 And we're back with the breakfast and plus TV Africa time for us to go through the papers this morning We'll call it off the press Chris Cain in one do joins the conversation This morning by zoom Chris is good to have you join us. Good morning Thank you for having me. Good morning. All right, then let's take a look at the punch We set up for the punch new narrow notes or new narrow governors parties begin legal battle over CBN debt line Erufi Mata Wale Yahya Lo Sioux federal government demand extension court backs parties stop CBN Buhari from shifting date line EFCC Knaps a Booja Bank manager hoarding 29 million our new notes. These are the riders you find this morning court stops Lagos International Airport concession or Tom Sean's article campaign are you Slams governor or government Will hunt down 16 Nigerian killers in Burkina Faso. Well, how is good that to say I mean really when people begin to ask How about those who have killed Nigerians in Nigeria? We thought charity begins at home. There's also a picture The spin captured of what's going on partially of what's going on in Turkey following the Edquick you have underneath that picture. Well months as Edquick kills over 2700 in Syria and Turkey Talks disrupt rivers APC rally and destroys Vico 613 billion Sukho born or banned Spends on roads and bridges. That's what the federal government is quoted to say and Lowans Supreme Court's victory daylight robbery That's the what the camp of Bashir is quoted to say. That's the much we can take this morning Let's quickly go over to the nation now have some interesting headlines at the front page of the nation CBN The CBN snare swap issue takes out of the lead story in the Gwila space On that front page. Governors ask Supreme Court to halt CBN's Naira swap deadline Governor's ask Supreme Court to halt CBN's Naira swap deadline Kaduna Kogi Zamfara states see you Federal government for political parties get high court injunction to block extension EFCC arrest Bank officials official with 29 million era and units are some of the kickers or the riders rather to that story 3500 killed in Syria. Turkey earthquakes Buhari world leaders mourn. I think this takes it to the last I checked for two hours ago It was 4,300 really sad trial of a queer man who wife a child doctor begins while NLC or why NLC opted for consensus to pick leader and We have the Mirfield is Naira redesign dance and the general election is an opinion piece Nali analysis by law all or gay not born is managing the editor for the nation new super Katzina who hurry six two million votes for tenable that terrorists will be defeated says a PC candidate and Final two stories machine. I loses. You'll be a PC senatorial ticket to law one and 391,145 PVC is uncollected in Osho Warring statistic there if you ask me some headlights on the front page of the nation Well, we take our attention to the Guardian court restraints Buhari CBN on February 10 deadline three APC governor's you federal government of a naira scarcity or basaki backs cashless policy protesters accused banks of hoarding and selling naira notes to politicians for vote buying 14 political parties threatened to boycott elections if Naira redesign cash withdrawal policies are canceled Naseema CBN should have introduced 5000 notes not redesign. Wow. I mean, we could just hear a lot of things going on back a Spitfire over canoe now redesign and feels scarcity and just before move away You have a Katzina attack debt toll may exceed 100 as government urges resident to comfort to confront terrorists NIPC moves to improve FDI's reduce Niger's Apatite for loans That's not going to happen. That's so much we can take on the Guardian and a very final one as daily trust with these headlines Naira fuel crisis could hamper Niger elections World Bank I think this dovetails into some calls for election to be extended and then some people pointing at what the The head of INEC is saying had said last week with a logistic challenges that may be faced by the The electoral umpire. Well, the riders to that Kaduna, Zamfara, Kogi, Sioux federal government CBN as court stops extension 14 political parties threatened to boycott poll and Buhari must act to douse tension That's all the headlines there pictures of the unfortunate earthquake And the crisis going on in Turkey and Syria thousands of lives lost and caption under that death toll in Turkey Syria earthquake hits 3000 like I said and last I saw about two hours ago was that it come to about 4,000 plus NAF aircraft loses time makes emergency landing in Lagos AFC CRS a budget bank manager for hoarding 29 million Naira new notes and Buhari once killers of 16 Nigerians in Bokina Faso Purnish Purnish You may know of Supreme Court of Firm's law on his APC candidate IDP stranded as fire raises 200 houses in Borno Camp three soldiers wounded six villagers killed in Benu attack A Chris anyone is I guess is a the executive director African Governors and leadership initiates a rejoin says va zoom from Lagos or in Lagos Chris. Good morning to you Let's start off with them the you've been off Sectorial seat. I think the daily trust of a caption or captured that on his front page. What are your thoughts on the Supreme Court ruling? Yes, exactly Litigations in Nigeria, so as to say once And use a joint name Is to appeal to God And this instance the Supreme Court has put in that is what it is they have their reasons for Give me so you go join things and a lot of discussion on some in the what the Electoral Arts Stated and what the Supreme Court say there for me personally, I just Which some of the children