The Central Bank of Nigeria, CBN, has no reason not to comply with the Supreme Court order on naira redesign on the excuse of waiting for directives from President Muhammadu Buhari.
According to the presidency, the President never told the Attorney General of the Federation, Abubakar Malami; and the CBN Governor, Godwin Emefiele to disobey any court orders involving the government and other parties.
This is contained in a statement by Senior Special Assistant to the President on Media and Publicity, Garba Shehu.
The highest court of the land had on third March ordered that old N200, N500 and N1000 notes remain valid till thirty-first December 2023.
However, the Presidency, CBN and the AGF had kept mum, throwing many bank customers and Nigerians into confusion as the ruling of the apex court contradicted the directive of the President that old N500 and N1000 notes are banned and old N200 notes remain valid till tenth April.