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Naira Notes: CSOs tackles Supreme Court over order on currency

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The Coalition of Civil Society Organisations (CSOs) of Nigeria has asked the Chief Justice of Nigeria, Justice Olukayode Ariwoola to vacate the order by the Supreme Court restraining the Federal Government from implementing the February 10 deadline for the validity of old 200, 500 and 1000 naira notes

Speaking during a press conference on Wednesday in Abuja, the National Coordinator of the group, Obed Okwukwe, claimed that Supreme Court does not have the jurisdiction to entertain the matter.

“We say it categorically that the Supreme Court does not have the jurisdiction to entertain that matter that has been presented before it by some state Attorney General. We the CSOs are rejecting it.

“It is a plot to open bank vaults to enable vote buyers and holders of illicit wealth to have cash to buy votes. We urge the CJN to hurriedly vacate the Ex-parte order in the overall interest of the Nigerian election,” Okwukwe said.

He said according to the 1999 Constitution, as amended, the apex court has the right and original jurisdiction to entertain matters between states and the Federal Government. The rights activist argued that the naira redesign policy is a policy of the Central Bank of Nigeria (CBN) and has the backing of the Federal Government and ought not to be entertained by the Supreme Court.

Earlier on Wednesday, the Supreme Court restrained the Federal Government from implementing the February 10 Deadline for the old naira notes.

Three northern states — Kaduna, Kogi and Zamfara — had in a motion ex-parte filed on February 3rd, by their lawyer, AbdulHakeem Mustapha (SAN), prayed the apex court to halt the Central Bank of Nigeria (CBN) naira redesign policy.

A seven-man panel of the Supreme Court led by Justice John Okoro, in a unanimous ruling, granted an interim injunction restraining the FG, CBN, commercial banks etc from implementing the February 10, deadline for the old 200, 500 and 1000 Naira notes to stop being a legal tender.

The court further held that the FG, CBN, commercial banks must not continue with the deadline pending the determination of a notice on notice on in respect of the issue on February 15.

By this ruling, the old Naira notes continue to be legal tenders in Nigeria.

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Unite against plastic pollution: HOMEF’s World Earth Day message

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In observance of the 2024 World Earth Day, the Health of Mother Earth Foundation (HOMEF), a non-governmental organization, has rallied for a unified effort to combat the pervasive issue of plastic pollution plaguing the planet.

HOMEF’s media officer, Kome Odhomor, issued a statement in Yenagoa emphasizing the necessity of concerted action to eliminate the scourge of plastics and preserve the well-being of all life forms. Dr. Nnimmo Bassey, Executive Director of HOMEF, echoed this sentiment, urging individuals worldwide to actively safeguard the environment within their local communities.

“Today presents a critical juncture where we must choose between the sustenance of our planet and the proliferation of plastics,” remarked Dr. Bassey. “While the allure of convenience may tempt us towards plastic usage, we must prioritize the health of our planet, which sustains all life forms. Failure to do so could lead us down a path of plastic dependency, resulting in dire consequences for our health, climate, and the overall ecological balance.”

HOMEF emphasized the imperative to recognize World Earth Day as a poignant reminder of our collective responsibility to protect and preserve the Earth. This year’s theme, “Planet Vs Plastic,” underscores the urgent need to forge a sustainable future for humanity, wildlife, and natural ecosystems.

“Our addiction to single-use plastics is suffocating the planet,” stated HOMEF. “These non-biodegradable materials persist indefinitely, clogging our environment and posing grave threats due to their chemical composition. The rampant production of plastic, coupled with dismal recycling rates, underscores the magnitude of the challenge we face.”

Acknowledging global efforts to reduce plastic consumption, HOMEF commended initiatives advocating for a 60 percent reduction in plastic usage by 2040. Additionally, the organization stressed the importance of embracing sustainable alternatives to mitigate the adverse effects of plastic pollution.

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IGP wants NSCDC, FRSC merged with police

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The Inspector General of Police, Mr Kayode Egbetokun, has advised the Federal Government to merge the Nigeria Security and Civil Defence Corps (NSCDC) and the Federal Road Safety Corps (FRSC) with the police for effectiveness.

Egbetokun said this at the National Dialogue on State Policing, organised by the House of Representatives on Monday in Abuja with the theme “Pathways to Peace: Reimagining Policing in Nigeria”.

The I-G, represented by the Assistant Inspector General (DIG) of Police, Mr Ben Okoro, said that the NSCDC and the FRSC were a duplication of the police.

Egbetokun also said that Nigeria was not ripe enough for state police urging those calling for state police to work toward merging the NCDSC and the FRSC with the police for effectiveness.

He said the police were battling with inadequate training as well as lack of adequate manpower.

He said that most police barracks had dilapidated due to lack of maintenance and renovation.

“This has have a negative impact on the performance of the policemen,” he said.

Egbetokun also faulted calls for state police saying that Nigeria was not matured enough for state police.

He added that state police would create avenues for state governor to use it to suppress the opposition in their states.

He said creating state police would also lead to the problem of jurisdiction, which would bring about conflicts of interest.

He added that the state police would not be able to combat terrorism, kidnapping, and banditry, because they required enormous resources to combat.

He also said that there was a need to improve the training of personnel to enable modern policing, adding that funding was necessary to also help maintain internal security.

The Chief of Defense Staff, Gen. Christopher Musa, said that there was need for comprehensive and effective security framework to tackle rising security challenge in the country.

Musa, represented by Maj. Gen. Kunle Ariyibi, said that the security and safety of the country was paramount.

“I is imperative that we come together to find sustainable solutions.

” It is through collaboration and a shared commitment to the common good that we can develop policies and strategies that will enhance the security infrastructure of our dear nation,” he said.

Musa said it was imperative to create a security framework that would be inclusive, responsive, and capable of safeguarding the rights and freedoms of all Nigerians.

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Tinubu appoints Agama as SEC DG

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President Bola Tinubu has approved the appointment of Mr. Mariga Aliyu Katuka as the Chairman of the Securities and Exchange Commission (SEC).

The SEC is the main regulatory institution of the Nigerian capital market and supervised by the Federal Ministry of Finance.

The Special Adviser on Media and Publicity to the President, Ajuri Ngelale, said in a statement on Friday in Abuja his principal also appointed Mr. Emomotimi Agama as the Director-General of the commission.

Also appointed into the board of SEC are Frana Chukwuogor, Executive Commissioner (Legal and Enforcement), Mr. Bola Ajomale, Executive Commissioner (Operations), Mrs. Samiya Hassan Usman, Executive Commissioner (Corporate Services), Mr. Lekan Belo, Non-Executive Commissioner and Mr. Kasimu Garba Kurfi, Non-Executive Commissioner.

“The President anticipates that all members of the Board of this critical commission will bring to bear their wealth of experience and competence in advancing the commission’s core mandate of developing and regulating a capital market that is dynamic, fair, transparent, and efficient, to bolster investor confidence and contribute immeasurably to the nation’s economic development,” the statement added.

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