Supreme Court Restrains FG from Implementing naira Deadline

today02/08/2023 18

share close

The Supreme Court has restrained the Federal Government from implementing the February 10 Deadline of the old 200, 500 and 1000 naira notes to stop being legal tender.

In a unanimous ruling, a seven-man panel of the Court led by John Okoro, granted an interim injunction restraining the FG, CBN, commercial banks from implementing the February 10, deadline for the old 200, 500 and 1000 Naira notes.

Justice Okoro held that the FG, CBN, commercial banks must not continue with the deadline pending the determination of a notice on notice on in respect of the issue on February 15.

Recall that three northern states Kaduna, Kogi and Zamfara had in a motion ex-parte filed on February 3rd, prayed the apex court to halt the CBN naira redesign policy.

Written by: Helen Obih

Rate it

Previous post


Malian Government Issues Ultimatum to UN Peacekeeping Mission

Mali’s interim government has asked the head of the United Nations peacekeeping mission human rights division to leave the country within 48 hours after being declared persona non grata. The decision to expel Guillaume Andali was connected to his allegedly biased choice of civil society witnesses for UN Security Council briefings on Mali. UN mission in Mali did not immediately respond to a request for comment and Andali could not […]

today02/06/2023 10

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *

Our customer support team is here to answer your questions.
error: Alert: Content is protected !!