The ongoing nationwide strike declared by organised labour is a misplaced priority, Senator Adams Oshiomhole declared yesterday.

According to him, the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) should take up issues on workers’ welfare rather than what will portray them as partisan.

Oshiomhole, who shot into the limelight as a labour activist, crowning his career as president of the NLC, wondered why the labour centres would not take on state governments that are not paying the N30,000 minimum wage but would embark on industrial action simply because its leader was assaulted.

The former Edo State governor spoke at Aso Villa yesterday after a meeting with Vice President Kashim Shettima.

The NLC and TUC called the strike yesterday to protest last week’s physical attack on NLC President Joe Ajaero in Owerri, the Imo State capital.

Ajaero flew into Owerri to protest the non-payment of outstanding salary arrears to workers.

 

Despite the workers’ leadership rejection of his intervention, NLC vowed to “occupy Imo State”.

During his picketing at the airport on arrival, he was beaten up and the police took him into “protective custody”. 

A few hours later, a photograph of Ajaero’s swollen face surfaced on social media.

He was not seen in public for days. On his return, he claimed that the police arrested him and handed him over to hoodlums who assaulted him.

 

Although the police denied involvement, Inspector-General Kayode Egbetokun redeployed Imo State Commission of Police Mohammed Barde and ordered an investigation.

TUC President Festus Osifo announced the industrial action on Monday, saying it will be indefinite.

But Oshiomhole said: “Unfortunately, this strike is not about those issues. 

“And I think we have to be careful not to mix our political opinion with our responsibilities because the issues confronting workers are so many that they should become the priority.”

 

Oshiomhole urged the NLC to prioritise holding state governments accountable to the N30,000 minimum wage agreement, which covers both local government and state workers.

He wondered why the NLC was not mobilising workers against states still failing to implement the approved minimum wage while targeting the Federal Government.

Advising union leaders to engage vigorously on issues like unpaid salaries, he cautioned against actions perceived as overtly partisan.

 

He said: “The Federal Government had granted N35,000 increase. And those discussions were supposed to be for and on behalf of not only the Federal Government but on behalf of all workers in Nigeria, including those employed by local governments and state governments.

“Additional revenue accruing from the withdrawal of subsidy should trickle down to the states and the local government areas.

“I would have wished that somebody in the NLC recognises that the hunger in the stomach of federal employees is not any worse than the hunger in the stomach of those state employees, nor local government employees.

“If these are the issues on the table, even as a senator, I will publicly support action against any government that thinks that we should lament away our hunger while the people do what they do.

“Labour cannot be apolitical because politics is about the people. And I have argued when I was in NLC that nobody has a right to be partisan much more than those who turn the will of our industrial progress.

“You have to be careful not to be seen to be doing the bidding of a particular candidate or a particular political party. As President of the NLC, I made no friends with any politicians.”

He reiterated his stance against brutality against any Nigerian while stressing that addressing the hierarchy of workers’ needs should be NLC’s focus.

“But, let me be clear. I do not support the brutalisation of any Nigerian. I emphasise, any Nigerian, including a journalist, including the unemployed. Of course, including a Labour leader,” he added.

 Affiliate unions join strike

The strike got the support of affiliate unions.

Oil, bank and electricity workers, as well as a section of university teachers, joined the industrial action in compliance with their unions’ directive.

 

Among Labour’s demands are the redeployment and investigation of the Commissioner of Police, Imo State Command; arrest, prosecution and dismissal of all police officers involved in the incident; and arrest of all thugs who partook in beating Ajaero and other workers.

Labour also demanded the arrest and prosecution of Mr Chinasa Nwaneri, Uzodimma’s aide on special duties who allegedly supervised the terror on workers and “bestial brutality” meted out to Ajaero.

The Petroleum and Natural Gas Senior Staff Association (PENGASSAN) and the National Union of Electricity Employees (NUEE) asked their members to join the industrial action. 

