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New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN - Politics (5) - Nairaland

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Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by morakakin(m): 8:48pm On Mar 04, 2023
if by monday cbn no complie to the order make them arrest the cbn governor and fxxk him up well with brushing,before the they kick his wicked ass in jail with some hony hungry homos that with pound his ass very very well all day and every day.wicked motherfxxker

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Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by 0monnak0da: 8:48pm On Mar 04, 2023
Asour:



The Supreme court CAN rule on any matter brought before it.

The Supreme court has in the past ruled on Lands & boundary issues.
Are they experts in geology or Land surveying?

Hahaha.

You think the Supreme court only sits on Election adjudication?

The same Supreme Court ruled that women in Ibo land should be allowed to inherit their father's properties
Families can say the Supreme Court has no business in their family business

1 Like

Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by CaptainFM1: 8:49pm On Mar 04, 2023
HellVictorinho7:
nonsense

?
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Benwallt(m): 8:53pm On Mar 04, 2023
Rexxie234:
Tinubu may die before then shockedshocked(just speaking) Obi must take his rightful places as president, APC rigged this election. angry



I hate tinubu!!!

Tinubu no send u. You know him quite alright but he will never know you. So hate , hate and hate. It counts for nothing
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Asour: 8:53pm On Mar 04, 2023
0monnak0da:

The same Supreme Court ruled that women in Ibo land should be allowed to inherit their father's properties
Families can say the Supreme Court has no business in their family business


Let's deal with SPECIFICS here.

The very case you're referring to, did the plaintiff get the inheritance or NOT?

Let's not deal in conjectures .
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Lightorder: 8:54pm On Mar 04, 2023
Sammy07:
angry

May 30th, this guy should be in Jail.
Go jail him when the time comes .No be una Buhari dey instruct am. for now , keep enjoying your trade by barter
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by 0monnak0da: 8:55pm On Mar 04, 2023
BreconHills:


This is NOT monetary policy. Monetary policy has well established ways of mopping up excess cash. If you issue a bond at an attractive rate it will mop up currency. If you adjust bank reserve limits upwards, it will mop up currency.

This is not a currency change because in a currency change as the name implies one swaps old notes for new. This is naira confiscation because it deprives account holders access to their funds and undermines the relationship between the bank and the account holder. Every account holder has the right to withdraw his money in part or on whole from any commercial bank ON DEMAND. This right has been taken away - by what authority or what legislation?

Btw any court can make an orders or such ancillary orders as to give effect to his judgement. So the putting of a date on the currency swap period is well within the authority of the court.

Re my putting words in the mouth of the original poster. The original poster implied that the SC had no jurisdiction over the actions of the President because they relate to monetary policy. Sorry, but the Court has a right to hear cases brought before it. Secondly where any office holder holding power under the Constitution has their powers or the extent of those powers questioned then the court can decide if the said official or person has acted ultra vires or outside the scope of those powers.

In the President case, no President has the power to place limits on how much an account holder can take from his own account unless it is under emergency powers or an amendment of the CBN Act.

Anyone questioning the right of the Supreme Court to question the limits of a duly elected person's authority is a closet fascist who supports executive tyranny.
Not sure how issuing a bond with an " attractive rate" will mop up currency
It will do the opposite by increasing money supply
That is what they have done for the last 8 years
What would be the point? Borrow money to put in the CBN vault whilst paying attractive rate?
How will the rate be funded?
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by THISLIFE01: 8:55pm On Mar 04, 2023
Divoc19:
Nigeria is an enterprise to these people.
May God deliver us

True...
An enterprise & more like a game of chess to d key player's.
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by maasoap(m): 8:56pm On Mar 04, 2023
Rexxie234:
Tinubu may die before then shockedshocked(just speaking) Obi must take his rightful places as president, APC rigged this election. angry



I hate tinubu!!!

And your mother could die before then! Nothing is guaranteed grin grin grin
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by maasoap(m): 8:58pm On Mar 04, 2023
Ogbuefi2020:
Tinubu will destroy this country. Bribing everybody up and down from INEC to supreme Court.

SC already granted injunction before Tinubu won the election. Confused soul
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Havisco: 8:59pm On Mar 04, 2023
Na your papa go die before tinumbu resume office
Rexxie234:
Tinubu may die before then shockedshocked(just speaking) Obi must take his rightful places as president, APC rigged this election. angry



I hate tinubu!!!
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by 0monnak0da: 9:00pm On Mar 04, 2023
Asour:



Let's deal with SPECIFICS here.

