Court upholds use of Arabic inscriptions on naira notes The Federal High Court in Lagos has on Tuesday upheld the use of Arabic inscriptions on Naira notes. Justice Yellin Bogoro noted that Section 53 (1) of the Banks and Other Financial Institutions Act (BOFIA) grants the Central Bank of Nigeria (CBN) the authority to print, design, and issue currency. The court emphasised the need to establish bad faith before challenging the actions of the Federal Government or the CBN. The lawsuit, brought by Lagos-based lawyer Malcom Omirhobo in January 2020, argued that Arabic...