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Naira Notes Swap: You can’t veto Supreme Court decision, CDD slams Buhari 

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President Muhammadu Buhari
President Muhammadu Buhari
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The Centre for Democracy and Development (CDD) has taken a swipe at President Muhammadu Buhari over his decision to allow old N200 notes to continue as legal tender for 60 more days, saying he lacks the power to override the Supreme Court’s decision.

Recall that on February 8, the apex court temporarily restrained the federal government from banning the use of the old naira notes from February 10, 2023, pending the hearing of the matter on February 15.

Despite the court’s order, the Federal Government extended the validity of the old N200 notes till April 10, 2023.

The statement reads: “Centre for Democracy and Development (CDD) closely followed the Thursday morning broadcast by President Muhammadu Buhari on the crisis caused by the implementation of the Naira redesign and cash swap policy. The high point of the broadcast was the President’s approval of the recirculation of only the old N200 bank notes, alongside the redesigned notes till April 10, 2023.

“We note, with grave concern, the President’s decision to unfortunately take steps contrary to the position of the Supreme Court on a case concerning the policy; this is sub-judice. The apex court ruling on the implementation of the redesign policy is that the old notes remain legal tender until the court gives a final verdict.

“It therefore amounts to a flagrant disobedience and violation of the orders of the highest court in the land for the President to carry on as if the ruling of the Supreme Court is of no effect. CDD is convinced that this is an egregious affront on the rule of law, and the principle of separation of powers. In a constitutional democracy, which is anchored on the rule of law and separation of powers, the President’s action amounts to an unconstitutional power grab, which degrades our democracy.

“President Buhari’s decision has dire consequences for the 2023 general elections, which are less than 10 days away. Observers from all over the world are in Nigeria to witness the elections and report on the growth of the Nigerian democracy. This flagrant side-stepping of the Supreme Court’s decision does no good for our nation, the elections and the democracy we have collectively nurtured over the last 23 years. The President has no authority whatsoever to override any court in the land, talk less of the Supreme Court. CDD therefore calls on President Buhari to immediately purge himself of his unconstitutional overarch and align himself with the ruling of the apex court.

“For a government with a history of routinely disobeying court orders, this goes beyond the fine details of policy preferences. It is about respect for the courts’ critical institutions, which stand as pillars of our democracy, whether their verdicts sit well with the government or not.

“With less than 120 days to the end of the president’s second and final term in office, we believe this is a clear opportunity for President Buhari to loudly show his support for the rule of law, and live up to the promise he made to the Nigerian people to be a reformed democrat.”

 

 

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Ekiti Bureau Congratulates Oyebanji, Prioritises Curbing Capital Flight

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The Ekiti State Bureau of Local Content has congratulated Governor Biodun Oyebanji on his inauguration for a second term in office, pledging to prioritise efforts to address capital flight and strengthen the state’s economy.

The Bureau, in a congratulatory message issued by its management, and signed by the director of Admin Mr Tope Fasoyin, described the governor’s second-term inauguration as an opportunity to consolidate the achievements of his first tenure and advance policies aimed at promoting sustainable economic development in the state.

 

The agency reaffirmed its commitment to supporting the governor’s vision of retaining more economic resources within Ekiti State through effective implementation of local content policies.

 

It said efforts would be intensified to promote the participation of indigenous businesses in government projects, encourage patronage of locally produced goods and services, and create more opportunities for local contractors, suppliers, and service providers.

 

According to the Bureau, prioritising local content would help reduce capital flight, stimulate indigenous enterprise, create employment opportunities, and ensure that more economic benefits accrue to the people of Ekiti State.

 

The management also pledged to collaborate with relevant stakeholders to ensure that the governor’s economic development agenda is translated into tangible benefits for residents.

 

It expressed confidence that Governor Oyebanji’s second term would bring renewed opportunities for economic growth, investment, and sustainable development across the state.

 

The Bureau wished the governor a successful and impactful second term in office.

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Ekiti Assembly Confirms Apata, Oyebode as Commissioner-Designates, Approves 10 Special Advisers

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The Ekiti State House of Assembly has confirmed the nominations of Mr. Dayo Apata, SAN, and Mr. Akintunde Oyebode as commissioner-designates following their screening during plenary on Wednesday, October 28, 2026.

