This photo is courtesy of MUHAMMADU BUHARI/FACEBOOK
12 minutes doesn’t pass
Ogbonge Nigerian lawyer Ayo Ademuliyi said 10 Nigerian state governors would turn to the Supreme Court to ask if they would put aside President Muhammadu Buhari’s statement that he was doing nothing wrong.
The governors of Lagos, Kaduna, Kogi, Zamfara, Ondo, Ekiti, Katsina, Ogun, Cross River and Sokoto states say the Buhari policy will extend the validity of old 200-naira notes by 60 days and replace old 500- and 1000 naira bills prohibited.
Di stated through the Attorneys General that “Buhari give the Supreme Court imsef judicial powers” to say the case is still going to court.
The applicants’ attorneys cite Section 232(1), Section 6(6)(b) and Section 287(1) of the 1999 Constitution, as amended, including the protection of the dignity of the Supreme Court and ensuring compliance with the Orders by all Pesine
Ademiluyi tells BBC Pidgin that President Buhari is committing no chargeable offence, adding that under the terms of the constitution, Nigerian lawmakers owe the historic duty of impeachment.
Ademiluyi say even if Dis state governors and some Odas don’t tell Dia Pipo to continue issuing the old naira bills, they’re not committing a crime for saying they’re obeying the Supreme Court injunction on Di Mata, we say they still make the old naira bills They act as legal tender until they do.
“The statement by the state governors is neither against the law nor against treason. In fact, they respect the country’s Supreme Court, unlike Mr. President,” the attorney said.
How the di Naira controversy begins
The Central Bank of Nigeria (CBN) is poised to implement a Dia Naira redesign policy to instruct Pipo to stop using old N200, N500 and N1,000 notes and accept new ones.
Due to complaints from Nigerians, CBN is extending the deadline to invalidate the old 200, 500 and 1000 naira notes from January 31 to February 10.
But the Supreme Court says the federal government, CBN and commercial banks must stay until they hear lawsuits from three state governors — Kaduna, Kogi and Zamfara — to challenge the policy.
The Supreme Court on February 15 adjourned hearing the lawsuit until February 22.
On February 16, President Muhammadu Buhari addresses Nigerians and says I am directing CBN to release the old 200-bills so Nigerians can continue to use them as legal tender.
Di President tok says di 200 Go will act as legal tender alongside the new 200, 500 and 1000 naira notes.
“In order to further ease the supply pressure, particularly for our citizens, I am not authorizing CBN, saying to bring the old N200 notes back into circulation, and allowing them to circulate as legal tender with the new N200, N500 and N1000 notes for 60 days from February 10, 2023 to April 10, 2023 when the old N200 notes are no longer legal tender,” Buhari tok said.
E say old banknotes will remain legal tender from February 10th to April 10th, 2023.
That is, the old 500 and 1,000 naira are no longer considered legal tender.