The ruling All Progressives Congress (APC) in Nigeria has urged the federal government and the Central Bank of Nigeria (CBN) to respect the Supreme Court on the swap of the old naira notes.
The call was made by the National Chairman of the party, Senator Abdullahi Adamu and the Progressive Governors Forum (PGF) on Sunday.
The Supreme Court granted an interim injunction suspending the Central Bank of Nigeria’s February 10 ultimatum for the old N200, N500, and N1,000 as legal tender, though the CBN Governor, Godwin Emefiele, insisted on the deadline.
However, President Muhammadu Buhari announced last Thursday that only the old N200 notes would be allowed to remain in circulation with the new denominations for only 60 days, a position that has drawn criticism from members of the President’s own cabinet.
Some of the APC governors who have led the charge against Buhari’s stance are Nasir El-Rufai (Kaduna), Yahaya Bello (Kogi), Bello Matawalle (Zamfara), Abdullahi Ganduje (Kano), and Dapo Abiodun (Ogun).
Reading the resolution of the meeting, APC chairman, said, “We note very seriously that the currency redesign is causing tremendous difficulty to Nigerians.
“We urge the Attorney General of the Federation and the Central Bank Governor to respect the Supreme Court order of interim injunction which is still subsisting.
“The meeting is urging President Buhari to intervene in resolving the issues causing great difficulty to Nigerians.”
