BREAKING: Tinubu Reacts To Supreme Court Ruling On Cash Swap

BREAKING: Tinubu Reacts To Supreme Court Ruling On Cash Swap

Asiwaju Bola Ahmed Tinubu, the presidential candidate of the ruling All Progressives Congress (APC), has praised the governors of the 36 states for standing up to the Central Bank of Nigeria (CBN) cash swap, which has caused widespread suffering.

He also praised the three governors of the All Progressives Congress (APC) for taking the initiative to file the lawsuit against the CBN.

The APC flag bearer, in a statement by the Director, Media and Publicity of the APC Presidential Campaign Council, Bayo Onanuga, said the Governors acted well on behalf of the hapless Nigerians who have been made to bear the brunt of naira redesign policy that has been poorly implemented

Read Also BREAKING: Nigeria Should Consider Extending Banknote Swap Deadline – IMF

In a suit brought before it by the governments of Zamfara, Kogi, and Kaduna States, the Supreme Court issued an interim injunction against the CBN and the Federal Government on Wednesday morning, allowing the old N200, N500, and N1000 notes to remain legal tender beyond the February 10 deadline.

Following the ruling, Tinubu stated that the Governors saved the country from unnecessary political and economic crises and miseries, which were clearly unintended consequences of the apex bank’s monetary policy.

Tinubu noted that the Supreme Court ruling coincided with an advisory from the International Monetary Fund (IMF), which urged an extension of the deadline due to the difficulties in obtaining new notes across the country.

Read Also Nurse And Patient Caught Having S3x (VIDEO)

He said: “I want to salute the courage of our Governors and most especially the Progressives Governors in APC who acted to save our country from avoidable and dangerous political crises and social unrest which the Central Bank policy on new Naira notes has brought on our country.

“Our country was dangerously careering toward anarchy and political and economic shutdown. But with the Supreme Court interim ruling our country has been pulled back from the precipice. We thank our Supreme Court Justices for ruling wisely on the side of the people who have been subjected to undue agony and pains since this policy was announced.

“The Federal Government and relevant stakeholders can now sit down and work out better framework on how to proceed with the new policy without causing any social and economic disruption and inconvenience to our people. We have examples of other countries that have successfully and seamlessly changed their currencies to learn from.

“Those countries give a long time, at least 12 months to effect the currency change. They do not engage in CBN-like Fire Brigade approach.

“We have seen how a good policy can be poorly implemented to cause unintended problems for the people who should be the beneficiaries. While lessons have been learnt, we must now move on as a country and people with a Renewed Hope for a better tomorrow.

“The sole aim of my running to be the president of our country is to make life better and more abundant for our people and this is an ideal for which I will remain eternally committed to.”

The APC standard bearer urged the CBN to ensure that the Supreme Court ruling is effectively carried out by taking all necessary steps to ensure adequate availability of naira notes (old and new) and properly sensitizing the public on the ruling and the resulting validity of old notes.

For More News Join Our WhatsApp Group With This Link Below

https://chat.whatsapp.com/HlD7kmxUzAc2lwlP7yuXzk