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Thursday, 9 February 2023

Dismiss naira lawsuit Nigeria Attorney General says

 Nigeria’s Attorney General Abubakar Malami has asked the Supreme Court to dismiss the lawsuit filed by three state governors which has halted the introduction of new naira notes.



The attorney general’s office argues that the Supreme Court lacks the jurisdiction to rule on issues the suit raises.

With the crucial forthcoming elections, Festus Okoye, the National Commissioner of Nigeria’s electoral body Inec, told the BBC this will not affect the general elections and “the dates fixed by the commission for the conduct of the general election are fixed and firm.”

Last November, Nigeria’s Central Bank redesigned the 200, 500, and 1,000 naira banknotes aimed at curbing soaring inflation, cash hoarding and counterfeiting.

Source: BBC

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