As Nigerians are caught in between the Central Bank of Nigeria's (CBN) timeline for the exchange of the note naira notes and the expert order by Nigeria's Supreme Court, the attorney general of the Federation, Abubakar Malami has in an interview on Arise Tv, revealed that the Federal government will obey the supreme court expert order.
Recall that the governor of Kogi State, Kaduna State, and Zamfara state had obtained an order from the supreme court which mandates the Federal government of Nigeria to temporarily halt the withdrawal of the old naira notes pending the commencement of the hearing of the matter on 15th of February, 2023.
However, Abubakar Malami while speaking expressed optimism over the supreme court expert order being upturned.
He said: “An interim order was granted by the Supreme Court and that order was to lapse on Wednesday (February 15) and incidentally, that was the day the court fixed for hearing of the motion. With the position in mind, we have taken steps to file our objection challenging the jurisdiction of the court to entertain the matter. Jurisdiction on the ground that when you talk of monetary policy, Central Bank is an indispensable and necessary party in the matter.
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“A situation where the Central Bank is not joined in the matter as a party and if the Central Bank as an institution is not joined as a party, the law is clear that the jurisdiction of the Supreme Court cannot be invoked. So, we have given consideration to diverse issues, inclusive of the issue of jurisdiction and we will argue it from that perspective. There is no doubt that the ruling of the Supreme Court, regardless of the circumstance, is binding and within the context of the spirit of the rule of law, so the issue of disobedience to the ruling of the Supreme Court is out of it. We agree wholeheartedly that we are bound by it and we will comply by it.”
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