The Supreme Court of Nigeria has again ADJOURNED the case on the naira swap policy of the Central Bank of Nigeria (CBN) till Wednesday, February 22 for hearing of the consolidated suits by 10 states.
Court proceedings began with Justice John Okoro leading a seven-man panel who said the court should not lose sight of the case and its intention as it affects the suffering of Nigerians.
Counsel to the State Government, Abdulhakeem Mustapha who spoke to journalists on the implication of yesterday’s Supreme Court decision noted that the court decision still stands in that the old naira notes still remains a legal tender.
Zamfara, Kogi and Kaduna states had instituted the suit against the Federal Government and the CBN. Other states, namely Niger, Kano, Edo State, Ondo, Ekiti, had also applied to be joined in the suit against the CBN and the Federal Government while Bayelsa State, led by Damian Dodo, had also applied to be
joined in the suit as a respondent.