Naira Scarcity: Monarch Urges FG, CBN To Respect Supreme Court

The Oluwo of Iwo, Oba Abdulrosheed Adewale Akanbi, has appealed to President Muhammad Buhari to influence the Central Bank of Nigeria (CBN) to respect the Supreme Court judgement on the recirculation of new Naira notes.

This is as he described the silence of the presidency and CBN as grievous affront that could turn judiciary to paperweight arms of government.

In a statement signed by his Chief Press Secretary, Alli Ibraheem on Monday, Oba Akanbi lamented the sufferings of Nigerians in the face of naira scarcity and urged the government to be sensitive to people’s pain.

He feared the continuous silence of the Federal Government and CBN will not only heighten the starvation inflicted on Nigerians but will also dampen the country’s economy.

He pleaded with President Muhammad Buhari to instruct the CBN on new naira note recirculation has guaranteed by the apex court.

“There is need by the federal government to respect the sanctity of judiciary by respecting the supreme court judgement on the new naira note recirculation.

“Nigerians are suffering. I appeal to President Muhammad Buhari for a review of the new naira regime to restore the hope in the judiciary.

“It is pathetic seeing us in this naira mess where you have your money in account but don’t have access to cash to buy common bottle water.

“It is worst in the side of the masses, artisans and petty traders without account.

“Nigerians can no longer endure this hardship. Supreme Court has spoken.

“Please, the federal government and CBN should please listen.

“The silence of the naira authorities will turn judiciary to paperweight should they refuse to act on the directive of the apex court.

“I fear and pray the continuous silence will not promote anarchy in the country.”