The very case you're referring to, did the plaintiff get the inheritance or NOT?

Let's not deal in conjectures .
Irrelevant and unintelligent question
How am I supposed to know?
If she did not she knows what to do
That logic applies to every single Tort judgment of Which There are thousands
That is a tangential question relating to whether we are a democracy that obeys the rule of law
A totally different conversation that cannot be narrowed to one single judgment

You do not know the meaning of the word
Conjecture
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Casta: 9:04pm On Mar 04, 2023
Supreme Court has no business in monetary policies. Those shameless corrupt Supreme Court judges should burial their head in shame.

1 Like

Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by HellVictorinho7: 9:08pm On Mar 04, 2023
Flame333:




That's all you could wrote with all the empty thing down the headies...
nonsense
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by maasoap(m): 9:08pm On Mar 04, 2023
FreedomArmy:
So supreme court is now overseeing monetary policies in Nigeria? Wonders shall never end.

The laws guiding the operation of the CBN needed to be interpreted for both FG/CBN and SGs.

The daily limit on withdrawal is actually a good idea. This has drastically reduced kidnapping and other forms of criminal activities in the country.
You're jobless, still being fed by parents. We knew your type.

scholarsfunding:
Tinubu will destroy this country. Bribing everybody up and down from INEC to supreme Court.

Really? SC can't deliver judgement without anyone bribing them? Mumu.

Supreme Court don't hv business with monetary policy

Of course, they do. Court is the interpreter of laws, or maybe you didn't even know that CBN has law guiding it.

airsaylongcome:


You get it. Next thing now, SC will be giving ruling about what rate CBN should peg the dollar at
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Ijoba85: 9:09pm On Mar 04, 2023
Na your father go die ...stupid person
Rexxie234:
Tinubu may die before then shockedshocked(just speaking) Obi must take his rightful places as president, APC rigged this election. angry



I hate tinubu!!!
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by IfnobeGod20: 9:09pm On Mar 04, 2023
0monnak0da:


Once the Supreme Court speaks in a democracy there are no questions otherwise we don't have a democracy
There is nothing to debate
What you expect is irrelevant once the Supreme Court speaks
Supreme court justices are expected to be above board and if they refused to be above board, don't you think there would be constitutional crisis? The supreme court supposedly be the final arbiter of law but their interpretation of the law this day is often controversial. Let's see onwards as thing unfolds.
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by StJasper(m): 9:10pm On Mar 04, 2023
scholarsfunding:
Tinubu will destroy this country. Bribing everybody up and down from INEC to supreme Court. Supreme Court don't hv business with monetary policy

Idiot, I have some things for you:

1. What concerns Tinubu with this news?
Seems normal person can exist in your lineage without talking about Tinubu.

2. Have you ever seen the four walls of a university lecture theatre before? I don't if you have ever heard of the word "LAW" before.
You have become so daft to the extent that your rejected leaders have turned your skull into dustbin of stupid ideas.
The Supreme Court is the only court that can seat on any case involving any unit of the federation.

3. Do you still live in that imaginary world of belief that only Tinubu and his supporters are affected by the ill-timed and badly implemented policy?
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by HellVictorinho7: 9:10pm On Mar 04, 2023
0monnak0da:

Not sure how issuing a bond with an " attractive rate" will mop up currency
It will do the opposite by increasing money supply
That is what they have done for the last 8 years
What would be the point? Borrow money to put in the CBN vault whilst paying attractive rate?
How will the rate be funded?
spits
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by 0monnak0da: 9:11pm On Mar 04, 2023
Casta:
Supreme Court has no business in monetary policies. Those shameless corrupt Supreme Court judges should burial their head in shame.
Currency printing is not monetary policy.
However Monetary policy is subject to laws e.g CBN act
The Supreme court has business in every matter that where there is a law
Every single one
Go and read the constitution

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Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by 0monnak0da: 9:12pm On Mar 04, 2023
HellVictorinho7:
spits
on your father's bald head
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Asour: 9:13pm On Mar 04, 2023
0monnak0da:

Irrelevant and unintelligent question
How am I supposed to know?
If she did not she knows what to do
That logic applies to every single Tort judgment of Which There are thousands
That is a tangential question relating to whether we are a democracy that obeys the rule of law
A totally different conversation that cannot be narrowed to one single judgment

You do not know the meaning of the word
Conjecture



You are the one that doesn't know what conjectures are.
A conjecture is simply a supposition/hypothesis.


My first comment was whether the supreme court has a limit on what it can or can't sit on.

