Naira Redesign: ‘Disclose How You’re Obeying Supreme Court Orders’, SERAP Tells Buhari.
The Socioeconomic Rights and Accountability Project (SERAP) has asked President Muhammadu Buhari to disclose the government’s plans to comply with the recent Supreme Court Naira Reform Order.
Last week, the Supreme Court ruled that the Central Bank of Nigeria must continue to receive banknotes from Nigerians, ruling that the old N200, N500, and N1,000 naira banknotes will expire on December 31. extended. The court ruled that without proper consultation, the president’s order to redesign the new notebook was void.
SERAP in a statement on Sunday by its deputy director Kolawole Oluwadare, urged Buhari to “disclose details of the measures your government is taking to immediately and effectively obey the Supreme Court decision extending the validity of the old N200, N500, and N1,000 notes, and directing the Central Bank of Nigeria (CBN) to continue to receive the notes from Nigerians.”
The rights group also hopes the president will “publicly direct CBN to swiftly and effectively implement the Supreme Court’s decision ordering the end of bank-imposed restrictions on cash withdrawals.
“The public interest is paramount in disclosing details of the actions your government and CBN are taking to effectively and satisfactorily comply with the Supreme Court’s ruling,” the statement said.
“Disclosure of the actions your government and CBN are taking to implement Supreme Court decisions will also allow Nigerians to monitor and verify the level of compliance with the decisions.
“The public should not be kept secret about what your government and the CBN are doing to implement decisions. It will also increase public confidence in governance and democracy.”