Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari over “the unlawful directive banning the use of old ₦500 and ₦1000 bank notes, contrary to the interim injunction granted by the Supreme Court that the old ₦200, ₦500, and ₦1000 notes remain legal tender”.
Joined in the suit as defendants are the Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN, and the Central Bank of Nigeria (CBN).
Read also: Only old ₦200 note will remain valid till April 10 – Buhari
Recall that the Supreme Court in a case initially brought by 10 states recently held that the old bank notes remain legal tender pending the determination of a motion on notice fixed for February 22. The deadline for the swap of the old notes expired on February 10.
However, Buhari in a national broadcast last week directed the CBN to recirculate only the old ₦200 bank notes, thereby overruling the Supreme Court and banning the use of old ₦500 and ₦1000 notes in the country.
Visit Newsblenda.com for more news.