come down from the Supreme Court now. I'm just looking at the Supreme Court as the weakest the weakest link and now at the workplace. I'm not saying to share it now Because there are some of the judgment that it has handed out to present that lots of men possibilities because if By the provision of the Electoral Arts instance, it's best it that I think a candidate cannot be called to different forms at the same time You cannot be contested by the president president and she want to also be contest for the machine and this is what has happened and It has not discovered precedent in the law once a judgment at the give it Then what the doubt suits that follows along that line to throw that line So and that is what's up on the start of a thing was umahi I don't mind he or I can't remember which one that came from Any of us also points Case that is so little related to such people the same way and that is what has happened back up my Appabio and now The president of the of the Senate I'm a lower and then that's what it is. There's not anybody can Think ask how they go out there with their hoops by President It's not in the joy of sports. Well, you know, I remember really vividly after the judgment of the court of appeal which was in February of his opponent. He came us saying that He's no longer moving for them for that or it's not going to challenge that judgment of Supreme Court And I handed over everything to Well, it's probably when he showed me. I don't know probably when it's all enjoyed meant if above my and Not about that. He said that them. I have some chances and that is what to do. That is what it is What about the fact that this this has been I mean you talk about Supreme Court and then the details of a, you know Lowance emergency. We've also talked about What's his name again? David Umahi and all these are candidates. I think an adabio to that list and all these candidates that Purchased presidential forms from their parties and Contested the party primaries and then popped up in senatorial elections in their states But quickly a follow-up before we move away from this headline The the Supreme Court was clear that there was or there were technicalities on which grounds they ruled in favor of Law and the Senate president and it says that them the the the appellate courts the lower courts Were wrong to have given their own decisions You know in favor of machina even though there was a split Judgment between the five member panel at the Supreme Court less by it by below the normal justice Centers in Wainey, but what the majority decision held is that them? Machina or to have Commenced his suit by a writ of summons going by the allegations of fraud against APC in transmitting law and slim to INIC that he didn't start his suit by a writ of summons And that's a technicality So can we give it to the Supreme Court that okay? They have gotten the decision right because of this technicality which is law I cannot in law you don't just jump in judgments You must read the whole judgment by lawyer to get the decision So I cannot just take a paragraph from what you've read and I now start Alluding some kind of Sensions to what the judgment that is not what we are taught in law So until I read the whole judgment the cause as it were then I can take a Conversation and make statements on that as I've said earlier It is the decision of the Supreme Court and as far as the issues consigned Supercut is a best cut in Nigeria and was it a technical decision on that matter? That is where it ends whether I can start it from the High Court Out of appeal the judgment of the Supreme Court is the Supreme so And the ground norm is the Constitution as we say So if it's based on the technicalities then the lawyers of the office of a mentor All right best Yeah, so as I said the judgment is what it is and they will have to just All right, let's take a look at the punch news before this morning the new narrow and The saga Scarcity of the new narrow Governors and parties have actually started legal battle over the CBN deadline and what are your thoughts especially when you have Three APC governors so the federal government and you know the ruling party is the APC and Also, I like you to comment on the fact that for team political parties I mean they have intentions of boycotting the elections If there's any possibility of cancellation or extending the period of for the Naira exchange As I've always said the new narrow policy is a very good policy initiated by the central bank of media And that is where the problem is is the implementation that is causing because even the CBR the CBR has That is a women power Effectively implement policies that it takes is In the best interest of the economy and the experience that is so CBN is within its mandate to put it in the implementation of these policies is what is giving so much of them and And Let's go. I'm sure you must have seen a video making the rounds social media just the last night And yes, they have this one of some bank officials jumping the fence just for them to escape from the crowd I was a that video is all over social media. I can go and check it out They were using I saw ladies even in skates blinding ladder of high walls Just to jump over the fence of their office from the back to escape. That is the level at which Continue and my problem is not the return Retrieving of any word. I've known it. I've not depositioned his own Well, it's on his own The problem is that I still have the new The problem is Central back not making enough new narrow not available for ninjas to process from what we had The