At the most recent hearing, the Court temporarily halted the CBN’s plan to make the old N200, N500, and N1,000 notes legal tender by the deadline of February 10.
The petition brought by ten state governments challenging the Central Bank of Nigeria’s (CBN) naira swap policy has been postponed by the Nigerian Supreme Court until a hearing on Wednesday, February 22.
A retinue of Senior Advocates of Nigeria, other attorneys, and the governors of Kaduna and Kogi states, Nasir El-Rufai and Yahaya Bello, respectively, filled the top court, which heard the case on Wednesday, to capacity.
At the most recent hearing, the Court temporarily halted the CBN’s plan to make the old N200, N500, and N1,000 notes legal tender by the deadline of February 10.
The lawsuit was filed against the Federal Government and the CBN by the states of Zamfara, Kogi, and Kaduna.
Niger, Kano, Ondo, and Ekiti were among the states that had asked to be included in the lawsuit against the CBN and the federal government.
Court proceedings began with Justice John Okoro leading a seven-man panel.
He said the court should not lose sight of the case and its intention as it affects the suffering of Nigerians.
Lagos State, through its Attorney General, Moyosore Onigbanjo, also applied, seeking to be joined in the suit.
