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JUST IN: Kano Government Sues FG Over Naira Redesign Policy

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The Kano State Government on Thursday evening filed a suit against the Federal Government at the Supreme Court in respect of the naira redesign policy of the Central Bank of Nigeria.

In suit number: SC/CS/200/2023, the Kano State Attorney General, through his Counsel, Sunusi Musa, SAN, is asking the apex court to declare that President Muhammadu Buhari, cannot unilaterally direct the CBN to recall the now-old N200, N500 and N1,000 banknotes without recourse to the Federal Executive Council and National Economic Council, respectively.

The Kano government is praying a mandatory order seeking a reversal of the Federal Government policy to recall the N200, N500 and N1,000 notes from circulation due to the policy affecting the economic well-being of over 20 million Kano citizens.

The applicant is also seeking for mandatory order, compelling the Federal Government to reverse the naira redesign policy for alleged failure to comply with 1999 Constitution (as amended).

The applicant is similarly praying for mandatory seeking the apex court to compel the Federal Government to reverse the cash swap policy for allegedly not complying with the 1999 constitution and other extant legislation.

“A Declaration that the combined reading of the provisions of the section 148(2) of 1999 constitution and Part 1, and Paragraph 19 of the Third Schedule thereof, the President cannot unilaterally without recourse to the Federal Executive Council and National Economic Council respectively give approval to the Central Bank of Nigeria for the implementation of cash withdrawal limit pursuant to the demonetization economic policy of the Federal Government of Nigeria,” the suit read.

In the originating summon, the Kano State Government, further prayed for a declaration, that the president’s directive to the CBN for the implementation of cash withdrawal limits policy pursuant to the demonetisation of Federal Republic of Nigeria without recourse to FEC and NEC respectively is unconstitutional, illegal null and void.

The applicant is also praying for a mandatory order reversing the policy of the Federal Government on the recall of the old currency notes for allegedly failure to comply with the provisions of Constituiton and other extant legislation.

Recall that on Wednesday, the Supreme Court gave an interim order to the CBN not to end the use of old naira notes on February 10, 2023 in an ex-parte application by the three applicant states including Kaduna, Kogi and Zamfara.

BIG STORY

May 29: President Tinubu Begins Nationwide Project Inauguration To Commemorate His Admin’s First Anniversary

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Nigeria’s President, Asiwaju Bola Ahmed Tinubu, on Saturday, departed Abuja for Lagos to begin the commissioning of projects completed under his administration.

The president’s first stop this week is Lagos, as he will be visiting various parts of the nation from Sunday (tomorrow) through Friday to commission other projects.

This is to commemorate Wednesday, May 29, the first anniversary of his administration.

A State House press statement titled, “President Tinubu Set To Inaugurate Projects To Mark One Year In Office,” and signed by the Special Adviser Information and Strategy, Bayo Onanuga revealed this.

“In Lagos on Sunday, the President will inaugurate the concrete-paved road to the nation’s major ports in Apapa and Tin Can Island. The reconstructed road which began under the Muhammadu Buhari Administration was financed by the Dangote Group, using its tax credits.

“On the same day, President Tinubu will formally inaugurate, by virtual means, the refurbished Third Mainland Bridge, which has drawn public acclaim for its excellent finishing and aesthetic furnishing.

“He will also commission, virtually, the rehabilitation of 330 roads and bridges across the country.

“The high point of the President’s engagements on Sunday will be the inauguration of the iconic Lagos-Calabar Superhighway, estimated to cost about N15 trillion,” it read.

The statement also stated that work has begun on the legacy project that will connect nine coastal states, with Section Two already awarded to Hitech Construction Limited.

It further noted that Tinubu will return to Abuja on Tuesday to continue the commissioning spree.

“President Tinubu will return to Abuja on Tuesday to begin another round of commissioning. He will first inaugurate the Southern Parkway, which the Nyesom Wike-led FCT Administration named after him.

“On Wednesday, the President will attend the National Assembly Dialogue Series, after which he will unveil the National Assembly Library Complex, named after him,” it added.

Commissioning of the Abuja Metro (Abuja Light Rail) project will also take place on the same day.

“President Tinubu will leave the National Assembly to relaunch the commercialisation of Abuja Light Rail, also known as Abuja Metro. He will symbolically join a train ride to the city centre.

“The Abuja Metro was completed in 2018 by the Buhari Administration. It was put into commercial use up till 2020. But with the onset of COVID-19, the train service was abandoned. Vandals descended on the facility, putting it out of use.

“FCT Minister Wike, after spending $15 million and building access roads to the various stations, has refurbished it for commercial service.

“After the train ride, President Tinubu will also inaugurate the Wuye Flyover-Link Bridge and the Defence Intelligence Agency Headquarters,” the statement read.

The last item will be the commissioning of a gas centre in Utako.

“On Friday, May 31, President Tinubu will commission the NASENI-Portland Compressed Natural Gas(CNG) Reverse Engineering Centre at Utako,” it concluded.

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JUST IN: President Tinubu Arrives Lagos For Flag-Off Of Lagos-Calabar Highway

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Nigeria’s President, Asiwaju Bola Ahmed Tinubu, has arrived in Lagos State ahead of the highly anticipated flag-off of the Lagos-Calabar highway construction project.

He was received by Governor Babajide Sanwo-Olu and other top government officials at the Murtala Muhammed Airport.

According to Dave Imani, the Minister of Works, the president is scheduled to officially launch the road’s construction on May 26.

Also, President Tinubu is expected to inaugurate several other projects in the state, marking a significant milestone ahead of his first anniversary in office.

 

More to come…

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Deposed Emir Of Kano Bayero Breaks Silence, Says Justice Will Prevail

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Aminu Ado Bayero, the deposed Emir of Kano, has broken his silence following his dethronement as the 15th Emir of Kano State.

Bayero stated that justice would prevail while urging residents to maintain law and order.

He made this known on Saturday in his native language at the mini-palace where he has been since returning to the state after dethronement.

He, however, pledged to follow whatever the law states, saying that Kano is too important to Nigeria.

“I call on the people to remain law-abiding while awaiting the outcome of the legal process in this tussle.

“We call on the authority to do justice in this matter. Kano is a very influential state in Nigeria. Whatever affects Kano affects Nigeria. May peace reign in Kano. We pray for Allah to bless Kano with responsible and just leaders.

“Justice is the way to go on every issue. There will be justice. Nobody is above the law. We will accept whatever the law says. I appreciate all the people who have shown concern. As I said, justice will take its course. We will keep on praying for peace in Kano State. May Allah the Almighty protect us,” he said.

The deposed monarch arrived in the ancient city in the early hours of Saturday.

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