Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,205,003 members, 7,990,769 topics. Date: Friday, 01 November 2024 at 12:20 AM

Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift (16138 Views)

Free Kanu As Parting Gift, Ohanaeze Begs Buhari / Gov Akeredolu Tells Herdsmen To Vacate Forest Reserves In Ondo State In 7 Days / N75m Lexus For Fayose As 'Parting Gift' Causes Disquiet In Ekiti (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by nlfpmod: 8:43pm On Feb 18, 2023
I seize this opportunity to appeal to the President and Commander-in-Chief of the Armed Forces, @MBuhari to play the role of a Statesman at this crucial moment. It is apparent that the crises, which the current policy on currency swap has created, continue to spiral menacingly.

MR PRESIDENT SHOULD HALT THIS SEAMLESS DRIFT

The crises engendered by the policy of the Central Bank of Nigeria to redesign some currency notes, threaten to disrupt, not only the forthcoming general elections. The events of the past days, culminating in the intervention of the apex court in the land, and the increasing gale of violence sweeping through the country, portend serious danger to the current democratic governance.

Consequently, this period invites all patriots to speak out with a view to proffering practicable solutions and not project cheap partisan interests.

I seize this opportunity to appeal to the President and Commander-in-Chief of the Armed Forces, President Muhammadu Buhari, GCFR, to play the role of a Statesman at this crucial moment. It is apparent that the crises, which the current policy on currency swap has created, continue to spiral menacingly.

There is incontrovertible evidence bordering on miscalculation, error of judgement and/or disinformation on the part of the policy makers, especially the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, on the failed implementation of the policy, the effect of which compels the whole country to groan, immeasurably, at present.

There is hardly anyone who contends with either the statutory functions of the Central Bank of Nigeria or the occupier of the office of its Governor, one of which is the monetary policy. It is also not debatable that the President and the Commander-in-Chief of the Armed Forces of Nigeria is empowered, under our law, to exercise certain executive power. It can, however, not be the original intendment of the drafters of the relevant statutes that the implementation of any policy should occasion widespread hardship and pervasive agony in the land.

The safety of the people is the supreme law. Any measure, purportedly designed to ameliorate their conditions, must not reduce the entire populace to a beggarly existence. There is pervasive discontent in the land. A policy, presented as currency swap, must not be construed by both the reasonable members and people of average intelligence in the society to convey the deplorable impression of contrived subterfuge manifest in the official confiscation of legitimate deposits of the people in banks, as a counter measure against electoral malfeasance, terrorism and banditry.

Desirable as the policy appears to be, its implementation excites curiosity as regards the real motive of its drivers, especially at this time when the conduct of general elections is almost here. The mere knowledge that the N1000 and N500 notes represented 82% of the currency in circulation and that the N200 note, whose validity has been extended, by fiat, for another 60 days, represented 7%, expose the mendacious slant in the advice given to Mr President. This counsel clearly misrepresented, deliberately, the facts as they existed before the commencement of the implementation of the policy.

The implementation of this policy has been woeful despite claims to the contrary. The suffering of the masses, occasioned by the non-availability of new notes to replace the old ones, equally decreed out of existence by presidential fiat in contravention of the CBN Act, 2007, could have been averted if the strategy of a gradual and systematic withdrawal of the old currency notes had been adopted. I make bold to assert that the unfolding events across the country show that the policy has failed significantly.

It is, therefore, expected that the President will halt this needless drift into the abyss of chaos, more so, when the ruling of highest court still subsists.

I call on the President to allow both the old and new notes co-exist until such a time when normalcy returns to the country. It will be a fitting parting gift for the people of this country, especially the downtrodden, who feel the negative impact of the poorly implemented policy. While the reasons adduced for the policy appear legitimate, there can be no justification for the confiscation of the lawful earnings of Nigerians. The negative impact which the mediocre and, I dare say, mischievous implementation of the policy by the Governor of the Central Bank of Nigeria is having on the poor people and small business ownersdefeatsall the good programmes of the Federal Government designed to elevate as many people as possible out of the morass of poverty.

