Naira: CBN’s Non-Compliance With Supreme Court Verdict Contemptuous Says Yadudu, Falana

Written by on March 9, 2023

A renowned constitutional lawyer, Professor Auwalu Yadudu and a human rights activist, Femi Falana (SAN), have described the refusal by the Central Bank of Nigeria (CBN) to comply with the Supreme Court judgement on the old naira notes as contemptuous and the highest disregard for the rule of law.

Recall that last Friday, in a unanimous judgement, a seven-member panel of justices of the Supreme Court, presided over by Justice Inyang Okoro, ordered the circulation of the old naira notes alongside the new ones until December 31.

On his part, Yadudu said it is a brazen disregard and total contempt of court order, describing it as the most irresponsible thing for any agency of government or any elected official of government to be so brazen about it.

Femi Falana (SAN) said commercial banks do not require any authorisation or directive from the CBN or the federal government to dispense the old naira notes as ordered by the apex court.

While the apex bank and the federal government remain silent on the judgement, Nigerians called for the intervention of the government.

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