Naira redesign: Shehu Sani Tells Emefiele What He Will Go through When Buhari leaves office

• Godwin Emefiele may not have it easy after the tenure of President Buhari expires, according to Senator Shehu Sani
• The former lawmaker said the CBN governor will be like zebra in the hands of tigers
• Emefiele is behind the naira redesign policy that pitched the federal government against the president-elect, Bola Tinubu, and his camp in the APC

Senator Shehu Sani, a former Nigerian lawmaker and social critic, has predicted what will become of the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, when President Muhammadu Buhari leaves office on May 29.

In a statement posted on his verified Twitter handle on Saturday, March 4, Sani said the CBN boss’ situation would be like that of a “zebra in the hands of tigers”.

Emefiele is behind the controversial naira redesign policy that has made life difficult for Nigerians and pitched the federal and state governments against each other in the past few weeks.

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After introducing new N200, N500 and N1000 notes, the CBN announced January 31 deadline to phase out the old notes. The deadline was later moved to February 10 after realising many Nigerians had not been able to get the new notes in exchange for the old notes.

The President-elect, Bola Tinubu, and some governors in the All Progressives Congress have not found the naira redesign policy pleasant. Some state governments stepped in by asking the Supreme Court to stop the federal government and the CBN from implementing the February 10 deadline.

On Friday, March 3, the Supreme Court finally extended the validity of the old N200, N500, and N1,000 naira notes till December 31. It held that the president’s directive on redesigning the new notes without due consultation was invalid.

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In reaction to this, Sani believes Emefiele might not be getting any form of protection against those who tackled the policy when Buhari eventually becomes an ex-President later in the year.

See his tweet below:

Nigerians react to Shehu Sani's tweet

Sani's tweet got different reactions from Nigerians, as some said the CBN boss had already planned his exit.

brahim, SHEHU agara (MHR) @magmal11 commented:

"The guy has already planned his exit from the scene & out of the country. Already, his family has relocated abroad, so it's gonna be easy for him to do the Mazi Kanu style before ending up copying the Mrs. Deziani self exile trick.

"I believe, though, that he won't be disturbed."

PitObi Tormentor @tubas2003 said:

"EMEFIELE will face the consequences of his actions after May 29 remember he still has a case with DSS."

Achusi onye Abagana @chizobaachusi commented:

"No be small. But this affliction will not last for too long."

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CBN makes important announcement on old N500 and N1000 notes

The Central Bank of Nigeria backtracked on earlier reports that it asked Deposit Money Banks (DMBs) to accept old N500, N500 notes.

In a statement posted on Twitter, the bank referred to the message as fake news and referred Nigerians to the nationwide broadcast by President Buhari on Thursday, February 16, 2023.

The CBN spokesman had told media houses, including Legit.ng, that Nigerians could return old N500 and N1000 notes to commercial banks but capped it at N500,000 and below.

Source: Legit.ng