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Kaduna, Kogi, Zamfara govts drag FG to Supreme Court over naira scarcity

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2 months ago

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Worried by the effects the Central Bank of Nigeria (CBN)’s naira redesign policy is having on the residents of their states, the governments of Kaduna, Kogi and Zamfara have dragged the Federal government before the Supreme Court, seeking a restraining order to stop the full implementation of the policy.

In a motion ex-parte filed on their behalf by their lawyer, AbdulHakeem Uthman Mustapha (SAN), the three northern states are urging the apex court to grant them an interim injunction stopping the Federal Government either by itself or acting through the CBN, the commercial banks or its agents from carrying out its plan of ending the timeframe within which the now older versions of the 200, 500 and 1000 denominations of the Naira may no longer be legal tender on February 10, 2023.

The Plaintiffs in the suit are the three Attorneys-General and Commissioners of Justice of the three states, while the Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), is the sole Respondent.

The Plaintiffs said that since the announcement of the new naira note policy, there has been an acute shortage in the supply of the new naira notes in Kaduna, Kogi and Zamfara States and that citizens who have dutifully deposited their old naira notes have increasingly found it difficult and sometimes next to impossible to access new naira notes to go about their daily activities.

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They also cited the inadequacy of the notice coupled with the haphazard manner in which the exercise is being carried out and the attendant hardship same is wrecking on Nigerians, which has been well acknowledged even by the Federal Government of Nigeria itself.

The Plaintiffs further maintained that the ten-day extension by the Federal Government is still insufficient to address the challenges bedeviling the policy.

Recall that over the weekend, the CBN Governor at a press conference held in Lagos insisted that that the apex bank will not extend the deadline for swapping old naira notes with the newly redesigned ones.

In the suit filed at the apex court, the Plaintiffs have also filed a motion on notice to abridge the time within which the Respondent may file and serve his Counter-Affidavit to this Suit and an order for an accelerated hearing of this matter.

The states are seeking a declaration that the Demonetization Policy of the Federation being currently carried out by the Central Bank of Nigeria under the directive of the President of the Federal Republic of Nigeria is not in compliance with the extant provisions of the Constitution of the Federal Republic of Nigeria 1999 (as amended), Central Bank of Nigeria Act, 2007 and actual laws on the subject.

They are also asking the court to make a declaration that the three-month notice given by the Federal Government of Nigeria through the Central Bank of Nigeria under the directive of the President of the Federal Republic of Nigeria, the expiration of which will render the old Banknotes inadmissible as legal tender, is in gross violation of the provisions of Section 20(3) of the Central Bank of Nigeria Act 2007 which specifies that Reasonable Notice must be given before such a policy.

The Plaintiffs are also urging the court for a declaration that given the express provisions of Section 20(3) of the Central Bank of Nigeria Act 2007, the Federal Government of Nigeria, through the Central Bank of Nigeria, has no powers to issue a timeline for the acceptance and redeeming of banknotes issued by the Bank, except as limited by Section 22(1) of the CBN Act 2007. The Central Bank shall at all times redeem its bank notes.

The Plaintiffs further want the court to direct the immediate suspension of the demonetisation of the Federal Government of Nigeria through the Central Bank of Nigeria under the directive of the President of the Federal Republic of Nigeria until it complies with the relevant provisions of the law.

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In an affidavit filed in support of the suit and sworn to by the Attorney General and Commissioner for Justice, Kaduna State, Aisha Dikko, she averred that although the naira redesign policy was introduced to encourage the cashless policy of the Federal government, it is not all transactions that can be conveniently carried out through electronic means.

She maintained that several transactions still require cash in exchange for goods and services hence the need for the Federal Government to have sufficient money available in circulation for the smooth running of the economy.

Dikko also pointed out that the Federal Government has embarked on the policy within a narrow and unworkable time frame, and this has adversely affected Nigerian citizens within Kaduna, Kogi and Zamfara States as well as their Governments, especially as the newly redesigned naira notes are not available for use by the people as well as the State Governments.