The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) and the National Union of Banks Insurance and Financial Institutions Employees (NUBIFIE) joined the strike. 

Federal workers were also asked to join the action. 

 

General Secretary of the Association of Senior Civil Servants of Nigeria, Joshua Apebo, directed federal workers to withdraw services nationwide. 

But some federal workers showed up for work yesterday.  

 

At the Federal Ministry of Education, offices were opened as workers went about their business.

In the education sector, the Academic Staff Union of Universities (ASUU), National Association of Academic Technologists (NAAT), Senior Staff Association of Nigerian Universities (SSANU), Academic Staff Union of Polytechnic (ASUP), Colleges of Education Academic Staff Union (COEASU) and the Senior Staff Association of Nigeria Polytechnics asked their members to stay off work. 

Labour unions in the maritime and health sectors asked their members to comply with the directive. 

The health sector is not left out as the nurses’ union asked their members to down tools. 

Acting General Secretary of the Medical and Health Workers Union of Nigeria, Salihu Abubakar, said they would stay home. 

 

The National Association of Nigeria Nurses and Midwives also asked its members to comply strictly with the directive. 

The Judiciary Staff Union of Nigeria (JUSUN) asked its members to shut the courts. 

However, the Congress of University Academics (CONUA) said it would not join the action because it was not yet an official TUC affiliate.

Its National President, Dr Niyi Sunmonu, said: “The position of CONUA is not to join the strike for the fact that we are yet to be an official affiliate of TUC even though our application is before them. 

“TUC with whom CONUA submitted an affiliation request has not communicated this position on strike action to it. 

“Distinguished comrades should therefore note that CONUA cannot be part of the strike action that is not communicated to it. 

“In addition, the affiliation process with the TUC has not been officially established.”

SSANU and NASU joined the nationwide strike.

NASU Chairman, University of Lagos (UNILAG) branch, Abiodun Olayinka, told The Nation that the national body had directed all branches to join the strike.

Other affiliates who joined the action are the Maritime Workers Union of Nigeria (MWUN), Association of Senior Civil Servants of Nigeria (ASCSN), Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), Nigeria Union of Railway Workers (NURW), Nigeria Union of Food and Beverage Tobacco Employees (NUFBTE), National Union of Air Transport Employees (NUATE), among others.

But, unions in the aviation industry did not comply fully as there were no flight disruptions yesterday.

Aviation unions affiliated with the labour movement were yet to meet on how to implement the directive by their parent bodies.

Secretary General, Association of Nigeria Aviation Professionals (ANAP), Comrade Abdulrazak Saidu said that was why there were seamless aerospace operations.

All scheduled flights operated without hitches, while activities at the local and international airports in Lagos went on as usual.

The strike went on despite Friday’s interim injunction granted by the National Industrial Court of Nigeria (NICN) president, Justice Benedict Kanyip.

He ruled on an ex-parte application brought by the Attorney-General of the Federation (AGF) on behalf of the Federal Government.

The presidency and AGF Lateef Fagbemi (SAN) had reminded Labour that the restraining order was still in force.

NLC to Presidency: we won’t be cowed

Labour faulted the statement issued by Special Adviser to the President on Information & Strategy Bayo Onanuga, saying contrary to the presidency’s position, the issues were beyond Ajaero.

NLC Head of Information and Public Affairs, Benson Upah, said Ajaero does not work in Imo and is not owed salary but is fighting for civil servants that are owed.

The Congress insisted the strike was far from personal.

The union said: “Nigerians and indeed, the world to know that the joint national strike by the NLC and TUC is not about ego tripping move intended to blackmail the government as Bayo Onanuga mischievously describes it.

“If Onanuga were not suffering from selective amnesia, Onanuga ought to have known that this government should remain grateful to the Organised Labour for its uncommon patience with a government that was not prepared for the consequences of its fundamentalist market policies.

