The Director of Media and Publicity for All Progressives Congress (APC) presidential campaign Council, Bayo Onanuga, yesterday, said the failure on part of the Central Bank of Nigeria, (CBN)’s Governor, Godwin Emefiele, to think through the effect of the old naira withdrawal timeframe led to Supreme Court verdict.
This coming hours after the Supreme Court temporarily halted the move by the Federal Government through the CBN to ban the use of the old naira notes from February 10, 2023.
Recall that a seven-member panel led by Justice John Okoro, had granted an interim injunction against the CBN and Federal Government, allowing the old N200, N500 and N1000 to remain legal tender beyond February 10 deadline until the case is fully disposed of.
However, Onanuga, in a post on his Facebook post yesterday, shortly after the apex court verdict, said that Emefiele and his ‘conspirators’ would have to return to the drawing board.
According to him, Emefiele had only distributed N300 billion Naira to the banks against the N1.9 trillion received by the banks.
