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Reading: CBN Doesn’t Engage In Partisan Politics
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Kakaaki Reporters > Blog > Business > CBN Doesn’t Engage In Partisan Politics
Business

CBN Doesn’t Engage In Partisan Politics

Kakaaki Reporters
Last updated: 2023/03/13 at 9:28 AM
Kakaaki Reporters Published March 13, 2023
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The the statement :

It could be reaclled that State governments, which sued the Federal Government on the naira redesign policy, have given the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, and the Central Bank of Nigeria Governor,  Godwin Emefiele,  till Tuesday to comply with the order of the Supreme Court on the currency.

The state governments threatened to file contempt charges against the two top officials on Tuesday should they fail to obey the apex court which ordered that the old N1,000, N500 and N200 should be in circulation alongside the new notes till December 31, 2023.

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Over one week after the court handed down the order, the AGF and the CBN have kept mum over the verdict. Their silence has emboldened Nigerians and businesses to reject the old notes as legal tender.

 

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TAGGED: CBN, CBN Naira, Emefiele, Old Naira notes
Kakaaki Reporters March 13, 2023
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