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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.

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“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.

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“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.

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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.

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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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JUST IN: Convicted Kidnap Kingpin Evans Re-arraigned, Opts For Plea Bargain

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Convicted billionaire kidnapper, Chukwudumeme Onwuamadike, popularly known as Evans, and his co-defendant Joseph Emeka, charged with murder and attempted kidnap have opted for plea bargain.

The News Agency of Nigeria (NAN) reports that the state lead counsel, Mr Yusuf Sule, informed the court about the plea bargain option on Thursday when the case was called for re-arraignment.

The case was called for re-arraignment before Justice Adenike Cokers of an Ikeja High Court.

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NAN reports that Evans and his co-defendant were to be re-arraigned on an amended five-count charge bordering on murder, attempt to murder, conspiracy to commit felony, wit: kidnapping and attempt to murder.

Sule informed the court that the case was for re-arraignment but he was aware the defendants have applied for plea.

The prosecutor, however, said the plea bargain terms were being considered by the Attorney-General of Lagos State, Mr Lawal Pedro (SAN).

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JUST IN: Collapsed Roof Injures OAU Students During Lecture

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A torrential rainfall of early Thursday morning, accompanied with a whirlwind has injured students of Obafemi Awolowo University, Ile-Ife, Osun State.

The rain which started when the students were having a lecture, SER to be precise, in the Amphitheatre of the Oduduwa Hall, affected the ceiling of the Amphitheatre as it fell off and injured a few of the students.

The Vice-Chancellor, Professor Adebayo Simeon Bamire led other principal officers to the Medical and Health Centre of the University, and ensured that the injured students were given adequate medical attention.

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A release by the Public Relations Officer of the University, Mr. Abiodun Olarewaju, stated that the Vice-Chancellor also followed two other students, whose cases demanded more medical attention to the Obafemi Awolowo University Teaching Hospital Complex (OAUTHC), where the Chief Medical Director (CMD), Professor John Okeniyi, physically supervised the proceedings.

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The Vice-Chancellor has, therefore, appealed for calm and urged students and staff to go about their academic and administrative activities without any form of untoward action.

Meanwhile, the management of the University, has sealed off the amphitheatre, the venue of the unfortunate incident, until further notice.

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Edo Guber: Those Leaving PDP Are Disgruntled; We Need People With Value – Campaign DG

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Matthew Iduoriyemkewen, the Director-General of the Peoples Democratic Party (PDP) Campaign Council for the September 21st governorship election in Edo State says persons who defected from the party to other parties are disgruntled.

Iduoriyemkewen made this assertion on Thursday in Benin during a familiarisation visit to the leadership and members of the Nigeria Union of Journalists (NUJ), Edo State council, where he solicited for a partnership and cooperation from media practitioners.

According to the DG, the PDP is interested in persons of value, adding that those that are in the party are assets to the party and that many persons are still coming.

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Most of the people moving out of the PDP have become disgruntled, and they feel they must have it all. I don’t know who gave them that kind of entitlement that PDP is theirs, and it must be theirs, and that when they need anything in PDP, and they don’t get it, nobody else can get it, and that the roof must be brought down,” he added.

He continued: “I can tell you that people we have in PDP are those that are asset to the party. Those that are assets to the party, we do not allow them to leave. More so, those that we are bringing into the party are those that will add value to the party. You will start seeing them very soon.”

Iduoriyemkewen, who said Edo needs persons with value and substance, stressed that his party candidates – Asue Ighodalo and Osarodion Ogie – are the rights persons Edo needs to move to an enviable heights.

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Further speaking on activities of the campaign council, the DG said the party campaign would be issue-based, adding that how to move Edo forward is his party concern and not frivolous issues.

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He said: “Our campaign would be issue-based. The campaign would be where we met Edo people and where we intend to take them to. Our campaign is going to be a realistic one, the steps we intend to take to solve the numerous challenges facing us.

“What we are going to be telling Edo people is the process of taking them from where we met them to where we are taking them to.”

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Responding, the chairman, Edo NUJ, Comrade Festus Alenkhe, assured the DG of members of the council unbiased, apolitical stance as far as politics is concerned in the state.

The Edo NUJ chairman who said the union as a professional body frowned at fake news and unverified information, described the NUJ secretariat as a freedom ground where anyone can come to express his or mind on issues.

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