Naira Redesign: Buhari Not In Breach Of Supreme Court Injunction – Malami… 

Written by on February 23, 2023

The Attorney General of the Federation and Minister of Justice, Abubakar Malami has said that President Muhammadu Buhari did not breach the Supreme Court’s injunction as regards the Naira redesign and currency swap issue.

Malami stated that as far as the rule of law is concerned, there are many options available.
The minister made the declaration today during the 67th ministerial press briefing at the state house.

A seven-member panel of the Supreme Court had ordered the suspension of the naira swap deadlines and directed the continued use of the old notes, following a request by three state governors.

However, in a broadcast, the president only restored the validity of the old 200 notes, maintaining that the old 500 and 1000 notes had ceased to be valid, a declaration that stirred various reactions across the country.

In his words, Professor Mike Ozekhome said Buhari has no powers to override the Supreme Court of Nigeria. In his latest statement regarding the Naira Redesign and Naira Swap crisis which has left many Nigerians confused, the Senior Advocate of Nigeria (SAN), says Buhari’s national broadcast on the issue was more like a military tyrant’s contemplation.

He added that Buhari’s “imperious order was a frontal call to chaos, anarchy and national upheaval”.

Meanwhile, ten states have asked the Supreme Court to set aside the pronouncement of President Muhammadu Buhari banning old N500 and N1,000 notes.

The plaintiffs in the suit are the Attorneys General (AGs) of Kaduna, Kogi, Zamfara, Ondo, Ekiti, Katsina, Ogun, Cross River, Sokoto, and Lagos states while the defendants are the Attorney General of the Federation, Abubakar Malami (SAN), as well as the AGs of Bayelsa and Edo states.


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