Nasir el-Rufai, governor of Kaduna state, says the ruling of
the supreme court on old naira notes is a victory for Nigerians.
Recall that few hours ago, the supreme court invalidated the naira
redesign policy introduced by the Central Bank of Nigeria (CBN).
A seven-member panel of the apex court held that the old
N200, N500 and N1000 notes remain legal tender until December 31, 2023.
The supreme court faulted the policy of the CBN, saying the
timing and implementation were defective.
Speaking with journalists after the ruling of the apex court
on Friday, the Kaduna governor reiterated that the policy was designed to
prevent the All Progressives Congress (APC) from winning the elections.
“A full court of seven justices gave a unanimous judgement
7-0 that all our prayers to the court have been accepted. This is a victory for
Nigerians,” el-Rufai said.
“But this policy which was designed and targeted at a
political party and its candidates has brought hardship on our people, this is
why the three of us took the decision to come to the supreme court.
“We are APC members,
the president of Nigeria is from the APC, but we disagreed with him on this
policy and its implementation and when we tried everything to settle this
behind closed doors, we had no option but to come to the supreme court.
“We are very grateful to the court for this unanimous
decision and the orders it has given to the Federal Government of Nigeria to
ensure that from today to the 31st of December 2023, the old naira notes of all
denominations shall continue to circulate with the new naira notes. That is the
major decision of the supreme court.
“The other decision of the supreme court is that the policy
of currency confiscation where you deposit money in the bank and the bank
chooses what to give you is unlawful and illegal.
“Nigerians can go to the bank and collect whatever they have
deposited and get on with their lives.
“Those that said we
went to the court because of elections are wrong. We went to court because our
people in our states are suffering and businesses in our states are coming to a
halt, lives were being destroyed, that’s why we went to court.
“We left elections in the hands of God and we all know the result. Although this policy was designed to ensure that we did not give them the essential edge in the elections, we have won.”
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