Senator Abdullahi Adamu, the National Chairman of the All Progressives Congress (APC), and the Progressive Governors Forum (PGF) demanded that the Federal Government adhere to the Supreme Court’s ruling on the contentious naira exchange policy on Sunday.
The call follows a meeting between Adamu and the APC governors in Abuja on a policy that appears to widen the gulf between the White House and the party’s governors.
Although CBN Governor Godwin Emefiele insisted on the deadline, the Supreme Court granted an interim injunction suspending the old N200, N500, and N1,000 as legal money as of February 10.
President Muhammadu Buhari, on the other hand, said last Thursday that only the old N200 notes will be permitted to circulate alongside the new denominations for just 60 days. This decision has come under fire from members of the President’s own cabinet.
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Nasir El-Rufai (Kaduna), Yahaya Bello (Kogi), Bello Matawalle (Zamfara), Abdullahi Ganduje (Kano), and Dapo Abiodun are some of the APC governors who have spearheaded the opposition to Buhari’s attitude (Ogun).
The resolution from the meeting with the PGF was read by the APC chairman, who began by saying, “We notice very seriously that the currency redesign is posing enormous challenges for 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.”
Currency shortages caused by the deadlock between the governors and the federal government have resulted in riots breaking out all over the country as people flood the branches of the apex bank to turn in their old notes.
