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Use Old Naira Notes Till Dec 31, CBN, Buhari Action Unconstitutional - Supreme Court ~ OsazuwaAkonedo #Buhari #cbn #Currency #economy #Emefiele #FG #Godwin #job #Muhammadu #Naira #politics #security #Supreme #unconstitutional

Use Old Naira Notes Till Dec 31, CBN, Buhari Action Unconstitutional – Supreme Court

Posted on March 3, 2023March 3, 2023 By OsazuwaAkonedo No Comments on Use Old Naira Notes Till Dec 31, CBN, Buhari Action Unconstitutional – Supreme Court
Economy, Law, news, Politics, Security, World News

Supreme Court of Nigeria has ruled that the old 200, 500 and 1000 naira notes can still be used till December 31, 2023.

The Supreme Court seven-member panel led by Justice John Okoro unanimously ruled that the CBN must continue to receive the old notes from Nigerians.

Adding that the action of President Muhammadu Buhari to ban the old naira notes did not follow constitutional provisions.

Supreme Court held that the directive of President Muhammadu Buhari for the redesign of the new notes and withdrawal of the old notes without due consultation is invalid and unconstitutional.

Justice Emmanuel Agim, a member of the panel, who read the lead judgement, also condemned the President’s disobedience of the apex court earlier order on 8 February, 2023 that the old 200, 500, and 1,000 naira notes should continue to circulate alongside the new ones pending the determination of the case before it.

Adding, the president’s broadcast of 16 February that only 200 naira notes should remain legal tender made Nigeria’s democracy look like a mere pretension while democracy is replaced with autocracy.

Supreme Court thereafter ruled and invalidated the new naira design policy initiated by the Federal Government on the grounds that it was not done with due consultation and in line with constitutional provisions.

The Apex court ordered that the old naira notes shall continue to be used side by side with the new naira notes till December 31, 2023.

Supreme court held that the three months timeline was also not in tune with the Central Bank of Nigeria’s Act and as such unconstitutional.

The apex court argued that president Buhari illegally took over the powers of CBN when he issued the directive banning the old naira notes of 1,000, 500 and 200 notes from February 10, 2023.

Supreme Court rejected the defendants’ argument that the court lacks jurisdiction to decide on the case.

According to Punch Newspaper, Justice Agim stated that the  act of the president and government of Nigeria is an act of the federation.

The court held that the dispute is between the states and the government of the federation and within the original jurisdiction of the apex court.

It held that the government of the federation should have held adequate consultation to avoid massive disruption of government operations and trades.

It invalidated the argument that the CBN was the proper party to be sued, maintaining that it is not the action of the CBN that is being challenged but the validity of the decision of the President to redesign naira, release the new notes into circulation and withdraw the old notes without consultation with Nigerians through the council of states and the National Economic Council.

The court held that the CBN does not have to be joined as a party in the suit as the CBN has no power to carry out the policy without the directive of the president and that the suit is not an action against the banks or the CBN.

He added that the CBN governor, Godwin Emefiele, deceived the president into assenting to the policy.

He made this known in a live broadcast aired on AriseTv following the Supreme court judgement to use the old naira till Dec 31.

— Punch Newspapers (@MobilePunch) March 3, 2023
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Tags: #Buhari #cbn #Currency #economy #Emefiele #FG #Godwin #job #Muhammadu #Naira #politics #security #Supreme #unconstitutional
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Hilda Baci 4 Days Nonstop Cooking World Record Shows: Nigerian Resilient Spirit - Obi, Nigerian Can-Do Attitude - Tinubu, Uniqueness In Nigerian Food - Buhari ~ OsazuwaAkonedo #Ahmed #attitude #Baci #Bassey #Bola #breaking #Buhari #cooking #Effiong #entertainment #Guinness #Hilda #Indian #job #Lata #Muhammadu #Nigerian #nonstop #Obi #Peter Hilda Baci 4 Days Nonstop Cooking World Record Shows: Nigerian Resilient Spirit – Obi, Nigerian Can-Do Attitude – Tinubu, Uniqueness In Nigerian Food – Buhari May 15, 2023 5:21pm
Fela Son, Seun Kuti Now In Our Custody - Police ~ OsazuwaAkonedo #Seun #breaking #custody, #entertainment #Falana #Fela #job #Kuti #Nigeria #Police #security Fela Son, Seun Kuti Now In Our Custody – Police May 15, 2023 12:23pm
Seun Kuti: A 'Mad' Son From A 'Mad' Marriage - Charles Awuzie ~ OsazuwaAkonedo #Seun #‘mad’ #Awuzie #Charles #entertainment #Fela #Igp #job #Kuti #Marriage #Nigeria #Police #security Seun Kuti: A ‘Mad’ Son From A ‘Mad’ Marriage – Charles Awuzie May 14, 2023 3:25pm
My Wife Deserves Everything On Earth - David Ugolor ~ OsazuwaAkonedo #ANEEJ #columns #David #deserves #entertainment #everything #job #Ngozi #Ugolor My Wife Deserves Everything On Earth – David Ugolor May 14, 2023 9:14am
Mercy Johnson Loses Dad ~ OsazuwaAkonedo #Ametuo #breaking #Daniel #entertainment #Johnson #Mercy #Nollywood #Okojie Mercy Johnson Loses Dad May 5, 2023 2:51pm

