Just another News Updates
Governor Bello Mohammed has described the recent Supreme Court verdict on old currency notes and subsequent compliance by the Central Bank of Nigeria as a victory for all Nigerians. Governor Matawalle believes that the Court procedure which culminated into the reversal of the earlier CBN’s rash implementation of the cashless policy is for the good […]
My dear Lagosians, I have noted the difficulties that you have been having over the naira redesign crisis. I feel your pains. Kindly note that commercial banks have been directed to accept the old N500 and N1,000 notes as deposits and pay them out for withdrawals. Putting the needs of our residents above all, we […]
The Nigerian Bar Association (NBA) has asked President Muhammadu Buhari to immediately direct compliance with the terms of the order by the Supreme Court in its judgement delivered on 3 March 2023 in respect of the naira redesign policy. NBA’s position is contained in a statement on Monday by its President, Yakubu Maikyau (SAN). Part […]
Human Rights Writers Association of Nigeria (HURIWA) on Sunday demanded the immediate arrest of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, and the Attorney-General of the Federation, Abubakar Malami, over their roles in the crisis trailing the redesign of naira notes. The duo had come under severe criticism from Nigerians over […]
State governments, which sued the Federal Government (FG) on the naira redesign policy, have given the Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, SAN, and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, till Tuesday to comply with the Supreme Court order extending the validity of the […]
The Lagos State Government has noted the hardship sparked by the Naira redesign policy, which has affected business and commercial activities. There is no reason to reject the old notes, going by the Supreme Court judgement delivered on March 3, 2023. The apex court declared that “no reasonable notice was given as required by Section […]
1- GOVERNOR SOLUDO: SPECIAL PUBLIC ANNOUNCEMENT Commercial banks have been directed by the Central Bank to dispense old currency notes and to also receive same as deposits from customers. 2- Tellers at commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company […]
A Senior Advocate of Nigeria, Emeka Etiaba, said that President Muhammadu Buhari’s directive to the Central Bank of Nigeria Governor, Godwin Emefiele will end the lingering currency crisis in the country. Emeka said this on Monday during an interview with channels television. He stated; “The Federal Government has been directed by the Supreme Court, by […]
The Kogi State Government on Friday ordered the arrest and prosecution of individuals and businesses rejecting the old naira notes. A statement by Commissioner for Information, Kingsley Fanwo congratulated Nigerians on the “historic ruling of the Supreme Court”. The apex court last week ruled that both the old and new naira notes remain legal tenders […]
The Central Bank of Nigeria said that both old and new notes are now legal tender. The Acting Director of Corporate Communications CBN, Dr Isa Abdulmumin disclosed this on Tuesday. He affirmed that commercial banks have started issuing both the old and new notes to their customers. But insisted that the apex bank is yet […]