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Femi Falana letters CBN, demands information on new naira notes

The law firm of a human rights lawyer, Femi Falana has asked for information from the Central Bank of Nigeria (CBN) concerning the scarcity of the new naira notes in Nigeria.

The legal team of Falana warned the apex bank of a legal action in the federal high court if it does not provide the information within the given time frame.

The Governor of the CBN accused political actors of hoarding the new naira notes, which has intensified the protest and crisis.

Falana said the information was requested under the provisions of the Freedom of Information Act 2011.

A legal practitioner with Falana & Falana’s Chambers, Femi Adedeji, signed the letter dated February 16, 2023, which partly reads: “Our attention has been drawn to your statement wherein you claimed that some unnamed politicians haveo mopped up the new naira notes made available to all commercial banks by the Central Bank of Nigeria.”

“We are compelled to request you to furnish us with information concerning the amount of the designed notes of N200, N500, and N1,000 denominations made available to each commercial bank by the Central Bank of Nigeria.”

“Furthermore, we also request you to furnish us with the list of customers of the commercial banks who collected more than N100,000 approved by you from the commercial banks.”

“Take note that if you fail or refuse to furnish us with the requested information before the deadline of 7 days, we shall not hesitate to pray the federal high court to compel you to accede to our request.”

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