Why We Joined Suit Supporting FG’s Naira Policy – Edo Govt

Obaseki

The Governor Godwin Obaseki-led Edo State Government has explained why it is not supporting other states in the suit challenging the Central Bank of Nigeria (CBN) over the naira redesign policy.

Edo Governor

On Wednesday, seven states including Lagos, Katsina, Cross-River, Ogun, Ekiti, Ondo, and Sokoto joined Kaduna, Kogi, and Zamfara joined as plaintiffs in the suit which has the Attorney General of the Federation (AGF) as sole respondent. Only Edo state and Bayelsa joined the AGF as respondents.

READ ALSO: All Old Notes Remain Legal Tender In Kaduna – El-Rufai

Explaining Edo state’s position in a statement on Thursday, Oluwole Iyamu, state’s Attorney General said the states opposing the policy are self-seeking and do not genuinely care about the welfare of their indigenes. He noted that strategies put in place by the state government for the implementation of the new policy are already yielding results.

“Firstly, it is not true that the plaintiffs, in that case, have suddenly become the people-loving patriots they seek to present themselves as. The object of the suit is to create a legal opening to flood the nation with massive quantities of old notes which have been stockpiled in anticipation of the forthcoming election.

READ ALSO: Naira Scarcity: Why Protesters Blocked CBN Office In Edo

“Our intervention to seek adjustments in the implementation process is already yielding fruits despite the strident cries and inflammatory rhetoric of those born-again people advocates who disguise their malevolence as concern for the masses.

“That is our position which we believe is in line with the best wishes of our people. In a few days, our position shall be vindicated.”

obaseki Edo state governor

Trending video of the day;

Photo Credit: Getty

Leave a Reply