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New Naira: Why We Are Backing CBN In court – Edo Govt

Published

3 years ago

February 16, 2023

The Edo State Government on Thursday disclosed why it joined in the Naira redesign suit in the Supreme Court.

A statement by the state’s Attorney General and Commissioner for Justice, Oluwole Iyamu, said the need to make legitimate cash available to the ordinary citizens and prevent the flooding of the nation with massive quantities of old notes which have been allegedly stockpiled in anticipation of the forthcoming elections made the state government join the suit.

Iyanya said it was not true that the plaintiffs in the case had suddenly become the people-loving patriots they presented themselves as.

“The object of the suit is to create a legal opening to flood the nation with massive quantities of old notes which have been stockpiled in anticipation of the forthcoming election.

“The position of the Edo State Government is that what is required is the availability of legitimate cash for our ordinary citizens. Pressure needs to be brought on the CBN and the Federal Government in this regard.

“The Supreme Court suit as presently constituted only serves the interest of the ruling party faction which believes that huge infusions of illicit cash can aid their electoral fortunes.

“We do not consider it our duty to assist these illicit interests by supporting their suit. The reality is that as of today, most legitimate N200, N500 and N1,000 notes have been deposited. The real problem is the availability of replacements from the banking system.

“Our intervention to seek adjustments in the implementation process is already yielding fruits despite the strident cries and inflammatory rhetoric of those born-again people advocates who disguise their malevolence as concern for the masses,” the AG said.

The AG said Edo’s position which the government believed was in line with the best wishes of the people shall be vindicated in few days.

The Supreme Court sitting in Abuja had on Wednesday adjourned a hearing in the suit banning the use of the old naira to Wednesday, 22nd February 2023.

Three states filed the suit against the Federal Government seeking a restraining order to the full implementation of the naira redesign policy of the Central Bank of Nigeria.

In a new development, nine states had filed to join the suit initially filed by Kogi, Kaduna and Zamfara states.

The states are Katsina, Lagos, Cross River, Ogun, Ekiti, Ondo and Sokoto states bringing the new total of plaintiffs to 10.

On the other hand, Edo and Bayelsa had filed to be joined as respondents.

The seven-man panel led by Justice John Okoro ordered them to amend their processes to be heard as one.

Meanwhile, pending the hearing, the order by the apex court to suspend the ban of the now older 200, 500 and 1000 naira notes subsists.

However, President Muhammadu Buhari, in his address on Thursday said only the old N200 note would still remains as legal tender till April 10, while the N500 and N1000 ceased to be legal tender.

Related Topics:Edo State government Obaseki

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Insecurity: Former NYSC Director Tasks Corps Members On Self, Environmental Consciousness

Published

3 hours ago

December 1, 2025

Editor

A retired Director, Information and Public Relations, National Youth Service Corps (NYSC) Directorate Headquarters, Eddy Megwa, has called on all corps members serving in the country to take their personal security seriously, always be self and environmental conscious.

The former Director made the call at the Bauchi NYSC permanent orientation camp, Wailo, Ganjuwa Local Government Area of the state on Monday.

He warned that the times were evil, therefore vigilance, self consciousness and consciousness of the environment were of paramount importance.

He also called on them to serve the nation with loyalty, commitment and zeal for patriotism, adding that no nation grew without the selfless service of the citizens and called on the corps members to rise up and make the desired change.

“I want to urge you all to deliberately work towards building a great nation of our collective dreams.

“This is because if we have a country that is working very well, the youths will not be desperate about relocating to other countries of the world for greener pastures,” he said.

Megwa further discouraged the youth from illegal migration, describing it as a suicide mission as many of such ‘desperate people’ ended up losing their lives in the Sahara desert in the most gruesome manner.

The former NYSC Spokesman encouraged the corps members to strive for excellence in all they do and achieve even what their forebears could not achieve.

“There are a whole lot of opportunities you have now and can leverage on which the older generation never had.”

He told his audience not to put their names and their families into disrepute by getting themselves involved in crimes and other unwholesome activities.

“The Skill Acquisition and Entrepreneurship Development programme of the NYSC is the panacea to graduate unemployment.

