Naira Swap: Hearing On Case Against CBN Slated For February 22



Hearing of the consolidated suits against the Central Bank of Nigeria (CBN) by 10 states will now be heard on February 22, 2023.


The Supreme Court of Nigeria which provided the date on Wednesday was filled 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.


It would be recalled that at the last hearing, the superior 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.


The Zamfara, Kogi and Kaduna states had instituted the suit against the Federal Government of Nigeria (FGN) and the CBN.


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


Justice John Okoro who led a seven-man panel argued that the court should not lose sight of the case and its intention as it affects the suffering of Nigerians.


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


Bayelsa State, led by Damian Dodo, had also applied to be joined in the suit as a respondent. Similarly, Edo State applied to be joined as a respondent.


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