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Court Stops CBN From Enforcing February 10 Deadline for Old Naira Notes

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In a significant legal development, the Supreme Court of Nigeria has issued an interim injunction restraining the Federal Government and the Central Bank of Nigeria (CBN) from enforcing the February 10 deadline for the cessation of the old N200, N500, and N1,000 naira notes as legal tender.

This ruling comes in response to a motion filed by the governments of Kaduna, Kogi, and Zamfara states, which argued that the policy’s implementation timeframe was causing undue hardship for Nigerians.

The three states contended that the scarcity of the new naira notes had led to significant difficulties for their residents, particularly those in rural areas lacking adequate banking infrastructure.

They emphasized that many citizens had been unable to exchange their old currency due to the limited availability of the new notes, resulting in economic strain and social unrest.

In its ruling, the Supreme Court acknowledged these concerns and granted an interim order, halting the enforcement of the February 10 deadline until the substantive hearing scheduled for February 15. This decision effectively allows the old naira notes to remain in circulation alongside the new ones, providing temporary relief to Nigerians grappling with the transition.

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The CBN had previously set the February 10 deadline as part of its currency redesign policy aimed at curbing inflation and reducing the prevalence of counterfeit currency. However, the policy has faced criticism due to the challenges associated with the rapid rollout of the new notes and the limited time frame for the public to adapt.


 

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Atiku Says Opposition Coalition Is to Protect Nigeria Not Fight Tinubu

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Former Vice President Atiku Abubakar has explained the reason behind the formation of the new opposition coalition led by the African Democratic Congress (ADC). According to Atiku, the coalition was created to defend Nigeria’s democracy from what he sees as growing authoritarian tendencies and the manipulation of elections under the current ruling party.

He emphasized that the alliance is not about political heavyweights like himself, Peter Obi, Rotimi Amaechi, or Nasir El-Rufai battling for the 2027 presidency, but about safeguarding the country’s democratic future.

Atiku made it clear that the movement isn’t aimed at attacking President Tinubu, but rather focused on putting Nigeria first. “This isn’t about fighting Tinubu,” he said. “It’s about protecting democracy and making sure Nigerians come first.”


 

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First Lady Oluremi Tinubu Urges Super Falcons to Bring Home WAFCON Trophy

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Nigeria’s First Lady, Oluremi Tinubu, has urged the Super Falcons to give their all and bring home victory as they face hosts Morocco in the final of the 2024 Women’s Africa Cup of Nations at the Olympic Stadium in Rabat. With just 90 minutes standing between them and a record-extending 10th WAFCON title, the First Lady praised the team for their performance so far and encouraged them to finish strong.

In a video message shared on the Super Falcons’ official X account, she said, “My beautiful Super Falcons, congratulations on reaching the final. Your team spirit, dedication, and professionalism have been remarkable. You’ve become shining examples for young girls across Nigeria and Africa.”

She added, “As you take the field, may God grant you victory. Go and make us proud. Nigerians, including myself, are waiting to welcome you back with the trophy in your hands.”


 

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Abia State Unveils New Water Project in Okwoyi, Brings Relief to Residents

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Abia State recently welcomes new water project in Okwoyi Isieke Ibeku in Umuahia North LGA, for the first time in 130 years.

The project was carried out by the Abia State Ministry of Power and Public Utilities through the Abia Rural Water Supply And Sanitation Agency.

This project officially offered its residents clean and filtered water after many years of unclean water and unhealthy living.

The Abia State Commissioner for Power and Public Utilities, Ikechuckwu Monday, shared that this was a move to improve the living conditions of the residents and promote a healthy environment and living.


 

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