There is no shame in rescinding a decision adjudged not only unpopular and counter-productive, but which also bears the insidious seeds of potential conflagration in the land, one of the ostensible reasons for this ill-conceived policy.

ARAKUNRIN OLUWAROTIM I O. AKEREDOLU, SAN, CON GOVERNOR, ONDO STATE

https://twitter.com/RotimiAkeredolu/status/1626952025056415745?t=FS3zt8RXq-dc0Kg1AGD6aw&s=08

10 Likes 1 Share

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by FORHII: 8:45pm On Feb 18, 2023
Some permutations going on here in the North... APC people going about giving false hope by telling lies that if BAT wins he'll reverse the policy and their monies will not be wasted....I just pray God almighty will allow Peter Obi win the presidential election come Feb 25th 2023.

125 Likes 7 Shares

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by WibusJaga: 8:45pm On Feb 18, 2023
.

"I Will not allow Tinubu to mobilise Resources and Thugs to intimidate Nigerians" --Buhari cool

But isn't Tinubu a selfish & wicked man to have packaged Buhari for Nigerians in spite of...

32 Likes 1 Share

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by habsydiamond(m): 8:45pm On Feb 18, 2023
We no go gree... no electoral malpractice for una this time... buhari as set him time bomb na on election dey e go explode. All of una wey pack money for election don finally play into buhari hands... money una no fit spend.. votes una no fit buy wetin una go do na.. make I laugh small jor.

74 Likes 6 Shares

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by owobokiri(m): 8:46pm On Feb 18, 2023
Parting gift Kee u dia..
Barawo banza

141 Likes 9 Shares

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by Nobody: 8:47pm On Feb 18, 2023
grin see APC, they can't ask buhari to fulfill his campaign promises to Nigerians as parting gift

They are asking for more time to easily use their criminal money.

See what Nigerians called leaders.

Well Nigerians enjoy your differences now, while it lasts, after the election you all become the same, rape victims.

You lots are fuvked, me included

73 Likes 3 Shares

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by Naijanascam: 8:47pm On Feb 18, 2023
These people are in real pain because of this naira redesign..........

What is exactly their annoyance?

51 Likes 3 Shares

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by Massiveglory: 8:48pm On Feb 18, 2023
Buhari be laughing at these crooks Emieifelly

105 Likes 7 Shares

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by Zionmdde: 8:48pm On Feb 18, 2023
Thieves
Nobody will collect Tinubu's billions
The man is broke now that's why his wife is borrowing

Buhari is really holding Tinubu's shrunken scrotums

No vote buying

76 Likes 2 Shares

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by habsydiamond(m): 8:49pm On Feb 18, 2023
owobokiri:
Parting gift Kee u dia..
Barawo banza
that's there only means to win and election... bribing their way in through vote buying. Yeye people

34 Likes 1 Share

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by Godwin4444: 8:52pm On Feb 18, 2023
Every sane person knows this policy is anti people but some hatefilled miscreants who believe in hate think it’s only tinubu that will b affected

So na tinubu dey use 4k take withdraw 20k?
So na tinubu dey sleep for atm?


It is only an idiot that will believe a presidential aspirant will have problem withdrawing in d bank

So is it peter obi that stole state money into fidelity bank that will have problem?

