Naira Redesign: ‘Disclose How You’re Obeying Supreme Court Orders’, SERAP Tells Buhari
Written by Olarotimi Oshin on March 6, 2023
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to reveal plans his administration is taking to obey the recent Supreme Court order on the naira redesign.
Last week, the Supreme Court extended the validity of the old N200, N500, and N1,000 Naira notes till 31 December, stating that the Central Bank of Nigeria must continue to receive the notes from Nigerians. The Court held that the president’s directive on the redesign of the new notes without due consultation is invalid.
Royal Times reports that SERAP in a statement on Sunday by its deputy director Kolawole Oluwadare, urged Buhari to “disclose details of the measures your government is taking to immediately and effectively obey the Supreme Court decision extending the validity of the old N200, N500, and N1,000 notes, and directing the Central Bank of Nigeria (CBN) to continue to receive the notes from Nigerians.”