Governor Nyesom Wike of Rivers State is very angry and has lambasted President Muhammadu Buhari for banning the use of old N500 and N1000 notes.
Wike said; “The President’s declaration, despite the Supreme Court ruling is not proper.”
“The highest court of the land has made a pronouncement. The Supreme Court has said do not do anything that will affect the use of the old naira note.”
“I feel that the President’s declaration is not the proper thing and I am not happy.”
“This also tells us how we do not respect or obey the rule of law. At this level, the advisers to the President would have said, ‘This issue is subject to litigation and any step you take will one way or the other affect the Supreme Court’s stance’.”
Recall that the Central Bank of Nigeria (CBN) had before now, extended the deadline for the swap of N200, N500, and N1,000 from January 31 to February 10.
Besides, the Supreme Court had ordered the Federal Government and the CBN to discontinue with the deadline pending the determination of a motion on notice in respect of the issue on February 22.
However, President Muhammadu Buhari in a recent development, directed the CBN to recirculate only the old N200 notes with the new ones.