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Naira swap policy: Supreme Court adjourns case against CBN till Feb 22

The Supreme Court has adjourned till February 22 hearing in a suit filed by Kaduna, Kogi and Zamfara states against the Federal Government seeking a restraining order to stop the full implementation of the naira redesign policy of the Central Bank of Nigeria (CBN).

The CBN had originally fixed January 31 as the deadline for old notes to be in circulation but extended it in response to pressure from Nigerians. However, before the February 10 deadline, Kogi, Kaduna and Zamfara States approached the Supreme Court, seeking that the CBN be restrained from going ahead with the deadline.

The court began hearing on the case today February 15.

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