Human rights lawyer, Femi Falana’s law firm, has requested information from the Central Bank of Nigeria (CBN) regarding the quantity of new naira notes that have been distributed to the nation’s commercial banks.
The firm also requested from the CBN a list of the names of clients who collected more than the N100, 000 cap.
Falana threatened to approach the Federal High Court, if the CBN does not make available the information sought within the stipulated timeframe.
The CBN has asserted that it has given the new currency notes to banks for circulation on numerous occasions. Nonetheless, due to the continued shortage of the newly printed notes, Nigerians have trouble accessing cash.
In a letter dated February 16, 2023, Falana’s legal team requested details of the revised notes made accessible to commercial banks from the apex bank.
Femi Adedeji, an attorney with Falana & Falana’s chambers, signed the letter.
It reads in part: “Our attention has been drawn to your statement wherein you claimed that some unnamed politicians have 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 CBN.”