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

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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.

READ ALSO: 2023 Presidency: Ganduje Hits Buhari Hard, Says President Wants APC To Lose

“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.

READ ALSO: Currency Swap: Buhari’s Action Disregard For Supreme Court – Gbajabiamila

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.

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OPINION: Between Mike Adenuga And Prometheus

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By Lasisi Olagunju

The Greek word ‘philos’ means ‘love’, and ‘anthropos’ means ‘man’ or ‘humanity.’ The Englishman came across those two words, combined them and came up with ‘philanthropy’ – ‘love of mankind.’ The Ancient Greek was a nation of great thinkers. World civilizations inherited from these great people rare knowledge preserved in myths, folktales and legends of heroes. They clothed their myths with assumptions and beliefs that have endured centuries of interrogations and reviews. One of those is their insistence that one of their titans, Prometheus, was the very first philanthropist.

And I ask how? ‘Prometheus’ as a Greek name means ‘Forethinker’. One writer says we should not be tired of celebrating him because “he loved us. He helped us. He defied the other gods and suffered for us.” To Timothy Wutrich, American Professor of Comparative Arts, Prometheus is “the polymath, creative genius, and philanthropist” who rebelled against Zeus to save humanity. What exactly is that thing he did?

The Greek in their myth say man was created naked and vulnerable in a hostile world of privileged beasts. But Prometheus, who was present during creation, took a deep look at the helpless creature, thought of what to do, fished out fire from where Zeus hid it and gifted it to Man. Classical Greek dramatist, Aeschylus (524-455 BC), in his ‘Prometheus Bound’ casts him as humanity’s “preserver” who gave us “all the arts and sciences as well as the means of survival.”

The immediate past president and chief executive officer of The Pew Charitable Trusts, Rebecca W. Rimel, on 28 April, 2001, addressed a joint meeting of the American Philosophical Society, the Royal Society and the British Academy on what she called the strategy of charity. At that proceeding, she addressed the Promethean fire philosophy. She explained ‘fire’ as that long-term solution that addressed the root of a problem: “The gift of fire,” Rimel explained, “transformed the world. Fire did not simply permit a few people to enjoy a hot meal and a warm shelter on the day it was given. It was a new tool that could be used forever to help humans make their often-hostile environment more accommodating…” She suggested that ‘fire’ could stand for education, for knowledge, skill. It could wear the dress of the master going the extra mile of teaching his protégés how to fish. She added that “philanthropy is not simply a kind attitude – it also implies a certain kind of approach” which we see in the myth of Prometheus. She proceeded to sit Prometheus with Thomas Jefferson and the American founding father’s profound belief that “a free nation could remain free only if its people were educated.” She alluded to Jefferson’s 1808 “ardent desire to see knowledge” in every man.

When Globacom chairman, Dr. Mike Adenuga Jr., turned 70 last year. I wrote a column and gave reasons why I did: his patriotism; his calls of commendation to me – and his kindness across all divides. Recently when Air Peace appeared buffeted by vicious tides of competition, I wrote and likened that company’s intervention to Globacom’s epochal entry into telecoms in Nigeria. I said before Globacom, there was exploitation from outsiders and Nigerians were made victims in their own country. The Nigerian telecoms subscriber was the pre-Prometheus man – naked and helpless. Then, Mike Adenuga’s company made its grand entry in August 2003 and its Promethean fire broke the chains. It was amazing how miserably the padlocks of brutal exploitation surrendered. My triumphant people would say they’d seized the enemy’s àgádágodo – the ones clothed with tiger skin and the ones hidden in hides of alligator (aláwo ekùn, àt’aláwo agílíntí).

Adenuga and his Globacom came with a string of firsts that have been mentioned repeatedly. Someone asked why those acts of patriotism are repeatedly told as stories, I answered that Nigerians of today who are thirty years and younger were too young in August 2003 to appreciate the battle won for them by Adenuga 21 years ago. They need to be told repeatedly that it happened. Read again Thomas Jefferson’s dictum which I quoted above: A free nation can only remain free if its people are educated. I add that education includes adequate knowledge of our history.

Today again, Adenuga celebrates his 71st birthday. I read many testimonies of his unannounced public-spiritedness last year when he clocked 70. I am reading (and savouring) refreshingly new ones this year. The stories of his activities are so much like the Promethean story: philanthropy that clothes the naked and addresses the roots of people’s poverty; charity that ennobles humanity and extends the frontiers of knowledge, friendship, love and kindness. The book of his benevolence includes chapters on scholarships and endowments in arts and science. Ask universities around; ask the Alliance Francais in Lagos. Ask the rescued widow in the backwaters of Yewa whose story changed forever. Ask me: I know (and I have heard) of people he dazed with kindness whom he did not give the opportunity to say “thank you.” As he does his Godly thing his quiet way, we will keep telling the world in our own loud words that he represents the best of humanity.

I wish him a happy birthday and very many more years of sweetness as his vintage wine grows in richness.

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2024 UTME: JAMB Withholds Results Of 64,624 Candidates

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The Joint Admissions and Matriculation Board, on Monday, announced the release of the 2024 Unified Tertiary Matriculation Examination.

The Registrar of the Board, Prof. Ishaq Oloyede, made this known during an ongoing press briefing in Bwari, Abuja.

Oloyede also noted that the results of 64,624 out of the 1,904,189 who sat the examination have been withheld by the Board and will be subject to investigation.

READ ALSO: JUST IN: WASSCE Begins April 30

The Board Registrar noted that though a total of 1,989,668 registered, a total of 80,810 candidates were absent.

“For the 2024 UTME, 1,989,668 candidates registered including those who registered at foreign centres. The Direct Entry registration is still ongoing.

“Out of a total of 1,989,668 registered candidates, 80,810 were absent. A total of 1,904,189 sat the UTME within the six days of the examination.

READ ALSO: BREAKING: JAMB Releases 2024 UTME Results 

“The Board is today releasing the results of 1,842,464 candidates. 64,624 results are under investigation for verification, procedural investigation of candidates, centre-based investigation and alleged examination misconduct.”

Oloyede also said the Board, at the moment, examines nine foreign centres namely: Abidjan, Ivory Coast; Addis Ababa, Ethiopia; Buea, Cameroon; Cotonou, Republic of Benin; London, United Kingdom; Jeddah, Saudi Arabia; and Johannesburg, South Africa.

The essence of this foreign component of the examination is to market our institutions to the outside world as well as ensure that our universities reflect the universality of academic traditions, among others. The Board is, currently, fine-tuning arrangements for the conduct of the 2024 UTME in these foreign centres.”

Details later…

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BREAKING: JAMB Releases 2024 UTME Results 

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The Joint Admissions and Matriculation Board, JAMB, has released the 2024 Unified Tertiary Matriculation Examination results.

Over 1.94 million candidates registered and sat the examination in 118 towns and over 700 centres across the country.

The Registrar of JAMB, Prof. Ishaq Oloyede announced the release of the UTME results at a press conference held at the board’s headquarters, Bwari, in Abuja on Monday.

The examination which began on Friday, 19th April ended on Monday, 29th April 2024.

The board earlier explained that it chose to delay the release of the UTME results by some days because it needed some time to scrutinize the results to ensure credibility and integrity of the results, ensuring that there are no questions or any form of unclarity concerning the results particularly as regards the issue of impersonation, mixed biometrics, and other forms of malpractices.

Details later…

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