• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Monday, June 30, 2025
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

Naira Policy: Gbajabiamila condenms Buhari’s “disregard” for rule of law

by NewsNet Nigeria
2 years ago
in Economy
Naira Policy: Gbajabiamila condenms Buhari’s “disregard” for rule of law
Share on FacebookShare on TwitterShare on LinkedinShare on Whatsapp

The Speaker of the House of Representatives, Femi Gbajabiamila, on Thursday described the pronouncement by President Muhammadu Buhari on the naira policy as “disregard” of rule of law because it is short of the order of the Supreme Court.

Mr Gbajabiamila in a statement by his spokesperson, Lanre Lasisi, said however that the extension of the legal status of the N200 note is a step in the right direction, and hopes it helps curb Nigerians’ suffering

He noted that Buhari’s pronouncement is short of the directive of the Supreme Court.

The Speaker further noted that the federal government could not afford situations that “suggest a wanton disregard for the rule of law.”

“It is not to the benefit of our country for the federal government to act in ways that suggest a wanton disregard for the rule of law. It will be better for us to strictly adhere to the court’s order in this matter pending the adjudication of the substantive suit,” he said.

Mr Gbajabiamila said the inability of the governor of the CBN, Godwin Emefiele, to listen to counsel caused the scarcity of the naira.

On Thursday morning, Mr Buhari, in a nationwide broadcast, said he had instructed the Central Bank of Nigeria (CBN) to reintroduce the old N200 note until 10 April, while the old N1,000 and N500 had stopped being legal tender.

The Supreme Court had in an interim order on 8 February ordered the central bank to suspend the 10 February deadline on the currency, but the CBN disregarded the order and insisted on the deadline.

Source: PREMIUM TIMES

Previous Post

Buhari orders circulation of only N200 old notes

Next Post

Councillor in Delta, Ndubuokwu constructs bus stop for Obomkpa community

MORE NEWS

Deaconess Oborevwori distributes another round of food items under RHI to 400 households in Delta
Economy

Deaconess Oborevwori distributes another round of food items under RHI to 400 households in Delta

June 25, 2025
Obi of Issele-Mkpitime commends Senator Ned Nwoko for ongoing community projects
Economy

Obi of Issele-Mkpitime commends Senator Ned Nwoko for ongoing community projects

June 8, 2025
Okumagba congratulates Oborevwori on 2nd anniversary, says Governor has been impactful
Economy

Okumagba congratulates Oborevwori on 2nd anniversary, says Governor has been impactful

May 29, 2025
Adjogbe applauds Oborevwori’s massive development strides in two years
Economy

Adjogbe applauds Oborevwori’s massive development strides in two years

May 29, 2025
Next Post
Councillor in Delta, Ndubuokwu constructs bus stop for Obomkpa community

Councillor in Delta, Ndubuokwu constructs bus stop for Obomkpa community

Leave Comment

RECENT STORIES

Senator Nwoko, his wife, Regina Daniels get accolades from stakeholders for commitment to development of Nigeria’s film industry

Senator Nwoko, his wife, Regina Daniels get accolades from stakeholders for commitment to development of Nigeria’s film industry

June 30, 2025
Auto Draft

Waive pays homage to Udu monarch, pledges total allegiance

June 30, 2025
Delta Speaker calls for stakeholders’ commitment to advancing Nigeria as 10th Benue Assembly holds 2nd Anniversary Thanksgiving Service

Delta Speaker calls for stakeholders’ commitment to advancing Nigeria as 10th Benue Assembly holds 2nd Anniversary Thanksgiving Service

June 30, 2025
Senator Ned Nwoko Felicitates Dein of Agbor on 48th Birthday

Senator Ned Nwoko Felicitates Dein of Agbor on 48th Birthday

June 30, 2025
Okubor misrepresented facts on Delta North Senatorial meeting hosted by Senator Nwoko, says Eboh

Okubor misrepresented facts on Delta North Senatorial meeting hosted by Senator Nwoko, says Eboh

June 28, 2025

TRENDING STORIES

  • Abel Ideh: Don’t Meddle In Our Internal Affairs, DELSU-ASUU Warns DTHA

    Abel Ideh: Don’t Meddle In Our Internal Affairs, DELSU-ASUU Warns DTHA

    0 shares
    Share 0 Tweet 0
  • Tinubu, Jonathan, Akpabio, Others Set for Chief Wellington Okirika Biography Launch on June 26

    0 shares
    Share 0 Tweet 0
  • Delta: Native Doctor Arrested for Concealing Firearms in Ceiling

    0 shares
    Share 0 Tweet 0
  • S’Court Dismisses Second Attempt At Appeal By Dieyi Family In Ogwashi-Uku Royal Dispute

    0 shares
    Share 0 Tweet 0
  • ‘Tehran will shake’, says Israeli Finance Minister as Iran reportedly breaks ceasefire

    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.