Human rights lawyer, Femi Falana, on Sunday faulted the recent endorsement of the naira redesign by President Muhammadu Buhari, saying the policy may be declared illegal in court.
The Central Bank of Nigeria (CBN) on October 26 said it will redesign the N200, N500, and N1,000 notes to take control of the currency in circulation.
Though the Minister of Finance, Budget and National Planning, Zainab Ahmed, said she wasn’t consulted by the apex bank on the initiative, Buhari backed the CBN Governor, Godwin Emefiele, saying he is fully in support of the policy.
However, Falana, in a statement, said the President is expected to present a money bill to the National Assembly for approval before the actualisation of the policy.
However, Falana, in a statement, said the President is expected to present a money bill to the National Assembly for approval before the actualisation of the policy.
However, Falana, in a statement, said the President is expected to present a money bill to the National Assembly for approval before the actualisation of the policy.
However, Falana, in a statement, said the President is expected to present a money bill to the National Assembly for approval before the actualisation of the policy.
