March 31, 2025

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Federal high court orders CBN to be put on notice in suit on  re-designed currency notes * AG to be served through substituted means

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Federal high court orders CBN to be put on notice in suit on  re-designed currency notes
* AG to be served through substituted means
By Chidi Nweke
As the dust over the re-designing of the Naira notes is yet to settle, a
 Federal High Court sitting in Awka,  Anambra State, has directed that the Central Bank of Nigeria, CBN, be served in a suit filed against it by the Incorporated Trustees Of African Initiative Against Abuse of Public Trust.
Wawa News Global reports that Defendants in the suit include: CBN ; its Governor, Mr Godwin Emefiele;  and the Attorney General of the Federation, Abubakar Malami.
The plaintiff had prayed the court to order an interim injunction restraining  the Defendants,  particularly, the CBN and its Governor, either by themselves or their privies or agents  from taking any step to enforce the implementation of the policy on the redesigning of Naira and non physical exchange of the old notes with the new notes  without a clear policy on how to accommodate over 50 million Nigerians without bank accounts.
He also solicited  accelerated hearing and determination of  the substantive originating summons; “granting the claimant leave to serve  Godwin Emefiele and Attorney General of Federation with  the Court processes by substituted means by posting or transmission through DHL Courier Services”.
Mr N.D.Agu filed the suit marked FHC/AWK/CS/195/2022 for the plaintiffs while the defendants were jointly represented by Aba-based lawyer, Musa Tolani.
After listening to the plaintiffs’ Counsel who  said that the CBN and Emefiele had  served him with their response to the originating  process, Hon. Justice H. A. Nganjiwa,  granted  ‘reliefs A and B of the Plaintiffs to  enable the 3rd Defendant ( AGF)  to be served with the originating processes  and leave”.
The Court ordered him to be served by substituted means.
The matter was, thereafter, adjourned till 19th January, 2023 for hearing of the motion on notice for the  interlocutory injunction.
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