New swap: Buhari didn’t ask CBN to disobey court orders — Presidency

The Presidency said that President Muhammadu Buhari did not ask the CBN governor, Godwin Emefiele, and the Attorney-General of the Federation, Abubakar Malami, to disobey the Supreme Court order on the naira redesign policy.

This was contained in a statement on Monday, by the Senior Special Assistant to President on Media and Publicity, Mallam Garba Shehu, said the Central Bank of Nigeria had no reason not to comply with the ruling of the Supreme Court on the Naira swap deadline.

The statement read partly: “The Presidency wishes to react to some public concerns that President Muhammadu Buhari did not react to the Supreme Court judgement on the issue of the N500 and N1,000 old currency notes.

“The Presidency states here plainly and clearly that at no time did he instruct the Attorney General and the CBN Governor to disobey any court orders involving the government and other parties.

“Since the President was sworn into office in 2015, he has never directed anybody to defy court orders, in the strong belief that we can’t practise democracy without the rule of law and the commitment of his administration to this principle has not changed.

“Following the ongoing intense debate about the compliance concerning the legality of the old currency notes, the Presidency wishes to state clearly that President Buhari has not done anything knowingly and deliberately to interfere with or obstruct the administration of justice.

“The President is not a micromanager and will not, therefore, stop the Attorney-General and the CBN Governor from performing the details of their duties in accordance with the law.

“In any case, it is debatable at this time if there is proof of willful denial by the two of them on the orders of the apex court.

“The directive of the President, following the meeting of the Council of State is that the Bank must make available for circulation all the money that is needed and nothing has happened to change the position.

“It is an established fact that the President is an absolute respecter of judicial process and the authority of the courts.” 

Speaking further Shehu said: “He has done nothing in the last eight or so years to act in any way to obstruct the administration of justice, cause lack of confidence in the administration of justice, or otherwise interfere or corrupt the courts and there is no reason whatsoever that he should do so now when he is getting ready to leave office. 

“The negative campaign and personalised attacks against the President by the opposition and all manner of commentators is unfair and unjust, as no court order at any level has been issued or directed at him.

“As for the cashless system the CBN is determined to put in place, it is a known fact that many of the country’s citizens who bear the brunt of the sufferings, surprisingly support the policy as they believe that the action would cut corruption, fight terrorism, build an environment of honesty and reinforce the incorruptible leadership of the President. 

“It is, therefore, wide off the mark to blame the President for the current controversy over the cash scarcity, despite the Supreme Court judgement.

“The CBN has no reason not to comply with court orders on the excuse of waiting for directives from the President.

The Presidency added that Buhari rejected the impression that he lacks compassion, saying that “no government in our recent history has introduced policies to help economically marginalised and vulnerable groups like the present administration.”

Chinyere Treasure Mbadiwe
Chinyere Treasure Mbadiwehttp://wakadaily.com
Chinyere Treasure Mbadiwe is the Co-founder and CEO of Wakadaily News. With a B.Sc. in Business Administration from the National Open University of Nigeria (NOUN), she brings a wealth of leadership and strategic expertise to the platform. Chinyere is passionate about delivering high-quality, engaging news that informs and empowers audiences. Her vision for Wakadaily is to create a space where reliable, diverse, and impactful content connects people and fosters informed conversations.

Popular Related

Oyo plans fresh selection process for Alaafin

A new process for the selection of the Alaafin of Oyo has begun, following a series of crises and legal battles that have plagued...

Court remands tenant for allegedly setting landlord’s house on fire

A 35-year old man, Dickson Peter, has been ordered by the Iyaganku Chief Magistrates’ Court in Ibadan, to be remanded in a correction facility...

Senator moves to provide water and electricity for constituents

As part of his campaign pledges to the people, Senator Ned Nwoko, who represents Delta North, asserts he is collaborating with the Federal Government...

President Tinubu hails Tunji-Ojo reforms as Interior Minister

The Nigerian President Bola Ahmed Tinubu, has complimented the Minister of Interior, (Dr.)Olubunmi Tunji-Ojo for the improvement he has made possible in the ministry. Tinubu,...

Trump’s win an opportunity to correct ‘wrong policies’, says Iran official

Iran’s Foreign Ministry said on Thursday that Donald Trump’s U.S. presidential election win was “an opportunity to reconsider America’s misguided policies in the region Trump...

UFC 287: Obi, Tinubu congratulate Israel Adesanya 

The presidential candidate of the Labour Party, Mr Peter Obi and the president-elect Bola Tinubu has congratulated Nigerian mixed martial artist, Israel Adesanya, after...

Gunmen kidnap top NDDC official in Imo

Gunmen on early hour of Saturday kidnapped a top official of the Niger Delta Development Commission ( NDDC), Engr Kingsley Okorafor, just by his...

Police arrest man attempting to rob bank with hammer in Lagos 

The Lagos State Police Command has arrested a 43-year-old man, Azeez Isa for attempting to rob a bank opposite the Maplewood Estate in the...

Ogun state court grants freedom to 46 inmates

Judge Mosunmola Dipeolu, the chief judge of Ogun State, has pardoned 46 more prisoners at the Oba and Ibara Correctional Centers in the state...

24-year-old student commits suicide after boyfriend broke up

A Mass Communication student at Federal Polytechnic Mubi in Adamawa State, identified as Jemima Shetima-Balami, reportedly commit suicide after her boyfriend broke up with...