The Supreme Court has adjourned till Wednesday, February 22 the suit filed by state governments to challenge the naira redesign policy of the Central Bank of Nigeria (CBN).
The apex court adjourned hearing of the consolidated suits by 10 states.
Recall, Kogi, Kaduna and Zamfara States approached the Supreme Court, seeking that the CBN be restrained going ahead with the deadline.
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.
The Supreme Court on Wednesday, February 8 issued an interim injunction restraining the Federal Government from suspending the acceptance of the old Naira notes on the Friday, February 10, 2023 deadline.
Meanwhile, amid the court’s injunction, banks and some commercial service providers are rejecting old Naira notes.
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