Sgt4succsess SMACIN GRACEFULL TEAM Naira Scarcity: 10 States Ask Supreme Court to Void Buhari’s Directive Banning Old N500, N1000 They described the president’s pronouncement as “an unconstitutional overreach and usurpation of the judicial power. ADVERTISEMENT Ten state governments in Nigeria have asked the Supreme Court to set aside the pronouncement of President Muhammadu Buhari banning the old N500 and N1,000 currency notes. ADVERTISEMENT The president had in a national broadcast last Thursday, directed the Central Bank of Nigeria (CBN) to release old N200 notes into circulation to co-exist with new N200, N500 and N1,000 banknotes for 60 days. ADVERTISEMENT According to the president, the directive was in response to the hardship millions of Nigerians are encountering in accessing their funds from commercial banks across the country since the demon

Sgt4succsess SMACIN GRACEFULL TEAM Gbajabiamila, Wike Fault Buhari for Disregarding Supreme Court Order In the same vein, Governor Nyesom Wike of Rivers State on Thursday, accused Buhari of undermining the Supreme Court. ADVERTISEMENT The Speaker of the House of Representatives, Femi Gbajabiamila on Thursday faulted the decision of the Federal Government to disregard the Supreme Court order on the issue of currency swap. ADVERTISEMENT In the same vein, Governor Nyesom Wike of Rivers State on Thursday, accused Buhari of undermining the Supreme Court. Wike said Buhari’s broadcast insisting that the old N500 and N1000 note have ceased to be a legal tender was tantamount to interference with pending lawsuit in the Supreme Court. ADVERTISEMENT Gbajabiamila, in a statement he personally signed in Abuja, said though the president’s directive was a step in the righ