New naira: Direct CBN to obey court order, SERAP tells Buhari

New naira: Direct CBN to obey court order, SERAP tells Buhari


The Socio-Economic Rights and Accountability Project has urged the President, Major General Muhammadu Buhari (retd.), 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 to continue to receive the notes from Nigerians.”

SERAP urged Buhari “to publicly instruct the CBN to immediately and effectively implement the Supreme Court decision ordering an end to the cash withdrawal limits imposed by banks because such restrictions violate citizens’ right to freely use their property.”

SERAP also urged the President “to disclose the measures that your government is taking to direct the CBN to immediately re-circulate the old N200, N500, and N1,000 notes, as ordered by the Supreme Court.”

In the letter dated March 4, 2023 and signed by SERAP deputy director Kolawole Oluwadare,…

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New naira: Direct CBN to obey court order, SERAP tells Buhari

 

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