KADUNA State Governor Nasir el-Rufai has revealed how the President Muhammadu Buhari-led Federal Government told some Nigerian governors a lie about the Central Bank of Nigeria (CBN) burning the old N500 and N1,000 notes.

The governor further revealed that he and other governors had information that the Nigerian Security Printing and Minting Company Limited would need at least 12 months to print the minimum amount of one trillion naira he said was needed to ensure a functioning economy in Nigeria.

In a statement signed Wednesday night by his Special Adviser on Media and Communication, Muyiwa Adekeye, the governor said the disclosures were necessary following what he called a misleading report by a national online newspaper (not the ICIR) about the meeting between the Buhari government and some governors over the currency swap stalemate.

El-Rufai said the Buhari’s officials suggested an out-of-court settlement of the litigation some governors, including himself, brought against the Federal Government at the Supreme Court over the naira redesign policy.

The governor and others had dragged the Buhari government to the Supreme Court to halt the policy which they said was bringing untold hardship to Nigerians.

He described the alleged burning of the old notes as fictitious, claiming he got information that the notes were still with commercial banks.

The governor clarified that there was no physical meeting between the governors and the Federal Government but telephone calls and chats.

“Circulating the old N200 notes alone would not be sufficient to relieve widespread human suffering in Kaduna State, and indeed in Nigeria today. They knew that, and that is why they falsely claimed that the CBN had already destroyed the old N500 and N1000 notes.

“This is contrary to the fact available to the governors to the effect that the old notes were in the custody of commercial bank branches throughout Nigeria until the evening of Monday, February 13, and not a single N500 or N1000 had been destroyed.”

He added, “The tabling of false facts, inadequate solutions to the sufferings of our people, and the bad faith that some of the FG negotiators displayed in our phone conversations and chats have now been taken further in leaking a false account and context to a respected medium.

“The plaintiff governors rejected the draft proposal as insincere and invested our hopes in the Supreme Court of Nigeria.”

The governor promised to address the people of his state on Thursday, February 16, over the “currency mess” and the consequences of the extension of the injunction of the Supreme Court of Nigeria and related matters.

Earlier on Wednesday, The ICIR reported Ondo State Governor Rotimi Akeredolu as saying the ruling All Progressives Congress’ rating had depleted nationwide because of the Naira redesign policy implementation, which he described as ill-timed.

Akeredolu was worried because of the coincidence of the policy implementation with the nation’s general elections, which kick off on February 25, 2023.

The ICIR reported how the Federal has continued with the implementation despite its suspension by the Supreme Court.

The ICIR reported how the Naira redesign policy has brought hardship to Nigerians.

Since the CBN introduced the new N200, N500 and N1,000 notes on December 15, they have been very scarce in banks and at Point of Sale centres.

On Tuesday, February 14, the CBN governor told the diplomatic community in Abuja that the apex bank is standing by its decision to stop using the old notes on February 10, despite the Supreme Court order against it.

Meanwhile, the Supreme Court adjourned the case between the governors and Federal Government over the matter till February 22 on Wednesday, in Abuja.

El Rufai is suddenly attacking buharri and his policies.

APC vs APC = citizens will suffer

El Rufai should rest abeg

A man who gave a fresh order like a dictator after supreme court judgment isn't going to listen to anyone


Buhari has his mind made up

Nigerian Governors Forum sold themselves cheaply and they can't redeem themselves

Meanwhile Incoming President Bola Ahmed Tinubu Jagaban in Ibadan today ..... Super happy... Ibadan in carnival mode




.

The ethnic bigotry

e pain ElRufai

Hmmmm

...
Urchins can go and deposit their hard earned 30k at Central Bank of Bandits governed by El-rufai.

El-rufai used to act like Buhari's twin brother in those days when political Structures was still working.
Buhari, Obi and Emefiele are to dismantling structures

Oga relax. That money you and your fellow thieves stashed in your houses are already useless. No amount of propaganda will change buhari's mind. Reasonable Nigerians stand with Buhari on this. It's just a matter of days and we will have enough money in circulation. The old naira Notes (500 and 1,000) are gone for good.

Urchinpainer:
...
Urchins can go and deposit their hard earned 30k at Central Bank of Bandits governed by El-rufai.

El-rufai's bank 😃

El-rufai appears to have been disfavoured and mad less fortunate though the cash swap,

We have
Been
Awashed
With
Propaganda
Of
Politicians
Stacking
Old naira
To buy votes.

These
Guys
Already have billions of new notes

Yet
No one
Questions
The top guys CBN and cronies
Stacking
The
New currency to spend
When they are off governance.

Buhari said N500b was in circulation and 2.7trillion out of circulation before this naira policy, but with N500b in circulation we were all doing well. Everyone had enough cash,
Now CBN said they printed over 1.5 trillion yet no one has enough cash

You will
Never see politicians queue for cash at ATM
its me and you thats are cash crunched.

When did Elrufai start caring for the masses, if he fought bandits like this, Kaduna would have been safe

Tinublu's logistics don cover this one brain. He cant think straight again

Hell rufian just dey deceive fake muslims

Ireportlive:




El Rufai should rest abeg

A man who gave a fresh order like a dictator after supreme court judgment isn't going to listen to anyone


Buhari has his mind made up

Nigerian Governors Forum sold themselves cheaply and they can't redeem themselves

Meanwhile Incoming President Bola Ahmed Tinubu Jagaban in Ibadan today ..... Super happy... Ibadan in carnival mode




.

same El rufia also told FG not to release El zazaki when court gave order to release. He is fighting for his pocket not the masses.