Supreme Court Vs FG: Prominent Arewa Governor Reacts As CBN Says Old Notes Remain Legal
- Governor Bello Matawale of Zamfara state has again commended the supreme court ruling that led to the suspension of the continued implementation of the FG naira redesign policy
- The governor said those who are accusing them of fighting against the implementation of the policy should have clarity of the objectives by now
- According to Matawale, they continued to fight against it even after the APC won the presidential election, and the compliance by the CBN is a victory for the common man
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Gusau, Zamfara - Bello Matawalle, the governor of Zamfara state, has said the recent ruling of the supreme court on the naira redesign policy and the compliance by the Central Bank of Nigeria is a victory for all Nigerians.
Zailani Bappa, the special adviser to the governor on media and communication, disclosed this in a statement on Tuesday, March 14, Tribune reported.
Source: UGC
How APC governors react to CBN compliance of the supreme court ruling on naira redesign policy
According to Matawale, the court procedures that led to the reversal of the harsh implementation of the CBN's cashless policy are for the well-being of common Nigerians and the country's micro-economy.
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The governor, one of the lead governors that initiated the court case at the supreme court, said those who accused them of going to court because of the election had been proven wrong.
He said they did not stop fighting for the reversal of the implementation of the policy even after the said presidential election.
Latest about CBN, Bello Matawalle, APC, 2023 election, old naira notes
Matawale added that they continued the fight even after the All Progressives Congress (APC) won the presidential election.
He said:
“All Nigerians can now sight a relief on this matter, and we expect more cash to be in circulation to ease our pains, while those who were unable to replace their old naira notes with the scarce new notes will no longer lose their hard-earned money."
Report banks rejecting old naira notes, Soludo tells Anambra residents
Legit.ng earlier reported that the governor of Anambra state, Charles Soludo, has disclosed that the CBN governor, Godwin Emefiele, has confirmed that the old N200, N500 and N1000 notes are now legal tender.
Soludo said that Emefiele confirmed to him via a telephone call after the meeting of the bankers' committee on Sunday.
The governor then urged the people of the state to do their business with the old notes and report any bank that failed to comply while promising to deal with dissenting banks.
Source: Legit.ng
