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Nairaland Forum / Nairaland / General / Politics / New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN (59170 Views)
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Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Dottormentor: 9:46pm On Mar 04, 2023 |
Yeye abino Emo oyinbo. Kaakulu fun e References1: |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by olan4ward: 9:50pm On Mar 04, 2023 |
FreedomArmy: It seems u have been having easy access to the new Naira notes if not u wouldn't come online and be supporting a policy that have been putting a devastating hardships on an average Nigerian ....I am sure u would not be supporting CBN if u have been leaving your house by 4 am to ATM point and still come back empty handed at the end of the day 2 Likes 1 Share |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by INVINCIBLECSP1(m): 9:51pm On Mar 04, 2023 |
Sammy07:Who will jail him. Thiéfnubu the mandate thief or who. 🙄🙄🙄🙄🙄 1 Like |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by meks007(m): 9:54pm On Mar 04, 2023 |
How old is she? |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by OBJECTIVITY4ALL: 9:56pm On Mar 04, 2023 |
Rexxie234:What if God decided to return you to your creator while TINUBU rule Nigeria? 1 Like |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by lexy2014: 9:58pm On Mar 04, 2023 |
9jaRealist: Why are "the law courts (including the Supreme Court) are neither empowered nor equipped to determine which policies of the executive branch are substantively ‘good’ or ‘bad'"? Where did you get that from? According to you: "The constitutional power of Judicial Review granted to the judiciary is limited to deciding if laws/policies are in compliance with the law" Did the judgment by the supreme court not address the above? 1 Like |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Nobody: 10:04pm On Mar 04, 2023 |
scholarsfunding:I just weak bro. Wetin concern supreme court with d economy? Nawao |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by BreconHills(m): 10:04pm On Mar 04, 2023 |
IfnobeGod20: |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by DECLAN2015(m): 10:05pm On Mar 04, 2023 |
Luukasz: Obi came 3rd |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Harrynight(m): 10:06pm On Mar 04, 2023 |
scholarsfunding: Are you aware that people are suffering cos of lack of access to cash? May God in heaven punish emefile and all who still support this🙏 1 Like 1 Share |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by bonnyhope: 10:06pm On Mar 04, 2023 |
HellVictorinho7: You can say your view without insult or you don't have any meaningful contribution |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Harrynight(m): 10:08pm On Mar 04, 2023 |
FreedomArmy: Are you aware that people are suffering cos of lack of access to cash, I've been starving today cos I can't have access my own money to buy something on the street May God in heaven punish emefile and all who still support this 1 Like 1 Share |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Nobody: 10:08pm On Mar 04, 2023 |
Nothing concerns CBN and court rulings. CBN is independent of them all except the President in some certain matters. Nothing wey court go do cbn governor! |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Ken4Christ: 10:08pm On Mar 04, 2023 |
manutdrichie: You are completely brainless. So, countless millions must suffer for kidnapping to stop. What are the security doing with the huge money budgeted for security? You must be single with no dependent relatives. 1 Like 1 Share |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Agunesinjaweola: 10:09pm On Mar 04, 2023 |
Rexxie234:OBI is the people's President ! That's the most important Abii ? Let's just leave Tinubu with Nigeria people OBI is our President 😄😆 |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Ken4Christ: 10:09pm On Mar 04, 2023 |
FreedomArmy: CBN has no legal right to tell me how to spend my money. 1 Like 1 Share |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Sircosy: 10:10pm On Mar 04, 2023 |
Keying to the idea by force?. Where is the 20k self? If we saw 20k, would we complain? |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by streetfabulous: 10:14pm On Mar 04, 2023 |
FreedomArmy:The Supreme court is not challenging the powers of CBN to create and drive monetary policies. Please understand that even with the powers CBN has, there are certain monetary policies that the Apex bank cannot take unilaterally without proper consultation with key stakeholders and economic decision makers in the country. The Supreme court is faulting the recklessness of implementation in that the CBN did not even consult the Council of state, Federal executive Council, National Economic Council e.t.c. The CBN governor went straight to the President who demonstrated ignorance by signing the policy without demanding that the CBN carry out the necessary consultations. Hence, the court rebuked Buhari for acting ultra vires and as a DICTATOR. This recklessness on the part of CBN and Buhari created aggrieved parties and represents a breach of fundamental human rights. That is why the Supreme court insisted that they have a right to hear the case because if the powers you have infringes on human rights and creates aggrieved parties then the court can hear the matter. After all, every power, even the powers of CBN and the President is derived from the Law. 2 Likes 1 Share |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Ken4Christ: 10:14pm On Mar 04, 2023 |
