Nigeria’s Minister of Justice and Attorney-General of the Federation (AGF), Abubakar Malami (SAN), has reiterated that President Muhammadu Buhari did not breach the Supreme Court’s injunction in respect of the Naira redesign and currency swap policy of the Central Bank of Nigeria (CBN).
Malami stated this at the 67th Ministerial press briefing at the State House in Abuja. He said as far as rule of law was concerned, Buhari was not in breach of the injunction as there were many options available to him.
The persistent controversy has pitched the President against some governors on the platform of the ruling All Progressives Congress (APC). It stemmed from the ruling of a seven-member panel of the Supreme Court ordering the suspension of the February 10th Naira swap deadline, and also ordering the continued use of the old notes, after a suit was filed by the governors of Kaduna, Zamfara and Kogi States.
But in a recent broadcast, President Buhari announced that only the old N200 notes would be reintroduced to be used alongside the new notes for 60 days.
However, the President insisted that the deadline for the old N500 and N1,000 notes to cease being legal tender must stand.
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