Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has met with President Muhammadu Buhari in Aso Rock, Abuja.
This is coming hours after the Supreme Court ruling of Wednesday stopped the February 10 deadline for the validity of old naira notes.
A seven-man panel of the Supreme Court led by Justice John Okoro, in a unanimous ruling, granted the interim injunction after an ex parte filed by Kogi, Kaduna, and Zamfara state governments.
The apex court also held that the Federal Government and the CBN must not continue with the deadline pending the determination of the hearing on February 15.
The outcome of the meeting is yet to be known but the visit by the apex bank chief is in connection with the ruling of the Supreme Court.
Meanwhile, the Coalition of Civil Society Organisations (CSOs) of Nigeria has said that the Supreme Court ruling is designed to enable corrupt politicians to share old N200, N500, and N1,000 notes during the February 25 and March 11 general elections.
“This order is only designed to help politicians in the sharing of old money during elections,” said the group’s National Coordinator, Obed Okwukwe at a press conference in Abuja on Wednesday.
-Advertisement-
READ ALSO: Naira swap: Nigerians react as Supreme Court suspends CBN’s Feb 10
Okwukwe rejected the ruling and urged the Chief Justice of Nigeria (CJN), Justice Olukayode Ariwoola to vacate the order.
The group further urged President Muhammadu Buhari to sign an Executive Order to overthrow the ruling of the apex court as he is empowered by Section 5 of the 1999 Constitution in Nigeria.
“We call on the President to exercise his constitutional power. We may suggest that he should make an urgent Executive Order to set the terminal date for the new currency to remain February 10, 2023, which he has the power to do under the law as the ex parte order made outside the jurisdiction cannot stop the Executive Order of the President,” Okwukwe said.
The Kaduna, Kogi, and Zamfara governments dragged the Federal government before the Supreme Court, seeking an extension to the February 10 deadline.
Before then, five political parties had taken the matter to the Federal Capital Territory (FCT) High Court and secured an order barring the Federal Government and the apex bank from any extension of the deadline.
The CBN on October 26, 2022, announced its plan to redesign the three banknotes. President Muhammadu Buhari subsequently unveiled the redesigned N200, N500, and N1,000 notes on November 23, 2022, while the apex bank fixed a January 31 deadline for the validity of the old notes.
We do everything possible to supply quality news and information to all our valuable readers day in, day out and we are committed to keep doing this.
Your kind donation will help our continuous research efforts.
-Advertisement-
-Want to get the news as it breaks?-
