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General News of Friday, 17 February 2023


It’s not proper – Wike knocks Buhari over naira notes swap controversy

A collage of Nyesom Wike and President Buhari A collage of Nyesom Wike and President Buhari

Rivers State Governor, Nyesom Wike called out President Buhari for his decision to ban the use of old N500 and N1000 notes.

Wike who is a chieftain of the Peoples Democratic Party (PDP) stressed that the president's decision was not proper.

President Buhari in a brief telecast on Thursday, February 16 instructed the Central Bank of Nigeria to release the old N200 naira notes to banks for circulation.

The Central Bank of Nigeria had extended the deadline for the swap of N200, N500, and N1,000 from January 31 to February 10.

The Supreme Court had ordered the Federal Government and the CBN to discontinue with the deadline pending the determination of a motion on notice in respect of the issue on February 22.

In a media chat, the governor said: “The highest court of the land has made a pronouncement. The Supreme Court has said do not do anything that will affect the use of the old naira note.

“I feel that the President’s declaration is not the proper thing and I am not happy.

“This also tells us how we do not respect or obey the rule of law. At this level, the advisers to the President would have said, ‘This issue is subject to litigation and any step you take will one way or the other affect the Supreme Court’s (stance)’.”