Naira Redesign: Malami, Emefiele face contempt charge as Supreme Court resumes hearing today



The contempt proceedings seek the jailing of Messrs. Malami and Emefiele to redress the federal government's disobedience to the Supreme Court's order suspending the enforcement of the new naira redesign deadline.

Three state governments have initiated proceedings aimed at the jailing of the Attorney-General of the Federation, Abubakar Malami, and the Central Bank of Nigeria (CBN) governor, Godwin Emefiele, for contempt.

The contempt proceedings seek the jailing of the two officials to redress the federal government’s disobedience to the Supreme Court’s order suspending the new naira redesign policy.

This comes as the Supreme Court resumes hearing on the suit challenging the controversial naira redesign policy that has created a crippling cash crunch in the country Wednesday.

The Supreme Court had on 8 February ordered the suspension of the deadline for phasing out the validity of the old N200, N500, and N1000 banknotes.

But President Muhammadu Buhari had snubbed the order in a broadcast last Thursday when he restored the validity of only the old N200 notes but maintained that the old N500 and N1000 notes had ceased to be legal tender.

The suit in which the Supreme Court issued the temporary order was filed by the Kaduna, Kogi and Zamfara state governments. Seven other states have since joined the three states as co-plaintiffs in the suit.

The Attorney-General of the Federation, representing the federal government, was sued as the sole defendant in the original suit, although, two more states, which are in support of the controversial policy, have since joined him as co-defendants.

The Supreme Court had at the 15 February proceedings advised the plaintiffs’ lawyer to take necessary action to seek redress for the alleged violation of the court order by the Federal government.

Heeding the Supreme Court’s advice, the lawyer to the three states, Abdulhakeem Mustapha, a Senior Advocate of Nigeria, filed contempt proceedings at the Supreme Court against Mr Malami.
Consequences of non-compliance with the orders

In the new court filing, Mr Mustapha warned the Attorney-General and the CBN governor of their flagrant disobedience to the Supreme Court ruling suspending implementation of the naira redesign policy.

The plaintiffs filed two sets of Form 48, each directed at Messrs Malami and Emefiele.

Already, the Chief Registrar of the Supreme Court has issued the contempt papers, which showed they were issued on 17 February.
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