LordAdam16:


How it ends is immaterial to the obvious fact that Buhari has ignored court orders and can ignore this court order.

Buhari is a complete failure, so I have no faith in his abilities on ANYTHING.

-Lord

baralatie:

Chill and let us see how it ends
Then we can now say if it is immaterial or not

Kiddogarcia:



Not feasible,I agree.
[b]But in real sense what's the feasibility after spending huge money to bring in this new note.
Are we to abandon the real motive behind this cash policy all of a sudden.
We are in it already,let's just move with it to the very end,[/b]I thought we all agreed this will help in making the elections more fairer,why are we backing out.
Na we be your best plug for everything Sexual enhancement

Clevite:

The court, and in this case the Supreme Court, has power and jurisdiction to adjudicate on any matter, whether monetary policy of the CBN or any policy of the Government, so far the policy or the action of Government touches on any person or Authority who reasonably believe their right or interest is affected.

There is no institution or agency of government that is so independent to the extent that its functions or activities are not subject to judicial review.

The CBN is a creation of the law, so it is subject to the jurisdiction of the court of law. Because the CBN is "answerable" to the President is the reason why the President/Federal Government was sued through the Office of the Attorney General of the Federation in this suit.

And because it was some State Governments that sued, that is why the Supreme Court is the right place to go straight. It is the law that disputes between the State Government and the Federal Government can only be entertained by the Supreme Court. No lower court has jurisdiction over such suit.

Going to the Supreme Court straight is not an exercise in futility. May I even ask you, which court has the temerity to declare the proceedings or order of the Supreme Court an exercise in futility?

SecretSpy666:
The problem now is will CBN direct commercial Banks to reload ATMs with old naira? Will Buhari comply with the directives or they will apply for stay of execution pending the hearing and determination of the suit?

ufotunang:
I am surprised how a case can be moved to the supreme Court without first going to the federal high court and appeal court

MyVILLAGEpeople:


This won't stop vote buying on elections day bro. The politicians have unhindered access to these new notes. What is causing all these problems is the rush and it's the CBN fault.

At bolded, the CBN didn't consult with Nigerians before embarking on such Draconian policy. The masses are suffering. We all know what they are doing is just some power play.

NEIGHBOUR:


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

Advocate500:
nobody will take supreme Court serious,the order of federal high court have not been vacated by any court, supreme Court are making caricature of our justice system.

baralatie:

The supreme court judgement was not even referring to the office of the president.The judgement was directed to the office of the CBN and the hat is emefiele.
Emefiele cannot even use the president to cover in this case.
Emefiele has no choice but to answer to the supreme court with powers to ask for his arrest for disobeying the highest court of jurisprudence backed by the constitution
The best is for him to head to the same court but obey first


Remember [b] DSS is praying he disobeys [/b]

Advocate500:
oga don't 4get these are arms of government,the judiciary have their limitations.all the same I am waiting for the presidency to respond to such judgement.

biina:
Paper tiger ruling

Supreme Court will have to open its own bank for this one

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

baralatie:


Unfortunately it is the CBN that will issue directive on wether to obey the supreme court or disobey the supreme court .This judgement has nothing to do with Mr President


Now if a bank follows the earlier directive from the cbn(S it is now that directive has been halted).Do you know the magnitude of 'wahala ' the cbn will be involved when it is brought to the knowledge of the supreme court.
Now imagine if the supreme court now ask for emefieles arrest.do you think DSS will turn a blind eye?

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

Advocate500:
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.

omonnakoda:
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

Mcval:
You have misfired! The Supreme Court has no Jurisdiction in this matter and it will be set aside in the next few days. Stop misleading people.

biina:

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

Patosky4U:



waiting bring this mad man to my mention? Take out your frustrations to the clueless people you mortgage your generation life only for 5k.... The political class are still the ones holding the new note to force the govt into their submission. Instead of you to stand up against ur oppressors you will instead kill your fellow common man to defend the oppressors. I pray your generation unborn forgive you all

Joevics:

The national assembly recently gave the CBN the independence to regulate the fiscal space via the CBN act. This is like going to the supreme court to stop the actions of the Efcc chairman, even though he's not independent.
If you want to challenge the CBN policy, you go to the federal high court. Stop quoting rubbish.

Joevics:

The national assembly recently gave the CBN the independence to regulate the fiscal space via the CBN act. This is like going to the supreme court to stop the actions of the Efcc chairman, even though he's not independent.
If you want to challenge the CBN policy, you go to the federal high court. Stop quoting rubbish.

Jessewizy:

This fool. My Posts are not for worthless animals like you.

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.

Clevite:


Source https://www.thisdaylive.com/index.php/2023/02/08/supreme-court-temporarily-halts-banning-of-old-naira-notes/

Bonnyfaith4real:
Supreme court judgement... Big disappointment to the Masses.

I beg the apex court to strive and dispense judgement for the interest of our nation's economic and political revival.
Even an elementary economist knows that too much money in circulation causes inflation, I'm sure the policy was brought up to revive our nation's economic future but our greedy politicians and looters are seems to be prevailing via supreme court judgement.

Together we shall succeed @PVC
I stand with the CBN policy.

HeroicMeastro:

You don't make any little sense.
How did APC injected billions?
Is APC now a central bank?