New Banknotes: Abia State Governor, Ikpeazu Joins Suit On Supreme Court Ruling

Abiola Olawale
Writer

Ad

Regina Daniels Vs Ned Nwoko: The Fleeting Illusion of Life

By Fred Chukwuelobe Once upon a time dazzling Regina Daniels and wealthy Senator Ned Nwoko were love birds. They bestrode the world and were the ultimate love birds not withstanding the age difference between them. Some saw the relationship as “child abuse” as Daniels was still a teenager and Nwoko an elder. The two cared…

UK Urges Citizens to Avoid Visits to Several Nigerian States Amid Escalating Insecurity

By Abiola Olawale ​The United Kingdom's Foreign, Commonwealth, and Development Office (FCDO) has issued a travel advisory, advising British citizens to avoid all travel to six Nigerian states due to escalating security threats from terrorism, kidnapping, and violent crime. This was contained in the latest Foreign Travel Advice released by the GOV.UK and sighted on…

Tinubu Hails Soludo’s Landslide Re-Election, Calls Victory ‘Affirmation of Visionary Leadership’

By Abiola Olawale ​President Bola Ahmed Tinubu has offered his congratulations to Anambra State Governor, Professor Charles Chukwuma Soludo, following his victory in Saturday's off-cycle gubernatorial election. The President described the win as a powerful "affirmation of visionary leadership." ​Soludo, a former Governor of the Central Bank of Nigeria (CBN) and candidate of the All…

Ad

Despite President Mahmoud Buhari’s declaration against the Supreme Court ruling in the early hours of Thursday, the Abia Governor, Dr. Okezie Victor Ikpeazu has directed his Attorney-General, Chief Ihediwa, SAN, to immediately put machinery in motion that would facilitate all necessary legal processes needed by the State to be joined In the suit.

Ikpeazu, in an application was seeking to ensure that the new policy of the Central Bank of Nigeria, CBN to change old naira notes to New ones would be implemented in such a way that it will not continue to threatened the peace and economic well being of Abians and Nigerian citizens in general.

This declaration which was contained in a release by the state information commissioner, Barr. Eze Chikamnayo, noted that the welfare of Abia citizens everywhere, remains the cardinal principle of the Governor.

According to the release, the decision of Abia to join as one of the states challenging the anti-people policy that has become a litigation tussle at the Supreme Court, was hinged on the untold hardships being experienced by her citizens over their inability to access the new naira notes.

“Today in Abia, the cash crunch occasioned by the haphazard implementation of the CBN Naira Swap policy is leading to endless queues at ATM centres, and all manner of exploitations of the citizens at the Point of Sale (PoS) centres across the state,” Ikpeazu noted in dismay.

The Governor further observed that the persistent scarcity of the new banknotes has not only become a in slow wheels of economic development but posed as an imminent security threat given the palpable tension the policy has generated thus far since it’s introduction.

In the suit, the Governor is however praying the court to prevail on the CBN to as a matter of urgency, resolve the lingering crisis occasioned by the draconian policy that has thrown Nigerians living in both urban and rural areas into agony.

It would be recalled that virtually all APC Governors have joined in the suit challenging the CBN new naira notes policy.

Though, Ikpeazu, a PDP Governor, is a member of the Integrity Group otherwise known as the G-5 Governors, may have toed the line of his political acolytes who are currently at daggers drawn with other stakeholders of their of party.

Ad

X whatsapp