CBN’s Compliance With Supreme Court Order Victory For Nigerians – Matawalle

The Governor of Zamfara State, Bello Matawalle, says the Central Bank of Nigeria (CBN)’s compliance with the Supreme Court Order on old naira notes is a victory for Nigerians.

CBN's Compliance With Supreme Court Order Victory For Nigerians - Matawalle
Governor Bello Matawalle

The governor said citizens can now heave a sigh of relief as more cash is expected in circulation as a result of the directive of the CBN.

Matawalle stated this in a statement issued by Malam Zailani Bappa, his Special Adviser, Public Enlightenment, Media and Communications in Gusau.

TalkGlitz Media had reported that the CBN had on Monday asked money deposit banks to dispense and accept old naira notes until December 31, as stipulated by the apex court.

In the statement, Zailani Bappa said the governor said the suit instituted against the naira redesign policy by some state governments is for the good of the country’s micro-economy and the well-being of the average Nigerian.

“Those who accused us of going to court for the sake of the presidential elections, even as Nigerians groaned under the policy implementation, are now proven wrong as we did not relent until we succeeded in achieving our demand to its logical conclusion,” he said.

“This is way after we have won the said presidential election.

“All Nigerians can now sigh a relief on this matter, and we expect more cash to be in circulation to ease our pains, while those who were unable to replace their old naira notes with the scarce new notes will no longer lose their hard-earned money.”

The Zamfara governor commended President Muhammadu Buhari for distancing his administration from any attempt to disrespect the verdict of the supreme court on the issue.

The governor said he is expecting all deposit money banks (DMBs) to fully comply with the CBN’s directive.

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