₦airaland Forum

champredd:
These Kenyans na mumu o.
Me I go just trap them and let them suffer hunger for some days before calling the wildlife guys.

19. Denomination and form of currency notes and coins.

(1) Currency notes and coins issued by the Bank shall be -

(a) is such denominations of the naira or fractions thereof as shall be approved
by the President on the recommendation of the Board.

(b) of such[b] forms and designs[/b] and bear such devices as shall be approved by the
Presiden[/b]t on the recommendation of the Board.

(2) The standard[b] weights and composition of coins issued by the Bank and the
amount of remedy and variation shall be determined by the President on the
recommendation of the Board.

meanwhile <sex> is just like eating food.

Since Soludo contravened Section 19 (1), sub-section 1 and 2 of the CBN Act, which requires that any matter dealing with issuing new currency and coins must be with the approval of the president, he said, the policy had to be suspended forthwith.

“I drew the attention of Mr. President to the provisions of the CBN Act of 2007 as to whether an approval was sought in accordance with the CBN Act before he (Soludo) commenced the process of re-denomination. The president, in the presence of myself and the State House counsel denied that such an approval was sought for, and neither did he grant any.

“I, as the chief law officer of the federation, hereby stop all actions on the re-denomination of the naira. This is because the action of the CBN Governor violated Section 19, sub-section 1 and 2 of the CBN Act. Therefore, the actions must abate. All actions of the CBN in the re-denomination must be in accordance with the CBN Act. So, until an approval is sought for and obtained in writing from the president, all actions on the re-denomination must stop”, he stated.

Since Soludo contravened Section 19 (1), sub-section 1 and 2 of the CBN Act, which requires that any matter dealing with issuing new currency and coins must be with the approval of the president, he said, the policy had to be suspended forthwith.

“I drew the attention of Mr. President to the provisions of the CBN Act of 2007 as to whether an approval was sought in accordance with the CBN Act before he (Soludo) commenced the process of re-denomination. The president, in the presence of myself and the State House counsel denied that such an approval was sought for, and neither did he grant any.

“I, as the chief law officer of the federation, hereby stop all actions on the re-denomination of the naira. This is because the action of the CBN Governor violated Section 19, sub-section 1 and 2 of the CBN Act. Therefore, the actions must abate. All actions of the CBN in the re-denomination must be in accordance with the CBN Act. So, until an approval is sought for and obtained in writing from the president, all actions on the re-denomination must stop”, he stated.