Cashless policy: Resign now, APC tells Malami, Emefiele


Hours after the Supreme Court judgement on the disruptive monetary policy of the Federal Government and the Central Bank of Nigeria ( CBN), thhe ruling All Progressives Congress (APC) in the North West has called for immediate resignation of Attorney General and Minister of Justice, Malam Abubakar Malami and the Governor of the apex bank, Godwin Emefiele.

APC National Vice Chairman (North West), Salihu Moh. Lukman on behalf of leaders of the party in the zone in a statement on Friday said, the two public officers wrongly advised President Muhammadu Buhari and the Federal Government into implementing the anti-people monetary policy. Hence the two of them should resign immediately.

In a landmark judgement on Friday, the Supreme Court declared the Federal Government’s cashless policy as unconstitutional and violation of the fundamental rights of Nigerians as provided under the 1999 Nigerian constitution as amended. 

By the ruling of the apex Court delivered by Justice Emmanuel Akomaye, the old N1,000, N500 and N200 remain legal tender until December 31st.

Reacting to the judgement, leaders and members of the ruling party expressed delight at the court decision after weeks of hardship suffered by Nigerians following the implementation of the monetary policy.

The party singled out the courageous Governors Nasir El-Rufai (Kaduna); Yahaya Bello( Kogi) and Matawale Bello (Zamfara) for challenging the action of the Federal Government and the alex bank in the Supreme Court. 

Lukman, said: “it is unfortunate that President Muhammadu Buhari could be misled into such acts of illegality and abuse of executive powers as pronounced by the Supreme Court.

“We, and indeed all Nigerians, are grateful to the Supreme Court Justices led by Justice Akomaye for this landmark judicial intervention. Given the injurious nature of the consequences of the cashless policy of the Federal Government as was implemented thus far, and the damage of the Supreme Court ruling to the profile of President Muhammadu Buhari, the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele and Attorney General of the Federation, Mr. Abubakar Malami must take personal responsibility for this act of illegality by the Federal Government. 

“In advanced democracies, public offices who commits such acts of illegality voluntarily resigns from their appointments.

“Therefore, if indeed, the cashless policy of the Federal Government was supposedly designed to conform with extant legal provisions of the Nigerian Federation, now that it turned out in the direct opposite, both the CBN Governor, Mr. Emefiele and the Attorney General of the Federation, Mr. Malami should accept the limitations of both their knowledge of the law and commitment to democracy by resigning from their respective offices forthwith. 

“Rule of law is fundamental to democracy and individuals who flagrantly violate the laws or promote acts that breach the constitution of the Federal Republic of Nigeria must not be tolerated.

“We call on Nigerians to take note of the fact that the crusade against the Federal Government cashless policy was led by APC, not minding the attempt to sensationally politicise it to the benefit of opposition political parties and their candidates in this election season. It is gratifying that Nigerians resisted the antics of subversive politicians who wanted to use such crude methods, including inflicting untold hardship and pains on Nigerians to provoke citizens into voting against the APC during the February 25 Presidential and National Assembly elections.

“We commend and salute Nigerians for their faith in our party, APC and determination to support our party and our candidates during the 2023 elections. We are indeed confident that Nigerians across all the 36 states of the Federation will reaffirm this confidence during the Governorship and States’ Houses of Assembly election on Saturday, March 11, 2023.”

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