ADVERTISEMENT

Governors give Emefiele, Malami ultimatum to obey Supreme Court order on naira policy

The state governments want Emefiele and Malami to implement the Supreme Court order on naira swap policy or face contempt charges.

The Governor of the Central Bank of Nigeria, Godwin Emefiele and the Attorney-General of the Federation, Abubakar Malami may be sued for court contempt over their failure to implement the Supreme Court judgement on the controversial naira swap policy. (Channels TV)

In February, some state governments sued the federal government over the policy that led to a lingering cash crunch in the country.

After a series of court proceedings, the Supreme Court on Friday, March 3, 2023, ordered that the old N1,000, N500 and N200 notes should be in circulation alongside the new notes till December 31, 2023.

But since the court pronounced its judgment on the matter, Malami and Emefiele have kept mum over the verdict as traders and businesses continue to reject the old notes.

ADVERTISEMENT

Meanwhile, the state governments had served Malami with the enrolled order and Certified True Copy of the Supreme Court judgment ordering the use of the old notes till December. ‘

The state government’s counsel, Abdulhakeem Mustapha (SAN), said he expected immediate compliance with the order from the federal government following the court judgement.

He, however, threatened to file contempt charges against Emefiele and Malami on Tuesday, March 14, 2023, should they fail to obey the court order.

The Attorney-General of the Federation has been served now and we will take it up from there; if there is no compliance now, we will commence committal proceedings against the attorney-general and the CBN governor.” Mustapha told ThePunch.

ADVERTISEMENT

Zamfara is one of the states that dragged the FG to court over the matter and while commenting on the issue, the state's Attorney General and Commissioner for Justice, Junaidu Aminu said since the federal government has refused to implement the apex court judgement, the plaintiffs in the suit would again approach the court to ensure compliance.

“We have just served the Attorney General of the Federation with the Certified True Copy of the Enrolled Order of the Supreme Court last Friday. We are waiting for them to respect the court’s decision on the naira notes and comply with the decision. If they fail to comply on Monday, we are filing our case on Tuesday,’’ Aminu said.

He insisted that Emefiele must address Nigerians on the naira notes issue on or before Monday, March 14, 2023, adding that if he fails to do so, he and the federal government would be sued on contempt charges.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Leave Bobrisky, Cubana Chief Priest alone, face corrupt politicians - Obi to EFCC

Leave Bobrisky, Cubana Chief Priest alone, face corrupt politicians - Obi to EFCC

Katsina State Assembly passes 15 bills in 1 year since inception

Katsina State Assembly passes 15 bills in 1 year since inception

In 25 years of democracy, politicians impoverish masses, enrich themselves - Cleric

In 25 years of democracy, politicians impoverish masses, enrich themselves - Cleric

APC needs rigging to win election - Salihu Lukman

APC needs rigging to win election - Salihu Lukman

Kano Anti-Corruption Commission summons 3 Perm Secs for selling employment forms

Kano Anti-Corruption Commission summons 3 Perm Secs for selling employment forms

Bago sets up committee to resolve disputes between Dukku, Fulani communities

Bago sets up committee to resolve disputes between Dukku, Fulani communities

Foreign Affairs Perm Sec Lamuwa accused of sexually harassing ministry staff

Foreign Affairs Perm Sec Lamuwa accused of sexually harassing ministry staff

Shehu Sani to Tinubu - 'Ideals of equity, justice unites a nation, not national anthem'

Shehu Sani to Tinubu - 'Ideals of equity, justice unites a nation, not national anthem'

Former APC vice chair officially leaves party

Former APC vice chair officially leaves party

Pulse Sports

'Sack him now' - Reactions as Finidi George fails to inspire Super Eagles against Benin

'Sack him now' - Reactions as Finidi George fails to inspire Super Eagles against Benin

All for women? Gabby Thomas and other female athletes accused of poor sportsmanship to Thompson-Herah

All for women? Gabby Thomas and other female athletes accused of poor sportsmanship to Thompson-Herah

Super Eagles: Nigeria are becoming World Cup qualifying no-hopers

Super Eagles: Nigeria are becoming World Cup qualifying no-hopers

NPFL Standings: What the latest title race twist means after the abandoned Rangers vs Enyimba derby

NPFL Standings: What the latest title race twist means after the abandoned Rangers vs Enyimba derby

“How much is money? — Ighalo reacts to Osimhen flaunting his private jet

“How much is money?” — Ighalo reacts to Osimhen flaunting his private jet

Benin Republic vs Nigeria: Time and where to watch Super Eagles face the Cheetahs in World Cup qualifiers

Benin Republic vs Nigeria: Time and where to watch Super Eagles face the Cheetahs in World Cup qualifiers

ADVERTISEMENT
ADVERTISEMENT