LIFE

Onitsha-Owerri Federal Road Now Deathtrap In Oba ~ OsazuwaAkonedo #Abia #AkwaIbom #Anambra #Benin #Bola #Charles #CrossRivers #Deathtrap #Enugu #Erosion #FG #Gully #Imo #Lagos #oba #Onitsha #Owerri #PortHarcourt #Rivers #Soludo Onitsha-Owerri Federal Road Now Deathtrap In Oba August 6, 2023 4:04pm
Death Toll Rises More Than 288 In Indian Train Multiple Collision ~ OsazuwaAkonedo #Balasore #Indian #Odisha #Train Death Toll Rises More Than 288 In Indian Train Multiple Collision June 3, 2023 1:47pm
Unknown Gunmen: How Access Bank Chief Security Officer Saves Customers, Other Staff Lives In Ihiala ~ OsazuwaAkonedo #Access #Bank #breaking #customers, #Gunmen #Ihiala #Nigeria #Officer #Okija #security #Sit-at-home #Unknown Unknown Gunmen: How Access Bank Chief Security Officer Saves Customers, Other Staff Lives In Ihiala May 11, 2023 2:05am
Zelenskyy To Putin: We Are Actively Preparing For New Events In May, June ~ OsazuwaAkonedo #actively #Bakhmut #preparing #Prigozhin #Putin #Russia #Ukraine #Vladimir #Volodymyr #Wagner #Yevgeny #Zelenskyy Zelenskyy To Putin: We Are Actively Preparing For New Events In May, June May 7, 2023 11:39pm
EFCC Office In Enugu On Fire ~ OsazuwaAkonedo #EFCC #Enugu #Fire EFCC Office In Enugu On Fire May 6, 2023 6:55am
"I Don't Need Anything From Bad People" Victim Speaks As UK Court Sentences Ekweremadu, Wife, Doctor To 9, 4, 10 Years Imprisonment ~ OsazuwaAkonedo #“i #Abuja #anything #breaking #David #don’t #Ekweremadu #Enugu #imprisonment #justice #Lagos #London #Medical #Nigeria #Nigerian #Nwamini #people” #Police #sentences #UK “I Don’t Need Anything From Bad People” Victim Speaks As UK Court Sentences Ekweremadu, Wife, Doctor To 9, 4, 10 Years Imprisonment May 5, 2023 5:12pm
Ukraine Drills For Offensive Actions Against Russia As Zelensky Honours 750 More Fighters ~ OsazuwaAkonedo #actions #against #fighters #Honours #Kyiv #offensive #Putin #Russia #security #Ukraine #Vladimir #Volodymyr #Zelensky Ukraine Drills For Offensive Actions Against Russia As Zelensky Honours 750 More Fighters April 29, 2023 9:04pm
Sudan War: Why Nigerian Students Abandoned In Desert Couldn't Enter Egypt - FG ~ OsazuwaAkonedo #abandoned #Aswan #couldn’t #Egypt #FG #job #Khartoum #Nigerian #security #students #Sudan #war Sudan War: Why Nigerian Students Abandoned In Desert Couldn’t Enter Egypt – FG April 29, 2023 5:52am

