Naira Swap: Coalition Of Youths Commend Supreme Court Injunction

Jack Acheme Kano

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The Coalition of youths in Nigeria have commended the interim injunction given by the Apex court in Nigeria, the Supreme court, ordering the Central Bank of Nigeria (CBN) to temporarily suspend the February 10th deadline to end the swap of the old naira notes for the newly redesigned ones to circulate across the country.

It would be recalled the CBN, after the launch of the redesigned naira notes in November 2022, gave 46 days moratorium or swap window till the 31th of January, 2023. Based on reports, it later extended the deadline by 10 days to end on the 10 of February, 2023.

However, the Governors of Kaduna, Kogi and Zamfara states took the CBN to the Supreme court claiming that the new deadline for the currency swap was not feasible, for which temporal injunction was given in favour of the prayers of the Governors.

Arising from a meeting held in Kano state north Western Nigeria, the convener of the Coalition, Ibrahim Sulieman said members of the Coalition of the Arewa Media Activists and Civil Society Groups, salute the courageous efforts of the three APC Governors that took the CBN to the Supreme Court seeking interim injunction stopping the apex bank from ending the timeframe.

We salute them for stopping the CBN from ending when the now old version of the 200 500 and 1,000 denominations of the naira will no longer be a legal tender on February 10th, 2023.

“Challenges emanating from the Naira swap are really negatively affecting both economic and social well-being of the people,” he said

He said the group also commended efforts of the APC Governor’s Forum and the leadership of the National Assembly for standing against the swap deadlines of the redesigned naira notes.

And also for pursing the CBN and the President to reconsider the policy for better,” he said.

He explained that the group also decried the persistent fuel scarcity in the country, urging all concerned institutions, especially the NNPC to end the challenges posed by the fuel scarcity.

He stressed that the scarcity, if not ended, the presidential candidate of the APC, Bola Ahmed TInubu would end the scarcity when voted to power in the coming election.

We wish to call on all well-meaning Nigerians to remain calm, law abiding, prayerful and determined to vote for APC and Bola Ahmed Tinubu as the President in the up coming 25th February,2023,” he explained.

He said casting their votes for APC would bring about a united, prosperous, peaceful and egalitarian Nigeria.

 

Lateefah Ibrahim

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