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Home Economy

Naira Redesign: Supreme Court Fixes New Date For Ruling…

Supreme Court adjourns to 3rd March 2023

newsonspotadmin by newsonspotadmin
February 22, 2023
in Economy, News
Reading Time: 1 min read
0
New Naira Notes

The Supreme Court on Wednesday adjourned judgement in the new naira policy suit to March 3, 2023.

The court, which heard the case on Wednesday, was filled to capacity with a retinue of Senior Advocates of Nigeria and other lawyers.

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

Read This: New Naira Notes: Supreme Court Suspends Enforcement Of 10 February Deadline…

The Zamfara, Kogi and Kaduna states had instituted the suit against the Federal Government and the CBN.

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

Read Also: FG To Supreme Court: You Have No Jurisdiction On Naira Notes…

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

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

Similarly, Edo State applied to be joined as a respondent.

Tags: Adjourned JudgementCBNCentral Bank of NigeriaFederal GovernmentNew Naira Policy SuitNewsonspotSupreme Court
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