HighlightTrending Story

Naira redesign: SERAP to Buhari: Obey Supreme Court’s order, direct CBN to immediately implement order

83

Worried about President Muhammadu Buhari’s reticence on the Supreme Court’s judgment on Naira redesign policy three days after, the Socio-Economic Rights and Accountability Project (SERAP) has urged him to disclose details of the measures his administration is taking to immediately and effectively comply.

SERAP demanded that action must be taken to obey the apex court’s decision extending the validity of the old N200, N500, and N1,000 notes, and directing the Central Bank of Nigeria (CBN) to continue to receive the notes from Nigerians.

In a letter dated March 4, 2023 and signed by SERAP Deputy Director, Mr Kolawole Oluwadare, a lawyer, it urged him “to publicly instruct the CBN to immediately and effectively implement the Supreme Court decision ordering an end to the cash withdrawal limits imposed by banks because such restrictions violate citizens’ right to freely use their property.”

SERAP also urged him to disclose the measures that your government is taking to direct the CBN to immediately re-circulate the old N200, N500, and N1,000 notes, as ordered by the Supreme Court.

“There is an overriding public interest in disclosing the details of the measures your government and the CBN are taking to effectively and satisfactorily obey the Supreme Court decision.

“Disclosing the measures that your government and the CBN are taking to implement the Supreme Court decision would also enable Nigerians to monitor and scrutinize the level of compliance with the decision.

“The public should not be kept in the dark on what your government and the CBN are doing to implement the decision. Widely publishing the implementation measures would also improve accountability of state officials and public confidence in the rule of law and Nigeria’s democracy,” Persecondnews quotes SERAP as saying.

The Supreme Court last week extended the validity of the old N200, N500, and N1,000 Naira notes till 31 December, stating that the CBN must continue to receive the notes from Nigerians.

The Court held that the president’s directive on the redesign of the new notes without due consultation is invalid.

SERAP’ also stated: “We would be grateful if the requested information and recommended measures are implemented within 7 days of the receipt and/or publication of this letter.

“If we have not heard from you by then, SERAP shall take all appropriate legal actions to compel your government to comply with our requests.

“The implementation by your government of the CBN policy on the redesign of the country’s currency has contributed to violations of citizens’ rights.

“SERAP is concerned about the persistent disobedience of court orders by your government, and the apparent lack of respect for constitutional and international rule of law obligations.

“Nigerians are entitled to the details of the level of compliance by your government and the CBN with the Supreme Court decision as a matter of transparency, justice and the rule of law.

“The Nigerian Constitution, Freedom of Information Act, and human rights treaties to which the country is a state party rest on the principle that citizens should have access to information regarding their government’s activities.

“Your government has the legal duties to act as ordered by the Supreme Court, and consistent with the provisions of the Nigerian Constitution, the CBN Act, and the country’s international obligations.”

Citing that its requests were brought in the public interest, and in keeping with the requirements of the Nigerian Constitution 1999 [as amended]; the Freedom of Information Act; the CBN Act, and the country’s international obligations including under the African Charter on Human and Peoples’ Rights, SERAP insisted that the Supreme Court has extended the validity of the N200, N500, and N1,000 Naira notes till 31 December, and directed that the CBN must continue to receive the old notes from Nigerians.

“The court held that your directive for the redesign of the new notes and withdrawal of the old notes without due consultation is invalid.

“The Court also stated that the disobedience of its interim order of 8 February that the old N200, N500, and N1,000 notes should continue to circulate alongside the new ones makes Nigeria’s democracy look like a mere pretension while democracy is replaced with autocracy or dictatorship.

“The Supreme Court also ruled that the cash withdrawal limits imposed by banks as a result of scarcity of currency notes in circulation is illegal, as it amounts to impermissible restriction on citizens’ right to freely use their property,” SERAP said.

 

 

Leave a comment

Related Articles

Ogun begins sale of rice at discounted prices to workers

Ogun State Government has commenced sale of rice to its workforce as...

NFF debunks appointing Amunike as Super Eagles coach

The Nigerian Football Federation (NFF) has described as fake news that it...

Kidnapped RCCG pastor rescued, says Oyo Govt.

The Oyo State Government announced the safe rescue of Pastor Olugbenga Olawore...

APC declares Ondo governorship primary inconclusive

In Ondo State, the All Progressives Congress (APC) 2024 Governorship Primary Committee...

In a rebuttal, NUSA tells South African Police Nigerians didn’t attack police, damage properties

Contrary to claims by the South African Police Service (SAPS), the Nigeria...

Ondo gov. primary: Commissioner assaults senior journalist, damages his phone

  …..NUJ calls his action as barbaric and unacceptable The Ondo State...

Ondo APC guber primary: 171,922 delegates elect candidate out of 16 aspirants

No fewer than 171,922 accredited delegates are voting in Saturday’s All Progressives...

Tinubu appoints Emomotimi Agama as SEC DG

Mr. Emomotimi Agama has been appointed the Director-General of the Stock Exchange...

Driver nabbed for slaughtering 80-year-old boss, wife in their Abuja apartment

Pa Adebola Ezekiel, an 80-year-old man, and his wife, Abiodun Ezekiel, have...

NNPC Ltd., First E&P, achieve 20,000 bpd production at OML 85

The Nigerian National Petroleum Company Limited (NNPC Ltd) and its joint venture...

Nigerian Sovereign Investment Authority invests $500m in infrastructure

The Nigeria Sovereign Investment Authority (NSIA) says it has invested over $500...

Breaking: N300m laundering charge: FCT High Court discharges, acquits ex-AGF Adoke

After a seven-year trial, Justice Inyang Ekwo of a Federal High Court...

Latest on Yahaya Bello: Police I-G Egbetokun withdraws policemen attached to ex-governor

Following former Kogi Governor Yahaya Bello’s refusal to surrender to security agencies...

NNPC Ltd., partners donate 2,300-seat ultra-modern library to Niger Delta University

In its bid to create a conducive learning environment and create access...

Sports Minister affirms Nigeria’s readiness for Paris 2024 Olympics

The Minister of Sports Development, Senator John Enoh, has restated the ministry’s...

Kidnapping, terrorism: Ogun Gov. Abiodun donates drones, 25 patrol vehicles to police, other security agencies

Police I-G, Egbetokun, in Abeokuta to receive them, says Ogun remains the...

Tinubu wittingly picked Northerners to occupy significant positions in his govt – Ribadu

The National Security Adviser, Mr. Nuhu Ribadu, has said that President Bola...

Alleged N80bln fraud: EFCC declares ex-Kogi Gov. Yahaya Bello wanted

The Economic and Financial Crimes Commission (EFCC) has declared former Kogi Gov....

NPA secures $700m facility from Citibank for Apapa, Tin-Can Ports rehabilitation – MD

The Nigerian Ports Authority (NPA) has negotiated a loan of $700million from...

Arrest parents found near UTME CBT centres during UTME – JAMB

The Joint Admissions and Matriculation Board (JAMB) has directed all Computer-Based Test...