Go an reread my comment.

The fellow I quoted said the SC has no business with Monetary policy.

You used a statement "The Family can say".

That is a supposition. The family hasn't IN FACT said anything you factually know of. You are the one 'supposing' what the family 'can' say.

Now back to my point.

My comment wasn't about whether or not we will obey the SC. It was whether IT can sit on monetary policy issues brought before it.

Cheers.

Have a nice day.

Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by anyilalaz: 9:14pm On Mar 04, 2023
scholarsfunding:
Tinubu will destroy this country. Bribing everybody up and down from INEC to supreme Court. Supreme Court don't hv business with monetary policy

That is the sad reality. My pain is that the Supreme Court is making/creating a precedent that will come back to hurt us in the future. It could be CBN today, tomorrow NAFDAC, SON, and other regulatory agencies or bodies.

My Lord's at the highest court are only protecting their stolen and hidden old naira note. Remember, they don't save such money in bank.

2 Likes

Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by lexy2014: 9:14pm On Mar 04, 2023
FreedomArmy:
So supreme court is now overseeing monetary policies in Nigeria? Wonders shall never end.
The daily limit on withdrawal is actually a good idea. This has drastically reduced kidnapping and other forms of criminal activities in the country.

Pls do you understand the role of the judiciary in govt?

Do you also understand the judgement given by the supreme court?

Can you get a copy of d judgement and read it? If there's anything in the judgement you don't understand, pls let me know. I will be glad to enlighten you
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by 0monnak0da: 9:14pm On Mar 04, 2023
IfnobeGod20:

Supreme court justices are expected to be above board and if they refused to be above board, don't you think there would be constitutional crisis? The supreme court supposedly be the final arbiter of law but their interpretation of the law this day is often controversial. Let's see onwards as thing unfolds.
Not sure what you mean by above board or the relevance here?
Who judges when they are above board and how?
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by lexy2014: 9:18pm On Mar 04, 2023
anyilalaz:


That is the sad reality. My pain is that the Supreme Court is making/creating a precedent that will come back to hurt us in the future. It could be CBN today, tomorrow NAFDAC, SON, and other regulatory agencies or bodies.

My Lord's at the highest court are only protecting their stolen and hidden old naira note. Remember, they don't save such money in bank.

What precedence has the supreme court set by its judgement that will hurt nigeria tomorrow?

How do you know that "My Lord's at the highest court stole old naira notes and are protecting it"?

Where did they steal the old naira notes from?

Did you witness them when they were stealing the notes?

How much exactly did they steal?

How do you know what supreme court judges save in the bank or don't save in d bank?

1 Like

Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by fabolouz1(m): 9:19pm On Mar 04, 2023
Ridiculous .
However the court sheriff should be blamed if cbn hasn't been served .
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by lexy2014: 9:19pm On Mar 04, 2023
IfnobeGod20:

Supreme court justices are expected to be above board and if they refused to be above board, don't you think there would be constitutional crisis? The supreme court supposedly be the final arbiter of law but their interpretation of the law this day is often controversial. Let's see onwards as thing unfolds.

What is controversial about this CBN judgement?
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by AfroKnight: 9:20pm On Mar 04, 2023
FreedomArmy:
So supreme court is now overseeing monetary policies in Nigeria? Wonders shall never end.
The daily limit on withdrawal is actually a good idea. This has drastically reduced kidnapping and other forms of criminal activities in the country.

The court can decide if a monetary policy is illegal.
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by anyilalaz: 9:20pm On Mar 04, 2023
lexy2014:


What precedence has the supreme court set by its judgement that will hurt nigeria tomorrow?

How do you know that "My Lord's at the highest court stole old naira notes and are protecting it"?

Where did they steal the old naira notes from?

Did you witness them when they were stealing the notes?

How much exactly did they steal?

How do you know what supreme court judges save in the bank or don't save in d bank?


That's why common sense not common.
Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by Mercury12(m): 9:20pm On Mar 04, 2023
GOATandYAMtheory:
see name, Ogbuefi. Na dem Ojukwu descendants. Spent 8 years blaming Buhari for their woes...now, it's Tinubu. You guys are cursed aswear


Hahahaha. 😂

1 Like

Re: New Naira Notes: We Have No Information On The Supreme Court Ruling - CBN by udemzyudex(m): 9:21pm On Mar 04, 2023
scholarsfunding:
Tinubu will destroy this country. Bribing everybody up and down from INEC to supreme Court. Supreme Court don't hv business with monetary policy

But they said they have.

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