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Despite the Supreme Court’s order, CBN declares N200, N500, N1000 Naira notes illegal tender

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Despite Supreme court’s intervention to restrain the Central Bank of Nigeria (CBN) from implementing its 10th of February, 2023 deadline to phase out the old Naira Notes of N200, N500 and N1000 the Apex bank has declared that they ceased to be legal tender in Nigeria as declared.

The declaration was made by the Branch Controller of the Central Bank of Nigeria (CBN), Bauchi, Haladu Idris Andaza while briefing Journalists on Monday at the CBN, branch in Bauchi.Recall that Governors Nasir El-Rufai (Kaduna), Yahaya Bello (Kogi) and Bello Matawalle (Zamfara) dragged the Federal government before the Supreme Court.

The states sought for a declaration that the Demonetization Policy of the Federation being currently carried out by the CBN under the directive of President Muhammadu Buhari is not in compliance with the extant provisions of the Constitution of the Federal Republic of Nigeria 1999 (as amended), Central Bank of Nigeria Act, 2007 and actual laws on the subject.

They also asked the court to make a declaration that the three-month notice given by the FGN and the CBN under the directive of the President of the Federal Republic of Nigeria, the expiration of which will render the old bank notes inadmissible as legal tender, is in gross violation of the provisions of Section 20(3) of the Central Bank of Nigeria Act 2007 which specifies that reasonable notice must be given before such a policy and that the limit cannot be outside that provided under Section Section 22(1) of the CBN Act 2007.

Continuing, Andaza indicated that “In the last 24 hours, we have been inundated by questions from various angles of the general public about our operational guidelines on the old currency notes, be that as it may, there are so many questions here and there which people have been asking about.”

According to him, “So for the avoidance of doubt, we wish to state categorically that CBN is ready and is opened to receive all of those old notes based on certain conditions and criteria.”

“Customers are free to come to the Bank and deposit which they cannot do at the Commercial Banks anymore because the currency has ceased to be a legal tender since the 10th of this month.

“Consequently, the management of the CBN decided that those customers will have a sigh of relief by coming to the offices of the CBN in all the 36 states in the Federation including FCT to deposit their money.

“The customer has to go to the CBN portal and fill a form in the portal, there will be a form there concerning this currency redesign and exchange.”

Andaza further explained that “After filling the form, you generate a code, you either print it or come with it in your mobile phone, give us the code and the information contained therein. In the form, you are expected to provide all the basic information about yourself, your account details and the amount you want to deposit.

“By the time you have done it correctly, you come to the CBN where the code will be accepted from you as well as the money, process and confirm the genuineness or otherwise of the money to avoid receiving fake notes because there are some fake notes in circulation now.”

He warned that “If anyone wants to try us by bringing in fake notes, he should be ready to be arrested, so don’t go and print old fake naira notes and bring them to the CBN, whatever happens to you, don’t blame us, you caused it.”

He however assured that “We will receive the money from you and do our internal checks before we give you an acknowledgement which is evidence to show that we have collected that amount from you and we go ahead with our internal processes, after finishing with the internal processes, we now hit your account and credit it through your Commercial bank.

“All the Commercial banks are expected to bring all old notes deposited to us and we will collect, that is the final. Some of the Banks have started depositing with us because they want to close their books, as soon as they do that, they will not collect from customers again, that is the reason CBN decided to open this portal for the general public especially the vulnerable who are still having problems of cash used for trading and now that the deadline has expired, they need to deposit their money.

“The CBN is trying to minimize risk involved in losing that money, we are trying to minimize hardship also, we know that people are having some hardship, people are suffering, we not unmindful of that fact, that why the management of the CBN has magnanimously decided to open that portal to assist those who were unable to deposit the money into their bank accounts, that is our process flow in a nutshell.

“The portal will be there, opened for some time, depending on the circumstances and the directives from the management, we expect that within this period, people should have been able to deposit all they have, it is a privilege given to Nigerians to ensure that they deposited that money even though they are no longer legal tender.

“For the people in the remote areas, if you can recollect, we have gone round virtually all the villages in Bauchi state with some commercial banks asking the people to open accounts which many of them did and were able to deposit their money, I doubt if there are still people who have not keyed into the system now who are still having old money.

“We used the media, NOA and Traditional rulers just to let the people know, no limit to the amount that can be deposited provided the form was properly filled.

“There are a lot of firewalls that can protect the people accessing the portal, no any cause for alarm.”

In his remarks, CBN Team Lead, Bauchi who is the Director, Medical Services of the Apex Bank, Dr Abdulkadir Jibril explained that “It is a point we have made before, I just want to emphasize it, not everybody in Bauchi state is privileged to be at this meeting and so, there is the moral and professional responsibility on their shoulders to ensure that this information gets to every nook and cranny of the state and even beyond.”