EDITORIAL

We Are Set ~ OsazuwaAkonedo #Ezoic #WordPress We Are Set August 3, 2023 6:46am
Fuel Subsidy Removal: Where I Stand, Tinubu Speaks With Indication FG Shifts To Loan Elite Companies ~ OsazuwaAkonedo #Bola #Fuel #Loans #Subsidy #Tinubu Fuel Subsidy Removal: Where I Stand, Tinubu Speaks With Indication FG Shifts To Loan Elite Companies July 31, 2023 11:41pm
If you Can't Vote, Convince One Person To Vote Your Candidate Now ~ OsazuwaAkonedo ##LP ##Obidients #2023Election #Abubakar #Ahmed #APC #Atiku #Atikulates #Bola #breaking #can’t #candidate #columns #convince #economy #editorial #Education #entertainment #Jagaban #newspapers If you Can’t Vote, Convince One Person To Vote Your Candidate Now February 24, 2023 3:25pm
May The Souls Of Our Brothers, Sisters Who Couldn't Make It To 2023 Rest In Peace - Buhari ~ OsazuwaAkonedo ##Boko #2022 #2023Election #army #bandits #Buhari #EndSARS #Gunmen #Haram #iswap #Kuje #Muhammadu #Police #terrorists #Unknown May The Souls Of Our Brothers, Sisters Who Couldn’t Make It To 2023 Rest In Peace – Buhari January 1, 2023 10:05am
Judge Asking Okupe To Pay Fine For Collecting Physical Cash On Security Assignment Maybe Unprofessional, Embargo To National Security ~ OsazuwaAkonedo ##LP ##Obidients #Buhari #Dasuki #Doyin #Ebele #EFCC #FG #Goodluck #Ijeoma #Jonathan #Muhammadu #NTA #Obi #Ojukwu #Okupe #Omokri #ONSA #PDP #Peter Judge Asking Okupe To Pay Fine For Collecting Physical Cash On Security Assignment Maybe Unprofessional, Embargo To National Security December 20, 2022 5:59am
I'm Not Extension Of Anybody, Peter Obi Is The Best Candidate For Nigeria - Soludo's Son Ozonna ~ OsazuwaAkonedo ##LP #Ozonna #2023Election #Anambra #APGA #Charles #Obi #Peter #Soludo I’m Not Extension Of Anybody, Peter Obi Is The Best Candidate For Nigeria – Soludo’s Son Ozonna November 15, 2022 4:07pm
IGP, Others Hold Night Ceremony At Airport To Welcome Buhari ~ OsazuwaAkonedo ##LP #Alkali #APC #Baba #Buhari #Igp #London #Muhammadu #PDP #security #Usman IGP, Others Hold Night Ceremony At Airport To Welcome Buhari November 14, 2022 6:28am
Elon Musk Give Reasons Over Twitter Workers Sacked ~ OsazuwaAkonedo #election #media #twitter #workers #Elon #Musk Elon Musk Give Reasons Over Twitter Workers Sacked November 5, 2022 3:27pm

TRENDING

Traditional Rulers' Silence, No Longer Golden ~ OsazuwaAkonedo #Bill #FG #Fulani #government #herdsmen #Law #Malcolm #Nigeria #North #Omirhobo #Resources #Water Traditional Rulers’ Silence, No Longer Golden September 3, 2022 12:25pm
ANEEJ, Police, Others Meet In Benin For Crime Prevention Strategies ~ OsazuwaAkonedo #ANEEJ #CAN #DavidUgolor #NigeriaPoliceForce ANEEJ, Police, Others Meet In Benin For Crime Prevention Strategies March 29, 2022 9:12am
CP Vows To Arrests Adamawa Residents Behind Attacks On INEC Officials ~ OsazuwaAkonedo #Adamawa #APC #Ari #arrests, #attacks #Hudu #INEC #Nigeria #officials #PDP #Police #Residents #security #Yunusa CP Vows To Arrests Adamawa Residents Behind Attacks On INEC Officials April 17, 2023 8:40pm
DSS, Prison Operatives In Free For All Fight Over Godwin Emefiele's Custody ~ OsazuwaAkonedo #Bola #cbn #Dss #Emefiele #Godwin #NCS #Tinubu DSS, Prison Operatives In Free For All Fight Over Godwin Emefiele’s Custody July 25, 2023 4:04pm

