NAIRA SWAP DEADLINE: Governors, CSOs Differ On Supreme Court Judgement
The apex court made the order yesterday following the suit filed by three state governments challenging the Naira swap policy.
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The apex court made the order yesterday following the suit filed by three state governments challenging the Naira swap policy.
Twenty-four hours to the deadline set by the Central Bank of Nigeria, CBN, for the swap of the old naira notes, there is a high level of anxiety across
Nigerian government through the Attorney-General of the Federation (AGF), Abubakar Malami, has asked the Supreme Court to dismiss a suit challenging the naira redesign policy of the Central Bank of Nigeria (CBN). The preliminary objection was filed on Wednesday by the AGF through his lawyers – Mahmud Magaji and Tijanni Gazali. SaharaReporters reported on Wednesday that the Supreme Court temporarily halted the government's move to stop the use of old naira notes on February 10, 2023.
The Socio-Economic Rights and Accountability Project (SERAP) has demanded that Nigeria’s 36 state governors should approach the Supreme Court to explain the secrecy in their asset declarations and how they spent security votes. This comes after the Supreme Court on Wednesday temporarily halted the Nigerian government's move to stop the use of old naira notes on February 10, 2023.
The Supreme Court on Wednesday temporarily stopped the withdrawal of old Naira Notes from Feb. 10