The Lagos State Attorney-General and Commissioner for Justice, Moyosore Onigbanjo, has urged Lagosians who have been affected by the naira crisis to press charges.
According to him, any bank that refuses to pay its customers cash on demand has violated the terms of the contract.
He said, “There is a contract between a customer and a bank that says when you bring your money to us you can have it back on demand. Any bank that refuses to give the money on demand has violated the terms and conditions of that contract and can be sued. I will advise Lagosians who have experienced suffering and injury as a result of the situation to press charges.”
The Lagos AG decried the fact that Nigerians were buying their own currency, while business owners keep losing money due to the CBN policy.
Old Naira Notes Remain Legal Tender
Commenting on President Muhammadu Buhari’s national broadcast over the Naira crisis, the commissioner for Justice said, even though the President has enormous powers, had no power to repeal the order of the Supreme Court or any court for that matter.
The hearing had been slated for February 22, 2022.
Justice Moyosore added that the position of the Supreme Court on the naira redesign of the Central Bank of Nigeria remains valid, hence the old naira notes remain legal tender.
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