At Last CBN Clears Air On Old N200, N500, N1,000 Notes, Says They Remain Legal Until Dec 31
…. As Buhari Chickens Out
Finally the Central Bank of Nigeria (CBN) has cleared the air on the age long controversy over the continued use of old N200, N500, N1,000 notes after the Supreme Court March 3 Order validating them as legal tender till December 31
The announcement was made yesterday by Acting Director of Corporate Communications, Isa AbdulMumin of CBN
AbdulMumin noted that CBN position followed the Supreme Court’s ruling of March 3, 2022, and after they met the Bankers’ Committee
“Accordingly, the CBN met with the Bankers’ Committee and has directed that the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till December 31, 2023.
He also directed deposit banks and members of the public to comply
“Consequently, all concerned are directed to conform accordingly,” the statement read in part.
Buhari Chickens Out
Meanwhile, President Muhammedu Buhari has denied that he ever instructed the CBN and Attorney general of the federation,Abubakar Malami not to obey Supreme Court Orders on the Naira notes
Speaking on the long drawn Naira swap controversy , Senior Special Assistant on Media and Publicity to the President, Garba Shehu, said the Central Bank of Nigeria (CBN) has no reason not to comply with the Supreme Court Orders merely on the excuse that the President must issue a directive.
Shehu argued that it is wide off the mark to blame Buhari for the current controversy over the cash scarcity, despite the Supreme Court judgement.
According to the presidency, the CBN had no reason not to abide by court orders on the excuse of waiting for directives from the President.
Shehu said, the presidency wishes to react to some public concerns that President Muhammadu Buhari did not react to the Supreme Court judgement on the issue of the N500 and N1,000 old currency notes, and states here plainly and clearly that at no time did he instruct the Attorney General and the CBN Governor to disobey any court orders involving the government and other parties.
The presidential spokesman also noted that since the President was sworn into office in 2015, he has never directed anybody to defy court orders, in the strong belief that we can’t practise democracy without the rule of law and the commitment of his administration to this principle has not changed.
“Following the ongoing intense debate about the compliance concerning the legality of the old currency notes, the Presidency therefore wishes to state clearly that President Buhari has not done anything knowingly and deliberately to interfere with or obstruct the administration of justice.
“The President is not a micromanager and will not, therefore, stop the Attorney General and the CBN Governor from performing the details of their duties in accordance with the law. In any case. it is debatable at this time if there is proof of willful denial by the two of them on the orders of the apex court.
“The directive of the President, following the meeting of the Council of State is that the Bank must make available for circulation all the money that is needed and nothing has happened to change the position.
“It is an established fact that the President is an absolute respecter of judicial process and the authority of the courts. He has done nothing in the last eight or so years to act in any way to obstruct the administration of justice, cause lack of confidence in the administration of justice, or otherwise interfere or corrupt the courts and there is no reason whatsoever that he should do so now when he is getting ready to leave office.
“The negative campaign and personalised attacks against the President by the opposition and all manner of commentators is unfair and unjust, as no court order at any level has been issued or directed at him.
“As for the cashless system the CBN is determined to put in place, it is a known fact that many of the country’s citizens who bear the brunt of the sufferings, surprisingly support the policy as they believe that the action would cut corruption, fight terrorism, build an environment of honesty and reinforce the incorruptible leadership of the President.
“President Buhari has also rejected the impression that he lacks compassion, saying that “no government in our recent history has introduced policies to help economically marginalised and vulnerable groups like the present administration.”
FG Approves N24.2bn For Free Internet At Airports, Schools, Markets
THE Federal Government has approved free internet services worth N24.2 billion naira at 20 selected airports, 43 universities and six markets across the country.
The Minister of Communications and Digital Economy Isa Pantami, disclosed this after the Federal Executive Council (FEC) meeting chaired by President Muhammadu Buhari yesterday
Pantami said that the airports were selected from the six geo-political zones.
“Certain intervention projects are going to be implemented by the Federal Government of Nigeria through the Nigerian Communications Commission of providing Internet in 20 selected airports in Nigeria and higher institutions of learning and also some markets to support micro small and medium enterprises.
“In each geopolitical zone, you have around three airports. In the South-West, we have Lagos and Ondo. For the South-East, we have Anambra and Enugu.
“For the South-South, we have Port Harcourt and Akwa Ibom. For the North-Central we have Abuja and Ilorin. In the North-West, we have Kano, Sokoto and Kebbi. For the North-East we have Yola, Maiduguri and Gombe.”
The minister said the markets and 43 institutions which include universities and polytechnics were also drawn from the six geopolitical zones, adding that it will ease e-learning in schools and also enhance the transition to a cashless economy.
Buhari Approves Appointment Of 6 New Perm Secs
President Muhammadu Buhari yesterday approved the appointment of six new permanent secretaries in the Federal Civil Service
The appointments followed after a recent conducted selection process.
The Head of the Civil Service of the Federation (HOCSF),Dr Folasade Yemi-Esan, made this known in a statement by Mohammed Ahmed, Director of Communications of the Office of the HOCSF,
The appointees and their states of origin are Esuabana Asanye (Cross River), Mahmud Kambari (Borno), Richard Pheelangwah (Taraba), Lamuwa Ibrahim (Gombe), Yakubu Kofar-Mata (Kano) and Oloruntola Michael (Ogun).
DSS Confirms Plot To Install Interim Govt
The Department of State Security Service has said that the plot to Instal interim government was real
DSS noted that the plot was “by some key players” to install an interim government and stop Bola Ahmed Tinubu from being inaugurated as president.
A statement on Wednesday, by Peter Afunanya, the public relations officer of the secret police, said: “The Department of State Services (DSS) has identified some key players in the plot for an Interim Government in Nigeria.
“The Service considers the plot, being pursued by these entrenched interests, as not only an aberration but a mischievous way to set aside the constitution and undermine civil rule as well as plunge the country into an avoidable crisis.
“The illegality is totally unacceptable in a democracy and to the peace loving Nigerians. This is even more so that the machination is taking place after the peaceful conduct of the elections in most parts of the country.”
News1 week ago
Ramadan : Church Donates Food, Cash To Muslims
News3 days ago
Of Araraume’s Conundrums And Staying Power
News2 days ago
Ayu Is An Evil That Befell PDP…….. Sen Nnamani
News6 days ago
Breaking: It’s Victory For Ademola At Appeal Court
News1 week ago
Ramadan: Prince Agba Greets Muslim Faithful, Sues For Peace, Religious Tolerance
News3 days ago
Shaibu Mourns Oladipo Diya
….recounts their meeting in detention camp.
News1 week ago
Edo State HoA Election Results : Angry Protesters Storm INEC Office in Benin*
News6 days ago
Just In:CBN Confirms Evacuation of Banknotes to Commercial Banks Nationwide