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Supreme Court Suspends CBN Deadline On Exchange Of Naira Notes
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Supreme Court Suspends CBN Deadline On Exchange Of Naira Notes 

The action was stopped on February 8, 2022, by a seven-member panel chaired by Justice John Okoro.

By Omotayo Olutekunbi

The Supreme Court halted the Federal Government’s plan to phase out the usage of old naira notes on February 10, 2023.

The action was stopped on February 8, 2022, by a seven-member panel chaired by Justice John Okoro.

Three state governments took the Federal Government to the Supreme Court over the shortage of old and new Naira notes as a result of the Central Bank of Nigeria’s (CBN) naira redesign strategy.

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