Politics

BREAKING: Tinubu hails Supreme Court Judgement blocking Buhari, CBN Naira Swap

The All Progressives Congress Presidential Candidate, Asiwaju Bola Ahmed Tinubu has hailed the Governors of the 36 states for standing on the side of the Nigerian people over the Central Bank new Naira and cashless policies that have subjected the masses to pains.

According to Asiwaju Tinubu, the Governors especially the APC Governors who instituted the suit against the CBN and Federal Government at the Supreme Court acted well on behalf of the hapless Nigerians who have been made to bear the brunt of Naira redesign policy that has been poorly implemented

The Supreme Court on Wednesday morning in a law suit brought before it by the governments of Zamfara, Kogi and Kaduna States gave an interim injunction against the CBN and Federal Government, allowing the old N200, N500 and N1000 to remain legal tender beyond February 10 deadline until the case is fully disposed.

Following the apex court ruling, Asiwaju Tinubu noted that the governors have saved the country from a needless political and economic crises and miseries which have clearly become the unintended consequences of the monetary policy of the apex bank.

Asiwaju Tinubu noted that the Supreme Court ruling coincided with the advisory of the International Monetary Fund urging for the extension of the deadline for the swap of the old naira notes, going by the problems being experienced across the country in getting the new notes.

“I want to salute the courage of our Governors and most especially the Progressives Governors in APC who acted to save our country from avoidable and dangerous political crises and social unrest which the Central Bank policy on new Naira notes has brought on our country.

“Our country was dangerously careering toward anarchy and political and economic shutdown. But with the Supreme Court interim ruling our country has been pulled back from the precipice. We thank our Supreme Court Justices for ruling wisely on the side of the people who have been subjected to undue agony and pains since this policy was announced.

“The Federal Government and relevant stakeholders can now sit down and work out better framework on how to proceed with the new policy without causing any social and economic disruption and inconvenience to our people. We have examples of other countries that have successfully and seamlessly changed their currencies to learn from.

“Those countries give a long time, at least 12 months to effect the currency change. They do not engage in CBN-like Fire Brigade approach.

“We have seen how a good policy can be poorly implemented to cause unintended problems for the people who should be the beneficiaries. While lessons have been learnt, we must now move on as a country and people with a Renewed Hope for a better tomorrow.

“The sole aim of my running to be the president of our country is to make life better and more abundant for our people and this is an ideal for which I will remain eternally committed to.”

Asiwaju Tinubu called on the CBN to ensure that the Supreme Court ruling is effectively executed by taking all necessary steps to (i) ensure sufficient availability of Naira notes (whether old or new) and (ii) properly sensitising the public on the ruling and the consequent validity of old Naira.

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5 Comments

  1. The politician are not fighting for Nigerian ,they are fighting for themselves, Cashless policy is the best Nigerian for security reason.
    Politician should leave CBN and Buhari alone,

  2. There is no more need for this restraining interim ruling by the Supreme Court, because, majority of Nigerians have already complied with the CBN directive on submission of old notes.

    Therefore, ordering that old notes continue to be legal tender does not give Nigerians automatic access to their money.

    The Court Order should rather have been sought to compel both CBN and Commercial banks to ensure that every account holder is enabled to have easy access to withdraw money without queuing daily with frustrations and possible failure to receive payment.

    That’s how the Federal Government, the CBN and the Banks can reduce the sufferings of Nigerians at this critical time.

  3. BETWEEN THE LION AND THE LEOPARD; BETWEEN THE DEVIL AND THE DEEP BLUE SEA WHICH OPTION CAN ONE TAKE:
    Those who the devil wants to take, it will first make mad such that they can never descern the ordor ,charms and the ploys it will come up with.
    The sound of the beatings of the drums are over and the lames are walking back homes for their safety because when the trumpet makes a certain sound, the wise will put on their shoes and their passport ready at hand.
    Falsehood and the defence of the devil with a two face ;
    1) To make sure all the stacked old note in warehouses and in the bullion vans are brought to use to buy PVC during the election unhindered.
    2) For the present Governors to buy the mind of the present presidential canditate to find their way as cabals and chief decision makers at federal level, they have to court.
    Frankly speaking; though the timing is very impromptum for the swerve, let it not be that the devil and the lion will ever have any soft spot for the lamb.
    Nigeria is already in beween the devil and the deep blue sea and the only hope~bi to rescue Nigeria is tiling between the powerst of ethnicity and religion.
    Though the commanding influence may not be there, but the God God of the poor and the down trodden will make a name for Himself. He can bring down one and lift up another.

  4. Wickedness of the highest order. Playing politics with the life of innocent people of Nigeria. Money is life. Whom are they going to be rolling over,when people are dying with hunger. We need to fear God

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