Old naira: Court bars Buhari, Emefiele from extending deadline

Marcus Amudipe
Marcus Amudipe



Wilson Adekumola


An High Court of the Federal Capital Territory Monday, issued a restraining order on President Muhammadu Buhari, the Central Bank of Nigeria, CBN, Governor, Godwin Emefiele and 27 commercial banks from suspending the demonization policy of the federal government.

The High Court Judge, Justice Eneojo Eneche made the order while ruling in an exparte application brought by four political parties against the government and 27 commercial banks in the country.

The plaintiffs in the suit marked FCT/HC/CV/2234/2023 are the Action Alliance, Action People’s Party, Allied People’s Movement and National Rescue Movement, while the defendants include President Buhari, CBN, Emefiele and 27 commercial banks.

According to Tribune, the high court judge, Eleojo Enenche, ordered the CBN not to extend the deadline pending the determination of the suit.

“An order of interim injunction is hereby made restraining the defendants whether by themselves, staff agents, officers, interfacing banks or whosoever not to suspend, stop, extend, vary or interfere with the extant termination date of use of the old N200, N500, and N1000 bank note being 10th day of February 2023, pending the hearing and determination of the motion on notice,” the court held.

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