BREAKING: Supreme Court adjourns governors’ suit on old Naira notes

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

However, before the February 10 deadline, Kogi, Kaduna and Zamfara States approached the Supreme Court, seeking that the CBN from be restrained going ahead with the deadline.

Wednesday’s hearing, led by Justice John Okoro, had the governors of Kaduna and Kogi states, Nasir El-Rufai and Yahaya Bello, respectively in attendance.

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

Justice Okoro stated that the apex court would not lose sight of the case as it affects Nigerians.

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