Naira Palava: Musings Continue As S’Court Adjourns Ruling To March 3rd

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The controversies trailing the use of the old Naira notes continue as the Supreme Court on Wednesday adjourned judgement on the new naira policy suit to March 3, 2023.

The seven-member panel of the apex court unanimously made this decision on Wednesday during court hearing.

The Supreme Court held that the judgment can only be delivered after the presidential election billed for Saturday, February 25.

It would be recalled that 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 sequel to a suit instituted by Zamfara, Kogi and Kaduna state governments against the Attorney-General of the Federation on February 3.

Other states including Lagos, Ondo, Ekiti, Kano, Sokoto, Ogun and Cross River had also applied to joined the suit as co-plaintiffs, while Bayelsa and Edo joined the Federal Government as co-defendants

More to come soon…

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