By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Independent News ExpressIndependent News Express
  • Home
  • International
    InternationalShow More
    United Nations
    4th International Conference On Financing For Development Delivers Renewed Hope And Action For Sustainable Development
    3 weeks ago
    The African Development Bank and the United Nations Human Settlements Programme (UN-Habitat) scale up drive for sustainable urbanization in Africa
    AfDB, UN-Habitat Scale Up Drive For Sustainable Urbanisation In Africa
    3 weeks ago
    UN
    North Africa: Green Climate Fund Approves Record $300m For FAO-designed Projects In Papua New Guinea, Saint Lucia, The Sahel
    3 weeks ago
    UNICEF
    How Wars Across Middle East, North Africa Affecting Children – UNICEF
    3 weeks ago
    UNDP
    UN Development Programme Welcomes Historic Deal On Sustainable Development Even Amidst Global Turmoil
    3 weeks ago
  • Africa
    Africa
    Show More
    Top News
    ‘Waiting Times For UK Visas Are Coming Down’
    3 years ago
    Women In Raso Olo Shall Soon Give Birth At UNMISS-Funded Maternity Ward
    2 years ago
    Increasing Number of Tobacco Smokers In Africa Worries WHO
    2 years ago
    Latest News
    At Gender Statistics Forum, African Leaders Urge Renewed Commitment To Quality Gender Data
    2 weeks ago
    Ooni’s Wife, Olori Temitope Enitan-Ogunwusi Takes Ile Ife Royalty To ADWIN Launch In Cote d’Ivoire
    1 month ago
    Independent UN Body Finds Systemic Racism Against Africans And People Of African Descent
    1 month ago
    Public Exit: Why South Africa Businesses Are Moving To Private Cloud
    2 months ago
  • Corporate News
    • Media Outreach
  • Politics
    Politics
    Show More
    Top News
    Obi To Tinubu: I Can Trace My Background, But Nigerians Can’t Trace Yours
    3 years ago
    Ukraine President Zelenskyy Under Attack Over Congratulatory Tweet To Tinubu
    2 years ago
    Osun State Erupts In Jubilation, As Supreme Court Affirms Adeleke As The Governor
    2 years ago
    Latest News
    Gov Adeleke’s Outburst Against Aregbesola Shows Sign Of A Drowning Man – ADC Group
    2 days ago
    Youth Party Releases Primary Election Guidelines Ahead of August 16 Bye-Elections
    1 week ago
    Youth Party Appreciate Voters, Rejects Lagos Council Polls, Alleges Widespread Rigging
    1 week ago
    Lagos LG Poll: APC’s Osagie Daniel Coasting Home To Victory In Amuwo Odofin’s Ward K
    1 week ago
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
    News
    Show More
    Top News
    Ondo Governor, Akeredolu Begins Construction Of First Flyover In Akure
    2 years ago
    Celebration Of Life: Reverend Adewumi Jegede Of Later House Of God Assembly Buried Amid Pomp
    1 year ago
    Pa Abdulfatah Amoo Ayanwale
    Pa Ayanwale Dies At 76, Fidau Prayers Holds 8 August
    2 years ago
    Latest News
    X3M Ideas, SO&U, Noah’s Ark, Others Shine At AAAN Gala Night
    7 hours ago
    CAPPA Condemns UI’s Suspension Of Student Activists, Urges Reinstatement
    5 days ago
    She Was an Amazon Who Left Indelible Marks — Ayorinde Pays Tribute to Late Ambassador Adefope
    2 weeks ago
    IMSUAA 2025 Convention Mascot: A Symbol Of Love, Unity And Cultural Diversity
    2 weeks ago
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
    Entertainment
    Show More
    Top News
    Multichoice Nigeria Launches ‘M-Net All Black Entertainment’ Pop-Up Channel This Festive Season
    3 years ago
    GOtv
    Jumanji, WWE Hall of Fame, Other Exciting Content Lined Up for you This Easter Holiday on GOtv
    2 years ago
    Nigerian Idol S8: Chisom Evicted On A Weekend Of Surprises
    2 years ago
    Latest News
    Unlock More for Less as Big Brother Naija Season 10 Beckons
    15 hours ago
    Purp vs Raymu: Who Will Be Crowned The Next Nigerian Idol?
    2 weeks ago
    Local Content Powers African Dreams
    2 weeks ago
    The Drama Returns As BBNaija ‘No Loose Guard’ Reunion Premieres June 23
    4 weeks ago
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
    Lifestyle
    Show More
    Top News
    Tinubu Promises More Investment In Art And Culture
    10 months ago
    Radisson Hotel Group Announces Three New Hotels In Nigeria
    2 years ago
    Fanti Carnival Returns To Lagos This Easter Sunday
    3 months ago
    Latest News
    Noble Call to Service: Inside the Induction of 104 New Knights of St. Mulumba
    1 month ago
    Joining The Knighthood Brings You Closer To God -Sir Eva Njemanze
    1 month ago
    Africa Tech Festival Unveils Strategic Themes For 2025 Event,
    1 month ago
    Lagos SWAN Joins UN To Celebrate World Nutrition Month At Unilag Confab
    2 months ago
  • Business
    • Banking & Finance
    • Oil & Gas
    BusinessShow More
    Petralon's Nigerian Drilling Campaign to Boost Offshore Oil Output
    Petralon’s Nigerian Drilling Campaign To Boost Offshore Oil Output
    2 weeks ago
    Year 2025
    How Nigeria Can Unleash Its Economic Potential – IMF
    2 weeks ago
    GTCO Plc Becomes 1st West Africa’s Financial Services Institution To Achieve Listing And Trading Of Its Ordinary Shares On London Stock Exchange
    2 weeks ago
    Unity Bank
    Unity Bank Empowers Young Entrepreneurs With ₦16M Business Grant
    3 weeks ago
    NNPCL Board Accused Of Planning Lavish Party In Rwanda Amidst N210tn Financial Scandal
    1 month ago
  • Health
    Health
    Show More
    Top News
    South Africa: North West Health Denies Reports Of Severe Medication Shortages In Facilities
    3 years ago
    Early Detection Helps Curing Childhood Cancers, Says Pediatric Oncologist
    2 years ago
    Oxygen Therapy Improves Heart Function In Patients With Long COVID
    2 years ago
    Latest News
    AIDS Society Welcomes US Bipartisan Move To Protect PEPFAR
    1 day ago
    SSB Tax: Industry Actors, Paid Mouthpieces Slammed Over Campaign To Stop CAPPA
    2 weeks ago
    CAPPA Warns Nigerians On Excessive Consumption Of Sugar-sweetened Beverages, Says Nigeria Is In The Throes Of Public Health Crisis
    2 weeks ago
    Rising Non-communicable Diseases: WHO Wants Higher Taxes For Sugary Drinks, Alcohol, Tobacco
    2 weeks ago
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Reading: Naira Scarcity: Buhari Disowns Malami, Emefiele
Share
Notification Show More
Aa
Independent News ExpressIndependent News Express
Aa
  • Home
  • International
  • Africa
  • Corporate News
  • Politics
  • News
  • Entertainment
  • Lifestyle
  • Business
  • Health
  • More
Search
  • Home
  • International
  • Africa
  • Corporate News
    • Media Outreach
  • Politics
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
  • Business
    • Banking & Finance
    • Oil & Gas
  • Health
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Independent News Express > Blog > Banking & Finance > Naira Scarcity: Buhari Disowns Malami, Emefiele
Banking & FinanceBusiness

