Nigerian Lawyers Reject Osinbajo’s Advice To CBN Over Naira Devaluation

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Lawyers in Defence of Democracy and Economic Rights (LIDER) led by Barrister Osita Njoku, have rejected the call by Vice President Yemi Osinbajo on the Central Bank of Nigeria (CBN) to devalue the naira.

LIDER who stated this in a statement issued on Tuesday in Abuja, said such advice is against the economy.

The group further described the advice as an invitation to what it described as economic anarchy.

LIDER, therefore, called on the CBN to shun the advice in its entirety and confine it to the dustbin of history.

The lawyers said the apex court is manned by competent professionals and they should therefore be allowed to carry out their duties without any form of political interference.

“In taking any decision, the CBN should continue with its tradition of first considering all economic implications and refrain from taking political decisions as the buck ends on the apex bank’s table as far as economic issues are concerned,” it said.