Nigerian Central Bank, Governor Emefiele Dragged To Court Over January 31 Deadline For Old Naira Notes | Sahara Reporters

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The Federal High Court in Abuja has been asked to stop the Central Bank of Nigeria (CBN) and its Governor, Godwin Emefiele, from implementing the January 31 deadline for the old N200, N500, and N1000 naira notes, among other things. The request is part of the relief sought in the FHC/ABJ/CS/114/2023 suit filed by Joshua Alobo, a law professor.

Nigerian Central Bank, Governor Emefiele Dragged To Court Over January 31 Deadline For Old Naira NotesThe request is part of the relief sought in the FHC/ABJ/CS/114/2023 suit filed by Joshua Alobo, a law professor.

Alobo also requests that the court issue a mandatory order requiring the CBN to extend the"duration where the old notes cease to become legal tender to a period of three weeks when the redesign notes will be sufficiently dispensed by commercial banks."In a supporting affidavit, the plaintiff stated that on October 26, 2022, the CBN Governor announced that the apex bank would introduce a new series of redesigned N200, N500, and N1000 banknotes into the financial system.

He noted that major shopping malls in the Federal Capital Territory, Abuja, had already announced the rejection of old notes, with ATMs limiting daily withdrawals to N20,000.00.

 

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Not only drag to court, he should be arrested in a immediate effect for introducing hard stone policy

Very good move. It's legit.

Emefiele should not appear in court the case should be ajourn till April as usual, any speedy judiciary is unfair because that's what they are good in ajourning cases till atleast 3years

The same new notes are not even in circulation in Lagos..... even banks claim they don't have it

They no want make people Dey spend money again, this man needs to be jailed

100days 😮. All those billions way una don keep go waste by God grace.

This man has been cbn gov right from my sec skul till this moment why? 10yrs now

Let them fight. Nigerians are watching the show.

This is the best decision under Buhari's regime LoL

Expecting the bullion van wey miss road

31 is even too much cut it to 28 pls

There is no new notes in circulation

Why is he being DRAGGED when he could be CARRIED?

The draggers are mad

Nobody has taken NNPC to court for fuel scarcity. Selfish people

Court cannot stop the Executive for carrying out their functions because of the doctrine of Separation of Powers.

Ok

Where is that picture of monkey holding goat blokos(testis) Corrupt politicians are seriously crying

You're trying too hard 🤣

Pls make dem leave emefele alone

He ought to have been arrested for contempt against the pple and the parliament

Wahala! Wahala!! Wahala!!! E dey choke them

This is the time for us to enter cashless economy. What's the need to drag the CBN governor to court when bank is close to the bank. Kindly go and put you old one in your account

Nothing good comes easy. This is a step in the right direction. This is not targeting any politician, come to think of it crimes of kidnapping and robbery will abate with less cash in circulation.

Thiefnubu is fighting Buhari government 🤣🤣😂

Thiefnubu is fighting buhari and emefiala

They had three months to deposit their monies into the bank. Vote buying will not be rampant in this election?

There is God ooo New note we hardly see

The only thing I observe is that the new note is not even outside shey Dem no do am plenty ni?

Wahala be like condom we burst on motion if nacking

No weapon fashioned against emefiele shall prosper. Nigerians have already adopted the new cashless policy of the president

Why ain’t you dragging the MF for low quality notes? Why ain’t you dragging him for implementing such nonsense in this period of time

Thank God I only have from 5 naira note to 100 naira

These guys are seriously fighting back. Why is it so difficult for them to return their cash back to the bank or better still share it to all the bioz in Lagos, You know with 1billon, they can make 1m people millionaires.

Let the people bear with this man, this is a sacrifice to get thing on track again..

They don't even understand themselves Anyways y'all guys should come and subscribe to my Private snap 🤪, I don't charge much..let's get freaky together 💗

There won't be enough money for them Apc to rigg or buying votes, Buhari this is the only thing you do well. 🤣🤣🤣🤣🤣🤣

Wahala 😂💔

Correct!

I think emefiele is a PDP member

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