Politics |

November 15, 2023

November 15, 2023 IFMNEWS

CBN Says Old Naira Notes Remain Legal Tender Indefinitely

The Central Bank of Nigeria, CBN has said the old N200, N500, and N1,000 notes will remain legal tender indefinitely and no longer have a deadline

This was disclosed in a statement signed by the bank’s Director of Corporate Communications Isa Abdulmumin where it made known its intention to extend the validity of old naira notes beyond any expiry date.

In March 2023, the Supreme Court had extended the deadline to phase out the old naira notes to December 31, 2023.

According to the bank, it is working with the relevant authorities to vacate the subsisting court ruling on the same subject.

While explaining that the move is in line with international best practices and “to forestall a repeat of earlier experiences, the bank said it will continue to issue and accept all denominations of the bank notes, old and redesigned, to and from deposit money banks (DMBs).

The CBN there encouraged the general public to embrace alternative modes of payment such as e-channels, for day-to-day transactions.

November 15, 2023

November 15, 2023 IFMNEWS

Court To Deliver Judgment In Rhodes-Vivour, Jandor’s Appeals Today

The Court of Appeal in Lagos is set to deliver judgment in the appeal filed by the governorship candidate of the Labour Party, Gbadebo Rhodes-Vivour and that of the Peoples Democratic Party (PDP), Olajide Adediran challenging the re-election of Governor Babajide Sanwo-Olu.

A notice sent out by the court to parties in the appeal indicated the judgment will be delivered today at 3 pm.

Exactly a week ago, on November 7th, the Court of Appeal panel led by Justice Yargata Nimpar had reserved judgment in the two appeals after listening to the arguments of the parties.

The court which has Justices Samuel Bola and Paul Bassi as members of the panel had said the date for judgment would be communicated to the parties.

November 15, 2023

November 15, 2023 IFMNEWS

INEC Denies Allegations Of Bvas’ Manipulation In Kogi Poll

The Independent National Electoral Commission (INEC) has denied reports that it tampered with that accredited figures of voters in the Kogi governorship election results uploaded on the INEC Result Viewing (IReV) portal.

In a statement, INEC’s national commissioner and member of the information and voter education committee, Mohammed Haruna, said “the most accurate and up-to-date Voters’ Accreditation Data is available in the Bimodal Voter Accreditation System (BVAS), which is used for the authentication and accreditation of registered voters at various polling units on election day.

He said the BVAS automatically retains the accreditation data of all voters.

A news report on Sunday had alleged that there were discrepancies in the number of accredited voters captured by the BVAS and the figures contained in the uploaded manual electoral result sheets for some polling units in Okene, Adavi and Okehi Areas of the state.

However, the INEC national commissioner said the BVAS is designed to primarily work offline without internet connectivity.

November 15, 2023

November 15, 2023 IFMNEWS

Atiku Urges PDP, LP, Others To Unite Against APC

Former Vice-President Atiku Abubakar has called on the opposition parties in Nigeria to come together and form a formidable front to protect the country’s democracy.

Atiku, who was the candidate of the Peoples Democratic Party in the 2023 presidential election, said this when he played host to the national executive committee of the Inter-Party Advisory Council Nigeria (IPAC), led by its National President, Yabagi Sani.

He lamented that the All Progressives Congress, APC is turning Nigeria’s democracy into a one-party system.

Atiku said if the situation is not challenged in unison, democracy in the country will suffer for it, and the consequences of it will affect the generations yet unborn.

He also accused the Independent National Electoral Commission, INEC of conducting poor elections, including discrepancies in voter numbers.

The former Vice President also called for the National Assembly to prioritize constitutional and electoral reforms, in particular electronic voting reforms, to ensure transparent elections and protect our democracy.

A cross section of callers on our breakfast program, The Big Story reacted to the claim by Atiku.

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