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BREAKING NEWS: Supreme Court Adjourned Ruling On Naira Swap Policy.



The supreme court of Nigeria has adjourned the suit the suit filed by 10 governors seeking for the suspension of the naira swap policy of the Central Bank Bank Of Nigeria.

The Supreme Court adjourned the case on the naira swap policy of the Central Bank of Nigeria (CBN) till Wednesday, February 22 for hearing of the consolidated suits by 10 states.

The apex court, which heard the case on Wednesday, was filled to capacity 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.

Recall that at the last hearing, the Court temporarily banned the implementation of the February 10 deadline of the CBN from making the old N200, N500 and N1,000 notes legal tender.

Read More:BREAKING: Supreme Court Stops FG From Old Naira Deadline

The Zamfara, Kogi and Kaduna governments was the first states to instituted the suit against the Federal Government and the CBN.

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

Court proceedings began with Justice John Okoro leading a seven-man panel.

He said 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.

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