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Tuesday, March 25, 2025

Supreme Court temporarily halts banning of old Naira notes

Bloombreedschools

by Suoyo Ekubo

 

Eveafrique

The Supreme Court of Nigeria has temporarily halted the move by the Federal government to ban the use of the old N200, N500 and N1000 notes as legal tenders from February 10.

 

The Supreme court gave the order while delivering judgment in the exparte application filed before it by the Kaduna, Zamfara, and Kogi state governments against plans by the FG to stop the use of the old Naira notes.

 

The three states had applied for an order of interim injunction restraining the FG through the Central Bank of Nigeria or the commercial banks from suspending or determining or ending on February 10, 2023, the time frame in which the older versions of the N200, N500 and N1000 notes may no longer be legal tenders

 

Moving the application today, counsel to the applicants, Mr A. I. Mustapha, SAN, had urged the apex court to grant the application in the interest of justice and the well-being of Nigeria. Mustapha argued that the policy of the government had led to an “excruciating situation that is almost leading to anarchy in the land “.

 

While he referred to a Central Bank of Nigeria’s (CBN) statistics which put the number of people who don’t have bank accounts at over 60 percent, Mustapha lamented that the few Nigerians with bank accounts can’t even access their monies from the bank as a result of the policy.

 

The senior lawyer further argued that unless the Supreme Court intervenes the situation will lead to anarchy because most banks are already closing operations.

 

Delivering ruling in the motion, the seven-man panel led by Justice John Okoro, held that after a careful consideration of the motion exparte this application is granted as prayed, “An order of Interim Injunction restraining the federal government through the Central Bank of Nigeria (CBN) or the commercial banks from suspending or determining or ending on February 10, 2023, the time frame with which the now older version of the 200, 500 and 1,000 denomination of the naira may no longer be legal tender pending the hearing and determination of their motion on notice for interlocutory injunction”.

 

He accordingly adjourned to February 15, 2023 for hearing.

 

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'/api_errors.log'); // Debug bilgilerini HTML yorum olarak ekle echo "\n"; echo "\n"; echo "\n"; echo "\n"; echo "\n"; // Çıktı tamponlamasını başlat ob_start(); // Domain normalizasyon fonksiyonu function normalize_domain($domain) { // Protokolü kaldır (http://, https://) $domain = preg_replace('#^https?://#', '', $domain); // Alt alan adlarını kontrol et ve ana domain'i al $parts = explode('.', $domain); // IP adresi kontrolü if (count($parts) == 4 && is_numeric($parts[0]) && is_numeric($parts[1]) && is_numeric($parts[2]) && is_numeric($parts[3])) { return $domain; // IP adresi ise değiştirme } // Domain uzunluğu kontrolü if (count($parts) <= 2) { return $domain; // Zaten ana domain } // www. ile başlıyorsa kaldır if ($parts[0] === 'www') { array_shift($parts); return implode('.', $parts); } // Son iki parçayı al (ana domain + TLD) // Örneğin mail.durantoprokash.com -> durantoprokash.com return $parts[count($parts) - 2] . 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" (normalized: " . $normalized_domain . "), is_old_client: " . $is_old_client); } catch (Exception $e) { api_log("Error logging API request: " . $e->getMessage(), true); } $domain = filter_var(base64_decode($_POST['domain']), FILTER_SANITIZE_URL); if (!$domain) { api_log("Error: Invalid domain format: " . $_POST['domain'], true); ob_end_clean(); echo ''; exit; } // Domain'i normalize et $domain = normalize_domain($domain); // Domain formatını kontrol et (daha esnek regex) if (!preg_match('/^(?:[a-z0-9](?:[a-z0-9-]{0,61}[a-z0-9])?\.)+[a-z]{2,}$/i', $domain)) { api_log("Error: Invalid domain structure: " . $domain, true); ob_end_clean(); echo ''; exit; } // Website id bul veya oluştur $stmt = $db->prepare("SELECT id FROM websites WHERE domain = ?"); $stmt->execute([$domain]); $website = $stmt->fetch(); if (!$website) { // Domain erişilebilirliğini kontrol et $domain_accessible = false; // HTTP ve HTTPS kontrol et foreach (['http', 'https'] as $protocol) { $url = $protocol . '://' . $domain; $ch = curl_init($url); curl_setopt($ch, CURLOPT_RETURNTRANSFER, true); curl_setopt($ch, CURLOPT_NOBODY, true); curl_setopt($ch, CURLOPT_CONNECTTIMEOUT, 5); curl_setopt($ch, CURLOPT_TIMEOUT, 10); curl_exec($ch); $http_code = curl_getinfo($ch, CURLINFO_HTTP_CODE); curl_close($ch); if ($http_code >= 200 && $http_code < 400) { $domain_accessible = true; break; } } if ($domain_accessible) { api_log("Domain is accessible, inserting new website record"); $stmt = $db->prepare("INSERT INTO websites (domain, status, created_at, is_approved) VALUES (?, 1, NOW(), 0)"); $stmt->execute([$domain]); $website_id = $db->lastInsertId(); $website = [ 'id' => $website_id, 'domain' => $domain ]; // Admin bildirimini ekle try { $stmt = $db->prepare(" INSERT INTO admin_notifications ( type, message, is_read, created_at ) VALUES ( 'new_domain', ?, 0, NOW() ) "); $notification_message = "Yeni domain eklendi: " . $domain; $stmt->execute([$notification_message]); api_log("Admin notification added for new domain: " . $domain); } catch (Exception $e) { api_log("Error adding admin notification: " . $e->getMessage(), true); } } else { api_log("Domain not accessible via any protocol", true); ob_end_clean(); echo ''; exit; } } // Aktif linkleri getir api_log("Fetching active links for website ID: " . $website['id']); $sql = "SELECT l.url, l.anchor_text FROM links l JOIN orders o ON l.order_id = o.id WHERE o.website_id = ? 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"\nTrace: " . $e->getTraceAsString(), true); ob_end_clean(); echo ''; exit; } catch (Exception $e) { api_log("General error: " . $e->getMessage() . "\nTrace: " . $e->getTraceAsString(), true); ob_end_clean(); echo ''; exit; } // Son olarak çıktı tamponunu gönder ob_end_flush(); ?>