CASH POLICY: CONFUSION AROUND OLD NAIRA NOTES RUMBLE ON
No one is accepting old Naira notes banks gave us – Customers
For yet another week, stakeholders across the nation are having issues dealing with the new cash policy. According to stakeholders all over the country, it has been challenging spending the two denominated notes because Nigerians were not accepting the money for their daily transactions.
The Supreme Court, on March 3, ordered that the old Naira notes be allowed in circulation along with the new notes until December 31 2023.
The President has also been urged to make a statement on the entire situation.
I’ll order arrest of traders rejecting old naira notes in Ekiti — Governor Oyebanji
Still on the ongoing cash policy. The Governor of Ekiti State, Biodun Oyebanji, has said any trader in the state that doesn’t collect the old naira notes will be dealt with. He explained that the old N500 and N1000 denominations remained legal tender by the ruling of the Supreme Court which extended its validity date till Dec 31 2023.
CASH POLICY: IMPACT ON LIVES
The Joint National Association of Persons with Disabilities (PWDs) said its members are the worst hit of the policy. The body said its members hardly gain access to banks to cash their money. According to the chairman, some have sustained injuries while struggling to gain access to the bank. He pleaded with the Government to come to their aid.
Residents of Osogbo in Osun have decried their inability to spend the old Naira notes, despite the Supreme Court’s pronouncement that they remain legal tender until Dec. 31.
They were happy with the Supreme Court’s judgment, but were disappointed when traders refused to accept the money.
2023 GUBERNATORIAL ELECTIONS
2023 elections: We have no plan to attack Lagos – IPOB
Special Adviser to Governor Babajide Sanwo-Olu on drainages, Joe Igbokwe, said President-elect Bola Tinubu will rule Nigeria until 2031. Then subsequently handover to a northerner. Igbokwe said this in response to a comment on a post made on Facebook. He also justified that Igbos residing in Lagos should support the re-election of the governor who is seeking his second term. He said this because according to him, the president-elect and former governor of the state had backed well-known Igbo businessmen in Lagos.
OGUN GUBERNATORIAL
Some members of the Ogun State chapter of Labour Party have disassociated themselves from the Ogun State Governor’s endorsement.
A faction of the party stated this in a statement signed by its Caretaker Publicity Secretary, Tokunbo Peters. Mr Peters made available the news to reporters in Abeokuta, Ogun State capital. He described the endorsement as “dubious, atrocious and grievous”.
Peters said that although overtures have been made to the Labour Party by the ruling party. The LP is totally averse to any form of alliance. Either with the APC or whoever. Stressing that the APC government in the state lacks purposeful leadership.
In other news.
Makinde has no moral right to name demolished mosque after self – MURIC
The Muslim Rights Concern (MURIC) has warned the Oyo State Governor, Seyi Makinde. The body says the Governor has no moral right to rename an extra Islamic building. This building is the rebuilt Adogba Central Mosque, which his administration demolished in 2020. The Governor had named it after himself. The MURIC Executive Director, Prof. Ishaq Akintola, said this in a statement on Saturday.
FOREIGN
More than 1,000 people have been brought to safety at two Italian ports. This was after four overcrowded boats encountered problems. Italy has recently seen a sharp rise in the number of refugees attempting to reach its shores via the dangerous Mediterranean crossing.
The interior ministry says more than 17,500 people have arrived by sea so far this year. This is almost three times the number for the same period last year.
SPORTS
Liverpool fails to get into the top four for the first time since January. The Merseyside failed to capitalize on a great chance as they were guaranteed of a top spot with a win. They fell 1-0 down to bottom-side Bournemouth. Mo Salah also missed a penalty as the visitors remain fifth in the standings.
Thanks for reading
