Business Nigeria: Femi Falana Drags CBN to Court Over Naira's Exchange Rate

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LequteMan

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Nigerian Human Rights Lawyer, Femi Falana, has sued the Central Bank of Nigeria over the naira's recent performance at the parallel market.

The Senior Advocate of Nigeria, (SAN) has asked the Federal High Court sitting in Abuja to restrain the apex bank from allowing market forces to determine the exchange rate of the naira.

He also asked the court to direct the CBN to stop the use of the United States dollar as a legal tender in Nigeria.

The suit was filed on Wednesday, 24 February 2016 and is yet to be assigned to a judge for hearing.
 

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