Tinubu, APC govs beg Buhari, Malami to respect S’Court

Ahead of Saturday’s presidential poll, the ruling All Progressives Congress has pleaded with President Muhammadu Buhari to comply with the Supreme Court’s injunction aimed at easing the prevailing cash crunch in the polity.

APC’s National Chairman, Senator Abdullahi Adamu, who briefed reporters on the outcome of the meeting held behind closed-doors, said it behooves the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, to wade in on the issue. “We urge the AGF and the CBN Governor to respect the Supreme Court order of interim injunction, which is still subsisting. The meeting is urging Mr President to intervene in resolving issues that are causing these great difficulties to the economy.”

AMID ongoing hardship that has trailed the CBN’s new naira policy, President Buhari, yesterday, appealed for more patience from Nigerians five days to the general elections. The economist said: “Most people have moved away from cash for a long time. The policy will not in any way affect the economy, except for people who live from hand to mouth and possibly do not have bank accounts. These are traders, transporters and others in the informal sector.

The old N200 notes, The Guardian reported last week, would inject N222 billion into the economy and possibly ease the current cash squeeze, albeit slightly. Whereas the N200 bills were only seven per cent of the currency in circulation as at last year, while N500 and N1,000 notes made up N2.65 trillion or 82 per cent of the total N3.23 trillion physical cash in the economy then.

A banker told The Guardian, yesterday, that he “is not aware of the availability of N200 bills and whether customers could get the notes at banks this week.” Nwanisobi was reached for some clarification on the current status, especially on the timeline for returning the demonetised notes and how soon the banks were expected to start paying N200 old notes, he was yet to respond at press time. The grace period for the old currency deposit was February 17.

The former DG of the Lagos Chamber of Commerce and Industry added that the current guidelines, which require filling of forms on the CBN portal and generating codes do not reckon with millions of illiterate Nigerians coupled with the Internet accessibility challenge.

Keep dreaming

This is the best legacy PMB wants to leave behind. If these vote buyers cried out blood they should not be listened to. Enough is enough!

🤣🤣🤣🤣

Keep begging while we move into election coming Saturday...APC can't eat their cake and still have it

Any preference in their asking? Court Order is Court, selfish politicians. What will begging by Tinubu & APC Governors do? Buying votes during election is barred by Buhari. Understand it!

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Old naira notes: SERAP drags Buhari, Malami, CBN to courtSocio-Economic Rights and Accountability Project (SERAP) at the weekend disclosed that it has filed a lawsuit against President Muhammadu Buhari over “the
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Naira policy: SERAP drags Muhammadu Buhari, Abubakar Malami, CBN to court - Xtra.netSocio-Economic Rights and Accountability Project (SERAP) said over the weekend that it had filed a lawsuit against President Muhammadu Buhari over 'the unlawful directive banning the use of old N500 and N1,000 banknotes, contrary to the interim injunction granted by the Supreme Court that the old N200, N500, and N1000 banknotes remain legal tender.'
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »

APC aspirant loses suit seeking Tinubu’s disqualificationThe Court of Appeal sitting in Abuja has dismissed an appeal filed by a former Minister of State for Education, Chukwuemeka Nwajiuba, seeking to disqualify the presidential candidates of the All Progressives Congress and the Peoples Democratic Party, Asiwaju Bola Tinubu and Atiku Abubakar, respectively.
Source: MobilePunch - 🏆 8. / 63 Read more »

Appeal Court dismisses suit against APC, Tinubu, others | The Guardian Nigeria News - Nigeria and World NewsThe Court of Appeal sitting in Abuja has dismissed an appeal filed against the presidential candidate of the All Progressives Congress (APC), Senator Bola Ahmed Tinubu.
Source: GuardianNigeria - 🏆 1. / 94 Read more »