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S’Court ruling on Naira redesign policy: APC demands Immediate resignation of Malami, Emefiele

The All Progressives Congress (APC) has demanded the immediate resignation of the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, and the Attorney-General of the Federation, Abubakar Malami SAN, as a result of the Supreme Court’s ruling on the Naira redesign policy.  

In a statement released, on Friday, Salihu Lukman, APC’s National Vice Chairman (North West), echoed the claims of some APC governors that President Muhammadu Buhari was misled by those who did not want the APC to win the presidential election.

Recall that the Supreme Court had ruled that the old N200, N500, and N1,000 notes must coexist with the new ones until December 31, 2023.

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In response to the news, Lukman stated that public office holders such as Emefiele and Malami should accept their limitations and resign with dignity following such public office abuse.

He stated, “It is also regrettable that President Muhammadu Buhari could be misled into committing illegal acts and abusing his executive powers, as the Supreme Court has ruled.

“We and all Nigerians are grateful to the Supreme Court Justices led by Justice Akomaye for this historic intervention.

“Godwin Emefiele and Abubakar Malami must take personal responsibility for this illegal act by the Federal Government, given the harmful nature of the consequences of the Federal Government’s cashless policy as it has been implemented to date and the damage to President Buhari’s reputation caused by the Supreme Court’s decision. In developed democracies, public officials who commit such illegal acts resign voluntarily from their positions.

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“Therefore, if the cashless policy of the Federal Government was ostensibly intended to conform with existing legal provisions of the Nigerian Federation, and it turned out to be the exact opposite, both the CBN Governor, Mr. Emefiele, and the Attorney General of the Federation, Mr. Malami, should accept the limits of their knowledge of the law and commitment to democracy by resigning from their respective positions immediately.

“The rule of law is fundamental to democracy, and individuals who flagrantly violate the laws or promote acts that violate the Nigerian Constitution must not be tolerated.”