By Halimah Olamide
Nigerians’ attention will be riveted on the Supreme Court today as it begins hearing over the suit instituted by some governors against the Federal Government to stop the implementation of the new Naira policy in the country. The Supreme Court had last week adjourned to February 22 (today) for hearing to begin in a suit that was originally initiated by Kogi, Zamfara and Kaduna states. Other states had however sought to be joined in the case to demand that the old Naira be allowed to remain as legal tenders.
At the close of session last week, the Supreme Court had ordered that the old Naira notes be allowed to co-exist with the new ones.
However, President Muhammadu Buhari, in a nationwide broadcast, told the Central Bank of Nigeria to re-issue and circulate only the old N200 notes while announcing a final demise of the N1000 and N500 notes.
His decision had sparked outrage across the country with many accusing the president of abusing the constitution.
The implementation of the money policy has thrown millions of Nigerians into hardship with banks coming under attacks.
At the end of a meeting of the National Working Committee of the APC three days ago, National Chairman of the party, Abdulahi Adamu, had said, ““We note very seriously that the programme and its implementation is causing tremendous difficulties to the people of Nigeria and to the national economy.
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“That we urge the Attorney General of the Federation and the Governor of the Central Bank of Nigeria to respect the Supreme Court order of interim injunction which is still subsisting.
“That the meeting is urging his Excellency, President Buhari, to intervene in resolving issues that are causing this great difficulty to the economy.”