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Naira Crisis: Supreme Court Set To Hear Contempt Suit Against Malami, Emefiele

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Supreme Court Fixes Time To Deliver Judgment On Naira Swap Policy

The Supreme Court has resumed proceedings after a break over the naira redesign and swap policy brought against the Federal government by some states.

The seven-member panel led by Justice Inyang Okoro admitted Abia State as the 12th state co-plaintiffs after counsel to the Attorney General of the Federation, Tijani Gazalli (SAN) agreed to concede to Abia’s fresh application to join, which he earlier said was not ripe as the office was served in the court.

Counsel to the Attorney General of Abia, Udochi Iheanacho Esq pleaded that the originating summons to join and a consolidation application be taken alongside other motions from other states.

However, the Attorney General of Lagos State, Moyosore Onigbanjo (SAN) raised an objection to the continued participation of the Attorney General of the Federation, whom he said was in contempt of the court.

He requested for permission to move his application for contempt proceedings against the AGF.

The court is now set to hear the contempt motion against the Attorneys-General of the Federation and Minister of Justice, Abubakar Malami and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

Recall that the governments of Kaduna, Kogi and Zamfara states had filed fresh document before the Supreme Court, the three states, who were the original plaintiffs in the suit against the naira swap policy of the Federal Government, warned Malami and Emefiele about the consequences of their continued failure to comply with the apex court’s order of February 3.

George Oshogwe Ogbolu is a Digital Media Strategist | Content Writer | Journalist | New Media Influencer | Proofreader and Editor at Naija News.