• Latest
  • Trending
  • All
  • National News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
New naira notes: Buhari commends Emefiele, says initiative to check corruption, counterfeiting

Currency Swap: Buhari not in breach of Supreme Court order – Malami

February 23, 2023
federal government

At least 21 dead after migrant boat sinks off Senegal coast, government says

November 8, 2026
NDLEA Waives Drug Test Fees for Ministry of Interior Job Applicants

NDLEA Intercepts Multi-Billion-Naira Opioids, Loud, and Syndicate Networks in Nationwide Raids

November 8, 2026
NDLEA Waives Drug Test Fees for Ministry of Interior Job Applicants

Ugandan Woman Arrested at Lagos Airport With 87 Cocaine Wraps Concealed in Private Part

November 8, 2026
Soldiers beat policemen

Troops Rescue 119 Abducted Civilians, Foil Officer’s Kidnapping in Multi-State Operations

November 8, 2026
Obafemi Hamzat, the set man for Lagos, by Ken Ugbechie 

Obafemi Hamzat, the set man for Lagos, by Ken Ugbechie 

November 8, 2026
First Day in Office: 5 key actions of Donald Trump

Many thanks to Trump, women and minorities are soaring in American politics, by Nduka Uzuakpundu

November 8, 2026
Tompolo and the coming Tinubu electoral victory tsunami, by Jack Okude

Tompolo and the coming Tinubu electoral victory tsunami, by Jack Okude

November 7, 2026
Zamfara youths protest

ASP Detained Over Fatal Shooting of Teenage Girl During Gang Clash

November 7, 2026
Auto Draft

10 Key Things to Know about Justice Lifu’s Judgment Affecting ADC, Atiku, By Abdulrahman Abdulaziz

November 7, 2026
Federal High Court

Court sacks David Mark-led ADC leadership, voids Atiku’s presidential primary

November 5, 2026
PDP convention

PDP leadership crisis: Turaki group loses again to Wike; heads to Supreme Court

November 5, 2026
benin city

Benin to receive 40 new repatriated looted artefacts from Sweden

November 4, 2026
  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
Monday, November 9, 2026
  • Login
Political Economist
  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
No Result
View All Result
Political Economist
No Result
View All Result
Home National News

Currency Swap: Buhari not in breach of Supreme Court order – Malami

by Admin
February 23, 2023
in National News
0
New naira notes: Buhari commends Emefiele, says initiative to check corruption, counterfeiting

File photo: President Buhari leads unveiling of new naira notes

491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

By Ismaila Chafe

The Attorney-General and Minister of Justice, Abubakar Malami says President Muhammadu Buhari has not acted in breach of any law on the Supreme Court order in respect of the naira redesign policy.

The minister stated this at the Ministerial Media Briefing organised by the Presidential Communications Team at the Presidential Villa, Thursday in Abuja.

Malami affirmed that the federal government did not act contrary to the law of the federation, saying ”as far as the rule of law is concerned, there are many options available”.

The minister, who spoke extensively on the benefits of electoral reforms, noted that ”it is only the Buhari’s administration that has exercised the political will to enhance democratic practice through legislative, political, and administrative interventions.”

Governors Abdullahi Ganduje of Kano State, Dapo Abiodun of Ogun and Nasir el-Rufai of Kaduna State, had openly condemned and denigrated the implementation of the naira swap policy.

They asked people in their states to continue to spend the old N500 and N1000 as legal tenders.

However, the minister said: “We are not in breach of any order made by the court, inclusive of any order associated with the naira redesign.

“I’m not a banker, but you have not gone to establish which bank is it that you have gone to present N1000 or N500 notes that have been rejected; so we are not in breached of any ruling.

“But then, assuming we are in breach, the fact remains that this matter is sub-judice, as you rightly know. It’s being contested before the Supreme Court and when an order is made, you have multiple options within the context of the rule of law.

”You are entitled as a matter of right, if the facts and evidence support your position, to apply for setting it aside.

”The position of the law, and legal jurisprudence is clear, once you are attacking and you seeking a setting aside of an existing order of the court, cannot be said to be operating in breach when you presented your application for setting aside.

“If the court is not an apex court, you equally have a right to appeal and support the right of appeal with an application for a Stay of Execution Order.

”So, if the matter is sub-judice and within the context of the rule of law, we are doing the needful as a government, in terms of ensuring that the right of the government, within the context of the naira redesign, is being protected.

”So we are not in breach.”

On the fate of the governors allegedly inciting citizens against the currency redesign policy, Malami said all those inciting the public would be investigated for treasonable utterances by the security agencies soon.

According to him, relevant security agencies will determine if there will be a need for further action after investigation.

Malami highlighted the importance of the redesign policy, which he said would enable citizens to assume collective ownership of the electoral system rather than allowing a few moneybags to take charge.

According to the minister, the policy is designed to allow freedom of choice and also fight corruption. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: abdullahi gandujeabubakar malamiCBNMuhammadu BuhariNaira redesignNaira swapSupreme Court
Share196Tweet123
Admin

Admin

  • Trending
  • Comments
  • Latest
The Doherty brothers plot to hijack Lagos governorship, by March Oyinki   

The Doherty brothers plot to hijack Lagos governorship, by March Oyinki  

October 1, 2026
Obafemi Hamzat, the set man for Lagos, by Ken Ugbechie 

Obafemi Hamzat, the set man for Lagos, by Ken Ugbechie 

November 8, 2026
Top 11 ‘Firsts’ about US midterm elections: First open gay, first black governor, others

Top 11 ‘Firsts’ about US midterm elections: First open gay, first black governor, others

November 4, 2026
IGP Orders State CPs To Recover Fire Arms From Private Security Outfits

Jonathan Sacks IGP Abba, Appoints Arase

19
Zinox iPower Inverter Claws to Market Dominance

Zinox iPower Inverter Claws to Market Dominance

2
Police seal off Ondo House of Assembly

Police foil another suicide bomb attempt in Borno, kill three bombers

2
federal government

At least 21 dead after migrant boat sinks off Senegal coast, government says

November 8, 2026
NDLEA Waives Drug Test Fees for Ministry of Interior Job Applicants

NDLEA Intercepts Multi-Billion-Naira Opioids, Loud, and Syndicate Networks in Nationwide Raids

November 8, 2026
NDLEA Waives Drug Test Fees for Ministry of Interior Job Applicants

Ugandan Woman Arrested at Lagos Airport With 87 Cocaine Wraps Concealed in Private Part

November 8, 2026
Political Economist

Copyright © 2017 JNews.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News

Copyright © 2017 JNews.