earlier by the Zamfara, Kaduna and Kogi States at the apex court on deadline issue by CBN on swapping of old naira notes for the new notes.

The Ondo government asked the apex court to stop the implementation of the policy.

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In an originating summon filed and signed by the Attorney-General of the state, Mr. Charles Titiloye, the government prayed the Supreme Court to stop the implementation of the directive issued by the Federal Government through the CBN on limitation of daily cash withdrawals from banks which, it said had totally paralysed the activities of Ondo State and has adversely affected economic and commercial activities in the state.

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The statement issued by the Special Assistant to the AG, Kola Adeniyi, said, “The Ondo State Government contended that the guideline on daily maximum cash withdrawal made by Federal Government is an infraction on the legal rights of Ondo State Government and its citizens to access funds for execution of developmental projects, small credit facilities to petty traders (who have no account in banks) and highly detrimental to daily commercial activities in the state.

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“Ondo State Government urged the Supreme Court to declare that the Federal Government cannot by directive issued through Central Bank of Nigeria, amend or vary an existing Act of National Assembly particularly Section 2 of Money Laundering Act which relates specifically to limitations on cash withdrawals for individual and Corporate organisation to N5million and N10million respectively. The updated guidelines issued by CBN now places maximum withdrawal for individual and corporate organisation at N500,000 and N5million respectively.

“Ondo State Government is asking the Supreme Court to decide whether the guidelines issued by Federal Government on maximum daily cash withdrawal and the continuous suffering and hardship caused by the implementation of the said policy is not in conflict with the express provision of Section 2 of the Money Laundering Act, Sections 20, 39 and 42 of the Central Bank of Nigeria Act.

READ ALSO: CBN Deadline: Supreme Court Ruling Saved Nigerians From Evil – Fani-Kayode

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“Ondo State Government averred that while it has more than 149 ministries, departments and agencies to run on daily basis in a state with more than three million people, less 500,000 people have bank accounts through which bank transfer can be made. Consequently the policy of the Federal Government has totally paralysed the economy of the state.

“Ondo State Government averred that the citizens of Ondo State now spends precious hours at banks ATM waiting to collect the new naira note while citizens in the rural areas and villages without banks and Internet facilities have been shut out from receiving or transferring money to meet their daily economic needs.”

The government urged the apex court to intervene and stop further implementation of the said Federal Government policy.

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Israeli Mission To Bolster Wellbeing Of Orphans In Nigeria

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The Israeli Embassy in Nigeria has promised to bolster the wellbeing of orphans in Nigeria.

Deputy Chief of Mission of the embassy, Inbar Garden stated this in Abuja while donating food items to the Hope for Survival Orphanage, Gishsiri community, Federal Capital Territory (FCT).

She said aside helping to promote collaboration between Nigeria and Israel, the mission is committed to supporting the wellbeing of the orphans.

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Garden said, “We just want to ensure the orphans have a better future and not taken for granted.

READ ALSO:Israel Begins Ground Offensive In Gaza Despite International Criticism

“It takes a person with a giant heart to give themselves to the society and make other peoples life matter.

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“I urge you, children at the Orphanage to be focused on your future, because you are not going to stay in this place forever.

“Just dream big and say it loud, and go get your dreams fulfilled.”

Also,the Proprietress of the orphanage, Ruth Ibrahim, thanked the embassy for the kind gesture,

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According to her, even for you to come here is not easy due to the deplorable road to the orphanage.

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We thank God for the FCT Minister, Mr Nyesom Wike’s intervention, the road was so bad, at least he has repaired it, such that we can easily come into the orphanage as against before.

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“God bless and enrich you for putting smiles on our faces, this is good, because we have never seen such a large cooking of meal like this in our orphanage,” Ibrahim said.

She decried lack of access to medical services and paucity of funds toward the construction of fence around the orphanage, to be major challenges they faced.

The orphanage have 67 children, with two having graduated from university and eight of them are currently in SS3, preparing for the West African Examinations Council (WAEC) exam.

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The highpoint of the event is a treat for the children at the orphanage to a buffet by the Israeli deputy chief of mission.

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Isokpan Sworn In As Egor LG Vice Chairman, Pledges Loyalty to Okpebholo’s SHINE Agenda

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The Egor Local Government Council Secretariat was abuzz on Monday as Hon. Kenny Isokpan was officially sworn in as the Vice-Chairman of the Council, in a colourful ceremony attended by party leaders, stakeholders, and community groups.

The event drew a large gathering, including the Deputy Chief of Staff to the Deputy Governor, Hon. Plus Alile, alongside other prominent political figures.

In his address, the Acting Chairman of the council, Hon. Osaro Eribo, described Isokpan as a vibrant and energetic youth whose emergence heralded renewed vigour in the Council’s leadership.

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He expressed confidence that the new Vice-Chairman would work closely with him to advance Governor Monday Okpebholo’s SHINE Agenda at the grassroots level.

Shortly after assuming office, Isokpan lauded Okpebholo for his developmental strides across the state and for providing him the platform to serve.

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He pledged unwavering loyalty to the governor, the party leadership, and Eribo, vowing to contribute his quota towards repositioning Egor in line with the progressive vision of the administration.

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The new Vice-Chairman also expressed gratitude to the State Chairman of the APC, Emperor Jarrett Tenebe, for his steadfast leadership, and commended party leaders at the state, local government, and ward levels for their support.

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He gave special recognition to a prominent Egor leader, Hon. Osahon Airhunmwunde, for standing by him during his most challenging moments.

Isokpan further acknowledged the solidarity of the Red Cross Society and the National Youth Council of Nigeria (NYCN), stressing that their support reflected broad-based confidence in the ruling party’s grassroots agenda.

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Dangote Group Agrees To redeploy Workers Sacked By Refinery

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After a peace meeting, the Dangote Group has agreed to redeploy the workers sacked by its subsidiary, Dangote Petroleum Refinery.

The resolution was announced on Wednesday by the ministry of labour and employment in a statement on the outcome of the reconciliation meetings held on Monday and Tuesday.

Aliko Dangote, founder of Dangote Group, and representatives of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) met on Tuesday with Wale Edun, the minister of finance and coordinating minister of the economy, and Mohammed Dingyadi, minister of labour and employment to resolve the labour dispute.

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READ ALSO:Dangote Refinery Dispute: PENGASSAN Suspends Strike After FG Intervention

Disclosing other agreements reached during the meeting, the ministry said the parties agreed that the disengaged workers will be absorbed by other subsidiaries in Dangote Group without loss of pay.

The Honourable Minister of Labour informed the meeting that unionisation is a right of workers in accordance with the laws of Nigeria and that this right should be respected,” the ministry said

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After examining the procedure used in the disengagement of workers, the meeting agreed that the management of Dangote Group shall immediately start the process of taking the disengaged staff to other companies within the Dangote Group, with no loss of pay.

READ ALSO:NAFDAC Orders Removal Of 101 Products, Warns against Sale, Use

“No worker will be victimised arising from their role in the impasse between Dangote and PENGASSAN.

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“PENGASSAN agreed to start the process of calling off the strike.

“Both parties agreed to this understanding in good faith.”

On September 26, PENGASSAN instructed its members to embark on a nationwide strike over the dismissal of workers by Dangote refinery.

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