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HomeNewsUPDATE: Supreme Court Adjourns Hearing On Naira Scarcity

UPDATE: Supreme Court Adjourns Hearing On Naira Scarcity

NIGERIA- The Supreme Court sitting in Abuja on Wednesday adjourned a hearing in the suit banning the use of the old naira to Wednesday, 22nd February 2023.

The three states filed the suit against the Federal Government seeking a restraining order to stop the full implementation of the naira redesign policy of the Central Bank of Nigeria.

In a new development, nine states have filed to join the suit initially filed by Kogi, Kaduna, and Zamfara states.

The states are Katsina, Lagos, Cross River, Ogun, Ekiti, Ondo, and Sokoto states bringing the new total of plaintiffs to ten.

On the other hand, Edo and Bayelsa have filed to be joined as respondents.

The seven-man panel led by Justice John Okoro ordered them to amend their processes to be heard as one.

Meanwhile, pending a hearing, the old order to suspend the ban of the now older 200, 500, and 1000 naira notes subsists.

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