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Just In: CBN orders banks to pay new notes over the counter

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The Central Bank of Nigeria (CBN) has reversed itself and directed banks to commence paying customers new Naira notes Over The Counter (OTC).

The apex bank said the order was to reduce queues around Automated Teller Machines (ATMs) across the country.

CBN Governor Godwin Emefiele gave the directive in Abuja on Thursday.

A statement from CBN’s Director Corporate Communication Osita Nwanisobi, explained banks can only pay N20,000 of the new notes over the counter per day to individuals.

The statement reads: “The Governor, Mr. Godwin Emefiele, has directed Deposit Money Banks (DMBs) to commence the payment of the redesigned Naira notes over the counter, subject to a maximum daily payout limit of N20,000”.

To ensure the effective distribution of the newly introduced naira banknotes, the CBN urged Nigerians “to exercise patience as the CBN is working assiduously to address the challenge of queues at ATMs”.

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Speaking to the long queues at ATM points, Nwanisiobi lamented the queues at ATMs across the country “and an upward trend in the cases of people stocking and aggregating the newly introduced banknotes”.

He said these people “serially obtain cash from ATMs for reasons best known to them. Also worrisome are the reported cases of unregistered persons and non-bank officials swapping banknotes for members of the public, purportedly on behalf of the CBN”.

The CBN spokesman appealed to Nigerians “to embrace and adopt other payment channels for their transactions.

“There are moves now by the CBN and security agencies to go after party goers who abuse the Naira. In the same statement, Nwanisiobi said “it is unlawful to sell the Naira, hurl (spray), or stamp on the currency under any circumstance whatsoever” describing those engaging in these practices as “unpatriotic persons”.

The CBN particularly frowned at those “who sell the newly redesigned banknotes and those who flagrantly abuse the legal tender by hurling wads of Naira notes in the air and stamping on the currency at social functions”.

To stop this practice, Nwanisiobi said “the CBN is collaborating with the Nigeria Police, Federal Inland Revenue Service (FIRS), the Economic and Financial Crimes Commission (EFCC) and the Nigerian Financial Intelligence Unit (NFIU) to address the unpatriotic practice”.

He warned Nigerians, “particularly those at social functions such as birthdays, weddings and funerals, to desist from disrespecting the Naira or risk being arrested by law enforcement agencies”.

According to him, “the Naira is our legal tender and symbol of national pride. Therefore, let us respect it and handle it with care”.

For emphasis, Nwanisiobi drew party goers’ attention to “section 21(3) of the Central Bank of Nigeria Act 2007 (As amended) which stipulates that “spraying of, dancing or matching on the Naira or any note issued by the Bank during social occasions or otherwise howsoever shall constitute an abuse and defacing of the Naira or such note and shall be punishable under the law by fines or imprisonment or both.”

Also, Section 21(4) states that “It shall also be an offence punishable under Sub-section (1) of this section for any person to hawk, sell or otherwise trade in the Naira notes, coins or any other note issued by the Bank.”

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BREAKING: Court nullifies NDC’s registration, overturns earlier ruling that directed INEC to register party

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The Federal High Court sitting in Lokoja, Kogi State, has set aside its earlier judgment that compelled the Independent National Electoral Commission (INEC) to register the Nigeria Democratic Congress (NDC) as a political party.

The latest ruling effectively reverses the legal basis upon which the NDC had been listed by INEC, throwing the party’s status into uncertainty and preventing it from operating as a recognised political party for now.

Earlier this year, the NDC secured a Federal High Court judgement in Lokoja, Kogi State in Suit No. FHC/LKJ/CS/49/2025 directing INEC to register it, a development that sparked controversy among other political associations. The party’s inclusion on the electoral commission’s list was based solely on that court order.

However, the registration was challenged by rival political groups, particularly the All Democratic Alliance (ADA), which argued that the NDC failed to comply with statutory requirements for political party registration.

The challengers alleged that the party did not properly complete the application process through INEC’s designated portal and failed to submit essential documents, including its manifesto and other required materials.

Following the fresh legal challenge, the Federal High Court in Lokoja revisited the matter and vacated its previous judgment, agreeing that the earlier order compelling INEC to register the NDC should no longer stand.

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The court’s decision means that the NDC is currently not an officially registered political party. As a result, the party cannot sponsor or field candidates in any election until it obtains formal recognition from INEC.

The judgment also effectively returns the party to the starting point of the registration process. To regain recognition, the NDC will either have to meet all of INEC’s registration requirements and apply afresh or challenge the latest judgment at the Court of Appeal.

For INEC, the ruling means the electoral commission is no longer under any legal obligation to register the NDC.

The court agreed with the commission’s position that there were legal issues surrounding the earlier order that compelled the registration, which may have involved procedural errors, timing, or failure to satisfy statutory conditions.

In practical terms, the court’s decision keeps the NDC off the list of officially recognised political parties unless it successfully overturns the ruling on appeal or completes the registration process in accordance with INEC’s guidelines.

The latest judgment marks a significant twist in the legal battle over the party’s registration and could have implications for its political ambitions ahead of future elections.

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BREAKING: FG completes handover of Enugu Airport to Concessionaires, extols Mbah’s role

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..Says Enugu-Guangzhou cargo flights to commence in a few months

…Mbah: Concession Opens New Economic Opportunities to S’East

…Aero Alliance: We’ll transform AIIA into Africa’s leading aviation hub

The Federal Government has officially handed over the Akanu Ibiam International Airport (AIIA), Enugu, to the concessionaires, Aero Alliance Limited, under a public-private partnership arrangement.

