March 13, 2023
STATE GOVERNMENTS THAT SUED THE FEDERAL GOVERNMENT ON THE NAIRA REDESIGN POLICY, HAVE GIVEN THE ATTORNEY-GENERAL OF THE FEDERATION AND MINISTER OF JUSTICE, MR ABUBAKAR MALAMI AND THE CENTRAL BANK OF NIGERIA (CBN) GOVERNOR, MR GODWIN EMEFIELE, TILL TOMORROW, TO COMPLY WITH THE ORDER OF THE SUPREME COURT ON THE CURRENCY.
THE STATE GOVERNMENTS THREATENED TO FILE CONTEMPT CHARGES AGAINST THE TWO TOP OFFICIALS, SHOULD THEY FAIL TO OBEY THE APEX COURT WHICH ORDERED THAT THE OLD 1,000, 500 AND 200 NAIRA NOTES SHOULD BE IN CIRCULATION ALONGSIDE THE NEW NOTES TILL THE 31ST OF DECEMBER, 2023.
OVER ONE WEEK AFTER THE COURT HANDED DOWN THE ORDER, THE AGF AND THE CBN, HAVE KEPT MUM OVER THE VERDICT. THEIR SILENCE HAS EMBOLDENED NIGERIANS AND BUSINESSES TO REJECT THE OLD NOTES AS LEGAL TENDER.
THE COUNSEL FOR KADUNA, KOGI AND ZAMFARA STATES, WHICH DRAGGED THE FEDERAL GOVERNMENT BEFORE THE SUPREME COURT ON THE MATTER, MR ABDULHAKEEM MUSTAPHA, DISCLOSED THAT MR MALAMI WAS SERVED WITH THE ENROLLED ORDER AND THE CTC OF THE JUDGMENT ON FRIDAY AFTERNOON, ADDING THAT HE EXPECTED IMMEDIATE COMPLIANCE WITH THE JUDGMENT AS THE NON-SERVICE OF THE DOCUMENTS HAD GIVEN THE GOVERNMENT AND THE CBN AN ESCAPE ROUTE.