Naira Scarcity: Buhari Disowns Malami, Emefiele

Last updated: 2023/03/13 at 8:28 PM
2 years ago
Share
SHARE

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.

- Advertisement -
Ad imageAd image


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

You Might Also Like

Petralon’s Nigerian Drilling Campaign To Boost Offshore Oil Output

How Nigeria Can Unleash Its Economic Potential – IMF

GTCO Plc Becomes 1st West Africa’s Financial Services Institution To Achieve Listing And Trading Of Its Ordinary Shares On London Stock Exchange

Unity Bank Empowers Young Entrepreneurs With ₦16M Business Grant

NNPCL Board Accused Of Planning Lavish Party In Rwanda Amidst N210tn Financial Scandal

TAGGED: Naira Scarcity
INadminNG March 13, 2023 March 13, 2023
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article Ahead Guber Poll: Hon Olasupo Gathers Ndigbo, Arewa, Religious Faithful For Sanwo-Olu’s Re-Election
Next Article BBTitans Finale: Ipeleng Shows Tactical Nuance With Ebubu
about us

Independent News Express (iNews Express), a publication of 4Ds Nigeria Limited, is birthed out of the desires of the founding fathers to report News as it is.

We value Professionalism, Excellence, Service, Creativity and Integrity.

The Company

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy

Quick Links

  • Advertise with us
  • Newsletters
  • Deal

Categories

Find Us on Socials

© Independent News Express. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?