Supreme Court Adjourns New Naira Policy Suit To March 3
LAGOS FEBRUARY 22ND (NEWSRANGERS)-The Supreme Court on Wednesday adjourned judgement in the new naira policy suit to March 3, 2023.
With the apex court’s decision, Nigerians, especially consumer and business groups as well as professional and trade unions looking up to the apex court for a favorable judgment (today) that they expect will ameliorate their suffering, will have to wait.
The Supreme Court had on February 8 restrained the Federal Government from implementing the February 10 deadline for swapping the old naira notes with new ones, but the Central Bank of Nigeria refused to shift the deadline.
The injunction was sequel to a suit filed by Zamfara, Kogi and Kaduna state governments against the Attorney-General of the Federation on February 3.
Other states including Lagos, Ondo, Ekiti, Kano, Sokoto, Ogun and Cross River have also joined the suit as co-plaintiffs.
While taking arguments on Wednesday, counsel for the Federal Government, Kanu Agabi, said
He argued that the apex court has no jurisdiction to hear the suit as the action cannot commence with an Originating Summons.
Punch
Short URL: https://newsrangers.com/?p=102422
Posted by News Rangers
on Feb 22 2023. Filed under National.
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