Naira notes
The Supreme Court has ordered the Federal Government and the Central Bank of Nigeria (CBN) not to enforce the February 10 deadline for the phasing out of the old naira notes.
A five-member panel of the court, led by Justice John Okoro gave the order on Wednesday that it was a matter of urgent national importance that the court should intervene.
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The ruling was on an ex-parte motion filed by the governments of Kaduna, Kogi and Zamfara states
The court adjourned till February 15 for the hearing of the motion on notice and the preliminary objection filed by the defendant – the Attorney General of the Federation (AGF), challenging the court’s jurisdiction over the case.
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