"The CBN is a law-abiding organization that operates as an extension of the Executive arm of government," said a CBN official who agreed to speak to The Nation about the matter.
This suggests that the CBN may have delegated responsibility for speaking out on the naira redesign to the Federal Government.
Asked if the Supreme Court order will truncate the CBN’s cashless policy, the official said “that is unlikely to happen since the policy has been in operation since 2012”.
Reacting to the Supreme Court order, Professor Uche Uwaleke of Nasarawa State University, advised the CBN “to comply with the ruling since it has come from the final court in the land.
“Doing so will help revive economic activities and reduce the current difficulties being experienced by Nigerians on account of the policy.”