Naira Crisis: Supreme Court adjourns till March 3 for judgement

The Supreme Court has adjourned till March 3 to deliver its judgement on the consolidated suit filed by aggrieved state governors to set aside the decision of the Federal Government to ban the use of old N200, N500 and N1000 banknotes as valid legal tenders.

The apex court which was presided over by a seven-man panel stand down the matter for judgement after all the parties adopted their briefs of arguments.

It would be recalled that though only three northern states- Kaduna, Kogi and Zamfara- initially approached the Supreme Court to challenge FG’s decision, other states subsequently persuaded the Justice Inyang Okoro led panel to join them as interested parties in the matter.

The states the court joined as parties in the suit include: Lagos, Cross River, Ogun, Ekiti, Ondo, Sokoto, Abia, Jigawa, Kano, Rivers and President Muhammadu Buhari’s homestate, Katsina.

All the suits the apex court consolidated and heard on Wednesday, were marked: SC/CV/162/23, SC/CV/162/23, SC/CS/197/23, SC/CV/200/23, SC/CV/210, SC/CV/227, SC/CV/229/23 and SC/CV/222/23.