He emphasized that “There is a limited time that has been given by the government and the law, just as I have emphasized earlier on, it is the magnanimity of the government, so, this is just an additional time and opportunity to assist people to get their monies into their bank accounts safely so that nobody misses a dime or loses any money.”

Jibrin concluded saying, “I am appealing to our people both men and women to carry or propagate this message everywhere so that people can do the needful.”
 
 

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30 CSOs denounce Lawyers who dragged EFCC chair before UN, UK, others

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***describe them as jobless detractors, paid hecklers, defenders of Injustice

Lawyers who dragged the Chairman of the Economic and Financial Crimes Commission (EFCC), Olanipekun Olukoyede to the United Nations, United Kingdom and other international nations have been called out by 30 civil society groups

The lawyers had on Friday accused the EFCC boss of flagrantly disregarding valid court orders and breaching the constitutional rights of Nigerians.

At a press conference on Saturday, the Convener of the 30 Civil Societies and Chairman of Conference of Civil Society of Nigeria, Mr. Adams Otakwu, indicated that the allegation against the EFCC by the lawyers is a slap on the entire nation, aimed at distracting and derailing the ongoing war on corruption.

The Nigerian Civil Societies denounced the lawyers’ unfounded claims and “dismissed the group as jobless detractors, paid hecklers and defenders of Injustice unknown to the civil society.

“The assertions put forth by these lawyers, accusing the EFCC of flouting court orders and infringing upon the constitutional rights of Nigerian citizens, are not only devoid of merit but are also symptomatic of a deliberate attempt to impede the ongoing efforts of the EFCC to combat corruption and promote accountability within our nation.

“It is imperative to underscore that actions undertaken by Mr. Olukoyede are not personal endeavors but are emblematic of the steadfast commitment of the EFCC as an institution of the Nigerian people to uphold the rule of law and foster transparency in governance. Any insinuation to the contrary is not only fallacious but also an affront to the integrity of the EFCC and the Nigerian People.

“Furthermore, we categorically reject the insinuation that these self-proclaimed defenders of justice are acting in the interest of the Nigerian populace. On the contrary, it is evident that they are driven by ulterior motives, perhaps influenced by vested interests seeking to undermine the progress achieved by the EFCC and the watchful Civil Society of Nigeria in the last six months.”

The groups urged President Bola Ahmed Tinubu, the United Nations High Commission for Human Rights, the United Kingdom, the United States and the European Union not to listen to the so call lawyers.

“It is ludicrous to suggest that President Bola Ahmed Tinubu of Nigeria, the United Nations High Commission for Human Rights, the United Kingdom, the United States, and the European Union should entertain the baseless demands of these individuals. Such propositions are not only preposterous but also reflective of a desperate attempt to garner attention through sensationalism and misinformation.

“We call on the international community to disregard these frivolous allegations and instead lend unwavering support to the EFCC and the Nigerian State in the noble pursuit of combating corruption and promoting good governance.

“The EFCC has made significant strides in the fight against corruption in the last six months, and the Nigerian Civil Society remains confident in the ability of the EFCC to steer our nation towards a future free from the scourge of corruption,” the groups said.

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Uphold virtues of Ethics, Civic Education, Akpabio charges Scout Association of Nigeria

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The Scout Movement of Nigeria has been admonished to inculcate in Nigerian youths virtues of national ethics and the need to be prepared for any eventuality in life all the time
The President of the Senate, Senator Godswill Akpabio gave the admonition when the Chief Commissioner of The Scout Association of Nigeria, Dave Padopads-Awunah led other executive members of the Association on a courtesy to him at the National Assembly.
The Association visited Akpabio as one of their own to brief him on the forthcoming Nigeria Scout Parade and President’s Award event coming up in Abuja from 17-21 May, 2024.

In his opening remarks, The Chief Commissioner of Scout of Nigeria, Dave Padopads-Awunah expressed their joy over the elevation Senator Godswill Akpabio to the position of President of the Senate of Nigeria, stating that Senator Akpabio’s quality as a young scout has propelled him to excel in his tasks as one of the best governors Nigeria ever produced and now his giant strides in his short stay as President of the Senate.

Padopads-Awunah further recalled the role the senate president played by paying for scouts and ensuring Nigeria Scouts were represented at the world scout jamboree in Japan during his period as governor.

