Business Headline News

Compliance to court over old notes victorious – Matawalle

Governor Bello Mohammed Matawalle of Zamfara State has described the recent Supreme Court verdict on old currency notes and subsequent compliance by the Central Bank of Nigeria as a victory for all Nigerians.

In a statement on Tuesday by the Special Adviser to the Governor on Public Enlightenment, Media and Communications Malam Zailani Baffa, Governor Matawalle believed that the Court procedure which culminated into the reversal of the earlier CBN implementation of the cashless policy is for the good of the Country’s micro-economy and for the wellbeing of the common man.

‘’Those who accused us of going to Court for the sake of the Presidential elections, even as Nigerians groan under the policy implementation, are now proven wrong’’.

‘’Nigerians can now sight a relief on this matter, and we expect more cash to be in circulation to ease our pains, while those who were unable to replace their old naira notes with the scarce new notes will no longer lose their hard-earned money’’, he said.

Governor Bello Mohammed commended President Muhammadu Buhari for distancing his administration from any attempt to disrespect the verdict of the Supreme Court on this issue believing that the action has greatly facilitated the victory of the people.

The Governor urged commercial banks to be in full compliance and admonished the public to fully recognize the value of the old naira notes once again until the last day of December 2023.

Writing by Shehu Sani; Editing by Annabel Nwachukwu