“I want to, therefore, advise you to take advantage of the programme by learning skills that will be useful to you in the future.”

Earlier, Mr Umoren Kufre, the state’s Coordinator of NYSC, appreciated the retired Director for the visit and words of motivation to both camp officials and corps members.

He described the former Director as a living legend that shaped the NYSC Public Relations Unit to what it is today and left his footprints boldly.

News

NiMet Predicts Three-day Sunshine, Cloudiness From Monday

Published

3 hours ago

December 1, 2025

Editor

The Nigerian Meteorological Agency (NiMet) has predicted sunshine and haziness from Monday to Wednesday across the country.‎

NiMet’s weather outlook released on Sunday in Abuja envisaged sunny skies over the entire northern region throughout the forecast period on Monday.‎

It envisaged ‎sunny skies with patches of clouds over the entire central region.‎”For the southern region, ‎cloudy atmosphere with sunshine intervals is anticipated over the region with slim chances of isolated thunderstorms over parts of Akwa Ibom, Bayelsa, and Cross River during the afternoon to evening hours,” it said‎According to NiMet, dust haze is anticipated over Kebbi, Zamfara, Sokoto, Katsina, Kano, Jigawa, Borno, and Yobe on Tuesday throughout the forecast period.‎It anticipated sunny skies with cloud patches over the entire central region.

“For ‎southern region, ‎cloudy skies are expected over the region with slim prospects of isolated thunderstorms over parts of ‎Cross River during morning hours.‎” Isolated thunderstorms are anticipated over parts of Delta, Ogun, Ondo, Lagos, Bayelsa, Rivers, Akwa Ibom and Cross River later in the day,” it said.‎

The agency predicted dust haze over the northern region throughout the forecast period on Wednesday.‎NiMet anticipated a sunny and hazy atmosphere over the entire central region.‎”For the southern region, cloudy atmosphere are over the region in the morning hours.‎

“Later in the day, isolated thunderstorms with moderate rains are anticipated over parts of Lagos, Ondo, Oyo, Osun, Ogun, Ekiti, Edo, Delta, Bayelsa, Cross River, Akwa Ibom, and Rivers ” it said.

NiMet urged the public to drive under the rain with caution and to take necessary precautions as ‎dust particles would be in suspension over the northern region.

NiMet advised people with asthmatic health conditions and other respiratory issues to be cautious of the present weather ‎conditions.

‎”Airline operators are advised to get airport-specific weather reports (flight documentation) from NiMet for effective planning in their operations.‎” Residents are advised to stay informed through weather updates from NiMet – visit our website – www.nimet.gov.ng.

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MOWAA: Why I Will Not Appear Before Edo Assembly Panel — Obaseki

Published

4 hours ago

December 1, 2025

Editor

The immediate past governor of Edo State, Godwin Obaseki, has given reasons he would not appear before the Edo State House of Assembly Ad-hoc Committee set up to investigate funding and ownership of the Museum of West African Arts (MOWAA) and the Radisson Blu Hotel.

The Edo Assembly set up the panel following a request by Governor Monday Okpebholo that the Assembly should probe funding and ownership of the projects.

Amongst what the governor requested the Assembly to investigate is the state government’s N3.8bn investment in the MOWAA and N28bn in Radisson Hotel.

Former Governor Obaseki is scheduled to appear before the Committee on Thursday, December 4th, 2025.

The Committee, had in a letter signed by its Secretary, Bekisu Oshone Wilson, said attendance by Obaseki and others were required as part of the committee’s investigation.

Obaseki, who spoke through his media adviser, Crusoe Osagie, said it was offensive and laughable for the Assembly to invite him over a matter that was already in court.

He said the Edo Assembly should learn to know how the law works.

The former Edo Governor said he could not be subjected to answering separately on the same issue.

“It is subjudice for the former Governor to appear before the Edo Assembly in a matter already in court.

“Why subject him to another round of questioning on the same issues?”

Management of MOWAA had also refused to appear before the Edo Assembly Ad Hoc Committee.

Its Counsel, Olayiwola Afolabi, said the Assembly could only make recommendations but that the Court would make the final decision on the issues.