BREAKING: Again, S’Court Adjourns Naira Suit

The Supreme Court, for the second time, adjourned the naira redesign suit for judgement after the resumption of the hearing on Wednesday.

The Supreme Court on Wednesday fixed 3 March for judgement in a suit filed by some state governments challenging the federal government’s naira redesign policy.

The presiding justice of the Supreme Court, John Okoro, said:

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All the suits adjourned until 3 March for judgement.”

The Supreme Court had on February 8 restrained the Federal Government from implementing the February 10 deadline for swapping the old naira notes with new ones, but the Central Bank of Nigeria refused to shift the deadline.

The injunction was a sequel to a suit filed by Zamfara, Kogi, and Kaduna state governments against the Attorney-General of the Federation on February 3.

At the last sitting on 15 February, two states – Edo and Bayelsa – joined the side of the federal government in the suit, while seven others joined the side of the original three plaintiffs.

The newly-joined co-plaintiffs are Cross River (South-south), Sokoto (North-west), Lagos (South-west), Ogun (South-west), Katsina (North-west), Ondo (South-west), and Ekiti (South-west) states.

Meanwhile, on Wednesday, Jigawa and Nasarawa states joined the plaintiffs.

Details shortly…

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