Naira Scarcity: Buhari, CBN yet to take decision - Presidency

However, despite the Supreme Court order, most banks and businesses have stopped accepting the old naira notes as a legal tender, despite the scarcity of the new notes.

On Tuesday, the Governor of the CBN, Godwin Emefiele, indicated that the 10 February deadline had not been shifted, contrary to the Supreme Court’s directive. The CBN is not a party to the suit filed by the state governments. However, the Attorney General of the Federation, Abubakar Malami, has asked the Supreme Court to vacate its order and dismiss the suit by the state governments.

As the matter continues at the Supreme Court Wednesday, Nigerians continue to suffer from the scarcity of the new naira notes.

Cluelessness at it's peak. May we never witness this kind of heartless govt again

We no need cash

Hypocrisy In Presidency,The Real Person Who Is Controlling CBN GOVERNOR Is In Villa.

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BREAKING: Wike, Tambuwal, Sanwoolu to join legal battle against Buhari, CBN over Naira PolicyThree more states have joined a legal battle against the Federal Government over the controversial CBN Currency Swap policy which has led to a severe Naira Scarcity in the Country. POLITICS NIGERIA has learned that the Governments of Bayelsa, Rivers and Sokoto will be joining as co-plaintiffs in a suit filed by the governments of …
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »