Skip to main content

Old naira notes remain legal tender – Supreme Court


The Supreme Court has said its February 8 order barring the Federal Government and its agencies from enforcing the February 10 deadline for the use of old 200, 500 and 1000 naira notes still subsist.

The court made the clarification on Wednesday following complaint by lawyer to Kaduna, Kogi and Zamfara states, Abdulhakeem Mustapha (SAN) that the Fed Govt and its agencies have failed to comply with the order and have allegedly directed the rejection of the old notes.

Mustapha said the plaintiff filed a notice of none-compliance with the order of the court order made on February 8. And demanded that the court take action against the respondent to protect the dignity of the court.

He added: “That order has been flouted by the government. We are talking of executive lawlessness here. We have filed an affidavit to that effect…We want the court to renew the order for parties to be properly guided.”

 

Comments

Popular posts from this blog

CR7 faces 30 Days Ban if found Guilty

The possibility of a suspension looms over Al Nassr striker Cristiano Ronaldo. The Portugal international may be suspended again as part of the investigation launched into his former club Juventus’ false bookkeeping and transfer irregularities in the past. Italian journalist Paolo Ziliani said that 15 points were recently deducted from Juventus after an investigation into their finances by an Italian court. Ziliani reports that the scope of the punishment for the Italian giants could stretch beyond Italy and to players such as Cristiano Ronaldo’ who are no longer at Juventus. If Cristiano Ronaldo or any other player is found guilty of falsely reporting lower wages, they could be banned for 30-plus days. Ronaldo was at the Turin-based club between 2018 and 2021 and could receive this punishment. “All members involved were questioned and admitted the circumstances [as part of the investigation],” he said according to Sportbible.

Dani Alves' day-to-day life in jail

Dani Alves  Dani Alves remains behind bars in Brians 2 Prison, located in Sant Esteve Sesrovires, near the Catalan capital of Barcelona. He was taken to jail more than a week ago after being accused of an alleged a sexual assault in a nightclub. His lawyer, Cristabal Martell, is expected to file an appeal to request the provisional release of the Brazilian right-back. Meanwhile, La Vanguardia has published an article this Sunday in which they reveal how Alves' life in prison is, according to multiple sources, a mix of people who are official, unofficial, inside and outside the penitentiary center. The Catalan newspaper has indicated that Alves' "adaptation is being exemplary". How is Dani Alves' life in prison? They even reveal that Alves, who was arrested on January 20, accused of a sexual assault allegedly committed in the Sutton nightclub in Barcelona on December 30, has already played his first football match with the other inmates. It happened last Thursday a...

Mobile Transfers Peaked Highest in January with 108M Transactions

  The month of January 2023 recorded the highest number of mobile money transactions since its inception at 108 million, numbers released by the Nigeria Inter-Bank Settlement System (NIBBs) has revealed. This is coming on the back of the Central Bank of Nigeria’s (CBN) stance on its cashless policy. This peak is also a ripple effect of the naira redesign that has steered more Nigerians to using alternative mode for transactions.   The NIBBS figures showed that a total of 108.135 million transfers were made in the month of January while the value of mobile transactions in September 2022 stood at N2.37 trillion. Analysis of the numbers showed that although the volume of transactions peaked in January, the value of transactions via mobile money declined marginally from N2.48 trillion in December but grew by 44 per cent compared with N1.05 trillion in January 2022. Also, the value and volume of electronic transactions done through the Nigeria Inter Bank Settlement System Inst...