Naira: 10 states to file contempt charges against FG, CBN
Written by Olarotimi Oshin on March 11, 2023
Ten states are set for a fresh legal battle with the Federal Government and the Central Bank of Nigeria (CBN) following the non-compliance of the Federal Government and the apex bank with the March 3rd judgment of the Supreme Court on the extension of the validity of the old naira notes.
The non-implementation of the court order has heightened anger and frustration across the land as Nigerians wait endlessly for government to give the green light for the resumption of the use of the old N500 and N1000 notes.
At press time, traders, filling stations and transporters still refused to accept the notes while the new notes remained scarce.
The consequence is a massive slow-down of the economy.
The governments of Kaduna, Kogi, Zamfara, Ondo, Ekiti, Katsina, Ogun, Cross River, Lagos and Sokoto states yesterday served the Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN) the enrolled order of the Supreme Court on the extension of the validity of the old N200, N500 and N1,000 to December 31st, 2023.
