vicdom:

Interpretation is different from making decisions for them. CBN and federal government didn't actually violate its own CBN acts and guidelines on legal tender change. They followed all the due process and timeline stated in the CBN act. I will quote you when the SC sends this case to the dustbin. The ruling of the court was an order of interim injunction, and not the main substance. The case would be heared on 15th, and I hope it's decided on that day without any form of adjournment.

@ emboldened is the disputed part

Cbn doesn't have its own guidelines, it was established by the legislative arm of governmnent.

senatordave1:


You dont need to quote me.I am not bothered about the correctness of the case but the intendment.it is intended to keep on hold the naira swap till after the polls and they will succeed

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.

Supreme Court if Nigeria is for the highest bidder

Iamgrey5:
@ emboldened is the disputed part

Cbn doesn't have its own guidelines, it was established by the legislative arm of governormnent.

Nothing is being disputed here! CBN has an act which was legislated by the legislature and co signed by the executive, which now makes it a law. What the legislature can do now is to further amend that act, otherwise, the act would still subsist. It just like saying because legislature made an electoral act, then it's no longer a law. Once a legislation is made, and signed by the executive, it has become a biding law, except it's amended by the same legislature and signed by the executive.

vicdom:

Nothing is being disputed here! CBN has an act which was legislated by the judiciary and co signed by the executive, which now makes it a law. What Judiciary can do now is to further amend that act, otherwise, the act would still subsist. It just like saying because judiciary made an electoral act, then it's no longer a law. Once a legislation is made, and signed by the executive, it has become a biding law, except it's amended by the same judiciary and signed by the executive.

Judiciary don't make laws, they only interprete it.

The legislative arm of government makes laws.

Iamgrey5:
Judiciary don't make laws, they only interprete it.

The legislative arm of government makes laws.

Sorry! I actually meant the legislative arm. CBN has its own act, just like INEC, and they followed all the guidelines.

Iamgrey5:
@ emboldened is the disputed part

Cbn doesn't have its own guidelines, it was established by the legislative arm of governormnent.

And only new guidelines issued by the legislature can change it. Definitely not the Supreme Court.

blank:


And only new guidelines issued by the legislature can change it. Definitely not the Supreme Court.

The supreme court will interprete the guildline set by the legislature, they don't change anything.

vicdom:

Sorry! I actually meant the legislative arm. CBN has its own act, just like INEC, and they followed all the guidelines.

CBN guildline can not go against the law setting it up, otherwise it will be deemed unconstitutional by the judiciary.

For example, if the law setting up CBN states that it can't reject and money it already approved as legal tender through the Executive but it then sets a guildline that is against that law, the guildline will be deemed unconstitutional by the judiciary.

That's why this case is in the court.

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

Jurisdiction is a threshold issue. The court will definitely dismiss the suit.

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.

An interim order last only for 7 days. The adjourned date of 15th February is for hearing of the motion on notice and not the substantive suit, which could either vacate the order made today or extend it. However , If we are to interpret the law strictly, Supreme court does not have the original jurisdiction to entertain a matter between AG States and CBN, that's an abuse of Court process.

Iamgrey5:
The supreme court will interprete the guildline set by the legislature, they don't change anything.

You can see that the judgement by the Supreme Court is null and void on CBN and they are still sticking with the old deadline.

It is what it is.

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.

INEC Shifts the goal post?

The authority being claimed by CBN was derived from the Constitution and can only be interpreted by a law Court. The Supreme Court being the Apex court in Country its decision is final.

Exclusive list seized the moment rights, well-being and peace of the Nigerian people is at risk or affected. The Supreme Court has a duty to prevent anarchy and unwarranted civil unrest in the country.

For the Federal Government preliminary objection and any other pleadings can only be heard by the Supreme Court only if the Federal Government obey it's earlier order.

So 10th of February deadline is no more in the picture. FINITO

The Supreme Court has original jurisdiction in any dispute between the Federation and a state or between states and also has appellate jurisdiction to hear and determine appeals from the Court of Appeal.

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.

This is the funniest comment I have read today. Thanks you made my day.

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.

We are talking about monetary policy here. The jurisdiction of the Supreme Court, as decided by several precedents, cannot interfere in the economic policy of the government.

babyfaceafrica:
Nobody is above supreme Court

They should also give judgement that will end dual foreign exchange market. The jurisdiction of the Supreme Court, as decided by several precedents, cannot interfere in the economic policy of the government.

The AGF is wasting his time. This matter don tie wrapper. Nyesom Wike is dragging Rivers state into the case by early next week with different set of prayers like arrest of the CBN Governor for contravening the CBN act, then the supreme court will have to shift the Feb 15 deadline because other states like Lagos, Jigawa, Cross River and many more will be lining up to join the suit with their own prayers. Before the Supreme court hears the substantive suit, Bola Tinubu the Jagaban would have been sworn in as the next President of Nigeria and Commander in chief of the armed forces.

The case will drag into next month before the supreme court will be able to deliver it's interpretation because the agf has not said anything to solve what is on ground.
Well on the 15th the supreme court will let us know wether it has jurisdiction or not!

SWATMan:



We are talking about monetary policy here. The jurisdiction of the Supreme Court, as decided by several precedents, cannot interfere in the economic policy of the government.

We will know wether the supreme court has jurisdiction or not by 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

Don't mind them. So many Nigerians don't understand the rule of law

supreme court order holds no water

Opintiwa:


Vote out cocaine

It's not about voting out cocaine. It's about the masses. You really sound pathetic as you are quoting seunmsg all the time like a dog harassing someone with food. Get a life!

Don't let does governors fool you,dispose your old notes to avoid regret

APC VS APC
Interestingly,the governors are alive in challenging the president but this same governors refused to take FG to court for allowing the citizens of their state get killed on a daily basis by bandits!
Same governors hands got tied when students stayed at home for more than 7 months and didn't take PMB and education minister to court!
Nigerians now know where the priorities of most of the apc governors including their paymasters lie!

Goodlady:

It's not about voting out cocaine. It's about the masses. You really sound pathetic as you are quoting seunmsg all the time like a dog harassing someone with food. Get a life!

it's not about the masses it's about bullion vans.

I just pray this naira issue don't lead to something disastrous . Right now I can still see people selling small goods like food items collecting old notes because buyers don't have access to new one and aged people don't have accounts and understanding of money transfer. If the deadline is 10th really I see serious riot across most parts of the country and I'm afraid it will be brutal

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/

@Dsalvo, a despicable, rotten cockroach, can you now go and commit suicide

If buying votes with the old currency is the only way Tiefnubu wants to win this election, then he should preferably step down or decamp.

jaxxy:


it's not about the masses it's about bullion vans.

Did they bring bullion van to your house?