The Supreme Court on Wednesday adjourned hearing on the suit filed by three state governors on the deadline issued by the Central Bank of Nigeria (CBN) on the timeline for Nigerians to exchange their old notes for new ones.
The apex court set next Wednesday, February 22 for hearing on the consolidated suits.
The court led by Justice John Okoro joined nine states as parties in the suit filed by Kaduna, Kogi and Zamfara governments challenging the naira swap deadline.
Kaduna State Governor, Nasir El-Rufai, his Kogi and Zamfara counterparts, Yahaya Bello and Bello Matawalle respectively were physically present at the hearing.
Also, the Attorneys General of Edo and Bayelsa states were also joined as co-respondents, on the side of the federal government.
The governments of Edo and Bayelsa States had applied to be joined in the suit first instituted by the three governors against the CBN over the deadline given for the expiration of old naira notes as legal tender.
The Supreme Court had last week granted an interim order preventing the central bank from discontinuing the use of existing naira notes on February 10.
The ruling of interim injunction was issued amid a severe shortage of the newly redesigned N200, N500, and N1,000 bank notes.
Based on the ex parte plea submitted by three northern States held by the ruling APC, the court temporarily granted the order, rescinding the CBN’s deadline of February 10 to stop the validity of the old versions of the banknotes.
