CBN

Ondo State Governor, Arakunrin Oluwarotimi Akeredolu, SAN, has asked President Muhammadu Buhari to direct the Governor of Central Bank of Nigeria (CBN), ...

We will be in Ondo for the next two days to meet with the youths. Wale Akinterinwa; and the Director-General of the Project Performance and Implementation Monitoring Unit (PPIMU) Mr. And when it got to the south, we didn’t waver when we said competence and track record are important. “We didn’t waver when we said that the Presidency must come to the South. Most especially for young Nigerians and youths in the state. We have said that this man (CBN Governor) should be removed when he contested to be President.

Ondo State Governor, Rotimi Akeredolu, has said that the problem created by the fuel and naira scarcity, have affected the ratings of the All Progressive ...

“We didn’t waver when we said that the Presidency must come to the South. We will be in Ondo for the next two days to meet with the youths. Most especially for young Nigerians and youths in the state. A man who attempted to be President will frustrate us at this time.” This policy is not right at this time. Our rating as a party is not that favorable.

Di Supreme court wey go sit for Abuja to hear all parties and decide di mata today, bin order di CBN and Nigeria goment to match break for di implementation ...

Dis one make some angry customers attack banks and stage protests for some parts of di kontri. Oda videos show some bank customers dey naked diasef to protest sake of say dem no see moni collect for bank. Some banks don shut down to guarantee dia staff safety while some dey close early and also take oda preventive measures against kasala. “Even if dem add one year, problems wey dey associated with selfishness and greed no go go away." Adedipe say sake of di injunction by di Supreme Court, di 10 February deadline no go fit happun again. Tok-tok pesin for di president, Garba Shehu, release statement afta members of di Progressive Govnors Forum visit di president. Di policy cause kata-kata for many parts of di kontri as some banks dey hoard di new naira notes and customers no see both new and old naira notes collect for counter and ATMs. As di issue of old and new naira notes dey cause katakata for di kontri, especially di way wey di new notes dey scarce. “Supreme Court na di top court for di land and dia pronouncement na final so anything dem tok on Wednesday go bind.” Afta di Supreme Court give di order say make CBN match brake for di old naira notes to stop to be legal tender, di Attorney-General of di Federation (AGF), Abubakar Malami, also ask di Supreme Court to dismiss di suit wey di three state goments file to challenge di naira redesign policy of di Central Bank of Nigeria (CBN). “If some set of states dey aggrieved and dem tink say di Supreme Court get di power to listen to dem, until di mata dey looked into, e dey proper make dem preserve di subject mata, na im be wetin just happun,” di lawyer tok. Wetin dis mean according to di counsel to di plaintifs, Abdulhakeem Mustapha be say both currencies still remain legal tender for di kontri and If CBN do oda wise, e go mean say dem dey go against di Supreme Court.

Last week, the Supreme Court gave an interim order barring the federal government from implementing the 10 February deadline set for...

The CBN is not a party to the suit filed by the state governments. Good journalism costs a lot of money. The state governments want the Supreme Court to direct the federal government to allow the continued use of both the old and the new naira notes.

By Olaitan Oye-Adeitan, Yemisi Owonikoko, Maxwell Oyekunle With the adjournment of the suit on the redesigned naira brought before the Supreme Court by ...

The Central Bank insisted the old notes had ceased to be legal tender since the 10th of February and asked customers still having the old notes to visit the apex bank to deposit the old notes with laid down guidelines. But, this has not been the case. Hundreds of customers besieged the Central Bank of Nigeria, Ibadan branch, on Wednesday, 15th February to deposit their old naira notes as commercial banks in the metropolis refused to collect the old notes.

Two Abuja-based legal practitioners have dragged President Muhammadu Buhari, the Central Bank of Nigeria, CBN, and five others before a Federal High Court.

In their 16-paragraph affidavit in support of the originating summons, the plaintiffs averred that the declaration of a deadline by CBN for the exchange of the old naira notes with new ones is a contributing factor to the widespread fuel scarcity which has made life unbearable for the vast majority of Nigerians. The plaintiffs applied for another order stopping Buhari, CBN and other defendants from enforcing the February 10 deadline until such a period when the new naira notes have been made available to the vast majority of Nigerians. The two lawyers, Ayodele Ademiluyi and Aare Oladotun Hassan are praying the court to compel the CBN to act in compliance with Section 22 of its Act and Section 1 (3) of the Banks and other Financial Institutions Act 2020 to allow them and entire Nigerians redeem old naira notes with new ones beyond February 10 and 17, 2023.

Three states, Kogi, Kaduna and Zamfara had dragged the federal government to the Supreme Court asking that the February 10 deadline by the Central Bank of ...

“The position of the government and the CBN will be made known upon the determination of the suit coming up tomorrow. “We wish to state that it is not true that the Federal Government or the Central Bank of Nigeria, CBN have taken a preemptive action on the legality of currency as a legal tender in view of the pendency of the case before the Supreme Court. But the Federal Government last night said that decision will only be taken after the determination of the suit in the Supreme Court.

At the last hearing, the Court had temporarily banned the implementation of the February 10 deadline of the CBN making the old N200, N500 and N1,000 notes ...

Bayelsa State, led by Damian Dodo, has also applied to be joined in the suit as a respondent. Similarly, Edo State applied to be joined as a respondent. Other states, namely Niger, Kano, Ondo, Ekiti, have also applied to be joined in the suit against the CBN and the Federal Government.

Some bank customers in Bayelsa State, on Wednesday, besieged the Yenagoa branch office of the Central Bank of Nigeria to deposit their old naira notes as ...

“CBN told us they have initiated a website where we will fill a form online and bring your money to deposit, then submit your account details. I don’t know what to say; everybody in Nigeria is frustrated and they don’t know what to do. “They (the bank officer) also told us that if you know anybody that is banking with those banks, you can collaborate with them, give them your money to deposit.

Di CBN bin already declare say di old naira notes no longer dey recognized as legal tender, despite di Supreme Court order to hold am till dem hear and make ...

Oda videos show some bank customers dey naked diasef to protest sake of say dem no see moni collect for bank. Dis one make some angry customers attack banks and stage protests for some parts of di kontri. Some banks don shut down to guarantee dia staff safety while some dey close early and also take oda preventive measures against kasala. Di policy cause kata-kata for many parts of di kontri as some banks dey hoard di new naira notes and customers no see both new and old naira notes collect for counter and ATMs. For Warri, Delta State, one video show where bank customers dey climb step escape sake of say angry customers wey no see cash collect begin attack di bank staff. If di bank account no dey valid, di bank go then return di money.