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War of wits: Lawyer allegedly sues FG, AGF, CBN over Arabic inscription on Naira, as Reno fires back

Since the introduction of naira in 1973, no Nigerian has ever criticized the inscription of Arabic language on naira notes except in 2020, when Malcolm Omirhobo, lawyer and Human Rights activist, Thursday queried and allegedly sued the federal government, Attorney-General of the federation and the Central Bank of Nigeria, CBN, to a federal high court over the emblazoned inscription on the Nigerian Army’s logo.

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Naira, CBN, PDP, FAAC, assets

The inevitable choice between N10,000 note and redenomination

NIGERIA’s Currency   profile has, notably failed to serve the needs of our people and our economy. Arguably, lower denominations of primary kobo coins and low value notes have been largely rejected because of their extremely negligible purchasing power. Overtime, the Naira Currency has lost significant value, as the highest existing compact denomination of N20 (the popular Muri) in 1977 was equivalent to over $20.

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