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Supreme Court Temporarily Halts Banning Of Old Naira Notes - Business (7) - Nairaland

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Banks Begin Collection Of Old Naira Notes Despite CBN’s Denial Of Directive / FG Bows To Will Of The Supreme Court: Old Naira Notes Remain Legal Tender - FFK / Banks Will Accept Old Naira Notes After Deadline - Emefiele (2) (3) (4)

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Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by lexy2014: 11:41am On Feb 08, 2023
donphilopus:
El Rufai organized a meeting in Kaduna yesterday and urged the people to continue using the old naira notes. He told them Tinubu would review the policy when he wins but people thought he was kidding. Now I see.

Kogi, Zamfara and Kaduna which made this move are all states governed by APC. We now know the party that has the interest of the common man at heart. This thing would pain those who thought they could win elections by inflicting pains on the masses.

God bless incoming President Asiwaju Bola Ahmed Tinubu.

Which party has the interest of the common man? Is it the same party that brought in the disaster buhari and who Tinubu supported and turned a blind eye to his atrocities just because of his selfish ambition?

1 Like

Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by biina: 11:42am On Feb 08, 2023
omonnakoda:
The deadline is on The 10th in 2 days
The matter is extremely important and urgent
The Supreme court is right to hear the matter

Note
I didn't talk about the decision

But there is no time to be going to appeal and counter appeal
No time


The Supreme Court has both Original Jurisdiction and Appellate Jurisdiction. It has exclusive original Jurisdiction in matters between the Federal Government and State(s) Government as well as on matters between States of the federation in so far as the dispute involves questions of law or fact
.
But this is not a question of law nor fact, and thus the supreme court order is not worth the paper it is written on.

The Supreme court simply does not have the power to extend the deadline unless the validity of said deadline is being questioned as a mater of law or fact. The FG has acted well within their constitutional right.

Three state governors are trying to tell the FG how to rule the country, but they dont, ipso facto and ispo jure, have a locus standi in the matter. Entertaining the suit in of itself is a failure by the Supreme Court

1 Like

Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by byteem: 11:42am On Feb 08, 2023
TINUBU VS BUHARI, . GAME OF CHESS ,, GET YOUR POPCORN
Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by MyMouth(m): 11:42am On Feb 08, 2023
Indispensable85:


They're waiting for him to fall into the trap. Normally Buhari no dey send anybody.
Omoh, na supreme court ooo! And this is not KANU matter. Even buhari won't want to disregard the supreme court on this.

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Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by Advocate500: 11:43am On Feb 08, 2023
Clevite:

The order of Supreme Court takes precedence over that of any lower court in respect of the same subject matter.It is just elementary knowledge in law.

That lower Court's order has become a mere academic exercise by this order of the Supreme Court.
to start with, when it comes to monetary policy,the CBN are independent,they are only answerable to the executive which is Mr President.


How can a case jump to supreme Court without going through the lower court? This are excise in futility.
Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by Jogs1900: 11:43am On Feb 08, 2023
Moh247:
Will Buhari, Malami, and Emefiele enforce the Court order
Bro, you are more than this now...It's a supreme court injunction and it's final..They can't appeal this..The three state governors are smart by taking the matter straight to the supreme court for adjudication.The governors have clearly won this battle.Mercci

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Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by Indispensable85(m): 11:44am On Feb 08, 2023
EngrKemp:
That's their business.
Government and CBN will continue with their decision.

What concerns supreme court with financial matters ..

Rubbish


You didn't say this when federal high court Abuja gave an order in the opposite direction. MUMU......

1 Like

Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by Moh247: 11:44am On Feb 08, 2023
Jogs1900:

Bro, you are more than this now...It's a supreme court injunction and it's final..They can't appeal this..The three state governors are smart by taking the matter straight to the supreme court for adjudication.The governors have clearly won this battle.Mercci

You are very right, the Apex court is final

3 Likes

Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by Indispensable85(m): 11:46am On Feb 08, 2023
Jessewizy:

Exactly what I’m telling someone here. The policy will remain. Only the CBN Governor and Mr. President can suspend the policy.


You can't even hide your tears. They're bound to obey the order or land in prison especially Emiefele. Bloody bigot
Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by Rajiolaade: 11:48am On Feb 08, 2023
drlateef:





IPOB and Atikulooters will not plunge Nigeria into a state of anarchy. The whole world has now seen the evil design of Peter Obi, Atiku Abubakar and their supporters. They are the greatest hypocrites in Nigeria. They want Nigeria to go into a state of anarchy for their selfish reasons of gaining political advantage of Tinubu. They don’t care if people die, they don’t care if war breaks out, they don’t care if democracy is truncated again Nigeria through military coup. They are the most wicked, devilish and callous human beings. Nigerians should avoid voting Obi and Atiku, they are hypocrites and devils. They want to feed on your blood to gain victory.
Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by omonnakoda: 11:48am On Feb 08, 2023
biina:
But this is not a question of law nor fact, and thus the supreme court order is not worth the paper it is written on.

