Sunday, March 26, 2023

Naira: Emefiele, Malami Should Be Charged To Court For Contempt- El-Rufai, Yahaya Bello

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Kaduna, Kogi and Zamfara states have finalised arrangements to initiate contempt proceedings against the Attorney-General of the Federation, Abubakar Malami, SAN, and the Central Bank Governor Godwin Emefiele despite the Monday night directive to commercial banks to accept and dispense the old naira notes.

The lead counsel for the three states, Abdulhakeem Mustapha, SAN, disclosed to reporters on Thursday that the press statement released by the CBN in which it directed banks to accept the old naira notes was a mere camouflage to give the impression of compliance.

The Supreme Court had in its March 3 judgment extended the legal tender status of the old N200, N500, and N1,000 notes until December 31.

In the ruling delivered by Justice Emmanuel Agim, the apex court held that the President, Major General Muhammadu Buhari (retd.), breached the constitution in the manner he issued directives for the redesigning of the naira.

READ ALSO: New Naira: Buhari Didn’t Tell CBN To Disobey Court Orders — Presidency

The seven-man panel also slammed the President over his February 16 broadcast in which he said only the N200 note should remain legal tender in flagrant violation of the restraining order made by the apex court.

The court ordered that the old notes shall remain legal tender till December 31.

READ ALSO: Guber Polls : We Don’t Need To Test -Naira Marley

However, the AGF and the CBN governor failed to comply with the order despite pressure from Nigerians.

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Photo Credit: Getty 

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