Supreme Court Adjourns Case on Naira Swap Till February 22

Supreme Court Adjourns Case on Naira Swap Till February 22 (News Central TV)
New Naira

The Supreme Court of Nigeria on Wednesday adjourned the suit filed by three state governors on the deadline issued by the Central Bank of Nigeria (CBN) on the timeline for Nigerians to exchange their old notes for new ones.

The apex court, which heard the case on Wednesday, was filled to capacity with a entourage of Senior Advocates of Nigeria, other lawyers and the governors of Kaduna and Kogi states, Nasir El-Rufai and Yahaya Bello, respectively.

Supreme Court Adjourns Case on Naira Swap Till February 22 (News Central TV)

Court proceedings began with Justice John Okoro leading a seven-man panel. Governors of Zamfara, Kogi and Kaduna states had instituted the suit against the Federal Government and the CBN.

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The Court temporarily banned the implementation of the February 10 deadline of the CBN from making the old N200, N500 and N1,000 notes legal tender.

Other states, namely Niger, Kano, Ondo, Ekiti, had also applied to be joined in the suit against the CBN and the Federal Government.

Justice Okoro said the court should not lose sight of the case and its intention as it affects the suffering of Nigerians.

Bayelsa State, led by Damian Dodo, had also applied to be joined in the suit as a respondent.

Lagos State, through its Attorney General, Moyosore Onigbanjo, also applied, seeking to be joined in the suit.

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