The Governor of Kogi State, Yahaya Bello has said that President Muhammadu Buhari was deceived into approving naira redesign policy initiated by the Central Bank of Nigeria (CBN).
According to information received by Punch, the governor referred to the strategy as a confiscation policy that was elegantly wrapped.
Bello said that Buhari was given with the neatly packaged strategy and was duped by it in an interview that aired on Channels Television on Friday.
The governor declared, "Mr. President was duped. The strategy is essentially one of confiscation, wrapped so elegantly."
Bello responded simply, "Those that advised Mr. President economically misled Mr. President," when asked to name people who duped Buhari.
Bello's submission, according to punch, comes just a few hours after the Supreme Court on Friday overturned the restriction on the acceptance of the old N200, N500, and N1000 banknotes as lawful cash.
The old banknotes should continue to be accepted as legal tender until December 31. This was the unanimous decision of the Supreme Court's seven-member panel of Justices.
The President had received harsh criticism from the court for defying its earlier order and ordering the ban on all 500 and 1000 naira notes, noting that such an order jeopardized the democratic system of government.
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