The Supreme Court has adjourned the suit filed by governors to challenge the naira redesign policy of the Central Bank of Nigeria (CBN) to Wednesday, February 22.
The CBN had originally fixed January 31, as deadline for old notes to be in circulation but extended it to February 10, in response to pressure from Nigerians.
However, before the February 10 deadline, Kogi, Kaduna and Zamfara States approached the Supreme Court, seeking that the CBN be restrained from going ahead with the deadline.
The three states filed the suit against the Federal Government seeking a restraining order to stop the full implementation of the naira redesign policy of the CBN.
However, seven states have also filed to join the suit initially filed by Kogi, Kaduna and Zamfara Atates.
The states are Katsina, Lagos, Cross River, Ogun, Ekiti, Ondo and Sokoto States bringing the new total of plaintiffs to 10.
On the other hand, Edo and Bayelsa States have filed to be joined as respondents in the suit.
Ruling on Wednesday, the seven-man panel led by Justice John Okoro ordered the states to amend their processes to be heard as one.
He added that pending the hearing of suit, the order to suspend the ban on the old N200, N500 and N1000 notes subsists.
Details later …….
Leave a Reply