Connect with us

News

Naira redesign: Group demands N2trn compensation from CBN

Published

on

A Civil Society Organisation, Save Nigeria Movement (SNM), said the Central Bank of Nigeria (CBN) should compensate Nigerians with two trillion Naira for losses during the naira redesign by the suspended Governor, Godwin Emefiele.

The group said this in a letter to the CBN dated July 6 through its legal representative, Sorkaa & Associates.

The group said the amount represents one trillion naira compensation for Nigerians with bank accounts and another one trillion naira for those without bank accounts.

The group warned that it would take legal action if the apex bank failed to act within 30 days of their notice.

“We have been briefed by Save Nigeria Movement (SNM), a Non-Governmental Organisation (hereinafter referred to as ‘our client’), and our legal services retained.

“The brief of our client reveals that the CBN Naira Redesign Policy introduced in December 2022 to expire in February 2023 brought enormous hardship to Nigerians as attested by the former Senate President, Ahmad Lawan.

“President Bola Tinubu faulted the suspended Governor of CBN for harshly implementing the Naira redesign policy, stating that there are many Nigerians that suffered within the implementation of the policy.

“The brief of our client further reveals that the Governor’s court case against the CBN at the Supreme Court, which they won, ordered that the new and old naira notes remain legal tender until Dec. 31, 2023.

“This confirmed the illegality of the CBN’s entire policy.

“We hereby demand on behalf of our client the immediate payment of one trillion naira only as compensation to every Nigerian with a bank account who suffered from the economic terrorism of the suspended CBN Governor.

“We hereby also demand on behalf of our client the immediate payment of one trillion naira only as compensation to every Nigerian without a bank account who suffered from the economic terrorism of the suspended CBN Governor.

“Take note that should you fail or refuse to meet the demands of our legal correspondence upon receipt within the next seven days, that is counting from July 6 when we sent the letter, we will not hesitate to take legal steps forthwith without recourse to you.

“Remember, a stitch in time saves nine; please act wisely and pay compensation to Nigerians who had bank accounts and those who did not have bank accounts,” the group said.

Headline

Prince Harry visits sick Nigerian soldiers in Kaduna

Published

on

Prince Harry and his team visited the 44 Nigerian Army Reference Hospital in Kaduna to interact with wounded soldiers who are receiving treatment.

The Duke of Sussex is in Nigeria with his wife to champion the Invictus Games, which Harry founded to aid the rehabilitation of wounded and sick servicemembers and veterans.

Nigeria joined the Invictus Community of Nations in 2022 becoming the first African country to join.

Prince Harry’s visit to Kaduna came 68 years after his late grandmother Queen Elizabeth II visited the state during the time of the late Premier of Northern Region Sir Ahmadu Bello.

Continue Reading

News

Senate approves death penalty for drug traffickers

Published

on

Senate on Thursday, May 9, approved the death penalty for those convicted on the charge of drug trafficking in the country.

The punishment prescribed in the extant NDLEA Act is a maximum sentence of life imprisonment.

The resolution of the Senate followed its consideration of a report of the Committees on Judiciary, Human Rights and Legal Matters and Drugs and Narcotics, National Drug Law Enforcement Agency (NDLEA) Act (Amendment) Bill, 2024.

The Chairman of the Committee on Judiciary, Human Rights & Legal Matters presented the report during plenary, Senator Mohammed Monguno (APC-Borno North).

The bill, which passed its third reading, aims to update the list of dangerous drugs, strengthen the operations of the NDLEA, review penalties, and empower the establishment of laboratories.

Section 11 of the current act prescribes that “any person who, without lawful authority; imports, manufactures, produces, processes, plants or grows the drugs popularly known as cocaine, LSD, heroin or any other similar drugs shall be guilty of an offence and liable on conviction to be sentenced to imprisonment for life” was amended to reflect a stiffer penalty of death.

Although the report did not recommend a death penalty for the offence, during consideration, Senator Ali Ndume moved that the life sentence should be upgraded to the death penalty.

During a clause-by-clause consideration of the Bill, Deputy Senate President Barau Jibrin, who presided over the session, put the amendment on the death penalty to a voice vote and ruled that the “ayes” had it.

But Senator Adams Oshiomhole objected to the ruling, saying that the “nays” had it.

He argued that matters of life and death should not be treated hurriedly, but Barau said it was too late, as he failed to call for division immediately after his ruling.

The bill was subsequently read for the third time and passed by the Senate.

Continue Reading

Facebook

Trending