Naira crisis: FG, CBN must respect Supreme Court, says APC

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    The All Progressives Congress has called on the Attorney General of the Federation and the Governor of the Central Bank of Nigeria to respect the Supreme Court order of interim injunction on the Naira note re-design.

    The APC National Chairman, Abdullahi Adamu, said the appeal was part of a resolution reached during an emergency meeting between the party’s governors and members of its National Working Committee on Sunday in Abuja.

    Adamu, who spoke to newsmen at the end of the closed-door meeting, said the meeting also urged the President, Major General Muhammadu Buhari (retd), to intervene in resolving issues caused by the new Naira note re-design and the cashless economy policy.

    The Supreme Court had in a ruling granted an interim injunction that the CBN and the federal government should suspend the implementation of the Feb.10 deadline for the expiration of the legal tender status of the old N200, N500, and N1000 notes.

    This, it said, should be pending until the hearing and determination of a suit before it is slated for Feb. 22.

    Buhari had however on Feb. 16, announced that only the old N200 note would remain valid until April 10, while the old N500 and N1000 notes had lost their legal tender status, contrary to the ruling of the apex court.

    “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.

    “That we urge the Attorney General of the Federation and the Governor of the Central Bank of Nigeria to respect the Supreme Court order of interim injunction which is still subsisting.

    “That the meeting is urging his Excellency, President Buhari, to intervene in resolving issues that are causing this great difficulty to the economy,” Adamu said.

    He added that contrary to speculations, the party’s leadership and governors elected on its platform under the agies of the Progressives Governors Forum were on the same page on this matter.

    Also speaking, Gov. Abubakar Badaru of Kebbi and Chairman PGF, expressed satisfaction with the party’s ongoing presidential campaign across the country.

    “The Director-General of the campaign and indeed, governors and the party’s candidates across the country have been doing a tremendous job of mobilising the Nigerian populace.

    “And we are very impressed with the support of the majority of Nigerians,” he said

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