News
Just In: Court Stops CBN, Buhari From Shifting Naira Deadline
Justice Eleoje Enenche of a High Court at the Federal Capital Territory in Abuja on Monday restrained the Federal Government and 27 listed commercial banks from suspending, stopping, extending or interfering with the currency redesignation terminal date of February 10 or issuing any directive contrary to the date.
Also restrained were the President, Major General Muhammadu Buhari (retd.), Central Bank of Nigeria and the Governor of the CBN, Godwin Emefiele.
In a motion exparte filed by five of the 18 political parties, Justice Enenche also granted an order directing the CEO’s of the banks and their alter egos to show cause why they should not be arrested and prosecuted for the economic and financial sabotage of the country by their hoarding, withholding, not paying or disbursing the new N200, N500 and N1000 bank notes despite supply of such notes by the CBN.
The order also ties the hands of bank CEO’s and their staff who have been alleged to be hoarding the new bank notes and trading with them thereby causing untold hardship to ordinary citizens.
In the 27 grounds by the applicants they made out a case showing that politicians who ostensibly were in possession of illicit funds were the ones who wanted the policies suspended.
Source: Punch
-
News1 week ago
Former Osun PDP Chieftain, Babalola Officially Joins APC, Vows to Deliver Constituency In Future Elections
-
News2 weeks ago
Development In Osun Very Low Compared To Funds Accrued From FG – NIWA Boss, Oyebamiji
-
News1 day ago
October 17: How Oyetola, others cheated death – By Ismail Omipidan
-
News2 weeks ago
Community Development: Over 382 Projects executed by Adeleke led Administration – Special Adviser
-
News2 weeks ago
Reviewing President Tinubu’s 64th Independence Day Speech By Reno Omokiri
-
News4 weeks ago
Adeleke Inaugurates Osun CDC Executive, Distributes 5 Operational Vehicles
-
News4 weeks ago
OAUTHC Offers 390 Disengaged Staff Fresh Appointments
-
News5 days ago
Dental Technologists Urged On Research, Evidence Based Practices – ADTN President, Eyarefe