Author: switchni

…Says govt’ll stabilise new notes supply soon The President, Major General Muhammadu Buhari (retd.), on Saturday, said the government’s currency swap is not meant to target innocent citizens but corrupt persons and terror financiers hoarding illicit monies. He also assured Nigerians that the government will ensure that they and their businesses will face no harm from disruptions caused to the entire supply chain arising from the currency swap. According to a statement signed on Saturday by the President’s Senior Special Assistant on Media and Publicity, Garba Shehu, Buhari was reacting to reports of long queues of people waiting for hours…

The Imo State Government has revealed its plans to boost the economy in the state using tourism. Speaking during a Saturday webinar, titled ‘Opportunities in tourism in Imo State,’ organized by the Chief Economic Adviser to the state government, Prof Kenneth Amaeshi, the state Commissioner for Tourism, Jerry Egemba, reiterated the commitment of the government to tourism development in the state and its openness to welcome investors in the sector. Egemba said, “Imo has been known over time as a tourism center.” He spoke about how hotel businesses had been developed with tourism boosting the hospitality sector in the state,…

Bothered by the slow pace in the collection of Permanent Voters Cards, PVCs, a community-based Non-Governmental Organization, NGO, Obige Obukpa Widows Care Foundation, OOWCF, in Nsukka Local Government Area of Enugu state, yesterday, embarked on a sensitization and awareness rally to appeal to the conscience of eligible voters to collect their cards before the deadline. The rally which took the group to the various parts of Nsukka and Igbo-Eze South Local Government Areas, including markets and other open business areas, was sponsored by the Women’s Voice and Leadership Project; Global Affairs Canada, Action Aid and Women’s Aid Collective, WACOL. The…

A coalition of Civil Society Organisation has knocked the Independent National Electoral Commission over the perceived disenfranchisement of citizens, especially students, in the forthcoming general elections. This was contained in a statement released Friday by the 10 CSOs including Enough is enough, Yiaga Africa, Dataphyte, Reclaim Naija, and others. In the statement, the CSOs sought an extension of the Permanent Voter Cards collection deadline and a better timetable to help students participate in the election. It read, “According to the Independent National Electoral Commission (INEC), collection of Permanent Voters’ Cards will end this Sunday, January 29th at 5 pm. “However,…

The Election Petitions Tribunal hearing the All Progressives Congress’ Adegboyega Oyetola’s petition against the victory of the Peoples Democratic Party’s Ademola Adeleke on Friday annulled the result of the July 16 Osun governorship poll. Justice Tetsea Kume, while delivering a majority decision, declared that the Independent National Electoral Commission did not comply substantially with the constitution and the provisions of the Electoral Act. He subsequently deducted the over-voting observed from the votes scored by the candidates and declared that Oyetola won the election, having polled 314, 921, while Adeleke’s score came down to 290, 266. He directed INEC to withdraw…

Old Naira Notes *New notes shortage force banks to shut ATMs, customers demand extension•Reps threaten Emefiele with arrest, insist CBN gov must obey summons•Law professor sues CBN, NLC writes Buhari over deadline extension Ahead of the January 31 deadline set by the Central Bank of Nigeria for the phasing out of the old N1,000, N500 and N200 notes, some mega-churches, schools and retailers have set time limits for the collection of the old currencies. This came as the lingering shortage of old naira notes forced several commercial banks to shut their Automated Teller Machines in Lagos, Abuja and other states…

“The current daily limit of transaction to N20,000 is against the central bank’s daily limit of N100,000.” Old Naira Notes. Joshua Alobo has approached the Abuja Division of the Federal High Court, praying the court to stop the Central Bank of Nigeria (CBN) from implementing the January 31 deadline to phase out the old naira notes (N200, N500 and N1,000). Mr Alobo, in the suit marked: FHC/ABJ/CS/114/2023, also prayed the court to make an order extending the duration when the old banknotes would cease to be legal tender for three weeks. Listed as first to third defendants in the suit…

* Declines further hearing A Federal High Court sitting in Abuja has ruled that it stands by the Appeal Court judgment, which upheld Akan Udofia’s emergence as All Progressives Congress (APC) gubernatorial candidate in Akwa Ibom State and therefore will not proceed to assume jurisdiction over the case any longer. While delivering ruling in the suit marked FHC/ABJ/CS/1290/2022, Justice Emeka Nwite held that the Appeal Court is a court of appellate jurisdiction and its decisions are binding on the Federal High Court. He further held that he will not proceed to hear a case wherein the subject matter has been determined…

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, Thursday launched the Nigerian National Domestic Card scheme that will among other things, avail Nigerians the sovereignty of their data, lower costs of transactions, and address challenges in foreign exchange usage. Emefiele said at a time when foreign exchange challenges persist globally, all card and online transactions would go on the domestic card scheme with immediate effect. The domestic card system which presents a critical moment in the development of Nigeria’s payment system is also expected to reduce the exploitations associated with cash handling. Speaking at the virtual launch…

The Independent Corrupt Practices and Other Related Offences Commission has rearrested a former registrar of the Joint Admissions and Matriculation Board, Prof. Adedibu Ojerinde, in Abuja, on Thursday, The Switch Nigeria reports. Ojerinde’s arrest followed a warrant issued by the Federal High Court, Abuja. He is expected to face a team of investigators over new evidence uncovered in relation to his ongoing trial for the diversion of funds while he was a public officer. The ICPC operatives uncovered two accounts opened in the names of Trillium Learning Centre Ltd and Sapati International Schools Ltd into which funds were diverted using…