The Supreme Court of Nigeria, has adjourned to Wednesday, February 22 for consolidated hearing of the suit filed by three Northern States, Kaduna, Kogi and Zamfara, challenging the Naira redesign policy of the Nigerian Government.
Justice John Okoro, while leading the seven-man panel of Justices adjourned the matter after hearing arguments from both counsels.
At the hearing on Wednesday, seven state governments of Sokoto, Ondo, Lagos, Katsina, Cross River, Ogun and Ekiti through their Attorney Generals joined the list of plaintiffs.
Meanwhile two States; Bayelsa and Edo have joined as defendants.
The plaintiffs had in a motion ex-parte filed on February 3rd, prayed the Apex court to halt the naira redesign policy of the Central Bank of Nigeria.
Justice John Okoro, has ordered the plaintiff to amend their originating process to reflect the co-plaintiffs, who joined in the suit.
Recalled that, the Supreme Court in a unanimous ruling on February 8, granted an interim injunction restraining the Nigerian government, the Central Bank of Nigeria (CBN) and commercial banks from implementing the February 10, deadline for the old 200, 500 and 1000 Naira notes to stop being legal tender.
Read Also:Supreme Court Suspends Deadline on old Naira Notes
The court further held that the Federal Government, CBN and commercial banks must not continue with the deadline pending the determination of a notice in respect of the matter.
Justice Okoro, adjourned to Wednesday 22nd of February for hearing following consensus by parties.
Speaking in an interview, counsel to the plaintiff, Albdulhakeem Mustapha SAN and that of the defendants, Kanu Agabi San, expressed confidence for the amicable resolution of the matter for the benefits of Nigerians.
