The federal government has finally said it will obey the Supreme Court judgement, which puts on hold, the CBN February 10 deadline for the old Naira notes swap.

This was communicated by Abubakar Malami (SAN), the Attorney General of the Federation (AGF), and Minister of Justice. Malami however, said the federal government would take the necessary legal steps to ensure the apex court’s interim order is set aside.

Abubakar Malami

A seven-member panel of the apex court, presided by Justice John Okoro, temporarily stopped the CBN from effecting the scheduled ban of old naira notes in N200, N500 and N1,000 denominations from February 10.

The order was issued during a ruling on an ex parte application brought by Kaduna, Kogi, and Zamfara states against the AGF. The three states argued that the policy had brought an excruciating situation upon the country and urged the apex court to intervene to avoid anarchy.

Speaking further, Malami said the federal government will respect the judgement of the Supreme Court because of its regard for the rule of law. He, nevertheless, insisted that the federal government would challenge the judgement within the provisions of the law.

Story: Hauwa Mohammed