Court Bars CBN And Buhari From Suspending New Policies Over Naira Redesign
Court Bars CBN And Buhari From Suspending New Policies Over Naira Redesign
Justice Eneojo Eneche of the Federal Capital Territory (FCT) High Court, has barred the Central Bank of Nigeria (CBN) and President Muhammadu Buhari and 27 commercial banks from suspending or interfering with the currency redesign extended terminal date of February 10, or issue any directive contrary to the said date.
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In a motion by five political parties, the court also granted an order directing the Chief Executive Officers (CEOS) of the banks, to show cause why they should not be arrested and prosecuted for the financial sabotage of the country, by illegally hoarding and not disbursing the new N200, N500, and N1000 bank notes, despite supply of such notes by the central bank.
News Source; Channels TV.
Recall that some governors had visited President Buhari to tender their concerns over the redesigned naira note policies, meanwhile, Buhari had asked for a seven days grace to think of what could be done.
Details shortly.
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