Naira Scarcity: Buhari, CBN yet to take decision – Presidency

Naira Scarcity: Buhari, CBN yet to take decision – Presidency


The federal government is yet to take a decision on an extension of the deadline for the use of old naira notes, an official has said, further adding to the controversy across the country.

President Muhammadu Buhari’s spokesperson, Garba Shehu, said this in a terse Tuesday night message sent to journalists.

“We wish to state that it is not true that the Federal Government or the Central Bank of Nigeria, CBN have taken a preemptive action on the legality of currency as a legal tender in view of the pendency of the case before the Supreme Court.

“The position of the government and the CBN will be made known upon the determination of the suit coming up tomorrow,” he said.

PREMIUM TIMES reported that the Supreme Court will Wednesday continue hearing in a suit filed by three state governments against the federal government.

The state governments want the Supreme Court to direct the federal government to allow the continued use of both the old and the new naira…

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