PDP Gov sets to join 3 APC colleagues in suit against CBN over Naira swap deadline
Rivers State has vowed to join three All Progressive Congress [APC] Governors in the suit filed at the Supreme Court to challenge the Naira swap policy initiated by the Central Bank of Nigeria (CBN).
Rivers Governor Nyesom Wike announced the State’s intention to challenge the policy, which he earlier described as anti-people following the hardship it had inflicted on the economy.
Wike spoke at the County State School, Emilaghan in Central Abua, where the Rivers State Peoples Democratic Party (PDP) kicked off its campaign for Abua/Odual Local Government Area.
The Governor commended the Supreme Court for saving democracy by halting the CBN from banning the use of the old naira notes of N200, N500 and N1000 after February 10.
He described the intervention of the Supreme Court as timely saying some elements were bent on derailing the ongoing democratic process.
He said: “I want to, on behalf of the Rivers State Government, commend the Nigerian Supreme Court for what they have done today (Wednesday) to save the masses of this country and to save democracy.
“Today, the Supreme Court has stopped the Central Bank of Nigeria (CBN) from embarking on stopping the old Nigerian Naira notes from circulating.”
“And let me commend my brother states like Kogi state, like Kaduna, like Zamfara state who took it upon themselves to go and challenge the federal government at the Supreme Court.
“I also want to say that the Rivers State Government will join them in that suit to challenge what the CBN is doing. We will not support anything that will go against the masses, anything that makes the masses suffer.”
Wike reiterated that the survival of the country’s democracy rested largely on critical agencies of government expected to live up to their statutory obligations.