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Today's Headlines: CBN Reacts To Banks Dispensing Old Note, I May Reconsider Sacked Teachers—Adeleke

CBN Reacts To Commercial Banks Dispensing Old N500, N1000 Notes

The Central Bank of Nigeria (CBN) has stated that it did not issue any fresh directive to commercial banks on last Friday’s judgement of the Supreme Court ordering the circulation of the old naira notes alongside the new ones until December 31.

News Source: Sahara Reporters

The CBN spokesman, Isa Abdulmumin, who spoke to Daily Trust, said the CBN had not issued an official statement.

However, a senior management source said, “Both the old and new notes are legal tender, and banks are currently issuing them to customers. Nigerians should not reject any note, whether old or new.”

SaharaReporters had on Monday reported that commercial banks began dispensing the old N500 and N1000 Naira notes.

I May Reconsider Sacked Teachers—Adeleke

Governor Ademola Adeleke of Osun State, yesterday, disclosed that his administration may review the sacking of 1,500 teachers recruited by his predecessor.

News Source: Vanguard Newspaper

Fielding questions from newsmen on the occasion of his 100 days in office, at the Executive Lounge of the Governor’s Office, in Osogbo, he said the case of the teachers will be reviewed, after the electioneering period and possibly along with others issues the administration’s review committee investigated.

His words: “I am a governor that believes in the rule of law and due process. After the electioneering period, we will look into their case. If due process is followed then I will know what to do, but I don’t believe in deploying sentiment into such issues.

A/Ibom Gov’ship: S/Court Affirms Udofia As APC Candidate

The Supreme Court has upheld the nomination of Akanimo Udofia as the candidate of the All Progressives Congress (APC) in the March 11 governorship election in Akwa Ibom. In a unanimous decision by a five-member panel on Tuesday, the apex court struck out the appeal by Senator Ita Enang against his nomination.

News Source: Daily Trust

In the judgment read by Justice Kudirat Kekere-Ekun, the panel held that Udofia is a bona fide member of the APC having secured the party’s waiver to contest the May 26, 2022 governorship primary.

Enang had challenged the verdict of the Court of Appeal in Abuja, which agreed with Udofia’s contention that Enang lacked the locus standi to file the suit.

The panel led by Justice Williams Daudu also ruled that the amended originating summons at the Federal High Court was filed outside the mandatory constitutional period of 14 days after the cause of action.

Nigeria proud of your achievement – Buhari sends message to Iyabo Masha on G-24 appointment

President Muhammadu Buhari has congratulated Dr Iyabo Masha, the newly appointed Director and Head of the Secretariat of the Intergovernmental Group of Twenty-Four (G24).

News Source: Daily Post

Malam Garba Shehu, the President’s spokesman, in a statement, said the President’s congratulatory message is contained in a letter signed by the President.

Buhari noted that by the appointment, Masha had made history, becoming the first African to hold the position since the organisation was founded in 1971.

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Adeleke CBN Central Bank of Nigeria Isa Abdulmumin Sahara


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