Mixed reactions trail Supreme Court ruling on Naria swap in Kaduna 2023: RENMISS endorses Adamawa SDP guber candidate

The three states had specifically applied for an order of Interim Injunction restraining “the federal government through the Central Bank of Nigeria (CBN) or the commercial banks from suspending or determining or ending on Feb. 10, the time frame with which the now older version of the 200, 500 and 1,000 denomination of the naira may no longer be legal tender pending the hearing and determination of their motion on notice for interlocutory injunction”. Delivering ruling in the motion, Okoro, held that after a careful consideration of the motion exparte this application is granted as prayed.

“An order of Interim Injunction restraining the federal government through the Central Bank of Nigeria (CBN) or the commercial banks from suspending or determining or ending on Feb. 10,, the time frame with which the now older version of the 200, 500 and 1,000 denomination of the naira may no longer be legal tender pending the hearing and determination of their motion on notice for interlocutory injunction”.

He accordingly adjourned until Feb. 15, for hearing of the main suit.

MURIC cautions Nigerians against all kinds of protests

The Muslim Rights Concern (MURIC) has tasked Nigerians to shun all kinds of protests ahead of the 2023 general election.

The Executive Director of MURIC, Prof. Ishaq Akintola said this in a statement on Thursday in Abuja.

“The Central Bank of Nigeria recently announced plans to redesign the country’s currency. The citizens were asked to surrender all old notes in their possession particularly the higher N1,000, N500 and N200 denominations.

“Unfortunately the ongoing naira swap became a booby trap particularly as it has been accompanied by a protracted fuel scarcity.

‘’The timing of the exercise has led us to suspect a grand provocation ploy as Nigerians who surrendered their old naira notes were later denied access to both the old and the new. This ugly development led to widespread hunger and general suffering.

“The tendency is for the atmosphere to become explosive and already there have been pockets of demonstrations in one or two places particularly in the South West,’’ Akintola said.

He added: ‘’However, there is a strong suspicion that naira swap and the attendant artificial scarcity are booby traps aimed at goading Nigerians to anger. They expect the youth to troop to the streets.

“We must not fall for it. This is the grand plan of some selfish political shenanigans and capitalist comprador bourgeoisie whose ambition is to hold the masses in their vice grip till kingdom come. Greedy bank officials have leveraged on the situation by hoarding the new naira notes and turning it into an opportunity for self-aggrandisement. It is the height of sadism.

“The aim of these wicked political charlatans is to manipulate the crisis once demonstrations begin. They plan to hijack the demonstrations, turn it into a viciously violent exercise and attack certain public figures as well as public properties.

“It is at this point that they plan to announce an indefinite postponement of the general elections and introduce an interim government. A military coup may also be on the table if the plan for an interim government fails to work.

“We therefore appeal to Nigerians to eschew public protest in all its ramifications. Election is just sixteen days away. If we are patient, we will be able to peacefully elect leaders of our choice.

‘’On the other hand, we may play into the hands of agents provocateur and end up with an interim government or a military coup d’etat. But election is just a stone’s throw away. Therefore, let us be peaceful and endure until Feb. 25.

“On a last note, we advise the army to keep off. Involvement in politics is antithetical to professionalism in the military.

NAN