President Muhammadu Buhari has been requested by the Socio-Economic Rights and Accountability Project (SERAP) to outline the steps his government is taking to abide by the most recent Supreme Court ruling regarding the redesign of the naira.
The Central Bank of Nigeria must continue to accept the old N200, N500, and N1,000 notes from Nigerians, according to a ruling by the Supreme Court last week that extended the validity status through December 31. The President’s order to redesign the new notes without proper consultation, according to the Court, is unlawful.
SERAP urged Buhari to “disclose details of the measures your government is taking to immediately and effectively obey the Supreme Court decision extending the validity of the old N200, N500, and N1,000 notes, and directing the Central Bank of Nigeria (CBN) to continue to receive the notes from Nigerians” in a statement released on Sunday by its deputy director Kolawole Oluwadare.
Additionally, the rights organisation requests that the President “publicly instruct the CBN to immediately and effectively implement the Supreme Court decision ordering an end to the cash withdrawal limits imposed by banks because such restrictions violate Citizens’ right to freely use their Property.”
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“There is an overriding public interest in disclosing the details of the measures your government and the CBN are taking to effectively and satisfactorily obey the Supreme Court decision,” the statement read.
“Disclosing the measures that your government and the CBN are taking to implement the Supreme Court decision would also enable Nigerians to monitor and scrutinize the level of compliance with the decision.
“The public should not be kept in the dark on what your government and the CBN are doing to implement the decision. Widely publishing the implementation measures would also improve accountability of state officials and public confidence in the rule of law and Nigeria’s democracy.”
