Suit challenging Arabic inscriptions on Naira notes dismissed by court

Justices Yellin Bogoro of the Federal High Court sitting in Lagos on Tuesday dismissed a suit by a Lagos-based lawyer, Malcom Omirhobo, challenging the use of Arabic inscriptions on Naira notes. According to the judge, the Central Bank of Nigeria (CBN) is empowered by Section 53 (1) of the Banks and Other Financial Institutions Act … [Read more…]