https://www.youtube.com/watch?v=skmqHLZnb7A?t=680
Fashola appeared on AriseTV this morning to clarify his comments on the CBN's naira redesign policy. He said that the CBN Act doesn't support a confiscation of our old currency but a 1:1 swap of old and new currency. He also accused AriseTV of being biased in their coverage.

Fashola: What has happened in the purported exercise of the Central Bank Act, especially section 20 where it talks about redesigning currencies, it gives powers undoubtedly to Central Bank to undertake that exercise. My understanding of that provision, because I've read it again and again, and what it suggests to me, my interpretation of that section of the law, is that if you choose to redesign a denomination A, say the 100, the 500, or the 200, every time I produce a 200 you must give me a 200. Every time I produce a 1000 you must give me a 1000 back, until that currency denomination is eventually taken out of circulation. {Cash swap is} the word used in the act. So what has been done here has no legal basis. That is my view.

On a cold and calm interpretation, if the law says that you can only take two steps, if you take 4 steps, you have violated the law. Once you're a creature of law. So as I said, let me be clear again, the central bank clearly has powers under section 23 to redesign currency, but that process is a swap. Not to say bring all your money. The law didn't envisage that at all. And to that extent, it is outside the law.

So when I sit down and listen on TV, some people say it is causing pain - understandably, we are all united about the pain and discomfort it is causing - but some people, some media houses seem to have a vested interest in supporting that exercise. I'm wondering what their investment even in their partisanship may be, in an investment in illegality.

The question we should even be asking ourselves is :- the authorization to redesign and swap, approved my Mr President, does it include an authorization to mop up money? Does the Central Bank Act [support it?] Because it's one thing to have an authorization on the fact of the letter of the law and then proceed to do something that is contrarian to law, which is what seems to have happened in my own view.

We will wait for the Supreme Court to determine [how the situation should be resolved]

This one don find camera for CBN office ooh

It is only illegal now because it affects your political moves.

If the likes of fashola, tinubu, elrufai and the rest have put in a quarter of this "lamenting energy" on all the Killings, bloodshed, nepotism and ills in this government, we would take them serious.

Keep lamentating. Nigerians have moved to bring in PODATTI.

Seun:
Fashola appeared on an AriseTV this morning to clarify his comments on the CBN's naira redesign policy. He said that the CBN Act doesn't support a confiscation of our old currency but a 1:1 swap of old and new currency. He also accused AriseTV of being biased in their coverage.

Upon all the evil policies of Buhari and APC that have subjected Nigerians to so much sufferings, na only Naira swap issue these people fit talk about everyday? I think it's really affecting APC elites that's why they're lamenting. Wailing wailers!

And politicians naira note confiscation is legal.
Detective Fash

Fashola the minister of rocket science and darkness and his other pro-emilokan urchins are hypocrites.


Reject APC , reject Tinubu by all means...

.

It's obvious these polithiefcians are fighting for their selfish interests.
If they had been using this same energy to fight for the masses, things would have been OK.

Students wasted away at home for almost a year during ASUU strike & not a word from any of them...

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Fashola's criminal side keeps unraveling everyday..

The guy is the biggest scam from Nigeria

Shut up this useless man.

You failed as a governor, no single project for 8 years.

I'll love to see Fashola chained like the thief he is and placed in solitary confinement

id911:
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Fashola and other urchins have become accidental economists. They talk as if they don't know the reason for the naira redesign.
Vote buying in Lagos, banditry in Kaduna, looting in Kano. Yes, let CBN confiscate all monies till after election. Btw, they are still holding unto their old notes thinking they could spend it on election day. Thieves!

Minister of darkness. Take your L in peace!


PODATT!

Minister of Darkness fighting tooth and nail against Naira redesign..

what concerns fashola, his office with Naira redesign you may ask,

it's all because of his loot and that of his master... it's been rendered useless right before his very eyes..

Fashola Tinubu Oshiomole El rufai Ganduje...
You will all rot in hell for all eternity

There is nothing you have done that God cannot forgive.

Except voting for Tinubu.

Many are not objective since they hate Tinubu

Nice one... Go join the suite..... It is a pity Supreme Court don close the door

Fish brian, what do you know😡😡❌

After allowing Buhari impunity and lawlessness to persist for the past 7 years? Senseless SAN.

These ones never stop to wail?

Fash go to court TV station is not court

APC introduced a policy.

APC implemented a policy.

APC is complaining about a policy implemented by APC.

APC is fighting against APC.


These clowns are just confused like Babablu Bluublu bulabu.

what manner of UGLY SHIRT is this man wearing?