Restraining order on ban of old naira notes still stands – Supreme Court
The Supreme Court has said the February 8 restraining order preventing the Central Bank of Nigeria (CBN) from implementation of the February 10 deadline ban on the use of old 200, 500 & 1000 naira notes still stands.
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This was disclosed on Wednesday, February 15, after the court adjourned a suit filed by some governors of the All Progressives Congress (APC) to challenge the naira redesign policy of the CBN.
The Supreme Court adjourned the case till February 22 for a hearing of the consolidated suits by 10 states including Kogi, Kaduna, Zamfara States, among others.
The court made the clarification following complaint by lawyer to Kaduna, Kogi & Zamfara states, Abdulhakeem Mustapha (SAN) that the F.G and its agencies have failed to comply with the order and have allegedly directed the rejection of the old notes.
Mustapha said the plaintiff filed a notice of none-compliance with the order of the court order made on February 8 and demanded that the court take action against the respondent to protect the dignity of the court.