“The massive currency devaluation and subsidy removal which imposed on Nigerians social violence, upheaval, dislocation, displacement or punishment they never experienced.

“Onanuga ought to have known that the Organised Labour, by not opting for a strike as a first option, acted as a bulwark against the rage of Nigerians thereby saving this government from itself.

“Ajaero is not a member of any union in or outside Imo State nor is he owed a salary or pension payment arrears, but in his capacity as president of the NLC, he has oversight over all the unions affiliated to the congress including the civil servants and pensioners who have been owed in varying degrees of arrears.

“We want Bayo Onanuga and those who sent him and the police much earlier to know that we shall not be cowed by anybody or force no matter the resources at that person’s disposal. 

“No government can be bigger than the people over which it presides.”

[TheNation]

Festus Osifo, president of the Trade Union Congress (TUC), says Adams Oshiomhole does not have enough information on the ongoing strike called by organised labour.

Speaking in an interview on Channels Television on Wednesday, Osifo said Oshiomhole, the senator representing Edo north, commented on the strike based on information passed from the presidential villa.

On Tuesday, the former Edo governor, while addressing journalists at the presidential villa, said the ongoing strike is politically motivated.

Oshiomhole, a former president of the Nigeria Labour Congress (NLC), asked organised labour to prioritise the rights of workers rather than engage in politics.

 

NATIONWIDE STRIKE

Recently, the NLC and TUC said they were embarking on the nationwide strike to protest the alleged assault of Joe Ajaero, president of the NLC, in Imo state.

The strike commenced at midnight on November 14.

 

On Tuesday, there was partial compliance to the strike across the country.

The federal government had faulted the decision of the unions to embark on the strike.

‘OSHIOMHOLE IS BUSY WITH NATIONAL POLITICS’

During the interview, Osifo said Oshiomhole is busy with national politics, adding that the former NLC president should have reached out to union leaders for facts.

 

The TUC president said Ajaero did not travel to Imo state on November 1 to entertain political issues.

“Our senior comrade, Adams Oshiomhole, is giving opinion based on the information he has,” he said.

“Today, he is a senator who is busy with national politics. I think he does not have sufficient information, maybe later we will give him as much information as possible, once he reaches out.

“He went to the villa to meet with them. That is the information that was given to him in the villa. Has he spoken to Joe Ajaero and senior labour leaders in the country to have their opinion?

 

“Maybe the information he (Oshiomhole) got from the villa was that he (Ajaero) went there to play politics.

“But I will tell him clearly that was not the case.”

[TheCable]

 

The Organised Labour has clarified that it did not receive any court order stopping the ongoing nationwide strike that began on Tuesday.

It also accused the government of repeatedly flouting court orders, all the while, demanding strict adherence to judicial rulings from other institutions.

“Yes, we don’t have a service on the court order but we have a government today who perpetually does not obey court orders. When DSS was holding Emefiele, how many court orders were passed for Emefiele to be released? Countless number of them,” TUC President Festus Osifo, who spoke on Channels Television’s Sunrise Daily programme, said on Wednesday.

The labour leader has announced that once the unions receive a court order regarding the ongoing strike, they will consult with their legal team and make a decision accordingly.

 

“We have a state that refuses to obey court orders. You now expect others to obey court orders but once we see it, we are responsible institutions, we will not say because the Federal Government continuously violate court institution, we will examine it and if it is the right thing for us to do, yes, we will,” he said.

The Nigeria Labour Congress and the TUC on Monday ordered their affiliates to withdraw their services nationwide from midnight on November 14, 2023.

The PUNCH reports that the Federal Government, the Attorney General of the Federation, and the Minister of Justice filed an ex-parte application praying  the court to stop the unions from embarking on the planned strike.

In his ruling, the President of the Court, Justice Benedict Kanyip, cited Sections 17 and 19 of the National Industrial Court Act and ordered the unions to stop their nationwide strike.

