Politics

Naira redesign: CSO faults APC governors for countering Buhari's directive

A civil society organisation, CSO, Centre for Reform and Advocacy, has faulted governors elected on the platform of the All Progressives Congress for countering President Muhammadu Buhari’s directive on redesigned naira notes.

The CSO in a statement signed by its legal adviser, Kalu Agu, said, “Arising from the provisions of the law, can the Central Bank of Nigeria on its own volition call for legal tender redesign and deadline for the use of old legal tender without the approval of the President?

“The answer with respect is a no! How then will the governors be issuing contrary directives on the use of old naira notes when they do not have such powers either donated to them by the 1999 Constitution, Acts of the National Assembly or even a law from their states’ House of Assembly?

“The contrary directives issued by the governors that the old naira notes should continue to be a legal tender in their various states when the President had through the CBN issued a directive in that respect are treasonable, unconstitutional, unlawful, illegal and highly inciting.”

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