Fri. Mar 1st, 2024

The disparities over whose authority supersedes another, where the old naira notes are concerned, continue. Governor Nasir El-Rufai says he will remain faithful to the Supreme Court order that affirms the old naira notes as legal tender as against President Muhammadu Buhari’s directive that only allows the old N200 naira denomination as legal tender.

The Kaduna state governor stated this on Thursday, February 16, in a 33-paragraph speech sighted on his officially verified social media account.
Recall that Governor El-Rufai and some other governors of the ruling All Progressive Congress (APC) are at loggerheads with President Buhari and the Central Bank of Nigeria (CBN) over the implementation of the new naira redesign policy that has barred the usage of the old naira notes and limited the availability of cash. Hence, El-Rufai and some APC governors filed a joint suit against the federal government and the CBN at the Supreme Court to impede the policy.
In its recent ruling, the apex court halted the CBN’s stipulated deadline for the usage of the old naira notes.
However, President Muhammadu, during a live telecast in the early hours of Thursday, February 16, said the federal government and the CBN would allow the usage of the old N200 naira notes for 60 days. Meanwhile, El-Rufai, in his speech, held a contrary view to the President’s declaration on national TV.
He said: “There is no reason why the old notes and the new notes should not coexist until the old notes are gradually withdrawn over the years as is done in the United Kingdom, Saudi Arabia and other countries.
“On behalf of the Kaduna State Government, I wish to assure you that none of you would lose the money you have in old notes. “Let no artificial and illegal deadline frighten you. Whether you live in towns, villages or in our isolated rural communities, do not feel stampeded to deposit your old notes in the banks. Hold on to them. “Continue to use them as legal tender as ordered by the Supreme Court of Nigeria. “No deadline can render them worthless, ever. The law is on your side.” “Emefiele and Others Want Military To Take Over, Plan To Make Nigerians Suffer,” El-Rufai Insists.
Meanwhile, Governor Nasir El-Rufai has accused the governor of the Central Bank of Nigeria, Godwin Emefiele and his backers of making life difficult for Nigerians for personal reasons.
According to him, Emefiele wants to cause so much hardship that would lead to rebellion and consequent military takeover.
The governor added that a retired army general will take over the country on an interim basis if sufficient chaos is created.

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