NAIRA SWAP: BUHARI CAN’T OVERRULE SUPREME COURT – Ozekhome

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Activist-lawyer Dr. Mike Ozekhome, SAN, has said that President Muhammadu Buhari had In his February 16 National Broadcast, unlawfully varied the Supreme Court’s order on the naira redesign policy,

According to Ozekhome, the President’s act was “a direct assault” on the authority of the apex court, the head of the Judiciary and the third arm of government. 

He warned that Buhari’s order had invited chaos, anarchy and national upheaval, because, in his view, the Federal Government was using the naira redesign policy to “oppress and torment its citizens.

It would be recalled that last Wednesday, the Supreme Court, in a case filed by Kaduna, Kogi and Zamfara states, barred the Federal Government, acting through the Central Bank of Nigeria (CBN) or any other agent, from enforcing the February 10 deadline for the use of old naira notes.

In a unanimous ruling by a seven-member panel, led by Justice John Okoro, it held that the “interim injunction” will subsist “pending the hearing and determination of the plaintiffs/applicants’ motion on notice for interlocutory injunction.”

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