The Law Reality of Supreme Court Orders To CBN Actions
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Supreme Court interim order was for parties to maintain status quo antebellum - which simply means;
let status quo remain as it was existing before they approached the court.
What was the status of the case before they came to Supreme Court?
Answer: CBN had already proscribed the old notes and deadlines already been slated for its burial.
As at the time the Governors got to Supreme Court, the CBN had already done the following;
>>Redesigned the Naira
>>Dispatched the new Naira notes to various banks and the public.
>>Gave over three months grace period for people to swipe their old naira notes.
>>Three months notice had already elapsed since 31 December 2022.
>>CBN had already given the last deadline to expire on 10th February 2023
>>CBN had also, already issued notice as to
>>The CBN had already shredded and burnt all the old #500 & #1000 Naira notes
>>They had completed the entire process of cashless policy, and was fully operational and functioning.
The above was the existing status of the issues, before they brought the case before the Supreme Court.
Therefore, that was the status quo antebellum.
The Supreme Court couldnt have envisaged a complete reversal of an already completed act.
Under our laws, the case before the Supreme Court is now a Fait Accompli
That means, its an already completed or accomplished action.
All the reliefs the plaintiffs intend the court to retrain the CBN from, are actions theyve already comprehensively completed.
Look,
When something is a fait accompli,
it simply means has already been done and cannot be changed. Like irretrievably irredeemable.
Unless, they are asking the Supreme Court to direct CBN to go resurrect all the old notes theyve burnt already.
You wont learn this from Agbado kingdom.
So from all indications; the old Naira notes remains - past, participle
Say, Ticle my brotheeeer!
Azubuike Ihemeje
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