President Buhari Issues Three Statements, Silent On CBN’s Naira Policy


President Buhari Issues Three Statements, Silent On CBN’s Naira Policy

President Muhammadu Buhari has remained silent on the ruling of the Supreme Court directing that the old 200, 500 and 1000 naira notes remain legal tender.

The apex court last week ordered that the old notes should remain legal tender till the 31st of December, 2023.


The Supreme Court last Friday ruled in its lead decision, read by Justice Emmanuel Agim, that Buhari’s authorisation for the Central Bank of Nigeria (CBN) to withdraw the old banknotes was illegal.

Despite the ruling of the Supreme Court, President Buhari and the CBN have failed to issue statements on the next step following the court’s judgement.

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President Buhari who had failed to comment on the issue, on Sunday released statements on other matters.

President Buhari, who is presently attending a United Nations (UN) conference on least developed countries in Qatar, had charged Chadian warlords and leaders of the various political factions in Chad to show restraint and patriotism by immersing themselves in the ongoing transition to democracy in the country.

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He also charged the Flying Eagles to win the ongoing CAF U-20 Africa Cup of Nations (AFCON) in Egypt as Nigeria prepares to face The Gambia today in the semifinals of the competition.

President Buhari earlier also sympathised with the former First Lady, Maryam Abacha, and her entire family on the death of their son, Abdullahi.

However, despite releasing these statements the president did not release a statement on the naira policy.


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