A Federal Capital Territory High Court, on Monday, restrained the Central Bank of Nigeria from extending the deadline for the use of the old naira notes.
The court also ordered the CBN to fully implement the redesigned naira.
Presiding judge, Justice Eleojo Enenche, gave the order while delivering ruling in a suit marked FCT/HC/CV/2234/2023.
According to the court, “An order of interim injunction is hereby made restraining the defendants whether by themselves, staff agents, officers, interfacing banks or whosoever not to suspend, stop, extend, vary or interfere with the extant termination date of use of the old N200, N500, and N1000 bank note being 10th day of February, 2023, pending the hearing and determination of motion on notice.”
CBN had set January 31 as the deadline for the exchange of old naira notes with the redesigned ones.
CBN had redesigned N200, N500, and N1000 notes.
Following the outcry that greeted the scarcity of the naira, the apex bank had extended the deadline till February 10.
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