Emefiele Arrives in Aso Rock, Speaks on President Buhari’s Broadcast
- Godwin Emefiele, the governor of the Central Bank of Nigeria, visited the presidential villa hours after President Muhammadu Buhari's broadcast on Thursday February 16
- Commenting on the President's broadcast on Thursday morning, the apex bank's governor urged Nigerians to adhere to the President's new directive
- President Buhari, during a live broadcast, announced that the old N500 and N1000 notes are no longer legal tender as against the Supreme Court injunction on the FG's naira redesign policy
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FCT, Abuja - Godwin Emefiele, the governor of the Central Bank of Nigeria, has urged Nigerians to adhere to President Muhammadu Buhari's directive on the deadline for the old N500 and N1000 notes.
According to The Punch, the Emefiele disclosed that he had meetings with no less than 14 leaders of commercial banks since President Buhari's broadcast on Thursday morning, February 16.
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After Buhari’s speech, Emefiele visits Aso Rock, speaks about directives on old naira notes
Source: Facebook
What Emefiele said about President Buhari's broadcast on Thursday morning
The apex bank governor disclosed this when he met with the President at the presidential villa hours after Buhari made a new announcement on the naira redesign policy.
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President Buhari, in a televised message, announced that only the old N200 note will remain legal tender until April 10, 2023.
The governor disclosed that his meeting with the executives of banks was to ensure an adequate supply of the N200 notes to suppress the suffering of Nigerians.
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Recall that the President declared that the old N500 and N1000 notes have ceased to be legal tender, contrary to the Supreme Court injunction.
He also said the old N200 notes would remain legal tender for the next 60 days, as he urged Nigerians to return their old N500 and N1000 notes to the apex bank.
While noting that the issue is still before the supreme court, the President said his directive came after consulting with the representatives of the governors and the council of state.
Buhari's Broadcast: Has Mr President gone against Supreme Court? Fact emerges
Legit.ng earlier reported that President Muhammadu Buhari's broadcast on Thursday morning has been described as executive rascality.
Ebun-Olu Adegboruwa, an activist and senior advocate, said this while kicking against the president's move on the Supreme Court judgment.
The legal practitioner said Buhari is currently in contempt of court over his disobedience of the Supreme Court ruling on the federal government's naira redesign policy.
Source: Legit.ng
