BREAKING: Ganduje, Akeredolu drag Buhari, CBN to court over cash withdrawal limits - Newstrends
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BREAKING: Ganduje, Akeredolu drag Buhari, CBN to court over cash withdrawal limits

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The Ondo State Government has filed a suit before the Supreme Court of Nigeria, Abuja against the Federal Government in respect of the directive issued through the Central Bank of Nigeria limiting daily cash withdrawals from banks.

In an originating summon filed and signed by the Attorney General of Ondo State, Sir Charles Titiloye Ksm FCArb, on Thursday, Ondo state Government is praying the Supreme Court to stop the implementation of the directive issued by Federal Government through the Central Bank of Nigeria on limitation of daily cash withdrawals from banks which has totally paralysed and brought to a standstill the activities of Ondo state Government and has adversely affected economic and commercial activities in the state.

Ondo state Government contended that the guideline on daily maximum cash withdrawal made by Federal Government is an infraction on the legal rights of Ondo State Government and its citizens to access funds for execution of developmental projects, small credit facilities to petty traders (who have no account in banks) and highly detrimental to daily commercial activities in the state.

Ondo State Government urged the Supreme Court to declare that the Federal Government cannot by directive issued through Central Bank of Nigeria, amend or vary an existing Act of National Assembly particularly Section 2 of Money Laundering Act which relates specifically to limitations on cash withdrawals for individual and Corporate organisation to Five (5) million Naira and Ten (10) million Naira respectively. The updated guidelines issued by CBN now places maximum withdrawal for individual and corporate organisation at N500,000 and Five (5) Million Naira respectively.

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Ondo state Government is asking the Supreme Court to decide whether the guidelines issued by Federal Government on maximum daily cash withdrawal and the continuous suffering and hardship caused by the implementation of the said policy is not in conflict with the express provision of section 2 of the Money Laundering Act, Sections 20, 39 and 42 of the Central Bank of Nigeria Act.

Ondo state Government averred that while it has more than 149 Ministries, Departments and Agencies to run on daily basis in a state with more than three (3) million people, less than five hundred thousand people has bank account through which bank transfer can be made. Consequently the policy of the Federal Government has totally paralysed the economy of the state.

Ondo state Government averred that the citizen of Ondo state now spends precious hours at Banks ATM waiting to collect the new Naira note while citizen in the rural areas and villages without Banks and internet facilities have been shut out from receiving or transferring money to meet their daily economic needs

The Government urged the Supreme Court to intervene and stop further implementation of the said Federal Government policy.

In a related case, Ondo state Government filed an application before the Supreme Court seeking to join the suit instituted by Zamfara, Kaduna and Kogi states on the timeframe within which citizens and Government can swap the old Naira Note for the new Naira note. In a motion on notice signed and filed on Thursday 9th of February, 2023, Sir Charles Titiloye Ksm FCArb, the Attorney General and Commissioner for Justice, Ondo State prayed the Supreme Court to join Ondo state Government in the earlier suit filed by the said three states challenging the 10th of February, 2023 deadline for change of Old Naira Notes for New Naira notes by the Central Bank of Nigeria.

The Attorney General noted that Ondo State Government and people are currently experiencing the same excruciating economic and financial hardship occasion by the said incoherent demonetization policy currently introduced by the Federal Government through the Central Bank of Nigeria.

Furthermore, the Kano state Government led by Abdullahi Ganduje has on Thursday evening filed a suit against the Federal Government at the Supreme Court in respect of the naira redesign policy of the Central Bank of Nigeria.

In suit number: SC/CS/200/2023, sighted by The PUNCH, the Kano State Attorney General, through his Counsel, Sunusi Musa, SAN, is asking the apex court to declare that the President, Major General Muhammadu Buhari (retd.), cannot unilaterally direct the CBN to recall the now-old N200, N500 and N1,000 banknotes without recourse to the Federal Executive Council and National Economic Council, respectively.

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The Kano government is praying a mandatory order seeking a reversal of the Federal Government policy to recall the N200, N500 and N1,000 notes from circulation due to the policy affecting the economic well-being of over 20 million Kano citizens.

The applicant is also seeking for mandatory order, compelling the Federal Government to reverse the naira redesign policy for alleged failure to comply with 1999 Constitution (as amended).

The applicant is similarly praying for mandatory seeking the apex court to compel the Federal Government to reverse the cash swap policy for allegedly not complying with the 1999 constitution and other extant legislation.

“A Declaration that the combined reading of the provisions of the section 148(2) of 1999 constitution and Part 1, and Paragraph 19 of the Third Schedule thereof, the President cannot unilaterally without recourse to the Federal Executive Council and National Economic Council respectively give approval to the Central Bank of Nigeria for the implementation of cash withdrawal limit pursuant to the demonetization economic policy of the Federal Government of Nigeria,” the suit read.

In the originating summon, the Kano State Government, further prayed for a declaration, that the president’s directive to the CBN for the implementation of cash withdrawal limits policy pursuant to the demonetisation of Federal Republic of Nigeria without recourse to FEC and NEC respectively is unconstitutional, illegal null and void.

The applicant is also praying for a mandatory order reversing the policy of the Federal Government on the recall of the old currency notes for allegedly failure to comply with the provisions of Constituiton and other extant legislation.

Recall that on Wednesday, the Supreme Court gave an interim order to the CBN not to end the use of old naira notes on February 10, 2023 in an ex-parte application by the three applicant states including Kaduna, Kogi and Zamfara.

