Revealed: Real reason petrol stations, others stopped collecting old naira notes

Abubakar Sidiq Usman, the special assistant to the senate president, Ahmed Lawan, on new media, has said that the supreme court injunction on the implementation of the naira redesign policy has left many Nigerians confused.

Usman, a chieftain of the All Progressives Congress (APC), said that though the supreme court has temporarily stopped the end of the use of old naira notes and the federal government promised to comply, there was no former pronouncement.

The APC chieftain added that the silence from the federal government and the Central Bank of Nigeria had brought more confusion into the polity.

Taking to his Twitter page, Usman said there was a report of banks written to petrol stations to stop collecting the old notes, adding that this fuelled the uncertainty on the expiration of the old naira notes.

He then lamented that President Muhammadu Buhari who earlier begged Nigerians to give him 7 days to resolve the crisis caused by the naira redesign policy has now kept mute, even after 10 days.

Last week, the Supreme Court temporarily halted an end to the use of the old Naira notes. Other than the statement by the Attorney General of the Federation that the FG will obey the order, there was no formal pronouncement directing the continuous use of the old notes.

— Abubakar Sidiq Usman (@MrAbuSidiq) February 13, 2023