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March 7, 2023 Naira Redesign: Banks Begin Gradual Re-Introduction of N500 and N1000 Notes

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.

March 6, 2023 Atiku, Ayu Lead PDP Protest to INEC Over Presidential Election Results

Atiku, Ayu Lead PDP Protest to INEC Over Presidential Election Results

Presidential Candidate of the People’s Democratic Party; PDP in the March 25, 2023 Presidential elections Alhaji Atiku Abubakar led the PDP leaders and supporters to storm the headquarters of the Independent National Electoral Commission; INEC, wearing black clothes in protest against the just concluded presidential election that saw the All progressives Congress candidate, Bola Tinubu, declared winner.

Atiku arrived at Legacy House, the presidential campaign headquarters of the PDP at 11am where he joined other PDP leaders,including the PDP National Chairman, Dr. Iyorchia Ayu and other members of the party’s National Working Committee (NWC).

Others who joined the protest are the chairman of the PDP Board of Trustees (BoT), Senator Adolphus Wabara; Sokoto State Governor, Aminu Tambuwal; Chief Raymond Dokpesi; former Adamawa State Governor, Boni Haruna among other chieftains.

Alhaji Atiku Abubakar said the protest embarked upon by the party would continue for a long time.

“In fact, this protest will continue for a very long time, either every day or any other day,” Atiku mentioned, during the Monday protest.

March 1, 2023 INEC Declares Tinubu Winner of 2023 Presidential ELections

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.

February 21, 2023 Appeal Court Affirms Pastor Umo Eno as Authentic PDP Governorship Candidate in Akwa Ibom State.

Appeal Court Affirms Pastor Umo Eno as Authentic PDP Governorship Candidate in Akwa Ibom State.

The Court of appeal has declared Pastor Umo Eno as the authentic candidate of the PDP.
In its ruling, it noted that the court is bound by its own decision.
The Court noted that the Appeal court had previously entertained cases emanating from Akwa Ibom State.
It ruled that the court had previously resolved the issue of the use of delegates in Akwa Ibom State.
In allowing the appeal it noted that The lower court was totally misguided by Hon Michael Enyong and has no jurisdiction to have re-visited the issue of primaries and the authenticity of its candidate.
The lower court was wrong to rely on lack of evidence in declaration. The lower court was totally wrong and acted per incuriam.
The court awards N1 million Naira as costs.

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