A contempt proceeding has been initiated against the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, and the Attorney General of the Federation (AGF), Abubakar Malami, for their failure to comply with the Supreme Court order extending the deadline for the use of old N200, N500 and N1,000 notes.
Naija News understands that the proceeding was initiated by Kaduna, Kogi and Zamfara State governments.
It was learnt that in a fresh document filed 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.
The two sets of Form 48, filed by the team of lawyers representing the three states, form part of the applications now awaiting the Supreme Court’s consideration when proceedings resume on Wednesday.
