Old Naira Notes: Malami, Emefiele to Land in Big Trouble within 24 Hours over Failure to Obey S’Court.

The controversy over using and circulating the old N200, N500 and N1000 naira notes has reached a fever pitch Despite the ruling of the Supreme Court declaring the old notes legal until December 31, the Central Bank of Nigeria is yet to comply However, the trio of Kaduna, Kogi and Zamfara state governments has vowed to file contempt litigation against the CBN governor.

Amid the controversies surrounding the coexistence of the old and new naira notes despite the Supreme Court ruling in favour of the old notes, the Minister of Justice and Attorney-General of the Federation, Abubakar Malami, has been issued a 24-hour deadline to comply with the ruling of the apex court. Similarly, the Central Bank of Nigeria’s Governor, Godwin Emefiele, was also issued the same deadline to comply with the Supreme Court order.