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Drama as Edo Bayelsa, Rivers, other states join currency redesign suit against Federal Government and CBN at the Supreme Court

The Supreme Court on Wednesday adjourned hearing in a suit filed by Kaduna, Kogi and Zamfara states against the federal government seeking a restraining order to stop the full implementation of the naira redesign policy of the Central Bank of Nigeria (CBN) until Feb. 22.

The Supreme Court on Wednesday ruled that the old 200, 500 and 1000 naira notes are still recognised as legal tender in Nigeria. The apex court made this known while reinstating its order stopping the Nigerian government and its agencies from implementing the February 10 deadline. The court issued the clarification in response to a complaint by Abdulhakeem Mustapha (SAN), a lawyer for Kaduna, Kogi, and Zamfara states, that the Federal Government and its agencies had failed to comply with the order and had allegedly directed the rejection of the old notes.

The Supreme Court has adjourned the suit filed by state governments to challenge the naira redesign policy of the Central Bank of Nigeria (CBN). The Supreme Court adjourned the case till Wednesday, February 22 for a hearing of the consolidated suits by 10 states. READ ALSO: CBN delists old ‎200, ‎500, ‎1000 naira notes as […]

The Kaduna State Mediation Working Committee (KSMWC), has called on international partners and local civil society organizations to work hard toward