Presidency breaks silence as nation awaits Supreme Court intervention on Naira crisis

Presidency breaks silence as nation awaits Supreme Court intervention on Naira crisis

The presidency has disclosed that its position on the deadline for old Naira notes will be made known today.

Garba Shehu, presidential spokesman, in a Press statement circulated Tuesday stated that it was untrue that the government took a preemptive action on the legality of the old naira notes.

“We wish to state that it is not true that the Federal Government or the Central Bank of Nigeria, CBN have taken a preemptive action on the legality of currency as a legal tender in view of the pendency of the case before the Supreme Court,” Shehu said.

“The position of the government and the CBN will be made known upon the determination of the suit coming up.