Naira: MURIC Appeals to Buhari to Comply with Supreme Court’s Verdict

Naira: MURIC Appeals to Buhari to Comply with Supreme Court’s Verdict

By Alabidun Shuaib AbdulRahman

The Muslim Rights Concern (MURIC) has called on President Muhammadu Buhari to intervene in the Central Bank of Nigeria’s (CBN) Naira redesign policy.

In a statement issued in Lagos, the group’s Director, Prof. Ishaq Akintola, also urged the President to comply with the Supreme Court’s ruling on the naira note swap.

According to Akintola, the Nigerian fiscal crisis has caused suffering and starvation for millions of Nigerians, with thousands being unable to purchase food.

Citizen FM Observes that transporters have reportedly refused to accept the old notes, leaving many commuters stranded.

Akintola, therefore, emphasized the need for the President to follow the Supreme Court’s decision that the old and new currencies should run “parri passu,” or side by side.

The MURIC’s appeal comes amid public concern over the CBN’s recent announcement that it will print a new set of naira notes with images of national symbols, despite the existing notes still being in circulation.

The move has been criticized for causing confusion and inconvenience for Nigerians, particularly those living in remote areas with limited access to banking services.