Naira Swap: Supreme Court Adjourns Till March 3

Tunji Buhari tunji
Tunji Buhari tunji

The Supreme Court has adjourned a case instituted by the state governments against the federal government over the naira redesign to March 3.

The Supreme Court had on February 8 restrained the Federal Government from implementing the February 10 deadline for swapping the old naira notes with new ones, but the Central Bank of Nigeria refused to shift the deadline.

The injunction was sequel to a suit filed by Zamfara, Kogi and Kaduna state governments against the Attorney-General of the Federation on February 3.

Other states including Lagos, Ondo, Ekiti, Kano, Sokoto, Ogun and Cross River have also joined the suit as co-plaintiffs.

More states have since joined as plaintiffs including Lagos, Rivers, and Bayelsa.

 

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