Naira Shortage: Disobedience to Supreme Court Ruling May Lead to Law and Order Collapse - ACF
The Arewa Consultative Forum (ACF) has warned against the federal government'scontinued defiance of the Supreme Court judgement regarding the naira redesign strategy.
According to the Forum, the Central Bank of Nigeria's ongoing noncompliance could cause a collapse in law and order in the nation.
In its most recent decision, the Supreme Court extended the usage of the old naira notes across the nation until December 31.
However, the Arewa Consultative Forum, which asserted that the CBN was disobeying the ruling, stated in a statement that the CBN's current strategy raises questions about the respect for the civil liberties and rights of Nigerians with regard to their freedom to spend lawfully earned money as they please.
The ACF Secretary General, Murtala Aliyu, claimed that the hardship of Nigerians in appraising funds makes whatever the CBN or anyone else claims about the benefits of the scheme of little consolation.
The administration has 10 days to figure out how to comply with a court decision, which is essential to achieving peace, order, and good governance in the nation, according to the statement.
The Forum emphasized that as President Muhammadu Buhari's steadfast supporters, Nigerians would be remiss if they failed to warn that the much-touted benefits of the naira redesign can never outweigh the damage to his credentials as a democrat and a stickler for the rule of law.
The forum expressed concern over the large crowds and protracted lines that had gathered outside of bank branches and ATMs across the nation, pointing out that people had been battling to obtain the new currency, which had remained extremely scarce and had led to riots and other types of civil unrest.