certain back is retrieving about two trillion narrow from economy old loads. And we are hearing that they've not printed more than five five hundred billion New current new currents and that in itself is putting so much pressure in what of the five hundred Billion allegedly printed by them. How many are the bank is where you see the ackee-panky? On the court businesses being done by the pants since that is where Just yesterday a bank manager operational manager was arrested by a FCC for holding 29 million nine and new cash You know nothing in the in the bank with some weeks. We saw what's happening, you know, or your state We saw what's also happening some part of it. We also As soon as that is where the banks himself are sabotaging the effort of central bank. So with this new With this with this restraining order from the High Court in Appuja yesterday, that's That decision on It was them for political parties I think about both parties that went to court and They got the restraining order. So it's not just an iniquity factors about open Also about 50 political parties have come together to say that if the central bank extends the The deadline of February 3rd and they were caught in elections. So now in the serious Problem, I think that is something that central bank can can solve that. I personally personally asked me Message Kofi, I will say that we should not extend that let us retrieve Let us stop the issuance of this order and maybe this one that we make the past to release the money and make central bank Also print more they come up with a policy in such that individual can pick up five hundred thousand and then for Private account or individual account and five million are how come now they came up to say that if I just talk at the point Of them from issuing at new narrow nodes across Canada Then the now last week they come up with a policy of 20 million now that can show that shows the The summer thoughts in terms of policies knowing that this is that our banks doesn't seem to get it right And I've said it together God in a monthly site to become a politician and other than a banker. That was the day he lost it But as a stance today except as any order order from any court in the land We probably might come from the same sort of appeal then this string order by the court have to stand up means that by the 10th of February 12 midnight, then the issuance would be a thing of the past So, right? Yeah, let's see if I mean Looking at that scenario now, so we're going to have I Mean the CB and I've also said that it will be okay to Take this old note and get to the bank to deposit this money But what now happens because I think that the current society that we have is a combination of the new Note and the old note. So what happens if the old note? There's no longer a legal tender and then we don't have enough of the new note. We're not even Cash policy ready because you go to some of this business places They don't have the pure s and even when you want to carry out transfers on your phone you could take you forever because of you know Connectivity issues and that could probably be from the bank. So where exactly are we headed with all of this confusion? Let us not get it. Mr. You said that at expiration the expiration of your language you take your Ordinary That is wrong. That's what they did. That is not the diet. It was a drop on who would take down money to the central Not in the commercial that is the dieting of the Pressure in statement issued and I don't think that's been anything to the contract Now the we are running into serious If by the end of the week and just cannot access their money then that's good to be serious issues Central bank is not pushing that Problem we've already seen people stripping themselves in the banks you've seen the women these men stripping They have said you have seen the shoveling and in part it has gotten to a point where In Nigeria and died in the bank where I was trying to make transition or trying to Cure for money and the rest of them. That would be more chaos and if this is not living but hopefully the fact that we're having serious Petroleum issues Scassity this may not go all into what we're not able to have they'll be protested in some states like they do Your state and rest of them. I hope this will not spread by next and that in itself is going to bring to question and may affect the The 2023 election as it were as I said earlier on this is a policy We're taught that that's badly minted and that is what is happening and don't forget just as of this morning The transport workers already threatening that they're going to enjoy their services to I know I think he's banking on using about 100,000 vehicles for the election now that we are you as you said, we are they going to get it They're going to be designated police stations. We are these vehicles are pretty People cannot travel now because it won't you don't have the Naira to you don't even have the money to be I wanted to pick up money from the QS and yes As you get to give me 10,000 so it doesn't happen that can only give me 5,000 I say how much is it said see it was going to charge me 700 now for 500 that is over 10% On that amount and I can tell you go for a It is much much easier for you to get the dollars to buy the last night That is the point which we have now you even in there We're having we're having the parallel market and official market now for Naira Because what you ask nice? How much are you buying? How much are you buying? So that means that become disparate it just like what had to be dollars and foreign For a