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Naira Scarcity: Again, CBN Keeps Nigerians Guessing

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Following last week’s advice from the International Monetary (IMF); the World Bank; the Council of State and indeed the Supreme Court, which gave an interim injunction on the deadline, Nigerians expected the apex bank to announce its position.

But it never came, at least, as of the time of press time last night.

CBN Governor Godwin Emefiele was at the State House early yesterday to meet with President Muhammadu Buhari. It was his third visit to the seat of power within eight days.

He shunned reporters thereafter.

The CBN, which promised to issue a statement, kept reporters waiting at its Abuja Headquarters until last night when it became apparent that no statement would be issued.

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Nigerians are still in confusion on the position of things.

The Supreme Court will tomorrow hear the suit instituted by governors Nasir El-Rufai (Kaduna), Yahaya Bello (Kogi) and Bello Matawalle (Zamfara) against the resting of the old naira notes.

Four other states – Kano, Ekiti, Niger and Ondo  – have joined in the suit against the Federal Government on the expiry date for the redesigned N1,000, N500 and N200 naira bills.

Rivers states has also indicated interest to be joined as co-plaintiffs in the suit

On Sunday, the Nigeria Governors’ Forum (NGF) told its members to compel their attorneys-general to review the suit with a view to consolidating the legal reliefs being pursued by the states.

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