Will Buhari extend deadline for old Naira notes swap deadline? Governor El-Rufai shares details
- Governor El-Rufai said the state governments which sued the FG over the Naira redesign policy have rejected the plan to extend the deadline for the validity of the old notes
- The Kaduna state governor said FG’s plan was to allow only the old N200 note to remain legal tender and be circulated by the CBN till April 10
- El-Rufai said the plaintiff governors rejected the FG’s proposal as insincere and invested their hopes in the Supreme Court
Kaduna – Governor Nasir El-Rufai of Kaduna state has shared details of the alleged proposed plans by the federal government to extend the deadline for the swapping of the old Naira notes.
TheCable had reported that the federal government proposed conditions on the naira redesign policy, including a new deadline of April 10 for the old notes.
Old Naira notes deadline: 4 things to know as Supreme Court adjourns suit filed by state governments
However, the Kaduna governor in a statement released by Muyiwa Adekeye, his Special Adviser on Media and Communication, said the governors suing the FG have rejected the offer and explained why.
Read the full statement below:
KDSG says no meeting has held this week between FG and governors
A few hours after the Supreme Court adjourned the currency redesign case today, The Cable, a respected publication, published what it described as an exclusive story regarding the intentions of the Federal Government on the matter.
Malam Nasir El-Rufai would like to clarify that The Cable has been misled by its sources on this issue. There has been no meeting this week between the FG and either the Nigerian Governors’ Forum (NGF) or the Progressive Governors Forum (PGF), not to talk of one lasting till the wee hours of today, Wednesday, 15 February 2023.
Buhari, Emefiele Strategise as More State Governors Challenge Legal Status of Old Naira Notes at Supreme Court
Rather, senior officials of the FG reached some governors, including Malam Nasir El-Rufai, on phone to initiate discussions on a possible out of court settlement. The terms they proposed were to allow only the old N200 note to remain legal tender and be circulated by the CBN till 10 April 2023. They claimed that the CBN had already destroyed the old N500 and N1000 notes that had been deposited, but that those persons who still held the old notes could redeem them up to 10 April 2023.
These were not considered as serious proposals, for obvious reasons. Circulating the old N200 notes alone would not be sufficient to relieve widespread human suffering in Kaduna State, and indeed in Nigeria today.They knew that and that is why they falsely claimed that the CBN had already destroyed the old N500 and N1000 notes. This is contrary to the fact available to the governors to the effect that the old notes were in the custody of commercial bank branches throughout Nigeria until the evening of Monday, February 13, and not a single N500 or N1000 had been destroyed.
It is also a non-starter to insist on a new cut off date without first assuring that sufficient new notes would have been printed and circulated. Information available to the governors also indicates that the Mint will need at least 12 months to print the minimum amount of N1 trillion needed to ensure a functioning trade and exchange environment in Nigeria.
The tabling of false facts, inadequate solutions to the sufferings of our people, and the bad faith that some of the FG negotiators displayed in our phone conversations and chats have now been taken further in leaking a false account and context to a respected medium. The plaintiff governors rejected the draft proposal as insincere, and invested our hopes in the Supreme Court of Nigeria.
Malam Nasir El-Rufai will be addressing the people of Kaduna State on this currency redesign mess, the consequences of the extension of the injunction of the Supreme Court of Nigeria, and related matters tomorrow. But the Kaduna State Government feels it is important tonight not to allow an exclusive falsehood to stand, or even gain the slightest traction. This statement is therefore issued to put the records straight.
Misbau Alamu Lateef commented on Facebook:
“God bless you Mallam El-Rufai. Posterity will be kind to you and all you stand by ordinary Nigerians at this time.”
Bala Adamu said:
“Alhamdulillah Sardauna, you are our hope, we are behind you to see to the end of these mess and electing Tinubu is final we have already took a decision no going back insha Allah.”
Garba Ashiru said:
“Our votes for APC remain unshakable but our love for PMB is gone forever. Very insensitive to the plight of the poor masses that massively vote for him with a promise of a better life. You are a leader per excellence and your effort is well appreciated.”
Hon Akinkunmi Kameel Dikrullah said:
“You’re fighting this course on behalf of Nigerians .we’re solidly behind you. Kudos to El-Ruffy.”
Michael Omosegbon said:
“Your Excellency, history will be kind to you with your like mind Governors for bearing the cross and cause of the common man. This hardship is avoidable and highly regrettable.
“Please, pursue this case to the logical conclusion. God bless you.”
Naira redesign: Governor Ortom advises Buhari to review policy
In another report, Governor Samuel Ortom of Benue state has warned President Buhari that the Naira redesign policy that is impoverishing Nigerians will sink his image forever.
Ortom, in a thread of tweets on Wednesday, February 15, said this is the worst policy the federal government has ever made, as Nigerians were suffering and some dying.
“This is the worst policy done by the Federal Government. Nigerians are suffering and some are dying. The people are feeling the pains; their children can’t go to school; they have nothing to eat, Ortom said.