The Federal Government has taken the decision to obey the ruling of the Supreme Court suspending the February 10 deadline given by the Central Bank of Nigeria, CBN on the exchange of naira notes.
The Attorney General of the Federation, Abubakar Malami confirmed the development in an interview with Arise News on Thursday evening.
He said that the Federal Government was hopeful that the ex parte ruling which expires on Wednesday, February 15, 2023, would be upturned.
According to him the CBN which is a necessary party to the issue was not joined and as such the Supreme Court lacks jurisdiction to decide on the matter in the first instance.
Malami, however, said that the decision of the government to obey the Supreme Court order on the naira deadline was upon the administration’s inclination to the rule of law.
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