Supreme Court Adjourns Lawsuit Against FG On Old Naira Notes

• The Supreme Court has adjourned a lawsuit against the Federal government on old Naira notes.

• The suit filed by Kaduna, Kogi and Zamfara states against the Government was seeking a restraining order to stop the full implementation of the naira redesign policy.

• The hearing was postponed on Wednesday.

EKO HOT BLOG reports that the Supreme Court has adjourned the suit filed by governors to challenge the naira redesign policy of the Central Bank of Nigeria (CBN) to Wednesday, February 22.

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The 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.

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

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