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Naira redesign policy has damaged your credentials, ACF tells Buhari

The Arewa Consultative Forum (ACF) says the introduction of the naira redesign policy has damaged the credentials of President Muhammadu Buhari.
In a statement on Sunday, Murtala Aliyu, secretary general of the forum, said the scarcity of cash in the country could lead to breakdown of law and order.
The forum called on Buhari to respect the ruling of the supreme court which says the old notes remain legal tender until December 31.
“Some ten days ago, the Supreme Court of Nigeria held that President Muhammadu Buhari breached the constitution in the way he issued a directive to the CBN for the redesign of the naira without consulting with the National Council of States and the federal executive council,” the ACF said.
“It went further to rule that the unconstitutional use of powers by the president on the naira redesign has breached the fundamental rights of Nigerian citizens in various ways.
“The state governors have persistently argued that the policy which permitted the CBN to place an embargo on the circulation of old N500 and N1,000 naira notes, while not providing their replacement in sufficient amounts, had triggered severe cash shortage and chaos in the economy.
“It has led to runaway inflation in food and other commodities. Huge crowds and long queues form around bank offices and ATM points across the country as people struggle to get the new cash which have remained extremely scarce. It has triggered riots and other forms of civil unrest.
“Whatever the CBN or anyone else say about the benefits of the policy, which evidently are many, is of little comfort as soon as the highest court in the country has deemed that it is, or at least the manner of its implementation, breaches the law.
“Ten days is long enough time for the government to find its way towards complying with a court order which import is central to the achievement of peace, order and good governance in the country.
“President Buhari is under oath to defend the constitution of Nigeria. As his long term supporters, it will be remiss of us if we fail to warn that the much touted benefits of the Naira redesign can never justify the damage to his credentials as a democrat and a stickler for the rule of law.”
The ACF said the president should not pay a heavy price on account of a policy whose immediate goals are not entirely clear to a majority of Nigerians.
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JUST IN: NLC To Embark On Nationwide Strike Over Naira Scarcity

The Nigeria Labour Congress (NLC) has directed public sector workers in the country to embark on strike beginning from Wednesday next week.
Joe Ajaero, NLC president, gave the directive at an ongoing media briefing at Labour House in Abuja on Wednesday.
He also directed that affiliate unions constituting the Nigeria Labour Congress should also be on standby for picketing exercise across all branches of the Central Bank of Nigeria (CBN) nationwide.
He said the directive became imperative following the expiration of a one-week ultimatum given to the apex bank to make cash available for Nigerians.
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Lagos Airport Hotel assures customers of safety after fire incident

The Management of the Lagos Airport Hotel Limited has allayed the fears of customers after the fire incident in one of the layover rooms in its administrative section.
The hotel’s Acting General Manager, Mrs Folashade Awe, in a statement, assured customers of their safety, as the fire incident was far from the customers’ service blocks
According to her, no life was lost as it was quickly brought under control.
“Although the cause of the fire is yet to be ascertained at the time of this report, it might likely be as a result of an electric spark,” Awe remarked.
The acting general manager claimed that the hotel operated on a high level of general safety and discipline “and wishes to correct the impression that the whole hotel was on fire”.
She reiterated that only a tiny portion of the staff layover that was isolated from the hotel service rooms was affected and the incident did not in any way affect the hotel’s daily operations.
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INEC to resume collation of results in Abia, Enugu today

The Independent National Electoral Commission (INEC) says it will resume the collation of election results in three LGAs in Enugu and Abia states today.
The electoral body had on Monday suspended the collation of results from Obingwa LGA in Abia as well as Nsukka and Nkanu East LGAs in Enugu.
Festus Okoye, INEC national commissioner and chairman, information and voter education committee, announced the resumption of the exercise in a statement on Wednesday.
“It will be recalled that the Commission met on Monday 20th March 2023 and reviewed the conduct of the Governorship and State Assembly elections held nationwide on Saturday 18th March 2023,” the statement reads.
“Arising from the meeting, the Commission took the decision to suspend further collation of the Governorship election results in some parts of Abia and Enugu States in order to carry out a review of the collation processes in both States.
“The Commission has concluded the review. Consequently, the collation of results for the Governorship election in both Abia and Enugu States will continue today 22nd March 2023.
“The Commission appreciates the patience and understanding of the people of both states as we conclude the collation processes.”
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