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Home NEWS

Naira Redesign: crisis: Buhari’s broadcast is contempt of court – Adegboruwa

Seyi Babalola by Seyi Babalola
February 16, 2023
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Senior Advocate of Nigeria, Ebun-Olu Adegboruwa, said President Muhammadu Buhari’s broadcast over the naira crisis on Thursday is a contempt of the Court.

He described Buhari’s action as executive rascality and brazen disregard for the rule of law.

In a statement released to reporters on Thursday, Adegboruwa disclosed that President could not overrule the Supreme Court of Nigeria.

He stated that Buhari should reverse his directive and include N500, and N1000 old notes.

Buhari, in his broadcast on Thursday, directed the Central Bank of Nigeria, CBN, to allow only the old N200 notes to co-circulate with the new N200, N500 and N1000 banknotes for 60 days.

READ ALSO  2023: I Am Loyal to Buhari, Amaechi Tells Rivers Delegates

But in a swift reaction to Buhari’s directive, Adegboruwa said, “There is the separation of powers in a democracy.

“It amounts to executive rascality, brazen disregard, and contempt of the Supreme Court for the President to separate the denomination of the old notes for legality. It is not open to the President to choose which portion of the order of the Supreme Court will be obeyed.”

Text except headline courtesy Daily post

Tags: Adegboruwa
Seyi Babalola

Seyi Babalola

Experienced Communications Expert and Journalist with an excellent track record of overseeing every aspect of news publishing from research, news collection/sourcing, editing and distribution. Adept at planning and implementing strategic initiatives across PR, broadcast and digital marketing to attract the target audience. Versatile and proactive individual with interest in public relations, media management, and Fact Checks.

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