Again, Supreme Court adjourns old naira suit

Oluwanifemi Ojo
Oluwanifemi Ojo
Supreme Court

CoThe Supreme Court has on Wednesday adjourned the case instituted by some state governments against the federal government on the naira redesign policy till March 3, 2023.

Recall that three states Zamfara, Kogi and Kaduna filed a lawsuit against the Federal Government  on February 3.

Other states like Katsina, Lagos, Cross River, Ogun, Ekiti, Ondo and Sokoto later joined as co-plaintiffs.

This was owing to the hardship caused by the Central Bank of Nigeria’s naira redesign policy and the extended deadline of February 10, to ban the old N1000, N500 and N200 notes from being legal tenders.

Following the lawsuit by these states, the Supreme Court on February 8 ordered the CBN to suspend the implementation of the deadline of February 10, set for swapping the old note until after the court hearing on February 15.

After the hearing on Wednesday, 15 February 2023, the case was adjoined the second time to February 22, 2023.

The Supreme Court’s seven-man panel of Justices’ after the hearing on Wednesday adjourned the case till March.


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