Naira Redesign: Why Nigeria’s Two Critical Institutions Must Make Peace


•Court stops Emefiele’s arrest

•Declares Buhari’s authority required to arrest CBN gov

•Frowns at use of court to cover for irregular procedure, ‘which is unacceptable’ 

•DSS talks tough

•Top politicians, lawmakers, governors fingered in plot  

Sunday Aborisade in Abuja

Some elder statesmen, eminent Nigerians and government officials last night moved to resolve differences among some government agencies that have arisen following the redesigning of some denominations of the naira and the new cash withdrawal limits introduced by the Central Bank of Nigeria (CBN) which becomes effective January 9, 2023.

The move by the elder statesmen and prominent Nigerians followed a Federal High Court, Abuja ruling, that declined request by the Department of State Service (DSS) to arrest and detain the Governor of CBN, Mr. Godwin Emefiele for terrorism charges, saying the agency required the authority of his principal, President Muhammadu Buhari, before…

Source: Thisday Newspaper