The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has maintained that the new naira notes have come to stay as the scarcity of the new notes persists.
Whilst Nigerians are groaning over the difficulty in accessing the notes, Emefiele has urged Nigerians to be calm, noting that all hands are on deck to ensure the sufficiency of the new notes.
In a new development, the court in Awka has dismissed a suit seeking to stop the CBN from implementing the naira redesign policy.
The Federal High Court, Awka, on Tuesday dismissed the suit by the Incorporated Trustees of African Initiative Against Abuse of Public Trust seeking to stop the Central Bank of Nigeria (CBN), its governor, Godwin Emefiele and Attorney General of the Federation (AGF), Abubakar Malami.
The court dismissed the suit seeking to stop the CBN and their agents from taking further steps to enforce the implementation of the naira redesign policy.
The court’s verdict
According to the court ruling in the Certified True Copy of the enrolled order dated January 31, 2023, obtained by The Guardian, the parties asked that the suit be struck out by the trial judge, A. Nganjiwa, after considering the circumstances of the case and arguments.
The court also awarded the sum of N300,000 as a cost against the plaintiff in favour of the CBN and Godwin Emefiele who are the 1st and 2nd defendants respectively.
Credit: Legit.ng
