Old naira: Accept S’Court order, Islamic group urges Buhari

Old naira: Accept S'Court order, Islamic group urges Buhari


Wilson Adekumola

Islamic group, Muslim Rights Concern, on Saturday urged President Muhammadu Buhari (retd.), to intervene in the Central Bank of Nigeria’s naira redesign policy by adhering to the Supreme Court order.

The group’s Director, Prof. Ishaq Akintola, made the urge in a statement in Lagos.

Akintola also urged Buhari to acknowledge the Supreme Court’s pronouncement on the naira note swap.

Akintola said, “Millions of Nigerians have been going through excruciating pain, hunger and starvation since the Nigerian fiscal crisis began.

“Thousands of Nigerians are, therefore, forced to go without food. Transporters have refused to take the old notes, and commuters are stranded.”

Akintola added, “Apart from this, Mr President must find a way of abiding by the decision of the Supreme Court, which earlier ruled that the old and new currencies should run parri passu.”

This was coming less than two days after Buhari’s in a nationwide’s address to Nigerians amid the naira scarcity.

Recall President Mohammed Buhari, on Thursday, while addressing the nation announced the recirculation of old N200 note till April 10 while its counterparts, N500 and N1000 were declared illegal tender.

This announcement had consequently stirred controversies and reactions from some state governors including Kaduna State, Governor, Nasir El-Rufai, Kano State GovernorAbdullahi Ganduje among others.