Home Nigeria News Now BREAKING: Court Gives Judgement on suit seeking CBN Extension of ...

BREAKING: Court Gives Judgement on suit seeking CBN Extension of deadline on use of old naira notes

0
Peter Obi petition against Tinubu, at Presidential Election Petition Court
Advertisement

Court restrains CBN from extending deadline on use of old naira notes

A Federal Capital Territory, FCT, High Court has stopped the Central Bank of Nigeria, CBN, from extending the deadline for using the old naira notes.

The court also told the CBN to put the new naira into full use.

Advertisement

Read Also: The North is confused about who to support because of pressure from Wike — Kastina born analyst

On Monday, the judge in charge, Eleojo Enenche, gave the order in a case with the number FCT/HC/CV/2234/2023.

“An order of interim injunction is made restraining the defendants, whether by themselves, staff agents, officers, interfacing banks, or anyone else, not to suspend, stop, extend, change, or interfere with the current end date of use of the old N200, N500, and N1000 bank notes, which is February 10, 2023, until the motion on notice is heard and decided,” the court said.

Also Read: JUST IN: Jesse Marsch Sacked As Leeds Head Coach, Here’s what we Know

The CBN said that the old naira notes had to be traded in for the new ones by January 31.

Advertisement

In response to the uproar caused by the lack of naira, the apex bank pushed back the deadline to February 10.

See Also: I Don’t Know Where Tinubu Will Win In The North — Kano-based Elder Statesman, Tanko Yakassai

Action Alliance (AA), Action Peoples Party (APP), Allied Peoples Movement (APM), and National Rescue Movement (NRM) are the plaintiffs.

Also recommended for you. 

Thanks for using our platform to learn about the latest Naija News on Court restrains CBN from extending deadline on use of old naira notes

 

Advertisement
Advertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here