Tinubu urges CBN to obey S/Court ruling on naira swap policy


By Disun Amosun

All Progressives Congress, APC presidential candidate, Asiwaju Bola Ahmed Tinubu has called on the Central Bank of Nigeria, CBN to ensure that Wednesday’s Supreme Court ruling, giving an interim injunction against the CBN and the FG against enforcing the extended February 10 deadline for the currency swap and cashless policies that have subjected the masses to pains is obeyed and effectively executed.

Tinubu in a release on the injunction called on the CBN to, in the interim pending the determination of a suit on the matter filed by three Progressives governors on behalf of all the 36 states chief executives, ensure sufficient availability of naira notes, whether old or new, as well as proper sensitization of the public on the ruling and the validity of the old naira notes.

The APC Presidential Candidate hailed the Governors of the 36 states for standing on the side of the Nigerian people over the Central Bank new Naira and cashless policies that have subjected the people to untold hardship.

According to Asiwaju Tinubu, the Governors especially the APC Governors who instituted the suit against the CBN and Federal Government at the Supreme Court acted well on behalf of the hapless Nigerians who have been made to bear the brunt of Naira redesign policy that has been poorly implemented

It would be recalled that the Supreme Court on Wednesday morning in a law suit brought before it by the governments of Zamfara, Kogi and Kaduna States gave an interim injunction against the CBN and Federal Government, allowing the old N200, N500 and N1000 to remain legal tender beyond February 10 deadline until the case is fully disposed.

Following the apex court ruling, Asiwaju Tinubu noted that the governors have saved the country from a needless political and economic crises and miseries which have clearly become the unintended consequences of the monetary policy of the apex bank.