News
Cash swap: Supreme Court suspends CBN’s Feb 10 deadline
The Supreme Court of Nigeria has today restrained the Federal Government from continuing with the full implementation of the demonetization policy.
Three northern states, Kaduna, Kogi and Zamfara, had, in a motion ex-parte filed on February 3rd, prayed the apex court to halt the Central Bank of Nigeria’s naira redesign policy.
A 7-man panel of the Supreme Court led by Justice JOHN OKORO, in a unanimous ruling, granted an interim injunction restraining the Federal Government, C-B-N, commercial banks from implementing the February 10 deadline for the old 200, 500 and 1000 Naira notes to stop being a legal tender.
The court further held that the FG, CBN, and commercial banks must not continue with the deadline pending the determination of a notice on notice in respect of the issue on February 15.
-
Osun News4 days agoArrested OSTMS Chairman, Alowonle On Life Support, As Govt Seeks Prosecution Head of Anti-Kidnapping Squad
-
Politics7 days agoOndoDecides: See official results collated per Local Government
-
Politics6 days agoTinubu sacks top government official, names replacement (photos)
-
Osun News4 days agoPolice Arrest Gov Adeleke’s aide, Alowonle
-
Politics7 days agoOGSIEC Announces 2024 Local Government Election Results
-
Health7 days agoReasons you should never microwave these five foods (List)
-
Foreign5 days agoCanadian Govt Takes Fresh Action On Study Permits, Permanent Residency For Foreign Students
-
Politics6 days agoServing Senator Suspended From Party Over Alleged Anti-party