CBN Naira Policy: S’Court Adjourns Case Against FG To Feb 22, 2023

Admin II
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The Supreme Court of Nigeria on Wednesday, February 15, 2023, adjourned the case on the Naira swap policy of the Central Bank of Nigeria (CBN) till Wednesday, February 22, 2023 for hearing of the consolidated suits by 10 states.

The Court proceedings which commenced with Justice John Okoro leading a seven-man panel of Justices, said that the apex Court should not lose sight of the case and its intention as it affects the suffering of Nigerians.

In his remarks, Justice Okoro said that he does not want those of them in the Court to behave like politicians, adding that it was not about who complies or who doesn’t but that it was more about putting heads together to save the people from sufferings.

At the last hearing, the Supreme Court temporarily halted the implementation of the February 10, 2023 deadline of the CBN from making the old N200, N500 and N1,000 notes illegal tender.

Kaduna, Kogi and Zamfara states had instituted the suit against the Federal Government and the CBN while other states including Ekiti, Kano, Niger and Ondo, later applied to be joined in the suit.

Similarly, Lagos State, through its Attorney General and Commissioner for Justice, Mr.Moyosore Onigbanjo, equally applied seeking to be joined in the suit.

On the other hand, Bayelsa and Edo State, led by Damian Dodo applied to be joined in the suit as a respondent. Similarly, Edo State applied to be joined as respondents.

The Supreme Court was on Wednesday filled to capacity with a retinue of Senior Advocates of Nigeria (SANs), other lawyers and Governors Nasir El-Rufai and Yahaya Bello of Kaduna and Kogi states respectively.

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