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Naira Notes: CSOs tackles Supreme Court over order on currency
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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‘Establishment of criminality’ did not allow INEC server work – Peter Obi
Former presidential candidate of the Labour Party, LP, Mr Peter Obi, said it was the ‘establishment of criminality’ that made the Independent National Electoral Commission, INEC, servers not work during the last presidential election.
Obi, who insisted that the people must one day make it to work, explained that Amazon testified there were no glitches recorded globally on the day of the presidential election.
The former Anambra State governor made the statement on Friday in Canada while addressing the issues about the last general election, including IREV servers.
DAILY POST reports that the LP presidential candidate was in Canada for a “thank you” tour to appreciate Nigerians living in the country for their support offered him during the 2023 campaign/ general elections.
He said: “Where did we go wrong in the last election? We didn’t go wrong anywhere. We did the right things. But as I can always tell people: when you bring a change, you fight all those who live off the old order. They don’t go away; they gang up. And don’t think it’s a straight race to remove an establishment. It’s a long-distance journey anywhere in the world. Go and check anywhere, whether you are looking at what happened in India, with Mandela in South Africa, or America. No change has happened overnight, it takes time. I urge all of you, if you really want change, we have just begun. We just have to continue from where we are.
“Yes, there might be one or two things we will correct, those things we will correct. I assure you we are correcting them without naming them.
It’s not going to be easy.
“The INEC server was the same as the establishment. The server would not work because it was the establishment that made it so it wouldn’t work. It’s ours to continue to say that it would work. But there was no glitch. Amazon came and said there was no glitch. Amazon glitch is noticed globally – it’s recorded globally. And at that period, we brought down an Amazon person who said this is the number of glitches we have had since inception. And there was none that it reported that day. We know it didn’t occur. It was the glitch of the establishment criminality that was in the system. And we must one day make it work.”
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Special agro-industrial project will create jobs for 200,000 persons in Anambra – AFDB
Dr Chuma Ezedinma, Agricultural Economist at African Development Bank (AFDB), says the Special Agro-Industrial Processing Zone programme (SAPZ), will create jobs for no fewer than 200,000 residents in Anambra.
Ezedinma spoke with newsmen on the sidelines of a meeting tagged “Preparation Mission for the Development of the second phase of SPAZ programme” on Saturday in Anambra.
The meeting on the SPAZ-2 programme had officials from the Federal Ministries of Finance, Agriculture and Food Safety, AFDB, and the Anambra State Government.
According to him, AFDB is very much interested in what is happening in the state because Anambra’s presentation on the SPAZ project is the best seen so far, and shows the state’s readiness to run.
“From what we have seen, about 450 hectres of land will be dedicated to the industrial site.
“We are looking at approximately 5,000 farm families per zone. Multiply it by three zones, you have 15,000 farm families in the state.
“If you also add other secondary jobs that will be created in the park itself, you will see that we are creating real massive employment for more than 200,000 people over the next five years.
“The state government had already committed resources to put infrastructure in place and there is also a private sector interest to deliver this programme within a very short time,” he said.
Also speaking, Dr Louis Enaberue from the Federal Ministry of Agriculture and Food Security, commended Anambra State Government for its preparedness for the phase two of the SAPZ programme.
“What we saw in Anambra’s presentation shows they are ready for the phase two of SPAZ and I hope and pray they meet the grade.
“The state government is expected to pay 50 per cent counterpart fund, provide the land and other infrastructure for the project, and they are already working towards achieving them,” he said.
Similarly, Dr Forster Ihejiofor, the state’s Commissioner for Agriculture, said that the state’s Investment Promotion and Protection Agency, and the Ministry of Industry were working tirelessly to ensure that the SPAZ project was ready to go in Anambra.
“Clearly, we are ready because this project will transform agriculture in the state as it will increase farmers’ incomes, foster job creation and enhance food security in the state and country at large,” Ihejiofor said.
The delegation visited the three proposed sites for the SPAZ-2 project in Ayamelum, Ogboji in Orumba South and Ufuma in Orumba North Local Government Areas of the state.
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