SERAP sues Buhari over ban on old Naira notes

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari over what it described as an unlawful directive banning the use of old N500 and N1,000 banknotes.

The group said the directive was contrary to the interim injunction granted by the Supreme Court that the old N200, N500, and N1000 notes remain legal tender pending a ruling before it.

Joined in the suit as Defendants are the Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN, and the Central Bank of Nigeria (CBN).