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SERAP tells Buhari to disclose how he is obeying supreme court orders on naira redesign

Written by on March 6, 2023

 The Socio-Economic Rights and Accountability Project, SERAP, is urging President Muhammadu Buhari to reveal plans his administration is taking to obey the recent Supreme Court order on the naira redesign.

Last week, the Supreme Court extended the validity of the old N200, N500, and N1,000 Naira notes till 31 December, stating that the Central Bank of Nigeria 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 in a statement by its deputy director Kolawole Oluwadare, urges Buhari to disclose details of the measures his government is taking to immediately obey the Supreme Court decision extending the validity of the old notes, and CBN to continue to receive the notes from Nigerians.

The rights group also wants the President to publicly instruct the CBN to effectively implement the Supreme Court decision ordering an end to the cash withdrawal limits imposed by banks.

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