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CBN Opposes Suit To Remove Arabic Inscriptions From Banknotes

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CBN Opposes Suit To Remove Arabic Inscriptions From Banknotes
CBN, Abuja

The Central Bank of Nigeria (CBN) has opposed a suit before the federal high court in Lagos seeking to remove Arabic inscriptions on the naira notes.

CBN informed the court that it will cost a lot of money to discard existing notes and print new ones without the inscriptions.

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The apex court also argued that Ajami is not a symbol or mark of Islam, but an inscription to help non-English speakers who are Ajami literate.

The apex bank made the submission in a counter-affidavit to a suit filed by Malcolm Omirhobo, a Lagos-based lawyer, before Mohammed Liman, presiding judge over the case.

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