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Ogun To Shut Banks Rejecting Old Notes, Joins Suit Against CBN, FG

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Ogun State Governor, Prince Dapo Abiodun, has warned that the state government will shut down any bank that refuses to accept old naira notes in the state.

This is coming on the heels of an application filed at the Supreme Court, to join an ongoing suit against the Federal Government over the new naira policy implemented by the Central Bank of Nigeria.

The warning is sequel to complaints received from the people that some commercial banks and some filling stations are rejecting the old naira notes.

Governor Abiodun gave the warning on Tuesday, 14 February 2023, during his re-election campaign tour of Abeokuta North Local Government, while addressing party faithful and Market men and women, at different gatherings.

The Governor frowned at the action of the banks, noting that, since the new naira notes are not available, commercial banks must accept and also give out the old notes, as ruled by the Apex Court and agreed by the National Council of State, to ease the suffering of the people.

The state government had earlier filed an application at the Supreme Court, seeking to join Kaduna, Kogi, and Zamfara States, in a suit against the Federal Government of Nigeria, over the policy which introduced new notes of N200, N500, and N1000.

The state, in a Motion of Notice filed by its counsel, Afe Babalola and Co, on February 13, sought to be joined as the 4th plaintiff/applicant, in a suit number SC/CV/162/2023.

The applicant in the Notice further stated that it sought to be a co-plaintiff for the just and effective determination in the suit instituted by the other three plaintiffs.

The Governor called on the people to remain calm, assuring that his government was working assiduously to ensure that the present situation was brought under control.

The state also notified the Supreme Court that it shall rely on all the processes already filed in this action in addition to the affidavit in support of the application.

Listing 13 grounds upon which the application was predicated, the plaintiff submitted among others, that the implementation of the CBN policy has thus far negatively affected the citizens all over the federation which includes Ogun State, and left several residents of the state stranded, cash strapped and frustrated leading to riots, grievous interruption of commercial activities, and a gradual economic downturn in the state.

It added in the Motion on Notice, that the plaintiffs commenced this suit vide an Originating Summon, dated on the 3rd of February, 2023 challenging the policy of the Federation being currently carried out by the Central Bank on Nigeria on the ground that same is not in compliance with the extant provisions of Constitution of the Federal Republic of Nigeria, 1999 (as amended) and Section 20 (3) of the Central Bank of Nigeria Act, 2007 and the extant laws of Ogun State.

The plaintiff submitted further that: “Ogun State is one of the constituent members of the Federation recognized under the provision of Section 3 (1) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended).

“The Attorney General of Ogun State seeking to be added or joined as the 4th plaintiff in this suit is the Chief Law Officer of Ogun State vested with the power and responsibility of representing Ogun State in legal matters including the protection of the interest of Ogun State by challenging any law, policy or action of the Federal Government perceived to be in violation of the laws of the Federation for the order and good government of Ogun State.

“The implementation of the policy has totally paralyzed and brought to a standstill, the economic activities of Ogun State and also severely impaired the government’s ability to deliver on its economic agenda to the people.

“The already existing Plaintiffs and Defendants will not be prejudiced in any way by the grant of this application which had been brought in the interest of justice and right to a fair hearing to join the Applicant/Party seeking to be joined as a co-plaintiff.

“This application is necessary in order to prevent a multiplicity of suits.

“It is necessary to join the Applicant of this suit in order to allow for a complete and just determination of this suit.

“This suit is liable to be defeated if the Applicant, who is a necessary party to this suit, is not joined.

“If this Honourable Court refuses this application, the interest of Ogun State and its people would be prejudiced by any contrary decision given by this Honourable Court in the substantive suit.

“The applicant is ready to be bound by the eventual judgment of this Honourable Court;

“The leave of this Honourable Court is required to add or join this Applicant/Party seeking to be joined as a Co-Plaintiff.

“It is in the overall interest of justice and fair hearing that this application is duly considered and granted by this Honourable Court”.

BIG STORY

JUST IN: Education Minister Reverses 18-Year Age Limit For Admission

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The newly appointed Minister of Education, Dr. Tunji Alausa, has announced the removal of the 18-year age limit for admission into tertiary institutions in Nigeria.

He also indicated the possibility of a comprehensive review of the nation’s education policy.

However, Alausa made it clear that there would be no reversal of the Federal Government’s decision to invalidate over 22,700 degree certificates acquired by Nigerians from unrecognized universities in neighboring Togo and the Benin Republic.

Speaking at his inaugural ministerial press conference in Abuja on Wednesday, Alausa emphasized that practical education is key to tackling Nigeria’s unemployment crisis. He stated that tertiary institutions must stop producing graduates without ensuring job opportunities for them.

The minister also revealed plans for the federal government to partner with private sector players to provide training opportunities for students and help them realize their full potential.

Additionally, Alausa announced that universities focused on agriculture would be empowered to implement commercial farming practices as part of efforts to address the country’s food security challenges.

 

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BIG STORY

JUST IN: 114 Released #EndBadGovernance Protesters Arrive Presidential Villa

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One hundred and fourteen #EndBadGovernance protesters, including minors and adults acquitted by the Federal High Court in Abuja, have arrived at the Presidential Villa.

The protesters, initially arraigned by the Police Force, were released following a court ruling by Justice Obiora Egwatu.

The case was dismissed at the request of the Attorney General of the Federation (“AGF”), Lateef Fagbemi.

Vice President Kashim Shettima, representing President Bola Ahmed Tinubu, is set to officially receive the released protesters.

They are then handed over to their respective Governors, specifically Uba Sani of Kaduna and Abba Yusuf of Kano.

Ministers present at the State House Auditorium in Abuja for the reception include: Tunji Alausa (“Minister of Education”); Nentawe Yilwatda (“Minister of Humanitarian Affairs and Poverty Reduction”); Balarabe Lawal (“Minister of Environment”) and Tanko Sununu (“Minister of State for Humanitarian Affairs and Poverty Reduction”).

Also, Senior Special Assistant on Community Engagement for the Northwest, Abdullahi Yakasai, is in attendance.

Other dignitaries present are Deputy Senate President Jubrin Barau and Chairman, House of Representatives Committee on Appropriation, Abubakar Bichi.

 

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BIG STORY

BREAKING: Nigeria’s National Grid Collapses Again, 10th Time In 2024

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Nigeria’s national grid has collapsed again for the 10th time in 2024.

This was revealed by the National grid’s X handle.

This revelation was made after several Nigerians complained of a sudden disappearance of power supply in their houses.

 

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