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Feb. 10 deadline for old naira notes: FG agrees to obey Supreme Court ruling

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The Federal Government has agreed to obey the Supreme Court’s decision to halt the Central Bank of Nigeria’s deadline for exchanging old notes on February 10.

Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, said this during an interview with AriseTV on Thursday, February 9.

According to him, the government is hoping that the ex parte decision, which is set to expire on February 15, 2023, will be overturned.

He claimed that the Supreme Court lacked jurisdiction to hear the case in the first place, and that the CBN, a key player in the dispute, was not named as a defendant.

Malami, on the other hand, argued that the government’s decision to follow the Supreme Court’s ruling on the old notes deadline was motivated by respect for the rule of law.

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