MONTH

Test ~ OsazuwaAkonedo Test September 16, 2023 8:35am
Police Rescues Kidnapped Victim In Anambra ~ OsazuwaAkonedo #Anambra #Kidnapping #Onitsha #Police Police Rescues Kidnapped Victim In Anambra September 2, 2023 8:19pm
Morocco Confirms 2497 People Killed In Friday Night Earthquake ~ OsazuwaAkonedo #AlHaouz #Casablanca #Marrakech #earthquake #Morocco Morocco Confirms 2497 People Killed In Friday Night Earthquake September 11, 2023 1:39pm
DSS Raises Alarm As Banks Plan To Shutdown Services Nationwide ~ OsazuwaAkonedo #banks #Bola #Dss #NLC #PEPT #Strike #Tinubu #Tribunal DSS Raises Alarm As Banks Plan To Shutdown Services Nationwide September 4, 2023 8:42pm

WEEK

Mohbad's Spirit Is Strong, I Find It Hard To Sleep - Davido ~ OsazuwaAkonedo #Lagos #Larry #Marley #Mohbad #Naira #Police #Sam Mohbad’s Spirit Is Strong, I Find It Hard To Sleep – Davido September 20, 2023 6:58am
Troops Discover Gun Manufacturing Factory In Kaduna ~ OsazuwaAkonedo #army #Kaduna #Kafanchan #OPSH Troops Discover Gun Manufacturing Factory In Kaduna September 24, 2023 7:03pm
BRA Claims Responsibility For 8 Soldiers, Other Operatives Killed In Imo ~ OsazuwaAkonedo #Abia #Biafra #BRA #Ekpa #Gunmen #Imo #ipob #Ohafia #Simon #SitAtHome #Umualumaku #Unknown BRA Claims Responsibility For 8 Soldiers, Other Operatives Killed In Imo September 21, 2023 6:39am

DAY

Troops Discover Gun Manufacturing Factory In Kaduna ~ OsazuwaAkonedo #army #Kaduna #Kafanchan #OPSH Troops Discover Gun Manufacturing Factory In Kaduna September 24, 2023 7:03pm
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Economy

  • I Knew I Will Win, Cashless Policy Or Not – Tinubu

    June 29, 2023

  • Court Sends DCP Abba Kyari, Others To Kuje Prison Because He May Jump Bail If Released

    March 28, 2022

  • Onitsha-Owerri Federal Road Now Deathtrap In Oba

    August 6, 2023

  • Nigeria Is Bigger Than Any Political Party – Soludo

    December 17, 2022

  • Police Narrates Gun Battle With Unknown Gunmen In Okija, Ihiala On Saturday Early Morning

    July 24, 2022

Entertainment

  • Nigerian Army Not Recruiting, Publication Is Fake – Brigadier Onyema

    March 4, 2022

  • Buhari Arrives Seoul, South Korea Hours More Than Landing Time

    October 24, 2022

  • Troops Ambush Bandits, Rescue 16 Kidnapped Victims In Kaduna

    January 26, 2023

  • Ukraine, Russia Delegates In Free-For-All-Fight In Turkey

    May 5, 2023

  • We Came Out Of Civil War Strong But… – LAPO Founder, Godwin Ehigiamusoe Speaks To Mark 64th Birthday

    August 21, 2022

Security

  • Death Toll Passes 20000 In Turkey-Syria Earthquake

    February 9, 2023

  • I Paid N1.8m Ransom, I’m Into Debt Now – Kidnapped Guardian Newspaper Reporter Begs For Help

    April 10, 2022

  • Imo State Is Now Safe, Governor Hope Uzodimma Tells Onions Producers

    June 26, 2021

  • Ukraine Cuts Off Russia Gas Flow To Europe

    May 11, 2022

  • Test 26

    July 1, 2022

Politics

  • Wike, A Cheeky Hatchet Job-man, Jealous Of My Earth-shattering Accomplishments- David Umahi

    March 14, 2022

  • Ekwulobia Attack: We Killed 4 Unknown Gunmen During Gun Battle – Nigerian Army

    October 30, 2021

  • [Video] 2 Years, Few Months To Go, Obaseki Commissioner Nominee Afie Braimoh Says “I Will Try Learn Bini Language First”

    January 15, 2022

  • Soludo Directs HOS To Employ More Teachers

    May 1, 2022

  • Nigerians React To Timi Dakolo Copy Right Claim Over The Use Of His Song At APC Primary

    June 8, 2022

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