PRESIDENCY SAYS CBN HAS NO REASON NOT TO OBEY SUPREME COURT ON NAIRA REDESIGN

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Presidency on Monday said the Central Bank of Nigeria (CBN) has no reason not to comply with the Supreme Court order on naira redesign on the excuse of waiting for directives from President Muhammadu Buhari.
Senior Special Assistant to the President on Media and Publicity, Garba Shehu, in a statement, said the President never told the Attorney General of the Federation (AGF), Abubakar Malami; and the CBN Governor, Godwin Emefiele to disobey any court orders involving the government and other parties.
The highest court of the land had on March 3 ordered that old N200, N500 and N1000 notes remain valid till December 31, 2023.
This was after 16 states of the Federation instituted a suit to challenge the legality or otherwise of the introduction of the policy.

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