Nigeria's commander-in-chief made this declaration while addressing a meeting of the ruling All Progressives Congress (APC) Caucus in Abuja.
Oshiomhole who raided several posers over the postponement of the general election aaccuse INEC of working in cahoots with the opposition peoples democratic party (PDP) to sabotage the winning prospects of the APC during the general election.
Commission chairman Mahmood Yakubu said in the early-morning announcement that "this was a hard decision to take but necessary for successful delivery of the elections and the consolidation of our democracy".
There are 73 registered candidates in the presidential election, but campaigning has been dominated by President Buhari, 76, and Atiku Abubakar, 72.
INEC announced in the early hours of Saturday that the vote would now be held on February 23. Nigeria is also dealing with pockets of instability and past elections have been marred by violence, intimidation and ballot rigging.
"These are not his words; he is a law abiding person and he understands categorically and clearly what the rule of law is and the lives of individual citizens that he is in that office to protect. This is a total ploy, it is not true that they are not ready" said opposition supporter Oscar Humphrey, 37, in the northern city of Kano, a key battlefield in the presidential race. "I spent my morning, my time, my energy for the elections so actually I am not happy", he said.
He said civil society groups were due to hold a meeting with Yakubu on Monday to address this and other issues over the delay. In Nigeria the central bank stores election materials for safe keeping.
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The APC chairman said although he supported the call to remove the INEC chairman, it was a false alarm aimed at distracting the lovers of true democracy.
Laing urged Nigerians to vote on the re-scheduled dates while also challenging political parties to exercise moderation to allow secure environment during the election.
But there are concerns that the decision could lead to a low turnout.
Buhari's spokesman Garba Shehu declined to comment.
Governorship and state assembly elections will be pushed back to March 9, Mr Yakubu said.
A calm-looking Abubakar, speaking to reporters outside his home in northern Adamawa state, said his party would decide on the way forward after an electoral commission briefing Saturday afternoon.
The incumbent president also called the electoral commission incompetent and ordered an investigation into why the vote was delayed. Boko Haram had warned people not to vote.
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