The Supreme Court on Wednesday affirmed the validity of the use of old 200, 500 and 1000 naira notes.
The apex court maintained that the February 8 hearing, which paused the implementation of the February 10 deadline ban on using old naira notes, still subsists.
The clarification from the court followed a complaint by Abdulhakeem Mustapha (SAN), lawyer for the Kaduna, Kogi, and Zamfara states, respectively.
A seven-man panel of the Supreme Court last Wednesday, in a unanimous ruling, granted an interim injunction restraining the Federal Government from implementing the Central Bank of Nigeria’s February 10 deadline for the swapping of the old naira notes with the new ones.
The judgement followed a motion ex parte on behalf of three northern states—Kaduna, Kogi and Zamfara—who on February 3rd filed a suit seeking to halt the implementation of the CBN’s policy.
On Wednesday (today), the apex court adjourned a hearing in the suit banning the use of the old naira to Wednesday, 22nd February 2023.
This is coming after nine joined the suit initially filed by Kogi, Kaduna and Zamfara states.
The states are Katsina, Lagos, Cross River, Ogun, Ekiti, Ondo, and Sokoto states, bringing the new total of plaintiffs to ten. On the other hand, Edo and Bayelsa have filed to be joined as respondents.
The seven-man panel led by Justice John Okoro ordered them to amend their processes to be heard as one.
But speaking during the proceeding, Mustapha said the apex government and its agencies have allegedly directed the rejection of the old notes, thereby failing to comply with the February 8 court order.
According to him, the plaintiff filed a notice of non-compliance with the order of the court made on February 8.
“The order has been flouted by the government. We are talking of executive lawlessness here. We have filed an affidavit to that effect… We want the court to renew the order for parties to be properly guided,” he said.
In his response, Justice Okoro asked Mustapha to file a proper application and put forward his complaints. This, he said, would enable the respondent to respond appropriately.
According to Okoro, the court’s order on February 8 was not needed to be renewed since it was made pending the determination of the plaintiff’s motion for injunctions.
