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Court directs plaintiff to alert CBN about new Naira note

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In response to the lawsuit filed by the Incorporated Trustees of the African Initiative Against Abuse of Public Trust against the Central Bank of Nigeria (CBN) and others, a Federal High Court in Awka, Anambra State, has told the plaintiff to tell the defendants to come and explain why the

It was said that the person who filed the lawsuit did so on behalf of more than 50 million Nigerians who live in rural areas but don't have bank accounts.

The CBN Governor, Godwin Emefiele, and the Attorney General of the Federation are the second and third people who are being sued (AGF).

The Guardian was given a copy of the suit last week. It was marked FHC/AWK/CS/195/2022, filed on November 30, 2022, and approved on December 9, 2022. Chief Musa Tolani, a lawyer from Aba, was the defence lawyer for the defendants.

The plaintiffs want the court to issue an interim injunction to stop the defendants, especially the CBN and Emefiele, from doing anything to enforce the policy on the redesign of the naira and the non-physical exchange of the old notes for the new ones before there is a clear plan for how to help the more than 50 million Nigerians who don't have bank accounts.

The requests included an order for a quick hearing and decision on the original summons and permission for the plaintiffs to serve Emefiele and AGF with the papers in other ways, such as by mailing them or sending them through DHL Courier Services, among other things.

They also want the court to stop the CBN and Emefiele, either directly or through agents, from doing anything to make it hard for more than 50 million Nigerians who don't have bank accounts to use other ways to exchange their old notes for the new ones.

Another request was for an "order departing from the rules by limiting the time the defendants have to file their counter affidavits to the originating summons to five days from the date the processes were served."

After hearing from the plaintiff's lawyer that the CBN and Emefiele had served them with their response to the originating process trial judge, H. A. Nganjiwa gave permission to serve by posting.

The hearing on the motion for preliminary injunction was moved to January 19, 2023.

(source: guardian.ng)

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