Naira: APC asks CBN, Nigerian Government to Respect Court Order

Naira: APC asks CBN, Nigerian Government to Respect Court Order


The governing All Progressives Congress (APC) has called on the Central Bank of Nigeria (CBN) and the Attorney General of the Federation to respect the Supreme Court order of interim injunction on the naira demonetization.
The APC National Chairman Senator Abdullahi Adamu stated this as one of the resolutions reached in a closed-door meeting involving him, the APC governors and the presidential candidate of the party, Mr. Bola Tinubu, at the party’s national secretariat in Abuja.
While speaking to journalists, Senator Adamu urged Nigeria’s President Muhammadu Buhari to work on finding a solution to the problems caused by the new naira note re-design and the cashless economy policy.
‘… Without prejudice or whatsoever to the case that is lying at the Supreme Court at this point in time that has to do with the issue of currency re-design,…
‘We note very seriously that the programme and its implementation is causing tremendous difficulties to the people of Nigeria and to the national economy. 
‘We urge the Attorney General of the Federation and the Governor of the Central Bank of Nigeria (CBN) to respect the Supreme Court order of interim injunction which is still subsisting. 
‘The meeting is urging his Excellency, President Buhari to intervene in resolving issues that are causing these great difficulties to the economy,’ Adamu said.
Recall that the Supreme Court had in a ruling granted an interim injunction ordering the CBN and the Federal Government to suspend the implementation of the February 10 deadline for the old 200, 500 and 1,000 naira notes to stop being legal tender.
President Buhari had, however, on February 16 announced that only the old 200 naira note would remain valid until April 10 while the old 500 and 1,000 naira notes still remain invalid.
Meanwhile, Governor Abubakar
Bagudu of Kebbi state and Chairman of the Progressives Governors Forum, for his part,
expressed satisfaction with the party’s ongoing presidential campaign across the country.
He explained that the governors were working in tandem with the party leadership and presidential candidate to achieve victory in the 2023 elections.
‘Director-General of the campaign and indeed governors and the party’s candidates across the country have been doing a tremendous job of mobilizing the Nigerian populace. 
‘And we are very impressed with the support of the majority of Nigeria,’ said Governor Bagudu.

In attendance at the meeting were governors of Kaduna, Kogi, Jigawa, Yobe, Zamfara, Plateau, Ekiti, Niger, Kebbi, Gombe, Lagos and Nasarawa states as well as deputy governors of Imo and Katsina states.
The party’s presidential candidate, Mr. Bola Tinubu, was also at the meeting.




Edited by Amaka E. Nliam

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