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Security Row: El-Rufai Accuses Ribadu of Procuring Dangerous Chemicals

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Former Kaduna State Governor Nasir El-Rufai and National Security Adviser Nuhu Ribadu
Former Kaduna State Governor, Nasir El-Rufai and National Security Adviser, Mallam Nuhu Ribadu

Security Row: El-Rufai Accuses Ribadu of Procuring Dangerous Chemicals

Former Kaduna State Governor, Nasir El-Rufai, has accused the National Security Adviser, Nuhu Ribadu, of procuring what he described as “dangerous toxic chemicals” from Poland, raising serious national security and public safety concerns.

El-Rufai made the allegation while reacting to ongoing political tensions and security-related debates at the federal level. He claimed that the alleged procurement of the chemicals was carried out under the guise of national security operations, warning that such substances could pose grave risks if mishandled or misused.

According to El-Rufai, the chemicals in question are highly toxic and capable of causing severe harm, insisting that their importation into Nigeria demands urgent clarification and transparency from the Office of the National Security Adviser. He called on relevant authorities to immediately disclose the nature, purpose, and handling protocols of the chemicals to reassure Nigerians.

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The former governor further argued that Nigeria’s fragile security environment makes the alleged acquisition particularly troubling, stressing that the country cannot afford actions that may worsen insecurity or endanger civilian lives. He urged the National Assembly and appropriate oversight bodies to investigate the matter thoroughly.

As of the time of this report, Ribadu has not publicly responded to the allegation. However, government officials familiar with security procurement processes have previously maintained that acquisitions linked to national security are usually subject to strict regulations and inter-agency oversight.

The allegation has since sparked widespread reactions across political and security circles, with calls for accountability and clarification dominating public discourse. Analysts say the claims, if substantiated, could raise questions about procurement standards, inter-agency coordination, and chemical safety regulations in Nigeria.

The development adds another layer to the ongoing political friction between key figures in the ruling establishment and highlights the increasing intensity of public exchanges among senior political actors.

Security Row: El-Rufai Accuses Ribadu of Procuring Dangerous Chemicals

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Singer Market Fire: Tinubu Sends Shettima, FG Delegation to Kano

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Singer Market Fire

Singer Market Fire: Tinubu Sends Shettima, FG Delegation to Kano

President Bola Ahmed Tinubu has directed Vice President Kashim Shettima to lead a high-powered Federal Government delegation to Kano State to express sympathy and provide support to victims of the devastating Singer Market fire disaster.

The directive was disclosed in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga. According to the statement, the delegation is scheduled to depart Abuja on Monday and will formally convey President Tinubu’s condolences to traders who lost goods worth billions of naira in the weekend inferno, which engulfed the market — the second major fire incident at Singer Market in less than two weeks.

The delegation will also convey the Federal Government’s pledge of financial assistance to support affected traders and assist the Kano State Government in facilitating the swift reopening of the market, which serves as a major food distribution hub for northern Nigeria and beyond.

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Members of the delegation include the Speaker of the House of Representatives, Tajudeen Abbas; the Deputy Senate President, Barau Jibrin; Kawu Ismaila; and Abubakar Kabir Bichi, who chairs the House of Representatives Committee on Appropriation. Also on the team are the Minister of Humanitarian Affairs, Bernard M. Doro, and the Director-General of the National Emergency Management Agency, Zubaida Umar.

President Tinubu had earlier spoken by telephone with Abba Kabir Yusuf, expressing his condolences to traders and residents of Kano over the devastating fire outbreak. He described the incident as deeply distressing, particularly as it occurred shortly after a previous fire destroyed dozens of shops and large quantities of goods at the same market.

The fire reportedly started on Saturday evening and raged into Sunday morning, causing extensive damage at Singer Market, widely regarded as Nigeria’s largest food market and a critical centre for the distribution of grains and foodstuffs across the country.

Concerned by the recurring nature of market fires, President Tinubu has directed a comprehensive investigation into the causes of the repeated incidents, with a view to strengthening fire safety measures, emergency response capacity, and preventive mechanisms in major commercial centres nationwide.

The Federal Government reaffirmed its commitment to supporting affected traders, safeguarding livelihoods, and working closely with state governments to prevent future disasters.

Singer Market Fire: Tinubu Sends Shettima, FG Delegation to Kano

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Omokri Alleges Possible Hacking in Obi–Oyedepo Audio Leak, Mentions el-Rufai

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Omokri Alleges Possible Hacking in Obi–Oyedepo Audio Leak, Mentions el-Rufai

Political commentator, Reno Omokri, has alleged that the controversial leaked telephone conversation between the presidential candidate of the Labour Party in the 2023 election, Peter Obi, and founder of Living Faith Church Worldwide, Bishop David Oyedepo, may have been the result of a coordinated hacking operation.

Omokri, in a statement shared on his verified social media handle, suggested that associates of a former Governor of Kaduna State, Nasir el-Rufai, could have had both the capacity and motive to compromise Obi’s phone and leak the conversation to the public during the heat of the 2023 presidential campaign.

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The leaked audio, which surfaced weeks before the presidential election, generated widespread reactions across political and religious lines, with critics interpreting parts of the conversation as religiously charged. Obi had, at the time, denied any wrongdoing and maintained that his comments were taken out of context.

In his latest remarks, Omokri argued that political phone hacking was not impossible in Nigeria’s political environment, adding that if high-profile communications could allegedly be breached, then the phones of political actors might also be vulnerable. He, however, did not provide evidence to substantiate the allegation.

Efforts to reach el-Rufai’s media aides for comments were unsuccessful as of the time of filing this report. There was also no immediate response from Obi’s camp regarding the fresh claims.

No security agency has publicly linked any individual or group to the leaked audio, and there is no official confirmation that the conversation was obtained through hacking.

Analysts say the renewed allegations reflect lingering tensions from the 2023 general elections and underscore growing concerns over cybersecurity and political misinformation in the country.

Omokri Alleges Possible Hacking in Obi–Oyedepo Audio Leak, Mentions el-Rufai

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