The Supreme court simply does not have the power to extend the deadline unless the validity of said deadline is being questioned as a mater of law or fact. The FG has acted well within their constitutional right.

Three state governors are trying to tell the FG how to rule the country, but they dont, ipso facto and ispo jure, have a locus standi in the matter. Entertaining the suit in of itself is a failure by the Supreme Court

The Supreme court has spoken and in our system that is the end of the matter.
The Supreme Court decides which matter if will hear or not
This order is an interim one because of urgency.
interlocutory injunction Go and read what that means
If you had bothered to read you would have seen that there is a substantive case to be heard still,which cannot be concluded in 2 days
You are now constituting yourself into a nuisance
Your online opinion is honestly like the noise of a generator that does not generate electricity

3 Likes

Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by Solababa91(m): 11:48am On Feb 08, 2023
In matters of national security, the President can chose to ignore courts order, just like Buhari has done in the case of Nnamdi Kanu, Dasuki. Let's see if the FG would obey this.
Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by Indispensable85(m): 11:48am On Feb 08, 2023
Barywhyte:
Abeg, guys no vex for my ignorance o. How can a case go directly to the supreme court without first being heard by lower courts? Not a law person, hence this ignorant question

In issues between state and federal government it's directly to the supreme court. Also with interpretation of laws made by national assembly. Also in cases of institution vs institution., State vs state

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Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by gotnel: 11:48am On Feb 08, 2023
edlion57:
These governors are our problem,they are fighting us in the name of working for us

In this case, supreme Court is the first step and last step
Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by kcnwaigbo: 11:49am On Feb 08, 2023
Indispensable85:


They're waiting for him to fall into the trap. Normally Buhari no dey send anybody.
Is Buhari not the one pushing Emefiele?
Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by mycar: 11:50am On Feb 08, 2023
they will review the date upwards.
Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by Indispensable85(m): 11:51am On Feb 08, 2023
kcnwaigbo:

Is Buhari not the one pushing Emefiele?



The implementation is the problem here and that's obviously the handiwork of Emiefele and probably some unseen hands from behind.
Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by MyMouth(m): 11:51am On Feb 08, 2023
biina:
But this is not a question of law nor fact, and thus the supreme court order is not worth the paper it is written on.

The Supreme court simply does not have the power to extend the deadline unless the validity of said deadline is being questioned as a mater of law or fact. The FG has acted well within their constitutional right.

Three state governors are trying to tell the FG how to rule the country, but they dont, ipso facto and ispo jure, have a locus standi in the matter. Entertaining the suit in of itself is a failure by the Supreme Court

You are talking trash! The supreme court has ruled. The FG and CBN must obey first.
And by the way, the governors are right to go to the supreme court, jus look at how people are suffering. I withdrew 5k from pos yesterday, they gave me old notes and charged me 500 naira. The pos girl said they have not had the new currency in a long while.
That same yesterday I was at the Shandam yam market to buy yams, you won't believe that almost all the yam sellers do not have account and deal on raw cash and since there was no cash in circulation, the market was looking dull with sellers causing this government. All the pos at the market had no cash. This is a very useless policy and the supreme court did well on this.

2 Likes

Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by tishbite42: 11:51am On Feb 08, 2023
The rabid Igbo haters have glossed over the fact that a John Okoro made the ruling
Forza Biafra

1 Like

Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by omonnakoda: 11:52am On Feb 08, 2023
Solababa91:
In matters of national security, the President can chose to ignore courts order, just like Buhari has done in the case of Nnamdi Kanu, Dasuki. Let's see if the FG would obey this.
When he leaves office we will revisit those instances and hold him to account
Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by Akaujaa(m): 11:52am On Feb 08, 2023
Politicians using Nigerians as an excuse to achieve their achieve their selfish desires. We have a long way to go. No hope for ordinary Nigerians. Corrupt politicians have caged this country.
Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by Pascal9: 11:53am On Feb 08, 2023
Tareq1105:


You don't talk like that. Emefiele is very stupid and God will punish him for this.

In my local government, there's no single commercial bank, people don't have bank account. So what happened to the people there? They travel like 80 kilometers to get to the nearest bank with their thousands of naira. On getting there you're given a tally number 581. From morning till 4pm only 110 people were attended to. They have to travel back and come again. Emefiele will regret this bcoz his motive has failed.
you people are still in stone age, yet you will come to nairaland to drag with homosapiens sapiens.what a shame
Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by DonroxyII: 11:54am On Feb 08, 2023
Patosky4U:
What politicians cannot do in Nigeria does not exist grin grin grin abeg Japa nation fully activated... I give up because the judiciary that is the last hope of the common man has become the den for politicians to play green/red light game undecided undecided
Sharrap, are you happy to seeing people dieing, Going Naked or Bankers Scaling Fences due to fear of being lynched ....

