Sanwo-Olu:It has affected the economy of our people and the state in no small measure. We need to learn from countries like Saudi Arabia, England and others where the old and new notes continue to run concurrently for over a year
Like the supreme court judgement has now ascertained, it is good news for me and I hope that the banks can open up their vault since we have about 8 months for the policy to catch up.
The CBN said the policy was to drive the cashless economy, it is well-intended,
however, it must be well intended, we need to have a viable internet economy nationwide, not only in Lagos.
Q: On tribalism and religious sentiment in this election cycle
Sanwo-Olu: We must not allow that sentiments, bigotry and otherwise be what will divide us.
We must watch our utterances and ensure that we are not divisive. It is about the ordinary, everyday people. They own the mandate and it is about them. We must support whosoever wins.
"....The youngest person on the ballot for the gubernatorial elections is 40. I am 57 today, let me discount my age. What have I done at 40? ....
"At 40, I have done things – I led several investment banks, 3 of them. I have worked in prospecting for Oil as part of my private sector experience. In the public sector, at 40, I have served as SA to the governor of Lagos, I have presented d budget of the state to the assembly
"At 40, I have had 5ys of public sector experience. Two of important parastatals in Lagos were reporting to me. So, it is not just about going to school, what have u done in different sectors of the economy? How have you been able to show empathy? Lagos is not a testing ground...
@PeterObi, you went on air to tell lies as usual. Abiola lost in the SE. Even Ojkwu told reporters at the airport that he won't support Abiola because Igbo blood is on the NRC Ticket which had Sylvester Ugo, Biafra's Central Bank Governor on the ticket. I AM A LIVING WITNESS
Yes, some right thinking Progressives in the SE supported Abiola and stood firmly with him. But vast majority who preferred Sylvester Ugo to him. They did so them smartly without showing crass hatred to others, may be because IPOB wasn't existing then.
On the issue of annulment, the struggle to annul Abiola's victory was championed by Oguta Born Arms Trader Arthur Nzeribe, of course he purchased a Macaroni from the SW too to make it look neutral. Nzeribe, the chairman of Ass. For Better Nigeria ABN was the brain behind it.
The Lagos State Government has noted the hardship sparked by the Naira redesign policy, which has affected business and commercial activities.
There is no reason to reject the old notes, going by the Supreme Court judgement delivered on March 3, 2023. The apex court declared that “no reasonable notice was given as required by Section 20(3) of the CBN Act,”
noting that the public only became aware of the policy through press remarks, which cannot qualify as a notice to the public.
The polls on Saturday in one of Nigeria’s most politically turbulent states were the first in a cycle of state and federal votes culminating in presidential elections due in April 2011.
Diplomats and investors hope Africa’s most populous nation can avoid a repeat of the chaos seen during the 2007 elections which brought Pres Umaru Yar’Adua to power, polls marred by widespread ballot-stuffing and voter intimidation.But the signs from Anambra were not promising
Voters complained their names were not on electoral rolls, while the main candidates -- including the winner, Peter Obi -- complained of irregularities. Some election observers said there seemed to have been a deliberate attempt to exclude many voters.
Commercial banks have been directed by the Central Bank to dispense old currency notes and to also receive same as deposits from customers.
Tellers at the commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company can make deposits.
The Governor of the CBN gave the directive at a Bankers’ Committee meeting held on Sunday, 12th March, 2023.
The Governor, Dr Godwin Emefiele, personally confirmed the above to me during a phone conversation on Sunday night. Residents of Anambra are therefore advised to freely accept & transact their businesses with d old currency notes (N200; N500; and N1,000) as well as the new notes
It was learnt that the N500 million windfall was mobilised through high-level CBN agents in Lagos. It was described as “Oga’s own contribution to the takeover-Lagos-from- Tinubu’s-influence, now that he has become the president-elect and will be relocating to Abuja”.
It was learnt that Emefiele had worked to ensure that Tinubu did not emerge as presidential candidate and president-elect.
Sources said the cash bonanza is intended to give undue advantage to the LP candidate, Mr. Gbadebo Rhodes-Vivour, over the two other major contestants – incumbent Governor Babajide Sanwo-Olu of the APC and Mr. Olajide Adediran of the Peoples Democratic Party (PDP),