Naira notes: Kaduna, Kogi, Zamfara file charges against Malami, Emefiele

The Kaduna, Kogi, and Zamfara state governments have filed a contempt proceeding against the Attorney General of the Federation (AGF), Abubakar Malami, and the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, for their alleged failure to comply with the Supreme Court order extending the deadline for the validity of old 200, 500, and 1,000 naira notes.

The three states, in the fresh documents filed before the Supreme Court, warned the AGF and Emefiele about the consequences of their continued failure to comply with the apex court’s order made on February 3, 2023.

The two sets of Form 48, filed by the team of lawyers representing the three states, however, formed part of the applications awaiting the Supreme Court’s consideration when proceedings resume on Wednesday, February 22, 2023.

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The Supreme Court had in a February 8 ruling granted an interim injunction that the CBN and the Federal Government should suspend the implementation of the February 10 deadline for the expiration of the legal tender status of the old N200, N500, and N1000 notes.

This, it said, should be pending until the hearing and determination of a suit before it slated for February 22.

President Muhammadu Buhari had however on Thursday, February 16, announced that only the old N200 note would remain valid until April 10, while the old N500 and N1000 denominations had lost their legal tender status, contrary to the ruling of the apex court.

The Star