The Supreme Court on Wednesday in Abuja adjourned the hearing in the suit banning the old naira note to be used as a legal tender in line with the Central Bank of Nigeria’s (CBN) redesign policy to Wednesday, 22nd February 2023.
Three governors of Kogi, Kaduna and Zamfara states had earlier filed the suit against the Federal Government seeking a restraining order to stop the full implementation of the CBN policy. Nine governors have now joined the suit bringing the total number of plaintiffs to ten. The states are Katsina, Lagos, Cross River, Ogun, Ekiti, Ondo and Sokoto.
Besides the joinder to the suit, 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, the court insist that the old order to suspend the ban of the now older 200, 500 and 1000 naira notes remains till the next hearing.