Luukasz: Peter Obi will recover his stolen mandate unless they want to throw the country into crises that is bigger than them. 1 Like |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Ken4Christ: 10:19pm On Mar 04, 2023 |
The greatest challenge of this naira scarcity is movement from place to place. I believe only those who have cars are the only ones not complaining because they can buy fuel with credit card. But you can't pay for transport with cards. And when you do not have physical cash, you movement is restricted. Don't think about yourself only. So many are not having it funny. It is a wicked and useless policy. 1 Like 1 Share |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by BreconHills(m): 10:19pm On Mar 04, 2023 |
IfnobeGod20: You said he did not quote any law. You probably read extracts of newspaper reports. He quoted the Federal Constitution but let's even stay with the Banking Act 20.-(1) The currency notes issued by the Bank shall be legal tender in Nigeria at their face value for the payment of any amount. (2) The coins issued by the Bank shall, if such coins have not been tampered with, be legal tender in Nigeria at their face value up to such amount or amounts as may be determined, from time to time, by the Bank. (3) Notwithstanding Sub-sections (1) and (2) of this section, the Bank shall have power, if directed to do so by the President and after giving reasonable notice in that behalf, to call in any of its notes or coins on payment of the face value thereof [/b]and any note or coin with respect to which a notice has been given under this Sub-section, shall, on the expiration of the notice, cease to be legal tender, but, subject to section 22 of this Act, [b]shall be redeemed by the Bank upon demand.” I have bolded the necessary sections. The court held notice given was not reasonable because in a federation, the constituent states must be consulted The court held the withdrawn notes should under the Banking Act be redeemable on demand which was not the case. I am surprised to hear anyone who is not a fascist talk about the powers of the supreme court bring used recklessly when in fact it is a trite saying that a court is the last hope of the common man. If a President has a numerical majority in the house and states - how else can he be checked. Is it the legislature who are beholden to him? Can the minority check him? Can his fellow executives check him? It is curious to hear buhari being given these extensive powers by people who were in opposition to him. Even if such people believed that the cash crisis would favour them, this has been proved patently wrong. I can only surmise that it is a case of whatever my opponent is against I must be for even if it makes no sense. It would be funny to see what would happen were BAT to begin exercising actions which are ultra vires the President while holding a clear majority in both houses. Any nation is only a step away from becoming a dictatorship where it does not have strong independent judiciary. 2 Likes 1 Share |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Tulsaguy: 10:21pm On Mar 04, 2023 |
FreedomArmy: Political affiliations has beclouded your sense of judgment. CBN Acts is subject to the Supreme Court scrutiny. In fact every Act or law establishing all agencies of government are to be interpreted by the court. 1 Like 1 Share |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Bluffly: 10:21pm On Mar 04, 2023 |
FreedomArmy:I tire o. Same thing I have been saying but it appears that Nigeria has a lot of dim wits |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Sholaayeni070: 10:25pm On Mar 04, 2023 |
Ibo people wicked dats why they can't rule this country |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by olaszydaruma(m): 10:26pm On Mar 04, 2023 |
Good evening Nairalanders, please which EasyBuy phones can I get with a first payment of 30k to 35k. I really needed this information urgently. God bless |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by chukwuibuipob: 10:29pm On Mar 04, 2023 |
Rexxie234:u kids know nothing. Where are those that wish Buhari dead today? Do u know that u can even Go REST b4 Tinubu? Watch ur 😜 son |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by guru90: 10:34pm On Mar 04, 2023 |
9ja in the hands of confusion leaders.... We masses don suffer ooooh.. |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by HellVictorinho7: 10:38pm On Mar 04, 2023 |
0monnak0da:spits |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Freebills12: 10:40pm On Mar 04, 2023 |
[color=#000099][/color] Goodconcept78: Are you not stupid? For 23 years the Igbos have voted for others likewise your tribes man twice Obasnjo, they always give 100% support to whomever they support! They always support the best candidate, reason they rejected Buhari 5 times. Tinibu, Atiku are no match for Obi in terms management, acountability, health wise, visionary and morality. Why would anyone support them? In 2019 the Igbos supported Atiku because he is better than Buhari likewise GEJ vs Buhari, Yaradua vs Buhari, Obasnjo vs Buhari. Igbos will never support evil |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by HellVictorinho7: 10:43pm On Mar 04, 2023 |
bonnyhope:it is because u r not saying what will reduce my sorrow |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by 0monnak0da: 10:45pm On Mar 04, 2023 |
HellVictorinho7: |
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by HellVictorinho7: 10:46pm On Mar 04, 2023 |
Bluffly:as u never chi chomtin, may thunder damage ur eardrums 1 Like |
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