CHRAN wants CBN Governor jailed over Naira crisis

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By Odo Ogenyi,Uyo

The Center For Human Rights & Accountability Network (CHRAN) has asked the Supreme Court of Nigeria to commit the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele to prison for disobeying its order on the monetary policy.

Speaking exclusively on the CBN policy yesterday on Advocate Broadcasting Network (ABN) television show, in Uyo, the State Director of CHRAN, Mr Franklyn Isong lamented the negative effect of the policy on Nigerians caused by its poor implementation.

Isong maintained that it was the position of the human rights group that nobody is above the law of the land, hence the need for the CBN Governor to be jailed for contempt of Court in order to serve as a deterrent to other lawless political office holders in the country who treat Court orders with contempt. 

He regretted that the Court which the CBN Governor ran to when he was faced with threats of arrest and losing his job on allegation of sponsoring terrorism in Nigeria, is the same Court he was treating with disdain and odion. 

The apex Court had while considering the matter filed before it by three State governors against the Federal Government of Nigeria in connection to the monetary policy of the CBN, ordered that both the old and new Naira notes remain legal tenders in Nigeria pending the determination of the suit. 

But the CBN Governor has insisted that the deadline for the old notes to be legal tenders remained Friday, 10th February, 2023, leading to commercial banks rejecting the old notes in the midst of scarcity of the redesigned Naira notes.


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