{"id":249518,"date":"2023-02-16T21:58:37","date_gmt":"2023-02-16T20:58:37","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=249518"},"modified":"2023-02-16T21:58:37","modified_gmt":"2023-02-16T20:58:37","slug":"lagos-to-buhari-you-cant-repeal-supreme-courts-order-on-old-naira-notes","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2023\/02\/16\/lagos-to-buhari-you-cant-repeal-supreme-courts-order-on-old-naira-notes\/","title":{"rendered":"Lagos to Buhari: You can’t repeal Supreme Court’s order on old naira notes"},"content":{"rendered":"

The Lagos State Government said on Monday that President Muhammadu Buhari lacks the authority to overturn the Supreme Court’s order validating the use of old Naira notes pending the outcome of the case in court.<\/p>\n

Buhari announced on Thursday that the CBN would allow banks to continue using the old N200 notes until April 10, while the old N500 and N1,000 notes would no longer be legal tender<\/a>.<\/p>\n

This runs counter to the Supreme Court’s position that the old and new notes should coexist until the substantive matter is heard on February 22.<\/p>\n

Mr. Moyosore Onigbanjo (SAN), Lagos State Attorney-General and Commissioner for Justice, stated that the rejection of the old notes is contrary to the Supreme Court’s position.<\/p>\n

Onigbanjo stated this when he appeared on TVC Business Show, adding that petrol stations, banks and others who reject the old notes could be prosecuted.<\/p>\n

The Senior Advocate decried the lingering naira scarcity in the land and the high charges by Point-of-Sales operators that have fostered untold hardship on Nigerians<\/a>.<\/p>\n

He noted that people who are hungry and have their means of livelihood eroded cannot care about any macro-economic policy or its short or long-term gain.<\/p>\n

The Attorney-General said: \u201cThere is a contract between a customer and a bank that says when you bring your money to us you can have it back on demand. Any bank that refuses to give the money on demand has violated the terms and conditions of that contract and can be sued. I will advise Lagosians who have experienced suffering and injury as a result of the situation to press charges\u201d.<\/p>\n

In the Commissioner\u2019s view, it is ridiculous that Nigerians are buying their own money. \u201cEven the producers of goods and services are losing money due to the scarcity of new notes to purchase their products easily\u201d, he said.<\/p>\n

On his legal perspective on the recent Supreme Court ruling, the AG noted that though President Muhammadu Buhari has enormous powers, he cannot repeal the order of the Supreme Court or any other court in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Lagos State Government said on Monday that President Muhammadu Buhari lacks the authority to overturn the Supreme Court’s order validating the use of old Naira notes pending the outcome of the case in court. Buhari announced on Thursday that the CBN would allow banks to continue using the old N200 notes until April 10, […]<\/p>\n","protected":false},"author":9,"featured_media":165153,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"https:\/\/pmnewsnigeria.com\/2023\/02\/16\/lagos-to-buhari-you-cant-repeal-supreme-courts-order-on-old-naira-notes\/","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"floatbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[2],"tags":[57448,53907,57449,1670,57450],"class_list":["post-249518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-lagos-to-buhari","tag-old-naira-notes","tag-repeal-order","tag-supreme-court","tag-supreme-courts-order"],"yoast_head":"\nLagos to Buhari: You can't repeal Supreme Court's order on old naira notes<\/title>\n<meta name=\"robots\" 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