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BREAKING: SUPREME COURT ADJOURNS NAIRA SWAP TO FEB. 22, 2023.

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February 15, 2023
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BREAKING: SUPREME COURT ADJOURNS NAIRA SWAP TO FEB. 22, 2023.
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The Supreme Court has adjourned a hearing in the suit banning the use of the old naira to 22nd February, 2023.

Zamfara, Kogi and Kaduna states had filed suit against the Federal Government seeking a restraining order to stop the implementation of the naira redesign policy of the Central Bank of Nigeria.

After the supreme Court judgement against the 10th February deadline for old naira swap by CBN, seven states joined the suit initially filed by Kogi, Kaduna and Zamfara states to sue the Federal Government. The States were: Ekiti, Lagos, Cross River, Ogun, Ondo and Sokoto and Kastina.

Edo and Bayelsa recently filed to be joined as respondents.

The 7-man panel led by Justice John Okoro has ordered the states to amend their processes to be heard as one.

Tags: CBN
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