Friday, April 19, 2024

BREAKING: Supreme Court adjourns suit on old naira notes to Feb 22

The Supreme Court sitting in Abuja on Wednesday adjourned hearing in the suit banning the use of the old naira to Wednesday, 22nd February 2023.

Three states, Kogi, Kaduna and Zamfara states filed the suit against the Federal Government seeking a restraining order to stop the full implementation of the naira redesign policy of the Central Bank of Nigeria.

Nine states have filed to join the suit initially filed by the three states.

The states are Katsina, Lagos, Cross River, Ogun, Ekiti, Ondo and Sokoto states bringing the new total of plaintiffs to ten.

On the other hand, Edo and Bayelsa have filed to be joined as respondents.

The 7-man panel led by Justice John Okoro ordered them to amend their processes to be heard as one.

Meanwhile, pending hearing, the old order to suspend the ban of the now older 200, 500 and 1000 naira notes subsist.

More to follow later…

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