Connect with us
Advertisement

Nigeria News

Naira Scarcity: 10 Days Is Long Enough To Comply With Supreme Court Order – ACF Blasts Buhari, CBN

Published

on

Naira Scarcity: 10 Days Is Long Enough To Comply With Supreme Court Order - ACF Blasts Buhari, CBN
Advertisement

The Arewa Consultative Forum (ACF) has knocked President Muhammadu Buhari over the continued non-compliance with the Supreme Court order on the old naira notes.

The ACF in a statement on Sunday by its Secretary General, Murtala Aliyu warned that continued disobedience to the Supreme Court ruling which ordered that the old N500, and N1,000 notes should return to circulation could lead to the breakdown of law and order in Nigeria.

Aliyu also berated the Central Bank of Nigeria (CBN) saying the apex bank should have complied with the order of the Supreme Court even as it is clear the policy has brought untold hardship to Nigerians.

The ACF scribe warned that both Buhari and the CBN have so far not demonstrated that they are obedient to court orders which may be sending a wrong message to Nigerians about their respect for the rule of law.

Advertisement

He argued that, “Whatever the CBN or anyone else says about the benefits of the policy, which evidently are many, is of little comfort as soon as the highest court in the country has deemed that it is, or, at least the manner of its implementation, breaches the law.

“Ten days is long enough time for the government to find its way towards complying with a court order which is central to the achievement of peace, order and good governance in the country. President Buhari is under oath to defend the constitution of Nigeria. As his long term supporters, it will be remiss of us if we fail to warn that the much touted benefits of the Naira redesign can never justify the damage to his credentials as a democrat and a stickler for the rule of law.

“This is quite a part from the real possibility of the crisis morphing into a serious social disorder leading to the possible breakdown of law and order throughout Nigeria. We do not believe nor can we advise him to pay such a heavy price on account of a policy whose immediate goals are not entirely clear to a majority of Nigerians.”

Advertisement

The ACF chieftain observed and lamented the discomfort the new naira policy has brought on Nigerians “as people struggle to get the new cash which has remained extremely scarce, which has triggered riots and other forms of civil unrest.”