Don't Throw Away Your Old Naira Notes, Buhari; Emefiele's Term Ends On Saturday - Oshiomhole (video) - Legitvibes May 2026

: As Oshiomhole predicted, Emefiele's influence waned quickly. He was suspended by President Tinubu in June 2023 and later faced multiple legal challenges regarding his tenure. Long-term Economic Echoes

The core of Oshiomhole's argument rested on the tangible "wahala" (hardship) inflicted on the Nigerian populace. The Central Bank of Nigeria (CBN) , under Emefiele, had initiated a policy to swap old N200, N500, and N1,000 notes for new designs. However, the implementation was marred by a severe cash crunch, leading to widespread chaos at ATMs and banks. Oshiomhole’s advice—"Don't throw away your old naira notes"—was a direct defiance of the CBN's deadline, grounded in the Supreme Court’s intervention which had ruled that the old notes remain valid legal tender. The Central Bank of Nigeria (CBN) , under

: Following the election, the transition to the Tinubu administration led to a swift review of the harsh currency policies . : Following the election, the transition to the