Supreme Court has restrained the FG and CBN from enforcing the February 10 deadline for old naira notes...

The Supreme Court has issued an order of interim injunction restraining the Federal Government and the Central Bank of Nigeria (CBN) from enforcing the February 10 deadline for the phasing out of the old naira notes.

The ruling was on an ex-parte motion 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..
Source: News Agencies