Connect with us


COVID-19: CBN suspends cheques clearing instruments indefinitely


CBN: Ex-director lauds MPC over interest rate reduction

The Central Bank of Nigeria [CBN] on Monday suspended indefinitely, the clearing of cheques instruments in the Nigerian clearing system.

The apex bank said this in a circular released on Monday to all Deposit Money Banks and the Nigeria InterBank Settlement System.

The circular with reference number BKS/DIR/GEN/ClR/O7/002 was signed by the CBN Director, Banking Services Department, Sam Okojere.

The apex bank said in the circular that the directive became imperative due to the lockdown issued by the President, Major General Muhammadu Buhari (Retd) in Lagos, Ogun and the Federal Capital Territory.

The lockdown was to check the increase in the number of confirmed cases of the Coronavirus pandemic in the country.

MORE READING!  Domestic flights to resume June 21, says Sirika

The apex bank said in view of the lockdown and in furtherance of its effort to ensure hitch-free clearing and settlement activities, there is a need to suspend the clearing of cheques instruments.

The circular said the suspension would commence from March 31, adding that no fresh cheque instrument will be allowed to pass through the clearing system on that date.

It said only returned cheque would be treated on March 31.

The circular reads in part,

“Please recall that the first index case of COVlD-19 was recorded in Nigeria on 27th February, 2020 and since that date, there has been some level of increase in the number of confirmed cases in the country.

“The President, through a nationwide broadcast yesterday, announced a locked down in Lagos and Ogun States and the Federal Capital Territory for two weeks in the interim, starting from 11:00 pm. of March 30, 2020 as a means of combating the spread of the virus and to ensure the safety of all Nigerians.

“In view of these recent developments and in furtherance to the Bank’s effort to ensure hitch-free clearing and settlement activities, the Central Bank of Nigeria hereby suspend, until further notice, the clearing of cheques instruments in the Nigerian Clearing System starting from March 31, 2020.

“For the avoidance of doubt, no fresh cheque instrument will be allowed to pass through clearing system on March 31, 2020. Only returned cheque would be treated on the said date.”

The circular, however, said that settlement activities for electronic instruments would continue to hold during this period of suspension.

MORE READING!  Oyo records 10 new COVID-19 cases, total now 292


Reopening of churches: We await further details, says CAN



Coronavirus: Catholic church in Lagos suspends sprinkling of water, handshakes at mass over virus

The Special Assistant on Media and Communication to the Christian Association of Nigeria [CAN] President, Adebayo Oladeji, said the association was awaiting further details on the reopening of churches.

This comes as the Federal Government relaxes restrictions on churches and mosques as coronavirus[COVID-19] pandemic rages.

Oladeji said the Church is ready for the reopening and willing to follow the NCDC guidelines.

MORE READING!  Domestic flights to resume June 21, says Sirika

He said,

“We want to get the details before we will react fully. But in the interim, it is a welcome development. It is our prayer that God will surely deliver Nigeria from the pandemic in Jesus Name.

“If Christians and Muslims return to their worship places to pray for victory over COVID-19, God will surely answer us. The closure of the worship places is not acceptable to God. We thank God for opening the eyes of our government to the reality.

“The Church is ready for the reopening and willing to follow the NCDC guidelines and while waiting for them. We have already directed all churches to keep to the hygienic regulations whenever they meet and to pray for the victory over COVID-19. The new development is as a result of our meeting with the religious leaders.”

Continue Reading


Ogun inaugurates small claims court



The Ogun government on Monday inaugurated a Small Claims Court as part of efforts to bring justice closer to the people and ensure quick dispensation of justice.

The Chief Judge of Ogun, Justice Mosunmola Dipeolu, at the inauguration held at the State High Court, Isabo, said that the court was established to provide easy access to an informal, inexpensive and speedy resolution of simple matters.

According to Dipeolu, the court deals with simple matters such as debt recovery disputes, demands, and damages that do not exceed N500,000.

MORE READING!  Covid-19: India records 182,143 cases, 5,164 deaths

She said that the establishment of such a court was aimed at bringing justice closer to people at the grassroots level.

”The small claims court is targeted at some people who might find it difficult to hire the service of lawyers.

” The method of operation at the court is very simple. Litigants do not need lawyers to file claims or defend same and fees are also quite cheap and affordable,” she said

The chief judge added that the small claims court were time-bound, noting that the entire proceeding from inception till judgment was not expected to last more than 60 days.

MORE READING!  Sanwo-Olu dedicates first anniversary to frontline health workers in Lagos

She also said the operation at the small claims court would commence in six carefully chosen Magisterial Districts which were in Abeokuta, Ota, Ifo, Ijebu-Ode, Sagamu, and Ilaro.

The success of the court, she said, would determine to open in other magisterial districts.

Earlier, the chief judge had sworn in two magistrates–Mrs. Alaba Sakirat Yetunde and Siyanbola- Alli Aminate Abosede.

MORE READING!  Bayelsa shuts six churches for violating COVID-19 safety protocols

She urged the magistrates to uphold the ethics of the profession and dispense justice without fear or favor.

Continue Reading


Domestic flights to resume June 21, says Sirika



The Minister of Aviation, Sen. Hadi Sirika, has announced that domestic flights, which had been suspended since March due to the outbreak of coronavirus in the country, will resume on June 21.

A statement issued on Monday in Abuja by Mr. James Odaudu, Director of Public Affairs in the ministry, quoted Sirika as saying this at the briefing of the Presidential Task Force on COVID-19.

According to Sirika, the resumption of flights will be based strictly on the implementation of the approved protocols for the safe operations of the airlines.

“ The three-week period between now and the resumption date is to enable the operators adhere to all the necessary industry regulations, without which they cannot take to the skies after being dormant for some time.

“This is because aviation, unlike other sectors, is a highly regulated one,” he said.

The minister added that consultations had been on between the ministry and the industry’s stakeholders on the best ways to operate profitably, while, at the same time, ensuring the safety of travelers upon resumption.

MORE READING!  My girlfriend is troublesome, she poured salt into my new generator because I cheated- Nigerian man narrates

Sirika cautioned owners of private aircraft, who, he said, were in the habit of asking for permits to fly within the country despite the restrictions in place, to desist, as the restrictions were still in place.

“ Except for those on essential services, which have been clearly defined,” the minister added.

He said that since approval for flights on essential services was not being paid for, it would take little or no time to grant it.

MORE READING!  FG relaxes restriction on places of worship

Sirika warned against people allowing themselves to be scammed by those outside the approving authorities.
He pointed out that the sector, under his watch, had zero tolerance for corrupt practices since his assumption of office as minister.

The minister also expressed gratitude to the stakeholders in the aviation sector for their cooperation, in spite of their unquantifiable losses, occasioned by the lockdown since March.

MORE READING!  Oyo records 10 new COVID-19 cases, total now 292

He assured that everything humanly possible would be done to ensure speedy recovery of the sector.

Continue Reading