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Nigerians React Ask Central Bank Of Nigeria Challenges Femi Falana’s Legal Standing In Naira Depreciation Lawsuit
Nigerians React Ask Central Bank Of Nigeria Challenges Femi Falana’s Legal Standing In Naira Depreciation Lawsuit....KINDLY READ THE FULL STORY HERE▶
The Central Bank of Nigeria (CBN) has raised concerns regarding the legal basis for human rights lawyer Femi Falana’s request to the Federal High Court to halt the concerning devaluation of the Naira. In a preliminary objection filed against Falana’s lawsuit regarding the Naira’s falling value and the dollarization of the economy, the CBN has questioned Falana’s eligibility and the court’s jurisdiction to address the matter. Additionally, the CBN has sought the case’s dismissal on the grounds that it has exceeded the statute of limitations.
Falana, in case number FHC/L/CS/470/23, had asked the court to order the CBN to prevent market forces from determining the Naira’s exchange rate in line with Section 16 of the Central Bank Act. He also requested the court to compel the CBN to halt the dollarization of the economy, as Section 20(1) of the Act designates the Naira as the sole legal tender in Nigeria.
However, in the preliminary objections presented by Adeleke Agboola, SAN, on behalf of the CBN, the central bank argued that Falana has not demonstrated that he would be disproportionately affected by the CBN’s exchange rate policy compared to other Nigerian citizens. The CBN asserted that Falana lacks the legal standing to initiate the case and has not reported those involved in dollar trading in Nigeria.
Additional objections put forward include the absence of evidence that the CBN acted in bad faith and the failure of the plaintiff to present a reasonable cause of action against the CBN. The bank has asked the court to either dismiss the case or, as an alternative, strike it out, citing its lack of jurisdiction to hear the matter.
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COURTROOM CHAOS: Security Scramble As Enraged Mob Brutally Attacks Chidimma Adetshina Outside South African Courthouse!.
Security personnel had to step in following a hostile incident involving Miss Universe Nigeria 2024, Chidimma Adetshina, outside the Cape Town Regional Court in South Africa.....KINDLY READ THE FULL STORY HERE▶
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Court Proceedings: Adetshina appeared in court for ongoing hearings related to a legal challenge brought by South Africa’s Department of Home Affairs, which alleges that she lacks valid immigration status.
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The Incident: According to viral footage, the beauty queen was shoved and harassed by chanting onlookers as she exited the courthouse before security intervened to clear a path.
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Legal Stance: Adetshina maintains that she was born in South Africa and is actively contesting the deportation attempts through legal channels.
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EL-RUFAI’S BATTLEGROUND: ADC Chieftain Demands Immediate Action From Northern Elders In Shocking Statement!.
Former North-West National Vice Chairman of the African Democratic Congress (ADC), Jafar Ibrahim Sani, has called upon Northern elders and political leaders to advocate for strict adherence to due process regarding the legal situation facing former Kaduna State Governor Nasir El-Rufai.....KINDLY READ THE FULL STORY HERE▶
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Call for Solidarity: In a statement titled “El-Rufai, The North, Our Elders and the Test of Loyalty,” Sani criticized political stakeholders who abandon their associates during times of adversity, emphasizing that true loyalty is tested when challenges arise.
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Emphasis on Fairness: While acknowledging that opinions on El-Rufai’s public life vary, Sani maintained that personal or political disagreements should not compromise the pursuit of fairness and the rule of law.
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Pursuit of Justice: He urged stakeholders to support a legal process that ensures transparency, noting that a fair trial should ultimately follow whatever outcome the courts lawfully determine.
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TACTICAL TAKEOVER: US Military Lands In Bauchi To Launch High-Stakes Drone Training For Nigerian Troops!.
The United States Africa Command (AFRICOM) has announced a collaborative military training initiative with Nigerian forces in Bauchi State, designed to enhance security cooperation, combat readiness, and bilateral relations between the two nations.....KINDLY READ THE FULL STORY HERE▶
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Scope of Training: According to an AFRICOM report, the program covers several key areas chosen by Nigerian leadership, including small-unit tactics, weapons familiarization, explosive ordnance disposal, water treatment and testing, camouflage techniques, and Combat Lifesaver/Tactical Combat Casualty Care instruction.
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Unmanned Aircraft Systems (UAS): The drone training drew significant focus, with U.S. intelligence personnel guiding members of the Nigerian Air Force Special Forces Regiment through both instructional sessions and hands-on operational practice.
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Strengthening Interoperability: Officials highlighted that the joint exercises extend beyond technical skill development, fostering vital working relationships and tactical cooperation at the foundational levels of both militaries.
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