February 08, (THEWILL) – The Supreme Court ruling restraining the federal government from implementing the February 10, 2023 deadline phase out of the old N1000, N500, and N200 notes is irrelevant, non-binding and a distraction, according to a legal opinion on the matter seen by THEWILL.

“Neither the CBN nor deposit money banks were parties to the suit filed by three state governments (Kaduna, Kogi and Zamfara). The state governments simply took advantage of the fact that in matters purely between state and the FG, the Supreme Court can serve as the court of first and only instance. Joining the CBN in the matter would immediately rob the supreme court of jurisdiction,” the opinion said.


“Only the CBN is empowered by Law to determine what is termed legal tender, not the Supreme Court. The Attorney General of the Federation cannot issue a binding order on the apex bank governor or board as the CBN act didn’t contemplate such and the interim order is simply an academic attempt at grandstanding,” the opinion added.


https://thewillnigeria.com/exclusive-supreme-court-order-on-naira-irrelevant-non-binding-february-10-deadline-stays-cbn-legal-opinion/

Lalasticlala nlfpmod Seun nlfpmod Mynd44

Good move NIGERIANS are not fools

Laughing in Colombian Spanish!

Awesome news...

The executive order should come to the rescue.

Let's await the next single to be dropped on the popular "Emilokan" album.

fake news lets hear from a reliable source

CyynthiaKiss:
Details coming

At this stage of the naira redesign the problem is not about the extension of the timeline but the none availability of the new notes.

Because for now from my view over 80% of the old naira notes were already with the CBN

Except the president would ask the CBN governor to open the vault and bring out the old naira back in circulation.

I don't see that happening, so the way forward is the rapid printing of the new notes as well as rapid circulation.

Gbam

God bless his excellency president Buhari the out going president and
his excellency president Peter Obi GCFR the incoming president

we go tell ElRufai whether he be CBN governor abi Katsina governor
hahahahaha

CyynthiaKiss:
Details coming

Why misleading the general public

A

Since when did Buhari started obeying court orders?

And that will signal the end of democracy in Nigeria!
The government can disobey a ruling of a lower court pending appeal of such order but not supreme court order. Supreme court can't even reverse itself after the order.
FG should accept the interim injunction in good faith and works towards winning the case before the supreme court when proceedings commenced in February 15th.
Anything less than that is calling for anarchy in the country!

CyynthiaKiss:
Details coming

Stop misleading people you Igbo! Disobeying the supreme court of the land is a call to anarchy. Even buhari won't try it. This is not kanu's case that can be interpreted anyhow

What is even the verdict of supreme court?

saintopus:

At this stage of the naira redesign the problem is not about the extension of the timeline but the none availability of the new notes.

Because for now from my view over 80% of the old naira notes were already with the CBN

Except the president would ask the CBN governor to open the vault and bring out the old naira back in circulation.

I don't see that happening, so the way forward is the rapid printing of the new notes as well as rapid circulation.

you have said it All . print more money and ensure its appropriate circulation . they can stick to the maximum withdrawal but make it available.simple

CyynthiaKiss:
Details coming

The Supreme court has overuled that deadline

Ogbuefi2020:
Since when did Buhari started obeying court orders?

You go around talking like a typical brainless IPOBian. Obvious you people are delusional regarding the mythical power you seem to be ascribing to Buhari.

We are 15 days from a general election and only a few months to Buhari handing over. You think an outgoing President, with almost both feet outside the door, holds any fear for those who are planning to be the 'new kids on the block' after him?

Are you people dumb to think a President who was never a popular, loyal or beloved/uniting leader of the ruling Party will have anyone , other than those in his cabal, behind him when all others realize they only have to endure for three months for Buhari to be history?

You people learnt nothing from the resistance of many against Obasanjo's third term plot or GEJ's failure to bully, cower or tame nPDP when it was 5 minutes to twelve for his Presidency.

Living in fantasy land is a curse for you people so I am never surprised to read your rubbish and senseless take on events. Watch as things unfold.

SHARP

Dsalvo:


You go around talking like a typical brainless IPOBian. Obvious you people are delusional regarding the mythical power you seem to be ascribing to Buhari.

We are 15 days from a general election and only a few months to Buhari handing over. You think and outgoing President, with almost both feet outside the door, holds any fear for those who are planning to be the 'new kids on the block' after him?

Are you people dumb to think a President who was never a good President or beloved/uniting leader of the ruling Party will have anyone , other than those in his cabal behind him when all others realize they only have to ensure for three months for Buhari to be history?

You people learnt nothing from the resistance of many against Obasanjo's third term plot or GEJ's failure to bully, cower or tame nPDP when it was 5 minutes to twelve for his Presidency.

Living in fantasy land is a curse for you people so I am never surprised to read your rubbish and senseless take on events. Watch as things unfold.

Trash

MyMouth:

Stop misleading people you Igbo! Disobeying the supreme court of the land is a call to anarchy. Even buhari won't try it. This is not kanu's case that can be interpreted anyhow

Rubbish....

We spit on slaves

MyMouth:

Stop misleading people you Igbo! Disobeying the supreme court of the land is a call to anarchy. Even buhari won't try it. This is not kanu's case that can be interpreted anyhow

Did Igboman rape your mother?
What brought tribe into what she wrote?

MyMouth:

Stop misleading people you Igbo! Disobeying the supreme court of the land is a call to anarchy. Even buhari won't try it. This is not kanu's case that can be interpreted anyhow

The Nigerian Supreme Court has never been weaker because those justices ask for black eye every time like they did in IMO state. Stay tuned.

OyeofIkoTuN:


Trash

Olodo.

IMPS AND EMEFIELE FACES IN THE DIRTY MUD

Impossible!!!

Piiggiiddioootts and wishful thinking!!!

OBI IMPS AND EMEFIELE FACES IN THE DIRTY MUD

MyMouth:

Stop misleading people you Igbo! Disobeying the supreme court of the land is a call to anarchy. Even buhari won't try it. This is not kanu's case that can be interpreted anyhow

They have no sense. They don't mind suggesting ludicrous abuse of power, that they may even be the biggest victim of, out of hatred for others.

Buhari is a democratically elected President and no longer a military head of State.

Only kids and senseless trolls, which most Igbos are, will not understand the consequences of him defying the ruling of the apex court of Nigeria.

Dsalvo:


Olodo.

Smh

Dsalvo:


They have no sense. They don't mind suggesting ludicrous abuse of power, that they may even be the biggest victim of, out of hatred for others.

Buhari is a democratically elected President and no longer a military head of State.

Only kids and senseless trolls, which most Igbos are, will not understand the consequences of him defying the ruling of the apex court of Nigeria.

RUBBISH