Anxiety As S’Court Hears Suit On Naira Swap Policy Today

Anxiety grips Nigerians as the Supreme Court is set to hear the substantial suit on the Naira Swap Policy brought before it by the state governments of Kaduna, Kogi and Zamfara today.

This is as the governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has said that the February 10, 2023 deadline for the old naira notes to cease to be in use stands despite the Supreme Court ruling which suspended the currency swap deadline.

The CBN had set February 10, 2023 deadline for the old N1,000, N500 and N200 notes to stop being legal tender in Nigeria.

“The situation is substantially calming down since the commencement of over-the-counter payments to complement ATM disbursements and the use of super agents. There is, therefore, no need to consider any shift from the deadline of February 10,” Emefiele said yesterday during a visit to the Federal Ministry of Foreign Affairs in Abuja to discuss the monetary and currency redesign policy of the apex bank.

The CBN governor insisted that there was no need to shift the deadline. He also said that Point-of-Sale (P0S) agents, who charge above N200 for cash swap, would be arrested and jailed if caught.

The CBN governor further said the PoS operators can come to the CBN to be compensated for any extra cost incurred in getting the new Naira notes rather than charging the customers higher fees. Last week, the Supreme Court ordered the suspension of the February 10 deadline for the naira swap policy pending a final ruling on the suit filed by Kaduna, Kogi and Zamfara State governments slated for today, February 15, 2023.

#Watchvideo : SECURITY FORCES BURST THE CAMP OF UNKNOWN GUNMEN IN AKOKWA

Security Forces in the state through a coordinated intelligence report has bursted the camp of the unknown gunmen at Akokwa, Arondizuogu after a long gun duel which resulted to the death of some of the criminals and others arrested. These criminal elements have been known to be behind several attacks in the state such as the killing of police men in Mbaise, Aba Branch in Ehime Mbano, burning down of police stations, attack and attempted kidnapping of former Governor Ikedi Ohakim, abduction of Miss. P.P. Johnson, a female soldier in Okigwe and recently the attack in Akokwa that left many dead. It is obvious that these daredevil gunmen have been perpetuating their evil plans unabated until yesterday when their camp was bursted by security agencies. This is another assurance that our security operatives are leaving no stone unturned in the fight against banditry and other related activities. While it has become obvious that the activities of these non state actors are politically motivate...

BREAKING: 2Baba Shot Dead In Rivers State

A notorious cult leader and the prime suspect in the brutal murder of the late Divisional Police Officer, SP Bako Angbashim, in the state, Gift Okpara, popularly referred to as 2Baba, has been reportedly killed in a police-led major security raid. The police and other security agencies were said to have conducted land and aerial raids at the identical hideout of the Iceland cult leader and his gang at Idu-Ekpeye in Ahoada East local government area of Rivers on Saturday, February 17. According to The Nation , the Iceland cult leader was reportedly feared dead after the operation. Recall that in September 2023, the late DPO was ambushed and captured by the cult group led by 2Baba in the Odiemudie community, Ahoada East LGA. 2Baba and his gang then took the DPO to the forest, where they killed him and dismembered his body. The cultists then filmed him. Another source, Obi, said he saw no less than 15 vehicles and an Armored Personnel Carrier (APC) during th...

Prominent Leaders Pay Tribute to Late Sen Ifeanyi Ubah, at Anambra Community Candlelight Procession in Awka

Hundreds of mourners, friends, well-wishers, media representatives, and party faithful gathered are presently at Emmaus House in Awka for a candlelight procession to honor the late Senator Ifeanyi Ubah. Chief Egwuonwu in his speech expressed his deep grief over the loss of his friend and brother, Senator Ubah, saying it's hard to find words to convey his emotions. However, he says that he finds solace in the tremendous impact Senator Ubah had on the lives of those he encountered. Chief Owelle Mbaso, leader of Anambra Former Political Appointees in paying glowing tribute said that Senator Ubah led a life worthy of emulation. He said "he knew he wouldn't pass this way again,reason he ensured he impacted on several life's without expecting anything in return." Mr Linus Williams, BLord in a glowing tribute recounted how Late Senator Ubah helped him when he was wrongly accused of sponsoring terrorism. He said " even though I have not meet him or seen ...

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