Naira Redesign: Buhari finally throws Emefiele under the bus, says, ‘I never told apex bank governor to disobey court orders’

Buhari

President Muhammadu Buhari never told the AGF and the CBN governor to disobey any court orders involving the government and other parties, a press statement from the Presidency has said.

The Presidency on Monday said instead that the Central Bank of Nigeria (CBN) has no reason not to comply with the Supreme Court order on naira redesign on the excuse of waiting for directives from President Muhammadu Buhari.

The press statement signed by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, said the President never told the Attorney General of the Federation (AGF), Abubakar Malami; and the CBN Governor, Godwin Emefiele to disobey any court orders involving the government and other parties.

Recall that the Supreme Court had on March 3, 2023, ordered that old N200, N500 and N1000 notes remain valid till December 31, 2023. This was after 16 states of the Federation instituted a suit to challenge the legality or otherwise of the introduction of the policy.

Led by Kaduna, Kogi and Zamfara, the 16 states had prayed the apex court to void and set aside the policy on the ground that it is inflicting hardships on innocent Nigerians.

Subsequently the court ruled that the disobedience of its February 8 order by the president is a sign of dictatorship, who, it said, breached the Constitution of the Federation in the way he (Buhari) issued directives for the re-designing of the Naira by the CBN.

Despite the March 3 judgement by the Supreme Court, the Presidency, CBN and the AGF kept mum, thus throwing many bank customers and Nigerians into confusion as the ruling of the apex court contradicted the directive of the President on February 16 that old N500 and N1000 notes are banned and that only old N200 notes remain valid till April 10.

Below is full text of the statement by the Presidency titled “President Buhari never told AG and CBN Gov to defy Supreme Court order.”

The Presidency wishes to react to some public concerns that President Muhammadu Buhari did not react to the Supreme Court judgement on the issue of the N500 and N1,000 old currency notes, and states here plainly and clearly that at no time did he instruct the Attorney General and the CBN Governor to disobey any court orders involving the government and other parties.

Since the President was sworn into office in 2015, he has never directed anybody to defy court orders, in the strong belief that we can’t practice democracy without the rule of law and the commitment of his administration to this principle has not changed.

Following the ongoing intense debate about the compliance concerning the legality of the old currency notes, the Presidency therefore wishes to state clearly that President Buhari has not done anything knowingly and deliberately to interfere with or obstruct the administration of justice.

The President is not a micromanager and will not, therefore, stop the Attorney General and the CBN Governor from performing the details of their duties in accordance with the law. In any case, it is debatable at this time if there is proof of willful denial by the two of them on the orders of the apex court.

The directive of the President, following the meeting of the Council of State is that the Bank must make available for circulation all the money that is needed and nothing has happened to change the position.

It is an established fact that the President is an absolute respecter of judicial process and the authority of the courts. He has done nothing in the last eight or so years to act in any way to obstruct the administration of justice, cause lack of confidence in the administration of justice, or otherwise interfere or corrupt the courts and there is no reason whatsoever that he should do so now when he is getting ready to leave office.

The negative campaign and personalised attacks against the President by the opposition and all manner of commentators is unfair and unjust, as no court order at any level has been issued or directed at him.

As for the cashless system the CBN is determined to put in place, it is a known fact that many of the country’s citizens who bear the brunt of the sufferings, surprisingly support the policy as they believe that the action would cut corruption, fight terrorism, build an environment of honesty and reinforce the incorruptible leadership of the President.

It is therefore wide off the mark to blame the President for the current controversy over the cash scarcity, despite the Supreme Court judgement. The CBN has no reason not to comply with court orders on the excuse of waiting for directives from the President.

President Buhari has also rejected the impression that he lacks compassion, saying that “no government in our recent history has introduced policies to help economically marginalised and vulnerable groups like the present administration.”

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