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Court Asked To Restrain CBN’s Phasing Out Of old Naira Notes

A Kano-based lawyer, Sunusi Umar Sadiq, has asked the Federal High Court in Kano to restrain the Central Bank of Nigeria (CBN) and its Governor Godwin Emefiele from making the old N200, N500 and N1,000 currency notes cease to be legal tender by January 31, 2023.

 The lawyer made the prayer in his ex-parte application in suit FHC/KN/CS/19/2023 filed on January 25, 2023.

He asked the court to stop the respondents pending the hearing and determination of his January 25, Originating Motion.

 The prayer is as follows: “An order of interim injunction restraining the Respondents, pending the hearing and determination of the Originating Motion dated 25th January 2023, from making the existing N200, N500 and N1, 000 currency notes cease to be the legal tender in Nigeria by 31st January 2023, which currency notes are the ones largely in circulation now, are the ones issued by the various commercial banks in the country, and are the ones dispensed by the various Automated Teller Machines (ATMs).

http://The Nation

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