Naira Swap: Respect Supreme court order, Adamu urges AGF, CBN

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The National Chairman of the All Progressives Congress (APC), Senator Abdullahi Adamu called on the Attorney General of the Federation, Abubakar Malami and the Central Bank of Nigeria (CBN) to obey the Supreme Court order on the controversial naira swap policy.

Adamu made this call following a meeting he had with APC governors in Abuja over the Naira redesign policy that has caused rift between the Presidency and governors under the party.

The Supreme Court granted an interim injunction suspending the Central Bank of Nigeria’s February 10 ultimatum for the old N200, N500, and N1,000 as legal tender, but the CBN Governor, Godwin Emefiele, insisted on the deadline.

Also, President Muhammadu Buhari announced last Thursday that only the old N200 notes would be allowed to remain in circulation with the new denominations for only 60 days.

However, the APC chairman, who read the resolution of the meeting with the PGF, said, “We note very seriously that the currency redesign is causing tremendous difficulty to Nigerians.

“We urge the Attorney General of the Federation and the Central Bank Governor to respect the supreme court order of interim injunction which is still subsisting.

“The meeting is urging President Buhari to intervene in resolving the issues causing great difficulty to Nigerians.”

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