Unions across the country initiated a nationwide strike on Tuesday, in a bid to demand justice following an assault on Joe Ajaero, the President of the NLC, which took place in Owerri, the capital of Imo State, on November 1, 2023.

Workers in several states joined the strike, shutting down activities at several government-owned facilities.

Partial compliance was observed in certain states as the industrial action unfolded, with a number of workers choosing to carry on with their regular duties.

[Punch]

President Bola Tinubu says his vision for Nigeria centres on transforming the country into a nation of builders and ensuring prosperity for future generations.

Naija News reports that Tinubu while speaking at the 55th International Conference, Exhibition and Emerald Anniversary of the Chartered Institute of Personnel Management of Nigeria, with the theme, ‘Sustainable HR, Business and National Development’ held on Tuesday, reiterated that poverty is not only shameful but it is unacceptable under his leadership.

The President insisted that his vision for the Nigerian workforce ensures every citizen is gainfully employed and can care for themselves and their family.

Minister of State for Labour and Employment, Nkiru Onyejiocha, who represented Tinubu at the event, noted that in the face of global challenges, the current administration was committed to steering Nigeria towards self-reliance and reducing dependency on others.

He said, “I am reminded of the crucial role that human resources play in shaping the destiny of our nation. Our collective vision must transcend the ordinary, and today, I wish to share with you a vision that centres on transforming Nigeria into a nation of creators and builders, ensuring a prosperous Nigeria for us and future generations to come.

“As I have said repeatedly, poverty is not a shameful thing – but it is an unacceptable thing. Therefore, my vision for the Nigerian workforce is one where every citizen who wishes to be, is gainfully employed and able to take care of themselves and their family. Together, keying into this vision, we will banish poverty.

“We envision an unprecedented level of industrial activity, marked by the establishment of unique industrial hubs tailored to the strengths of each region in our great nation.

“Our commitment to ending poverty is deeply intertwined with our focus on economic growth and job creation. We recognise that sustainable development can only be achieved by fostering an environment where job opportunities abound, ensuring food security, and eradicating poverty.”

Commenting on the roles of HR practitioners, Tinubu said it was crucial in moulding and effectively managing people to become catalysts for economic resurgence in an increasingly competitive and changing world.

On his part, the President and Chairman of Council, CIPM, Olusegun Mojeed, noted that now more than ever, HR was responsible for shaping a progressive organisation and nation.

He said, “Sustainable people practice is a strong catalyst for cultural, national, and infrastructural development, among others. Talent supply will play a major role in creating and shaping the conditions in which organisations and nations will operate.”

Barring any last-minute change, the Appeal Court in Lagos will today, Wednesday, deliver judgment in the appeal filed by the governorship candidate of the Labour Party (LP), Gbadebo Rhodes-Vivour and that of the Peoples Democratic Party (PDP) and its candidate, Abdulazeez Olajide Adediran challenging the re-election of Governor Babajide Sanwo-Olu.

Naija News understands that the court sent a notice to the parties disclosing that the judgment will be delivered today, November 15th by 3 pm.

Recall that on Nov 7th, the Court of Appeal panel led by Justice Yargata Nimpar had reserved judgment in the two appeals after listening to the arguments of the parties.

The court said the date for judgment would be communicated to the parties.

During the court session, Counsel to Labour Party, Mr Benson Olagbade, urged the court to allow the appeal and set aside the decision of the tribunal on the Lagos State governorship election.

He argued that the tribunal erred in law when it held that the burden of proof regarding the citizenship of Sanwo-olu’s running mate, Obafemi Hamzat rests on the appellant.

He urged the court to interprete Section 182 (1) (a) of the Constitution regarding the disqualification of Sanwo-Olu and his deputy.

“We invite this court to give full interpretation of the law to this matter.

“It does not matter whose ox is gored,” Olagbade said.

However, the counsel to the Lagos State Governor, Wole Olanipekun (SAN), urged the court to dismiss the appeal.

