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Reading: Ondo Gov urges Naira policy compliance
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Nigeria

Ondo Gov urges Naira policy compliance

Ondo State Governor, Rotimi Akeredolu, has called on the Federal Government to immediately act on the Supreme Court's ruling regarding the C...

Chima Joseph Ugo
Chima Joseph Ugo - Editor-in-chief March 04, 2023
Updated March 4, 2023 at 2:40 PM
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Ondo Gov urges Naira policy compliance
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Naira policy: Ondo Gov anticipates Supreme Court's implementation
Ondo State Governor, Rotimi Akeredolu, has called on the Federal Government to immediately act on the Supreme Court's ruling regarding the Central Bank of Nigeria's Naira policy. Akeredolu criticized the hastily put-together monetary policy of the CBN Governor, Godwin Emefiele, which he said had made life difficult for Nigerians. He threatened to sue any government that tried to stop the court ruling from taking effect.

In a statement, Akeredolu praised the Supreme Court Justices for their hard work and courage in making a well-thought-out decision. He expressed sadness that the CBN Governor, the Attorney General of the Federation, and the Minister of Justice had given the President lousy advice by telling him to act like an emperor who only had to answer to himself, which is against the law.

The governor decried the collapse of small businesses and the dehumanization of ordinary Nigerians who have been forced to strip themselves naked in banking halls, weeping to be given their monies kept with the banks. He accused the CBN Governor of acting irresponsibly and ultra vires, goaded by his political permutations.

Akeredolu told the Federal Government that it had no choice but to follow the court's order. He thanked the states that fought against the bad policy and hoped that Nigerians could get their money back from banks if they asked.

The governor stressed that seizing people's hard-earned money would have harmful effects if it keeps happening. He also called out the CBN Governor as a partisan of injustice and oppression, and criticized most governments, except for a negligible few, for not meeting simple obligations to their citizens.

Akeredolu urged those in authority to embrace less mischief and allow the statutory functions allotted to bodies in the 1999 Constitution to be exercised. He warned that anyone purporting to act in contravention of the extant laws does so, either ignorantly or mischievously.

The governor's statement comes amid a heated debate about the CBN's Naira policy, which has caused significant economic challenges for Nigerians. The policy has been criticized for being politically motivated and lacking transparency.

Akeredolu's call for the Federal Government to act on the Supreme Court's ruling may lead to a resolution of the Naira policy crisis and alleviate the suffering of Nigerians.

Tags: Nigeria

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