Connect with us

Business

Buhari Denies Emefiele, Says CBN Has No Reason Not To Obey Court Order On Naira Redesign

Garba Shehu, Senior Special Assistant to the President on Media and Publicity has in a statement said…

Published

on

BuhariEmefieleVerseNewsNG1
President Muhammadu Buhari and Godwin Emefiele

Garba Shehu, Senior Special Assistant to the President on Media and Publicity has 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.

VerseNews Nigeria earlier reported that the Supreme Court of Nigeria had on Friday March 3 declared that old N200, N500 and N1000 notes valid legal tenders

Justice Emmanuel Agim while giving his judgement said “there is no justification to the limitation of money in circulation and the disobedience of president Buhari is a sign of failure of our democracy.”

Despite the court order, banks and Nigerians have failed to accept the N500 and N1000 old notes as legal tender insisting that President Muhammadu Buhari or Emefiele should give a confirmation address on the subject matter.

Advertisement

However, the statement argued that the Buhari has no intention to obstruct the administration of justice in the country or interferes with the responsibilities of the Apex bank.

RECOMMENDED FOR YOU  Supreme Court Officially Extends Validity Date Of Old N200, N500, N1000 Notes

It therefore urged the general public to stop negative campaign and personalised attacks against the President by the opposition and all manner of commentators is unfair and unjust.

DON’T MISS: Rejection Of Old Naira Notes Escalate Despite Supreme Court Order

The statement reads: “Following the ongoing intense debate about the compliance concerning the legality of the old currency notes, the Presidency therefore wishes to state clearly that President Buhari has not done anything knowingly and deliberately to interfere with or obstruct the administration of justice.

“The President is not a micromanager and will not, therefore, stop the Attorney General and the CBN Governor from performing the details of their duties in accordance with the law. In any case. it is debatable at this time if there is proof of willful denial by the two of them on the orders of the apex court.”

Advertisement

“negative campaign and personalised attacks against the President by the opposition and all manner of commentators is unfair and unjust”.

“As for the cashless system the CBN is determined to put in place, it is a known fact that many of the country’s citizens who bear the brunt of the sufferings, surprisingly support the policy as they believe that the action would cut corruption, fight terrorism, build an environment of honesty and reinforce the incorruptible leadership of the President.

“It is therefore wide off the mark to blame the President for the current controversy over the cash scarcity, despite the Supreme Court judgement. The CBN has no reason not to comply with court orders on the excuse of waiting for directives from the President.”

Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

IPOBVerseNewsNG1 IPOBVerseNewsNG1
News2 days ago

Convicted Without an Overt Act: The Catastrophic Pleading Failure at the Heart of Kanu’s Trial

A legal commentary by Onyedikachi Ifedi, Esq., has challenged the handling of the trial of Indigenous People of Biafra (IPOB)...

WhatsApp Image 2026 10 25 at 19.51.06 WhatsApp Image 2026 10 25 at 19.51.06
News2 days ago

Mazi Chris Nwaọgụ Exposes the Fake Sit-at-Home Scare: IPOB Rejects Alleged APC False-Flag Tactics

IPOB alleges judicial obstruction in Nnamdi Kanu’s cases, rejects sit-at-home rumours and raises concern over 68 transferred detainees.

WhatsApp Image 2026 10 23 at 19.09.13 WhatsApp Image 2026 10 23 at 19.09.13
News3 days ago

GUILTY BY IDENTITY: The State-Engineered Plot to Turn Biafran Heritage into a Crime

The sentencing of 48-year-old Paul Okechukwu to 20 years’ imprisonment by Justice Hauwa Yilwa of the Federal High Court in...

BREAKING: Presidency Defends Remi Tinubu’s ‘Akara Business’ Comment BREAKING: Presidency Defends Remi Tinubu’s ‘Akara Business’ Comment
Politics4 days ago

First Lady, Remi Tinubu Reveals When She Wants to Leave Aso Rock

First Lady Remi Tinubu has backed her husband’s 2027 re-election bid, saying she hopes to leave Aso Rock in 2031...

Dele Alake Dele Alake
Politics4 days ago

APC Accuses Atiku, ADC of Deepfake Plot to Discredit Tinubu’s Kaduna Rally

The APC campaign council has accused Atiku Abubakar and the ADC of planning to circulate manipulated content against its Kaduna...

Lagos-Calabar Highway Lagos-Calabar Highway
Politics4 days ago

Atiku’s Campaign Council Labels Tinubu’s 90-Day Relief Plan “Election Bait”, Demands Details

Atiku’s ADC campaign council has questioned the timing of Tinubu’s 90-day relief plan, demanding clear details on food prices, household...

Francis Duru Francis Duru
Entertainment5 days ago

BREAKING: Nollywood Actor Francis Duru is Dead, Family Release Statement, Shares Cause of Death

Francis Duru’s family has confirmed his death following a brief illness, as colleagues and fans mourn the veteran Nollywood actor.

Nnamdi Kanu Nnamdi Kanu
News5 days ago

One Law for Abba Kyari, No Law for Nnamdi Kanu: Omotosho’s Fourth Jurisdictional Collapse

In Mazi Nnamdi Kanu’s Case, where Kenya was the territorial state, Kenyan sovereignty, comity, and statutory double criminality were utterly...

PPE Preparation in an Ebola Clinic PPE Preparation in an Ebola Clinic
News6 days ago

Ebola in Nigeria: How to Protect Yourself, Symptoms to Watch and Where to Get Help

Following the confirmation of an Ebola case in Abuja, here is essential safety advice for Nigerians, healthcare workers and travellers,...

ebola alart ebola alart
News6 days ago

Ebola: WHO Advises Against Travel, Trade Restrictions After Nigeria Confirms Case

WHO has advised against travel and trade restrictions on Ebola-affected countries as Nigeria monitors 44 contacts following an imported case...

Advertisement