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Senate to Question CBN Chiefs over Cash Withdrawal Limits Friday

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The Senate will on Friday grill two deputy governors of the Central Bank of Nigeria over the cash withdrawal limit policy unveiled by the apex bank on Tuesday.

The red chamber planned to seek clarifications on the new directive which restricts over-the-counter cash withdrawal by individuals and organisations to N100,000 and N500,000, respectively, per week.

It also limits cash withdrawals via point-of-sale machines and automated teller machines to N20,000 daily and N100,000 weekly, respectively.

According to a memo signed Tuesday by the CBN’s Director of Banking Supervision, Haruna Mustafa, withdrawals above the thresholds would attract processing fees of five per cent and 10 per cent, respectively, for individuals and corporate entities going forward.

In addition, third-party cheques above N50,000 shall not be eligible for OTC payment while extant limits of N10m on clearing cheques still remain.

The circular also directed banks to load only N200 and lower denominations into their ATMs and restricted withdrawal to N20, 000 per day from ATMs.

The policy which will become effective on January 9, 2023, had generated criticisms but the CBN clarified on Wednesday that PoS operators could apply for waivers.

Deliberating on the policy on the floor of the Senate on Wednesday, senators said there was a need to debate the policy on the floor of the red chamber.

However, the Senate President, Ahmad Lawan, directed the Senate Committee on Banking to grill the two re-appointed deputy governors of the CBN, Aisha Ahmad, and Edward Adamu, who will be screened on Friday, on the new cash withdrawal policy.

Senators raise motion

The resolution on the new CBN policy followed a move by Senator Philip Aduda (PDP FCT) to move a motion on the development.

Aduda had sought to rally other senators to deliberate on the policy but the Senate President, Lawan, interrupted him, saying it was too early to debate the circular.

Also, Senator Gabriel Suswam (PDP Benue North-East) supporting his colleague and pushed that the motion should be allowed to fly considering the innocent Nigerians that would be affected by the CBN policy.

Addressing Lawan, he said, “I think you should have allowed us to discuss this motion for the sake of Nigerians.”

But Lawan, who appeared not to favour the move, stopped Aduda and Suswam, saying, “No, distinguished (Senators), there is a misunderstanding here. I told you what my personal opinion is. My personal opinion is that this weekend is off. Maybe but we have an opportunity; the Committee on Banking will be screening two deputy governors of the CBN. This is one major issue they should raise with them.

“As good as the cashless policy may be, it shouldn’t be jumped at, at once.  The way the CBN is going about the policy, many Nigerians would be cut off and that won’t be accepted. Motion on the policy will be thoroughly debated in the Senate on Tuesday next week after adequate information has been gotten on it.”

Lawan noted that the newly re-appointed deputy CBN governors would be screened between Thursday and Monday so that by Tuesday, they would have been equipped with enough information to raise a motion in support or shoot down the policy.

He said, “Before Tuesday next week, our committee on Banking, Insurance and other Financial Institutions mandated to screen the re – appointed deputy governors of the Central Bank should focus its questions on the planned policy.

“The CBN deputy governors must be thoroughly grilled on the policy after which extensive debate on it will be made by Senators on Tuesday next week.”

However, the lawmaker representing Kaduna Central and Chairman, Senate Committee on Banking, Insurance and other Financial Instructions, Senator Uba Sani confirmed to The PUNCH that the CBN deputy governors would be screened on Friday.

He said, “We are working on their letters, the letters will be served tomorrow (Today)  and the deputy governors of the CBN will be screened on Friday.’’

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Sanusi Remains Emir, Says Kano Govt, Orders Removal of Bayero from Nasarawa Palace

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The Kano State Government has directed the state’s Commissioner of Police to remove the 15th Emir of Kano, Aminu Ado Bayero, from the Nasarawa mini palace.

The state government claimed that Thursday’s judgement by a Federal High Court was in its favour, affirming the state government’s decision to reinstate Emir Lamido Sanusi.

The court nullified the Kano Emirate Council (Amendment No. 2) Law, 2024, that scrapped four of the five emirate councils of the state last month and removed all the five emirs, including Aminu Ado-Bayero of Kano.

The judge, Abdullahi Liman, ruled that the appointment of Mr Sanusi as Kano emir was null and void because the government failed to obey the court order restraining it from taking further action on the new emirate council law.

The judge described Governor Yusuf’s speech during the presentation of the reappointment letter to Mr Sanusi as a road to anarchy, saying that if a court order cannot be respected despite evidence of service, then the government was heading to chaos.

He voided all the actions taken by the governor after the court order, including the signing of the new emirate law and subsequent appointment of Mr Sanusi as emir, and ordered all parties in the case to maintain the status quo.

But in a swift response, the state Attorney General and Commissioner for Justice, Haruna Dederi, in a press conference, said the court ruling was in their favour and Mr Sanusi remains the emir.

