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Supreme Court adjourns suit on old naira notes


Supreme Court adjourns suit on old naira notes

By Odunayo Odeja

The Supreme Court sitting in Abuja has adjourned a hearing in the suit banning the use of the old naira to Wednesday, 22nd February 2023.

Zamfara, Kaduna and Kogi states filed a suit against the Federal Government seeking a restraining order to stop the full implementation of the naira redesign policy of the Central Bank of Nigeria.

In a new development, nine states have filed to join the suit initially filed by the three states.

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The states include Katsina, Lagos, Cross River, Ogun, Ekiti, Ondo and Sokoto states bringing the new total of plaintiffs to ten.

The 7-man panel led by Justice John Okoro ordered them to amend their processes to be heard as one.

Meanwhile, pending hearing, the old order to suspend the ban of the now older 200, 500 and 1000 naira notes subsist.

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