Despite S'Court’s Ex-parte Order, Old Naira Notes Lose Legitimacy Court rejects old banknotes for filing cases Vested interests resisting currency redesign, says CBN MPC member Maintains commercial banks mismanaging distribution process Give order on recirculation of old notes, groups urge Buhari Emmanuel Addeh in Abuja, Wale Igbintade and Segun James in Lagos The old N200, N500 and N1000 have lost their legitimacy in the
eyes of the public such that even courts are rejecting them. Specifically, lawyers and litigants were yesterday prevented from filing court processes at the Lagos
High Courts, as officials insisted they would only accept new naira notes. Consequently, many lawyers and litigants were turned back
by court officials at the registry, saying the banks no longer accept the old N200, N500 and N1000 notes as legal tender. The currency rejections happened
as a member of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), Professor Mike Obadan, yesterday, alleged that the naira redesign policy was
becoming chaotic due to resistance from some powerful Nigerians opposing it for personal interests. Continued on page 10
Sanwo-Olu Meets Lagos Business Community, Reassures Stakeholders of State’s Commitment to Growth ... Page 9 Tuesday 14 February, 2023 Vol 28. No 10170. Price: N250
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Elections: Tinubu Denies Mopping Up New Naira Notes... Page 11
Sultan: We Need to Douse Tension, People Are Hungry, Angry Explains why farmers/herders’ clashes persist in Benue Conflicts claimed 4,000 lives in seven years, IDP president revealed Adedayo Akinwale in Abuja The Sultan of Sokoto, Alhaji Sa'ad Abubakar, yesterday said there was
need to look for ways of dousing the tension in the country, stressing that people are hungry and at the same time angry.
The Sultan disclosed this in Abuja, at a national conference on Livestock Reforms and Mitigation of Associated Conflicts organised
by the Kano state government to proffer lasting solution to the farmers-herders’ clashes in the country.
He stressed that the clashes between farmers and herders in Benue state has continued because all the suggestions made to the
government were not implemented. Abubakar stated: "Let's keep Continued on page 10
11 Days to Presidential Poll: All Eyes on You, Buhari Charges Nigeria Police INEC expresses concern about violent attacks on supporters of political parties Says elections won't hold in 240 polling units, INEC declares Commission finalising issuance of 1,642,386 identification tags for agents Continued on page 10
BRIEFING THE PRESIDENT ON CRITICAL ENERGY ISSUES... L-R: CEO, Nigerian Upstream Regulatory Commission, Mr. Gbenga Komolafe ; President Muhammadu Buhari and the GCEO of NNPC, Mr. Mele PHOTO: GODWIN OMOIGUI Kyari during the briefing on critical Upstream oil and Gas issues at the Presidential Villa , Abuja...... yesterday