Don’t Assist Bandits In Exchanging Outdated Naira Notes — Masari To Katsina Residents

Governor Aminu Masari of Katsina state has issued a statement of warning to the residents of the state not to give themselves out to helping bandits swap the old Naira notes for new notes.

Masari issue the warning during an interactive session with traders at the Government House on Wednesday, February 15, 2023.

He said: “We will assist you, but don’t take advantage of this situation to collect old naira notes from bandits for swapping.”

The Governor also launched at the CBN’s Governor — Godwin Emefiele, for flouting the Supreme Court’s order on the cash crisis rocking the country.

“He (Emefiele) doesn’t know the hardship facing Nigerians as a result of the naira redesign policy,” Masari said.

He then continued: “The naira redesign policy is good, but implementation is poor. No transition: the transition period is too short and too sudden in a country where the informal sector is competing with the formal sector.

“I am really disappointed that the Supreme Court of Nigeria should give a ruling which the Governor of the Central Bank refused to follow. What kind of country is this?

“I called the CBN controller here in Katsina; he told me he had not received any instruction from his headquarters. I talk to bank managers; their headquarters have not been contacted by the apex bank.

“And the Attorney-General of the Federation has clearly made a statement that the government will respect the decision of the Supreme Court. Why is the governor of the CBN not respecting the decision of the Supreme Court?”

“Who is he? I think something is wrong somewhere and I hope those who are responsible for taking decisions will take it.”

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