Kaduna State Governor Nasir El-Rufai said state governors attempted to settle problems surrounding the naira redesign strategy with President Muhammadu Buhari, adding that the Supreme Court’s verdict on old naira notes is a triumph for Nigerians.
Remember that the Supreme Court overturned the Central Bank of Nigeria’s naira redesign scheme on Friday (CBN).
The previous N200, N500, and N1000 notes are still lawful tender until December 31, 2023, according to a seven-member top court bench.
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Governor El-Rufai told journalists following the ruling on Friday that the strategy was aimed to prevent the All Progressives Congress (APC) from winning the elections, but that the ruling party defeated it.
According to the governor, a full court of seven justices gave a unanimous judgment “7-0 that all our prayers to the court have been accepted. This is a victory for Nigerians.”
He said: “But this policy which was designed and targeted at a political party and its candidates has brought hardship on our people, this is why the three of us took the decision to come to the supreme court.
“We are APC members, the president of Nigeria is from the APC, but we disagreed with him on this policy and its implementation and when we tried everything to settle this behind closed doors, we had no option but to come to the supreme court.
“We are very grateful to the court for this unanimous decision and the orders it has given to the Federal Government of Nigeria to ensure that from today to the 31st of December 2023, the old naira notes of all denominations shall continue to circulate with the new naira notes. That is the major decision of the supreme court.
UPDATE: Banks To Start Over-The-Counter Payment Of New Notes
“The other decision of the supreme court is that the policy of currency confiscation where you deposit money in the bank and the bank chooses what to give you is unlawful and illegal.
“Nigerians can go to the bank and collect whatever they have deposited and get on with their lives.
“Those that said we went to the court because of elections are wrong. We went to court because our people in our states are suffering and businesses in our states are coming to a halt, lives were being destroyed, that’s why we went to court.
“We left elections in the hands of God and we all know the result. Although this policy was designed to ensure that we did not give them the essential edge in the elections, we have won.”
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