Naira Redesign: SERAP demands Buhari’s to obey Supreme Court order

The Central Bank of Nigeria (CBN) has been instructed to continue accepting the old N200, N500, and N1,000 notes from Nigerians, according to a request made yesterday by the Socio-Economic Rights and Accountability Project (SERAP). President Muhammadu Buhari was also urged to provide specifics regarding the steps he was taking to immediately comply with the Supreme Court’s decision.

Additionally, SERAP urged the president to publicly direct the CBN to swiftly and fully implement the Supreme Court ruling ordering an end to the cash withdrawal restrictions imposed by banks because such restrictions infringe upon the freedom of citizens to use their property at will.

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SERAP urged him to reveal the steps he was taking to order the CBN to immediately resume issuing the old N200, N500, and N1,000 notes in accordance with the Supreme Court’s directive.
The organization SERAP stated in a letter dated March 4, 2023 and signed by its deputy director Kolawole Oluwadare that there was a compelling public interest in knowing the specifics of the steps the government and the CBN were taking to effectively and satisfactorily comply with the Supreme Court’s ruling.

The letter stated, in part: “We would appreciate it if the requested details and suggested actions were carried out within seven days of the receipt and/or publication of this letter. ”

By that time, if we have not heard from you, SERAP will take all necessary legal action to force your government to comply with our demands. Citizens’ rights have been violated as a result of your government implementing the CBN policy on the redesign of the national currency.

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“SERAP is concerned about your government’s continued disregard for court orders and what appears to be a disregard for constitutional and international rule of law obligations. As a matter of transparency, justice, and the rule of law, Nigerians have a right to know the specifics of how closely your government and the CBN have complied with the Supreme Court’s ruling.