APC asks Attorney General, CBN to obey Supreme Court order on Naira swap
The All Progressives Congress (APC) has asked the Attorney General of the Federation and Minister of Justice, Abubakar Malami and the Central Bank of Nigeria (CBN) to respect the Supreme Court interim order on the Naira swap policy.
This was part of the resolutions after a meeting of the party’s National Chairman Senator Abdullahi Adamu with the APC governors on Sunday.
The party said that the apex court’s order stopping the CBN from withdrawing old Naira notes from circulation still subsists.
The meeting had almost all the governors elected on the platform of the APC in attendance, with the party’s presidential candidate, Asíwájú Bola Tinubu also attending.
The party also called on President Muhammadu Buhari to urgently intervene to ease the sufferings of Nigerians and the economy following the Naira swap policy.
The governors of Kogi, Kaduna and Zamfara states had dragged the Federal Government before the Supreme Court, seeking an interim injunction barring the CBN from withdrawing old Naira notes from being legal tenders by February 10.
The Supreme Court gave the governors their demand, adjourning the case till February 15.
At its resumed hearing on February 15, seven other APC governors joined the suit, asking the court to stop the CBN from withdrawing old Naira notes. The Supreme Court then adjourned the case till February 22.
But while addressing the nation on Thursday, President Buhari said only the old N200 notes were to remain the circulation to be spent concurrently with the new notes till April 10, while the old N500 and N1000 ceased to be legal tenders, running foul of the Supreme Court ruling.