23 Likes 4 Shares

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by Hndrrxxx(m): 8:52pm On Feb 18, 2023
Dc
Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by Nobody: 8:52pm On Feb 18, 2023
No be only parting gift, na Thomas Partey

24 Likes 1 Share

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by Godwin4444: 8:52pm On Feb 18, 2023
FORHII:
Some permutations going on here in the North... APC people going about giving false hope by telling lies that if BAT wins he'll reverse the policy and their monies will not be wasted....I just pray God almighty will allow Peter Obi win the presidential election come Feb 25th 2023.
u igbos will b disgraced by this time next week

Get ready to see asiwaju as your president whether u like it or not

11 Likes 2 Shares

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by Stephrose: 8:52pm On Feb 18, 2023
Parting gift kee you there

14 Likes

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by Coolsperm: 8:53pm On Feb 18, 2023
Tinubu is the major cause of this currency problem, Tinubu stole money Tru bullion van during last election

28 Likes 2 Shares

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by Brendaniel: 8:53pm On Feb 18, 2023
Hmmmm
Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by eneyoduke(m): 8:53pm On Feb 18, 2023
Vote buyer like you 😂😂

15 Likes

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by Arkmanbuddy(m): 8:53pm On Feb 18, 2023
This is what is going to happen eventually.
Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by Obakoolex(m): 8:53pm On Feb 18, 2023
To think this naira saga is all to punish Tinubu because of stacked cash is the most stupid assumption anyone can ever have.
Let's imagine it's true, do you think tinubu out of all people will find it difficult to make the money legit and find its way into the banking system in the multiple said weeks before deadline
Now this man has loyal made men in all local government in Nigeria, are you saying to get new notes and foreign currencies even from aboki will be so hard for him to influence electorates?

It's only zombies that truly believe such tales🤠

8 Likes 2 Shares

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by shuttox: 8:54pm On Feb 18, 2023
Selfish politicians
Let's see what happens

Even I wonder people praising wike

Wike is selfish too

4 Likes

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by NothingDoMe: 8:54pm On Feb 18, 2023
Just nice to see the governors suddenly fighting for the people in this last minute of Buhari's 8 years.

Wonderful governors.

8 Likes

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by Pandev(m): 8:54pm On Feb 18, 2023
Leave bubu alone, he'll regret all this nonsense he's doing right now. Let Asiwaju win first

1 Like

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by owiko(m): 8:54pm On Feb 18, 2023
Kolewerk sir, choose another parting gift. Next Saturday go sweet die

15 Likes

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by Eriokanmi: 8:54pm On Feb 18, 2023
Too late , dear Aketi.

You don't scare or threaten a sitting president with lawsuit over a policy, you appeal to him instead. That was a costly mistake you guys have made.

I don't see buhari reconsidering this your joke

19 Likes

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by Franking: 8:54pm On Feb 18, 2023
APC falling apart. No be God?

7 Likes

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by TOYNEX(f): 8:54pm On Feb 18, 2023
This cash crunch is a game changer, The way Nigerian Governors now love their people is amazing, they are really fighting for "the masses"... LOLs

20 Likes 2 Shares

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by Ofunaofu: 8:55pm On Feb 18, 2023
Akeredolu and his fellow governors have suddenly become sympathetic to the plight of the masses

10 Likes

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by JoeNL22(m): 8:55pm On Feb 18, 2023
Na so.....make una do voting buying abi?
God forbid BAT thing!

12 Likes

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by Offpoint1: 8:55pm On Feb 18, 2023
We've got our parting gift of Free and fair election already.

13 Likes 1 Share

Re: Akeredolu Tells Buhari To Allow Old & New Naira Notes Co-Exist As Parting Gift by Reinamaria(f): 8:55pm On Feb 18, 2023
Parting gift to who? Politicians of course.

Pandev:
Leave bubu alone, he'll regret all this nonsense he's doing right now. Let Asiwaju win first

Tinubu cannot do more than a dead rat!

12 Likes 1 Share

(1) (2) (3) (4) (5) (Reply)

Beneficiaries Of Tinubu/Shetima-NAIRAXI Transit Scheme Congratulate Bola Tinubu / Tinubu Urges Boakai To Unite Liberia, Commends Weah For Conceding Defeat / The Increase In VAT Is Set To Become The Blazing Inferno- Atiku

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 45
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.