APC Asks Malami, Emefiele To Resign Over Naira Redesign Debacle

The All Progressives Congress (APC) in the north-west has asked Central Bank of Nigeria (CBN), Godwin Emefiele and Minister of Justice Abubakar Malami to resign from their offices.

The party made the call following a verdict of the Supreme Court on Friday which held that the old naira notes are legal tender till December 31, 2023.

The apex bank unveiled the new N200, N500, and N1,000 notes on December 15, 2022, and fixed January 31 as the deadline for the use of the old ones. Although it was later moved to February 10.

This is in spite of a temporary injunction by the supreme court that the old notes were still legal tender.

The naira redesign policy created a cash crunch that affected the lives of the citizens.

In a statement on Friday, Vice Chairman of the APC in the north-west, Salihu Lukman, said it was unfortunate that President Muhammadu Buhari was misled into “illegality and abuse of executive power”.

“Therefore, if indeed, the cashless policy of the Federal Government was supposedly designed to conform with extant legal provisions of the Nigerian Federation, now that it turned out in the direct opposite, both the CBN Governor, Mr. Emefiele and the attorney-general of the federation, Mr. Malami should accept the limitations of both their knowledge of the law and commitment to democracy by resigning from their respective offices forthwith,” Lukman said.

“Rule of law is fundamental to democracy and individuals who flagrantly violate the laws or promote acts that breach the constitution of the federal republic of Nigeria must not be tolerated.

“We call on Nigerians to take note of the fact that the crusade against the federal government’s cashless policy was led by APC, not minding the attempt to sensationally politicize it to the benefit of opposition political parties and their candidates in this election season.

“It is gratifying that Nigerians resisted the antics of subversive politicians who wanted to use such crude methods, including inflicting untold hardship and pains on Nigerians to provoke citizens into voting against the APC during the February 25 presidential and national assembly elections.

“We commend and salute Nigerians for their faith in our party, APC, and determination to support our party and our candidates during the 2023 elections.”

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