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Whose Order Should Be Followed - The Supreme Court Or The CBN? - Politics - Nairaland

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Whose Order Should Be Followed - The Supreme Court Or The CBN? by iExplore(m): 9:06am On Mar 04, 2023
The recent Supreme Court's judgement on the Naira Redesign policy has caused a lot of confusion and concern among Nigerians, as the Central Bank of Nigeria (CBN) is yet to release an official statement in response. The lack of communication from the CBN has left many wondering whether the Naira Redesign policy still stands or not.


The question now arises as to whose order should be followed - the Supreme Court or the CBN? It is crucial for the CBN to provide clarity and guidance to the public on how it intends to proceed in light of the Supreme Court's ruling. Failure to do so will only lead to further confusion and frustration among the Nigeria populace.

Whose order do you think should be followed?
The Supreme Court or The CBN?

Please no guessing. Do not comment if you're unsure. Thank you

Cc:
Seun
Mynd44
OAM4J

Please move to the Front Page for wider audience.

Re: Whose Order Should Be Followed - The Supreme Court Or The CBN? by olasaad(f): 9:09am On Mar 04, 2023
Where is Emiefele, he hasn't said anything since yesterday.
Re: Whose Order Should Be Followed - The Supreme Court Or The CBN? by flokii: 9:10am On Mar 04, 2023
Supreme court is Supreme and head of the Judicial arm of government.. every citizen is bound by the judgement of the apex court including Emefiele and his oga at the top.

CBN is an Agency under the Executive arm of government..

I guess the third arm needs to take a stand to put the matter at rest once and for all.

Morally speaking, the Supreme court can intervene in cases involving State Govts. vs Federal Govt. or Citizens vs. Federal Govt.
Is Emefiele above the law? isn't it the Laws of the Federation that empowered him to function as governor of Central Bank, abi the CBN is his father's property?

5 Likes

Re: Whose Order Should Be Followed - The Supreme Court Or The CBN? by SmartPolician: 9:16am On Mar 04, 2023
Nigeria is still evolving. Events will continue to shape democracy in this part of the world.

Supreme Court's ruling is supposed to bidding on every arm of government and it is superior to every other the decision of the executive, else the legislature will impeach the person.

Unfortunately, Nigeria is not a serious. Everyone does whatever they like and get away with it.
Re: Whose Order Should Be Followed - The Supreme Court Or The CBN? by inoki247: 9:18am On Mar 04, 2023
Lol the country is still confused we no even know Wu to follow....

1 Like

Re: Whose Order Should Be Followed - The Supreme Court Or The CBN? by MarketDispatch: 9:19am On Mar 04, 2023
iExplore:
The

Whose order do you think should be followed?
The Supreme Court or The CBN?

Please no guessing. Do not comment if you're unsure. Thank you

Please move to the Front Page for wider audience.

1. Who releases money? CBN,

2. Who distributes the money? Banks,

3. Who do Banks take monetary Policy from? CBN

4. Who gives regulatory instructions to Banks? CBN

Therefore, if CBN does not say anything, I doubt the banks will comply because Supreme Court is not their regulator.
Re: Whose Order Should Be Followed - The Supreme Court Or The CBN? by christistruth01: 9:21am On Mar 04, 2023
The CBN is only a Govt Agency under the Constitution and law of Nigeria

Can you imagine the damage a Lawless or Compromised CBN can do?
Re: Whose Order Should Be Followed - The Supreme Court Or The CBN? by MEGA4BILLION(m): 9:22am On Mar 04, 2023
MarketDispatch:


1. Who releases money? CBN,

2. Who distributes the money? Banks,

3. Who do Banks take monetary Policy from? CBN

4. Who gives regulatory instructions to Banks? CBN

Therefore, if CBN does not say anything, I doubt the banks will comply because Supreme Court is not their regulator.


