The Supreme Court has adjourned the suit brought by governors to challenge the Central Bank of Nigeria’s (CBN) naira redesign policy until Wednesday, February 22.
Due to the new twist in the case, a seven-member panel of the court’s Justices ordered Kogi, Kaduna, and Zamfara states to amend their initial Originating Summons to reflect the new states that joined as interested parties in the matter.
The panel, led by Justice Inyang Okoro, also asked the plaintiffs to file and serve all relevant processes on the respondents by Friday, even as it deferred further proceedings in the issue until next week Wednesday.
The Supreme Court stated that it will consolidate all cases and that other states would follow its verdict on the topic.
Meanwhile, before the matter was adjourned, Mr. AbdulHakeem Mustapha, SAN, counsel for the three northern states that initiated the litigation, drew the attention of the apex court to the fact that its ex-parte order that restrained the FG from implementing the February 10 deadline for the use of old banknotes was flouted.
Mustapha, SAN, informed the court that CBN had subsequently invalidated the old N200, N500, and N1000 notes, despite the injunction.
As a result, he appealed to The Supreme court to reinstate the interim injunction, claiming that he had also filed a procedure to reflect the FG’s disobedience to the court order.
Reacting on behalf of FG, a former AGF, Chief Kanu Agabi, SAN, informed the apex court that Mustapha’s assertion was within the realm of “mere rumour”.
Disclaimer
The provided information is intended for general awareness and may not be entirely accurate or up-to-date. The post disclaims any warranties regarding the completeness, accuracy, or reliability of the content, services, or graphics on the website. It advises caution when using the information for any purpose.