Contrary to a recent comment by the Minister of State, Labour and Employment, Mr. Festus Keyamo in which he had faulted President Muhammadu Buhari’s directive that the old N200 be recirculated until April 10, 2023, while the old N500 and N1,000 cease to be legal tender, the Minister of Works and Housing, Mr. Babatunde Fashola, who is also a Senior Advocate of Nigeria (SAN), at the weekend argued that the directive of the president was not a direct affront to Supreme Court that had temporarily halted the move to ban the old currencies by February 10, 2023.

Speaking on Television Continental, the former Lagos State governor maintained that the president only took the step to help ameliorate the pains of Nigerians who were becoming the unintended victims of the policy.

Keyamo, who is spokesperson for the All Progressives Congress Presidential Campaign Council, had in an interview on Channels Television, said the president was wrongly advised to make the pronouncement in a nationwide broadcast.

According to Keyamo, although Buhari had good intentions for the naira redesign policy, he was wrongly advised. He had also said he would have advised the president to comply with the Supreme Court order, which was to recirculate all the old notes until they decide on the matter.

“My view is that the president acted honestly, without intention to slight the Supreme Court, but he may have acted on wrong advice. I did not give that advice, it’s not my responsibility. I do not know who gave that advice.

“In his speech, he acknowledged that there were certain matters in court. So, he thought he was playing safe by saying okay, before you decide these matters in court, may I just provide some middle ground, so that the country is burning, there are riots everywhere, so let me just try and provide some succour for people, whilst acknowledging the matters are in court.

“Now, if I were to advise him, I would have advised differently. I would have advised him to comply with the terms of the order of the Supreme Court. All the notes should circulate for now, all the notes. All the old notes should circulate side by side with the new notes for now, because that is the order of the Supreme Court,” he had said.

According to him, the matter was not discussed at the Federal Executive Council.

The comments by Fashola came just as a viral video of some residents of Ogun State were being bribed ahead of Saturday’s election with the old N1,000 notes. Those who received the money in white envelopes with the logo of the state government, however, expressed concerns that commercial banks were no longer accepting the currency. But someone suspected to be a government official, who spoke in Yoruba, was heard assuring the beneficiaries that they should go ahead and spend the money, adding that the government had vowed to ensure that banks in the state collect the old banknotes.

However, President Muhammadu Buhari yesterday, reflected on the current hardship faced by Nigerians in the wake of the naira redesign project of the Central Bank of Nigeria (CBN) and pledged to put an end to the pains the programme had inflicted on the citizenry.