The Supreme Court on Wednesday joined nine states as parties in the suit filed by Kaduna, Kogi and Zamfara challenging the naira swap deadline.
This is as the Governors Nasir El-Rufai and Yahaya Bello of Kaduna and Kogi respectively attended the court proceedings.
The Justice John Okoro-led nine-member panel joined the Attorneys General of Katsina, Cross River, Lagos, Ondo, Ogun, Ekiti and Sokoto States as co-plaintiffs.
The Attorneys General of Edo and Bayelsa states were joined as co-respondents.
The court ordered the original plaintiffs and the respondent – the Attorney General of the Federation – to amend the processes already filed to reflect the new parties.
A seven-man panel of the Supreme Court last Wednesday in a unanimous ruling granted an interim injunction restraining the Federal Government from implementing the CBN’s February 10 deadline for the swapping of the old naira notes with the new ones.
The judgment followed a motion ex-parte on behalf of three northern states Kaduna, Kogi and Zamfara, who on February 3rd filed a suit seeking to halt the implementation of the CBN’s policy.
On February 8, 2022, the PUNCH reports that Federal High Court in Abuja stopped President, Muhammadu Buhari alongside the CBN and commercial banks from interfering, suspending or extending the terminal date of February 10 for the expiration of the old naira notes.
Meanwhile, the Supreme Court sitting in Abuja on Wednesday adjourned a hearing in the suit banning the use of the old naira to Wednesday, 22nd February 2023.
In a new development, nine states have filed to join the suit initially filed by Kogi, Kaduna and Zamfara states.
The states are Katsina, Lagos, Cross River, Ogun, Ekiti, Ondo and Sokoto states bringing the new total of plaintiffs to ten.
On the other hand, Edo and Bayelsa have filed to be joined as respondents.
The seven-man panel led by Justice John Okoro ordered them to amend their processes to be heard as one.
Meanwhile, pending hearing, the old order to suspend the ban of the now older 200, 500 and 1000 naira notes subsist.
A seven-man panel of the Supreme Court last Wednesday in a unanimous ruling granted an interim injunction restraining the Federal Government from implementing the CBN’s February 10 deadline for the swapping of the old naira notes with the new ones.
The judgment followed a motion ex-parte on behalf of three northern states Kaduna, Kogi and Zamfara, who on February 3rd filed a suit seeking to halt the implementation of the CBN’s policy.
On February 8, 2022, the Federal High Court in Abuja stopped President Muhammadu Buhari alongside the CBN and commercial banks from interfering, suspending or extending the terminal date of February 10 for the expiration of the old naira notes.
