Nigerian News

NAIRA REDESIGN: Govs. Give CBN Till Tuesday to Respect The Law

THE Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, and the Central Bank of Nigeria Governor,  Godwin Emefiele, have been given  till Tuesday to comply with the order of the Supreme Court on the naira redesign policy.

The governments of Kaduna, Kogi and Zamfara states had sued the Federal Government on the policy.

The three states are now threatening to file contempt charges against the two top officials on Tuesday should they fail to obey the apex court which ordered that the old N1,000, N500 and N200 should be in circulation alongside the new notes till December 31, 2023.

Counsel for the states, Abdulhakeem Mustapha (SAN), disclosed that Malami was served with the enrolled order and the CTC of the judgement on Friday afternoon, adding that he expected immediate compliance with the judgement as the non-service of the documents had given the government and the CBN an escape route.

“The Attorney-General of the Federation has been served now and we will take it up from there; if there is no compliance now, we will commence committal proceedings against the attorney-generBut giving an update on the move to enforce compliance with the order of the apex court on Sunday, the Zamfara State Attorney General and Commissioner for Justice, Junaidu Aminu, revealed that since the Federal Government had refused to implement the judgement, the plaintiffs in the suit would approach the court again to ensure compliance with the court’s order.al and the CBN governor.”

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