Home News S’Court Backs Down on Order Halting CBN’s Ban on Old Naira Notes
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S’Court Backs Down on Order Halting CBN’s Ban on Old Naira Notes

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The Supreme Court on Wednesday refused to renew its order extending the time within which the old Naira notes should remain in circulation.

The order which was issued last Wednesday expired today, Wednesday February 15.

The court however joined the Attorneys General of Katsina, Lagos, Ondo, Ogun, Ekiti and Sokoto States as co-plaintiffs.

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The Attorneys General of Edo and Bayelsa states were joined as co-respondents.

The court ordered the original plaintiffs and the respondent – the Attorney General of the Federation – to amend the processes already filed to reflect the new parties.

During the last hearing, the court granted an interim injunction restraining the Federal Government from implementing the CBN’s February 10 deadline for the swapping of the old naira notes with the new ones.

The case has however been adjourned to February 22nd for continuation.

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