N5000 note: NBA calls for the dismissal of CBN governor

Channels Television  
Updated September 20, 2012

The Nigeria Bar Association (NBA) has called for the immediate sack of the governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi over the planned introduction of the N5,000 note.

NBA’s president, Mr Okey Wali at a meeting with some legal luminaries in Abuja on Thursday, said the introduction of the N5,000 note should not be imposed on Nigerians.

According to Mr Wali, for every criticism of the CBN’s policy, what Nigerians get are insults and name-calling, he therefore demanded that if Mr Sansui can not listen to the wishes and demands of Nigeria, the CBN boss should be fired.

He also threatened that the lawyers association will go to court if the federal government goes ahead with the plan.

The lawyers’ meeting was called to deliberate on how to develop the bar association while appraising its performance with a view to identify lapses and suggest ways of reforming the legal profession.

The leadership of the NBA kicked against the plan  to introduce N5,000 note and other national issues which it identified as been clogs in the wheel of the nations development.

While some of the legal practitioners argued that the introduction of the currency will increase inflation in the country, others called on the government not to embark on policies that will harm the nation’s economy.

The summit for the senior lawyers which is the first to be organized by the NBA is aimed at bringing members of bar together to brainstorm on ways of addressing issues of professional ethics, strategic planning and development of the legal profession.