Nigeria’s Supreme Court on Wednesday adjourned judgment in the consolidated suits filed by ten states on the implementation of the naira redesign policy of the Central Bank of Nigeria (CBN) until March 3 after the presidential election on Saturday.
The governors had approached the court to restrain the Federal Government from fully implementating the naira redesign policy.
Persecondnews recalls that the apex court had adjourned the matter till February 22 to allow it consolidate all cases on the issue challenging the legality of the policy.
Nine more states were joined as parties in the suit initially filed by Kaduna, Kogi and Zamfara States.
A seven-member panel of Justices led by John Okoro joined the attorneys-general of Katsina, Lagos, Ondo, Ogun, Ekiti, Cross River and Sokoto States as co-plaintiffs, while the attorneys-general of Edo and Bayelsa States were joined as co-respondents.
In the past weeks, violent protests had rocked several states including Ogun where about eight banks were razed.
Police said no fever than 30 suspects had been apprehended in connection with the mayhem in Sagamu on Monday.
Lagos, Delta, Oyo, Ondo among others also had their fair share of the protests with several casualties.
Governors of Kaduna, Ogun and others have directed the people to continue to spend the old Naira notes of N500 and N1000 as legal tender in violation of President Buhari’s directive, authorizing only a reissue of old N200 notes till April 10.
Detail later…
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