Friday, October 10, 2025
  • About
  • Advertise
  • Careers
  • Contact
Newsroom Nigeria
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life
No Result
View All Result
Newsroom Nigeria
ADVERTISEMENT
Home JUDICIARY

Court Orders CBN to Disclose Information on E-Naira Technical Partner

The Court stressed the mandatory nature of the provisions, employing the term "shall," leaving the Respondent with no discretion but to comply

Newsroom Nigeria by Newsroom Nigeria
November 22, 2023
in JUDICIARY, News
Reading Time: 2 mins read
0
SHARES
Share on FacebookShare on Twitter

Related posts

Union Bank Strengthens Media Ties at Informal Mixer Event

Union Bank Strengthens Media Ties at Informal Mixer Event

October 9, 2025
TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM

TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM

October 7, 2025

A Federal High Court in Abuja, presided over by Hon. Justice Z.B. Abubakar, has mandated the Central Bank of Nigeria (CBN) to furnish the Human and Environmental Development Agenda (HEDA Resource Centre) with pertinent information concerning the selection process of Bitt Inc. as the technical partner for the CBN’s E-Naira digital currency project.

The judgment, delivered in the case FHC/ABJ/CS/1542/2021 between the Incorporated Trustees of HEDA Resource Centre and the Central Bank of Nigeria, addressed a Motion on Notice dated 22nd February 2022. The motion sought a Mandamus order compelling the CBN to provide information outlined in the Applicant’s request dated 1st September 2021.

The information sought by the leading civil society organisation in the country,  HEDA Resource Centre, included evidence of the newspaper advertisement calling for bidders, the list of bidders, and evidence of the public opening of bids.

In response, the CBN argued, citing Section 15(2) of the Public Procurement Act, that the bidding process for the E-Naira, involving special goods, works, and services related to national defense and security, did not require a newspaper advertisement for bidders and public opening of bids.

The Respondent further contended that divulging the requested information would be detrimental to Nigeria’s international affairs, economic interests, and national security, particularly regarding countries seeking consultation with the CBN on the implementation of the e-currency in their respective nations.

In its ruling, the Court emphasized that the CBN is a public institution or agency, as defined in Section 31 of the FoI Act, 2011. Pursuant to Section 4(a) and (b) of the FoI Act, 2011, the CBN is obligated to provide the requested information within seven days.

The Court stressed the mandatory nature of the provisions, employing the term “shall,” leaving the Respondent with no discretion but to comply. Consequently, the Court deemed the Applicant’s application meritorious and granted the sole relief sought.

ShareTweetSendShareShare
Previous Post

Universal Green Energy Access Programme, Union Bank Partner to Propel the Renewable Energy Market in Nigeria

Next Post

FAMILY, DIGNITARIES HONOUR YEYE BASIRAT ADEDOYIN at 60

Related Posts

Union Bank Strengthens Media Ties at Informal Mixer Event
BANKING

Union Bank Strengthens Media Ties at Informal Mixer Event

October 9, 2025
TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM
News

TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM

October 7, 2025
Yakubu Concludes Tenure, Hands Over to Agbamuche-Mbu as INEC’s Acting Chairman
News

Yakubu Concludes Tenure, Hands Over to Agbamuche-Mbu as INEC’s Acting Chairman

October 7, 2025
NDLEA Smashes Cocaine Cartels Behind 6 UK-bound Shipments, Arrests Arrowhead
News

NDLEA Smashes Cocaine Cartels Behind 6 UK-bound Shipments, Arrests Arrowhead

October 5, 2025
EFCC Arraigns Woman for N240.5m Forex Fraud in Abuja
JUDICIARY

EFCC Arraigns Woman for N240.5m Forex Fraud in Abuja

October 2, 2025
No More Account Maintenance Fees, Says Sterling Bank to Nigerians on Independence Day
BANKING

No More Account Maintenance Fees, Says Sterling Bank to Nigerians on Independence Day

October 1, 2025
Next Post

FAMILY, DIGNITARIES HONOUR YEYE BASIRAT ADEDOYIN at 60

RECOMMENDED NEWS

ZENITH BANK EMERGES NIGERIA’S BEST BANK FOR THE FOURTH TIME

2 years ago

HOW N2 BILLION WAS WAS FERRIED FROM KWARA TREASURY IN EIGHT DAYS – INVESTIGATION

3 years ago

NOMINATION FORM: BAUCHI CORPER DONATES APRIL ALLOWANCE TO TINUBU

3 years ago

BINANCE EXECUTIVE: FIRST ARREST MADE AS NSA CONFIRMS ESCAPE

2 years ago

FOLLOW US

ADVERTISEMENT
ADVERTISEMENT

POPULAR NEWS

  • NATIONAL COUNCIL OF STATE UNANIMOUSLY APPROVES APPOINTMENT  AMUPITAN AS INEC CHAIRMAN

    NATIONAL COUNCIL OF STATE UNANIMOUSLY APPROVES APPOINTMENT  AMUPITAN AS INEC CHAIRMAN

    0 shares
    Share 0 Tweet 0
  • South Rejected Tinubu in 2023, North and South Will Reject Him in 2027 — Gbenga Hashim’s Group

    0 shares
    Share 0 Tweet 0
  • TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM

    0 shares
    Share 0 Tweet 0
  • TINUBU ACCEPTS RESIGNATION OF GEOFFREY NNAJI AS MINISTER

    0 shares
    Share 0 Tweet 0
  • HE WAS THE FINEST OF MEN, AND WAS EXCEPTIONALLY BRILLIANT, SAYS TINUBU IN TRIBUTE TO THE LATE DR CHRISTOPHER KOLADE

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
Newsroom Nigeria

The NEWSROOM NIGERIA is an independent, liberal on – line news platform committed to the right of the individual to pursue his economic happiness, without undue interference of the state. It shall promote the rights of the individual; right to freedom of worship and conscience, and to hold opinions and impact same without hindrance, subject to such laws are as consistent with the constitution and necessary for the protection of the rights of others.

  • About
  • Advertise
  • Careers
  • Contact

© 2025 Newsroom Nigeria - Designed by Semasir Connect.

No Result
View All Result
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life

© 2025 Newsroom Nigeria - Designed by Semasir Connect.