• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Tuesday, August 11, 2026
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Buhari denies defying court over banknotes

Banknotes

The Matters Press by The Matters Press
March 13, 2023
Reading Time: 2 mins read
0
New Naira notes unavailable even as CBN campaigns for acceptance

The Presidency has denied instructing the Attorney General and the CBN to disobey any court orders involving the government and other parties regarding

RELATED POSTS

Military gets pay rise

Nigeria marches toward state police

Nigeria today, terse position

The presidency was reacting to accusations of the inaction of President Muhammadu Buhari on the Supreme Court’s directives for the continuing legality of the old Naira notes until December.

According to Mr Garba Shehu, the Senior Special Assistant to the President
(Media & Publicity), the president has never disobeyed any court’s order since he was sworn into office in 2015.

He said that the president strongly belief that we can’t practise democracy without the rule of law and the commitment of his administration to this principle has not changed.

“Following the ongoing intense debate about the compliance concerning the legality of the old currency notes, the Presidency therefore wishes to state clearly that President Buhari has not done anything knowingly and deliberately to interfere with or obstruct the administration of justice.

“The President is not a micromanager and will not, therefore, stop the Attorney General and the CBN Governor from performing the details of their duties in accordance with the law.

“In any case, it is debatable at this time if there is proof of wilful denial by the two of them on the orders of the apex court.’’

The directive of the President, following the meeting of the Council of State. is that the Bank must make available for circulation all the money that is needed and nothing has happened to change the position.

It is an established fact that the President is an absolute respecter of judicial process and the authority of the courts.

“He has done nothing in the last eight or so years to act in any way to obstruct the administration of justice, cause lack of confidence in the administration of justice, or otherwise interfere or corrupt the courts and there is no reason whatsoever that he should do so now when he is getting ready to leave office.

The negative campaign and personalised attacks against the President by the opposition and all manner of commentators is unfair and unjust, as no court order at any level has been issued or directed at him.

“As for the cashless system the CBN is determined to put in place, it is a known fact that many of the country’s citizens who bear the brunt of the sufferings, surprisingly support the policy as they believe that the action would cut corruption, fight terrorism, build an environment of honesty and reinforce the incorruptible leadership of the President,’’ he said.

“It is therefore wide off the mark to blame the President for the current controversy over the cash scarcity, despite the Supreme Court judgement. The CBN has no reason not to comply with court orders on the excuse of waiting for directives from the President.’’

President Buhari has also rejected the impression that he lacks compassion, saying that “no government in our recent history has introduced policies to help economically marginalised and vulnerable groups like the present administration.”

Tags: Banknotes
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

Military gets pay rise

August 5, 2026
Police nab 233 officers for graft
News

Nigeria marches toward state police

August 4, 2026
Tinubu’s economic reforms encourage investment – UK
Energy

Nigeria today, terse position

August 2, 2026
Tinubu tells the world: Africa Does Not Wish to Replace Old Shackles With New Ones
Economy/Technology

Resilience, patriotic endurance of Nigerians keep Tinubu’s historic economic reforms alive

July 30, 2026
FG achieves economic growth in spite of global shocks – Minister
Economy/Technology

IMPI acknowledges Nigerians as ultimate hero of reforms as economy turns around

July 30, 2026
NLC’s insistence on eating the seed and expecting a harvest is a metaphor for an absurdity
Economy/Technology

NIGERIANS AS ACTUAL EXECUTORS OF TINUBU’S REFORMS AS ECONOMY TRANSITS FROM CONSUMPTION TO PRODUCTIVITY

July 30, 2026
Next Post
No hiding place for CBN, old N200, N500 and N1,000 still legal tender

No hiding place for CBN, old N200, N500 and N1,000 still legal tender

Africa’s remittance inflows hit $72b

Naira loses further to dollar

Recommended Stories

Experts seek implementation of economic development plans

Nigeria to revive economic ties with Mexico

July 29, 2022
Food shortage: Nigeria bans foreigners from direct purchase of produce from farmers

AU members calls for improved nutrition, food security

December 24, 2022
Electronic collection of data from states, Councils ready by March – RMAFC

Electronic collection of data from states, Councils ready by March – RMAFC

January 17, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Military gets pay rise
  • Nigeria marches toward state police
  • Nigeria today, terse position

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us