Obiorah said this while testifying virtually before the FCT High Court at the resumed hearing in the ongoing trial of the suspended governor of the CBN, Godwin Emefiele.
Browsing: Naira Redesign
The farmers said this in separate interviews with the News Agency of Nigeria (NAN) Friday in Lagos.
The Kaduna State Governor spoke after the Supreme Court on Friday ordered the Federal Government to reverse it.
The Court had on February 8, 2023 restrained the CBN from giving effect to the deadline on the use of old Naira notes.
The resolution was made known to newsmen by the National Chairman of the party, Senator Abdullahi Adamu on Sunday.
The Senior Advocate of Nigeria said this when he featured at the News Agency of Nigeria Forum in Abuja on Sunday.
2. On behalf of the government of Kaduna State, I wish to express my deepest regret at the needless suffering you are enduring as a result of the prolonged fuel shortage and the difficulties occasioned by the so-called “currency redesign” policy of the Central Bank of Nigeria. We understand your pain. I assure you that as your State Governor, I have been working with my other colleagues to do everything in our power to end these pains.
The lawmakers further noted that even though the policy was a good one, its timing was wrong as it had further thrown the country into economic chaos which could become difficult to resolve if urgent steps are not taken.
This is as calls from various quarters have poured in pleading and demanding with the apex bank to shift grounds and extend the deadline in order to allow Nigerians more time to return their old notes to deposit money banks, better known as commercial banks.
The House also threatened to issue similar warrant leading to the arrest of the Managing Directors (MDs) of commercial banks who failed, refused or neglected to honour its summons.
The two-term former Lagos State Governor made the declaration on Wednesday in Abeokuta, the Ogun State capital
President Muhammadu Buhari made his position known in an interview he granted the Nigerian Television Authority.
The Chairman of the EFCC, Abdulrasheed Bawa, made this known to Daily Trust in an exclusive interview on Thursday.
“What is my business with depositing old notes in the banks? I don’t keep money at home. I don’t have the kind of money the Central Bank of Nigeria is looking for.”
This was contained in a statement issued and signed on Tuesday by the group’s Director, Professor Ishaq Akintola.
Emefiele spoke on the criticism of the policy by the Minister in a statement he issued and signed on Friday in Abuja.
Moghalu made his support for the redesigning of Naira known in a series of tweets on his Twitter handle on Friday.
LCCI Director General, Dr. Chinyere Almona gave the warning in a press statement she signed Friday on behalf of the Chamber and made available to The Eagleonline.