Japa if you wan japa ... Nigerian problem will still follow you go Abroad except No be Nigerian Blood dey flow in your veins tongue

4 Likes 1 Share

Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by Ijaya123: 11:56am On Feb 08, 2023
SpecialAdviser:
Criminal collaborators. Corruption will fight back but we will come out victorious surely.

Where was supreme court when APC injected billions of naira into currency change? Is the money a waste now? Why being reactive rather than being proactive?

APC, Party of forward and backward. To think this is a party where more than hundred people easily purchased presidential form for 100million will leave you speechless.

Supreme Court does not interfere or rule on matter not brought before it.

Quit reacting based on sentiments and emotions.

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Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by NEIGHBOUR(m): 11:57am On Feb 08, 2023
Clevite:
This injunction effectively overrules the order of the High Court of FCT that earlier restrained the CBN from extending the date beyond February 10. The jurisdiction of the FCT Court to make the order is questionable in the first place.

Children of hate will tell you that the judgement of the high court is superior to that of Supreme Court.
Crazy people.

3 Likes 1 Share

Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by UncommonLogic: 11:58am On Feb 08, 2023
edlion57:
These governors are our problem,they are fighting us in the name of working for us
The Governors are your problem is this situation?
It's now plain even to thr blind that most of you noise makers about bad govt don't really care, all you care about is who is making policy and who do you think the policy favors.
Who in their right mind will even blames these Governors when the whole country is about to explode simply because of a moronic policy. But because in your own shallow zero iq empty skull you think this favours Tinubu hence it must be bad regardless of what the people are facing on the streets of Nigeria.
May God punish you and your fellow cretins for eternity.

4 Likes 1 Share

Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by biina: 11:59am On Feb 08, 2023
baralatie:
Ok
It means the judgement will be copied to the CBN,office of the president,minister of finance and the bankers union .
So it also means that the CBN governor will needd to issue a fr ah directive to all the banks
Then the CBN will need to assembly it's legal team to go to the supreme court on this issue first before another directive can be given

Now if the Emefiele disregards the supreme court ...........the supreme court can automatically ask for his arrest


I dey look DSS and NASS with very sharp crocodile mouth and shark teeth
The supreme court can ask but cannot enforce anyone's arrest. All federal law enforcement, security agencies, and armed forces are under the executive branch. Anyone that goes rogue is simply risking their career for nothing, cos many seem to have forgotten that PMB na retired General

The CBN will likely just ignore the Supreme court order and there is nothing they can do about it. The banks can also simply refuse to accept all cash deposits till further notice.

Anyone still accepting old notes after the deadline does so at their own peril
Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by Atlantis585: 11:59am On Feb 08, 2023
This una Supreme Court just dey create more troubles for themselves everyday.

Make Nigerians no remember their matter ooo.

Always on the wrong side of issues lately.

E don dey too much ooo!

Operation Occupy Supreme Court Loading…
Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by Parrot69: 12:00pm On Feb 08, 2023
Joevics:
This current crop of justices needs to be investigated and removed. How can a case be move to the supreme court directly?

What do you mean by that?
This is an issue affecting National stability to the point of Anarchy, you're here capping nonsense, or do you think its a civil case were they have to move from one court chamber to another??

1 Like 1 Share

Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by Indispensable85(m): 12:00pm On Feb 08, 2023
MyMouth:

Omoh, na supreme court ooo! And this is not KANU matter. Even buhari won't want to disregard the supreme court on this.


He won't dare it. Buhari is a very dangerous person. I remember how he presided over the meeting that sacked oshiomhole as national chairman. He was the person that single handedly picked him for the job and he was his strongest supporter. But immediately the other faction got a court order against him, it was baba that sat on the nec meeting that fired him.

Alot of people are just praying for Emiefele to disobey. I can bet you they already planned everything ahead of him. They'll quietly file for contempt at the supreme court. They won't even wait for the justices to complete the pronouncement before they whisk him out of public view. Lol...🤣🤣 Before he come out another person don take over.

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Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by JuanDeDios: 12:00pm On Feb 08, 2023
[quote author=lexy2014 post=120731087]

1. Is it the job of CBN to stop vote buyers? No. It's the job of DSS, Police, EFCC, NSCDC, etc.

2. How has the cashless policy been advanced so far? Poorly - due to (1) inadequate infrastructure and manpower, (2) low literacy rate, (3) low level of awareness and cultural factors

1 Like

Re: Supreme Court Temporarily Halts Banning Of Old Naira Notes by Ikea81: 12:00pm On Feb 08, 2023
APC have shown in recent times that the supreme court is an arm of their party. I want to advice those dirty judges not to be used to burn Nigeria after Feb 25th.

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