The Supreme Court has given an order of interim demand restraining the Federal Government and the Central Bank of Nigeria (CBN) from executing the February 10 deadline for the old naira notes.
A five-member panel of the court, led by Justice John Okoro hd that it was a matter of urgent national importance that the court intervenes and grant the order.
The verdict was on an ex-parte move filed by the governments of Kaduna, Kogi, and Zamfara states
The order, according to Justice Okoro, who read the lead ruling, is to subsist pending the hearing and determination of the motion on notice filed by the state for interlocutory injunctions.
The court adjourned till February 15 for the hearing of the motion on notice and the preliminary objection filed by the defendant – the Attorney General of the Federation (AGF), challenging the court’s jurisdiction over the case.
