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Naira: ‘Hypocritical for FG to propose out-of-court settlement with states’ – Wike

Amid the Naira crisis in Nigeria and pending case at the Supreme Court, Governor Nyesom Wike of Rivers State has said it is hypocritical for the Federal Government to propose an out-of-court settlement with aggrieved states, while at the same time undermining the outcome of the unresolved suit in the apex court.

POLITICS NIGERIA reports that the governor made this assertion during a media chat in Port Harcourt, the Rivers State capital on Thursday.

Governor Wike insisted that the interim order issued by the Supreme Court is still subsisting and must be respected by the federal government to the letter.

“Until that is done there is nothing anybody can do about it,” Wike said.

“The issue of N200 naira in circulation is neither here nor there. If they had pulled out of court then the president could come in. Having not pulled out of court and the interim order still subsists, we should obey it to the letter.”

He maintained that the FG’s claim that the naira redesign policy will curb corruption and vote buying is not tenable. According to him, the timing of the naira swap policy smacks of politics.

“So, we must consider issue of timing. Some people may say it is good to help fight corruption. I don’t believe so.

“As far as I am concerned, I believe that this policy is targeted at some people,” he said.

Governor Wike said he cannot fathom how a policy that the FG claim is intended to help the Nigerian economy, has now turned out to be its impediment.

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