El-Rufai disclosed this after a report made the rounds that he had opposed a proposal made to the leadership of Nigeria Governors Forum (NGF) and the Progressives Governors Forum (PGF) by President Muhammadu Buhari during a meeting in the early hours of Wednesday, February 15, 2023.
The report said Buhari had promised the governors that he would extend the validity period of the old N1,000, N500, and N200 notes by 60 days on the condition that the state governments will withdraw the Supreme Court lawsuit against the Federal Government.
The report further claimed that, while everybody agreed with the President, El-Rufai insisted on total cancellation of the policy.