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.

Tinubu Appoints Chioma Awuzie Substantive Rector, Fed Poly Oko

President Bola Ahmed Tinubu has approved the appointment of Dr. Chioma Irene Awuzie as the substantive Rector of Federal Polytechnic, Oko, Anambra State. Dr. Awuzie's appointment, which takes effect immediately for a five-year term, follows the recommendation of the Polytechnic's Governing Council, chaired by Sen. Dr. Barnabas Gemade, after a transparent and competitive selection process where she emerged as the leading candidate. Prior to her appointment, Awuzie, who holds a Doctorate Degree in Physical and Materials Chemistry, was a distinguished Chief Lecturer in the Department of Science Laboratory Technology (Chemistry Option) and also Director in-charge of Tertiary Education Trust Fund (TETFund) Projects in the Polytechnic. Under her stewardship, Federal Polytechnic, Oko, witnessed unprecedented advancements in infrastructure and institutional transformation. Her leadership facilitated monumental developments across the Polytechnic’s campuses in Oko, ...

#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...

Valentine Ozigbo Resigns from Labour Party

In a shocking move, against all speculations over the last few days, Valentine Ozigbo, a close ally of Peter Obi, has announced his resignation from the Labour Party (LP). Ozigbo confirmed his decision to Diaspora Digital Media on Wednesday, February 19, 2025, but declined to provide further details, opting instead to share his reasons during an interactive session on X (Twitter) Space. The session, scheduled for 8 PM, will feature Ozigbo in conversation with Anambra's First Son, @uchepokoye, discussing pressing issues affecting Anambra State, including security challenges, societal fabric collapse, and the hope for a better future. Ozigbo's resignation has sparked interest, with many awaiting his detailed explanation for leaving the Labour Party. His decision comes at a critical time for the party, which has been navigating various challenges in recent months. Credit: Diaspora Digital Media

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