Economy/FinanceNewsPolitics

State Govs Threaten Contempt Charges Against Malami, Emefiele Over Currency Redesign Policy

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State Govs Threaten Contempt Charges Against Malami, Emefiele Over Currency Redesign Policy

By Alabidun Shuaib AbdulRahman

State governments have threatened to file contempt charges against the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, and the Central Bank of Nigeria Governor, Godwin Emefiele, if they fail to comply with the order of the Supreme Court on the currency redesign policy.

Recall, the Supreme Court had ordered that the old N1,000, N500 and N200 notes should remain in circulation until December 31, 2023, alongside the new notes.

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However, over one week after the court handed down the order, the AGF and the CBN have remained silent on the verdict.

Counsel for Kaduna, Kogi, and Zamfara states, which dragged the Federal Government before the Supreme Court on the matter, Abdulhakeem Mustapha (SAN), disclosed that Malami was served with the enrolled order and the CTC of the judgment on Friday afternoon.

The Zamfara State Attorney General and Commissioner for Justice, Junaidu Aminu, revealed that since the Federal Government had refused to implement the judgment, the plaintiffs in the suit would approach the court again to ensure compliance with the court’s order.

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