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BREAKING: CBN Says No Going Back On Old Naira Notes Deadline, May Arrest PoS Agents

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BREAKING: I'm Yet To Decide On Contesting For Presidency - Emefiele
CBN Governor Emefiele

Central Bank of Nigeria (CBN) Governor Godwin Emefiele on Tuesday further dispelled the hope of shifting the February 10, 2023 deadline on old naira notes.

Emefiele spoke during a visit to the Ministry of Foreign Affairs to discuss the monetary and currency redesign policy of the bank.

The CBN governor said: “The situation is substantially calming down since the commencement of over-the-counter payments to complement ATM disbursements and the use of super-agents.

“There is, therefore, no need to consider any shift from the deadline of February 10.”

Emefiele’s insistence is coming in spite of the Supreme Court earlier order that restrained the Federal Government from implementing the February 10 deadline for the currency swap.

A seven-man panel of the apex court led by Justice John Okoro, in a unanimous ruling, granted an interim injunction restraining the Federal Government, the Central Bank of Nigeria and commercial banks from implementing the Friday terminal date for the old naira notes.

However, the CBN governor insisted that there was no need to shift the deadline.

He also said that Point of Sale agents who charge above N200 for cash swap will be arrested and jailed when caught.

The CBN governor further said that the PoS operators can come to the CBN to be compensated for any extra cost incurred in getting the new notes rather than charging a higher fee on customers.

 

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BREAKING: PDP Suspends Anyim, Fayose

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Anyim and Fayose

Former governor of Ekiti State, Ayodele Fayose; former president of the Senate, Pius Anyim; Prof Dennis Ityavyar and Aslam Aliyu were on Thursday suspended from the Peoples’ Democratic Party (PDP).

The PDP made the suspension on Thursday after an extensive review of the affairs of the party, pursuant to the provisions of the PDP Constitution (as amended in 2017).

The PDP also referred the Governor of Benue State, Samuel Ortom, to the National Disciplinary Committee over his reported involvement in anti-party activities.

This was disclosed in a statement signed by the National Publicity Secretary, Debo Ologunagba.

“The PDP urges all leaders, critical stakeholders and teeming members of our party across the country to remain united and focused at this critical time,” the statement added.

 

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BREAKING: Ekweremadu, Wife Found Guilty Of Organ-trafficking In UK

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Ekweremadu and his wife

A United Kingdom court has found former Deputy Senate President, Senator Ike Ekweremadu, 60, his wife Beatrice, 56, and Dr Obinna Obeta, 50,  guilty of an organ-trafficking plot, which saw them bring a 21-year-old man to the UK

They were convicted of conspiring to exploit the man from Lagos for his kidney, reports the BBC.

Prosecutors told the Old Bailey the organ was to be removed and given to the couple’s daughter, Sonia, aged 25.

She was cleared of the same charge.

The victim, a street trader from Lagos, was brought to the UK last year to provide a kidney in an £80,000 private transplant at the Royal Free Hospital in London.

They were later arrested at the airport while trying to leave the UK.

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NLC Orders Workers To Shut CBN Offices Nationwide Over Naira Scarcity

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NLC Suspends Plan To Protest Against Fuel Subsidy Removal

Worried about the continued scarcity of naira, the Nigeria Labour Congress (NLC) has officially declared a nationwide . The national president of the union, Joe Ajaero, gave the directive during a media briefing in Abuja.

Ajaero also directed that affiliate unions constituting the NLC should be on standby for picketing exercises across all branches of the Central Bank of Nigeria nationwide.

The NLC earlier issued a seven-day ultimatum to the Federal Government to end the petrol and cash scarcity being experienced in the country.

Ajaero told journalists on Wednesday that the industrial action became the last resort of the NLC following the expiration of the ultimatum.

He said the decision to picket the CBN branches became necessary as the federal government and the CBN had failed to show any commitment to addressing the situation.

Ajaero lamented that despite the Supreme Court order that the old N200, N500 and N1000 notes remain legal tender until December 31, 2023, the situation kept getting worse.

He said workers could not access cash to pay fares to work.

He also criticised the pricing irregularities in the petroleum sector.

“Last week, we gave an ultimatum for the review of the cash crunch bedevilling the country, but we have discovered to our dismay that as at this moment not much effort has been made to ameliorate the situation. Government is still foot-dragging on these issues we raised,” Ajaero said.

“Based on this, we met again this morning to review our position and resolved that by Wednesday next week all CBN branches will be picketed. Workers are directed to stay at home too because people cannot eat, workers can no longer go to the office, we have been pushed to the wall.

“We have decided to take our destiny in our hands, we have mobilised our workers on this exercise.”

The NLC has no fewer than 43 affiliate unions which include, but not limited to, the Academic Staff Union of Universities, the Nigeria Union of Pensioners, and the National Union of Road Transport Workers.

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