Following the execution of the handover certificates, assets register, and other relevant documentation, Aero Alliance will now undertake the financing, rehabilitation, expansion, operation, and management of the airport, ensuring that it meets and sustains internationally recognised standards of safety, efficiency, and passenger experience.

This was even as Governor Peter Mbah of Enugu State described the successful concession of the airport as a major breakthrough and opener of new economic opportunities for the South East, while Aero Alliance vowed to transform AIIA into one of Africa’s leading regional aviation, logistics, and commercial hubs.

Speaking during the handover ceremony at the international terminal of AIIA, Enugu, on Thursday, Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, extolled President Bola Tinubu’s and Mbah’s roles in the realisation of the long-stalled concession plan.

“For 20 years, various governments have tried to concession some of our airports because of the belief that the private sector would run them more professionally and in a more commercially driven way.

“During the time of the previous administration when almost all the airports were advertised for concession, all the bidders avoided Enugu and Port Harcourt airports. There was not one bidder for Enugu and Port Harcourt. Everybody was rushing Lagos, Kano, and Abuja because many people want food that is ready.

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“However, under the able leadership of President Bola Ahmed Tinubu and under the visionary leadership of people like Dr. Peter Mbah, the reverse is the case.

“Guess what? We have no bidder presently for Lagos, Abuja, and Kano. But Enugu and Port Harcourt are gone.

“Dr. Mbah went straight to Mr. President a few weeks after his inauguration and said, ‘This is my plan for the airport.’ The President minuted and said that we should give him all the assistance he needs to turn Enugu into an aviation and investment hub.

“Mbah started with Enugu Air, and now he has brought in capital, brought in investors for the airport.

“So, I just want to say that Dr. Peter Mbah came with a plan for Enugu. He did not come and begin to assess the situation. He is a governor who came into office with a plan. And today, we are glad that we have found in him the perfect partnership we need between the federal and the state governments,” Keyamo said.

On what is expected of Aero Alliance, he said, “We expect Aero Alliance Limited to discharge its responsibilities with the highest standards of professionalism, transparency, operational excellence, and commitment to safety.”

He also allayed fears over job losses, noting that the terms of agreement reached by Aero Alliance were such that they would create new jobs rather than trigger job losses.

In his remark, the Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Dr. Jobson Ewalefor, thanked President Tinubu for making the concession happen, describing it as historic and special for Nigeria.

He commended Mbah’s commitment to building infrastructure, extolling his international credibility and tenacity.

“That we are here today is because of the reputation of the governor. His reputation attracted the capital. Governor Peter Mbah is a miraculous governor. He has been coming to Abuja all the time for this. You can see when someone is prepared. You can see that he is very strategic and methodical in what he is doing.

“The Enugu Air and an agreement being signed from Guangzhou to Enugu are enough traffic to create viability,” Ewelefoh noted.

Meanwhile, Governor Mbah lauded the Tinubu Administration for the successful concession, saying that it marked the beginning of a new chapter in the journey to unlock the immense economic potential of the South East region.

“It opens a new chapter of economic possibilities because businesses across our region have for long grappled with logistics constraints that increased costs, lengthened delivery timelines, and limited competitiveness.

“We hope that future generations will look back to this day as the moment when Akanu Ibiam International Airport began its transformation into a truly world-class gateway serving the South East, connecting Nigeria to the world and opening new pathways to prosperity for millions of our people.

“So, today is a dream come true as we herald the promise of a South East that will be more connected, more competitive, more prosperous, and more visible on the global stage,” he emphasised.

While appreciating the Aero Alliance consortium for believing in the promise and potential of the Enugu airport, he urged undecided investors to come and invest in Enugu State.

The Managing Director of Aero Alliance, Saleem Hussain, assured that the consortium would put its over three decades’ experience in the aviation sector to work, focusing on connectivity, cargo and logistics, passenger experience, commercial development, and technology and operational excellence to transform AIIA into one of Africa’s leading aviation hubs.

The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mrs. Olubunmi Kuku, represented by the Director of Public Affairs and Consumer Protection, Mr. Henry Agbebire; Commissioner for Transport, Enugu State, Dr. Obi Ozor; and the Regional General Manager, FAAN, Hillary Umunna, all committed to making the concession work for the socioeconomic benefits of the region and the nation as a whole.

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LPPC suspends Mike Ozekhome’s SAN rank

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Professor Mike Ozekhome, SAN
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Foremost constitutional lawyer and human rights crusader, Professor Mike Ozekhome, has been relieved of the prestigious rank of Senior Advocate of Nigeria, SAN.

Ozekhome, a professor of law, was suspended from the SAN rank by the Legal Practitioners’ Privileges Committee (LPPC) at its 173rd General Meeting.

A statement by the LPPC, signed by its Secretary, Mr. Kabiru Eniola Akanbi, explained that the action was taken against Ozekhome pursuant to Paragraph 26(6) of the Guidelines for the Conferment of the SAN Rank and matters pertaining to the rank.

Akanbi, who also doubles as the Chief Registrar of the Supreme Court of Nigeria, further stated that the action is pending the final determination of the disciplinary proceedings presently before the Disciplinary and Ethics Sub-Committee of the LPPC.

According to the statement, the suspension of Ozekhome is intended to safeguard the integrity, dignity and prestige of the SAN rank.

The LPPC has therefore barred Ozekhome from parading himself as, or otherwise holding himself out to be, a Senior Advocate of Nigeria pending the final determination of the disciplinary proceedings.

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According to the statement, “The LPPC remains committed to upholding the highest standards of professional ethics, integrity and discipline within the legal profession and to ensuring that the rank of SAN continues to command public confidence and respect.”

Signed:

Mallam Bolaji Abdullahi
National Publicity Secretary
African Democratic Congress (ADC)

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