Nigeria: Fani-Kayode Hails CJN, Three APC Govs As Supreme Court Suspends CBN Deadline On Naira Swap

8 February 2023

The Director, New Media of the All Progressives Congress (APC) Presidential Campaign Council, Femi Fani-Kayode has hailed the Chief Justice of the Federation (CJN); Justice Olukayode Ariwoola Governors Yahaya Bello (Kogi State), Nasir El-Rufai (Kaduna State) and Bello Matawalle (Zamfara State) over the Supreme Court's judgement asking the Federal Government and Central Bank of Nigeria (CBN) to suspend implementing the February 10 deadline of the old 200, 500 and 1000 naira notes to stop being legal tender.

Three Governors on behalf of their states had in a motion ex-parte filed on February 3rd, by their lawyer, AbdulHakeem Mustapha (SAN), prayed the apex court to halt the Central Bank of Nigeria (CBN) naira redesign policy.

A seven-man panel of the Supreme Court led by Justice John Okoro, in a unanimous ruling, granted an interim injunction restraining the FG, CBN, commercial banks etc from implementing the February 10, deadline for the old 200, 500 and 1000 Naira notes to stop being a legal tender.

The court further held that the FG, CBN, commercial banks must not continue with the deadline pending the determination of a notice on notice on in respect of the issue on February 15.

By this ruling, the old Naira notes continue to be legal tenders in Nigeria.

However, in a swift reaction via his verified Twitter handle, Fani-Kayode thanked the Supreme Court and three APC Governors for 'protecting the interest of the common man'

"The Supreme Court has restrained the FG & CBN & suspended the deadline of 10th February for the use of old naira notes. Nigerians can now continue to use the old naira notes together with the new until the legality of the policy is finally determined by the Supreme Court.

"For this we thank firstly the Supreme Court who have not only displayed remarkable insight and sensitivity in this matter and courageously risen to the occassion but who have also proved that the courts really are the last hope of the common man when faced with the tyranny of abusive & cruel policies & insane officials. We must also thank my three dearest friends & brothers, men of courage & conviction all, who took the FG to court. They are, Gov. Yahaya Bello of Kogi, Gov. Bello Matawalle of Zamfara & Gov. Nasir El Rufai of Kaduna.

"History and posterity will reward all 3 of you for saving us from the most complex & greatest evil & the darkest conspiracy that has ever been hatched against democracy & foisted on our people by a tiny group of evil technocrats & saboteurs working for a greater power At least now we have a chance to change the narrative & take away the immense suffering that has been imposed on our people over the last few days. At least now there is a distinct possibility that this catastrophic scorched earth policy which seeks to inflict pain on our people, destroy our future as a nation and scuttle democracy in our country may be declared totally illegal by the Supreme Court and cancelled. Hope springs eternal whilst God remains on the throne! Glory Hallelujah! Thanks be to God!"

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.