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Naira Redesign: Three States Sue Malami, Emefiele

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At least, three state governments have filed contempt proceedings against the Attorney General of the Federation and Minister of Justice, Abubakar Malami, and the Central Bank (CBN) Governor, Godwin Emefiele.

The duo are being sued by the governments of Kaduna, Kogi, and Zamfara states over their alleged failure to comply with the Supreme Court order on old naira notes.

Recall that on February 8, the Apex court had restrained the CBN from going ahead with the deadline on using old notes following an ex parte application brought by the three states. The three state governments filed contempt proceedings against Malami and Emefiele for failing to obey the ruling of the apex court

In the fresh documents filed before the court, the three states warned the AGF and the CBN Governor of the consequences of their continued failure to comply with the apex court’s order made on February 3.  The two sets of Form 48, filed by the lawyers for the three states, form part of the applications for consideration by the Supreme Court Justices when the matter resumes on Wednesday, February 22.

The states argued that the implementation of the Naira redesign policy has caused untold hardship for residents.

The AGF, who is the sole respondent, had also filed a preliminary objection to the suit, arguing that the supreme court lacks the jurisdiction to entertain the matter. Malami also said the plaintiffs failed to join the CBN in the suit, which has just the AGF as the sole plaintiff.

Seven other states joined as co-plaintiffs, while Edo and Bayelsa states joined the AGF as defendants.

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