He said the dual citizenship argued by the appellant was never brought before the tribunal.

“They are now presenting a case of dual citizenship, they believe that this is a trial court.

“The tribunal found out that the purported oath of allegiance to a foreign country was not before it so it ruled it out.

“We urge your Lordship to dismiss this appeal,” Olanipekun said.

In the petition filed by the PDP, asked for the disqualification of APC and Labour Party candidates, basing its requests on the provision of Section 177(c) and 182(1)(j) of the constitution.

Olanipekun however urged the court to also dismiss the appeal.

At least twenty affiliate unions of the Nigeria Labour Congress (NLC) joined the nationwide strike called by the Organised Labour.

The unions directed their workers to comply with the NLC and the Trade Union Congress (TUC) directive to embark on the indefinite strike, which began Monday midnight.

Recall that the National Executive Council (NEC) meeting of the labour unions on Monday, November 13, 2023, in Abuja resolved to embark on the strike to protest the attack on the NLC President, Joe Ajaero, in Imo State.

The development resulted from the Federal Government’s alleged failure to address issues affecting workers, such as the minimum wage, insecurity, corruption, and poor governance.

Also, unions had made some demands, which the government had allegedly failed to address following the recent crisis in Imo that resulted in the assault of Ajaero and other members of the labour unions.

Below are some of the unions that have complied with the directives include.

1. The Academic Staff Union of Universities.

2. The Senior Staff Associations of Nigerian Universities.

3. The College of Education Academic Staff Union.

4. The Academic Staff Union of Polytechnics.

5. The National Union of Food Beverage and Tobacco Employees.

6. The Senior Staff Association of Nigerian Polytechnics.

7. The Medical and Health Workers Union of Nigeria.

8. National Association of Academic Technologists.

9. National Union of Postal and Telecommunication Employees.

10. Nigeria Union Of Local Government Employees.

11. Judiciary Staff Union of Nigeria.

12. Nigeria Union of Public Service Reportorial, Secretarial, Data Processors and Allied Workers.

13. National Union of Textile Garments and Tailoring Workers of Nigeria.

14. National Associations of Nigeria Nurses and Midwives.

15. National Union of Banks, Insurance and Financial Institutions Employees.

16. Maritime Workers’ Union of Nigeria.

17. The National Union of Electricity Employees.

18. Parliamentary Staff Association of Nigeria.

19. Nigeria Union of Railway Workers.

20. Petroleum and Natural Gas Senior Staff Association of Nigeria

Recent off-cycle elections in Bayelsa, Imo, and Kogi states faced an unsettling level of militarization, according to Dr. Ladan Salihu, former Director-General of the Federal Radio Corporation of Nigeria (FRCN). Speaking on Channels TV, Salihu voiced concern over the extensive deployment of military and police personnel to polling units, creating an atmosphere fraught with fear.

Highlighting the disproportionate allocation of resources to secure off-cycle elections, Salihu emphasized the need to redirect these efforts toward addressing the broader security challenges facing the nation.

“The entire process is militarized when you talk about security agencies,” noted Salihu. “The sheer number of security personnel, including soldiers, police, SSS, and even the EFCC in polling units, raises questions. I would rather see these resources deployed to regions facing heightened security challenges like Zamfara, Sokoto, Kebbi, Plateau, Benue, and the North East.”

Expressing his endorsement of secure polls, Salihu underscored the need to strike a balance, ensuring the protection of ballot boxes without creating an overbearing presence that extends beyond the realm of electoral integrity.

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“The mobilization was unprecedented, leading to fears that if this trend continues, we might be heading towards a situation transcending politics and elections,” he warned.

Salihu also expressed disappointment at the recurrence of pre-filled election results, highlighting a lack of progress in the nation’s electoral process.

