The Speaker of the House of Representatives, Femi Gbajabiamila, says the Buhari regime’s insistence of phasing out old naira notes in spite of a Supreme Court ruling smacks of lawlessness.

Mr Gbajabiamila’s assertion comes after President Muhammadu Buhari announced Thursday morning in a nationwide broadcast that it would only bend backwards to allow the reissue of old N200 notes.

The speaker said though the president’s directive was a step in the right direction, the federal government could not afford situations that “suggest disregard for the rule of law”.

He flayed the decision of the federal government for maintaining silence on the Supreme Court order on currency swap.

The apex court had earlier given an order for the old N1,000, N500 and N200 notes to remain legal tender, pending the determination of a case brought before it by some state governors.

The apex court on February 15 also reiterated its order and adjourned the matter to February 22.

However, Mr Buhari, in a nationwide broadcast on February 16, said he had instructed CBN to reintroduce the old N200 note until April 10, while the old N1,000 and N500 had stopped being legal tender.

He urged the citizens to bear the moment with equanimity for the sake of the country, urging Nigerians to work together to resist actions that can escalate tensions.

“In all things, let the well-being of our fellow citizens and the survival of our nation be foremost in our hearts and guide all the decisions we make in this historic moment.”

Mr Gbajabiamila said “citizens and visitors were experiencing grave and unnecessary hardship across the country.

“They spend hours and days queuing at banks and teller machines to receive stipends of their own money to afford life’s necessities.

“This situation is a consequence of the flawed implementation of the Naira redesign policy by the CBN.

“It is also the result of decisions made by the CBN Governor, Godwin Emefiele, to refuse counsel, be guided by precedent or abide by the decisions of superior courts.”

He said it was disheartening that the CBN had refused to admit error and changed course in the face of mounting evidence that the implementation of the policy had been a devastating failure.

https://gazettengr.com/its-lawless-for-buhari-to-ignore-supreme-court-orders-on-old-notes-gbajabiamila/

Leave buhari alone

His decision makes sense

supreme court lack jurisdiction to entertain matter regarding CBN, only federal high court can handle such matters

Supreme court does not have the power to stop the CNB, the speaker and the governors know this very well, they are only fooling people.

Section 251(1)(d) Constitution of the Federal Republic of Nigeria, 1999 provides: “Notwithstanding anything to the contained in this Constitution and in addition to such other jurisdiction as may be conferred upon it by an Act of the National Assembly, the Federal High Court not supreme court shall have and exercise jurisdiction to the exclusion of any other court in civil causes and matters — connected with or pertaining to banking, banks, other financial institutions, including any action between one bank and another, any action by or against the Central Bank of Nigeria arising from banking, foreign exchange, coinage, Legal Tender , bills of exchange, letters of credit, promissory notes and other fiscal measures…”. Thus, it is submitted that the proper court to have filed the case is the Federal High Court, and not the Supreme Court. Besides, it is submitted that, the proper party to sue is the CBN not the Federal government, the governors that took the federal government to court know this right from time.

The game is ON and APC are on top of the game, I laughed when ipob and online handle mop think this policy will affect APC chances of winning the next election, immediately after the release of the new currency, governor zulum distribute over 500m to borno people, that is just one governor of the APC control state and APC has over twenty governor.

I can't wait to see Tinubu Urchins cry blood after their heavy defeat on 25th February.

It's shocking to see now that part of Buhari failure has been due to the money these people have been hoarding because of their drug lord ambition.

ChangetheChange:
E pain am
Gbajamila the bow down and go speaker you can go ahm hung transformer
Supreme court has no jurisdiction over why should be classified as a legal tender in Nigeria

E enter am Wella Wella like barbecue sauce 🤣🤣🤣🤣🤣

U

The crying will become louder as we approach the election day.

They should go deposit their money with CBN after filling the deposit form online.

Bullion can won't work this time. After the election, then their will be new notes im surplus. But money politics won't work this time.

APC AGAINST APC

IS IT THE FIRST BUHARI IS IGNORING COURT ORDER?

WHY CRYING NOW
THESE POLITICIANS NEED YO BEATEN
SELFISH ANIMALS


SO FUNNY

I don't think so.