He said the government has already concluded arrangements for the general reconstruction and renovation of the property, including the demolition and reconstruction of the dilapidated wall fence of the Nasarawa palace with immediate effect.

“Following this court’s ruling, Kano State Government has directed the State Commissioner of Police to remove the deposed emir of the 8 metropolitan local governments from the government property where he is trespassing as the government has already concluded arrangements for the general reconstruction and renovation of the property including the demolishing and reconstruction of the dilapidated wall fence with immediate effect.

“By the ruling of the court, it has unequivocally reaffirmed the validity of the law passed by Kano State House of Assembly and assented to by His Excellency the Executive Governor of Kano State on Thursday, 23rd May 2024 by 5:10 p.m.

“This part of the judgement is very fundamental to the entire matter. Further implication of the ruling is that all actions done by the government before the emergence of the interim order of the honourable court, are equally validated.

“This means that the abolishing of the five emirates created in 2019 is validated, and the deposition of the five emirs is also sustained by the Federal High Court. By implication, this means that Muhammadu Sanusi II remains the emir of Kano.

“The judge also granted our application for the stay of proceedings until the Court of Appeal deals with the appeal before it on jurisdiction. Happily, the signing of the law and the reinstatement of His Highness, Emir Muhammad Sunusi II were done on 23rd May, 2024 before the emergence of the Interim Order which was served on us on Monday 27th May, 2024,” the state government claimed.

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Kano Emirate Tussle: Court Orders Reversal to Statusquo, Sets Aside Law That Dethroned Bayero

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A Federal High Court in Kano has set aside the procedures taken by the Kano State government to repeal the Kano Emirate Council Repeal Law 2024.

The law, recently passed by the Kano State House of Assembly on May 23, was immediately signed into law by Governor Abba Yusuf and was used to dethrone Emir Aminu Ado Bayero and reappoint Muhammadu Sanusi II as the 16th Emir of Kano.

Also, it was used to reverse the creation of four emirates—Bichi, Rano, Karaye, and Gaya, established by the former governor, Abdullahi Ganduje, in 2020.

However, the Sarkin Dawaki Babba, Aminu Danagundi, who was represented by Chikaosolu Ojukwu (SAN), challenged the legality of the new law and asked the court to declare the law null and void.

After hearing the motion last Friday, the presiding judge, Justice Abdullahi Liman, adjourned the ruling till this Thursday.

Counsel to the State House of Assembly and its Speaker, Eyitayo Fatogun (SAN), informed the court of a notice of appeal filed at the Court of Appeal, seeking a stay proceedings.

However, Justice Liman noted that there was no evidence that the appeal had been entered nor any formal application for a stay filed.

In his ruling on Thursday, Justice Liman set aside the action of the Kano government, ordering parties to maintain the status quo.

The judge held that the defendants were aware of the interim order granted by the court but chose to ignore it and went ahead with the implementation of the law.

Justice Liman, therefore, ruled that he would assume his coercive powers to enforce compliance with his order.

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Cholera Outbreak: Ogun Govt Puts Schools on Red Alert

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The Ogun State Government has directed school heads to ensure good health and safety of all learners and staff members to prevent the spread of Cholera within the communities.

The Commissioner for Education, Science and Technology, Prof Abayomi Arigbabu, said preventive measures have been put in place to control the spread of the disease in schools.

According to him, the measures take effect from Wednesday, June 19, 2024 as schools resumed from the mid-term break and the Eid-el-Kabir holiday.

Some of the measures include comprehensive health talks on Cholera prevention among learners and staff, including information on symptoms, transmission routes, proper hand hygiene, and safe drinking water practices;

“Ensure availability of clean water and soap for hand washing ni school premises;

“Encourage regular hand washing, especially before eating and after using the restroom.

“Promote the use of hand sanitizers with at least 60% alcohol content as a support to hand washing;

“Regularly inspect and maintain water sources within school premises to ensure that they are safe for drinking;

“Instruct learners and staff to consume only boiled or chlorinated water and avoid consuming raw or unwashed fruits and vegetables;

“Maintain clean and hygienic school environments, including proper disposal of waste and regular cleaning of toilets and common areas;

“Collaborate closely with local health authorities and follow their guidelines for cholera prevention and control measures;

“Ensure safe food preparation by making sure that they are properly cooked and covered when not consumed immediately;

“Monitor closely the food vendors and ensure that they collect letters from health facilities certifying their fitness for the job;

“Designate Health Officers within the school to monitor learners and staff for any symptoms of cholera (like frequent watery stooling, etc) and report any suspected cases immediately to the nearest Health Care Centre and ot the Ministry of Education, Science and Technology.

“By adhering strictly to these preventive measures and maintaining a high level of vigilance, we can collectively safeguard our health and well-being during this critical period,” he added.

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