currency and this is not good enough. It's not it's done. So the presence of should give me seven days I don't know how did seven days go to laughs. I'm sure it has just a few hours a few days to go And they come out of court as a the worst angle We are coming back if now that judiciary is being called into this I know what suppose when the judge judiciary comes into issues like it We're going to we're going to sit on the very very long team I hope this will be resolved or not before the desperation of things So that might be ask are able to assess this one as it will All right, Chris. Let's look at the the next story of interest This was still I'll still go back to the daily trust and This is about the field crisis last night I asked a set of people on another program if If they would want to see it to be okay with the idea of extending the elections And every single person by maybe one or two said never hey So the wall bank has put its its mouth in this debate saying that the elections could be hampered by the Naira and fuel crisis and This is a wall bank. We're talking about here What are your thoughts on this? Well, it's obvious with that said the wall bank tell us what it is I am very sad that it's going to have a serious impact But I would like it or not what that is able to solve it between now and Which is more of a presidential and senatorial Addition or not, but there's going to be it's going to impact on this and Seriously, don't What I'm going to do where we're going to see of it is they're going to be more like put us apart You may you see that a lot of people might not be able to turn up the coach Because they are Distantive with the system and because they are going to feel bad. Why should they go? You know the mentality of our brain and you watch that In this kind of situation, so why would I go and waste my time and go and start QE when I don't even have My very good or generator when I don't have When I cannot feed because it's getting to that point Nigerians are finding it very very difficult to be messy mention of something about For the past 48 hours, I'm trying to make some From my account I cannot I find it difficult. I cannot do that when you get to the portal you enter the Is not even opening a Particular is not even opening. So what does that mean? That means I have to go back to the bank physically to go and And who blames you because the system the way it was programmed and the sturdiness of Yes, of where the cbn. They have not given the banks enough to expand their technology If initially they were they were servicing less than 10 people using that technology online There with the new cbn policy of it That means they had the most I've added about 90 more people to that and that in this Self is going to strain The network They have enough bandwidth to be able to handle that they have enough back ends Inhouse to be able to handle that expansion of such technology because it's not something that it's done within two days Or one week they must invest more in bringing on more pastaking and that is what is happening So you are talking of a cashless society Which you are not even expanding the necessary infrastructure to be able to capture that that is what the Nigerians are Nigerians are And you even talk to me of The average woman that sell lacquer on the road you want to sell like value more you want to sell the vegetable Is going to you go to the market now you want buy vegetable third woman Give me a country to transfer who will go to the most of them. I couldn't read it Not ready to so there is a total law in the economy and that is where we're saying so The one back report. It is just uh, it's just an addition to what we're doing And If this issue is not resolved within the next election is barely about Today's seventh is we have a barely about 18 days to the general election and we are still global This is the first time we are facing this kind of value the first 2015 election was because of the security possible spoon that of 2090 was consumed by one day because of logistics Pets what are we going to say? All right, then uh, Chris came the one to thank you so much. We have to let it at this point We appreciate your thoughts and as we proceed in 2023. We look forward to having you on the show There is god Chris you have naira notes with you. I mean, I don't know. We're looking for I don't know Mercier's For people at high school, I would have gone to take one or two from here. Don't even have where to move around. So Right now it's easier to get fuel than to get the naira. It's easier to get a dollar than to get the naira So That is what you know what people are doing now What we're doing now is that they are making transfers to some because their book. You don't need a cash from you Only just is just giving you a Just, you know collect your account number to transfer the money you want and they just give you a dollar cash But are you going to spend dollar at the market to buy vegetable and that is where the problem is Okay, that's a very valid question. Thank you for your time Thank you very much. Have a nice Chris K. Noado is executive director african governance and leadership initiative Well, that's the size of it. We take a break and when we return we'll be looking at a first Conversation right here for team political parties are threatening or have threatened to withdraw from the race If there's an extension, I mean so you have those who are for and those who are against this policy extension Whether you that would be the crux of a conversation when we return, please stay with us. Good morning