Respect Ruling of the Supreme Court on the Naira Swap Deadline, APC Chieftain Tells Buhari
- President Muhammadu Buhari has been urged to respect the recent ruling of the Supreme Court on the naira swap
- He said it would not succeed if the idea behind the naira swap is to create conditions that could mobilise electorates to vote against Asiwaju Bola Ahmed Tinubu
- Lukman added that people have raised concerns about how combination of cash squeeze and fuel scarcity can lead to unrest and possible postponement of the election
A member of the National Working Committee (NWC) of the ruling All Progressives Congress (APC) Mallam Salihu Moh Lukman, has challenged President Muhammadu Buhari to demonstrate his democratic credential by respecting the ruling of the Supreme Court on the Naira swap deadline.
The Supreme Court on Wednesday, February 8, had canceled the CBN’s February 10 deadline to end the validity of the old Naira notes as demanded by the APC government of Kogi, Kaduna and Zamfara states.
Reacting to the development through a statement titled 'Cashless Economy and Presidential Cabal', released Thursday in Abuja, Lukman, who is also APC North-west zonal chairman said if the cable's objective "is to frustrate the February 25, 2023 elections by either creating conditions that could mobilise electorates to vote against the APC and its candidates, especially Asiwaju Bola Ahmed Tinubu, God willing it shall not succeed.
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"As a member of APC, I can say with every confidence, this wouldn’t have been the objective. It is however worrisome how our party leaders are unable to convince Mr. President to have a rethink about the implementation of this policy. This has created all manner of frustrations both with the APC, across the country and across all segments of society.
"The only person that possibly is not frustrated with the policy is Alhaji Atiku Abubakar, Presidential candidate of the PDP who is supporting the policy, which is why many people argue that the ‘cabal’ around the President want Atiku Abubakar to win the election."
The APC chieftain said there are also other strong narratives about internal sabotage within APC based on how some powerful forces around President Muhammadu Buhari are opposed to the emergence of Asiwaju Bola Ahmed Tinubu, APC Presidential candidate as the next President.
According to the APC chieftain, God willing Asiwaju Tinubu’s APC government must be a remarkable improvement on President Buhari’s government whereby party leaders will through all our organs as provided in our constitution effectively and efficiently take all necessary decisions, which would be respected by Asiwaju Tinubu as President, God willing, and all elected representatives.
Lukman said people have raised concerns about how combination of cash squeeze and fuel scarcity being experienced in every part of the country can lead to unrest and possible postponement of the election.
CBN to reveal next move as Supreme Court halts banning use of old naira notes after Feb 10 deadline
The Central Bank of Nigeria (CBN) will have to make a decision in the next few hours following a decision from the Supreme Court to halt the phasing out of old N1000, N500, and N200 notes by February 10, 2023.
Justice John Okoro, who presided over the Supreme Court panel on Wednesday, February 8, restrained the federal government from suspending, deciding, or discontinuing the usage of old naira notes until it decides after an application from three northern governors.
Legit.ng had reported that three northern states had specifically applied to the Supreme Court to allow the use of now older naira notes after CBN's deadline date.