Succinctly put
Re: Whose Order Should Be Followed - The Supreme Court Or The CBN? by CilicMarin: 9:30am On Mar 04, 2023
MarketDispatch:


1. Who releases money? CBN,

2. Who distributes the money? Banks,

3. Who do Banks take monetary Policy from? CBN

4. Who gives regulatory instructions to Banks? CBN

Therefore, if CBN does not say anything, I doubt the banks will comply because Supreme Court is not their regulator.

Then they should wait for avalanche of suits from affected citizens... This is a very precarious moment for the banks, believe me.
Re: Whose Order Should Be Followed - The Supreme Court Or The CBN? by ronalmagic10(m): 9:46am On Mar 04, 2023
Pls let's follow cbn. Supreme court judgment was bought by APC to monetize the election

Tinubu must contest and lose. Bullion van cannot save him.

Buhari said we should vote any candidate of our choice. He's supporting us

We in sadeast have enough new notes.

Re: Whose Order Should Be Followed - The Supreme Court Or The CBN? by Thegamingorca(m): 9:47am On Mar 04, 2023
CBN

Nah supreme court order ppl go chop?
Abi, nah supreme court go make the cash available?

Meanwhile ppl of Lagos, we have tasted what it means for our votes to count.

For once it seems we can succeed in uprooting Tinubu and sanwo olu mafia and vote in a government that will work for us.

Let us again, come out next Saturday and exercise our franchise. On that day, we will paint the sky with eeeeeeeeLuuuuuP. I urge us to come out en masse once again and destroy this evil APC has bestowed upon Nigerians. Remove any ounce of religious and ethnic bias and vote for someone who will deliver Lagos from darkness. Please my ppl, come out and vote as your votes will count even better this time.

Vote Gbadebo Rhodes Vivour Top to Bottom!!!!! Vote for a leader to rule Lagos for the ppl, by the ppl and held accountable by the ppl. Not one houseboy that will be delivering our IGR to Tinubu in Abuja.

Let's Spare no freaking quarter this time around. Squeeze the life out of their votes to the point dey start begging like Charles Soludo. cheesy cheesy

Shebi dey want to steal mandate. Sanwoolu will go and become tinubu's aid grin

Gbadebo Rhodes Vivour top to bottom


grin grin grin grin
Re: Whose Order Should Be Followed - The Supreme Court Or The CBN? by AfricanColumbus: 9:51am On Mar 04, 2023
It's not even a debate. The old notes are gone.

The judgment was always going to be an exercise in futility as predicted since 19th February.


https://www.youtube.com/watch?v=c9U2LaJUbIs
Re: Whose Order Should Be Followed - The Supreme Court Or The CBN? by ScamHunter: 10:36am On Mar 04, 2023
Supreme Court of Nigeria is a toothless bulldog. It reduced itself to an institution to be mocked due to corruption. Just like all Nigerian judiciary, their justice is for the highest bidder. If they mess with Peter Obi's mandate judgement, it'll be the last and final nail in their coffin.
Re: Whose Order Should Be Followed - The Supreme Court Or The CBN? by iExplore(m): 10:38am On Mar 04, 2023
MarketDispatch:


1. Who releases money? CBN,

2. Who distributes the money? Banks,

3. Who do Banks take monetary Policy from? CBN

4. Who gives regulatory instructions to Banks? CBN

Therefore, if CBN does not say anything, I doubt the banks will comply because Supreme Court is not their regulator.

Makes sense
Re: Whose Order Should Be Followed - The Supreme Court Or The CBN? by 0m0luabi: 10:40am On Mar 04, 2023
If you follow supreme Court order you be ready to take your money to supreme court bank because people on the street will never listen to supreme court order
Re: Whose Order Should Be Followed - The Supreme Court Or The CBN? by iExplore(m): 11:22am On Mar 04, 2023
0m0luabi:
If you follow supreme Court order you be ready to take your money to supreme court bank because[b] people on the street will never listen to supreme court order [/b]

True.
Although some are now accepting it. Some POS agents are now issuing the old notes, too, after the Supreme Court Ruling

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