 

The Assembly also approved the appointment of 10 Special Advisers to support governance across key sectors of the state.

 

The Speaker of the House, Rt. Hon. Adeoye Aribasoye, presided over the plenary, during which the House considered nominations and other legislative matters forwarded by Governor Biodun Oyebanji.

 

According to a statement by the Chairman of the House Committee on Media and Public Affairs, Hon. Babatunde Oke, the two commissioner nominees were allowed to take a bow and leave after the Speaker acknowledged their previous service as commissioners and their familiarity with the legislative process.

 

Aribasoye noted that Apata and Oyebode had appeared before the House on several occasions, either for screening or to present their stewardship accounts, adding that their records were already known to lawmakers.

 

Following the Speaker’s remarks, members unanimously agreed to allow the nominees to take a bow and leave without further questioning. The House subsequently considered and confirmed their nominations.

 

Meanwhile, the screening of another commissioner nominee, Dr. Oyebanji Filani, has been rescheduled to Monday, November 2, 2026.

 

Filani had written to the Assembly to explain his inability to attend the screening scheduled for Wednesday and requested a new date, a request which the House granted.

 

In another development, the Assembly commenced consideration of the 2026 Supplementary Appropriation Bill, with the Leader of the House, Hon. Tolu Ige, leading the debate.

 

After the bill was read for the second time by the Clerk, the Speaker referred it to the House Committee on Finance and Appropriation for further legislative scrutiny. Other relevant committees were also designated to serve as sub-committees in the consideration of the bill.

 

The Assembly said it remained committed to expediting legislative business, including confirmation processes and consideration of bills, in the interest of good governance and service delivery to the people of Ekiti State.

 

The statement was signed by Hon. Babatunde Oke, Chairman of the House Committee on M

edia and Public Affairs.

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Bamidele Urges Lagos, Southwest States to Establish Regional Investment Compact

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Senate Leader, Senator Michael Opeyemi Bamidele
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The Leader of the Senate, Senator Opeyemi Bamidele, has called on the Lagos State Government and other Southwest states to establish a regional development and investment compact to accelerate infrastructure development, economic integration and regional prosperity.

Bamidele made the call on Thursday while delivering a keynote address at the Lagos Physical Planning Summit held at Eko Hotel and Suites, Victoria Island, Lagos, where he proposed a Lagos-Southwest Spatial Development and Investment Compact.

He said Lagos could not secure its long-term prosperity through isolated state planning, stressing that its economy was deeply interconnected with neighbouring states through labour markets, housing, agriculture, manufacturing, transportation, trade and environmental systems.

According to him, the proposed compact would provide a framework for coordinating cross-border infrastructure, developing regional economic corridors, strengthening environmental resilience and mobilising investments in projects that benefit multiple states.

Bamidele urged the Lagos State Government to move beyond treating physical planning as a routine governmental activity and embrace it as a coordinated system for delivering economic value, social welfare, environmental sustainability and regional prosperity.

He explained that achieving this transition would require a change in mindset, stronger institutions, reorganisation of investment priorities and closer alignment between development plans and implementation.

The Senate Leader proposed a collaborative framework involving Lagos, Ogun, Oyo, Osun, Ondo and Ekiti states, alongside relevant federal institutions, planning authorities, infrastructure agencies, private-sector operators, professional bodies and development partners.

He said the framework should prioritise regional transportation networks, complementary economic corridors, cross-border urban planning, environmental resilience and investment mobilisation.

Bamidele also urged Lagos to leverage the emerging digital revolution by expanding broadband infrastructure, smart-city technology, digital services, innovation hubs and technology-driven enterprises, while equipping its workforce with the digital skills required to compete in a changing economy.

He maintained that the future of Lagos would depend not only on the quality of its development plans but also on the determination with which they were financed, coordinated and implemented.

“We must connect physical planning to economic development, infrastructure investment to measurable public benefits, digital innovation to effective governance, and state-level priorities to regional cooperation,” he said.

Bamidele further emphasised the need for capable institutions, predictable regulations, transparent financing, responsible investment and sustained collaboration among governments, the private sector, professional institutions, communities and development partners.

He expressed confidence that a coordinated Lagos-Southwest development framework would strengthen regional economic integration, unlock investment opportunities and promote sustainable development across the six states.

 

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