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Today's Headlines: CBN To Meet On Old Notes, CBN Must Comply With Court Judgment—Gbajabiamila

CBN To Meet On Old Notes

Following the Supreme Court judgment extending the deadline for the use of the old banknotes of N200, N500 and N1,000 till December 31, 2023 the Central Bank of Nigeria (CBN) has fixed March 20 and 21st, to review the decision.

News Source: Saharareporters

The two-day 12-man Monetary Policy Committee (MPC) meeting is expected to review the decision of the court and the implications in the economy.

SaharaReporters earlier reported that a seven-man panel of Supreme Court in unanimous decision stopped the federal government from ending the implementation of the naira swap police until December 31.

Justice Emmanuel Agim who read the judgment held that the correct process for the redesign policy had not been followed.

It faulted President Muhammadu Buhari for introducing the policy without the Council of States, the Federal Executive Council, the Civil Society and other relevant stakeholders.

CBN Must Comply With Court Judgment—Gbajabiamila

The Speaker of the House of Representatives, Femi Gbajabiamila, has asked the Central Bank of Nigeria to comply with the judgment of the Supreme Court, which nullified the naira redesign and cash withdrawal limit policy of the apex bank.

News Source: Punch Newspaper

Gbajabiamila, in a statement issued in relation to the judgment on Friday, also hailed Governors Nasir el-Rufai of Kaduna State, Yahaya Bello of Kogi State and Bello Matawalle of Zamfara State for challenging the Federal Government and the CBN in court over the policy.

It was titled ‘Statement by the Speaker of the House of Representatives, Rep. Femi Gbajabiamila, on the Decision of the Supreme Court in the Matter of the naira swap policy.’

Election: We have enough evidence to prove Obi won in Akwa Ibom – Labour Party PCC

The Presidential Campaign Council of Mr Peter Obi and Yusuf Datti of the Labour Party in Akwa Ibom State said it has enough evidence to show that its party convincingly won the February 25 presidential election in the state.

News Source: Daily Post

The Director-General of the PCC Capt. Augustine Okon, at a joint press conference with the leadership of Civil Society Organisations on Friday, expressed confidence that the mandate given to Peter Obi, during the just concluded Presidential Elections would be recovered through legal Loans.

Earlier Peter Obi had while addressing a world press conference in Abuja on Thursday said he was ready to engage in a legal battle to retrieve his mandate.

If Atiku, Peter Obi Had Worked Together, APC Would Have Been Defeated – Ogun PDP Governorship Candidate, Adebutu Says, Forms Alliance With Nine Parties

At least ten political parties, including the Peoples Democratic Party (PDP) in Ogun State said they have joined forces against Governor Dapo Abiodun of the All Progressives Congress (APC) ahead of March 11 governorship poll.

News Source: Saharareporters

It was learnt that the other parties include: Accord Party, Action Alliance (AA), Action Democratic Party (ADP), All Peoples Party (APP), Allied People’s Movement (APM), Because Of Our Tomorrow (BOOT party), Young Progressive Party (YPP) and the New Nigeria People’s Party (NNPP).

While addressing members of the nine political parties in Abeokuta, the governorship candidate of PDP, Ladi Adebutu said the move became imperative following the outcome of the presidential and National Assembly elections last Saturday.

Adebutu, who accused the APC of rigging the last election, vowed that the PDP would not allow the party rig them out of the governorship election again, while calling on members of the parties to join forces with the PDP to unseat Abiodun, the APC governorship candidate.

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