SUPREME COURT ADJOURNS HEARING OF NAIRA SWAP SUIT TILL FEBRUARY 22

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The Supreme Court of Nigeria has adjourned the case on the naira swap policy of the Central Bank of Nigeria (CBN) till Wednesday, February 22 for hearing.

The apex court, which heard the case on Wednesday, was filled to capacity with a retinue of Senior Advocates of Nigeria, other lawyers and the governors of Kaduna and Kogi states, Nasir El-Rufai and Yahaya Bello, respectively.

At the last hearing of the suit instituted by Zamfara, Kogi and Kaduna states against the Federal Government and the CBN, the Court had temporarily banned the implementation of the February 10 deadline of the CBN from making the old N200, N500 and N1,000 notes legal tender.

Niger, Kano, Ondo, and Ekiti States had also applied to be joined in the suit against the CBN and the Federal Government.

Lagos State, through its Attorney General, Moyosore Onigbanjo, also applied, seeking to be joined in the suit.

Leading a seven-man panel, Justice John Okoro said the court should not lose sight of the case and its intention as it affects the suffering of Nigerians.

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