vicdom:

You are right! The constitution has empowered CBN on any decisions made with regards to monetary polices and any physical policies lies in the exclusive list of the executive arms, and as such, no court has jurisdiction to determine how things are run therein.

post=120747194:
EXCLUSIVE: Supreme Court Order on Naira Irrelevant, Non-binding, February 10 Deadline Stays – CBN Legal Opinion

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 CBN legal opinion on the matter seen
“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.

Penguin2:
Everything I said in my post reechoed here.

Supreme Court has no jurisdiction over this case. If the plaintiffs were serious, they know that the right place to institute the case is at the High Court.

What the lawyers of Kaduna, Kogi and Zamfara have done is abuse of court process.

Garfield1
Afamed

Iamgrey5:
Aren't the judiciary tasked with interpretation of the law

So it is hard to argue that the Supreme court has no jurisdiction over hearing a case that deals with the disputed interpretation of the law amongst the different branches of the Executive arm of government.

The Governors challenge the central bank that it has wrongly interpreted the law over the deadline set to stop the old Naira note as a legal tender, while the central bank in its opinion believe it has not wrongly interpreted the law.

It's only logical that the judiciary step in to rightfully interprete the law after hearing both sides of the argument.

The policy of introducing new naira note is very different from the Argument above.

Penguin2:
Everything I said in my post reechoed here.

Supreme Court has no jurisdiction over this case. If the plaintiffs were serious, they know that the right place to institute the case is at the High Court.

What the lawyers of Kaduna, Kogi and Zamfara have done is abuse of court process.

Garfield1
There's appellate jurisdiction and ante parte
Afamed

Chekwume16:
Stop saying the what you don't know. The cbn was mentioned in the injunction. It is left to the cbn now to argue on the jurisdiction when the matter comes up on the 15th for hearing. That is how the law works. Everyone will abide by this ruling for now.

Iamgrey5:
Aren't the judiciary tasked with interpretation of the law

So it is hard to argue that the Supreme court has no jurisdiction over hearing a case that deals with the disputed interpretation of the law amongst the different branches of the Executive arm of government.

The Governors challenge the central bank that it has wrongly interpreted the law over the deadline set to stop the old Naira note as a legal tender, while the central bank in its opinion believe it has not wrongly interpreted the law.

It's only logical that the judiciary step in to rightfully interprete the law after hearing both sides of the argument.

The policy of introducing new naira note is very different from the Argument above.

Iamgrey5:
The dispute between different branches of the executive can be taken straight to the supreme court even in developed countries like America.

The Row vs Wade repeal

The Affirmative action repeal case still going on

If the action is deemed unconstitutional by the supreme court, it's reversed immediately.

Penguin2:
Everything I said in my post reechoed here.

Supreme Court has no jurisdiction over this case. If the plaintiffs were serious, they know that the right place to institute the case is at the High Court.

What the lawyers of Kaduna, Kogi and Zamfara have done is abuse of court process.

Garfield1
Afamed

davidtemi:

...and the attorney general office said it is wrong for supreme court to even have power to hear the case. So u are saying Malami does not knw wat he's saying, or what's ur point pls?

danngnews:


You no dey hear word? Is CBN and executive arm of the government? Don't you understand that adding CBN to the suit have invalidated their case?

seunmsg:
The court will hear the case on 15th February and adjourn for response of the prosecution to the submission of the respondent till February ending. Finally, judgement will be entered March ending. By then, even the CBN will no longer be interested in the Naira redesign as the political gain they intend to achieve would have been defeated. For now, old and new notes remains legal tender till February 15th.

Iamgrey5:
The dispute between different branches of the executive can be taken straight to the supreme court even in developed countries like America.

The Row vs Wade repeal

The Affirmative action repeal case still going on

If the action is deemed unconstitutional by the supreme court, it's reversed immediately.

GreyLaw:


How people like throwback, Seunmsg - who actually write proper English - are supporting Tinubu is beyond reason; it beggars belief! It just shows that education doesn't touch the inner recesses of the unrenewed heart of man.

haffaze777:
Malami don win any case before?

seunmsg:
The court will hear the case on 15th February and adjourn for response of the prosecution to the submission of the respondent till February ending. Finally, judgement will be entered March ending. By then, even the CBN will no longer be interested in the Naira redesign as the political gain they intend to achieve would have been defeated. For now, old and new notes remains legal tender till February 15th.

backtovillage:
Wetin dey happen for this country I no understand. The masses are suffering from this power tussle

seunmsg:
The court will hear the case on 15th February and adjourn for response of the prosecution to the submission of the respondent till February ending. Finally, judgement will be entered March ending. By then, even the CBN will no longer be interested in the Naira redesign as the political gain they intend to achieve would have been defeated. For now, old and new notes remains legal tender till February 15th.

Penguin2:
Everything I said in my post reechoed here.

Supreme Court has no jurisdiction over this case. If the plaintiffs were serious, they know that the right place to institute the case is at the High Court.

What the lawyers of Kaduna, Kogi and Zamfara have done is abuse of court process.

Garfield1
Afamed

Amayabor1:


I don't really understand what you are saying, but these are the points;

1. Nigeria laws and US laws are not the same. Both countries don't operate the same constitution. So, stop making baseless comparisons

2. The Supreme court made a mistake like the write up said. Their order is hollow and empty as the CBN that introduced the new Naira notes wasn't a party to the suit.

davidtemi:

...and the attorney general office said it is wrong for supreme court to even have power to hear the case. So u are saying Malami does not knw wat he's saying, or what's ur point pls?

post=120746910:
Naira Swap: AGF Asks Supreme Court To Dismiss State Governments’ Suit Challenging CBN’s Policy



https://www.google.com/amp/s/www.channelstv.com/2023/02/08/naira-swap-agf-asks-supreme-court-to-dismiss-state-governments-suit-challenging-cbns-policy/amp/

Jflex07:
Let the game continue. Agbado urrchins go cry blood. Very useless things.. Let their god tinubu contest without buying votes,if he knows he is the Jagaban.

Iamgrey5:
The write up is legal opinion of the attorney general not the judgement of the supreme court.

So let the Supreme court interpret the laws and either agree or disagree with it.

vicdom:

That's my fear! Those useless SC justices might adjourn the case for another day, probably after the election.
I don't want parties throwing money up and down in the name of vote buying. I just want free and fair election.

Penguin2:
Everything I said in my post reechoed here.

Supreme Court has no jurisdiction over this case. If the plaintiffs were serious, they know that the right place to institute the case is at the High Court.

What the lawyers of Kaduna, Kogi and Zamfara have done is abuse of court process.

Garfield1
Afamed