FOLLOWING the Central Bank of Nigeria’s (CBN) compliance with the Supreme Court’s order validating the old naira notes, Zamfara State Governor, Bello Matawalle, said Nigerians may now breath a sigh of relief as more cash is likely to circulate.
The apex bank directed money deposit institutions yesterday to accept and disburse old naira notes till December 31, as stipulated by the apex court.
In a rapid response, Governor Matawalle welcomed the CBN’s instruction as a win for Nigerians.
According to the governor’s spokesman, Zailani Bappa, the suit filed by several state governments against the naira redesign policy is for the welfare of the country’s micro-economy and the well-being of the typical Nigerian.
“All Nigerians can now sigh a relief on this matter, and we expect more cash to be in circulation to ease our pains, while those who were unable to replace their old naira notes with the scarce new notes will no longer lose their hard-earned money,” he stated.
“Those who accused us of going to court for the sake of the presidential elections, even as Nigerians groaned under the policy implementation, are now proven wrong as we did not relent until we succeeded in achieving our demand to its logical conclusion.”
He also applauded President Muhammadu Buhari for distancing his administration from any attempt to undermine the Supreme Court’s decision on the subject, believing that the measure has tremendously aided the people’s victory.
Matawalle is confident that all banks would fully comply, and he urges the public to fully recognize the worth of old naira notes till December 31.
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