BREAKING: Old, new Naira notes to co-exist till further notice -  Supreme Court – Newstrends
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BREAKING: Old, new Naira notes to co-exist till further notice –  Supreme Court

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BREAKING: Old, new Naira notes to co-exist till further notice –  Supreme Court

The Supreme Court on Wednesday ordered that the old N200, N500, and N1000 notes should continue to co-exist with the new notes till further notice.

The apex court ruled that both old and new notes should continue to remain legal tender until the Federal Government put a process in place for its replacement or redesign after due consultation with relevant stakeholders.

Mid-November, the Central Bank of Nigeria (CBN) had said the old N200, N500, and N1,000 notes would remain legal tender indefinitely.

The Federal Government subsequently urged the Supreme Court to grant an extension of time for old naira notes to remain in circulation as legal tender.

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In an application by the Attorney-General of the Federation, Lateef Fagbemi, the Federal Government asked the apex court to lift its March 3 order that the old naira notes should remain alongside the new notes till December 31, 2023.

The Federal Government explained that should the Supreme Court decline its request to extend the period of circulation of old notes, the country stands the risk of descending into another national, economic and financial crisis as witnessed in the first quarter of the year when the naira redesign policy was being implemented under the former Central Bank Governor, Godwin Emefiele.

It asked the court to allow the old notes to be in use with the new notes until after it consults with stakeholders, pointing out that the economy may be in jeopardy once again because some Nigerians have started hoarding the old and new naira notes ahead of the December 31st timeline.

In its ruling on Wednesday, the apex court ruled that old and new naira notes should co-exist till further notice.

BREAKING: Old, new Naira notes to co-exist till further notice –  Supreme Court

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Nigerian varsity VC suspended over alleged gross misconduct

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Suspended Vice-Chancellor Augustine Angba

Nigerian varsity VC suspended over alleged gross misconduct

In an unexpected turn of events, the Governing Council of the University of Cross River State (UNICROSS) has suspended Vice-Chancellor Augustine Angba on allegations of severe misconduct.

The decision was reached at a meeting of the Governing Council on Monday, May 6, 2024, where they resolved to release Angba of his duties with immediate effect.

The council has nominated Professor Stephen Oshang of the Faculty of Agriculture to serve as the interim Vice-Chancellor until further notice.

UNICROSS

The suspension comes on the heels of a vote-of-no-confidence passed by some staff members of the university on January 17, 2024.

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The staff, who were protesting the non-payment of five months’ salary arrears, had carried placards with slogans like “This Management and the VC must go” and “We don’t want them any longer.”

Angba had previously criticized the staff unions, claiming that four members had hijacked the union and incited others to protest on the streets.

However, the Governing Council’s decision suggests that they found merit in the allegations against the embattled Vice-Chancellor.

Despite several attempts, Vanguard efforts to reach the university’s spokesperson, Mr. Onen Onen, for comments on the matter were unsuccessful, as his phone line was not answered at the time of filing this report.

Similarly, Professor Angba’s phone line was busy when contacted.

Nigerian varsity VC suspended over alleged gross misconduct

(Vanguard)

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Lagos to experience morning, afternoon thunderstorms for 3 days

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Lagos to experience morning, afternoon thunderstorms for 3 days

NiMet’s weather outlook released on Sunday in Abuja forecasts sunny and hazy conditions on Monday over parts of Yobe, Jigawa, Kano and Katsina states throughout the forecast period with chances of morning thunderstorms over parts of Taraba state.

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Your position on state police unacceptable, Lagos Assembly tells IGP

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Inspector-General of Police (IGP), Olukayode Egbetokun

Your position on state police unacceptable, Lagos Assembly tells IGP

The Lagos State House of Assembly has kicked against the position of the Inspector-General of Police, IGP, Olukayode Egbetokun, that Nigeria is not ripe for the establishment of state police.

Speaker of the House, Mudashiru Obasa, directed the Clerk of the House, Olalekan Onafeko, to write the Inspector-General and the National Assembly stating that the state lawmakers reject Egbetokun’s position.

Recall that the IGP, represented at a recently held one-day dialogue on state policing, themed, ‘Pathways to Peace: Reimagining Policing in Nigeria,’ opposed the establishment of state police, arguing that it would increase ethnic tension and cause divided loyalty in states of the federation.

The IGP also suggested that the Federal Road Safety Corps and the Nigeria Security and Civil Defence Corps be merged with the police force.

However, speaking at plenary on Monday, Obasa, who noted that the FRSC and the NSCDC have not been able to solve the problems of accidents on roads and pipeline vandalism respectively, wondered how effective they would be if they are merged with the police force.

“In Lagos State, we have the Security Trust Fund through which successive administrations starting from that of Asiwaju Bola Ahmed Tinubu have provided enormous support to the police command in Lagos State. Yet, crime of different dimensions has continued.

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“This shows that no matter what Egbetokun has proffered as solution, such won’t solve our problem. The position of the IGP is unacceptable.

“We strongly believe that if we have state police, we would be able to solve the issues of crime in our nation or reduce it to the minimum.

“As we have seen in other climes, the United Kingdom has different levels of policing just like the United States of America. So why should ours be different?

“The lives of our people are very important and we must do everything possible to make sure we protect lives and property. We want to state categorically that we believe in state police and we want to urge the National Assembly to continue with its intendment to establish state police through the process of constitutional amendment,” Obasa said while praising President Tinubu for his resolve to end insecurity in the country.

Commending the Speaker for his stand on the issue of state police, the lawmaker representing Badagry Constituency 1, argued that with its current structure, it would be difficult for the Nigeria Police Force to effectively secure the country.

Also declaring his support for state police, another lawmaker, Hon. Sa’ad Olumoh (Ajeromi/Ifelodun 1), said each Nigerian state currently has a local security outfit in the semblance of state police.

“Today, which state does not have state police one way or the other? This is a cause that should be supported. For the IG to come out and say state police is not in the interest of Nigeria shows he is not considering the reality of insecurity on Nigerians,” he said.

Your position on state police unacceptable, Lagos Assembly tells IGP

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