12th March, 2023
On Saturday, the Bayelsa Governor, Douye Diri called on the Central Bank of Nigeria (CBN) to respect the judgment of the Supreme Court and ease the hardships of citizens caused by the Naira redesign policy.
The governor made the call in a statement issued by the state Commissioner for Information, Orientation and Strategy, Chief Ayibaina Duba, following a protest by state residents over the policy.
Diri appreciated the pains of the residents caused by the implementation of the Naira redesign policy and the Supreme Court ruling on the old N200, N500 and N1000 currency notes.
He urged the CBN to clarify the validity of the old Naira notes being reissued by banks after the Supreme Court judgment.
However, the governor urged the angry residents to be calm and not engage in acts that could jeopardise the peace of the state.
“The government notes that on March 3, the Supreme Court ruled that the old notes, which the CBN had phased out, remain legal tender till December 31 this year.
“While the state government is not against the Naira redesign policy of the CBN or the Federal Government, it is however not comfortable with the method of its implementation that has resulted in further hardship on people of the state and, indeed, the country.
“The government, therefore, urges business operators in the state, particularly banks, traders and keke (tricycle) to take into consideration the Supreme Court ruling in order to reduce the pains of people of the state,” the News Agency of Nigeria (NAN) quoted the statement.