“That the majority of the indigenes of the Plaintiffs’ states who reside in the rural areas have been unable to exchange or deposit their old naira notes as there are no banks in the rural areas where the majority of the population of the states reside.

“Most people in rural areas of the Plaintiffs’ states do not have bank accounts and have so far been unable to deposit their life savings which are still in the old naira notes.

“There is restiveness amongst the people in the various states because of the hardship being suffered by the people, and the situation will sooner than later degenerate into the breakdown of law and order.

“The Plaintiff State Governments cannot stand by as they are duty-bound to protect citizens in their states and prevent the breakdown of law and order.

“I know that if the Federal Government of Nigeria had given sufficient and reasonable time for the naira redesign policy, all the current hardship and loss being experienced by the Plaintiffs’ State Governments as well as people in the various states would have been avoided.

“I know that the 10-day extension by the Federal Government is still insufficient to address the challenges bedevilling the policy. I also understand that the Federal Government cannot bar Nigerians from redeeming their old naira notes at any time, even though the senior notes are no longer legal tender.

“Unless this Honourable Court intervenes, the Government and people of Kaduna, Kogi and Zamfara State will continue to go through a lot of hardship and would ultimately suffer great loss as a result of the insufficient and unreasonable time within which the Federal Government is embarking on the ongoing currency redesign policy,” she stated.

No date has been fixed for the hearing of the suit.

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Four sentenced to death by hanging for kidnapping Emzor Pharmaceutical MD’s sister

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7 hours ago

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March 24, 2023

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Justice Lateef Lawal-Akapo of a Lagos State High Court sitting in Ikeja on Thursday sentenced four men to death by hanging for armed robbery and kidnapping of Mrs. Gloria Emole, the younger sister of Emzor Pharmaceu­tical Managing Director, Chief Ebuka Okafor.

The convicts are Victor Chuk­wunonso V, Ifeanyi Maduaka, Obinna Nwankwo, and Richard Nwabueze.

The trial judge, Justice Lawal-Aka­po, held that the prosecution was able to prove its case beyond a reasonable doubt.

The first convict Chukwunoso was a former employee of the victim’s el­der brother who was sacked after he fought in the company against the rule of the company that fighting was prohibited.

The convicts were arraigned on July 13, 2013, and were remanded in prison custody.

The convicts had on November 19, 2012, at about 8:30 a.m. committed the offences.

They were arraigned on a three-count charge bordering on conspir­acy, armed robbery, and kidnapping preferred against them by Lagos State.

The Director of Public Prosecu­tion, Dr. Babajide Martins, had told the court during their arraignment that they had kidnapped the victim who was about to leave her house at 7, Unity Street, Ogudu GRA, Lagos.

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Martins had told the court that the victim was kidnapped, blind­folded thrown inside the booth, and was driven to an unknown area in Ikorodu.

According to the Prosecutor, the offences committed are contrary to and Punishable Under sections 297,285 (2) a, and 291, of the Criminal laws of Lagos State 2015.

The victim was later released on November 22, 2012, after a ransom of $ 70,000 US dollars was paid, by her husband.

During the trial, the prosecution called four witnesses, who testified against the defendants.

The victim narrated to the court that she made a statement at the Police station and how the incident happened.

She said that on November 19, 2012, the first accused person held a double barrel, accosted her at about 8:30 a.m., blindfolded and locked her in her booth, and took her to an un­known destination.

She narrated that after the kidnap they demanded $300,000.

The victim’s husband, Osodun Emole, in his testimony also told the court that he paid the first and sec­ond convicts the sum of $70,000 US dollars.

Emole said that they had initially asked for $300,000, but after negotia­tion, they accepted $70,000.

He stated that he put the money in­side an envelope and he was instruct­ed how he was to dress and where to drop the money.

Emole also told the court that it was the police that told him that the convicts had been arrested.

Inspector Gbenga Faguiro, who tendered nine exhibits, had also nar­rated that the first convict was arrest­ed at Alapere Ketu and a Nokia phone was recovered from him. Independent

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Pastor absconded after using group’s thrift savings to pay LAPO debt

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7 hours ago

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March 24, 2023

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Amazing Grace membership form

Martins Emmanuel, a member of the Amazing Grace Eagle Family, a Christian group in Kwara, has told FIJ how a pastor absconded with the monetary contributions of the group.

