Buhari’s banning of N500, N1,000 notes, a sheer executive recklessness – Barr Sanni

Buhari’s banning of N500, N1,000 notes, a sheer executive recklessness – Barr Sanni

A legal icon in Ogun State, Barrister Akinola Sanni, has described President Buhari’s Thursday national broadcast banning N500 and N1,000 notes as a sheer executive recklessness.

Fielding question from RazorTimes on the legality of the President’s directive to the CBN to disallow N500 and N1,000 as legal tenders respectively, Barrister Sanni stated that the Supreme Court has not discharged nor set aside the order of the interim injunction issued on Wednesday 8th February.

“The president’s speech represents a sad chapter in the history of our nation and same is also equivalent to executive recklessness.

There is a subsisting order of Supreme court which has neither been discharged nor set aside and yet the president took steps to undermine the integrity of that order.

“The truth is that the executive impunity did not start today and we have also had instances of state governors refusing to comply with orders of court.

“I am waiting to see whether the supreme court court will be able to gather sufficient courage to apply the big stick against the federal government at the next adjourned date in order to restore the integrity of the judiciary”, Barrister Sanni said.

RazorTimes recall that on Thursday 17th February, starting 7:00am, President Buhari addressed the nation through a live broadcast, objecting the order of the Supreme Court of Nigeria in which he directed the CBN to allow old N200 notes only as legal tender for the next 60 days, while N500 and N1,000 remained illegal tenders respectively.