Naira Swap: El-Rufai, Yahaya Bello Present As Supreme Court Adjourns Case Till Feb 22

The Supreme Court of Nigeria has 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.

The court joined Katsina, Lagos, Cross Rivers, Ogun, Ondo, Ekiti, and Sokoto States as co-plaintiffs in the suit challenging the Naira Redesign policy of the Federal Government.

The various state governments had, through their attorneys general, applied to be joined in the suit.

Similarly, the apex court joined Edo and Bayelsa states in support of the Federal Government on implementation of the naira swap policy.

READ ALSO: Supreme Court Hears Case On CBN’s Naira Swap Policy

The six states in their respective motions for joinder pitched their tents with the three aggrieved states, Kaduna, Zamfara, and Kogi states that initially ignited the suit.

At the last hearing, the 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 and the CBN.