Wednesday, August 20, 2025
  • About
  • Advertise
  • Careers
  • Contact
Newsroom Nigeria
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life
No Result
View All Result
Newsroom Nigeria
ADVERTISEMENT
Home BANKING

NAIRA NOTES: I NEVER TOLD EMEFIELE TO DISOBEY SUPREME COURT – BUHARI

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

Newsroom Nigeria by Newsroom Nigeria
March 13, 2023
in BANKING
Reading Time: 2 mins read
0
SHARES
Share on FacebookShare on Twitter

The Presidency wishes to react to some public concerns that President Muhammadu Buhari did not react to the Supreme Court judgement on the issue of the N500 and N1,000 old currency notes, and states here plainly and clearly that at no time did he instruct the Attorney General and the CBN Governor to disobey any court orders involving the government and other parties.
Since the President was sworn into office in 2015, he has never directed anybody to defy court orders, in the strong 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 willful 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.
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.”

Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
March 13, 2023

Related posts

ZENITH BANK MARKS 35 YEARS ANNIVERSARY, CELEBRATES PIONEER CUSTOMERS AND LONG-SERVING STA

ZENITH BANK MARKS 35 YEARS ANNIVERSARY, CELEBRATES PIONEER CUSTOMERS AND LONG-SERVING STA

August 18, 2025
FIRSTBANK MARKS SIGNIFICANT MILESTONE: ₦1 TRILLION IN INSTANT DIGITAL LOAN DISBURSEMENTS

FirstBank Agric and Export Conference: Charting a New Course for Non-Oil Exports

August 14, 2025
ShareTweetSendShareShare
Previous Post

IGLSA Congratulates Tinubu, Announces Grants for Whistleblowers on Election Infractions

Next Post

JOURNALIST ABDUCTED IN OGUN STATE RESCUED

Related Posts

ZENITH BANK MARKS 35 YEARS ANNIVERSARY, CELEBRATES PIONEER CUSTOMERS AND LONG-SERVING STA
BANKING

ZENITH BANK MARKS 35 YEARS ANNIVERSARY, CELEBRATES PIONEER CUSTOMERS AND LONG-SERVING STA

August 18, 2025
FIRSTBANK MARKS SIGNIFICANT MILESTONE: ₦1 TRILLION IN INSTANT DIGITAL LOAN DISBURSEMENTS
BANKING

FirstBank Agric and Export Conference: Charting a New Course for Non-Oil Exports

August 14, 2025
FIRSTBANK MARKS SIGNIFICANT MILESTONE: ₦1 TRILLION IN INSTANT DIGITAL LOAN DISBURSEMENTS
BANKING

FirstBank Champions Inclusive Fintech Innovation at Canada-Africa Fintech Summit (CAFS 2025)

August 10, 2025
FIRSTBANK MARKS SIGNIFICANT MILESTONE: ₦1 TRILLION IN INSTANT DIGITAL LOAN DISBURSEMENTS
BANKING

FirstBank Retains Top Spot as Nigeria’s Best Bank for ESG At 2025 Euromoney Awards  

July 30, 2025
Polaris Bank Empowers, Impact over 3000 Youths in Ajegunle Community at 2025 Maracana Children’s Fest
BANKING

Polaris Bank Empowers, Impact over 3000 Youths in Ajegunle Community at 2025 Maracana Children’s Fest

July 22, 2025
ZENITH BANK NAMED NIGERIA’S BEST BANK AT EUROMONEY AWARDS FOR EXCELLENCE 2025
BANKING

ZENITH BANK NAMED NIGERIA’S BEST BANK AT EUROMONEY AWARDS FOR EXCELLENCE 2025

July 21, 2025
Next Post

JOURNALIST ABDUCTED IN OGUN STATE RESCUED

RECOMMENDED NEWS

2023: CBN GOVERNOR MUST DISENGAGE FORTHWITH – GOV AKEREDOLI

3 years ago

TINUBU MEETS WITH DUTCH PRIME MINISTER, DETAILS ROADMAP FOR ENHANCED TRADE OPPORTUNITIES

1 year ago

Ekiti LG Election: Rights Group Deploys 400 Observers

2 years ago

NIGERIA, SOUTH AFRICA SIGN PACT ON MINING DEVELOPMENT

4 months ago

FOLLOW US

ADVERTISEMENT
ADVERTISEMENT

POPULAR NEWS

  • HEDA Commends Appointment of Hon. Kayode Oladele as Acting Chairman of Federal Character Commission

    Freedom of Information Affirmation: Court Grants HEDA’s Application

    0 shares
    Share 0 Tweet 0
  • Sting Operation at Olusegun Obasanjo’s Presidential Library: Court Jails Four For Internet Fraud  

    0 shares
    Share 0 Tweet 0
  • PRESIDENTIAL HOPEFUL, GBENGA HASHIM DONATES  MILLIONS TO NUJ, DEDICATES AWARD RECEIVED TO YOUTHS AND VICTIMS OF INSTITUTIONAL ABUSE

    0 shares
    Share 0 Tweet 0
  • Sting Operation at OOPL:   EFCC Arraigns 23 Suspected Internet  Fraudsters  

    0 shares
    Share 0 Tweet 0
  • EFCC Hands Over N100m Recovered Funds to Federal Ministry

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
Newsroom Nigeria

The NEWSROOM NIGERIA is an independent, liberal on – line news platform committed to the right of the individual to pursue his economic happiness, without undue interference of the state. It shall promote the rights of the individual; right to freedom of worship and conscience, and to hold opinions and impact same without hindrance, subject to such laws are as consistent with the constitution and necessary for the protection of the rights of others.

  • About
  • Advertise
  • Careers
  • Contact

© 2025 Newsroom Nigeria - Designed by Semasir Connect.

No Result
View All Result
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life

© 2025 Newsroom Nigeria - Designed by Semasir Connect.