NBA asks Buhari to comply with Supreme Court judgment on cash swap

The Nigerian Bar Association (NBA) has asked President Muhammadu Buhari to immediately direct compliance with the terms of the order by the Supreme Court in its judgement delivered on 3 March 2023 in respect of the naira redesign policy. 

The Nigerian Bar Association (NBA) has asked President Muhammadu Buhari to immediately direct compliance with the terms of the order by the Supreme Court in its judgement delivered on 3 March 2023 in respect of the naira redesign policy. 

NBA’s position is contained in a statement on Monday by its President, Yakubu Maikyau (SAN).

Part of the statement reads: “Nigerians may not be too enchanted with our Judiciary, and this may have arisen from unsubstantiated and spurious allegations of judicial misconduct, the fact however remains that we still must look to the Judiciary as the only and final resort, to protect our rights as a people and secure probity in public life.

“The Supreme Court has spoken for the people of this nation and has appropriately issued orders to the Executive and the orders of the court must be complied with.

“We cannot under any guise or pretence accept or tolerate any appearance of autocracy or dictatorship.

“Our system of democratic governance has come to stay, it must not only be respected by all and sundry but must also be jealously guarded and protected.

“This is the greatest test or challenge to our constitutional democracy and the Executive

cannot afford to disregard the orders of the Supreme Court made for the benefit of the people that elected it to power.

“I therefore on behalf of all Nigerians, call on the President to immediately direct

compliance with the terms of the orders made by the Supreme Court in its judgement

delivered on 3 March 2023.”

 

Total
0
Shares
Related Posts
Read More

HI 2021 results: Zenith Bank Plc’s Profit Increases by N3b

Zenith Bank Plc has posted a solid first half for 2021. This it did with its profit before tax (PAT) increasing by N3 billion. In other words, Zenith Bank Group recorded a growth in profit before tax of 3%, rising to NGN117 billion from NGN114 billion reported in the previous year. The Group also recorded a 9% growth in non-interest income from NGN116 billion in June 2020 to NGN127 billion in 2021, while interest income dropped by 6% from NGN217 billion to NGN204 billion as yields from some interest-bearing assets declined. This was mitigated by a 26% decrease in interest expense from NGN60 billion in June 2020 to NGN44 billion in June 2021 resulting in an increase in net interest income from NGN157 billion to NGN160 billion in June 2021.