The crying will become louder as we approach the election day.

They should go deposit their money with CBN after filling the deposit form online.

Bullion can won't work this time. After the election, then their will be new notes im surplus. But money politics won't work this time.

If Gbaja is sure of himself, he should begin impeachment process against Buhari since it's a breach of supreme court order.

Buhari has done nothing wrong , Tinubu and Gbajabiamila should stop attacking the President

Enough is enough

Dey play. You better take those duffel bags to CBN before it's too late.

Weak Arse, Rubber-Stamp HOR Speaker!

When ASUU/Students went on Strike for 8 SOLID MONTHS,
Why did we Hear anything from You?

Another tinubu's attack dog is still living in the past as patriotic nigerians have moved on,...but wait o,..is he still blaming emefiele out of fear ?.

Buhari is encroaching.
He forget our backing alone made him the president and not those clapping for him today

SpecialAdviser:
I can't wait to see Tinubu Urchins cry blood after their heavy defeat on 25th February.

It's shocking to see now that part of Buhari failure has been due to the money these people have been hoarding because of their drug lord ambition.

obi is not smart
Obi is not a smart politician at all. A smart person would've easily used opportunity of poorly implementation of new Naira redesigned policy to his advantage, especially when election is few days to go. In politics You don't support your rival policies (good or bad).

This useless house speaker attending Harvard when ASUU was on strike. All of a sudden you care for the masses. Thunder kee you there
Good for nothing mumu

Hh

Sure

Jones4190:

obi is not smart
Obi is not a smart politician at all. A smart person would've easily used opportunity of poorly implementation of new Naira redesigned policy to his advantage, especially when election is few days to go. In politics You don't support your rival policies (good or bad).

Shattap!
Obi's shoe laces are smarter than you. Every Nigerian commended the policy as a good one, safe for the poor implementation occasioned by corrupt bankers.

Wailer

ChangetheChange:
The Speaker of the House of Representatives, Femi Gbajabiamila, says the Buhari regime’s insistence of phasing out old naira notes in spite of a Supreme Court ruling smacks of lawlessness.

Mr Gbajabiamila’s assertion comes after President Muhammadu Buhari announced Thursday morning in a nationwide broadcast that it would only bend backwards to allow the reissue of old N200 notes.

The speaker said though the president’s directive was a step in the right direction, the federal government could not afford situations that “suggest disregard for the rule of law”.

He flayed the decision of the federal government for maintaining silence on the Supreme Court order on currency swap.

The apex court had earlier given an order for the old N1,000, N500 and N200 notes to remain legal tender, pending the determination of a case brought before it by some state governors.

The apex court on February 15 also reiterated its order and adjourned the matter to February 22.

However, Mr Buhari, in a nationwide broadcast on February 16, said he had instructed CBN to reintroduce the old N200 note until April 10, while the old N1,000 and N500 had stopped being legal tender.

He urged the citizens to bear the moment with equanimity for the sake of the country, urging Nigerians to work together to resist actions that can escalate tensions.

“In all things, let the well-being of our fellow citizens and the survival of our nation be foremost in our hearts and guide all the decisions we make in this historic moment.”

Mr Gbajabiamila said “citizens and visitors were experiencing grave and unnecessary hardship across the country.

“They spend hours and days queuing at banks and teller machines to receive stipends of their own money to afford life’s necessities.

“This situation is a consequence of the flawed implementation of the Naira redesign policy by the CBN.

“It is also the result of decisions made by the CBN Governor, Godwin Emefiele, to refuse counsel, be guided by precedent or abide by the decisions of superior courts.”

He said it was disheartening that the CBN had refused to admit error and changed course in the face of mounting evidence that the implementation of the policy had been a devastating failure.

https://gazettengr.com/its-lawless-for-buhari-to-ignore-supreme-court-orders-on-old-notes-gbajabiamila/

Honourable criminal supporting his druggie oga.

Jones4190:

obi is not smart
Obi is not a smart politician at all. A smart person would've easily used opportunity of poorly implementation of new Naira redesigned policy to his advantage, especially when election is few days to go. In politics You don't support your rival policies (good or bad).

Jones is advising Obi..Wonders shall never end

See them in severe pains.....