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Why Supreme Court Paused Ban On Old Naira Notes —Ozekhome

A lawyer and Senior Advocate of Nigeria, Mike Ozekhome, has explained the judgement of the Supreme Court restraining the Federal Government from implementing the Central Bank of Nigeria’s February 10 ultimatum for the old N200, N500 and N1,000 banknotes to cease being legal tender in the country.
Ozekhome, who featured on Channels Television on Wednesday night said the Supreme Court only paused the implementation of the deadline saying the apex court had not decided on the matter.
He further explained that the apex court gave the judgement so as to prevent the subject matter of the suit from being truncated.
Explaining the development, Ozekhome said, “The Supreme Court has not decided the matter. All it has done is to fall back to a decision like Kotoye vs CBN, that in matters of extreme urgency, you can grant an interim order, even if it be an ex-parte, to prevent the subject matter of the suit being truncated.
“If, for example, the Supreme Court, did not make that order, and the only order existing is that of the High Court, it means that the CBN, by 10th of this month, will stop the use of all old notes.
“But what the Supreme Court has said is, ‘Just wait, let us listen to you people,’ not that it has decided that Zamfara, Kogi and Kaduna states have any valid case that is actionable because the action is already being challenged with a preliminary objection.
“It is another way of saying, ‘Let us first drive away the fox before we blame the fowl for wandering too far into the forest,’” he said.
READ ALSO: New Naira: Things To Know About Supreme Court Judgement
A seven-man panel of the Supreme Court on Wednesday, led by Justice John Okoro in a unanimous ruling granted an interim injunction restraining the Federal Government from implementing the CBN’s February 10 deadline for the swapping of the old naira notes with the new ones.
A judgement that followed a motion ex-parte on behalf of three northern states Kaduna, Kogi and Zamfara , who on February 3rd filed a suit seeking to halt the implementation of the CBN’s policy.
The PUNCH reported on Monday that a Federal High Court in Abuja stopped President Muhammadu Buahri alongside the CBN and commercial banks from interfering, suspending or extending the terminal date of February 10 for the expiration of the old naira notes.
Again, Ozekhome explained that other lower courts could not interfere when decisions were being debated at the apex court.
“Notwithstanding the fact that a high court or Federal High Court had granted an order telling the CBN, ‘You can stop this naira swap policy on the 10th of February as you have decided to do’, the Supreme Court today said, ‘Hello? Don’t do that! Allow it to continue. Come back on the 15th of February and let us hear you people,’” he added.
He explained that the apex court’s judgement allows the old and new naira to be in the same position, adding that any decision arrived at by the Supreme Court, will not only affect the three state governments that dragged the FG to court, but all the states of the federation and their attorney-generals.
Ozekhome therefore submitted that, “this is the type of matter in which the Supreme Court should also suo motu, even if they did not apply to be joined, join all the attorneys-general of the federation, so that the matter could be decided once and for all.”
PUNCH
News
27-year-old Man Dies Inside Deep Well In Ogbomoso
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.
READ ALSO:Oyo: Properties Worth Millions Of Naira Destroyed As Fire Ravages Residential Buildings
“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
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.
READ ALSO:Insecurity: We Shut Down Schools Because We Were Told To — Bauchi Governor
“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.
READ ALSO:Bauchi Govt Procures 13 Tuberculosis X-ray Machines Worth $1.9m
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.
READ ALSO:Witchcraft: FIDA Sensitises Stakeholders On Accusations In Bauchi
“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
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.
READ ALSO:Bauchi Govt Procures 13 Tuberculosis X-ray Machines Worth $1.9m
“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.
READ ALSO:Bauchi Govt Procures 13 Tuberculosis X-ray Machines Worth $1.9m
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.”
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