Naira Crisis: APC Reveals Resolution After Hours of Meeting With Tinubu, Govs, NWC

The ruling All Progressives Congress, APC, has asked the Federal Government and the Central Bank of Nigeria, CBN, to comply with the interim order of the Supreme Court which asked parties to maintain the status quo with regards to the naira redesign policy of the apex bank.

This was the outcome of a meeting between state governors of the party, the National Working Committee, NWC and APC Presidential Candidate, Asiwaju Bola Tinubu, which held in Abuja.

The party also asked President Muhammadu Buhari to urgently intervene and halt the current sufferings of the people.

Governors Nasir El-Rufai, Yahaya Bello and Bello Matawalle had earlier taken the Federal Government to the Supreme Court seeking an injunction to suspend the Naira Swap policy of the CBN which has caused untold hardships to Nigerians.

Although the apex court gave an interim order for the Federal Government to maintain the status quo and allow Nigerians to continue to use the old Naira notes, its decision was completely disregarded by the government which has continued with its disruptive implementation.

In a brief interview at the end of the meeting, Adamu said; “I am sure you are quite aware of the fact that a meeting comprising of APC governors was held today and the leadership of the NWC of our great party was summoned for this afternoon and we had discussions and at the end of the discussions, we have resolved as follows and this resolution is without prejudice whatsoever to the case that is lying at the Supreme Court at this point in time. This has to do with the issue of currency redesign.

“We note very seriously that the programme and its implementation is causing tremendous difficulties to the people of Nigeria and to the national economy.

“That, we urge the Attorney-General of the Federation and the Governor of the Central Bank of Nigeria to respect the Supreme Court order of interim injunction which is still subsisting.

“That the meeting is urging His Excellency, Mr President to intervene in resolving issues that are causing these great difficulties to the economy.”

Also speaking, Chairman of the Progressive Governors Forum PGF, a platform for all APC governors, Atiku Bagudu of Kebbi state, said all the parties at the meeting endorsed the resolution.

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