Supreme Court adjourns suit on old, new naira notes until Feb 22
AREWA AGENDA – The Supreme Court has adjourned the suit filed by some state governors challenging the naira redesign policy of the Central Bank of Nigeria (CBN).
The apex court under Justice Inyang Okoro fixed Feb.22 for the hearing of the suites while directing all parties involved to amend their processes to reflect the new position of their respective cases.
Kogi, Kaduna and Zamfara States approached the Supreme Court, seeking that the CBN from be restrained going ahead with the deadline.
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CBN had originally fixed January 31 as the deadline for old notes to be in circulation but extended it in response to pressure from Nigerians.
The Supreme Court on Wednesday, February 8 issued an interim injunction restraining the Federal Government from suspending the acceptance of the old Naira notes on the Friday, February 10, 2023 deadline.
Amid the court’s injunction, banks and some commercial service providers are rejecting old Naira notes.
Recall that AREWA AGENDA reported CBN Branch Controller in Bauchi, Haladu Idris Andaza saying ‘old naira notes of ₦200, ₦500, ₦1000 notes are no longer legal tender in the country since Friday, February 10, 2023 despite the Supreme Court order.