“Over the years, complaints have persisted, and the problems are widespread. In Kogi, there were cases of pre-filled results; in Imo, irregularities abound, and Bayelsa witnessed numerous complaints. Collectively, it seems we have not learned from past mistakes,” he lamented.

The All Progressives Congress (APC) is grappling with internal discord over the escalating expenses associated with contesting elections within the party. The fees for expression of interest and nomination forms have witnessed a steady increase since the party’s inception in 2014.

Initially set at N27.5 million for presidential and N5 million for governorship forms in 2014, these costs surged to N45 million and N22.5 million, respectively, in 2019. In the latest development, the fees skyrocketed to N100 million for presidential and N50 million for governorship forms in 2023.

Criticism is mounting within the APC ranks, with prominent members urging the party leadership to curtail the rising costs for the 2027 elections. Concerns have been raised regarding the lack of transparency in accounting for the substantial revenue generated from the sale of expression of interest and nomination forms in the lead-up to the 2023 elections.

Salihu Mohammed Lukman, a former national vice chairman (North West) of the APC, voiced his apprehensions in a recent statement, predicting that by 2027, the party might demand N250 million for the presidential race and N125 million for governorship contests.

Lukman expressed dismay over what he perceives as the APC’s diminishing democratic principles, a stark departure from the expectations that surrounded the party’s emergence in 2015.


The APC’s national publicity secretary, Felix Morka, dismissed Lukman’s claims, labeling them as speculative. Morka emphasized that the issue of the cost of forms for the next elections remains speculative until the party officially decides, hinting that the fees might be subject to review.

Offering insights into the persistent trend of escalating fees, Professor Kari, a Political Sociology expert at the University of Abuja, attributed it to the APC’s status as the ruling party. He highlighted the assumption that securing the APC ticket translates to electoral success, a notion he argued could hinder democratic participation.

In contrast, Chief Chekwas Okorie, an elder statesman and former presidential candidate, contended that major parties like the APC impose high charges due to the substantial expenses involved in running the party.

As the internal debate ensues, all eyes are on the National Working Committee (NWC) for its decision on the nomination fees for the 2027 elections.

Atiku Abubakar, former vice-president, has called on opposition parties in the country to form a coalition.

Abubakar said Nigeria needs a strong opposition to stop the All Progressives Congress (APC) from “turning” the country into a one-party state.

Speaking on Tuesday when he received a delegation from the national executive committee of the Inter-Party Advisory Council Nigeria (IPAC), Abubakar said if there is no viable opposition, the nation’s hard-earned democracy will suffer.

“You have come here today to say that we should cooperate in order to promote democracy,” he said.

“But the truth of the matter is that our democracy is fast becoming a one-party system, and of course, you know that when we have a one-party system, we should just forget about democracy.

“We have all seen how the APC is increasingly turning Nigeria into a dictatorship of one party.

“If we don’t come together to challenge what the ruling party is trying to create, our democracy will suffer for it, and the consequences of it will affect the generations yet unborn.

“The project of protecting democracy in our country is not about just one man.”

In the last election, President Bola Tinubu was declared the winner after polling 8,794, 726 votes.

But a merger of Atiku, Peter Obi of the Labour Party (LP) and Rabiu Kwakwanso of the New Nigeria Peoples Party (NNPP) would have defeated Tinubu in the election.

Obi and Kwakwanso were members of the PDP before leaving the party in 2020 to seek presidential tickets on the platforms of LP and NNPP respectively.

The three candidates scored 14, 582,740 votes, which would have been enough to defeat Tinubu if they had merged or remained in the PDP.

‘INEC CONDUCTED WORST ELECTION EVER’

The candidate of the Peoples Democratic Party (PDP) in the 2023 election also criticised the Independent National Electoral Commission (INEC) over the conduct of the general and cycle polls.

“The Independent National Electoral Commission conducted the worst general election in the country,” Abubakar alleged.

“Recently, again in the off-season election in three states, INEC doubled down on its disregard for the tenets of our democracy.

