In this case, he asserted, the government would do better to strictly abide by the court’s order while the substantive lawsuit is being decided.
President Muhammadu Buhari’s order to the Central Bank of Nigeria (CBN) to reintroduce the old N200 note into circulation has been hailed as a positive start by the Speaker of the House of Representatives, Femi Gbajabiamila.
The Speaker, however, argued that the President’s decision falls short of the Supreme Court’s ruling that the old currencies must continue to be accepted as legal tender until a lawsuit brought by state governments challenging the legitimacy of the policy and its application is resolved.
READ ALSO: Naira crisis El-Rufai claims that there is a plan to secure an interim administration
The Federal Government acting in ways that seem to show a wanton disdain for the rule of law, according to Gbajabiamila, is not to the interest of our country, she said in a statement made available to Channels Television on Thursday. In his opinion, it will be wiser for the government to strictly abide by the court’s directive in this case while the substantive lawsuit is being decided.
In addition to urging Nigerians to handle this situation calmly, the Speaker said that “for the sake of our nation, we must work together to prevent activities that aggravate tensions and jeopardise our democracy at this important moment of national awakening and rebirth.”
See the full statement below:
