Latest news

Naira Redesign Hardship: Court Strikes Out N1bn Suit Against Buhari, Emefiele, CBN


A Federal High Court in Abuja yesterday struck out a N1 billion suit instituted against former President Muhammadu Buhari and former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over the hardships that trailed the 2023 naira redesign policy.

The trial judge, Justice Inyang Ekwo, threw out the suit instituted by an Abuja-based legal practitioner, Uthman Isa Tochukwu, on the grounds of lack of diligent prosecution of the case.

In his ruling, Justice Ekwo held that he was convinced that the plaintiff had deliberately abandoned his own case due to his persistent absence in court without legal representation and any explanation.

The plaintiff in the suit marked FHC/ABJ/CS/418/2023 had dragged the former President, Attorney General of the Federation, former governor of the CBN, CBN and two commercial banks before the court claiming that they inflicted series of hardships on him during the redesign of the naira.

In the suit filed on his behalf by his counsel, Bala Dakum, the plaintiff alleged that his fundamental rights to freedom of movement and dignity of his person were violently breached.

Specifically, the legal practitioner claimed his movement was curtailed while his money in the two commercial banks could not be assessed during the hardship occasioned by the redesign of the naira in January and March 2023. He therefore prayed the court to award N1 billion damages against the defendants to be paid to him for the breach of his fundamental rights.

The plaintiff also demanded an order of perpetual injunction against Buhari and others restraining them from further withholding the old N200, N500 and N1, 000 denominations. Similarly, he demanded that the court compel the defendants to tender a public apology to be published in two major newspapers in the country.

However, at yesterday’s proceedings, both the plaintiff and his counsel were not in court and did not offer any excuse for their absence. Counsel to the 3rd and 4th defendants (Emefiele and CBN) Chikelue Amasiani drew the attention of Justice Ekwo to the persistent absence of the plaintiff and his counsel in court during past proceedings.

Amasiani said that since the suit was filed in 2023, both the plaintiff and his lawyer have not shown any seriousness and commitment to the prosecution of the case. He prayed the judge to strike out the suit and that the plaintiff can come back to revive the case when ready to show seriousness.



Tags :

Related Posts

Must Read

Popular Posts

The Battle for Africa

Rivals old and new are bracing themselves for another standoff on the African continent. By Vadim Samodurov The attack by Tuareg militants and al-Qaeda-affiliated JNIM group (Jama’a Nusrat ul-Islam wa al-Muslimin) against Mali’s military and Russia’s forces deployed in the country that happened on July 27, 2024 once again turned the spotlight on the activities...

I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...