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New Naira Notes: Falana berates CBN for flouting Supreme Court order

by NewsNet Nigeria
February 14, 2023
in Economy
New Naira Notes: Falana berates CBN for flouting Supreme Court order
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Rights activist and Senior Advocate of Nigeria, Femi Falana, has lambasted the Central Bank of Nigeria for allegedly flouting the interim injunction of the Supreme Court suspending the implementation of the February 10 deadline on the use of the old banknotes.

Falana, during a live appearance on Channels TV’s The 2023 Verdict on Tuesday, said the government was not ready to comply with the order stressing that in a country where the rule of law operates, once the Supreme Court has determined a matter or given an order, it is expected that all and sundry – everybody – will comply with the order.

He added that a statement credited to the CBN that it would not comply with the order of the apex court because it was not a party to the case could only be tenable in a “banana republic”.

The SAN further said that an example should be made of those flouting court orders, stressing that nobody should feel that they were above the law.

The CBN has insisted on the February 10 deadline for the expiration of the legal tender status of the old N200, N500 and N1,000 notes.

(PUNCH)

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