• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Saturday, January 17, 2026
No Result
View All Result
NewsNet Nigeria
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos
NewsNet Nigeria
No Result
View All Result
Home Economy

Buhari denies instructing Emefiele, Malami to disobey S’Court judgment on validity of old naira notes

by Felix Ekwu
3 years ago
in Economy
2023: Fuel & Naira Scarcity, A Stitch In Time, Mr. President By Dr. Aliyu U. Tilde

President Muhammadu Buhari

Share on FacebookShare on TwitterShare on LinkedinShare on Whatsapp

President Muhammadu Buhari distanced himself from the non-compliance of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele and the Attorney-General of the Federation (AGF) Abubakar Malami (SAN) to the judgment of the Supreme Court judgment that old naira notes of N200, N500 and N1,000 remain legal tender until December 31 and co-exist with the new notes.

The Presidency on Monday in a statement by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, said at no time did President Buhari instruct the AGF and the CBN governor to disobey any court orders involving the government and other parties stressing that since 2015 the President has never directed anybody to defy court orders.

While saying that democracy cannot be practised in the country without the rule of law and that the commitment of his administration to this principle has not changed, the Presidency in the statement noted that President Buhari is not a micromanager and will not, therefore, stop the Attorney General and the CBN governor from performing the details of their duties in accordance with the law.

The Presidency added that the CBN has no reason not to comply with court orders on the excuse of waiting for directives from President Buhari as he is an absolute respecter of the judicial process and the authority of the courts.

“Following the ongoing intense debate about the compliance concerning the legality of the old currency notes, the Presidency, therefore, wishes to state clearly that President Buhari has not done anything knowingly and deliberately to interfere with or obstruct the administration of justice.

“The President is not a micromanager and will not, therefore, stop the Attorney General and the CBN governor from performing the details of their duties in accordance with the law.

“In any case, it is debatable at this time if there is proof of willful denial by the two of them on the orders of the apex court.

“The directive of the President, following the meeting of the Council of State, is that the bank must make available for circulation all the money that is needed and nothing has happened to change the position.

“It is an established fact that the President is an absolute respecter of the judicial process and the authority of the courts.

“He has done nothing in the last eight or so years to act in any way to obstruct the administration of justice, cause lack of confidence in the administration of justice, or otherwise interfere or corrupt the courts and there is no reason whatsoever that he should do so now when he is getting ready to leave office.

“The negative campaign and personalised attacks against the President by the opposition and all manner of commentators is unfair and unjust, as no court order at any level has been issued or directed at him.”

“As for the cashless system the CBN is determined to put in place, it is a known fact that many of the country’s citizens who bear the brunt of the sufferings surprisingly support the policy as they believe that the action would cut corruption, fight terrorism, build an environment of honesty and reinforce the incorruptible leadership of the President.

“It is, therefore, wide off the mark to blame the President for the current controversy over the cash scarcity, despite the Supreme Court judgment.

“The CBN has no reason not to comply with court orders on the excuse of waiting for directives from the President.

“President Buhari has also rejected the impression that he lacks compassion.

“No government in our recent history has introduced policies to help economically marginalised and vulnerable groups like the present administration,” said the Presidency in the statement.

Previous Post

Okowa debunks N850bn loan allegation

Next Post

Old N200, N500, and N1,000 banknotes remain legal tender – CBN

MORE NEWS

IBEDC: When will this pain be over?
Economy

IBEDC: When will this pain be over?

January 17, 2026
Delta Govt Commences ₦29.8bn Aboh–Akarai Road, Seven-Span Okiri River Bridge in Ndokwa East
Economy

Delta Govt Commences ₦29.8bn Aboh–Akarai Road, Seven-Span Okiri River Bridge in Ndokwa East

January 17, 2026
Nani Applauds Oborevwori’s SUV Gift, Says Respect for Monarchs Strengthens Grassroots Governance
Economy

Nani Applauds Oborevwori’s SUV Gift, Says Respect for Monarchs Strengthens Grassroots Governance

January 16, 2026
7.5% VAT Hits Banking Fees as Moniepoint Begins Collection January 19
Economy

7.5% VAT Hits Banking Fees as Moniepoint Begins Collection January 19

January 15, 2026
Next Post
Shoprite, Rainoil, Otres, others stop collection of old naira notes in Delta

Old N200, N500, and N1,000 banknotes remain legal tender - CBN

Leave Comment

RECENT STORIES

Senator Ned Nwoko Celebrates Okowa at 66

Delta North 2027: Why Legislative Energy Matters More Than Past Presence

January 17, 2026
IBEDC: When will this pain be over?

IBEDC: When will this pain be over?

January 17, 2026
Delta Govt Commences ₦29.8bn Aboh–Akarai Road, Seven-Span Okiri River Bridge in Ndokwa East

Delta Govt Commences ₦29.8bn Aboh–Akarai Road, Seven-Span Okiri River Bridge in Ndokwa East

January 17, 2026
DOPF Urges Oborevwori to Urgently Assent, Implement Community Security Corps Law

DOPF Urges Oborevwori to Urgently Assent, Implement Community Security Corps Law

January 17, 2026
Rose Ezewu Assumes Duty as Delta Commissioner for Primary Education, Pledges Strong Reforms

Rose Ezewu Assumes Duty as Delta Commissioner for Primary Education, Pledges Strong Reforms

January 17, 2026

TRENDING STORIES

  • Oborevwori Effects Minor Cabinet Reshuffle, Names Three to DELSU Governing Council

    Oborevwori Effects Minor Cabinet Reshuffle, Names Three to DELSU Governing Council

    0 shares
    Share 0 Tweet 0
  • Delta Govt Redeploys Sapele Technical College Principal Over Grave Infractions

    0 shares
    Share 0 Tweet 0
  • Oborevwori Hands 65 SUVs to Delta Royal Fathers, Calls Them ‘Tools of Service’

    0 shares
    Share 0 Tweet 0
  • Kidnap Plot Foiled in Upper Agbarho as Gunmen Abandon Rifles, Ammunition

    0 shares
    Share 0 Tweet 0
  • “Success Is Not Accidental” — Oborevwori Celebrates Egukawhore’s Diamond Jubilee

    0 shares
    Share 0 Tweet 0
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.

No Result
View All Result
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.