Naira Policy: "Buhari’s Order Against Supreme Court Could Lead to Chaos, Anarchy," Ozekhome Raises Alarm
- President Muhammadu Buhari has been accused of exhibiting tendencies of a military tyrant in a democratic dispensation
- The allegation was made by a Senior Advocate of Nigeria, Mike Ozekhome, on Friday, February 17
- Ozekhome condemned the president's order countering a Supreme Court's ruling on the new naira redesign policy
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A Senior Advocate of Nigeria, Mike Ozekhome, has warned that the recent order given by President Muhammadu Buhari on the new monetary policy could lead to chaos and anarchy in Nigeria.
The Punch reports that Ozekhome said it is wrong for President Buhari to disobey the Supreme Court's order on the deadline for swapping the old naira notes for new ones.
In a statement released on Friday, February 17, Ozekhome described the order by the president that the N200 notes remain legal tender until April 10 while N500 and N1,000 cease to be legal, as a "dicta, more in the form of a military Decree."
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He also said Buhari's order is a clear violation and disobedience of the existing order of the Supreme Court, as the apex court had already said the status quo should be maintained for all parties involved in the naira re-design dispute.
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He added that every Nigerian had expected the president to obey the law but the president has shown that he possesses the traits of an emperor and overlord.
“Buhari’s broadcast to the nation therefore literally overruled the Supreme Court of the land, in a way and manner only a military tyrant could ever contemplate.
“Buhari’s action is a reminder of the apocryphal saying of autocratic and despotic Emperor Louis XIV, who, on 13th April, 1655, stood in front of Parliament and imperiously declared, ‘L’Etat C’est Moi (I am the State)”. This was to underline the fact that he and he alone, had absolute power over his Nation.'”
Supreme Court must take action
Ozekhome further urged the Supreme Court not to let the action of the president slide as no one is above the law of the nation.
Cash crunch: "Compel Tinubu, APC leaders to release hoarded naira notes," PDP tasks Buhari
Meanwhile, the 2023 presidential candidate of the All Progressives Congress, Bola Tinubu, has been accused of planning the current cash crunch.
The allegation was levelled against Tinubu by the leadership of the Peoples Democratic Party (PDP) on Thursday, February 16.
According to the PDP, Tinubu and other leaders of the ruling party are hoarding naira and thus causing pain and hunger among Nigerians.
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The government of Lagos state has joined some state governors to condemn the new naira redesign policy of the Central Bank of Nigeria led by Godwin Emefiele.
Naira scarcity: Another top APC governor joins El-Rufai, Ganduje, kicks against Buhari, Emefiele's policy
The Lagos State Attorney-General and Commissioner for Justice, Moyosore Onigbanjo (SAN) said the rejection of the old notes is contrary to the Supreme Court’s stand.
Onigbanjo condemned President Muhammadu Buhari's February 16, broadcast message which approved that only the old N200 notes continue to remain legal tender.