Naira scarcity: Supreme Court adjourns Kaduna, Kogi, Zamfara’s suit hearing

The Supreme Court has adjourned the hearing of the lawsuit filed before it by Kaduna, Kogi and Zamfara states to Wednesday, February 22.

The apex court was expected to give a verdict on the suit seeking a restraining order to stop the full implementation of the naira redesign policy of the Central Bank of Nigeria (CBN) today, February 5.

But in a twist of turn, the court said the suit would be heard in less than five days before the presidential and National Assembly (NASS) election.

Kaduna governor, Malam Nasir El-Rufai and his Kogi counterpart, Yahaya Bello, were in the court today for the hearing.

Meanwhile, the apex court has joined nine states as parties in the suit filed by Kaduna, Kogi and Zamfara challenging the naira swap deadline.

The Justice John Okoro-led nine-member panel joined the Attorneys General of Katsina Lagos, Ondo, Ogun, Ekiti and Sokoto States as co-plaintiffs. The Attorneys General of Edo and Bayelsa states were joined as co-respondents.

More details coming,.

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