In a recent development, former Kaduna Central lawmaker, Senator Shehu Sani, has offered his advice to state governors on how to tackle the ongoing naira scarcity issue in the country.
According to Senator Sani, the governors should take their grievances directly to President Muhammadu Buhari.
Senator Sani emphasized that the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, and the Attorney-General of the Federation (AGF) Abubakar Malami, are unable to take any action without the President’s approval.
He, therefore, urged the governors to seek the intervention of President Buhari in order to find a lasting solution to the current naira scarcity problem.
Taking to his Twitter account, Sani wrote: “Naira issues; The fact is that Malami and Emefiele can’t do anything without the consent of Buhari. Angry Governors should direct their anger to the right target.”
Postngr recalls that despite the Supreme Court order of March 3 which directed the Central Bank of Nigeria (CBN) to keep the old N200, N500, and N1,000 notes in circulation till December 31, 2023, Nigerians have been facing daily struggles in accessing cash.
The banks have also been sceptical about accepting the old currencies while market men and women have declared they won’t accept the old notes except if there is a direct statement from Buhari or the CBN Governor authorizing it.
Based on the development, some state governors including Yahaya Bello of Kogi and Biodun Oyebanji of Ekiti have threatened to arrest and prosecute those rejecting the old notes.
