unlawful directive banning the use of old N500 and N1,000 banknotes, contrary to the interim injunction granted by the Supreme Court that the old N200, N500, and N1000 banknotes remain legal tender.”
Joined in the suit as defendants are the Central Bank of Nigeria and Abubakar Malami, the Attorney General of the Federation and Minister of Justice. The Supreme Court had, in a case initially brought by ten states, held that the old N200, N500, and N1000 banknotes remain legal tender until the determination of a motion on notice fixed for February 22.However, Buhari, in a national broadcast last Thursday, ordered the CBN to recirculate only the old N200 notes, thereby overruling the apex court and banning the use of old N500 and N1,000 banknotes in Nigeria.
But in the suit filed on Friday at the Federal High Court in Abuja, SERAP is asking the court to determine “whether President Buhari’s directive banning the N500 and N1,000 notes is not inconsistent and incompatible with the constitutional duties to obey decisions of the Supreme Court and oath of office.
The organization is also seeking “an order of interim injunction restraining Buhari, CBN and Malami, their agents or privies from further enforcing the presidential directive banning the old N500 and N1,000 notes, pending the hearing and determination of the motion on notice filed contemporaneously in this suit.”Earlier this week, angry citizens piled up the pressure with protests taking place simultaneously across the country.
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Lawyer Knocks Buhari For Preempting Supreme Court's Decision On Old Naira NotesAn Abuja-based lawyer, Realwan Okpanachi, has taken a swipe at President Muhammadu Buhari for preempting the decision of the Supreme Court on the lifespan of
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