In his response, Akpabio expressed his joy at the visit and recalled with nolstagia, his period as a young scout.
He highlighted the tenets of scouting which he said help in molding the character of persons who grow in good citizens of their country.
He stated his commitment to amending the Boy Scout Act of Nigeria and also assist the association in delivering on their core mission to the young people of Nigeria

A statement by the Special Assistant to the President of the Senate, Anietie Ekong quoted Senator Akpabio as having advised the Association on the need for discipline, continuous education on issues like climate change and artificial intelligence.

According to Senator Akpabio, “I don’t know at what stage that Nigeria stopped having organizations like yours in primary and secondary schools. In my time, we had Scout Movements in primary and secondary schools. We even use to have the female counterpart, The Girls’ Guide.

“These Movements inculcated right ethics and ethos on the young ones, getting them to know their country, the national pledge, national anthem and respect for national symbols like the national flags and currency.

“The Scout Movement should prepare the youths for leadership in all spheres of life and that is why the motto of the Scouts, “Be Prepared” appeals to me. You should be prepared for situations that are favourable, be prepared for the rainy season and dry season; be prepared for the season of bountiful harvest and even famine,” he said.

Senator Akpabio extolled the Scouts Movement as a disciplined organization which should be encouraged through training and retraining on contemporary issues like climate change and artificial intelligence and pledged the support of the National Assembly in their programmes.

Mr. Awunah who led the delegation intimated the Senate President on the forth-coming Nigeria Scout Parade and President’s Medal Awards, sought the collaboration of the National Assembly in executing their programmes that would ne of immense benefit to Nigerian youths.
The deputy senate president and other leaders of the senate were present at the event where the President of the senate was decorated by the Chief Commissioner alongside his colleagues

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Nigeria on the path of codifying national values through NOA – Issa-Onilu

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By Friday Idachaba, Lokoja.

DIRECTOR-General of the National Orientation Agency (NOA), Mallam Lanre Issa-Onilu has said that the Nigerian nation is on the path of codifying its values through the National Values Charter being midwived by the Agency.

Issa-Onilu who disclosed this during a “Town Hall Meeting with Stakeholders in Kogi State on Government Policies Programmes and Activities” on Thursday in Lokoja said this was part of the mandate given to the agency by President Bola Ahmed Tinubu.

He said that the Values Charter was not anything new as all communities and ethnic nationalities hold strongly to their values but unfortunately, “the country has not put any value system in place.”

Onilu said values would only be appreciated when they are kept and made sacrosanct, promoted and nurtured by the people.

The NOA DG regretted that as it is today, no one can give a definite answer if asked, Who is a Nigerian? “We don’t have a definition for who a Nigerian is.

“And it is important we define who a Nigerian is because we know at the end of the day the definition would mean that a Nigerian cannot be a bandit, a proper Nigerian cannot be a kidnapper.

“A proper Nigerian cannot get to government and become a thief, stealing government resources and promoting corruption and bringing hardship to the people.

“A proper Nigerian is the one that will become governor and do the right thing, provide infrastructure, create employment and promote peace and stability in the state.

“That’s who a good Nigerian is. A good Nigerian is the president that will come and promote prosperity, ensure unity and there is no nepotism.

No one side is promoted above the other and no one side is marginalized. That is the value of a good Nigerian. But all of these are just my opinions”, the DG quickly added.

Issa-Onilu noted that Articles of great nations are codified and the values held in high esteem adding, “We must know ourselves and what we represent.”

He said that the best way to develop a nation is through attitude adding that attitude led us to where we are today and therefore called for character building by promoting the values charter.

The DG revealed that the Federal Government would soon introduce Citizenship Study in all schools from primary to secondary and tertiary levels as compulsory subjects or courses with emphasis on the right values, right character and how to be a good Nigerian.

This is to inculcate the right values in children so that when they grow up and get into the society, they would live their lives in a way that both the parents, the society, and the country will be proud of them.

“So this will happen soon. And we are starting this year with 37,000 Citizenship Brigades, 1,000 per state in primary school and secondary schools*, he said.

Stakeholders at the Townhall meeting, among other demands, called on NOA to impress on the the Federal Government the urgent need to reduce Petroleum pump price, and making Religious Education compulsory at all levels of education.

Speaking earlier, Mr Patrick Edogbanya, Acting State Director of the Agency in Kogi, commended Issa-Onilu for the visit saying that so far, the NOA DG had taken the message of government programmes and activities to 10 states, Kogi being the 11th.

Edogbanya noted that the Townhall meeting with stakeholders drawn from various societal strata in Kogi provided a rare opportunity to rub minds with the people towards finding a lasting solution to some of the surmountable challenges being faced by the country.

He enumerated some the DG’s achievements adding that his initiatives on staff welfare had started yielding results alluding to his charismatic team leadership adding, “Your hard work and selfless service show that we have a capable DG in the driver’s seat.” (Ends)

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