Business

Naira policy suit: Supreme Court joins Lagos, Sokoto, 7 others

The Supreme Court has joined eight states as parties in the suit filed by Kaduna, Kogi and Zamfara states.

The Justice John Okoro-led nine-member panel joined the Attorneys General of Katsina, Lagos, Ondo, Ogun, Ekiti, Cross River and Sokoto states as co-plaintiffs.

The Attorneys General of Edo and Bayelsa states were joined as co-respondents.

The states are seeking restraining order against the full implementation of the naira redesign policy especially the swap deadline.

The court ordered the original plaintiffs and the respondent – the Attorney General of the Federation – to amend the processes already filed to reflect the new parties.

READ ALSO: Naira policy: Again, Supreme Court adjourns hearing till Feb 22

At Wednesday, February 15 sitting, the Supreme Court adjourned hearing of the suit to February 22.

Zamfara, Kaduna and Kogi had approached the Supreme Court of Nigeria for reliefs on behalf of their citizens to challenge the February 10 CBN deadline for old naira notes to cease to be legal tender.

The Supreme Court in its ruling on February 8, directed all parties to maintain the status quo and quashed the February10, 2023 deadline till the determination of the case which was adjourned to February 15.

The Star

Editor

Recent Posts

CBN Centres of Excellence abandoned in UNILAG, other universities

Several Centres of Excellence established by the Central Bank of Nigeria (CBN) in universities across…

44 minutes ago

‘100% fake news’: Trump slams CNN over Iran war

United States President Donald Trump has lashed out at CNN over its coverage of the…

2 hours ago

No going back on cashless policy at airports ― Keyamo

The Minister of Aviation and Aerospace Development, Festus Keyamo, has declared that there is no…

3 hours ago

Guinness, UPL top gainers’ chart as stock market records N962bn gain

The Nigerian stock market ended the week on a strong note on Friday, March 13,…

3 hours ago

Naira trades N1,366/$ at official market

The naira closed the week on a positive note on Friday, March 13, 2026, appreciating…

3 hours ago

Kosofe LG chairman denies N100m empowerment fraud allegation

The office of the Chairman of Kosofe Local Government Area in Lagos State, Moyosore Ogunlewe,…

5 hours ago

This website uses cookies.