“We all can see how INEC declared a result in Kogi state where the total number of votes cast is higher than the total number of accredited voters in one local government.

“We cannot have a healthy democracy in an environment where all INEC does is to deliver the ruling party at all costs.

“Until our elections pass the test of transparency through electronic voting, it will be difficult for INEC to regain its credibility, and our democracy will be the first casualty of such a situation.”

Yabagi Sani, leader of the delegation, assured the former vice-president that the group would be available at any time that he needed them.

The Central Bank of Nigeria has announced its intention to extend the validity of the old N200, N500, and N1,000 noted indefinitely.

This is as the apex bank declared its desire to extend the validity of old naira notes beyond any expiry date. According to the bank, it is working with the relevant authorities to vacate the subsisting court ruling on the same subject.

The bank disclosed this in a statement signed by the Director, Corporate Communications, Isa AbdulMumin, on Tuesday.

The statement titled, ‘CBN To Allow Old Design Naira Banknotes as Legal Tender, Ad Infinitum,’ said the decision is line with international best practices and to forestall a repeat of earlier experiences.

The statement read, “Without prejudice, the Central Bank of Nigeria wishes to inform the general public of its desire to extend the legal tender status deadline of the old design of N200, N500 and N1,000 denominations; ad infinitum.

“This is in line with international best practices and to forestall a repeat of earlier experiences. Thus, all banknotes issued by the Central Bank of Nigeria, in accordance with Section 20(5) of the CBN Act 2007, will continue to remain legal tender, ad infinitum. even beyond the initial December 31, 2023, deadline.

“The Central Bank of Nigeria is working with the relevant authorities to vacate the subsisting court ruling on the same subject. Accordingly, all CBN branches across the country will continue to issue and accept all denominations of Nigerian banknotes, old and redesigned, to and from deposit money banks.


“The general public is enjoined to continue to accept all Naira banknotes (old or redesigned) for day-to-day transactions and handle these banknotes with utmost care, to safeguard and protect the lifecycle of the banknotes. Also, the general public is encouraged to embrace alternative modes of payment, e-channels, for day-to-day transactions.”

This is the third statement the CBN has issued concerning naira notes in recent times. Earlier this month, it clarified that there was no scarcity of naira in the country. Later, it announced that every banknote remains legal tender and should not be rejected by anyone.

The apex bank has had to clear the air on the naira following a March ruling by the Supreme Court that asked the CBN to allow old N200, N500, and N1,000 notes to continue as legal tender till December 31, 2023, after the bank announced a new naira design policy and expiration dates for the denominations.

The former Governor of the Central Bank of Nigeria, Godwin Emefiele, in October 2022 disclosed a plan to redesign some naira denominations (N200, N500, and N1000 notes) and reduce currency circulation.

According to Emefiele, the currency move was to control currency in circulation as well as curb counterfeit currency and ransom payments to kidnappers and terrorists. He stated that the existing old N200, N500, and N1,000 notes would retain their legal tender status until January 31, 2023.

The apex would later extend its deadline until February 10, 2023, but the Zamfara, Kogi, and Kaduna state governments would on February 3 file a suit against the Attorney-General of the Federation on the policy.

Lagos, Ondo, Ekiti, Kano, Sokoto, Ogun, and Cross River would later join the suit as co-plaintiffs. In a ruling in March 2023, the Supreme Court invalidated the new naira design policy because it was not done with due consultation and in line with constitutional provisions.


With this new CBN directive, Nigerians can now expect to spend old N200, N500, and N1000 beyond December 2023.

The National President, Association of Mobile Money and Bank Agents in Nigeria, Victor Olojo, recently told The PUNCH, “The new decision of the Central Bank of Nigeria to retain both the old and new notes is a good and positive development, particularly coming out to clear the speculations before December that was initially set, at least to forestall the scarcity issue that happened earlier in the year.”