Supreme court verdict on use of old naira notes unpopular — Afenifere

The leader of pan-Yoruba socio-political organisation, Afenifere, Chief Ayo Adebanjo has described the Supreme court judgement, which extended the use of old N200, N500 and N1000 notes till December 31, 2023 as ‘unpopular decision’.

Recall that the apex court on Friday March 3rd ordered that old naira notes along with the new naira notes remain a legal tender, overruling President Muhaadu Buhari redesign naira policy, intended to check inflation and tackle vote-buying, declaring it as an affront to the 1999 Constitution.

Justice Emmanuel Agim who led a seven-man panel of Supreme court justices, derived his powers from Section 23(2)1 of the Constitution, and submitted that the dispute between the Federal Government and states must involve law or facts in the suit brought by 16 States Governors who asked the court to void and set aside the policy on the ground that it is inflicting hardships on Nigerians.

Speaking on Arise television interview last Friday, the Afenifere leader said, “Both Emefiele, Buhari and the All Progressives Congress where Emefiele wanted to contest as President of Nigeria. When it suits you, they will use you, when it does not please them, they will sacrifice you.

“Buhari is not an economist. The naira redesign policy is causing a lot of problems. The economic consequences will affect you and me. It is a pity. The judges have done their part legally according to them. But what are the political and economic consequences?, Adebanjo queried.

Continuing, the Afenifere leader said, “As a lawyer, I abide by their decision, which is Supreme. But, they will have to explain to God whether they have done justice or not. What I know is that it is not a popular judgement”.

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