CAF Delegation Arrives Uyo for Super League Inspection
Naira Redesign: Banks Begin Gradual Re-Introduction of N500 and N1000 Notes
Commercial Banks across the country have started partial compliance with the Supreme Court order approving the use of old N1,000 and N500 and N200 notes as legal tender till the end of 2023.
The Supreme Court had, last week stated that the Federal Government’s naira redesign policy contravened the 1999 Constitution and ordered that the old naira notes should be allowed in circulation along with the new notes until December 31, 2023.
Neither the Central Bank of Nigeria, nor the Federal government has said anything concerning the judgement till date.
Several bank branches in Lagos, Abuja and other major cities revealed that some banks had commenced compliance with the Supreme Court order.
The CBN and the AGF office had refused to comply with previous orders by the Supreme Court on the controversial naira redesign policy.
Among others, the Supreme Court had on February 8, 2023 nullified the February 10 deadline stipulated by the CBN for the phasing out of the old naira notes.
The challenge faced by ordinary citizens however is the scepticsm and hesitation by vendors to accept the re-introduced notes for fear of being stuck with them.
INEC Declares Tinubu Winner of 2023 Presidential ELections
The Independent National Electoral Commission, INEC has declared Asiwaju Bola Ahmed Tinubu of the All Progressives Congress winner of the 2023, Presidential elections.
Tinubu, was declared the president-elect after polling 8,794,726 votes to win the 2023 presidential election,the highest of all the candidates, thus meeting the first constitutional requirement to be declared the winner.
He also scored over 25 per cent of the votes cast in 30 states, more than the 25 states constitutionally required.
INEC Chairman Mahmood Yakubu, who announced the final results in the early hours of Wednesday in Abuja, said Atiku Abubakar of the PDP came second in the election.
Atiku polled a total of 6,984,520 votes in the election.
Peter Obi of the Labour Party came third in the election with a total of 6,101,533 votes while Rabiu Kwankwaso of the NNPP came fourth with 1,496,687 votes.