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.
Recall that Kaduna, Kogi and Zamfara had approached the apex Court amid cash crunch in the country.
The suit was instituted against the Federal Government and the CBN.
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Other states, like Niger, Kano, Ondo, Ekiti, Edo had also applied to be joined in the suit.
The apex court, which heard the case on Wednesday, February 15, 2023 was filled to capacity with a retinue of Senior Advocates of Nigeria, other lawyers and the governors of Kaduna and Kogi states, Nasir El-Rufai and Yahaya Bello, respectively.
During the Court proceedings Justice John Okoro who lead a seven-man panel said the court should not lose sight of the case and its intention as it affects the suffering of Nigerians.
Meanwhile during the last hearing, the Court temporarily banned the implementation of the February 10 deadline of the CBN from making the old N200, N500 and N1,000 notes legal tender.
However, the Lagos State, through its Attorney General, Moyosore Onigbanjo, also applied, seeking to be joined in the suit.
Bayelsa State, led by Damian Dodo, had also applied to be joined in the suit as a respondent.
