The Supreme Court on Wednesday temporarily halted the move by the federal government to ban the use of the old naira notes from February 10, 2023.

A seven-member panel led by Justice John Okoro, halted the move of the federal government in a ruling in an exparte application brought by three northern states of Kaduna, Kogi and Zamfara.

The three states had specifically applied for an order of Interim Injunction restraining “the federal government through the Central Bank of Nigeria (CBN) or the commercial banks from suspending or determining or ending on February 10, 2023, the time frame with which the now older version of the 200, 500 and 1,000 denomination of the naira may no longer be legal tender pending the hearing and determination of their motion on notice for interlocutory injunction”.

Moving the application on Wednesday, counsel to the applicants, Mr A. I. Mustapha, SAN, had urged the apex court to grant the application in the interest of justice and the well-being of Nigeria.

He stated that the policy of the government had led to an “excruciating situation that is almost leading to anarchy in the land “.

While he referred to a Central Bank of Nigeria’s (CBN) statistics which put the number of people who don’t have bank accounts at over 60 percent, Mustapha lamented that the few Nigerians with bank accounts can’t even access their monies from the bank as a result of the policy.

The senior lawyer further argued that unless the Supreme Court intervenes the situation will lead to anarchy because most banks are already closing operations.

Delivering ruling in the motion, Justice Okoro, held that after a careful consideration of the motion exparte this application is granted as prayed, “An order of Interim Injunction restraining the federal government through the Central Bank of Nigeria (CBN) or the commercial banks from suspending or determining or ending on February 10, 2023, the time frame with which the now older version of the 200, 500 and 1,000 denomination of the naira may no longer be legal tender pending the hearing and determination of their motion on notice for interlocutory injunction”.

He accordingly adjourned to February 15, 2023 for hearing of the main suit.

Source https://www.thisdaylive.com/index.php/2023/02/08/supreme-court-temporarily-halts-banning-of-old-naira-notes/

Supreme Court president is that you?

These governors are our problems,they are fighting us in the name of working for us

Criminal collaborators. Corruption will fight back but we will come out victorious surely.

Where was supreme court when APC injected billions of naira into currency change? Is the money a waste now? Why being reactive rather than being proactive?

APC, Party of forward and backward. To think this is a party where more than hundred people easily purchased presidential form for 100million will leave you speechless.

What politicians cannot do in Nigeria does not exist abeg Japa nation fully activated... I give up because the judiciary that is the last hope of the common man has become the den for politicians to play green/red light game

Though it is better as this policy is halt because it affect the common man more but what am against is the political class using the supreme Court as the want and no more justice for the common

This is serious

Vawulence loading buhari won't take this likely

Terrible country

These guys are our problems.God save this country.

I just heard it on Arise tv now.
Evil people cum enemies of Nigerians in the mud.

The imps wont be able to sleep today

Will buhari obey court order

Clevite:
Alex

OK na. Let's see the next move..

Supreme Court dey play, buhari will not take them seriously. who in his right sense will believe that Supreme Court will do justice to any matter after affirming Lawan fake victory,no arms of govt or govt agencies can't be influenced by tinubu drug money and apc govs looted funds

This injunction effectively overrules the order of the High Court of FCT that earlier restrained the CBN from extending the date beyond February 10. The jurisdiction of the FCT Court to make the order is questionable in the first place.

This current crop of justices needs to be investigated and removed. How can a case be move to the supreme court directly?

And stop quoting me when you don't understand the law.

El Rufai organized a meeting in Kaduna yesterday and urged the people to continue using the old naira notes. He told them Tinubu would review the policy when he wins but people thought he was kidding. Now I see.

Kogi, Zamfara and Kaduna which made this move are all states governed by APC. We now know the party that has the interest of the common man at heart. This thing would pain those who thought they could win elections by inflicting pains on the masses.

God bless incoming President Asiwaju Bola Ahmed Tinubu.

Our judicial system is a joke

It only affects the common man

Very nonsense country

Jagaban fighting for the masses.

Unlike those who have mastered the art of wickedness and visionlessness.

Anambra really suffered under Peter Obi who was saving public funds in his own bank, while forming fake messiah.

Even the Igbos below lamented bitterly.

Good one but will Bubu obey?

Ok

Ok
It means the judgement will be copied to the CBN,office of the president,minister of finance and the bankers union .
So it also means that the CBN governor will needd to issue a fr ah directive to all the banks
Then the CBN will need to assembly it's legal team to go to the supreme court on this issue first before another directive can be given

Now if the Emefiele disregards the supreme court ...........the supreme court can automatically ask for his arrest


I dey look DSS and NASS with very sharp crocodile mouth and shark teeth

Government of confusion and chaos

Just Wow...

Governors who never did any meaningful thing since fuel hike vis-a-vis scarcity and endless bloodletting suddenly became patriotic enough to go to the court.

Personal interest is personal interest.

Will Buhari, Malami, and Emefiele enforce the Court order

Joevics:
This current crop of justices needs to be investigated and removed. How can a case be move to the supreme court directly?

It is a case of State Governments versus Federal Government. Supreme Court is the only Court to hear the case.

Omoh

Throwback:
Jagaban fighting for the masses.

Unlike those who have mastered the art of wickedness and visionlessness.

Hahaha agbado media don start. Jagaban fighting for the masses after 8 years of supporting Buhari. Voted and supported him in 2015 and 2019. Now its election time and Jagaban remembered the masses. 🤣

What agbado media cannot concoct does not exit.

APC and APC will fight dirty in this coming election. Cabal will look for another means.