JUST IN: Supreme Court Adjourns Naira Swap Case to March 3

The Supreme Court has adjourned judgement on a suit filed by some state governments, asking the apex court to restrain the Muhammadu Buhari administration from fully implementing the naira redesign policy.

The court adjourned till March 3, which is after the Presidential and National Assembly elections.

The Supreme Court had last week earlier adjourned the suit to February 22 to allow it consolidate all cases on the matter emanating from nine more States of the Federation seeking to be joined in the suit.

Nine more states were joined as parties in the suit initially filed by the trio of Kaduna, Kogi, and Zamfara States challenging the legality of the policy.

A seven-member panel, led by Justice John Okoro, the apex court joined the attorneys-general of Katsina, Lagos, Ondo, Ogun, Ekiti, Cross River and Sokoto States as co-plaintiffs, while the attorneys-general of Edo and Bayelsa States were joined as co-respondents.

The apex court had granted an order sought by the plaintiffs for the deadline for use of old N200, N500 and N1000 notes to be extended.

The President’s nationwide broadcast last week had however ordered the continued use of only N200 notes while some of the governors issued a counter broadcast adhering strictly to the Supreme Court order.

Details later.