29th April 2024
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Violation Of Supreme Court verdict On Naira Swap Policy Dangerous, ACF Warns Buhari

Violation Of Supreme Court verdict On Naira Swap Policy Dangerous, ACF Warns Buhari

The Arewa Consultative Forum (ACF) has warned President Muhammadu Buhari over his continuous silence and disobedience to the Supreme Court ruling on the use of the old naira, noting that it could lead to the breakdown of law and order.

ACF’s Secretary-General, Murtala Aliyu, made the the expression while as agreeing with the governors of Kaduna, Kogi and Zamfara states who sued the Federal Government over the policy.

Aliyu said the current approach of the Central Bank of Nigeria (CBN) raises concerns about the respect for the civil liberties and rights of Nigerians as it relates to their freedom to use legitimately earned income as they so wish.

He further said that the president, as under a oath, should respect the Constitution by obeying the apex court judgment. 

He argued that, “Whatever the CBN or anyone else says about the benefits of the policy, which evidently are many, is of little comfort as soon as the highest court in the country has deemed that it is, or, at least the manner of its implementation, breaches the law.

“Ten days is long enough time for the government to find its way towards complying with a court order which is central to the achievement of peace, order and good governance in the country. 

“President Buhari is under oath to defend the constitution of Nigeria. As his long term supporters, it will be remiss of us if we fail to warn that the much touted benefits of the Naira redesign can never justify the damage to his credentials as a democrat and a stickler for the rule of law.

“This is quite a part from the real possibility of the crisis morphing into a serious social disorder leading to the possible breakdown of law and order throughout Nigeria.”

“We do not believe nor can we advise him to pay such a heavy price on account of a policy whose immediate goals are not entirely clear to a majority of Nigerians,” Aliyu added. 

He, however, decried the huge crowds and long queues formed around bank offices and ATM points across the country “as people struggle to get the new cash which has remained extremely scarce, which has triggered riots and other forms of civil unrest.”

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