The Supreme Court Postpones The Naira Redesign Lawsuit Until February 22

The Supreme Court on Wednesday postponed February 22, 2023, the lawsuit filed by some governors to contest the Central Bank of Nigeria’s naira redesign policy (CBN).

The old N200, N500, and N1,000 notes were supposed to be surrendered to banks by January 31 for them to stop being accepted as legal cash. However, as Nigerians’ frustration over the lack of currency grew, the deadline was extended to February 10.

However, before the February 10 deadline could expire, the states of Kogi, Kaduna, and Zamfara petitioned the Supreme Court to order the CBN to stop enforcing the deadline.

The Supreme Court set a new date of February 15, 2023, and temporarily halted the application of the February 10 deadline last week.

The governors of Kaduna and Kogi states, Nasir El-Rufai and Yahaya Bello, respectively, were present at the top court, which was packed with senior Nigerian attorneys and other lawyers.

Niger, Kano, Ondo, and Ekiti are just a few of the states that have asked to be included in the lawsuit against the CBN and the federal government.

A seven-person panel led by Justice John Okoro opened the court session.

He said that because the case and its goal have an impact on Nigerians’ suffering, the court shouldn’t lose sight of them.

Moyosore Onigbanjo, the attorney general for Lagos State, applied to join the case as well.

Damian Dodo’s Bayelsa State has also requested to be added to the lawsuit as a respondent. The state of Edo has also requested to be added as a respondent.

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