Emefiele Now Put To Shame – Fani-Kayode Reacts To Supreme Court’s Ruling On Naira Policy

 

A chieftain of the All Progressives Congress (APC) and member of the party's presidential campaign council, Femi Fani-Kayode has mocked Godwin Emefiele, Governor of the Central Bank of Nigeria following a ruling by the Supreme Court on Friday nullifying President Muhammadu Buhari's cashless and Naira redesign policy.

 

Recall that the apex court today declared that the naira redesign policy was an affront to the 1999 Constitution of the country.

 

Justice Emmanuel Akomaye Agim, who read the lead judgment of the Court, said President Buhari breached the Constitution of the Federation in the ways and manners he issued directives for redesigning the Naira by the CBN.

 

In its ruling, the apex court noted that the President acted Ultra vires by his obvious failure to consult with the National Council of States, Federal Executive Council (FEC), and the National Economic Council (NEC) before directing the CBN to introduce new Naira notes unlawfully.

 

Reacting on Twitter, Fani-Kayode claimed that Buhari was misled.

 

He wrote: “Thank God for the Nigerian Supreme Court. The old notes are back and the policy of collecting people’s money and not giving them value for it has been declared illegal. Emefiele and all those behind this illegal policy and that misled our President have been put to shame. Glory.”