Emmanuel narrated how his pastor introduced him to the thrift, which was being run by his associate, another pastor named Afolabi Olakunle Alexander.

Emmanuel told FIJ he agreed to the said thrift in order to have savings for his child’s school fees.

“In December 2021, precisely December 27, I got a chat from my pastor, Reverend Simeon Oladejo. He told me thrift was being organised for Christian believers. We attend same church, and he’s one of our pastors in Ife. I asked him how much I could be contributing, and he told me the least was N5000,” said Emmanuel.

“I agreed, and I started making my contributions in February. I made my contributions until November 2022, when I was to get my money.

“According to the list of people that would be paid monthly, which was sent to the platform, I was to be paid on November 15, 2022.”

However, when Emmanuel reached out to his pastor, he was told Pastor Afolabi had absconded with the money and efforts to reach him had been futile.

“When I reached out to Reverend Oladejo, he said the man took away the money, and that he had tried to get across to him, but to no avail,” Emmanuel told FIJ.

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“Pastor Afolabi is a known associate of Reverend Oladejo. After making the payment into his account, the receipts were usually sent to him.

“I began to send messages to him to please give me my money, as I needed to pay my children’s school fees. But he replied none of my messages, including the ones sent on WhatsApp. He would read but not reply.”

OVER 100 CONTRIBUTORS INVOLVED

Documents and other items of evidence at FIJ’s disposal show that no less than hundred contributors were involved.

FIJ reached out to some other members of the group, and their accounts did not differ from Emmanuel’s.

One Omoniyi, a Port-Harcourt resident, told FIJ that he also could not get his money. He said his efforts had always been met with a series of excuses from Reverend Oladejo, who introduced him to the group.

“I am also involved in it. I have about N55,000 with him, but each time I reached out, I was always told that the persons in charge of the money ran away with it. There are many others that have not got their money,” Omoniyi told FIJ.

‘OVER N2M BELONGING TO MY GROUP NOT PAID’

An inner member of the group, who asked not to be named, told FIJ that no less than N2 million belonging to his own clique in the group had not been paid. This, according to him, was besides his own personal N200,000.

“I am a member of the group, and I hold an important position in the administration of the thrift. The matter is more serious than that. My money too is stuck in there, and it is about N200,000. The people that I brought into the programme have also not been paid their money, which is over N2 million naira.”

FIJ learned that Pastor Afolabi used the money contributed to offset his debt with the microfinance bank popularly known as LAPO.

“He is running round to source for money. The issue is that he was owing LAPO some money. LAPO then told him to pay up to lend him more money, which he believed he would use to pay the contributors in the thrift group,” said a source who asked not to be named.

“However, after he paid LAPO using the contributors’ money, LAPO came up with an excuse that they had closed for the year.”

Efforts by FIJ to hear from Pastor Afolabi proved abortive as his line was unreachable.

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BREAKING: Ike Ekweremadu, wife found guilty of organ trafficking

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1 day ago

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March 23, 2023

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Ike Ekweremadu, and his wife, Beatrice

Ike Ekweremadu, a former Deputy Senate President; Beatrice, his wife; and their doctor have been found guilty of organ trafficking in the UK.

The decision was reached after a jury deliberated for 14 hours.

It represents the first verdict of its kind under the Modern Slavery Act of the country.

Ekweremadu, 60; his wife, Beatrice, 56; and Dr Obinna Obeta, 51, were found guilty of facilitating the travel of a young man to Britain to exploit him after a six-week trial at the Old Bailey.

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Prosecutors told the Old Bailey that the kidney was to be harvested for Sonia, the couple’s daughter. Sonia was cleared of the same charge.The victim, a street trader from Lagos, was brought to the UK last year to provide a kidney in an £80,000 private transplant at the Royal Free Hospital in London. Obeta was regarded as the middleman in the case. FIJ

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