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Disobey Supreme Court order on Naira notes and risk contempt, SAN tells CBN
News Update
Published on 02/09/2023

The Senior Advocate of Nigeria, SAN, Richard Ogunwole, on Wednesday, advised the Central Bank of Nigeria, CBN, to abide by the Supreme Court’s temporary order halting the move by the Federal Government to ban the use of old naira notes from February 10.

Mr Ogunwole, who gave the advice in an interview in Ibadan, said that the Supreme Court’s decision remained final and must be followed by all, irrespective of status or position and that there is nobody in Nigeria today who is not feeling the harsh economic policy of CBN.

However, a human rights activist, Femi Aborisade, said that the apex court had only allowed itself to be used by politicians by granting such an order.

Mr Aborisade told said that the critical problem was not the extension of the Feb. 10 deadline for the old naira notes to cease to be legal tender, but the availability of new notes. He also expressed doubt on whether the Supreme Court had jurisdiction on a matter like naira redesign by CBN.

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